MTS Announces Q4 & FY 2021 Results
March 3, 2022
- 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, 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 RUB 534.4 bn, 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%
|