Slide 1: Telecom Argentina Earnings Release August 2018
TELECOM a TELECOM ARGENTINA Earnings Release August 2018
Slide 2: Disclaimer
DISCLAIMER This presentation may include statements that could constitute forward-looking statements, including, but not limited to, the Company's and it’s management expectations for the Company's future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity a
Slide 3: Disclaimer
DISCLAIMER The merger between Telecom and Cablevision was considered under IFRS 3 (Business Combinations], with Cablevisién being t accounting purposes. Thus, for the purposes of preparing the an inverse acquisition he surviving entity for consolidated financial statements of Telecom Argentina as of
Slide 4: Agenda
AGENDA MACRO AND INDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS FINANCIALS Q8&A
Slide 5: Agenda
AGENDA TP JMACROANDINDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS FINANCIALS Q8&A
Slide 6: Exchange rate evolution
15,85 Jan-17 Feb-17 = 15.68 Mean 1Q17 Mar-17 Apr-17 May-17 = 15.74 Mean 2Q17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 = 19.68 Mar-18 Mean 1Q18 Apr-18 May-18 = 23.54 Jun-18 Mean 2Q18 28,85
Slide 7: Macro scenario: household consumption and inflation
= HOUSEHOLD CONSUMPTION Although overall household consumption has grown Revised officiel fgues9s0)2018 solidly during the last quarters of 2017 and 1QI8, it is 37% 35% | 4% expected thatit will be strongly affected during the i | ' | following quarters due to uncertainty coming from = i = higher vo
Slide 8: Agenda
AGENDA | MACRO AND INDUSTRY OVERVIEW Tpsonescce BUSINESS HIGHLIGHTS FINANCIALS Q8&A
Slide 9: Industry trends
Source: Ericsson ConsumerLab, Tv y Medios, 2017; Cisco VNI 2017
Slide 10: Vision and Strategy: Company Transformation
VISION AND STRATEGY COMPANY TRANSFORMATION COVERAGE & NETWORK CAPACITY >2x Sites deployment more than doubled compared with the same period last year TELECOM ia, CONVERGENT SYSTEMS & SERVICES SAI We completed the first step towards the convergence of systems with implementation of Central Finance CU
Slide 11: Agenda
AGENDA MACRO AND INDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS FINANCIALS Q8&A 10
Slide 12: Quarter highlights: revenues, EBITDA, subscribers, ARPU
- +29.1% YOY Navan P$64.2On\~ — spsiason EBITDA P$23.3bn Margin:36.3% Fixed Voice ARBU: $205 Broadband ARPU: $585 ARPU Pay TV ARPU: $653 (permonth] Mobile ARPU: $165 Mobile subs in Argentina :19.1mm y S Y SUBSCRIBERS figapalieamaill 1.Imm Fixed Voice: 3.7mm 5) Pay TV:3.5mm i 4G CLIENTS > OnJune 21,
Slide 13: Financial results in P$ million
Δ In P$ Million * Consolidated Proforma figures Figures may not sum up due to rounding
Slide 14: Monthly unique users and mobile data usage
200 ,00 20% 190 ,00 18% 180 ,00 16% 170 ,00 14% 160 ,00 12% 150 ,00 10% 140 ,00 08% 130 ,00 06% 120 ,00 04% 110 ,00 02% 100 ,00 00% ´ Figures may not sum up due to rounding Monthly Unique users and MBOU over Monthly unique users that consume more than 10Mb
Slide 15: Subscribers and KPIs
In Million In Million In Thousand 15% 730 13% 680 11% 630 09% 580 07% 530 05% 480 03% 430 01% -01% 380
Slide 16: Flow & the World Cup
FLOW & THE WORLD CUP Views registered since |{ Of total views were the opening ceremony made through cell Was the increase in the through phones. Personal usage of postpaid clients did during the world Cup HE MULTI-SCREEN not consume data ORLD CUP The preferred dao devices in which was used to ewice
Slide 17: Results in million of P$
Million of P$ * Consolidated Proforma figures
Slide 18: Agenda
AGENDA MACRO AND INDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS 11 ||]O8a 7
Slide 19: EBITDA and margin
36% 35000,0 34% 30000,0 32% 25000,0 30% 20000,0 28% 15000,0 26% 10000,0 24% 5000,0 22% - 20% *Consolidated Proforma figures
Slide 20: Consolidated Proforma figures
Consolidated Proforma figures
Slide 21: Consolidated Proforma figures
∆ ∆ ∆ *Consolidated Proforma figures
Slide 22: 2017 figures sum of Cablevisión and Telecom
2017 figures correspond to sum of the parts of Cablevisión and Telecom
Slide 23: In USD million consolidated proforma figures
In USD Million Consolidated Proforma figures
Slide 24: Agenda
AGENDA MACRO AND INDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS FINANCIALS
Slide 25: Investor Relations Contact
TELECOM Investor Relations Contact Telephone: (541I] 4968 3628 E-mail: relinver@teco.com.ar