InformationFinanceTelwxomTexhForBussinwssAdvisory.pdf

Telco finance

1. 1

4. •
•
•
•
•
Institutional, 26%
Retail, 4%
Government,
70%
Free float,
30%
Egypt
58.2%
USA
23.4%
GCC
7.7%
Europe
4.3%
South
Africa
3.9%
ROW
2.5%

6. 22%
19%
17%
14%
11%
8%
6%
3%
0-9
10-19
20-29
30-39
40-49
50-59
60-69
70+
26%
11%
19%
29%
3%
12%Illiterate
Literate
Primary
Secondary
High school
University degree
↓

7. *

10. ©

11. ©
igitalCustomerelationshipsnnovation & PartnershipsCore Businessalue Creation -business

12. ©
Maximizing Shareholder Value
Achieve Financial Excellence
Converged Products and Solutions
Network Expansion and Evolution
Operational Efficiency & Automation
Improve Value Creation & ROI
Foster Corporate Agility
Drive Environmental, Social &
Governance Sustainability
Seamless Customer Journey & Excellence
Focus on Customer Loyalty& Retention
Enlarge Digital Care
Enhance Brand Perception & Affinity
Towards a Data-driven Company
Digital Hub & Associated Ecosystem
Towards a Digital Native Organization
Develop Digital Products and Solutions
Partnership Expansion &
Collaboration
Expand the B2B Service portfolio
Capitalize on Current B2B Portfolio
Focus on Cloud ComputingServices

14. •
•
•
•
•
•
•
18,313
31,507
27,683
31,507
FY 2020 FY 2023 FY 2022 FY 2023

15. -15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
YoY MoM Fixed data trafficMobile data traffic

18. 27. 0
29. 0
31. 0
33. 0
35. 0
37. 0
39. 0
0
2,0 00
4,0 00
6,0 00
8,0 00
10, 000
12, 000
14, 000
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
70. 0
90. 0
110 .0
130 .0
150 .0
170 .0
190 .0
0
1,0 00
2,0 00
3,0 00
4,0 00
5,0 00
6,0 00
7,0 00
8,0 00
9,0 00
10, 000
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023

19. 27,715
30,800
31,293
32,230
32,588
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023

21. 13,600
25,172
16,590
25,172
FY 2020 FY 2023 FY 2022 FY 2023
•
•
•
•
•
•
•
•

22. 20092010201120122013201420152016201720182019202020212022202320242025 202820292031

23. • Egypt-Libya Link
Iraq
Indonesia
Thailand
Myanmar
Morocco
Algeria
France
Qatar
India
Pakistan
Iran
Oman
Yemen
Saudi Arabia
Turkey
Syria
Lebanon
Egypt
Sudan
Ethiopia
Somalia
Libya
Mozambique
Madagascar
Tanzania
Kenya
Greece
Tunisia
Djibouti
Sri Lanka
Jordan
Maldives
Taiwan
Brunei
Vietnam
Philippine
Japan
Korea
Belgium
UK
Singapore
Germany
China
Cyprus
Italy
Portugal
Eritrea
Bangladesh
Australia
U.A.E
Malaysia
2024 2Africa
2024 Africa-1
2024 IEX
2024 Medusa
2025 SMW-6
• Egypt-Jordan Link• Egypt-Sudan Link

24. c
c
c
FranceItalySingapore
Jordan
International Points of Presence
Mauritius Morocco
Call Center
Services

26. - 10%
40%
90%
140 %
190 %
240 %
290 %
340 %
390 %
-
5,00 0
10,0 00
15,0 00
20,0 00
25,0 00
30,0 00
35,0 00
40,0 00
45,0 00
50,0 00
-
1,00 0
2,00 0
3,00 0
4,00 0
5,00 0
6,00 0
7,00 0
8,00 0
-
2,00 0
4,00 0
6,00 0
8,00 0
10,0 00
12,0 00
50. 00
60. 00
70. 00
80. 00
90. 00
100 .00
110 .00
120 .00
43,5 00
44,0 00
44,5 00
45,0 00
45,5 00
46,0 00
46,5 00
47,0 00
47,5 00
48,0 00

27. 2,206
4,995
2,682
4,995
FY 2020 FY2023 FY 2022 FY 2023
*

28. Main events in 2023
Read More Read More
Read More Read More
Read More Read More
Read More

29. Main events in 2024 to date
Read More Read More
Read More Read More

32. 
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33. In EGP mn 2021 2022 2023
Growth YoY
2022 2023
Revenue
Home & Consumer
Enterprise
Domestic Wholesale
International Carriers
International Customers & Networks
Total employee cost
Call costs
COGS (excl. above expenses)
S&D (excl. salaries, D&A)
G&A (excl. salaries, D&A)
EBITDA
Margin
Other (income)/expenses
Depreciation
Amortization
(Provision)\Reversal of expected credit loss provision
Operating profit
Margin
Income from investments
Net finance (cost)/income
Net interest (expense)/income
Tax
Net profit
Margin
EPS

34. -70.00
-50.00
-30.00
-10.00
10.00
30.00
0
200
400
600
800
1,0 00
1,2 00

35. 0%
20%
40%
60%
80%
100 %
120 %
140 %
160 %
180 %
200 %
-
5,00 0
10,0 00
15,0 00
20,0 00
25,0 00
37%
35%
30% 31%
42%
0%
20%
40%
60%
80%
100 %
120 %
140 %
160 %
180 %
200 %
-
5,00 0
10,0 00
15,0 00
20,0 00
25,0 00
Capex License Capex/sales

36. (1,583)
(1,965)
7,236
(2,117)
(3,563)
-27%
-18%
51%
-12%
-16%

37. 2.58
2.84
4.93
5.38
6.72
3.18
1.27
4.07
4.30
3.74
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
Consolidated
Standalone
2.10
2.31
4.34
4.61
5.70
2.79
0.87
3.66 3.83
3.19
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
Consolidated
Standalone
2.79
0.87
3.66
3.83
3.19
0.25
0.75
1.00
1.25
1.50
-
0.5 0
1.0 0
1.5 0
2.0 0
2.5 0
3.0 0
3.5 0
4.0 0
4.5 0
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
EPS
DPS
12%
32%
23%
27% 26%
9%
86%
27%
33%
47%
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
Consolidated
Standalone

39. 
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

40. 44,273
56,679
3,327
2,751
4,060
FY 22 Total RevenuesHome & Consumer
496
Enterprise Solutions
1,772
Domestic Wholesale ICA IC&N FY 23 Total Revenues
+28%

41. •
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42. Revenue EBITDA EBITDA margin Net profit
InEGP million
Analyst 1 14,589 6,268 43.0% 3,304
Analyst 2 13,648 4,708 34.5% 2,286
Analyst 3 14,170 5,655 39.9% 2,434
Analyst 4 13,419 5,157 38.4% 2,242
Average of estimates 13,957 5,447 39% 2,567
Median 13,909 5,406 39.0% 2,360
High 14,589 6,268 43.0% 3,304
Low 13,419 4,708 34.5% 2,242
TelecomEgypt results 14,721 5,074 34.5% 2,317
Variance 5.5% -6.8% -448bps -9.7%

44. Thank You
Investor relations team
[email protected]
Check our website
ir.te.eg