Investor Presentaiton
Robust liquidity
position, commitment
to investment grade
credit profile
■ Maintained strong liquidity and
cash position of AED 26.0 billion
■ Increased leverage at
attractive rates to finance
Vodafone investment
■ Operating cash flow lower due
to changes in working capital
■ Higher investing cash outflow
and financing cash inflow
attributed to strategic
investments
■ Commitment to investment
grade credit profile
Group Balance Sheet and Cash Flow
Balance Sheet (AED m) Dec-21 Sep-22
Cash Flow (AED m)
Sep-21 Sep-22
Cash & Bank Balances
28,575
26,024
Operating
10,795
8,711
Total Assets
128,197
130,604
Investing
(4,034) (20,406)
Total Debt
25,732
40,140
Financing
(13,930) 8,281
Net Cash (Debt)
Total Equity
2,843
57,564
(14,116) i
Net change in cash
(7,168) (3,415)
48,373
Effect of FX rate changes
Others
781
1,104
(41)
(240)
Ending cash balance
24,917
26,024
Investment Grade Credit Ratings
S&P Global
AA-/Stable
M Moody's
Aa3/Stable
Note: Debt represents interest bearing debt i.e. bonds, banks borrowings, vendor financing and other financial obligations. It excludes lease obligations.
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