Investor Presentaiton
Indefeasible Rights of Use
(IRU)
Information and
communication
technologies (ICT)
Interconnect user charges
(IUC)
Lease liability
Leverage
Minutes of usage
Mobile services
Net debt
Net debt to EBITDA (LTM)
Network towers or 'sites'
A standard long-term leasehold contractual agreement that confers upon the holder the exclusive right to use a
portion of the capacity of a fibre route for a stated period.
ICT refers to all communication technologies, including the internet, wireless networks, cell phones, computers,
software, middleware, videoconferencing, social networking, and other media applications and services.
Interconnect user charges are the charges paid to the telecom operator on whose network a call is terminated.
Lease liability represents the present value of future lease payment obligations.
An alternative performance measure (non-GAAP). Leverage (or leverage ratio) is calculated by dividing net debt at
the end of the relevant period by the EBITDA for the preceding 12 months.
Minutes of usage refer to the duration in minutes for which customers use the Group's network for making and
receiving voice calls. It includes all incoming and outgoing call minutes, including roaming calls.
Mobile services are our core telecom services, mainly voice and data services, but also including revenue from
tower operation services provided by the Group and excluding mobile money services.
An alternative performance measure (non-GAAP). The Group defines net debt as borrowings including lease
liabilities less cash and cash equivalents, term deposits with banks, processing costs related to borrowings and fair
value hedge adjustments.
An alternative performance measure (non-GAAP) Calculated by dividing net debt as at the end of the relevant
period by EBITDA for the preceding 12 months (from the end of the relevant period). This is also referred to as the
leverage ratio.
Physical network infrastructure comprising a base transmission system (BTS) which holds the radio transceivers
(TRXS) that define a cell and coordinates the radio link protocols with the mobile device. It includes all ground-
based, roof top and in-building solutions.
Operating company (or OpCo) is a defined corporate business unit, providing telecoms services and mobile money
Operating company (OpCo) services in the Group's footprint.
Operating free cash flow
Operating leverage
Operating profit
Other revenue
Reported currency
Smartphone
Smartphone penetration
Total MBs on network
EBIT
EBITDA
EBITDA margin
Revenue
Unstructured
Supplementary Service
Data
An alternative performance measure (non-GAAP). Calculated by subtracting capital expenditure from EBITDA.
An alternative performance measure (non-GAAP). Operating leverage is a measure of the operating efficiency of the
business. It is calculated by dividing operating expenditure (excluding regulatory charges) by total revenue.
Operating profit is a GAAP measure of profitability. Calculated as revenue less operating expenditure (including
depreciation and amortisation and operating exceptional items).
Other revenue includes revenues from messaging, value added services (VAS), enterprise, site sharing and handset
sale revenue.
Our reported currency is US dollars. Accordingly, actual periodic exchange rates are used to translate the local
currency financial statements of OpCos into US dollars. Under reported currency the assets and liabilities are
translated into US dollars at the exchange rates prevailing at the reporting date whereas the statements of profit
and loss are translated into US dollars at monthly average exchange rates.
A smartphone is defined as a mobile phone with an interactive touch screen that allows the user to access the
internet and additional data applications, providing additional functionality to that of a basic feature phone which is
used only for making voice calls and sending and receiving text messages.
Calculated by dividing the number of smartphone devices in use by the total number of customers.
Total MBs consumed (uploaded & downloaded) by customers on the Group's GPRS, 3G and 4G network during the
relevant period.
Defined as operating profit/(loss) for the period adjusted for exceptional items.
An alternative performance measure (non-GAAP). Defined as operating profit before depreciation, amortisation and
exceptional items.
An alternative performance measure (non-GAAP). Calculated by dividing EBITDA for the relevant period by revenue
for the relevant period.
An alternative performance measure (non-GAAP). Defined as revenue before exceptional items.
Unstructured Supplementary Service Data (USSD), also known as "quick codes" or "feature codes", is a
communications protocol for GSM mobile operators, similar to SMS messaging. It has a variety of uses such as WAP
browsing, prepaid callback services, mobile-money services, location-based content services, menu-based
information services, and for configuring phones on the network.
Voice minutes of usage per Calculated by dividing the total number of voice minutes of usage on the Group's network during the relevant
customer per month
period by the average number of customers and dividing the result by the number of months in the relevant period.
The weighted average number of shares is calculated by multiplying the number of outstanding shares by the
portion of the reporting period those shares covered, doing this for each portion and then summing the total.
Weighted average number
of shares
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