MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

KEY FIGURES, GROUP STRATEGY AND RISK FACTORS

2017 key figures

1

A DIVIDEND UP 1.9% IN LINE WITH THE GROWTH IN RESULTS

GROUP SHARE OF ADJUSTED NET INCOME (in MADbmillion)

CFFO ADJUSTED BY GEOGRAPHIC AREA (in MADbmillions)

5,871

5,595 5,622

12,074

11,019

10,686

4,572 International

3,700 International

3,563 International

7,502 Morocco

7,124 Morocco

7,319 Morocco

2015

2016

2017

2015

2016

2017

CUSTOMER BASE BY GEOGRAPHICAL AREA (inbthousandsbofbcustomers)

CAPITAL EXPENDITURE (in MADbmillion)

56,997

54,015

8,835

50,811

8,232

7,983

35,376 International

3,643 International

32,760 International

4,077 International

29,794 International

4,043 International

21,017 Morocco

21,255 Morocco

21,620 Morocco

4,792 Morocco

3,905 Morocco

4,589 Morocco

2015

2016

2017

2015

2016

2017

13

MAROC TELECOM ____ 2017 Registration Document