Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q4 2021 Earnings Presentation
16 slides from Magyar Telekom Telecommunications's earnings presentation, Feb 23, 2022
Slide 1: Magyar Telekom Group Q4 2021 Results Presentation
MAGYAR TELEKOM GROUP Q4 2021 RESULTS PRESENTATION February 23, 2022
Slide 2: Disclaimer
Disclaimer This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should n
Slide 3: Focus on Seamless Connectivity and Customer Centricity
FOCUS ON SEAMLESS CONNECTIVITY AND CUSTOMER CENTRICITY Network Customers Resilience ▪ Fixed network rollout: coverage expanded to ▪ Further improvement in customer satisfaction ▪ HUF 4 billion savings in indirect costs* in 3m gigabit capable access points 2021 ▪ Continued strong momentum in mobile d
Slide 4: Delivery Against 2021 Financial Targets
DELIVERY AGAINST 2021 FINANCIAL TARGETS 2021 guidance 2021 results 2021 guidance 2020 results (vs 2020) (YoY change) delivery Grow HUF 700.1 bn REVENUE HUF 673.0 bn around 3% +4.0% Grow HUF 216.3 bn EBITDA AL HUF 202.6 bn at least 3% +6.7% HUF 109.3 bn CAPEX AL1 HUF 106.0 bn Broadly stable +3.0% Bro
Slide 5: ARPU Growth in Hungary Driven by Favorable Subscriber Base Trends and Strong Data Usage
ARPU GROWTH IN HUNGARY DRIVEN BY FAVORABLE SUBSCRIBER BASE TRENDS AND STRONG DATA USAGE Mobile SIMs1 Mobile ARPU1 ‘000 HUF +3.8% M2M Q4 2020 5,427 5,634 Prepaid 3,592 Q4 2021 Blended +4.5% 7.9% 10.3% Postpaid 3,754 28.2% 25.8% 5,079 Postpaid +5.2% 5,341 63.9% 64.0% 1,155 Prepaid +3.3% 1,193 Q4 2020
Slide 6: Fixed Line Performance Supported by Customer Base Expansion and Positive BB and TV ARPU
FIXED LINE PERFORMANCE SUPPORTED BY CUSTOMER BASE EXPANSION AND POSITIVE BB AND TV ARPU TRENDS IN HUNGARY Fixed line multiplay residential subscribers Fixed Voice, BB1 and TV ARPU ‘000 HUF +3.7% Q4 2020 2,100 Q4 2021 1,481 1,536 Fixed voice -7.0% 1,952 19% 17% 1Play 2Play 3,413 36% 38% Fixed BB +8.5
Slide 7: Revenue Growth in Q4 and FY 2021
REVENUE GROWTH IN Q4 AND FY 2021 Revenue, Q4 2021 vs Q4 2020 Revenue, FY 2021 vs FY 2020 HUF bn HUF bn +4.0% 4.5 1.3 700.1 7.0 -2.6 +2.5% 16.9 3.3 2.7 4.7 193.6 -5.1 -0.8 673.0 188.9 Q4 2020 Mobile Fixed Equipment SI/IT Other Q4 2021 2020 Mobile Fixed Equipment SI/IT Other 2021 service service servi
Slide 8: Growth in EBITDA AL Driven by Favorable Business Trends and Cost Optimization
GROWTH IN EBITDA AL DRIVEN BY FAVORABLE BUSINESS TRENDS AND COST OPTIMIZATION EBITDA AL, Q4 2021 vs Q4 2020 EBITDA AL, FY 2021 vs FY 2020 HUF bn HUF bn 6.7% 3.9 12.9 216.3 -1.9 -1.3 3.4% 5.4 58.6 -2.3 -0.4 202.6 56.6 -0.8 Q4 2020 Gross profit Indirect Other op. IFRS 16 Q4 2021 2020 Gross profit Indi
Slide 9: Total Profit Impacted by Net Financial Result
TOTAL PROFIT IMPACTED BY NET FINANCIAL RESULT Net income, Q4 2021 vs Q4 2020 Net income, FY 2021 vs FY 2020 HUF bn HUF bn 39.3% 10.2 0.1 59.0 14.9 -1.7 26.4% 3.7 1.0 18.7 -6.9 2.3 -0.6 42.4 14.8 -2.6 Q4 2020 EBITDA D&A Net financial Income tax Non-contr. Q4 2021 FY 2020 EBITDA D&A Net financial Inco
Slide 10: Continued Focus on Network Development
CONTINUED FOCUS ON NETWORK DEVELOPMENT CAPEX AL, 2021 vs 2020 Gigabit capable fixed network development HUF bn # of access points (th) 4 333 4 356 4 374 197.6 91.6 4 500 4 194 4 209 4 224 4 238 4 259 4 314 4 000 30.8% +3.0% 3 500 38.9% 36.5% 33.7% 84.2 193.4 44.9% 40.7% 3 000 51.6% 50.3% 48.1% 2.8 1
Slide 11: 2021 Free Cashflow Reflects Strong Investment Levels
2021 FREE CASHFLOW REFLECTS STRONG INVESTMENT LEVELS Free cashflow, 2021 vs 2020 HUF bn ▪ Improvements in EBITDA offset by -19.1% 14.9 − Less favorable working capital development due to higher receivable balances 7.5 − Increased capex outpayments 54.2 69.5 stemming from different timing of investme
Slide 12: 2022 Public Targets and 2023-2024 Outlook Reflects Strong Commercial Momentum
2022 PUBLIC TARGETS AND 2023-2024 OUTLOOK REFLECTS STRONG COMMERCIAL MOMENTUM 2021 results 2022 guidance 2023 – 24 outlook REVENUE HUF 700.1 bn 1%-3% growth moderate annual growth EBITDA AL HUF 216.3 bn 3%-5% growth moderate annual growth CAPEX AL1 HUF 109.3 bn broadly stable FCF 1 HUF 56.2 bn at le
Slide 13: Shareholder Remuneration After 2021 Results and Policy for 2022-2024
SHAREHOLDER REMUNERATION AFTER 2021 RESULTS AND POLICY FOR 2022-2024 Shareholder remuneration Shareholder remuneration policy for 2022-2024 HUF bn 29.6 ▪ The Board of Directors approved the shareholder 25.5 remuneration policy for 2022-2024 ▪ Goal is to increase transparency, visibility and reliabil
Slide 14: Q&A
Q&A ? For further questions please contact the IR department: Diana Várkonyi Rita Walfisch Capital Market Relations Hub Lead Investor Relations Manager Phone: +481-7676 Phone: +36 1 457-6084 e-mail: varkonyi.diana.annamaria@telekom.hu e-mail: walfisch.rita@telekom.hu
Slide 15: North Macedonia: Q4 and FY 2021 Results
NORTH MACEDONIA: Q4 AND FY 2021 RESULTS Revenues, Q4 2021 vs Q4 2020 Revenues, 2021 vs 2020 HUF mn HUF mn +2.8% -9.6% 18,654 1,387 200 1,872 65,603 -526 -1,445 16,864 63,789 -1,464 Q4 2020 Mobile Fixed SI/IT Q4 2021 2020 Mobile Fixed SI/IT 2021 EBITDA AL, Q4 2021 vs Q4 2020 EBITDA AL, 2021 vs 2020 H
Slide 16: Further Details on Adjustments on Net Income
FURTHER DETAILS ON ADJUSTMENTS ON NET INCOME ’Adjusted Net Income’* is to be adjusted for major non-cash below EBITDA one-off items that are not part of the underlying performance Such as: ➢ Change in fair value of derivatives ➢ FX result realized on principal of the CCIR (cross currency interest ra