Investor Presentation 2021
Capital Expenditure Trend
43
Total Capital Expenditure (Capex)
CFO/Capex Ratio
Investor Presentation 2021 | stc group
12
25%
30
10
20%
25
2.01
1.96
20.91%
8
20
18.78%
18.39%
15%
3.00
2.61
2.40
1.80
6
15.67%
15
10%
0.87
1.20
4
10
5%
0.60
2
5
7.94
9.76
11.37
10.84
15.92
19.13
9.92
28.32
0
0%
0
0.00
2017
2018
2019
2020
2017
2018
2019
2020
ICFO
CFO/Capex Ratio
Capex
Capex/ Revenue
Free Cash-Flow (EBITDA-Capex)
10.49
10.08
9.90
Capex/ Depreciation & Amortization Ratio
11.25
1.29
1.29
1.16
1.07
III
2017
2018
2019
2020
2017
2018
2019
2020
→ In Q4, 2018 stc had a
financial dispute with
the Regulator entailing
the reversion of
provisions on quarterly
basis for 3 years (ending
in 2020) subject to
meeting certain KPIs of
Capex requirement.
→ The investment is mainly
focused on the
infrastructure of the
country for example
increasing the speed of
4G, 5G rollout, Wi-Fi
spots, spreading the
fiber and increasing its
speed...etc.
→ The government
provisions came to an
end. Therefore, Capex
levels will experience a
decline going forward.
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