Page 190 - 2012 Annual Report

190 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
I - 2012 FINANCIAL REPORT
SECTION 4 BUSINESS SEGMENT PERFORMANCE ANALYSIS
4.2.4. Maroc Telecom Group
(in millions of euros, except for margins)
Year ended December 31,
2012 2011 % Change
% Change at
constant rate
Mobile service revenues 1,529 1,615 -5.3% -6.6%
Equipment sales, net 45 67 -32.8% -33.8%
Mobile 1,574 1,682 -6.4% -7.7%
Broadband Internet and Fixed 601 660 -8.9% -10.3%
Intercompany elimination (87) (119) na* na*
Morocco 2,088 2,223 -6.1% -7.4%
International 638 539 +18.4% +17.7%
Intercompany elimination (37) (23) na* na*
Total Revenues 2,689 2,739 -1.8% -3.0%
Total EBITDA 1,505 1,500 +0.3% -0.9%
EBITDA margin rate (%) 56.0% 54.8% +1.2 pt
Morocco 830 1,000 -17.0% -18.1%
International 157 89 +76.4% +75.1%
Total EBITA 987 1,089 -9.4% -10.5%
Restructuring charges (79) - na*
EBITA excluding restructuring charges 1,066 1,089 -2.1%
Margin rate (%) 39.6% 39.8% -0.2 pt
Capital expenditures, net (capex net) 457 466 -1.9%
Cash flow from operations (CFFO) 1,066 1,035 +3.0%
Morocco
Number of mobile customers (in thousands)
Prepaid 16,656 16,106 +3.4%
Postpaid 1,199 1,019 +17.7%
Total 17,855 17,126 +4.3%
Mobile ARPU (in MAD/month) 79 87 -9.2%
MoU (in min/month) 122 85 +43.5%
Mobile churn rate (in %/year) (a) 20.8% 23.3% -2.5 pts
Postpaid 15.5% 13.4% +2.1 pts
Prepaid 22.2% 24.8% -2.6 pts
Number of fixed lines (in thousands) 1,269 1,241 +2.3%
Number of Broadband Internet customers (in thousands) (b) 683 591 +15.6%
International
Number of customers (in thousands)
Mobile 12,685 9,626 +31.8%
Fixed 298 299 -0.3%
Broadband Internet 90 99 -9.1%
na*: not applicable.
(a) Excluding the impact of non-recurrent termination of inactive customers.
(b) Includes narrowband and leased line accesses.