Telekom Austria Ag · VIE:TKA
Telekom Austria — Q1 2025 Earnings Presentation
18 slides from Telekom Austria's earnings presentation, Apr 29, 2025
Slide 1: Results for Q1 2025
Draft for internal discussion Results for Q1 2025 April, 29 2025 1 1
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward-looking statements. These forward-looking statements are usually accompanied by words such as 'believe', 'intend', 'anticipate', 'plan', 'expect' and similar expressions. Actual events may differ materially from those anticipated in these forwa
Slide 3: Summary Q1
A1 Group Summary Q1 ▪ Total revenues +3.7% with increases in service & equipment revenues ▪ Service revenues +3.5% driven by growth in all CEE markets ▪ EBITDA +5.2%, + 8.1% excl. restructuring ▪ FCF EUR 153 mn (+197%) ▪ ICT: B2B Digital services (BDC) competence delivery center launched ▪ Austria:
Slide 4: Mobile subscribers well on track
Mobile subscribers well on track Mobile Subscribers 27.588 k Postpaid 24.022 k +8.4% +10.1% +0.5% 2,101 27,588 Mobile subscriber 121 2,196 216 24,022 excl. M2M 1,980 25,440 A1D 1,980 46 21,818 8 A1D +2.0% ARPU operative EUR 11.4 Q1 2024 AUT International Q1 2025 Q1 2024 AUT International Q1 2025 ARP
Slide 5: Strong demand for fixed broadband and TV in CEE
Strong demand for fixed broadband and TV in CEE Broadband RGUs 2.815 k TV@Home RGUs 2.045 k RGUs: +2.6% +7.5% 2,815 +14.6% yoy 2,744 105 2,045 advanced -33 broadband 138 1,903 4 +3.5% yoy ARPL operative EUR 27.0 Q1 2024 AUT International Q1 2025 Q1 2024 AUT International Q1 2025 ARPL operative = in
Slide 6: Main Financials Q1 2025
Main Financials Q1 2025 Total Revenues Service Revenues EBITDA 1.314 mEUR 1.108 mEUR 478 mEUR Euro excl. restructuring 13.2% 8.6% 8.2% 8.1% 3.7% 5.2% 3.5% 2.5% -0.9%* -0.7%* -3.6% A1 Group Austria AUT International A1 Group AUT Austria International A1 Group AUT Austria International *Austria excl.
Slide 7: Service revenue growth on the back of mobile core, broadband, TV, solutions & connectivity
Service revenue growth on the back of mobile core, broadband, TV, solutions & connectivity business Service Revenues 1.108 mEUR +3.5% 1.108 1.071 Q1 2024 Mobile Core Cubes BB + TV Fixed Voice IC Solutions Connectivity VR / NR Other Rev. Q1 2025 Cubes: NetCubes and Data Boxes. 7
Slide 8: EBITDA growth driven by service revenues and cost efficiencies
EBITDA growth driven by service revenues and cost efficiencies EBITDA 478 mEUR Excl. restruct. 24 38 (+8%) (5%) 478 454 Q1 2024 Mobile Fixed & other Equipment margin Restructuring Other Core OPEX Q1 2025 Mobile = Retail mobile service revenues + Visitor and National Roaming + IC margin mobile – roam
Slide 9: Free Cash Flow
Free Cash Flow Q1 2025 Unless otherwise stated, all amounts Q1 2025 Q1 2024 Δ in EUR mn EBITDA 478 454 5.2% Free Cash Flow in Q1 2025 higher due Restructuring charges, cost of labor 37 22 64.6% to obligations Lease paid (principal, interest, (104) (97) 7.5% • Higher operational result, prepayments)
Slide 10: Focus Point Q1
Focus Point Q1
Slide 11: Accelerating growth from B2B Digital Services
Accelerating growth from B2B Digital Services Growth pillars Total Revenues Gross, mEUR Since 2021… … with Potential CAGR +19% Cloud +30% SME 466 479 Security +33% ~99% 58% Doubled 370 Enterprises Level of Global cyber in Europe digitalisation attacks in 4 yrs 285 enabled by Capabilities for SME ena
Slide 12: Outlook
Outlook
Slide 13: Revenues and CAPEX outlook
Revenues CAPEX +2-3% ~ € 800 mn p.a. (before € 850 mn) CAPEX ex. spectrum 13 15
Slide 14: Appendix
Appendix
Slide 15: Customer development
Customer development Mobile subscribers (in thousand) RGUs (in thousand) Group ARPU and ARPL op.* +1.8% y-o-y 25,949 26,666 27,122 27,588 +2.0% +3.5% 25,441 6,267 6,283 6,293 6,352 6,379 27.0 26.1 30% 31% 31% 32% 32% 86% 86% 85% 86% 87% 44% 44% 44% 44% 44% 11.4 11.2 26% 25% 25% 24% 24% Q1 2024 Q2 20
Slide 16: P&L Q1 2025
P&L Unless otherwise stated, all Q1 2025 Q1 2025 Q1 2024 Δ amounts in EUR mn Revenues 1,314 1,267 +3.7% Core OPEX excl. restructuring OPEX (837) (813) +2.9% decreased by 1.6% EBITDA 478 454 +5.2% • Supported by lower costs for network Margin 36.4% 35.9% +0.5pp maintenance and lower total one-off eff
Slide 17: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment-grade ratings As of March 31, 2025 Overview (March 31, 2025) Lines of credit (March 31, 2025) Credit ratings • Total financial debt: EUR 749 mn • Total committed lines: EUR 1,315 mn Average cost of debt: 1.50% A3/A- • o Average term to maturity: 1.71 year
Slide 18: Draft for internal discussion
18 18 Draft for internal discussion