Slide 1: FY 2023 Financial Results
FY 2023 Financial Results Orange Belgium Feb 9, 2024 1 Orange Restricted
Slide 2: Disclaimer
Disclaimer This presentation might contain forward-looking statements about Orange Belgium in particular for 2023. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently co
Slide 3: Section one: Lead the Future
Section Lead the one Future 3 Orange Restricted
Slide 4: Lead the Future: First strong promising achievements in 2023
Lead the Future_: First strong promising achievements in 2023 We care for people: a Our future is defined by a Our future is defined by an resilient, modern and Customer Experience outstanding multi-gigabit responsible company with Excellence, managing a networks’ leadership strong human and ESG mul
Slide 5: We act today as One Operator on the market
Integration of VOO on track We act today as One Operator on the market Common and aligned network strategy Common commercial operations and objectives New organisation in place for a better efficiency Synergy plan confirmed and operationally on track 5 Orange Restricted
Slide 6: Section two: Commercial and Financial Results
Section Commercial two and Financial Results 6 Orange Restricted
Slide 7: FY 2023 Key achievements
FY 2023 Key achievements Revenues Commercial Financial VOO figures included with 7 months of VOO Belgium VOO figures included as of June 2023 Cable €1 749.5m Belgium +4.6+4.+4.6% yoy1 customers EBITDAaL Mobile contract excl. M2M 987 k €451.3m +5.5%yoy1 +0.3% yoy1 3.32 m Belgium eCapex +4.0%yoy1 (exc
Slide 8: Results 2023 exceeding EBITDAaL guidance
Results 2023 exceeding EBITDAaL guidance H1’23 H2’23 FY’23 Guidance Revenues Low single-digit growth +2.9% +5.9% +4.6% growth vs. 2022 EBITDAaL €430m-€450m €178.8m €272.6m €451.3m eCapex* €290m-€310 m €109.2m €194.9m €304.1m * Excludes payment of licence fees 8 Orange Restricted
Slide 9: Cable and Mobile Postpaid customer base and net adds
Cable and Mobile Postpaid customer base and net adds VOO figures included as of H2 2023 Cable customers in thousands Postpaid mobile customers in thousands 38 39 71 61 30 29 26 26 46 22 21 41 36 39 33 16 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 987 H1 2020 H2 2020 H1 2021 H2 2
Slide 10: H2 revenues growing by 5.9% yoy on comparable basis
H2 revenues growing by 5.9% yoy on comparable basis* Comparable Revenues evolution (€ m) +5.9% +1,009.0 Visitor roaming +25.0 other WHS +37.8 MVNO -6.7 Convergent service revenues Voice / SMS Convergent +23.8 service Mobile service Mobile only service +2.1 revenues +11.9 Fixed & IT service Fixed & I
Slide 11: H2 EBITDAaL stable on a comparable basis
H2 EBITDAaL stable on a comparable basis* Comparable EBITDAaL evolution (€ m) 0.0% +56.1 +37.8 Retail -27.2 service -7.1 Equipment +25.0 and other -21.8 +272.6 +272.6 -6.7 Wholesale H2 2022 Revenues Direct Labor Indirect H2 2023 costs costs costs 11 *Comparable base includes VOO Orange Restricted
Slide 12: FY eCapex increasing by 4.1% yoy on a comparable basis
FY eCapex increasing by 4.1% yoy on a comparable basis* Comparabale eCapex evolution(€ m) excluding spectrum fees +4,1% 304 292 eCapex 2022 2023 12 *Comparable base includes 7 months VOO Orange Restricted
Slide 13: Section three: 2024 Guidance
Section 2024 three Guidance 13 Orange Restricted
Slide 14: 2024 new guidance
2024 new guidance Guidance EBITDAaL €515-535m eCapex* €365-385m * Excludes payment of licence fees 14 Orange Restricted
Slide 15: Section four: Q&A
Section four Q&A 15 Orange Restricted