Slide 1: Form 6-K Telefónica, S.A.
Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May, 2015 Commission File Number: 001-09531 Telefónica, S.A. (Translation of registrant’s na
Slide 2: Table of Contents
Table of Contents Telefónica, S.A. TABLE OF CONTENTS Sequential Page Item Number 1. Telefónica Group: Presentation on quarterly results January-March 2015 2
Slide 3: Results January – March 2015
Table of Contents Results January – March 2015 Telefónica, S.A. Investor Relations January – March Results Telefónica, S.A. Investor 2015 Relations
Slide 4: Disclaimer
Table of Contents Disclaimer their regarding, The thereof uncertainties, discussed Analysts reliance Except circumstances This available Finally, of Investor Telefónica, 1 securities, forward-looking document underlying as or iton Relations and information, is or required by among those S.A stated i
Slide 5: Q1 2015: Delivering on key priorities
Table of Contents Q1 1 Returning Robust Organic Successfully Continuous Investing Building Net Strong Early Focus In-market Digital+ I4 T 2 nves Delivering Deleveraging Q1 elefónica, 15: debt/OIBDA performance signs on tor commercial FCF 1st organic revenue transaction ahigh-quality key further Rela
Slide 6: Key financials Q1 15
Table of Contents Key Q1 Reported € Revenues OIBDA OpCF EPS FCF Net ND/OIBDA Positive Most +2.5 Consolidation Revenue: +3.0 2/3 Spain Germany Hispam 32% Investor Brazil 24% Telefónica, in15 of income financial millions financials 0.38 363 p.p. Latam 25% Revenues (ex-spectrum) 3,618 Margin impacts Re
Slide 7: 2015 Guidance and shareholder remuneration
Table of Contents Fully 2015 (Constant Revenues Limited around OIBDA (to flexibility CapEx/Sales Net First €0.75/sh. Dividend scrip €0.40/sh. Share AGM Investor Telefónica, allow Debt/OIBDA Tranche: Q4 Guidance on buyback: (12th 1margin(1.0 margin Relations track 15 p.p. for €0.35/sh. Cash >7% FX if
Slide 8: Building a strong organic growth platform
Table of Contents Building A LTE 7% 29% 53% 111% x5.1 25% +12.6% +3.3% €11,543m Reported Organic 28% 47% Q1 +2.4% 31.3% €3,618m OIBDA 32% +7.7% 31% 36% ex-regulation) Tow Strong Average Accesses Lower Sequential Transformation CapEx Data Accelerating Continuation Executing Synergies organic) acquisi
Slide 9: Mobile data monetisation
Table of Contents Smartphone C Blended P 59% 34% 53% 22% 28% 17% 2.8m Customers LTE: shipments Mar-14 1% 4% 77% 36% Q1 Data (+19.1% Encouraging Accelerating Mobile Average Prepay penetration; Additional Monetising Contribution “Bundle New LTE Brazil Investor Telefónica, repay ontract Mobile 14 15 AR
Slide 10: Digital services
Table of Contents Digital +31.8% Cloud: service Cloud Go Digital+; +76.0% Security Services SmartID SealSign bio- FiLIP +24.5% M2M: Steady Global LatAm (>500 Organic y-o-y Investor Telefónica, toauthentication)(largest growth Cloud (smartwatch) partners)(Ecuador) Storage Gaining Value-added Partner
Slide 11: Differential networks and IT transformation
Table of Contents TGR: Differential UBB Premises (x1.9 16.1m 65% LTE 2 ~21k FTTH 4G Best Networks All-IP Network Addressing Customer Global Trials 3 “LTE E2E VoLTEavailable, Proactive IT: +Customer Progressing Big Online DC +Simple Applications Physical Data Virtualisation Investor Telefónica, carri
Slide 12: Spain: commercial KPIs
Table of Contents 25% Mobile -4.0% +1.8% loss -74% (102) x2 23% 100 108 244 Pay A M 255 x3 50% Q1 58 Outstanding Access FTTH Fiber Strengthened Upselling 3.9m “Fusión” ARPU Enhanced MBB Spain: Strong T. LTE Investor Telefónica, cEspaña: ar- o/w 14 cesses TV Mbps 17% reduced coverage of “Fusión” 100
Slide 13: Spain: financial performance
Table of Contents Spain: 25% Q3 +1.7 (8.2%) (6.6%)(6.1%) (4.9%)(3.8%) (3.5%) +2.2 OIBDA O Ex- -2.1 Fiber TV FBB Mobile adds Revenue y-o-y Strong Increased Upselling High 76% Improved Handset Solid Q1 Higher Efficiency IT Investor Telefónica, rganic Simplification 14 OIBDA net tower p.p. p.p. of FBB
Slide 14: Germany: commercial performance
Table of Contents Germany: 16% Ex- 141 318 32% 1.9% Contract Gross (y 30% organic) Headcount 1,600 Shop Decommission Planned (1) Focus Mobile Stronger 86% Value VDSL Synergy Staff Agreement Distribution Drillisch 3G Investor Telefónica, -o-y Run-rate: National 428k 15% of share negotiation reduction
Slide 15: Germany: financial performance
Table of Contents Germany: 16% Rev 2.9% 0.0% (0.2%) 1.5% OIBDA O (24.2%)—5 18.0% 20.5% 4.4% y- Q4 Strong Top MSR revenues Profitability Revenue Efficient Customer OpEx OpCF Investor Telefónica, rganic o-14 line enue of y15% 14% momentum; synergies at Q1 y- revenue 71% Group (y-o-y) Relations growing
Slide 16: Brazil: commercial performance
Table of Contents Brazil: 24% Smartphones (0.2%) 16% 0.4% 49% 3.3% Fixed Fiber 82% 132% x1.5 N Consistent Mobile 40% penetration Data usage Strengthened Market Best coverage Focus FTTH 429k Mar-15) Pay EGM Investor Telefónica, et TV adds customer of Smartphones traffic HH IPTV (May on accesses on pr
Slide 17: Brazil: financial performance
Table of Contents Brazil: 24% Revenue Fixed 1.8% 4.3% 8.4% (4.8%)(4.0%) (3.1%) (0.3%) 0.2% Q1 (3.6%) (1.3%) 0.9% Best leveraging Data SMS 8x Enhanced Pay Negative Positive growth) OpEx Strong Offset reduction difficult OIBDA Investor Telefónica, higher 14 TV revenue of revenues/MSR: revenues 1.9% Mo
Slide 18: Hispam
Table of Contents Hispam: 32% Accesses Mobile 4% 6% 16% 35% Revenue 11.3% 14.1% 18.2% 10.0% OIBDA H 16.8% 17.8% 20.1% 15.1% Q2 11.8% O (organic Commercial 3.1m Limited Record-high Volumes (+52%) Positive Combination Data Non-SMS Margin Main Investor Telefónica, Iis14 BDA pam of revenues Smartphone c
Slide 19: Mexico
Table of Contents Mexico: 4% >2x Accesses 17% 28% Q1 +8.6% OIBDA Ex-Regulation 5.9% Revenue Strengthened Larger 15) Steady Increased Strong Investor Telefónica, Revenue of 77% 24.5% Group scale 69.8% commercial gross revenue access increase Margin Relations Operational OIBDA (Mar-15 Smartphones prof
Slide 20: Rest of Hispam
Table of Contents Rest 28% 17.7% 30.5% 55.5% 4.1% 12.3% 2.6% O 38.3% 46.3% 9.2% 10.8% -2.2% 2.2% ex-reg Q1 +3.0 Colombia Strong Colombia: Solid Peru: Continued Argentina: Focus Chile: Venezuela 4G Investor Telefónica, rganic Revenue OIBDA services of p.p.(2.6 5.3% 9.3% start growth on ex-reg 23.4% 3
Slide 21: UK
Table of Contents UK:OIBDA Consolidated Mobile 291(+4% 135 CC Revenues Revenue 5.4% 2.9% (6.3%) (2.7%) OIBDA 24.5% Fastest Contract years Customer Highest Popular Sustained Total Q1 Continued Investor Telefónica, 18 14 15 14: ontract 133 Commercial net revenue 5.8% 2.9% Continued Q4 growth 23.6% €24
Slide 22: Substantial deleveraging
Table of Contents Substantial € Net Debt/OIBDA 2 45,087(363) 2.13x N 31,730 Debt Dec—14 (906) +25.8% y-o-y -10.8% 2,098(1.142) 417 c143(85)(161) operations O (1 Sep Investor Telefónica, 19ontinued in .7 et pC thers )O Financial 4millions 1363 Fin. & F y-o-y 4xI FC BDA H 2Relations and FC O..7 ybrid
Slide 23: Liquidity position and debt maturities
Table of Contents Substantial Long-term Other Colombia Telefónica credit T. Equity Net 2015 5.4 9.0 Average Liquidity € Undrawn 11.2 16.9 lines 93% syndicated Cash 5.7 Effective Mar-15 Venezuela Guidanc 0.12% 5.45% 6% Mar-14 5%(0.30%) European rates O & 18 Investor Telefónica, thers inBrasil b.p. ex
Slide 24: Telefónica Brasil capital increase
Table of Contents Outstanding Initial 100% T: O P T Brasil GVT Telefónica €3Bn; €10.84: T. Offering BRL16.1Bn Subscription BRL47/share Demand: Discount Largest First Market Lower Investor Telefónica, N:N Brasil 70.1% 7::public 469P T. structure issuance discount % 5book 24equity discount NRelations
Slide 25: Conclusion
Table of Contents SOLID Conclusion 1 2 3 4 5 Investor Telefónica, Strengthening Encouraging Early Sound 2015 Guidance signs START Relations balance S.A ofdemand .TO portfolio growth sheet 22 and 2015; 2016 for inoptimisation/in BEGINNING Revenue, LTE, ambition Smartphones, OIBDA confirmed Amarket NE
Slide 26: Investor Relations contact information
Table of Contents For further Investor Tel. +34 Relations 91 information: 482 87 00 ir@telefonica.com www.telefonica.com/investors
Slide 27: Signatures
Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Telefónica, S.A. Date: May 14th, 2015 By:/s/ Miguel Escrig Meliá Name: Miguel Escrig