Slide 1: This
***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 2: Disclaimer
Disclaimer This document and any related conference call or webcast (including any related Q&A session) has been prepared by Telefónica, S.A. (“Telefónica” or the “Company”, and together with its subsidiaries the “Telefónica Group”) exclusively for its use during the presentation of financial result
Slide 3: Q1 25 Summary
Q1 25 Summary Mr. Emilio Gayo COO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 4: Operational progress
Operational progress CUSTOMER Next Generation Efficiency driven focus NETWORKS MANAGEMENT • Strong customer base, 354m accesses • Expanding fibre, +1.5m PPs q-o-q to 80m • Legacy shutdown (Spain copper completed, 3G Germany, 2G Uruguay) • Improved P&S portfolio, Fusion Digital 5.0 for • 75% 5G cover
Slide 5: Q1: Resilient core units
Q1: Resilient core units Improved traction in Spain; revenue and EBITDAaL growth accelerates to +1.7% and +1.0% Q1 y-o-y Q1 y-o-y reported organic Intact momentum in Brazil (EBITDA +8.0%, EBITDAaL-CapEx +14.5%). Revenue -2.9% +1.3% Margin expansion (EBITDAaL- CapEx +1.4 p.p.) Service revenue -2.8% +
Slide 6: On track to meet 2025 guidance
On track to meet 2025 guidance Revenue EBITDA EBITDAaL-CapEx CapEx / Sales FCF (continuing operations) Organic growth Organic growth Organic growth < 12.5% organic Similar to 2024 +1.3% y-o-y +0.6% y-o-y 10.1% -€205m ✓ ✓ +0.4% y-o-y ✓ ✓ Leverage €0.30 DPS reduction 18th Dec-25 (€0.15/cash) Mar-25: 2
Slide 7: Q1 Operating Business
Q1 25 Operating Business Mr. Emilio Gayo COO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 8: Spain: Increasingly resilient growth
Spain: Increasingly resilient growth Net adds (k) Convergent KPIs ARPU (€) Churn (%) Highlights FBB Postpaid Convergent Pay TV +1.7% +2.0% +0.5% +4.5% Accesses y-o-y • Growth in all accesses for 7th Q in a row accelerating • Q1 net adds increasing y-o-y 119 92.2 91.7 90.2 90.7 92.3 89 79 66 • Revenu
Slide 9: Brazil: Real growth and strong profitability
Brazil: Real growth and strong profitability Accesses growth (y-o-y) FTTH Premises passed (m) Contract FTTH Highlights Mobile contract • Continue to grow well above inflation mkt. share 43.3% 29.1 29.6 • Translated into Euro results hit by FX 28.3 26.8 27.3 • Service Revenue: Mobile (+6.5%) & Fixed
Slide 10: Germany: Operating leverage focus
Germany: Operating leverage focus Contract net adds (k) 1 Fixed ARPU (y-o-y) 215 226 226 Highlights 5.2% 4.9% 164 4.8% 157 3.8% • Contract net adds +4.5% y-o-y, stable 1.1% churn 2.4% • O2 contract ARPU flattish (friends & family-offers) • Revenue headwinds (B2P transformation, market weakness for h
Slide 11: VMO2: Key network programmes of fibre and 5G rollout progress
VMO2: Key network programmes of fibre and 5G rollout progress Fixed network build (k new PPs) Mobile contract churn (%) 486* Highlights • 5G pop. coverage 77% 295 281 • Fixed footprint reaches 18.4m UBB PPs 1.2% 1.2% 1.1% 1.1% 1.1% 194 165 • Contract churn stable at low levels; 1.1% • Revenue and EB
Slide 12: Hispam: Progress in strategic execution
Hispam: Progress in strategic execution 2025 T. Argentina sale T. Colombia signing T. Peru sale February 24th March 12th April 13th Sale of T. Argentina (€1.2bn), simultaneous signing and closing on February 24th, execution risk avoided Binding agreement for T. Colombia (~€368m), closing subject to
Slide 13: Hispam: Towards stabilisation while reducing exposure
Hispam: Towards stabilisation while reducing exposure Accesses growth (y-o-y) FTTH (m) Highlights 15% Contract FTTH 13.6 13.3 12% 12.7 • Focus on executing our strategic plan 10% 9% 12 • Better commercial net adds in contract & FTTH in Q1 25 7% 11.4 • Positive contract net adds after 5 Qs posting lo
Slide 14: Telefónica Tech / Telefónica Infra
Telefónica Tech / Telefónica Infra Telefónica Tech Telefonica Infra Revenue (€ million) (y-o-y organic) FTTH JV premises passed (m) (via FiberCos) +6.6% 29 24 476 508 36% of TEF’s total FTTH footprint €2.1Bn LTM Revenue Mar-24 Mar-25 Q1 24 Q1 25 Data Centres: • Closed sale of 20% in Nabiax Bookings
Slide 15: Q1 Financials
Q1 25 Financials Mrs. Laura Abasolo CFCO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 16: Accelerate FCF delivery throughout the year
Accelerate FCF delivery throughout the year FCF discontinued FCF continuing FCF total operations operations € million € million € million (11) Q1 seasonality • Higher seasonality on WC, lease and financial (25) (153) (13) payments • FX on BRL depreciation (205) (358) Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1
Slide 17: Solid balance sheet, sound liquidity and contained costs
Solid balance sheet, sound liquidity and contained costs Net Financial Debt € million ND/EBITDAaL ND/EBITDAaL 2.58x 2.67x 283 153 202 (898) 27,161 148 27,049 (€0.2bn) (€1.1bn) ~€25.8bn FCF from continuing FCF from discontinued Shareholder Net financial FX & Peruvian Colombia Mar-25 Dec-24 Mar-25 ope
Slide 18: Pragmatic ESG management to create value
Pragmatic ESG management to create value Environmental Social Governance Renewables to hedge energy costs: PPAs Connecting communities: 98% 4G population Balanced and diverse Board: 40% women, for renewables cover 30% of electricity needs coverage in main markets and 53% independent Protecting custo
Slide 19: Key takeaways
Key takeaways Mr. Emilio Gayo COO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 20: Key messages
Key messages Guidelines of our strategic framework Continued strategy execution: 2025 guidance Resilient core markets confirmed 1. Customers at the core T. Hispam exposure reduced 2. Technology and operational excellence 3. Disciplined industrial rationale 4. Value creation for all stakeholders - Pe
Slide 21: Results presentation and Q&A Session
Results presentation and Q&A Session Telefónica’s management will host a webcast on 14 May at 10:00 AM (CEST), 9:00 AM (BST), and 4:00 AM (EDT) Participants from Telefónica • Emilio Gayo l COO • Lutz Schüler l CEO Virgin Media O2 • Laura Abasolo l CFCO • Eduardo Navarro l Chief Corporate Affairs & S
Slide 22: Bloomberg ESG Score #2 in sector
Bloomberg ESG Score CDP Climate 2024 ISS ESG Corporate Rating Sustainalytics ESG Social Benchmark #2 in sector A List 2024 #1 in sector #1 in sector Industry Top Rated 2025 1st company worldwide 2024 For further information, please contact: Investor Relations FOLLOW US: Isabel Beltrán (i.beltran@tel