Financial Highlights

Revenue

(AED million)

EBITDA

(AED million)

EBITDA Margin

(%)

Net Profit

(AED million)

Net Profit Margin

(%)

Capex1

(AED million)

Capex / Revenue1

(%)

Free Cash Flow1

(AED million)

Free Cash Flow Margin1

(%)

Common Dividend Per Share

(AED)

(1) Excludes spectrum and license acquisition costs
(2) For the year 2020, in addition to the Common DPS, a one-time special dividend of 40 fils per share was paid

53.3

AED Billion

Revenue

9.3

AED Billion

Net profit

8.4

AED Billion

Capex

159

million

Aggregate subscribers

26.7

AED Billion

EBITDA

80

Fils

Dividend Per Share

Geographic
Footprint

×

Etisalat, United Arab Emirates

  • License Type Mobile, fixed and Internet
  • e& Ownership 100%
  • Population (million) 10
  • Penetration Mobile: 169% Fixed: 23%
  • Number of Operators 2
×

Etihad Etisalat (Mobily), Saudi Arabia

  • License Type Mobile, fixed and Internet
  • e& Ownership 28%
  • Population (million) 36
  • Penetration 115%
  • Number of Operators 3
×

Etisalat Misr, Egypt

  • License Type Mobile, fixed and Internet
  • e& Ownership 66%
  • Population (million) 105
  • Penetration 94%
  • Number of Operators 4
×

Etisalat, Afghanistan

  • License Type Mobile
  • e& Ownership 100%
  • Population (million) 39
  • Penetration 68%
  • Number of Operators Mobile 4
×

PTCL/Ufone, Pakistan

  • License Type Mobile, fixed and Internet
  • e& Ownership 23%
  • Population (million) 216
  • Penetration Mobile: 82% Fixed: 1%
  • Number of Operators Mobile 4, Fixed 11
×

Maroc Telecom, Morocco

  • License Type Mobile, fixed and Internet
  • e& Ownership 53%
  • Population (million) 36
  • Penetration Mobile: 143% Fixed: 7%
  • Number of Operators 3
×

Moov Africa, Benin

  • License Type Mobile
  • e& Ownership 53%
  • Population (million) 13
  • Penetration 92%
  • Number of Operators 3
×

Moov Africa, Burkina Faso

  • License Type Mobile, fixed and Internet
  • e& Ownership 32%
  • Population (million) 22
  • Penetration 113%
  • Number of Operators 3
×

Moov Africa, Central African Republic

  • License Type Mobile
  • e& Ownership 53%
  • Population (million) 5
  • Penetration 33%
  • Number of Operators 4
×

Moov Africa Gabon Telecom, Gabon

  • License Type Mobile, fixed and Internet
  • e& Ownership 27%
  • Population (million) 2
  • Penetration 113%
  • Number of Operators 2
×

Moov Africa, Ivory Coast

  • License Type Mobile
  • e& Ownership 45%
  • Population (million) 28
  • Penetration 143%
  • Number of Operators 3
×

Moov Africa Malitel, Mali

  • License Type Mobile, fixed and Internet
  • e& Ownership 27%
  • Population (million) 20
  • Penetration 105%
  • Number of Operators 3
×

Moov Mauritel, Mauritania

  • License Type Mobile, fixed and Internet
  • e& Ownership 27%
  • Population (million) 4
  • Penetration 99%
  • Number of Operators 3
×

Moov Africa, Niger

  • License Type Mobile
  • e& Ownership 53%
  • Population (million) 25
  • Penetration 58%
  • Number of Operators 4
×

Moov Africa, Togo

  • License Type Mobile
  • e& Ownership 50%
  • Population (million) 9
  • Penetration 72%
  • Number of Operators 2
×

Moov Africa, Chad

  • License Type Mobile
  • e& Ownership 53%
  • Population (million) 17
  • Penetration 55%
  • Number of Operators 3

Investment
Case

e& is an attractive and unique investment proposition, as one of the world’s leading telecommunication groups in emerging markets with a vision to become a global technology company for the future.

The leading integrated telecommunications group in the region

  • Aggregate subscriber base of 159 million

  • Largest telecommunication operator in MENA region by market cap

  • Comprehensive portfolio of communication products and services to consumers, businesses and government segments in multiple regions

  • Diversified business portfolio across 16 high growth markets and high cash flow maturing markets

  • Network leadership in home market with best-in class mobile and fixed network

Robust financial strength and performance

  • Record level net profit of AED 9.3 billion in 2021

  • Healthy EBITDA margin of 50%, amongst the highest in the telecom industry worldwide

  • Among highest industry credit ratings, reflecting strong cash flow, unique cash position and disciplined approach to capital spending

  • Consistent history of dividend payments

Accelerating strategic growth

  • Strong focus on core business by leveraging strong market positioning

  • Growing adjacent consumer and digital services

  • Becoming a more efficient and agile Group

  • Resilience and growth despite COVID-19 impact

  • Expanding and optimising portfolio

Together towards a sustainable future

  • Strategic direction fully aligned with the UAE Vision 2021 and UN SDGs

  • Strong commitment to Diversity, Equity and Inclusion, including increasing female management

  • Engagement with Carbon Disclosure Project (CDP)

  • MSCI Global Index ESG rating of ‘A’, among top third of global corporations future