Bt Group Plc · LSE:BT.A
Bt — H1 FY25 Earnings Presentation
17 slides from Bt's earnings presentation, Nov 7, 2024
Slide 1: We connect for good
BT Group plc H1 FY25 results 7 November 2024 We connect for good BT Group plc H1 FY25 results
Slide 2: Forward looking statements caution
BT Group plc H1 FY25 results 7 November 2024 2 Forward looking 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 expectation will be met and readers are
Slide 3: Allison Kirkby, Chief Executive
BT Group plc H1 FY25 results 7 November 2024 3 Allison Kirkby Chief Executive
Slide 4: Our strategic priorities
BT Group plc H1 FY25 results 7 November 2024 4 Our strategic priorities 1_ Deliver Openreach 2_ Drive Consumer 4_ Digitise , automate and growth and growth reskill to strong returns through transform the on FTTP converged cost base and solutions improve productivity 3_ Capitalise Business’s on 5_ Op
Slide 5: Solid delivery against our priorities
BT Group plc H1 FY25 results 7 November 2024 5 Solid delivery against our priorities 2 Drive Consumer growth through 4 Digitise, automate and reskill to transform converged solutions the cost base and - Fibre base grew improve productivity - 5G base grew - Legacy units reducing - Converged base show
Slide 6: Simon Lowth, Chief Financial Officer
BT Group plc H1 FY25 results 7 November 2024 6 Simon Lowth Chief Financial Officer
Slide 7: EBITDA and NFCF growth as strong cost control offsets weaker revenue
BT Group plc H1 FY25 results 7 November 2024 7 EBITDA and NFCF growth as strong cost control offsets weaker revenue H1 FY25 Q2 FY25 £m Change YoY% £m Change YoY% Adjusted revenue1 10,138 (3) 5,086 (3) Adjusted EBITDA2 4,132 1 2,071 flat Reported capex 2,269 (2) - - Normalised free cash flow3 715 57
Slide 8: Summary of customer facing units
BT Group plc H1 FY25 results 7 November 2024 8 Summary of customer facing units H1 FY25 Q2 FY25 Adjusted Revenue1 Adjusted EBITDA2 Adjusted Revenue1 Adjusted EBITDA2 £m Change YoY % £m Change YoY % £m Change YoY %3 £m Change YoY % Openreach 3,118 2 2,059 6 1,560 2 1,038 7 Consumer 4,836 (1) 1,330 (1
Slide 9: Allison Kirkby, Chief Executive
BT Group plc H1 FY25 results 7 November 2024 9 Allison Kirkby Chief Executive
Slide 10: Openreach | Record FTTP build and take-up
BT Group plc H1 FY25 results 7 November 2024 10 Openreach | Broadband Ethernet FTTP Copper Revenue (£m) Revenue (£m) Record FTTP +3% 1,986 1,932 1,911 build and take-up 1,776 1,788 +7% 538 582 593 622 518 FTTP1 footprint reached 16.0m in H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H1 FY23 H2 FY23 H1 FY2
Slide 11: Consumer | Foundations laid for H2 return to growth
BT Group plc H1 FY25 results 7 November 2024 11 Consumer | Broadband Postpaid Mobile1 Broadband FTTP Revenue (£m) Revenue (£m) Foundations 2,017 2,088 -1% 2,034 2,068 -1% 1,934 laid for H2 return 1,571 1,510 1,695 1,584 1,672 to growth FTTP connections up 33%; FTTP H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1
Slide 12: Business | Tough trading conditions
BT Group plc H1 FY25 results 7 November 2024 12 Business | UK Revenue1 Global and Portfolio Global Revenue (£m) Portfolio Revenue (£m) and Other Tough trading -3% -10% conditions, 2,545 2,617 2,600 2,555 2,516 1,496 1,600 1,500 1,473 1,349 especially non-UK Weak trading in Global and Portfolio H1 FY
Slide 13: Transformation | Solid progress, ahead of plan
BT Group plc H1 FY25 results 7 November 2024 13 Transformation | Cumulative gross Total headcount Current programme annualised (k) Previous Solid progress, programme cost savings1 (£bn) +36% -4% ahead of plan 3.0 3.4 134 130 123 120 118 2.5 2.1 1.7 Gross annualised cost savings of H1 FY23 H2 FY23 H1
Slide 14: Outlook | FY25 revenue revised, all other metrics reaffirmed
BT Group plc H1 FY25 results 7 November 2024 14 Outlook | FY25 revenue revised, all other metrics reaffirmed FY25 End of decade Adjusted revenue1 Down 1-2% Sustained growth Consistent and predictable growth ahead of Adjusted EBITDA2 ~£8.2bn revenue enhanced by cost transformation <£4.8bn to FY26, th
Slide 15: Fully focussed on creating value
BT Group plc H1 FY25 results 7 November 2024 15 Fully focussed on creating value Sharpened Investment into Disciplined focus on next generation approach to capital becoming the digital allocation will enable UK’s most infrastructure growth for all - our trusted continues customers, the country and o
Slide 16: BT Group plc H1 FY25 results 7 November 2024
BT Group plc H1 FY25 results 7 November 2024
Slide 17: Strategic enablers driving future growth
BT Group plc H1 FY25 results 7 November 2024 17 Strategic enablers driving future growth Actuals Future BT Group FY24 H1 FY25 FY28-FY30 Openreach FTTP premises passed 13.8m 15.9m 25m-30m Networks Openreach FTTP take up 34% 35% 40-55% 5G UK population coverage 75% 80% >98% Retail FTTP take up1 2.6m 3