Ooredoo Capital Markets Day showcases company’s strategy for success

Ooredoo Q.S.C. (“Ooredoo”) - Ticker: ORDS.QA has held its annual Capital Markets Day in Doha, offering key market participants an in-depth insight into Ooredoo’s strategy for growth and its progress against ambitious targets for development.

Waleed Al Sayed, Deputy CEO of Ooredoo Group, led the event, which saw presentations by Ooredoo’s heads of strategy, finance and strategic sourcing. In addition, leaders of Ooredoo’s operations in Myanmar, Indonesia and Oman also provided updates on their respective markets.

For the analysts and investors who took part, the Capital Markets Day offered an important opportunity to meet with Ooredoo’s senior management and discuss the company’s strategy and key operational developments, as well as the changes impacting the wider industry. Sheikh Saud Bin Nasser Al Thani, Group CEO, Ooredoo, said: “We are pleased to showcase our track-record of success, impressive portfolio of telecom assets in growth markets, and experienced management team to the global financial community. By delivering excellent results at home in Qatar and across our global footprint, we are contributing to the growth of this industry and ensuring that our customers benefit from life-changing technologies.”

Ooredoo has delivered a positive performance in 2016, increasing its customer base by 14% to 130 million and recording revenue of QAR 16 billion by the end of June 2016. The company’s Group EBITDA of QAR 6.5 billion and its improved EBITDA margin of 41% in the same period demonstrated its continued improvement in operational performance. The company’s evolved strategy is designed to strengthen this position, by focusing on operational speed, execution excellence and performance/efficiency management.

The company is seeing strong returns resulting from its unified Ooredoo brand, which is now present in eight out of 10 of Ooredoo markets and is the number one brand for brand health, according to a recent study by Brand Finance. In addition, Ooredoo has significantly grown its strength as a data company, offering 4G in 8 out of 10 markets and delivering QAR 6.2 billion from data revenue for the six months to 30 June 2016. Both Qatar and Oman are now generating more than 50% of their revenue from data.

For some of the investors in attendance, the event was an opportunity to meet the new executives who have joined Ooredoo Group over the past 12 months. Ooredoo refreshed its leadership team at the end of 2015 and has brought in three new CEOs for its regional operations to help take Ooredoo through the next phase of its development.