Q4 2024 Ooredoo QPSC Earnings Call Transcript
Key Points
- Ooredoo QSC (DSMD:ORDS) achieved a record net profit, surpassing the $1 billion mark, indicating strong financial performance.
- The company successfully closed the sale of its Myanmar operation, streamlining its portfolio.
- Ooredoo QSC (DSMD:ORDS) formed strategic partnerships with NVIDIA and Iron Mountain to enhance its digital infrastructure and data center capabilities.
- The company maintained a healthy liquidity position with a net debt-to-EBITDA ratio of 0.4x, well below the Board's guidance.
- The Board recommended an 18% increase in dividends, reflecting confidence in the company's financial health and shareholder value creation.
- Ooredoo QSC (DSMD:ORDS) faced revenue pressure in its home market of Qatar, with a reported revenue decrease of 2% due to competitive challenges.
- The company's EBITDA in Kuwait was impacted by a one-off bad debt provision, leading to a 14% decrease.
- Oman's revenue decreased by 3% due to lower mobile and fixed revenue, with EBITDA also decreasing by 6%.
- The company incurred penalties in Iraq related to quality standards and regulatory fees, impacting financial results.
- Ooredoo QSC (DSMD:ORDS) experienced a decline in its fixed line segment in Qatar, attributed to competitive pressures and market share attrition.
Good afternoon, everyone. Thank you for joining us today. Welcome to Ooredoo Group's full-year results call for the year ended December 31, 2024. My name is Luelle Pillay, and I'm the Head of Investor Relations here at Ooredoo Group.
Today's presentation is divided into three parts. First, our CEO, Aziz Aluthman Fakhroo, will begin with an overview of 2024, highlighting the key milestones to be achieved throughout the year. And thereafter, he will present the consolidated results. Following Aziz, our Group CFO, Abdulla Al Zaman, will provide an in-depth review of the operational performance across the nine markets. Lastly, Aziz will return to provide a brief outlook on the opportunities, initiatives and strategies that we are focused on for the year ahead.
We aim to keep this session concise to allow enough time for your questions at the end. (Event Instructions)
For your reference, the presentation slides are available on our website at ooredoo.com, and they're also accessible on this webcast. The session is being
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