Telia Company Ab · OMXSTO:TELIA
Telia Company Ab — Q1 2026 Earnings Presentation
28 slides from Telia Company Ab's earnings presentation, Apr 24, 2026
Slide 1: Telia Company Q1 2026
Telia Company Q1 2026 April 24, 2026
Slide 2: A good start to the year
A good start to the year Customer satisfaction and − Growth underpinned by higher customer convergence driving growth satisfaction and convergence − Customer service quality increasingly supported by AI Active portfolio − Bredband2 acquisition completed management − Increased ownership in Finland fi
Slide 3: Financial highlights Q1
Financial highlights Q1 Service revenue: +2.1% Service revenue Like for like growth - Strong Consumer and demand for business- and mission critical 2.1% - Sweden and Lithuania remained overall solid - Norway and Finland improved sequentially, both reaching neutral 2026 outlook: ~2% Q1 25 Q2 25 Q3 25
Slide 4: Sweden
Sweden ARPU Strong Consumer and demand for business- and mission critical drive service revenue and EBITDA growth Mobile postpaid 52 Strengthened content portfolio from multiyear agreements with Viaplay and SkyShowtime 30 Collaboration with Brookfield around AI and gigabit factory announced 21 22 +0
Slide 5: Bredband2 now consolidated in Telia Sweden
Bredband2 now consolidated in Telia Sweden Financials Strategic rationale − Run-rate synergies of at least SEK 0.2bn/year − Consolidated as of February − Highly complementary brand in operating in a segment − Integration costs of around SEK 0.2bn − Around 0.3bn/year of wholesale where Telia’s presen
Slide 6: Finland
Finland ARPU Activity level in Consumer mobile market reduced vs. elevated Q4 level Mobile postpaid Subscriber base development improving, supported by increasing NPS -6 -22 -35 -24 -14 +1.0% Ownership in Finnish fiber JV increased to 49%, in new partnership with Brookfield Further efficiency measur
Slide 7: Increased ownership & new partner in Finnish fiber JV
Increased ownership & new partner in Finnish fiber JV Business overview Transaction overview and rationale − Established 2020 to accelerate fiber roll- − Telia’s ownership 49% (up from 40%); out across Finland Brookfield acquiring 51% − Passive fiber network provider through an − Continued participa
Slide 8: Norway
Norway ARPU RAN partnership with ice to drive significant commercial and financial benefits over time Mobile postpaid Fixed consumer turnaround on track, with 6% service revenue growth and fiber build-out ramping up -6 -2 -11 -10 -27 +3.5% Commercial 5G standalone launched as first operator in Norwa
Slide 9: Attractive network partnership for improved coverage, competition and resilience in Norway
Attractive network partnership for improved coverage, competition and resilience in Norway Radio network sharing Independent Shared − A consolidated, robust national network based on joint RAN core networks network infrastructure − Creating a Joint Operation (JO), where base stations, radio equipmen
Slide 10: Lithuania
Lithuania ARPU NPS increased further and Telia awarded best customer service in nation-wide consumer survey Mobile postpaid Construction started on a new resilient and sustainable data center to address domestic demand 16 +5.1% Service revenue growth continued to accelerate across both mobile (+8.3%
Slide 11: Estonia
Estonia ARPU Launch of full 5G standalone with support for commercial handsets and Voice over New Radio (VoNR) Mobile postpaid Service revenue growth in Consumer across core products, rapid adoption of innovative security product 1 6 +0.8% Enterprise was affected by ICT supply chain limitations, exp
Slide 12: Financials
Financials @
Slide 13: Service Revenue & EBITDA
Service Revenue & EBITDA Service revenue Adjusted EBITDA Like for like growth Like for like growth 6.7% 6.2% 2.1% 2.1% 1.8% 4.4% 3.7% 4.0% 1.0% 1.0% Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Growth remained stable and again led by Healthy growth despite continued pressure in Norway
Slide 14: OPEX & CAPEX
OPEX & CAPEX OPEX CAPEX excluding spectrum Adjusted EBITDA less CAPEX Like for like growth Reported SEK in billions, R12, booked CAPEX Reported SEK in billions, R12, booked CAPEX excl. spectrum 19.4 -2.2% 18.3 15.4 17.2 13.4 13.0 13.1 12.6 Q1 25 Resources Sales & Other Q1 26 marketing Q1 Q2 Q3 Q4 Q1
Slide 15: Free Cash Flow
Free Cash Flow Q1 Q1 Reported SEK in billions 2026 2025 Change Adjusted EBITDA 7.9 7.8 0.1 Restructuring and other -0.5 -0.5 0.0 Leasing -1.0 -1.0 0.0 Decline due to elevated level Q1 LY Cash CAPEX excl. spectrum -3.2 -3.7 0.5 Cash CAPEX for spectrum -0.3 -0.1 -0.1 PPE divested 0.0 0.2 0.0 Interest
Slide 16: Net Debt & Leverage
Net Debt & Leverage Leverage increased to 2.07x in Q1 2026, down from 2.18x one year ago Net debt and leverage − SEK 2bn dividend paid Continuing and discontinued operations, reported SEK in billions, leverage ratio − Broadband2 acquired for SEK 3bn − Hybrid debt reduced, SEK 1.3bn net debt increase
Slide 17: Progress on value creation agenda
Progress on value creation agenda Grow FCF per share to Active portfolio Actively manage our Grow DPS and return cover the dividend management balance sheet excess cash to shareholders ‒ EBITDA growth of +4.0% and ‒ Bredband2 acquisition completed ‒ Optimized hybrid capital structure, ‒ Dividend of
Slide 18: Summary & outlook
Summary & outlook
Slide 19: Summary & Outlook
Summary & Outlook A good start to the year, executing according to plan Strategic progress to drive growth, simplification, capital discipline 2025-2027 mid-term ambitions Our customers are increasingly satisfied with us Service revenue* Adjusted EBITDA* On track to deliver on full-year and mid-term
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Slide 21: Thank you!
Thank you! @
Slide 22: Appendix
Appendix @
Slide 23: Our 2025-2027 financial ambitions
Our 2025-2027 financial ambitions Service revenue* Adjusted EBITDA* CAPEX** Free cash flow*** 2025-2027, CAGR 2025-2027, CAGR 2025-2027 by 2027 SEK SEK 2% 4% <14bn/year >10bn * Based on 2024 as starting point, like for like growth ** CAPEX excl. spectrum and leases (booked) *** Based on the outlook
Slide 24: Our sustainability focus and progress Q1 2026
Our sustainability focus and progress Q1 2026 Securing people and Enabling customers’ Digitally strengthening Empowering a winning digital environments and our own climate all generations culture transition Top-tier position in customer Net-zero emissions by 2040 Empower 1.2 million people Achieve 5
Slide 25: Our climate value creation and commitments
Our climate value creation and commitments Drive and encourage Engage and enable supplier action customers 2040 • Collaborate with • Enable customer → Achieve net-zero: suppliers to drive the emission reduction • Reduce value chain GHG climate transition through smart services emissions (scope 1, 2
Slide 26: Our areas and strategic goals for sustainable value creation
Our areas and strategic goals for sustainable value creation Securing people and Enabling customers’ Digitally strengthening Empowering a winning digital environments and our own climate all generations culture transition Top-tier position in customer Net-zero emissions by 2040 Empower 1.2 million p
Slide 27: Our key sustainability ratings
Our key sustainability ratings CDP Climate Rating Ecovadis ISS ESG rating Global Child Forum A “Gold supplier” rating -B (Prime status) Ranked No. 4 worldwide in the State of Children’s Rights & Business benchmark MSCI ESG rating Sustainalytics FTSE4Good World Benchmark Rated Rated Included Alliance
Slide 28: Slide 28