Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q4 2022 Earnings Presentation
16 slides from Magyar Telekom Telecommunications's earnings presentation, Feb 22, 2023
Slide 1: Magyar Telekom Group Q4 2022 Results Presentation
MAGYAR TELEKOM GROUP Q4 2022 RESULTS PRESENTATION February 22, 2023
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: 2022 Strategic Priorities
2022 STRATEGIC PRIORITIES Network Customers Resilience ▪ Gigabit network rollout: additional 370 ▪ Continued strong momentum in mobile data and ▪ Inflation-based fee adjustment clause thousand new access points expand coverage gigabit broadband demand effective in customer contracts to 3.4m ▪ Succes
Slide 4: 2023 Strategic Objectives and Targets
2023 STRATEGIC OBJECTIVES AND TARGETS #1 CHOICE OF DIGITALLY NATIVE CUSTOMERS BUSINESS MOST ADMIRED UNDISRUPTABLE COMMUNITY TELEKOM 4
Slide 5: Growing Demand for Data Continues to Drive Positive ARPU Momentum
GROWING DEMAND FOR DATA CONTINUES TO DRIVE POSITIVE ARPU MOMENTUM Mobile SIMs Mobile ARPU ‘000 HUF +5.6% M2M Q4 2021 5,950 Prepaid 3,752 Q4 2022 5,634 Blended* +3.1% 12.7% 3,870 10.3% Postpaid 25.8% 23.7% 5,336 Postpaid* +4.2% 5,562 64.0% 63.7% 1,193 Prepaid +3.4% 1,234 Q4 2021 Q4 2022 Mobile data S
Slide 6: Continued Customer Base Expansion Fuelled by Growing Fiber Penetration
CONTINUED CUSTOMER BASE EXPANSION FUELLED BY GROWING FIBER PENETRATION Fixed line multiplay residential subscribers Fixed Voice, BB and TV ARPU ‘000 HUF +3.4% Q4 2021 1,530 1,582 1,952 Q4 2022 Fixed voice -5.5% 15% 1,844 17% 1Play 41% 2Play 3,702 38% Fixed BB +6.1% 3,926 3Play 44% 3,360 45% Pay TV +
Slide 7: Revenue Growth Driven by Sustained Commercial Momentum
REVENUE GROWTH DRIVEN BY SUSTAINED COMMERCIAL MOMENTUM Revenue, Q4 2022 vs Q4 2021* ▪ Growth in mobile service revenues driven by HUF bn +3.6% 3.2 strong demand for data 7.0 3.8 199.2 -2.3 ▪ Fixed service growth attributable to strong 192.3 -4.7 demand for broadband and TV services ▪ Increased avera
Slide 8: EBITDA AL Performance Impacted by External Headwinds
EBITDA AL PERFORMANCE IMPACTED BY EXTERNAL HEADWINDS EBITDA AL, Q4 2022 vs Q4 2021 ▪ Increase in gross profit attributable to positive HUF bn -4.9% underlying telecommunication service developments 8.6 ▪ Recently imposed supplementary telecommunication 58.6 -5.7 55.7 tax booked in relation to revenu
Slide 9: Supplementary Telecommunication Tax and Weakening Forint Weigh on Net Profit
SUPPLEMENTARY TELECOMMUNICATION TAX AND WEAKENING FORINT WEIGH ON NET PROFIT Net income (and adjusted net income), Q4 2022 vs Q4 2021 HUF bn ▪ Lower D&A reflects copper network retirement, -9.9% 5.0 lower SW-related D&A expenses and lower 18.7 0.6 16.9 0.3 17.1 spectrum-related amortization in Hunga
Slide 10: Capex Pressure from Weakening Forint and Cost Inflation
CAPEX PRESSURE FROM WEAKENING FORINT AND COST INFLATION CAPEX AL, 2022 vs 2021 HUF bn 193.4 +15.9% 3.1 129.7 7.4 126.7 3.3 1.2 2.3 4.1 109.3 -84.2 -1.0 2021 w/ spectrum 2021 w/o Fixed Mobile Other Fiber Other North Mac. 2022 w/o spectrum 2022 w/ spectrum licenses spectrum network network network pro
Slide 11: Free Cashflow Reflects Challenging External Environment
FREE CASHFLOW REFLECTS CHALLENGING EXTERNAL ENVIRONMENT Free cashflow, 2022 vs 2021 HUF bn -9.4% 2.4 7.2 55.2 1.1 56.2 8.3 50.9 5.1 1.4 3.6 47.4 2021 Spectrum 2021 w/o EBITDA Change of Capex Repayment of Other changes 2022 w/o Spectrum 2022 payments Spectrum working payments lease liabilities Spectr
Slide 12: Delivery Against 2022 Financial Targets
DELIVERY AGAINST 2022 FINANCIAL TARGETS 2022 results 2021 results 2022 guidance (change YoY) HUF 746.7 bn REVENUE HUF 692.8 bn ca 5% growth (+7.8%) HUF221.5 bn EBITDA AL HUF 216.3 bn moderate decline (+2.4%) HUF 126.7 bn CAPEX AL1 HUF 109.3 bn broadly stable (+15.9%) HUF 50.9 bn FCF 1 HUF 56.2 bn mo
Slide 13: 2023 Public Guidance and 2024 Outlook
2023 PUBLIC GUIDANCE AND 2024 OUTLOOK 2022 results 2023 guidance 2024 outlook REVENUE HUF 746.7 bn 5%-10% growth mid-single digit growth EBITDA AL HUF 221.5 bn 5%-10% growth dynamic growth Adjusted net income HUF 63.0 bn moderate growth dynamic growth FCF 1 HUF 50.9 bn ca HUF 60bn dynamic growth 1 E
Slide 14: Shareholder Remuneration After 2022 Results
SHAREHOLDER REMUNERATION AFTER 2022 RESULTS On the 23rd of February 2022, The Board of Directors of Magyar Telekom Nyrt. (the ”Company”) approved the shareholder remuneration policy applicable for earnings in 2022-2024 which envisages growth in annual shareholder remuneration as a combination of div
Slide 15: Q&A
Q&A ? 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
Slide 16: North Macedonia: Q4 and Full Year 2022 Results
NORTH MACEDONIA: Q4 AND FULL YEAR 2022 RESULTS Revenues, Q4 2022 vs Q4 2021* EBITDA AL, Q4 2022 vs Q4 2021 HUF mn +17.4% HUF mn +10.0% 528 1,725 19,690 2,588 -199 6,801 16,773 -1,073 -32 6,181 Q4 2021 Mobile Fixed SI/IT Q4 2022 Q4 2021 Gross profit Indirect costs IFRS 16 impact Q4 2022 Revenues, FY