Thank you, Faisal. Welcome, everyone. I appreciate you joining us today for our Q2 results for 2024. I am excited to highlight the robust growth in U.S. dollar revenues. In the second quarter of 2024, we grew by 12.1% year-on-year in U.S. dollars, marking a strong acceleration from the 6.6% growth recorded in Q1 and 1% in Q4 of 2024. Group EBITDA recorded double-digit growth in dollars as well, increasing by 10.6% in Q2, demonstrating strong momentum compared to 0.2% in Q1. Please remind ourselves that as of this time last year, the weighted average inflation rate across our markets was 17.4%. And in those days, the underlying local currency growth of our business was around 18%. This year, the weighted average inflation in the market is slightly less than 10%, and our trailing local currency growth rate averages around 16%. Now during my presentation, I will concentrate on local currency growth rates, which is a more accurate reflection of the true underlying growth trends and operational achievements across our operating companies. In Q2 2024, we achieved double-digit revenue growth of 15% year-on-year in local currency terms. Service revenues rose at a similar rate, up 14.5% year-on-year on local currency. Local currency EBITDA grew 14% year-on-year. We ended the quarter with a cash position of $722 million, of which $375 million was held at headquarters level. As promised, gross debt has been reduced significantly, decreasing by 23% year-on-year, demonstrating effective cash management. Capital expenditures increased 6% year-on-year, totaling $181 million for the second quarter. CapEx intensity on a 12-month basis came at 18%, which is lower by 1.6 percentage points. I will now provide a brief overview of our service revenue and EBITDA growth across the portfolio for Q2. In Ukraine, Kyivstar is back to single-digit high growth in both local currency service revenue and EBITDA. Revenues grew 9.1% year-on-year. EBITDA grew 9.8% year-on-year in Q2. This reflects the team's dedication to keeping Ukraine and its citizens connected while also maintaining robust business performance. In our Central and South Asian markets, local currency revenue growth for the year remained robust, specifically in larger markets. Pakistan grew service revenue by 22.8% year-on-year, and Kazakhstan grew service revenues by 18.9% year-on-year. For smaller markets, revenue growth ranged from 4.6% in Bangladesh to 12.2% in Uzbekistan. As for EBITDA performance-wise, we saw local currency EBITDA growth ranging from 4.6% in Uzbekistan to an impressive 20% year-on-year in Pakistan and Kazakhstan. Let me highlight some of our 4G and multi-play key performance indicators. We added 10 million 4G customers year-on-year and grew multi-play customers by 6 million. Our digital customers increased to 111 million, growing 47% year-on-year. Penetration among our subscribers rose 6 percentage points to 63%, bringing us closer to our group target of 70%. We see a compounding effect of our 4G and digital operator strategies in our multi-play segment. Expanding 4G access enables us to convert more single-play customers to multi-play subscribers who use both connectivity and our digital services. They spend more time with us; they churn less, and they drive higher revenue generation. In Q2, the multi-play segment revenue represented 50% of our consumer revenues. Growth in multi-play revenue was 36% year-on-year in local currency terms. I want to share with you, on a one-off basis, a cohort analysis based on our multi-play customer segments. Our digital services have two important vectors of growth. Firstly, it is about our connectivity business growing faster due to greater customer data consumption, improved retention, and ARPU expansion. On this chart, we are presenting the impact of tenure of customers staying as multi-play customers. Not only do multi-play customers consume more, churn less, and spend more money with us, but as the multi-play customer stays longer with us, their revenue potential further increases. This is a cohort analysis done as of May, and I think it reflects very well the successful multi-play strategy we are driving to grow our business and ARPU levels. Now the second vector of growth from our digital operator strategy is actually direct digital revenues. I know you have been asking this question for a very long time. What are your digital service revenues directly? Here is the answer to that. Starting from this quarter, we will be disclosing this information on a routine basis. Ten percent of our revenues in the first half of 2024 came from direct digital revenues. Digital services such as financial services, entertainment, education, and health care are super apps in different countries. They engage with customers at a deeper level and generate more revenues—these also create direct digital service revenues, such as loans granted, interest income receipts, or subscriber revenues to specific content or advertising revenues driven by our OTT platforms. All those revenues in Q2 reached $108 million; for the first half, they reached $199 million, representing more than 10% of our total revenues. A year ago, this percentage was only 5%. In Q2, direct digital revenues increased by 83%, which is 10% of our business. Diversification into multiple digital verticals allows us to serve unmet market needs and expand our customer base, reducing dependency on a single segment. Our investments in enterprise digital services, such as ad tech, cloud services, and software development are paying off, positioning us to seize new opportunities. Looking forward, we are committed to enhancing our digital offerings and expanding our presence in these key verticals, driving growth and delivering value to our stakeholders. Let's go over country by country. Let me start with Kyivstar, Ukraine. I am pleased to report that Kyivstar has come back even stronger after the recent cyber-attack in terms of customer retention, activity, and consumption levels. Revenues for Kyivstar increased by 9.5% year-on-year in local currency, with service revenues growing by 9.1% and EBITDA by 9.8%. Direct digital revenues reached 2% of total revenues, growing by 76%. We continue to advance and maintain our market leadership. We have boosted our CapEx by 63% year-on-year to ensure network resilience with power storage and generation capacities installed across key sites. This investment underscores our commitment to network resilience, including deploying over 2,300 generators and 115,000 4-hour duration batteries at base stations to ensure continued service during blackouts. Additionally, this year, we plan to deploy another 850 industrial generators and 62,000 batteries. In Ukraine, we have the single largest health care platform, Helsi, which is the furthest along in terms of our digital health care offerings across our portfolio. It provides online consultations with medical professionals and is a vital part of Kyivstar's digital-operated portfolio. With more than 28 million registered patients, up 11% year-on-year relative to the population of 38 million in Ukraine, we have 74% of the population registered as patients. Helsi has access to 1,600 health care institutions, up 2% year-on-year, and more than 38,000 specialists active on the platform, up 12.5% year-on-year. In Q2 2024, the Helsi platform facilitated 2.3 million appointments through the platform with a 28% increase from the previous year. We have recently launched our subscription service for advanced diagnosis and well-being services. It is already up with 22,000 subscribers and demonstrating a great potential of the platform. Moving to Pakistan, Jazz continues its strong growth trajectory with revenue growth of 24% year-on-year and EBITDA growth of 20%. Pakistan is furthest along with its digital operator journey, with direct digital revenues now reaching 22% of total service revenues, nearly doubling year-over-year. One out of every three customers today are multi-play in Pakistan, and they generate 3.2 times the ARPU. Jazz's multi-play customers generated 40% of its consumer revenue. As a result of higher data consumption per subscriber and strong financial services growth, which further enhances our retention capabilities, ARPU expanded by 30%. The 4G base reached 47.3 million, increasing by 11% year-on-year and reaching 66% penetration. CapEx is up 42% year-on-year as we continue to expand and upgrade our 4G network in accordance with our 4G-for-all strategy. These efforts were previously delayed due to macroeconomic constraints of last year, which are now all resolved. Let me focus a little bit on our financial services business. JazzCash and Mobilink Bank continued to grow profitably. Mobilink's gross loan portfolio expanded by 11%. Total financial revenues grew by 78% year-on-year, with a 52% increase in gross transaction value. Our total gross transaction value now reaches USD 26.5 billion, almost 8% of GDP. The high growth was supported by the continued expansion of our retail distribution network, now reaching more than 380,000 agents and merchants. We are now issuing more than 100,000 microloans every single day, reaching 18 million customers. These figures underscore the robust demand and trust in our financial services, demonstrating JazzCash's strong position in the market and its vital role in facilitating financial inclusion. Let's have a look at Tamasha, our entertainment platform. In the second quarter, Tamasha grew its subscriber base 4.2 times to 18 million. Thanks to ICC Cricket tournaments, user sessions increased 2.8 times and reached 293 million sessions. Tamasha, with its 18 million user base, generated USD 4.5 million in advertising revenue. Due to Tamasha's extensive reach and high engagement, leading brands in Pakistan are increasingly partnering with Tamasha for their advertising strategies. Over the past year, Tamasha has attracted over 50 international and local advertisers, positioning it as a top choice for brand partnerships in the country's local OTT space and media markets. Tamasha is accessible to all mobile users, with 51% of its user base consisting of non-Jazz customers. This makes us a platform of choice for advertisers. Jazz customers who watch Tamasha have an ARPU that is 3.4 times higher than our average single-play voice customers. Moving on to Kazakhstan, Beeline Kazakhstan is the most advanced digital operator in our portfolio. Total revenues and service revenues rose by 19% year-on-year, and EBITDA increased by 20%. Higher ARPU, a growing customer base, and rising consumption of data and digital services supported our solid top line year-on-year growth and margin expansion. Digital direct revenue now makes up 10% of total revenues in Beeline Kazakhstan and grew by 100% year-on-year. 4G penetration stands at 76%, reflecting 4.7 million users, up 16% year-on-year. Multi-play customers reached 3.8 million, an increase of 10% year-on-year, approaching nearly half of our 4G users. These customers again consume our digital services, such as BTV, Simply, IZI, and Heater, and they accounted for 63% of our consumer revenues this quarter. CapEx for the quarter amounted to TWD 8.6 billion, an increase of 19% year-on-year. Beeline Kazakhstan's CapEx budget is allocated to the 250-plus communities project, which aims to expand 4G network coverage, particularly in remote areas and rural areas, enhancing connectivity and supporting community developments. I want to mention IZI, a unique product, a heavily focused mobile entertainment operator in Kazakhstan. As a pioneering application with the highest Net Promoter Score and record-level mobile number portability, IZI is a digital-only operator disguised as an entertainment platform. Its user base increased by 52% year-on-year, reaching almost 600,000. Half of these customers are not Beeline customers. IZI customers who also choose IZI for their connectivity services rose by 50% year-on-year, reaching almost 300,000, and IZI's ARPU is 1.9 times higher than our average ARPU for Beeline. Let me begin with Bangladesh. Our thoughts and prayers are with the people that have suffered over the last 10 days—almost 300 people passed away during the uprising. I'm very glad to see that our company and Bangladesh as a country continue to be resilient. Our commitment to Bangladesh is unwavering. We are committed to serving the people of Bangladesh and ensuring they remain connected to each other and the rest of the world. I'm also glad to see that an interim government is in place, and it is led by someone who is very familiar with the business environment and the expectations of international investors as well as our industry. While in the short term, we have suffered due to network outages and blockages, amounting to almost $10 million in revenue losses, we believe the future of Bangladesh is bright. Banglalink revenues rose by 4% in Q2, and this performance was driven by an expansion in both its local customer base by 6% and increased uptake of digital services. 4G users increased by 18% year-on-year in Q2 in Bangladesh. Our Q2 results compared with the competition show that for the first half, Banglalink remains the fastest-growing telecom operator. The multi-play customer base grew by 8% year-on-year, supporting a 19% increase in revenue. Digital revenues saw a significant increase, reaching almost BDT 251 million, representing 2% of total revenue, up from virtually 0% in previous years. Reported EBITDA increased by 3% year-over-year despite a one-off regulatory charge relating to tower sales proceeds. Rising electricity tariffs and expenses from network expansion are still an important burden, which is expected to lessen over time. Banglalink's capital expenditures were $2.4 billion, a 41% year-on-year decline. This reflects the completion of our 4G network rollout during 2022 and 2023. Over the last 18 months, the network footprint has grown by 50%, with more than 15,000 sites now actively providing high-speed 4G connectivity across the country. This will continue to allow us to provide the best service to existing and new customers. Toffee is our leading Bangladeshi mobile entertainment platform, very similar to Tamasha. Toffee continues to maintain a healthy user base, with monthly active users reaching 12.3 million in the second quarter, up 37%. Toffee is available to all mobile customers in the country, and currently, 76% of Toffee users are not Banglalink customers. This total number of sessions watched by users reached 86 million in the quarter. Banglalink customers who use Toffee generate 2.8 times the ARPU of a single-play voice customer. It continues to illustrate the great potential of this digital service. As the limitations on broadcasting live TV are removed, we expect growth to accelerate over the next 12 months. Turning to Uzbekistan, Beeline Uzbekistan achieved 13% year-on-year local currency top line growth. This performance was driven by 4G subscriber growth and higher demand for Beeline data and digital services. This supports ARPU growth of 17% year-on-year. Beeline Uzbekistan now exceeds our 70% 4G penetration target, with 74% of the customer base consuming 4G data. The 4G user base reached 6 million users during the quarter, a 1% year-on-year increase. EBITDA for Beeline decreased by 6%, primarily due to higher energy costs and investments in network expansion, as expected. The decline was also impacted by increased investments in our FTTH users and higher license and frequency costs. Excluding these impacts, organic EBITDA growth would have been positive. CapEx reached 212 billion Uzbek sums, a reduction of 35% year-on-year. This decrease follows an extensive network investment period, focusing on enhancing 4G coverage and improving network quality across Uzbekistan. Let me also mention our second brand, OQ, which means transparency in the Uzbek language. We continue to expand our DO1440 digital operator portfolio. In Uzbekistan, we have launched OQ as Uzbekistan's only digital-first operator. OQ has quickly become a popular choice, with multi-active users reaching 133,000 in a very short time frame, most of which are non-Beeline customers. I'm very glad to see the activity levels in terms of daily activities, especially among the youth population. Looking at our total DO1440 platform, almost 111 million customers are utilizing these services, whether it be in entertainment, financial services, health, learning, communication, and enterprise services, as well as our super apps. These services not only improve our ARPUs and reduce our churn to drive our telecom revenues, but they also now create direct digital revenues reaching 10% of our revenues. I think this is the time that we need to reflect and, on one side, take the milestone as success, but also set ourselves new targets. I want to talk about augmented intelligence for a moment. How can we make a doctor in Dhaka the best doctor? A teacher in Islamabad, the best teacher? An auto mechanic, a farmer, a small business owner, smarter, more efficient? We are excited to make this happen. This is what we call Augmented Intelligence 1440, AI 1440. Augmented intelligence for every single minute of the day. Our intention is to be the number one augmented intelligence partner in the markets for our customers. All our operating companies are working with the leading research institutions in their respective countries to develop small language models and job-specific language models. We can create augmented intelligence-based language-specific models in Punjabi, Urdu, Bengali, Hasak, Uzbek, and Ukrainian to respond to the needs in our markets that are unmatched. There is nothing artificial about AI; there is a way of using augmented intelligence purposefully. I cannot see a better value proposition than offering our customers a better version of themselves, better skills, and better-equipped versions. With that, I will hand it to Joop.
