“Enriching People's Digital Lives"
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2018 12M FACT SHEET (all data as of Dec 31,2018) Company Descretion Company Vision • Wataniya Palestine Mobile Telecommunications Company (Ooredoo Palestine) is the second licensed mobile operator in Palestine. “Enriching people’s digital lives" • Incorporated in 2007 with a license to operate 2G & 3G services in the West Bank and Gaza Strip. Company Ownership Profile • Launched its services in the West Bank in November 2009, and launched its services in the Gaza Strip in October 2017. • Launched the 3G services in West Bank in January 2018. • The Company offers Palestinians residing in the West Bank & Gaza the opportunity to enjoy a communications service based on network quality, reliability and choice. • Strategic backing by Ooredoo Group and Palestine Investment Fund. • Listed at Palestine Exchange in 2011 as a public shareholding Company, with IPO oversubscription of 155%. • The company increased the capital shares from $258M to $293M, through a secondary offering to the shareholders. As of 31 Dec 2018, there were no shareholders owning • The company rebranded to the parent more than 5% within the free float (the public). company Ooredoo in November 2018. Share Price Performance Exchange: Palestine Exchange (PEX) Stock Code: OOREDOO Stock Performance (FY 2018) ISIN: PS5012112072 1.2 Bloomberg: WATANIYA:PS 1.1 Industry: Telecommunication 1 Index: Al-Quds Market Cap (U.S.$): 240,280,000 (Ranks 4th on PEX) 0.9 Equity (U.S.$): 293,000,000 (Ranks 1st on PEX) * 0.8 # of shareholders: 10,693 (Ranks 3rd on PEX) 0.7 52 Week High (U.S.$): 1.17 52 Week Low (U.S.$): 0.80 Closing price (U.S.$): 0.82 Value Traded (U.S.$): 6,943,435 Number of Shares traded: 7,218,525 CEO Quote “2018 was a successful year for Ooredoo Palestine, with the growth of our market share in the Gaza strip, the launch of 3G in the West Bank and the successful rebranding of Wataniya Mobile to Ooredoo Palestine, all of which have unlocked access to good growth potential for the company. Our financial performance showed a positive net income reflecting the success of our strategy of revenue growth and cost optimization: Revenue was higher by 17% over 2017, and crossed the USD 100 million revenue barrier for the first time, mainly due to the increased market penetration from the launch of 3G in the West Bank and the expansion of business in the Gaza strip, we have grown our customer base by 27% to reached around 1.3 million subscribers, and EBITDA increased by 40% delivering a strong performance in a highly competitive market, focusing on efficiency and cost optimization, which yielded in a Net Profit of USD 0.1 million in 2018 compared with net loss of USD 6.6 million for 2017.” Financial Performance Revenue (USDmn) Operating Income - EBITDA Net Income (USDmn) 100.4 (USDmn) 85.6 26.4 0.1 18.8 6.6- 12M'17 12M'18 12M'17 12M'18 12M'17 12M'18 Key Performance Indicator Subs (in 000's) & ARPU (USD) Market Share % - Subs Market Share % - Revenue 1,286 1,403 29.6% 1,303 29.3% 1,203 1,016 28.4% 28.6% 1,103 21.4% 1,003 903 21.5% 803 703 603 503 403 303 7.5 203 103 6.2 3 5.0 Q2'18 Q3'17 Q3'18 12M'17 12M'18 Q2'18 Q3'17 Q3'18 Market Share - West Bank & Gaza Subscribers ARPU Market share - Revenue - WB & Gaza *12M’18 competitor’s subscribers and revenue figures aren’t disclosed per the date of this data compilation. INVESTOR RELATIONS CONTACTS Headquarters at TriFitness bldg. Sateh Marhaba, Al Bireh P.O.Box 4236, Palestine. [email protected] Disclaimer: This release contains statements, which may constitute ‘forward-looking statements’. ‘Forward-looking statements’ are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated. Such factors include; our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel; changes in our business strategy or development plans; competition; business disruptions; adverse publicity; and international, national and local general economic and market conditions. .