Investor Presentaiton
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Operational backdrop
Macroeconomic pressures
Consumer spend impacted by inflationary
pressures
Operating performance
Strong execution of our strategy
Resilient sector and strong execution
delivers strong revenue growth
Inflationary challenges
Rising energy costs a key driver of
operating cost increase
EBITDA margin improvement
Opex optimization through contract
renegotiations and other initiatives.
airtel | Africa
Currency volatility
4.0% average devaluation in H1'23, with
5.8% average devaluation in Q2'23
Resilient financial trends
Strong constant, and double-digit reported
currency revenue growth
Strong
execution in
challenging
environment
FX liquidity and rising rates
Limited availability of $, particularly in
Nigeria
Note: Average devaluation is the difference between constant currency and reported currency revenue growths.
Upstreaming & Holdco debt reduction
Strong upstreaming and de-risking of balance
sheet
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