Orange Sa · EURONEXT:ORA
Orange Sa — Q1 2022 Earnings Presentation
17 slides from Orange Sa's earnings presentation, Apr 26, 2022
Slide 1: Orange financial results Q1 2022
Orange financial results #Q1_2022 26th April 2022 Christel Heydemann CEO Ramon Fernandez Delegate CEO Executive Vice President Finance, Performance and Development 1 Q1 22 Results 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements about Orange's financial situation, results of operations and strategy. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to
Slide 3: Section One: Q1 2022 highlights
Section One Q1 2022 highlights Q1 22 Results 3
Slide 4: Q1 Key highlights
Q1 Key highlights A top European fiber network A value strategy enhanced by customer fuelling convergence strategy satisfaction improvement NPS leadership strengthened in France & 11.6m convergent customers in Europe* NPS increased yoy in MEA TKR rebranded into Orange Romania Churn decreased yoy in
Slide 5: Q1 2022 financial achievements
Q1 2022 financial achievements EBITDAaL margin improvement €10.6bn €2.6bn €1.6bn Revenue +0.7% EBITDAaL +1.0% eCapex -5.8% +€71m yoy +€25m yoy -€98m yoy Q1 2022 revenue evolution per activity (yoy in €m) : Q1 2022 revenue growth contribution per segment (yoy in €m) Retail growth much more than offse
Slide 6: Section Two: Business Review
Section Two Business Review 6 Q1 22 Results 6
Slide 7: France
Q1 2022 France Continued retail services acceleration driven by strong volumes and “more for more” strategy Retail services growth fuelled by convergence, fiber and 5G in €m Q1 22 Q1 21 cb yoy cb 3.8% Revenues 4,386 4,415 -0.7% Retail services 2,733 2,688 +1.7% 1.7% Wholesale 1,195 1,279 -6.6% Equip
Slide 8: Europe
Q1 2022 Europe Stabilisation of retail services in €m Q1 22 Q1 21 cb yoy cb Revenues 2,648 2,703 -2.0% Retail services stabilisation yoy… Retail services 1,811 1,812 -0.1% -0.1% Wholesale 432 484 -10.8% Equipment sales 364 373 -2.5% Mobile contract net adds* -34k -4.5% FBB net adds - 27k o\w FTTH ne
Slide 9: Spain
Q1 2022 Spain Improved retail revenues trend in €m Q1 22 Q1 21 cb yoy cb Revenues 1,132 1,188 -4.6% Retail services improving trend driven by -0.3% Retail services 785 818 -4.0% convergent ARPO stabilisation (yoy) Wholesale 197 215 -8.2% -4.0% Equipment sales 150 155 -3.0% -8.4% Convergence net adds
Slide 10: Africa & Middle East
Q1 2022 Africa & Middle East Strong growth in €m Q1 22 Q1 21 cb yoy cb Revenues 1,668 1,535 +8.7% 3 solid growth engines Retail services 1,463 1,340 +9.2% Wholesale 166 159 +4.5% Data Equipment sales 31 26 +17.1% +23.2% yoy revenue growth +21.5% yoy FBB revenue growth Strong growth despite Orange Mo
Slide 11: Enterprise
Q1 2022 Enterprise Topline supported by IT&IS and Mobile Sustained IT&IS growth in €m Q1 22 Q1 21 cb yoy cb Revenues 1,945 1,929 +0.8% +8% yoy Fixed only services 876 931 -5.9% IT & integration services 818 778 +5.1% Mobile 251 220 +14.2% +18% yoy Stabilized revenue evolution +6% yoy +2.3% +0.4% Inc
Slide 12: Totem
Q1 2022 Totem Enhancing value creation from our mobile infrastructure EBITDAaL fuelled by the growth of hosting revenues … …driven by the tenancy ratio increase & new sites… 161 36,336 143 +3.3% 26,884 yoy 136 15% hosting revenues in Q1 22 number of tenants 131 coming from external customers number
Slide 13: Section Four: Guidance
Section Four Guidance 13 Q1 22 Results 13
Slide 14: Guidance 2022
Guidance 2022 Ramp up towards 2023 confirmed 2022 confirmed Growth EBITDAaL, yoy between +2.5 to +3% eCAPEX ≤ €7.4bn Organic Cash Flow (telecom) ≥ €2.9bn Around 2x Net debt / EBITDAaL (telecom) in the medium term Dividend €0.70 The guidance does not include any M&A transaction that has not yet been
Slide 15: Annexes
Annexes 15 Q1 22 Results 15
Slide 16: eCapex down while confirming our FTTH roll-out leadership
eCapex down 60.5m VHBB** connectable lines while confirming o/w our FTTH roll-out 58.5m FTTH connectable lines leadership in FTTH connectable VHBB connectable FTTH connectable Europe lines in France lines in Spain lines in Poland +23% +5% +19% 30.0m 16.3m 6.2m 24.4m 15.5m 5.2m Q1 2022 eCapex €1.6bn
Slide 17: Convergent B2C customer base in million
Convergent B2C customer base in million % of broadband B2C customer base Convergence, France Spain Poland the bedrock of 67% 5.91 3.03 1.56 5.90 1.55 3.02 3.02 5.88 1.53 our strategy 85% 66% 54% 53% 3.01 85% 3.01 5.85 5.86 1.52 5.91 3.01 3.02 3.03 3.02 3.01 1.50 5.85 5.86 5.88 5.90 1.55 1.56 1.50 1.