Investor Presentaiton
Glossary
Technical and Industry Terms
4G data customer
Airtel Money (mobile
money)
Airtel Money ARPU
Airtel Money customer
base
Airtel Money customer
penetration
Airtel Money transaction
value
Airtel Money transaction
value per customer per
month
Airtime credit service
ARPU
Average customers
Capital expenditure
Constant currency
Customer
Customer base
Data ARPU
Data customer base
A customer having a 4G handset and who has used at least 1 MB on any of the Group's GPRS, 3G & 4G network in
the last 30 days.
Airtel Money is the brand name for Airtel Africa's mobile money products and services. The term is used
interchangeably with 'mobile money' when referring to our mobile money business, finance, operations and
activities.
Mobile money average revenue per user per month. This is derived by dividing total mobile money revenue during
the relevant period by the average number of active mobile money customers and dividing the result by the
number of months in the relevant period.
Total number of active subscribers who have enacted any mobile money usage event in last 30 days.
The proportion of total Airtel Africa active mobile customers who use mobile money services. Calculated by dividing
the mobile money customer base by the Group's total customer base.
Any financial transaction performed on Airtel Africa's mobile money platform.
Calculated by dividing the total mobile money transaction value on the Group's mobile money platform during the
relevant period by the average number of active mobile money customers and dividing the result by the number of
months in the relevant period.
A value-added service where the customer can take an airtime credit and continue to use our voice and data
services, with the credit recovered through subsequent customer recharge. This is classified as a Mobile Services
product (not a Mobile Money product).
Average revenue per user per month. This is derived by dividing total revenue during the relevant period by the
average number of customers during the period and dividing the result by the number of months in the relevant
period.
The average number of active customers for a period. Derived from the monthly averages during the relevant
period. Monthly averages are calculated using the number of active customers at the beginning and the end of each
month.
An alternative performance measure (non-GAAP). Defined as investment in gross fixed assets (both tangible and
intangible but excluding spectrum and licences) plus capital work in progress (CWIP), excluding provisions on CWIP
for the period.
The Group has presented certain financial information that is calculated by translating the results for the current
financial year and previous financial years at a fixed 'constant currency' exchange rate, which is done to measure
the organic performance of the Group. Growth rates for reporting regions and service segments are in constant
currency as it better represents the performance of the business. Constant currency growth rates for prior periods
are calculated using closing exchange rates as at the end of prior period.
Defined as a unique active subscriber with a unique mobile telephone number who has used any of Airtel's services
in the last 30 days.
The total number of active subscribers that have used any of our services (voice calls, SMS, data usage or mobile
money transaction) in the last 30 days.
Data average revenue per user per month. Data ARPU is derived by dividing total data revenue during the relevant
period by the average number of data customers and dividing the result by the number of months in the relevant
period.
The total number of subscribers who have consumed at least 1 MB on the Group's GPRS, 3G or 4G network in the
last 30 days.
Data customer penetration customer base.
The proportion of customers using data services. Calculated by dividing the data customer base by the total
Data usage per customer
per month
Digitalisation
Diluted earnings per share
Earnings per share (EPS)
Foreign exchange rate
movements for non-DTA
operating companies
and holding companies
Calculated by dividing the total MBs consumed on the Group's network during the relevant period by the average
data customer base over the same period and dividing the result by the number of months in the relevant period.
We use the term digitalisation in its broadest sense to encompass both digitisation actions and processes that
convert analogue information into a digital form and thereby bring customers into the digital environment, and the
broader digitalisation processes of controlling, connecting and planning processes digitally; the processes that effect
digital transformation of our business, and of industry, economics and society as a whole through bringing about
new business models, socio-economic structures and organisational patterns.
Diluted EPS is calculated by adjusting the profit for the year attributable to the shareholders and the weighted
average number of shares considered for deriving basic EPS, for the effects of all the shares that could have been
issued upon conversion of all dilutive potential shares. The dilutive potential shares are adjusted for the proceeds
receivable had the shares actually been issued at fair value. Further, the dilutive potential shares are deemed
converted as at beginning of the period, unless issued at a later date during the period.
EPS is calculated by dividing the profit for the period attributable to the owners of the company by the weighted
average number of ordinary shares outstanding during the period.
Foreign exchange rate movements are specific items that are non-tax deductible in a few of our operating entities,
hence these hinder a like-for-like comparison of the Group's effective tax rate on a period-to-period basis and are
therefore excluded when calculating the effective tax rate.
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