Africa Day 2021
Solid engine of growth
Ramon Fernandez
Deputy CEO, Finance, Performance and Development
Alioune Ndiaye
CEO of Orange Middle East and Africa
Paris, July 30th 2021
Disclaimer
This presentation contains forward-looking statements about Orange's financial situation, results of operations and strategy. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently considered material by us, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. In particular, the Covid-19 outbreak may exacerbate the risks that the Group could face. More detailed information on the potential risks that could affect our financial results is included in the Universal Registration Document filed on 20 April 2020 with the French Financial Markets Authority (AMF) and in the annual report (Form 20-F) filed on 21 April 2020 with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Other than as required by law, Orange does not undertake any obligation to update them in light of new information or future developments.
Africa Day 2021 | 2 |
Acceleration of Growth in Q2 2021
in €m | Q2 21 | yoy cb | H1 21 | yoy cb |
Revenues | 1,555 | +14.4% | 3,043 | +10.7% |
Retail services | 1,359 | +15.8% | 2,660 | +12.8% |
Wholesale | 157 | +0.6% | 310 | -5.6% |
Equipment sales | 30 | 42.2% | 54 | +28.8% |
EBITDAaL | 1,051 | +17.0% | ||
eCAPEX | 525 | +21.0% |
+1.9 pts EBITDAaL margin yoy
32.7% | 34.5% |
H1 2020 cb | H1 2021 |
EBITDAaL | EBITDAaL margin |
Acceleration of retail services growth… | …thanks to fast growth engines |
Revenue cb yoy growth in %
15.8%
14.4%
10.2% | 10.5% | 9.8% | |
9.0% | |||
7.9% | 8.5% | ||
7.1% | |||
7.6% | 4.7% | 7.1% | |
6.1% | 8.3% |
5.8% | 6.2% |
5.1% | |
Revenues growth Q2 yoy | +24% |
+23% | +22% | |
FBB | OM | Data |
Q2 2020
Q2 2021
1.3% | ||||||||||
1.9 m | 22,6 m | 38.2 m | ||||||||
Q2 19 Q3 19 Q4 19 Q1 20 | Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 | |||||||||
Retail services | Total MEA | Customers | active customers* | 4G customers | ||||||
+30% yoy | +15% yoy | +37% yoy | ||||||||
* At least one transaction per month | ||||||||||
Africa Day 2021 | 3 |
Key driver of growth, margin and cash for the Group
MEA share of | |||||
Group's adju. EBITDA (2017) / EBITDAaL | |||||
(2020) | |||||
MEA share of | >15% | ||||
Group's revenues | |||||
>13% | 13% | 14% | |||
12% | 13% | 2017 | 2019 | 2021 | |
2017 | 2019 | 2021 |
MEA share of
EBITDA-Capex(2017) / EBITDAaL- eCapex (2020) of telecom activities
>20% | ||
10% | 14% | |
2017 | 2019 | 2021 |
Africa Day 2021 | 4 |
Relevant capital allocation strategy and strong execution to fuel value
High potential &
balanced portfolio
Natural risk mitigation
4.4% yoy
OMEA footprint CA
Average growth over 12 years
21st century is and will remain the century of Africa
Operational excellence & | Sustainable |
strong costs control | value creation |
>+5% | Strong ROCE growth (pts) | |
Total CA CAGR 17-20 | ||
+7% | +5.7 | |
EBITDAaL CAGR 17-20 | ||
>+15% | ||
EBITDAaL-eCapex CAGR 17-20 | ||
>+33% | 2017 | 2020 |
OCF CAGR 17-20 | ||
Africa Day 2021 | 5 |
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Orange SA published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 11:18:05 UTC.