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Airtel Africa Plc Report on the results for the second quarter and half year ended September 30, 2020 Airtel Africa plc Airtel Africa Oct 23, 2020 The financial statements included in this quarterly report fairly presents in all material respects the financial position, results of operations and cash flow of the Group as of, and for the periods presented in this report. | Mobile Services I Mobile Money | Supplemental Disclosures RDC Holdings B.V. , Bharti Airtel Services B.V. , Bharti Airtel Tanzania Basis of preparation: - The results for the six months ended 30 B.V., Bharti Airtel Uganda Holdings B.V., Bharti Airtel Zambia Holdings September 2020 are unaudited and in the opinion of management, include all adjustments necessary for the fair presentation of the results B.V., Celtel (Mauritius) Holdings Limited, Airtel Congo RDC S.A., Celtel of the same period. The financial information has been prepared based Niger S.A., Channel Sea Management Company (Mauritius) Limited, on International Accounting Standard 34 (IAS 34) and apply the same Congo RDC Towers S.A., Gabon Towers S.A. (under dissolution), Indian accounting policies, presentation and methods of calculation as those Ocean Telecom Limited, Madagascar Towers S.A., Malawi Towers followed in the preparation of the Group’s annual consolidated financial Limited, Mobile Commerce Congo S.A., Montana International, statements for the year ended 31 March 2020 except to the extent Partnership Investments S.A.R.L, Société Malgache de Telephonie required/ prescribed by IAS 34. This report should be read in conjunction Cellulaire SA, Tanzania Towers Limited, Bharti Airtel Rwanda Holdings with audited consolidated financial statements and related notes for the year ended 31 March 2020. The comparative information has been Limited , Airtel Money Transfer Ltd, Airtel Money Tanzania Limited , Airtel drawn based on Airtel Africa plc’s Audited Consolidated Financial Mobile Commerce Nigeria Limited (incorporate w.e.f. August 31, 2017), Statements for the year ended 31 March 2020 prepared under Airtel Mobile Commerce Nigeria B.V.(incorporated w.e.f. 5th December, International Financial Reporting Standard (IFRS). 2018), Airtel Mobile Commerce (Seychelles) B.V. (incorporated w.e.f. 29th January, 2019), Airtel Mobile Commerce Congo B.V. (incorporated Use of certain Alternative performance measures (APM):- This result w.e.f. 29th January, 2019), Airtel Mobile Commerce Kenya B.V. announcement contains certain information on the Group’s results of (incorporated w.e.f. 29th January, 2019), Airtel Mobile Commerce operations and cash flows that have been derived from amounts Madagascar B.V. (incorporated w.e.f. 29th January, 2019), Airtel Mobile calculated in accordance with International Financial Reporting Standard Commerce Malawi B.V. (incorporated w.e.f. 29th January, 2019), Airtel (IFRS), but are not in themselves IFRS measures. They should not be Mobile Commerce Rwanda B.V. (incorporated w.e.f. 29th January, viewed in isolation as alternatives to the equivalent IFRS measures and 2019), Airtel Mobile Commerce Tchad B.V. (incorporated w.e.f. 29th should be read in conjunction with the equivalent IFRS measures. January, 2019), Airtel Mobile Commerce Uganda B.V. (incorporated w.e.f. 29th January, 2019), Airtel Mobile Commerce Zambia B.V. Further, disclosures are also provided under “7.2 Use of Alternative (incorporated w.e.f. 29th January, 2019), Airtel International LLP performance measures (APM) Financial Information” on page 34 (incorporated w.e.f. 27th March, 2019, Tigo Rwanda Limited (merged with Airtel Rwanda Ltd w.e.f. July 3, 2018), Airtel Money Trust, Safe Harbor: The IAS 34 financials considered for the purpose of this Seychelles Cable Systems Company Limited (Associate), Airtel Mobile report is unaudited. Commerce Gabon B.V., Airtel Mobile Commerce Niger B.V., Airtel Mobile Commerce DRC B.V. and Airtel Money Kenya Limited. Convenience translation: - We publish our financial statements in United States Dollars. All references herein to “US dollars”, “USD”, “$” Disclaimer: By reading this presentation you agree to be bound by the and “US$” are to United States dollars. Translation of income statement following conditions. items have been made from local currencies of Africa operating units to USD (unless otherwise indicated) using the respective monthly average The information contained in this presentation in relation to Airtel Africa rates. Translation of statement of financial position items has been made plc ("Airtel Africa") and its subsidiaries has been prepared solely for use using the closing rate. All amounts translated as described above are at this presentation. The presentation is not directed to, or intended for provided solely for the convenience of the reader, and no representation distribution to or use by, any person or entity that is a citizen or resident is made that the local currencies or USD amounts referred to herein could or located in any jurisdiction where such distribution, publication, have been or could be converted into USD or local currencies availability or use would be contrary to law or regulation or which would respectively, as the case may be, at any particular rate, the above rates require any registration or licensing within such jurisdiction. or at all. Any discrepancies in any table between totals and sums of the amounts listed are due to rounding off. References in this presentation to "Airtel Africa", "Group", "we", "us" and "our" when denoting opinion refer to Airtel Africa plc and its subsidiaries. Others: In this report, the terms “we”, “us”, “our”, “ Airtel - Africa”, or “Africa”, unless otherwise specified or the context otherwise implies, refer Forward-looking statement to the Airtel Africa plc and its subsidiaries and its associate, Bharti Airtel This document contains certain forward-looking statements including International (Netherlands) B.V., Africa Towers N.V., Airtel (Seychelles) "forward-looking" statements made within the meaning of Section 21E of Limited, Airtel Congo S.A, Airtel Gabon S.A., Airtel Madagascar S.A., the United States Securities Exchange Act of 1934, regarding our Airtel Malawi plc, Airtel Mobile Commerce B.V., Airtel Mobile Commerce intentions, beliefs or current expectations concerning, amongst other Holdings B.V., Airtel Mobile Commerce Kenya Limited, Airtel Mobile things, our results of operations, financial condition, liquidity, prospects, Commerce Limited (Malawi), Airtel Mobile Commerce Madagascar S.A., growth, strategies and the economic and business circumstances Airtel Mobile Commerce Rwanda Limited, Airtel Mobile Commerce occurring from time to time in the countries and markets in which the (Seychelles) Limited, Airtel Mobile Commerce Tanzania Limited, Airtel Group operates. Mobile Commerce Tchad SARL, Airtel Mobile Commerce Uganda Limited, Airtel Mobile Commerce Zambia Limited , Airtel Money RDC S.A., Airtel Money Niger S.A., Airtel Money S.A. (Gabon), Airtel Networks These statements are often, but not always, made through the use of Kenya Limited, Airtel Networks Limited, Airtel Networks Zambia plc, Airtel words or phrases such as "believe," "anticipate," "could," "may," "would," Rwanda Limited, Airtel Tanzania plc (formerly known as Airtel Tanzania "should," "intend," "plan," "potential," "predict," "will," "expect," "estimate," Limited), Airtel Tchad S.A., Airtel Uganda Limited, Bharti Airtel Africa "project," "positioned," "strategy," "outlook", "target" and similar B.V., Bharti Airtel Chad Holdings B.V. , Bharti Airtel Congo Holdings B.V., expressions. Bharti Airtel Developers Forum Limited, Bharti Airtel Gabon Holdings B.V. , Bharti Airtel Kenya B.V., Bharti Airtel Kenya Holdings B.V., Bharti It is believed that the expectations reflected in this document are Airtel Madagascar Holdings B.V. , Bharti Airtel Malawi Holdings B.V. , reasonable, but they may be affected by a wide range of variables that Bharti Airtel Mali Holdings B.V., Bharti Airtel Niger Holdings B.V. , Bharti could cause actual results to differ materially from those currently Airtel Nigeria B.V. , Bharti Airtel Nigeria Holdings II B.V. , Bharti Airtel anticipated. Page 1 of 61 All such forward-looking statements involve estimates and assumptions Financial data included in this document are presented in US$ rounded that are subject to risks, uncertainties and other factors that could cause to the nearest million. Therefore, discrepancies in the tables between actual future financial condition, performance and results to differ totals and the sums of the amounts listed may occur due to such materially from the plans, goals, expectations and results expressed in rounding. The percentages included in the tables throughout the the forward-looking statements and other financial and/or statistical data document are based on numbers calculated to the nearest $1,000 and within this communication. therefore minor rounding differences may results in the tables. Among the key factors that could cause actual results to differ materially No profit or earnings per share forecasts from those projected in the forward-looking statements are uncertainties No statement in this communication is intended to be, nor should be related to the following: the impact of competition from illicit trade; the construed as, a profit forecast or a profit estimate and no statement in impact of adverse domestic or international legislation and regulation; this communication should be interpreted to mean that earnings per changes in domestic or international tax laws and rates;
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