Airtel Annual Report Summary
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Messages from our leadership Financial highlights Our strategy Our business model Sustainability Corporate responsibility Business reviews Financial review Our governance Downloads EN FR

Connecting the unconnected.
Including the financially excluded.
Bridging the digital divide.

By providing critical services to customers and societies across our continent, Airtel Africa is unlocking the potential for people, businesses and economies to grow.

 

0.4m

Total customers

0

sub-Saharan countries

0.7m

data customers

0.2m

Airtel Money customers

Messages from our leadership

quote

The launch of our sustainability strategy this year is another important step forward for our business, which has shown once again that by consistently focusing on providing essential, inclusive services for our customers, we transform lives and communities while delivering sustainable, profitable growth.

quote

Sunil Bharti Mittal

Chair

quote

The continued strength of our business performance reinforces our belief that serving and empowering customers and their communities is the only way to sustainable success. 

quote

Olusegun Ogunsanya

Chief executive officer

Financial highlights

We operate in 14 dynamic, underpenetrated markets where strong demand drives our continued profitable growth.

 

Underlying revenue

$0m

+21.3%
Underlying EBITDA

$0m

+29.0%
Operating profit

$0m

+37.2%
Profit after tax

$0m

+82.0%
Capex

$0m

+6.9%
Basic earnings per share

0.8 cents

+86.5%

Growth percentages are in reported currency

Read about our performance

Our business model

Our dynamic business model is underpinned by our sustainability strategy and delivers value to stakeholders while transforming lives through digital and financial inclusion.

An efficient network and business structure in 14 markets across sub-Saharan Africa

Delivering outstanding services and products through voice, data and mobile services

Through a unique distribution network that is close to our customers

Offering simple customer journeys and competitive pricing

To reach 128.4 million customers, including 46.7 million data customers and 26.2 million Airtel Money customers

Creating value for our customers, economies, people, communities and shareholders

 

Our strategy

Our ‘Win with’ strategy is underpinned by our sustainability strategy and delivers long-term value for all our stakeholders.

 

Airtel Strategy

Airtel Strategy

 

Read about our strategy

Sustainability

Our sustainability strategy is built around a strong framework that reflects our business and the impact we can have.

The four pillars of our strategy – Our business, Our people, Our community, and Our environment – set out a clear pathway for the business, providing us with focus, and enabling us to set long-term goals and establish detailed programmes to deliver them.

Pillar 1

Our business

Our ambition is to increase digital inclusion in Africa through the expansion and increased reliability of our network. This will provide the connectivity to contribute to the economic growth of individuals, families, communities and nations across the continent.

Pillar 2
Our people

Our ongoing commitment is to provide rewarding employment opportunities and to achieve genuine diversity and inclusion at all levels across the business.

 

 

 

Pillar 3

Our community

Our ambition is to drive digital and financial inclusion and access to education for people and communities across Africa through the provision of data and mobile services underpinned by our network expansion. This is vital to the positive transformation of lives across Africa.

Pillar 4
Our environment

Our ambition is to address and minimise the impact of our operations on the environment. This is critical for the world we live in.

 

 

 

 

Corporate social responsibility

Giving back to the communities where we live and work

Everyone at Airtel Africa feels strongly about supporting projects and activities that make a real difference to the lives of some of the most vulnerable and underserved people on the continent.

Our focus areas are:

Education

Health and wellbeing

health and wellbeing

Disaster relief

diaster relief

Business reviews

Our operations in 14 sub-Saharan African countries offer substantial market potential across voice, data and mobile money services.

Nigeria

Nigeria is our largest single country market. With a growing population of more than 210 million people, demand for data and mobile services is strong and growing stronger.

Underlying revenue

$1,878m

Underlying EBITDA

$1,037m

East Africa

Our six markets in East Africa include the fastest-growing economies in the continent, where our products and services are a gateway to financial and digital opportunity.

Underlying revenue

$1,717m

Underlying EBITDA

$848m

Francophone Africa

Across all our businesses, usage has increased materially, showing how fast the communities we serve are digitising and embracing mobile services.

Underlying revenue

$1,131m

Underlying EBITDA

$464m

Mobile services

We continued to grow our customer base by connecting more people, offering transparent voice and data products that meet their needs, and growing our distribution network so that more customers can access our services effectively and efficiently.

Underlying revenue

$4,294m

Underlying EBITDA

$2,077m

Airtel Money

We continue to prioritise assured float availability and the expansion of our distribution network of exclusive Airtel Money branches and kiosks, as well as our growing multi-brand agent network.

Underlying revenue

$553m

Underlying EBITDA

$270m

Financial review

Strengthening our balance sheet and seizing growth opportunities.

The effective execution of our strategy resulted in a strong performance across all our regional segments and key services this year, enabling us to continue creating value for our stakeholders. The countries we operate in continue to present clear opportunities, both for our growth, and for our vision of enriching the lives of our customers. Our markets remain underpenetrated in both mobile and mobile money services, and our strategy is delivering strong financial results while helping to bridge digital divides and drive financial inclusion.

quote

The countries we operate in continue to present clear opportunities, both for our growth, and for our vision of enriching the lives of our customers. Our dynamic business model continues to deliver value to all our stakeholders.

quote

Jaideep Paul

Chief financial officer

Our governance

Acting with purpose, underpinned by strong governance.

Our Board and executive leadership

We are committed to applying the highest standards of corporate governance, recognising that robust governance and culture underpin business success.

Our leadership

There is a clear division of responsibilities between our chair, who leads the Board, and our CEO, who leads the business. You can read more about the responsibilities of our Board, chair, CEO, senior independent director and company secretary on our website.

Committee reports

We have five main governance committees: Audit and Risk, Remuneration, Nominations, Sustainability, and Market Disclosure. Each committee has written terms of reference which are available on our website.

Our compliance with the UK Corporate Governance Code

With each year that passes post listing, the UK Corporate Governance Code becomes even more embedded in how we think and act at Airtel Africa.

Downloads

Full Annual Report 2021/22

Download the full Annual Report 2021/22 PDF

 

or download individual sections

 

Strategic
report

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Governance
report

Download

Financial
statements

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Business
reviews

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