Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Investor Presentation (December 2025)
28 slides from Magyar Telekom Telecommunications's investor presentation, December 2025
Slide 1: Magyar Telekom Investor Presentation December 2025
Magyar Telekom Investor Presentation December 2025
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: Magyar Telekom at a glance
Magyar Telekom at a glance Overview 2024 revenue composition Integrated ICT operations Other • Leading telecommunications service provider in both Mobile voice countries North Macedonia 7.0% 13.6% 8.1% • Leading SI/IT service provider in Hungary • Offering full spectrum of fixed and mobile services
Slide 4: Financial highlights of 2024
Financial highlights of 2024 Revenue EBITDA AL Adjusted net income Free cash flow 967 bn HUF 333 bn HUF 163 bn HUF 166 bn HUF Earnings per share Dividend per share Share buyback Net debt 172 HUF 100.1 HUF 39.1 bn HUF 336 bn HUF 4
Slide 5: Investment Highlights
Investment Highlights
Slide 6: More favourable environment with sector-specific tax removals
More favourable environment with sector-specific tax removals Key macroeconomic indicators • Inflation on elevated levels in 2025 (4.3% YoY in October), expected to ease by year-end 20% 17.6% Consumption of HH-s 14.5% Consumption of GOV • GDP stagnated YoY in Q1-3 2025, as moderate 15% 3.7% Inflatio
Slide 7: Strong market leading position
Strong market leading position Mobile voice SIM market share1 Mobile data SIM market share1 % % 60 60 40 40 Stable leading position in the 20 20 Hungarian mobile market 0 0 2019 2020 2021 2022 2023 2024 June 2019 2020 2021 2022 2023 2024 June 2025 2025 Fixed broadband market share2,3 TV market share
Slide 8: Outstanding networks: a critical differentiator
Outstanding networks: a critical differentiator Continuous investment into our fixed network Facilitating growing mobile data usage # of access points (th) Total monthly mobile traffic (GB thousand) 5 000 4 538 4 576 4 675 90 000 4 259 4 374 4 435 4 194 80 000 17% 15% 4 000 23% 20% 70 000 31% 19% 41
Slide 9: Consistent improvement in revenue and profitability
Consistent improvement in revenue and profitability Magyar Telekom revenues Seamless connectivity experience HUF bn 7.7% 964.2 1,000 7.7% 848.9 Nort Macedonia 800 745.8 Strong brand, excellent servicing & more- 666.9 673.1 692.8 Other for-more pricing strategy 600 SI/IT 400 Fixed service Mobile serv
Slide 10: Three-pronged strategy for continued success
Three-pronged strategy for continued success Strategic priorities 2025 focus NETWORK & INVESTEMENTS Differentiate via leading network experience by ensuring seamless connectivity Increase fiber coverage by 250,000 access points CUSTOMERS Grow by monetizing high-quality networks & services that enhan
Slide 11: Sustainable practices underpin strategic initiatives
Sustainable practices underpin strategic initiatives Digitalization of Hungary Climate Protection Digital inclusion & education • 5G coverage Scope 1 & 2 Digital inclusion • Gigabit access • Carbon neutrality (since 2015) • Education platforms • Consultancy • Green energy • Child protection • Energy
Slide 12: Committed to delivering sustainable shareholder value
Committed to delivering sustainable shareholder value Record shareholder remuneration for 2024 Enhanced policy for 2025 and beyond • cash dividend of HUF 90.9 billion (~HUF 100 dividend per share) • Target annual shareholder remuneration: 60% - 100% of consolidated adjusted net income, up from 60% -
Slide 13: Q3 2025 Results
a— ZA Q3 2025 Results
Slide 14: Q3 2025 highlights
Q3 2025 highlights Network & Investments ✓ Continued service revenue growth (+1.9% YoY) supported by sustained customer base expansion and ARPU uplift driven by rising data demand ✓ Ongoing network investments underpin future growth potential ✓ Summer gigabit campaigns effectively boost demand for 5
Slide 15: Growing mobile data usage drives positive momentum in mobile segment
Growing mobile data usage drives positive momentum in mobile segment Mobile SIMs Mobile ARPU +3.3% ‘000 HUF +2.8% M2M Q3 2024 Prepaid 6,389 6,569 4,961 Q3 2025 Postpaid Blended +1.1% 5,017 20.6% 23.6% 7,778 Postpaid +3.9% 20.1% 18.9% 8,080 61.0% 58.5% 1,458 Prepaid +10.2% 1,607 59.2% 57.4% 251 M2M +
Slide 16: Fiber uptake fuels fixed market growth
Fiber uptake fuels fixed market growth Broadband, TV and fixed voice quarterly customer net adds Fixed voice, BB and TV ARPU Q3 2024 ‘000 ViDaNet decons. impact Q3 2025 HUF 15 17 13 12 16 8 5,483 5 7 Fixed BB +2.7% -2 5,631 -20 -18 -17 -17 -16 -20 -43 4,467 -45 Pay TV -2.8% 4,342 -10 Q3 Q4 Q1 Q2 Q3
Slide 17: Service revenue growth offset by declines in other revenue streams
Service revenue growth offset by declines in other revenue streams Revenue, Q3 2025 vs Q3 2024 HUF bn -1.3% 252 4.3 250 248 -1.3 246.1 246 -2.9 244 242.9 -3.2 -0.3 0 Q3 2024 Mobile service Fixed service Equipment SI/IT Other Q3 2025 • Service revenue growth driven by continued demand for data and co
Slide 18: EBITDA AL growth driven by higher gross profit and expiry of supplementary tax
EBITDA AL growth driven by higher gross profit and expiry of supplementary tax EBITDA AL, Q3 2025 vs Q3 2024 HUF bn 13.5% 105 1.1 100.6 9.2 100 -0.1 -0.3 95 2.1 90 88.7 0 Q3 2024 Gross profit Supplementary Employee Other opex (net) IFRS 16 impact Q3 2025 telecommunication related expenses tax • Gros
Slide 19: Significant rise in net income driven by EBITDA growth
Significant rise in net income driven by EBITDA growth Net income (and adjusted net income), Q3 2025 vs Q3 2024 HUF bn 20.0% 60 2.9 12.2 55.3 -0.1 55.2 55 -2.3 -1.3 -0.7 50 46.0 44.5 45 -1.5 0 Q3 2024 Adj. Adj.* Q3 2024 EBITDA D&A Net financial Income tax Non-contr. Q3 2025 Adj.* Q3 2025 Adj. net in
Slide 20: Strong free cash flow driven by EBITDA uplift
Strong free cash flow driven by EBITDA uplift Free cash flow 9M 2025 vs 9M 2024 Capex AL, 9M 2025 vs 9M 2024 HUF bn 65.8% 200 9.1 179.8 17.5 -0.2 HUF bn 18.2% 160 45.0 85 3.7 0.6 82.5 80 7.5 0.8 120 108.5 75 69.8 70 0 0 9M 2024 EBITDA Other Proceeds Other 9M 2025 9M 2024 Network IT North Other 9M 20
Slide 21: 2025 guidance reiterated
2025 guidance reiterated 2024 results 2025 guidance 9M 2025 results (change y-o-y) HUF HUF Revenue 967.5 bn 1%-3% growth 725.8 bn (+2.1%) HUF HUF EBITDA AL 333.1 bn ca 15% growth 299.6 bn (+17.3%) HUF HUF HUF Adjusted Net Income 162.6 bn at least 200 bn 165.6 bn (+29.4%) HUF HUF HUF FCF1 165.1 bn at
Slide 22: Appendix
Appendix
Slide 23: Mobile KPIs
Mobile KPIs Postpaid customers Prepaid customers M2M ‘000 ‘000 ‘000 3,785 3,778 3,779 3,774 3,771 1,286 1,274 1,260 1,253 1,553 1,245 1,524 1,402 1,431 1,318 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Average mobile data us
Slide 24: Fixed KPIs
Fixed KPIs Fixed voice customers Fixed broadband customers Pay TV customers 1,666 ‘000 ‘000 ‘000 1,654 1,440 1,438 1,649 1,418 1,214 1,197 1,381 1,390 1,178 1,151 1,134 1,637 1,633 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Slide 25: 9M 2025 revenue and EBITDA AL
9M 2025 revenue and EBITDA AL Revenue, 9M 2025 vs 9M 2024 HUF bn +2.1% 735 2.7 19.5 730 0.1 725.8 725 -4.9 -2.5 720 715 711.0 710 0 9M 2024 Mobile service Fixed service Equipment SI/IT Other 9M 2025 EBITDA AL, 9M 2025 vs 9M 2024 HUF bn 17.3% 310 27.1 3.1 299.6 300 -3.8 -0.5 -0.8 290 280 19.1 270 260
Slide 26: 9M 2025 net income
9M 2025 net income Net income (and adjusted net income), 9M 2025 vs 9M 2024 HUF bn +29% 180 7.8 170 45.0 165.5 0.1 165.6 160 -1.7 -5.8 -1.3 150 140 130 128.0 121.5 120 -6.5 0 9M 2024 Adj. Adj.* 9M 2024 EBITDA D&A Net financial Income tax Non-contr. 9M 2025 Adj.* 9M 2025 Adj. net income result Intere
Slide 27: North Macedonia performance highlights
North Macedonia performance highlights Revenues, Q3 2025 vs Q3 2024 EBITDA AL, Q3 2025 vs Q3 2024 HUF bn +4.5% HUF bn +13.5% 21.0 0.3 20.7 10.0 0.9 9.5 0.6 -0.1 9.5 20.5 0.0 9.0 0.3 20.0 19.8 8.5 8.4 0.0 0.0 Q3 2024 Mobile Fixed SI/IT Q3 2025 Q3 2024 Gross profit Indirect costs IFRS 16 impact Q3 202
Slide 28: For further questions please contact the IR team
For further questions please contact the IR team Diána Párkányi-Várkonyi Capital Market Relations Hub Lead Phone: +36 1 481-7676 Email: varkonyi.diana.annamaria@telekom.hu Rita Walfisch Investor Relations Manager Phone: +36 1 457-6084 Email: walfisch.rita@telekom.hu
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