Ooredoo Group proforma revenue FY 2022 increased 4% to QAR 23bln

Ooredoo Group proforma revenue FY 2022 increased 4% to QAR 23bln

Doha, Qatar: Ooredoo Q.P.S.C. (“Ooredoo”) - Ticker: ORDS today announced its financial results for the year ended 31 December 2022.

Financial Highlights:

Due to the merger of Indosat Ooredoo (IO) and Hutchison in Indonesia as of January 4, 2022, the accounting treatment of Ooredoo’s previous largest international operation has been changed. Indosat Ooredoo Hutchison (“IOH”) Revenue, EBITDA, customers, and Capex are no longer consolidated, as the operation is now classified as a “joint venture company.” For “a like for like” comparison, we have added a proforma table excluding the Indonesian consolidated results in 2021 and normalising for major non-recurring items.

| |

Proforma Numbers

| |

Normalised Proforma, excl. Indosat Ooredoo in Q4 2022*

| |

Normalised Proforma excl. IO in FY 2022

| |

Q4 2022

| |

Q4 2021

| |

% Change

| |

| |

FY 2021

| |

% Change

| |

Consolidated Revenue (QAR m)

| |

5,845

| |

5,653

| |

3%

| |

22,698

| |

21,906

| |

| |

EBITDA (QAR m)

| |

2,273

| |

2,317

| |

-2%

| |

9,129

| |

9,274

| |

-2%

| |

EBITDA Margin (%)

| |

39%

| |

41%

| |

| |

40%

| |

42%

| |

| |

Net Profit attributable to Ooredoo Shareholders (QAR m)

| |

722

| |

643

| |

12%

| |

2,821

| |

2,223

| |

27%

| |

CAPEX (QAR m)

| |

1,174

| |

1,270

| |

-8%

| |

2,729

| |

3,084

| |

-12%

| |

CAPEX/Revenue (%)

| |

20%

| |

22%

| |

| |

12%

| |

14%

| |

| |

Free Cash Flow (QAR m)

| |

1,099

| |

1,048

| |

5%

| |

6,401

| |

6,189

| |

3%

| |

Customers in million (consolidated)

|