Slide 1: BT Group plc H1 FY23 results
BT Group plc H1 FY23 results 3 November 2022
Slide 2: Forward looking statements caution
Forward looking 2 statements caution Certain information included in this announcement is forward Accordingly, no assurance can be given that any particular looking and involves risks, assumptions and uncertainties that could expectation will be met and readers are cautioned not to place cause actua
Slide 3: Philip Jansen, Chief Executive
Philip Jansen Chief Executive
Slide 4: Delivering to plan; reaffirming long-term ambition
Delivering to plan; reaffirming long-term ambition 4 Strong Q2 financial and operational performance; reiterated FY23 commitment of at least £7.9bn EBITDA Strengthening our competitive position in challenging market conditions; cost savings target increased by £500m to £3.0bn by end FY25 FTTP1 strat
Slide 5: Strong Q2 performance supports FY23 commitment of at least £7.9bn EBITDA
Strong Q2 performance supports FY23 commitment of at 5 least £7.9bn EBITDA Pro forma FY23 Reported FY23 Outlook £m Q2 Change % H1 Change % Q2 Change % H1 Change % FY23 Adjusted revenue1 5,151 1 10,130 1 5,235 - 10,368 1 Growth on a pro forma basis Adjusted EBITDA1 1,999 4 3,944 2 1,970 5 3,873 3 At
Slide 6: Strengthening our competitive position
Strengthening our competitive position 6 Accelerating our growth strategy: • Record Openreach Q2 fibre net adds of 331k; 27% take-up; sharpening FTTP pricing to further accelerate take-up • Record Consumer Q2 fibre net adds of 121k; 308k new 5G connections • Q2 Security growth of 10% • Global growth
Slide 7: Drive Consumer growth through converged propositions and services
Drive Consumer growth through converged 7 propositions and services B2C1 unique How we will achieve growth strengths UK’s best mobile network2 Driving FTTP and Driving Delivering best in Pricing fairly and 5G penetration convergence class omnichannel transparently #1 market share across take up cust
Slide 8: Capitalise on Enterprise and Global's unrivalled assets to restore growth
Capitalise on Enterprise and Global’s unrivalled assets 8 to restore growth B2B1 unique How we will achieve growth B2B EBITDA4 strengths Depth and reach of network infrastructure Expanding Re-focusing to Investing in high- Simplifying and customer base next generation growth adjacencies digitalising
Slide 9: Deliver Openreach growth and strong returns on FTTP
Deliver Openreach growth and strong returns on 9 FTTP Rental ARPU (pm) c.£17 Openreach How we will achieve growth unique strengths c.£13-14 Nationwide fixed access wholesaler with the largest Building FTTP Migrating Delivering Pricing c.£8-9 at pace customers rapidly great service fairly and FTTP fo
Slide 10: Digitise, automate and reskill to transform our cost base and improve productivity
Digitise, automate and reskill to transform our 10 cost base and improve productivity What we are doing How we are doing it How we are progressing Simplifying our product portfolio Modernising BT and righting our cost model £1.7bn 69% Dramatically transforming Transforming our ways of working gross
Slide 11: Optimise our capital allocation
Optimise our Optimise our 11 capital allocation business portfolio Capital allocation framework Partnering and investing to optimise Invest for growth our portfolio and deliver our growth FY23 capex of c.£5.0bn; capex for remainder of peak ambitions FTTP build retained at c.£4.8bn per annum Support
Slide 12: Delivering to plan; reaffirming long-term ambition
Delivering to plan; reaffirming long-term ambition 12 Strengthening our competitive position by: Uplift from increased • Accelerating our growth strategy revenue and cost • Investing heavily in our next generation networks and savings, net of tax digitalisation Growth • Increased focus on our cost b
Slide 13: BT Group
BT Group