Business description: MTN Group Limited

MTN Group Limited is one of the leading South African mobile telecommunication operators. Net sales break down by activity as follows:

- mobile telecommunication services (92%);

- sale of cell phones and accessories (5.4%);

- other (2.6%).

Net sales are distributed geographically as follows: South Africa (26.7%), Nigeria (33.1%), Ghana (10.6%), Côte d'Ivoire (4.9%), Uganda (4.7%), Cameroon (4%), Sudan (1.2%) and other (14.8%).

Sales by Activity: MTN Group Limited

Fiscal Period: December 2020 (ZAR) 2021 (ZAR) 2022 (ZAR) 2023 (ZAR) 2024 (ZAR)

Wireless Communications Services

18TCr 18TCr 21TCr 22TCr 19TCr

Geographical breakdown of sales: MTN Group Limited

Fiscal Period: December 2020 (ZAR) 2021 (ZAR) 2022 (ZAR) 2023 (ZAR) 2024 (ZAR)

South Africa

4.55TCr 4.87TCr 5.06TCr 5.18TCr 5.26TCr

Nigeria

5.8TCr 6TCr 7.73TCr 7.43TCr 4.1TCr

Unallocated

- 1.91TCr 2.59TCr 2.68TCr 2.75TCr

Ghana

1.72TCr 1.92TCr 1.8TCr 2.08TCr 2.26TCr

Uganda

832Cr 854.9Cr 1.01TCr 1.32TCr 1.55TCr

Other West and Central Africa (WECA)

1.22TCr 1.27TCr 1.36TCr 1.61TCr 1.49TCr

Cameroon

668.6Cr 724.4Cr 772.7Cr 990.5Cr 1.11TCr

Côte D’Lvoire

877.6Cr 890.3Cr 891.8Cr 1.03TCr 940.2Cr

Other South and East Africa (SEA)

- 597.7Cr 590Cr 627.4Cr 905.3Cr

Sudan

673.5Cr 222.6Cr 403.2Cr 348.4Cr 79Cr

Afghanistan

- 209.2Cr 218Cr 262.4Cr 50Cr

Other South and East Africa and Ghana (SEAGHA)

846.9Cr - - - -

Head Offices, Globalconnect and Eliminations

90Cr - - - -

South Sudan

16Cr - - - -

Other Middle East and North Africa (MENA)

482.2Cr 223.2Cr - - -

Syria

162.6Cr - - - -

Zambia

- 242.9Cr 331.6Cr 346.5Cr -

Eliminations

- -1.77TCr -2.06TCr -1.79TCr -1.69TCr

Executive Committee: MTN Group Limited

Manager TitleAgeSince
Chief Executive Officer 54 01/09/2020
Director of Finance/CFO 58 01/04/2021
Chief Executive Officer - 01/01/2022
Corporate Officer/Principal 52 01/04/2024
Chief Tech/Sci/R&D Officer 55 01/02/2022

Composition of the Board of Directors: MTN Group Limited

Director TitleAgeSince
Director/Board Member 68 01/08/2016
Director/Board Member 62 01/08/2016
Director/Board Member 54 03/04/2017
Chairman 66 15/12/2019
Director/Board Member 72 01/07/2018
Director/Board Member 65 01/07/2019
Director/Board Member 68 01/07/2019
Director/Board Member 56 16/09/2020
Director/Board Member 62 01/04/2021
Director/Board Member 63 01/04/2021

Shareholders: MTN Group Limited

NameEquities%Valuation
Public Investment Corporation (SOC) Ltd.
19.98 %
36,63,36,392 19.98 % 4 133 M R
5.94 %
10,89,29,015 5.94 % 1 229 M R
4.19 %
7,68,35,378 4.19 % 867 M R
M&G Investment Managers (Pty) Ltd.
1.518 %
2,78,31,885 1.518 % 314 M R
Satrix Managers (RF) Pty Ltd.
0.8012 %
1,46,90,781 0.8012 % 166 M R
NameEquities%Valuation
Yousif Capital Management LLC
0.001321 %
24,229 0.001321 % 273 344 R
Banor Capital Ltd.
0.001292 %
23,700 0.001292 % 267 376 R
FCA Corp.
0.000982 %
18,000 0.000982 % 203 071 R
MBH Investment Fund Management Private Ltd. Co.
0.000164 %
3,000 0.000164 % 33 845 R
RhumbLine Advisers LP
0.00008 %
1,476 0.00008 % 16 652 R

Holdings: MTN Group Limited

NameEquities%Valuation
15,40,86,41,560 73.39% 6 345 M $
9,53,52,13,597 72.04% 3 656 M $
17,01,90,04,616 76.01% 1 716 M $
8,51,76,719 25.54% 681 M $

Company details: MTN Group Limited

MTN Group Ltd.

Innovation Centre

2195, Fairland

+27 83 912 3000

http://www.mtn.com
address MTN Group Limited(MTN)

Group companies: MTN Group Limited

NameCategory and Sector
Financial Conglomerates
Financial Conglomerates

Wireless Telecom

Change 5d. change 1-year change 3-years change Capi.($)
+1.88%+2.51%+67.71%+34.26% 2.2TCr
+0.11%-0.61%+18.69%+162.14% 13TCr
-0.52%-0.70%+6.31%+38.65% 6.58TCr
+1.01%+4.15%-9.38%-23.86% 2.24TCr
+1.33%+0.10%+32.17%-21.12% 2.03TCr
+1.70%+8.53%+50.22%+102.74% 1.42TCr
-0.15%-0.58%+19.58%+102.97% 1.41TCr
+3.22%+4.41%+34.35%+50.96% 1.37TCr
-0.54%+1.43%+2.45%+35.29% 1.05TCr
+0.78%+7.67%+80.45%+35.15% 1TCr
Average +0.89%+2.65%+30.25%+51.72% 3.26TCr
Weighted average by Cap. +0.43%+1.51%+21.85%+86.65%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
191.76ZAR
Average target price
193.62ZAR
Spread / Average Target
+0.97%

Annual profits - Rate of surprise

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