Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q2 2012 Earnings Presentation
18 slides from Magyar Telekom Telecommunications's earnings presentation, Aug 9, 2012
Slide 1: Q2 2012 Results Magyar Telekom Group
Q2 2012 Results Magyar Telekom Group Strong market position maintained, but difficult economic environment puts increasing pressure on EBITDA 1
Slide 2: Q2 2012 highlights
Q2 2012 highlights ggrowth in SI/IT / and energygy resale revenues Revenues higher mobile equipment, TV and mobile internet revenues up by 1.3% international subsidiaries’ performance was flat thanks to HUF weakening Underlying deteriorating economic outlook negatively impacting customer’s t
Slide 3: 2012 Q2 Group results – Revenues and EBITDA
2012 Q2 Group results – Revenues and EBITDA Group revenues Group EBITDA HUF million HUF million 148 000 56 000 10 633 4 912 Underlying performance 3 138 831 54 000 146 000 1 45 462 52 000 1 473 144 000 1 43 566 2 644 2 672 50 000 820 49 625 142 000 48 000 2 570 668 46 000 718 44 557 140 000 745 44 0
Slide 4: Telekom Hungary – energy resale compensates for voice loss
Telekom Hungary –energy resale compensates for voice loss Fixed line and Energy resale revenues Mobile revenues HUF million HUF million 60 000 +2% 80 000 -3% 45 440 46 379 58 536 56 777 45 000 60 000 10 034 9 804 7 745 4 629 384 3 056 10 997 12 114 30 000 6 942 7 371 Other 40 000 10 233 10 304 Energ
Slide 5: Hungary -- Mobile voice: increased market share
Hungary -- Mobile voice: increased market share Mobile voice market shares (based on total SIM cards) Subscribers 15,000,000 -1% 11,703,221 11,527,858 , , 12 000 000 12,000,000 Mobile voice 22.6% 22.8% 9,000,000 population-based penetration at 116% 32.9% 31.3% 6,000,000 higher market share, slig
Slide 6: Hungary -- Mobile broadband: continued dynamic growth
Hungary -- Mobile broadband: continued dynamic growth Mobile broadband market shares (based on total SIM cards) Subscribers +62% 3,000,000 2 525 212 2,525,212 2,500,000 23.7% Mobile broadband 2,000,000 1,561,332 28.4% already 770 HSPA+ base stations offering 21 1,500,000 26.2% Mbps download speed
Slide 7: Hungary -- improvement in fixed voice churn
Hungary -- improvement in fixed voice churn Telekom Hungary fixed voice subscribers Subscribers Hungary fixed voice churn 2,500,000 -4% 2,000,000 , , Fixed voice 1,633,276 1,569,246 1,500,000 significant reduction in fixed voice 1,000,000 churn thanks to the retention effect of: VoCa oppá pac Ho
Slide 8: Hungary – Energy resale business as major growth driver
Hungary – Energy resale business as major growth driver Gas and electricity points of delivery (POD) PODs 90,000 87,819 75,000 61,516 Energy resale 60,000 Gas 45,000 Electricity soft launch in 2010, nationwide from April 35,262 2012 30,000 24,628 11,080 15,226 customers get 5-8% discounts on the
Slide 9: Hungary -- Fixed broadband: solid market position
Hungary -- Fixed broadband: solid market position Fixed broadband market shares in Hungary Hungary* Subscribers +7% 2,500,000 2,118,000 1,982,000 2,000,000 18 5% 18.5% 20.5% Fi d broadband Fixed b db d 9.8% 1,500,000 10.0% Other 12.2% 13.2% market growth driven by cable and fiber, Invitel 1,000,00
Slide 10: Hungary -- TV market: strong subscriber growth
Hungary -- TV market: strong subscriber growth TV market shares in Hungary Hungary* Subscribers 4,000,000 +1% 3,177,000 3,209,000 3 000 000 3,000,000 27.6% 24.5% TV customer growth 2,000,000 22.9% 23.3% significant migration from cable to IPTV Other 23 7% 23.7% 25.2% DIGI driven by ED3 ED3-enabled
Slide 11: T-Systems Hungary – strong growth in SI/IT revenues
T-Systems Hungary – strong growth in SI/IT revenues Revenues HUF million +5% T-Systems Hungary 30,000 27,597 26 229 26,229 Falling voice and data revenues 25,000 39.9% 49.6% lower usage both on fixed and mobile 20,000 networks 15,000 continued pressure on tariff levels 31.6% 10,000 28.9% SI/IT G
Slide 12: Macedonia – Financial performance
Macedonia – Financial performance Revenues Macedonia HUF million -4% Significant FX impact: HUF weakened by 10.4% 18,000 17,023 Q2-o-Q2 against MKD 16,330 15,000 11.0% 11 0% 11.0% Mobile revenues under pressure 12,000 strong price competition 41.5% 40.4% MOU up due to increasing volume of 9,000
Slide 13: Montenegro – Financial performance
Montenegro – Financial performance Revenues Montenegro HUF million 10,000 +6% Significant FX impact: HUF weakened by 10.5% Q2- 88,249 249 o-Q2 against EUR 7,782 8,000 11.0% Competitive mobile market 10.4% lower wholesale revenues driven by cuts in 6,000 33.7% 35.9% interconnection tariffs in 2011
Slide 14: Financials
Financials 14
Slide 15: Magyar Telekom – Consolidated Income Statement
Magyar Telekom – Consolidated Income Statement HUF million 2Q 2011 2Q 2012 Change Mobile revenues 75,798 74,799 -1.3% Fixed line revenues 58,086 55,171 -5.0% System Integration/Information Technology revenues 9,298 12,436 33.7% Revenue from Energy Services 384 3,056 Revenues 143,566 145,462 1.3% Dir
Slide 16: Magyar Telekom - Consolidated Balance Sheet
Magyar Telekom - Consolidated Balance Sheet HUF million Dec 31, 2011 June 30, 2012 Change Current assets 220,396 220 396 183,176 183 176 -16.9% 16 9% Cash and cash equivalents 14,451 11,992 -17.0% Other current financial assets 65,286 36,461 -44.2% Non current assets 877,632 851,077 -3.0% Property,
Slide 17: Magyar Telekom - Consolidated Cashflow Statement
Magyar Telekom - Consolidated Cashflow Statement HUF million June 30, 2011 June 30, 2012 Change Net cash generated from operating activities 95,464 63,559 -33.4% Investments in tangible and intangible assets (26,656) (40,181) 50.7% Adjustments to cash purchases (7,948) (13,881) 74.6% P h off subsidi
Slide 18: For further questions please contact the IR department
For further questions please contact the IR department: Investor Relations Phone: +36 1 458-0423 Fax: +36 1 458-0443 e-mail: investor.relations@telekom.hu Abbreviations: 3G: third generation, 4G: fourth generation, ARPU: average revenue per user, BB: broadband, CUG: closed user group, HQ: headquarte