Full-year and Q4 2021 results
Emirates Integrated Telecommunications Company PJSC
14 February 2022
Emirates Integrated Telecommunications Company PJSC
Disclaimer
This document has been prepared by Emirates Integrated Telecommunications Company PJSC (the "Company") solely for presentation purposes. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, the accuracy, the completeness or the correctness of the information contained herein. None of the Company or any of its respective affiliates, advisors or representatives shall have any liability whatsoever for any direct or indirect loss whatsoever arising from any use of this document, or contents, or otherwise arising in connection with it.
This document does not constitute an offer or invitation to purchase any share or other security in the Company and neither it nor any part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. Before making any investment decision, an investor should consider whether such an investment is suitable for his particular purposes and should seek the relevant appropriate professional advice.
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Certain information contained in this document consists of forward-looking statements reflecting the current view of the Company with respect to future events. They are subject to certain risks, uncertainties and based on certain assumptions. Many factors could make the expected results, performance or achievements be expressed or implied by such forward-looking statements (including, but not limited to, worldwide economic trends, economic and political climate of United Arab Emirates, the Middle East and changes in business strategy and various other factors) to be materially different from the actual historical results, performance achieved by the company. Should one or more of the risks or uncertainties materialize or should the underlying assumptions prove different stock movements or performance achievements may vary materially from those described in such forward-looking statements. Recipients of this document are cautioned not to place any reliance on these forward-looking statements. The Company undertakes no obligation to republish revised forward- looking statements to reflect changed events or circumstances.
For further information about the company, or material contained within this forward looking statement, please direct your enquiries to our Investor Relations team by email at investor.relations@du.ae.
Emirates Integrated Telecommunications Company PJSC | 2 |
Agenda
- Highlights
- Operating review
- Financial review
- Appendix
3
Emirates Integrated Telecommunications Company PJSC
Q4 2021 highlights Recovery is gaining pace
Macro update
Company
update
Macro
- Oil prices remain very supportive of growth forecasts
- PMI readings are edging towards pre-pandemic levels
- UAE's wide-ranging reforms are supportive of an increase in FDI and population growth
- First quarter of EXPO 2020
Resumption of domestic and international mobility
• In-school learning remains the norm
• Return to office was prevalent
• Tourism activity accelerated in Q4 thanks to EXPO 2020 and hosting of international sport events
• Strong commercial momentum in Consumer Fixed services
• Mobile postpaid segment invigorated by handset bundles and increased mobility
• Solid performance from the Mobile prepaid segment
• 5G network coverage: 91% of the population
4
Emirates Integrated Telecommunications Company PJSC
Financial review
Highlights
Revenues
(AED million)
+12.0% | |
2,740 | 3,070 |
Q4'20 | Q4'21 |
Revenues | |
(AED million) | |
+5.4% | |
11,084 | 11,682 |
2020 | 2021 |
(*) Net profit (adjusted) excludes signficiant one-off items
EBITDA | |
(AED million) | |
+20.5% | |
1,031 | 1,242 |
Q4'20 | Q4'21 |
EBITDA | |
(AED million) |
+1.9% | |
4,507 | 4,592 |
2020 | 2021 |
Emirates Integrated Telecommunications Company PJSC
Net profit (adjusted*)
(AED million)
+14.7% | |
185 | 212 |
Q4'20 | Q4'21 |
Net profit (adjusted*)
(AED million)
-9.3% | ||
1,017 | 923 | |
2020 | 2021 | 5 |
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Emirate Integrated Telecommunications Company PJSC published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 08:12:01 UTC.