Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q1 2024 Earnings Presentation
13 slides from Magyar Telekom Telecommunications's earnings presentation, May 15, 2024
Slide 1: Magyar Telekom Group Q1 2024 Results Presentation
MAGYAR TELEKOM GROUP Q1 2024 RESULTS PRESENTATION May 15, 2024
Slide 2: Disclaimer
Disclaimer This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should n
Slide 3: Q1 2024 highlights
Q1 2024 highlights CRM system migration initiated for smoother customer servicing Hungarian gigabit fixed access points over 3.7 million Customer 15% inflation-based fee adjustment across Hungarian Mobile network Network Resilience subscription fees from March 1, modernization in Hungary at 2024 82%
Slide 4: Mobile data continues to remain key growth driver in Hungarian mobile market
Mobile data continues to remain key growth driver in Hungarian mobile market Mobile SIMs Mobile ARPU ‘000 HUF +5.6% M2M Q1 2023 6,324 Prepaid 4,017 Q1 2024 5,987 Blended +10.5% 18.8% 4,439 14.0% Postpaid 23.2% 20.6% 5,851 Postpaid +16.1% 6,793 62.7% 60.5% 1,209 Prepaid +5.9% 1,280 Q1 2023 Q1 2024 Mo
Slide 5: Fiber uptake supporting customer base expansion and ARPU trends
Fiber uptake supporting customer base expansion and ARPU trends Fixed line multiplay residential subscribers Fixed voice, BB and TV ARPU ‘000 HUF +2.7% Q1 2023 1,587 1,630 1,922 Q1 2024 Fixed voice +4.6% 14% 2,010 15% 1Play 44% 2Play 4,226 41% Fixed BB +17.3% 4,955 3Play 3,740 44% 42% Pay TV +11.6%
Slide 6: Revenue growth fueled by inflation-based fee adjustment of the subscription fees
Revenue growth fueled by inflation-based fee adjustment of the subscription fees Revenue, Q1 2024 vs Q1 2023 HUF bn +14.5% 1.9 224.2 6.2 0.3 7.1 12.8 195.9 Q1 2023 Mobile service Fixed service Equipment SI/IT Other Q1 2024 ▪ Growing data usage supports mobile service revenue ▪ Third party equipment
Slide 7: EBITDA AL performance driven by strong gross profit growth coupled with utility tax elimination impact
EBITDA AL performance driven by strong gross profit growth coupled with utility tax elimination impact EBITDA AL, Q1 2024 vs Q1 2023 HUF bn 51.4% 7.8 1.2 77.0 21.4 -1.6 -2.1 -0.4 50.8 Q1 2023 Gross profit Utility tax Supplementary Employee Other operating IFRS 16 impact Q1 2024 telecommunication rel
Slide 8: EBITDA growth driving sharp rise in net income
EBITDA growth driving sharp rise in net income Net income (and adjusted net income), Q1 2024 vs Q1 2023 HUF bn 4.4 38.1 0.9 33.7 -1.7 -2.5 -0.1 12.1 10.5 -1.6 26.6 Q1 2023 Adjustments* Q1 2023 EBITDA D&A Net financial Income tax Non-contr. Q1 2024 Adjustments* Q1 2024 Adjusted result Interests Adjus
Slide 9: Free cashflow reflects favorable EBITDA performance
Free cashflow reflects favorable EBITDA performance Free cashflow, Q1 2024 vs Q1 2023 CAPEX, Q1 2024 vs Q1 2023 HUF bn HUF bn -16.1% 23.5 26.6 13% 19.7 5% 5% 10% 8% 6% 1.0 37% 21% -14.9 -1.9 -0.9 -0.9 40% 55% -10.7 Q1 2023 Q1 2024 Q1 2023 EBITDA Working Other Capex Repayment Q1 2024 North Macedonia
Slide 10: Strong Q1 2024 delivery supports 2024 guidance upgrade
Strong Q1 2024 delivery supports 2024 guidance upgrade Q1 2024 results 2023 results 2024 guidance (change y-o-y) HUF 195.9 bn REVENUE HUF 849.4 bn 5%-10% growth (+14.5%) HUF 50.8 bn EBITDA AL HUF 257.9 bn 20%-25% growth (+51.4%) ADJUSTED NET HUF 93.6 bn ca HUF 140 bn2 HUF 38.1 bn INCOME FCF 1 HUF 86
Slide 11: BACK-UP
BACK-UP
Slide 12: North Macedonia: Q1 2024 results
North Macedonia: Q1 2024 results Revenues, Q1 2024 vs Q1 2023 EBITDA AL, Q1 2024 vs Q1 2023 HUF mn HUF mn +5.2% +3.6% 736 39 18,830 359 7,664 -38 -19 -39 18,171 7,285 Q1 2023 Mobile Fixed SI/IT Q1 2024 Q1 2023 Gross profit Indirect costs IFRS 16 impact Q1 2024 12
Slide 13: For further questions please contact the IR department
? For further questions please contact the IR department: Diána Párkányi-Várkonyi Rita Walfisch Capital Market Relations Hub Lead Investor Relations Manager Phone: +481-7676 Phone: +36 1 457-6084 e-mail: varkonyi.diana.annamaria@telekom.hu e-mail: walfisch.rita@telekom.hu