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Ooredoo (ORDS) investor relations material
Ooredoo CMD 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic direction and business transformation
Refreshed strategy targets leadership in digital infrastructure, scaling beyond core telco to platform adjacencies and fintech, aiming for 15% of revenue from these by 2030, up from 4% today.
Portfolio optimization includes Myanmar exit, IOH merger, and carve-outs of data centers and fintech, focusing on scalable, high-growth markets.
Emphasis on value creation through organic growth, strategic partnerships, and digital transformation, leveraging AI, advanced analytics, and customer value management.
SMB and B2B segments prioritized for growth, with tailored digital solutions and partnerships to expand market share and revenue.
Fintech and platform adjacencies are being scaled, with fintech live in three markets and ambitions for further regional expansion.
Financial performance and guidance
Revenue has grown at a 3.3% CAGR since 2020, with adjusted EBITDA margin consistently above 40% and net profit up 10.9% per year.
Dividend per share increased 160% since 2020, with a new payout policy of 50%-70% of normalized earnings, reflecting strong cash generation.
Leverage reduced from 1.7x to 0.6x, maintaining investment-grade ratings and strong liquidity, with most debt fixed and long-dated.
CapEx intensity averages in the low to mid-teens, with increased allocation to high-growth markets and digital infrastructure.
2025 guidance: revenue growth of 2%-5%, EBITDA margin in the low 40s, CapEx QAR 4.5-5 billion, and 2026 outlook expected to align closely.
Market and operational highlights
Leading positions in 7 of 9 markets, with a balanced mix of stable GCC markets (over 50% of revenue) and high-growth markets (notably Iraq and Algeria).
Qatar: 30% of group revenue, 34% of EBITDA, market leader with 64%-70% mobile share, high ARPU ($28), and 99%+ fiber and 5G coverage.
Iraq: 23%-48% of group revenue, leading ARPU, rapid data growth, and AI-driven transformation initiatives.
Kuwait: 30% of revenue, strong ARPU growth, early 5G deployment, and robust B2B expansion.
Algeria: 13%-31% of revenue, fastest market growth in portfolio, and capital-efficient network rollout.
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