Q2 2022 Results

Emirates Integrated Telecommunications Company PJSC

22 July 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.

2

Emirates Integrated Telecommunications Company PJSC

Agenda

  • Highlights
  • Operating review
  • Financial review
  • Appendix

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Emirates Integrated Telecommunications Company PJSC

Q2 2022 highlights

Recovery is gaining pace

Macro update

  • First "normalized" quarter post COVID and Expo 2020
  • Confirmation of population recovery
    • UAE is cementing its status as a global economic hub
    • UAE's wide-ranging reforms are supportive of future population growth
  • Economy back in growth mode
    • Oil prices are very supportive of the UAE's fiscal position…
    • … but building up inflationary pressure in the country

Company update

  • Mobile customer base continues its growth trajectory
    • Postpaid customer base at an all-time high
  • Several commercial initiatives have been launched
    • New unlimited mobile data plans
  • Consistent execution of broadband strategy
  • Strong commercial momentum on Consumer and Enterprise segments

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Emirates Integrated Telecommunications Company PJSC

Financial review

Highlights

Revenues

(AED million)

+9.9%

2,855

3,137

Q2'21

Q2'22

EBITDA

(AED million)

+12.1%

1,130

1,267

Q2'21

Q2'22

Net profit

(AED million)

+26.2%

240

303

Q2'21

Q2'22

Capex

(AED million)

-14.1%

650

558

Q2'21

Q2'22

OpFCF

(AED million)

+47.7%

709

480

Q2'21

Q2'22

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Emirates Integrated Telecommunications Company PJSC

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Emirate Integrated Telecommunications Company PJSC published this content on 22 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 07:03:04 UTC.