Mobile TeleSystems PJSC: MTS Announces Q4 & FY 2021 Results
- FY 2021 Consolidated Group Revenue increased 8.0% year-over-year to RUB 534.4 bn.
- FY 2021 Group Adjusted OIBDA increased 6.6% year-over-year to RUB 229.4 bn.
- FY 2021 Group Net Profit increased 3.4% year-over-year to RUB 63.5 bn.
MOSCOW, RUSSIA / ACCESSWIRE / March 3, 2022 / Mobile TeleSystems Public Joint Stock Company ("MTS" or "the Company") (NYSE:MBT); (MOEX:MTSS), Russia's largest mobile operator and a leading provider of media and digital services, announces its fourth-quarter and full-year 2021 financial and operating results.
For the full-year, the Company delivered robust performance in line with its previously provided guidance for 2021. Group Revenue in 2021 increased 8.0% year-over-year to reach RUB534.4bn, with top-line contributions across all segments, including Telecom, Fintech, and Media. FY 2021 Group Adjusted OIBDA increased 6.6% year-over-year to RUB 229.4 bn on the back of solid business performance in Telecom, Fintech, and Media, among other impacts.
Group Net Profit increased 3.4% year-over-year in 2021 to reach RUB 63.5 bn, driven primarily by core business performance and a significant positive impact from Fintech, which more than overcame negative impacts. Group Cash CAPEX in 2021 amounted to RUB 111.0 bn.
Viacheslav Nikolaev, President & CEO, commented: "2021 was landmark year for MTS as we accelerated our progress in priority directions - most notably deepening engagement across our expanding digital ecosystem. Overall, I am happy to report we delivered a robust set of financial results from the top to the bottom line. We had a key strategic breakthrough in Media with the launch of our KION platform, and in Fintech, MTS Bank is rapidly achieving significant standalone scale with a proven business model. And in Telecom, we continued to build on our track record of solid, sustainable growth in mobile and fixed-line connectivity. These achievements once more demonstrate our continued successful execution of our long-term strategy to drive lifetime value across our established client base of tens of millions of customers."
Consolidated MTS Group key figures [1] (RUB bn)
| 4Q21 | 4Q20 | Change, % | FY 21 | FY 20 | Change, % | |||||||||||||||||||
Revenue | 143.7 | 133.7 | 7.5 | % | 534.4 | 494.9 | 8.0 | % | ||||||||||||||||
o/w Russia | 140.1 | 130.0 | 7.7 | % | 521.0 | 483.0 | 7.9 | % | ||||||||||||||||
Adjusted OIBDA [2] | 55.5 | 52.5 | 5.7 | % | 229.4 | 215.2 | 6.6 | % | ||||||||||||||||
o/w Russia | 54.4 | 51.2 | 6.3 | % | 224.4 | 210.0 | 6.8 | % | ||||||||||||||||
Operating profit | 25.8 | 26.1 | -1.2 | % | 118.3 | 112.9 | 4.8 | % | ||||||||||||||||
Profit attributable to owners of the Company | 13.6 | 13.1 | 3.9 | % | 63.5 | 61.4 | 3.4 | % | ||||||||||||||||
Cash CAPEX [3] | 22.8 | 33.2 | -31.4 | % | 111.0 | 96.9 | 14.5 | % | ||||||||||||||||
Net debt [4] | 389.5 | 317.6 | 22.6 | % | ||||||||||||||||||||
Net debt / LTM Adjusted OIBDA | 1.7 | 1.5 | n/a | |||||||||||||||||||||
2021 highlights | ||||||||||||||||||||||||
Operating cash flow | 142.8 | 155.5 | -8.1 | % | ||||||||||||||||||||
Free cash flow ex-Bank & cash proceeds from sale of VF Ukraine | 53.9 | 62.1 | -13.2 | % | ||||||||||||||||||||
[1] Financials for 2020 have been restated due to the deconsolidation of NVision Group.
[2] Adjusted OIBDA for 4Q2020 and 2020 doesn't include a loss from impairment of non-current assets of RUB 808 m and RUB 2,088 m respectively.
[3] Net of cash proceeds under sharing agreement.
[4] Excluding lease obligations.
SOURCE: Mobile TeleSystems PJSC
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