Mobile TeleSystems PJSC: MTS Announces Q4 & FY 2021 Results

Rhea-AI Summary

Mobile TeleSystems (MBT) reported a solid financial performance for FY 2021, with consolidated group revenue growing 8.0% year-over-year to RUB 534.4 billion. The adjusted OIBDA increased 6.6% to RUB 229.4 billion, and net profit rose 3.4% to RUB 63.5 billion, driven by strong contributions from Telecom, Fintech, and Media. The company maintained cash CAPEX at RUB 111.0 billion, indicating strategic investment for future growth.

Positive

• Revenue grew 8.0% YoY to RUB 534.4 billion.
• Adjusted OIBDA increased 6.6% YoY to RUB 229.4 billion.
• Net profit rose 3.4% YoY to RUB 63.5 billion.

Negative

• Operating cash flow decreased by 8.1%.
• Free cash flow ex-Bank declined by 13.2%.

• 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

View source version on accesswire.com:
https://www.accesswire.com/691390/Mobile-TeleSystems-PJSC-MTS-Announces-Q4-FY-2021-Results

FAQ

What were Mobile TeleSystems' (MBT) revenue figures for FY 2021?

Mobile TeleSystems reported a revenue of RUB 534.4 billion for FY 2021, reflecting an 8.0% increase year-over-year.

How did Mobile TeleSystems (MBT) perform in terms of net profit in FY 2021?

The net profit for Mobile TeleSystems in FY 2021 was RUB 63.5 billion, a 3.4% increase from the previous year.

What is the adjusted OIBDA of Mobile TeleSystems (MBT) for FY 2021?

Mobile TeleSystems reported an adjusted OIBDA of RUB 229.4 billion for FY 2021, marking a 6.6% year-over-year increase.

What were the main segments contributing to Mobile TeleSystems' (MBT) revenue growth?

The revenue growth for Mobile TeleSystems in FY 2021 was driven by contributions from Telecom, Fintech, and Media segments.