MTN Rwandacell Company Overview

Attractive Return Profile | Financial Snapshot Revenue (FRw bn) Source: Notes: 103 2018 CAGR +21.6% 125 2019 Expenses (FRw bn) CAGR +2.8% 152 72 22 74 76 6 60 60 60 64 Opex EBITDA & Capex 29.2% 40.6% 49.0% EBITDA margin 21.9% 21.7% 14.9% Capex Intensity CAGR +57.4% (FRw bn) 74 EBITDA (1) 51 24 30 8 23 13 14 12 Cost of sales 2020 2018 2019 2020 Company information. (1) Defined as Earnings Before Interest, Tax, Depreciation and Amortisation (2) Defined as EBITDA less Capex 34 52 52 FCF(2) 27 27 Capex 23 2018 2019 2020 MTN

View entire presentation