MTN : FY 23 results presentation

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Agenda

• 01 FY 23 Highlights

• 02 Operational & strategic review

• 03 Financial review

• 04 Outlook and priorities

01

FY 23 Highlights

Ralph Mupita

Group President and CEO

Overview | FY 23

Resilient underlying performance

• • Blended inflation of 16.7% in our markets

• • User growth: +9.3% active data users | +5.0% fintech users

  • • R2.6bn expense efficiencies delivered in 2023

  • • Mastercard commercial and $200m equity investment deals in fintech

    • • FX volatility & paucity | Naira devaluation

• • Data traffic +35.4%^

• • Net-debt/EBITDA of 0.4x | Holdco leverage of 1.4x

  • • Fibre separations | Africa50 JV: Project East2West (E2W)

  • • Ongoing geopolitical tensions | Sudan conflict

  ^ Excluding JVs

  • • Fintech TX vol +32.2%

• • Healthy liquidity headroom of R44.1bn

• • Portfolio optimisation - Afghanistan exit completed

Highlights | financial

Execution excellence supported resilient financial performance | Capex (ex-leases) of R41.1bn

Growth

Earnings

* Denotes constant currency information after pro forma adjustments , throughout this presentation ^ Operating free cash flow before spectrum and licences | # Compared to restated 2022

Balance sheet

Returns

02

Operational & strategic review

Ralph Mupita

Group President and CEO

Markets

Robust overall growth, with increased contribution to Group - led by MTN Ghana

+17.4%* service revenue

+24.3%* data revenue

+13.5%* service revenue

+24.7%* data revenue

-8.7%* service revenue

-9.6%* data revenue

10

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MTN Group Ltd. published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 13:31:02 UTC.