Investor Presentaiton
MTN
Group income statement
Strong overall Group results | Improvement in EBITDA margin
% change
% change
(Rm)
Revenue
Service revenue
EBITDA before once-off items
Once-off items
EBITDA
Depreciation, amortisation and goodwill impairment
2021
2020
reported
constant currency *
181 646
179 361
1.3
17.6
171 821
170 072
1.0
18.3
80 771
76 692
5.3
23.7
(4 613)
4 619
76 158
81 311
(6.3)
22.1
(35 223)
(36 716)
(4.1)
7.6
Net finance cost
(14 448)
(18 233)
(20.8)
(12.5)
Hyperinflationary monetary gain
275
1 582
Share of results of associates and joint ventures after tax
2 054
Profit before tax
28 816
1 142
29 086
Improvement driven by MTN Irancell
Income tax expense
(11 822)
(9 439)
(0.9)
25.2
Impacted by non-deductible
expenses & WHT
Profit after tax
Non-controlling interests
Attributable profit
EPS (cents)
16 994
19 647
(3 244)
(2625)
13 750
17 022
(19.2)
763
946
(19.3)
HEPS (cents)
987
749
31.8
Adjusted HEPS (cents)
DPS (cents)
1 110
300
877
26.6
HEPS impacted by non-
operational items totalling
123 cents per share
*Constant currency view is shown at 2021 rates on an IFRS 16 basis and excludes the impact of hyperinflation and after the impact of adjusting for pro-forma adjustments
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