Hrvatski Telekom D.d. · ZSE:HT
Hrvatski Telekom D.d — 9M 2009 Earnings Presentation
20 slides from Hrvatski Telekom D.d's earnings presentation, Oct 30, 2009
Slide 1: Business and Financial Review January – September 2009
Business and Financial Review January – September 2009 Ivica Mudrinić, President of the Management Board and CEO Juergen P. Czapran, Member of the Management Board and CFO 30 October 2009 Presentation topic Author, additional details Date, page 1
Slide 2: Disclaimer
Disclaimer These materials and the oral presentation do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company nor should they or any part of them or the fact of their distribution form t
Slide 3: Business Environment Highlights: Croatian Economy and Regulation
Business Environment Highlights Jan – Sep 2009 Croatian Economy and Regulation Economy GDP decrease of 6.3% in Q2 2009 Final consumption expenditure of households decreased by 9.4% in Q2 2009 August 2009 – new personal income tax, increased VAT rate to 23% and 6% fee on mobile communication se
Slide 4: Group Highlights
Jan – Sep 2009 Group Highlights Maintained leadership position in all business segments Business performance resilient despite recession Broadband and broadband-related services showing growth Mobile subscribers continue to rise Balance sheet and cash reserves remaining strong Positionin
Slide 5: Group Revenue Development
Group Revenue Development Jan – Sep 2009 (1) Revenue breakdown HRK million 6,635 6,525 Misc. 3 15 Further growth in Internet revenue but 150 139 650 erosion in mobile revenue after several 845 years of growth 580 510 -1.7% 3136 3102 6,635 -9.5% +30.0% +0.7% 6,525 +1 -201 -1.1% +195 -34 --12.0% -70
Slide 6: T-Com Highlights
T-Com Highlights Jan –Sep 2009 Market leadership maintained through competitive services and tariffs Broadband services continuing to grow and to deliver increased revenue EBITDA down due to decreased revenue from fixed telephony, data and wholesale and an increase in merchandise and other exp
Slide 7: Fixed Telephony
Fixed Telephony Jan – Sep 2009 Total mainlines of all types 4.1% less than on Q3 2008 (1.1% less than on Q2 2009) ARPA impacted by traffic decrease due to fixed to mobile substitution and an increase in VoIP usage No. of POTS (1) mainlines (’000) No. of ISDN mainlines (’000) -3.5% -10.7% 1,451 1
Slide 8: Internet Services
Internet Services Jan –Sep 2009 Revenue up by 30.1% to HRK 847 million (22.2% of T-Com revenue) MAXadsl – continues to be the most popular choice among Croatian Internet users Demonstrating the value of offered service quality - almost 17,000 net adds in Q3 2009 ADSL ARPA increased due to pe
Slide 9: Wholesale and Data Services
Wholesale and Data Services Jan – Sep 2009 Wholesale Slower growth of ULL: 5,562 net adds in Q3 2009 vs 8,531 in Q2 2009 Number portability increased by 35.4% and slight increase of CPS by 2.6% Revenue overtaken by Internet services Data Continuous migration efforts to IP-based services In
Slide 10: T-Mobile Highlights
T-Mobile Highlights Jan – Sep 2009 Revenue down mostly as prepaid customers tighten spending EBITDA decrease as a result of savings from increased efficiency being offset by the decline in revenue Capex increase as a result of more even monthly distribution of investments during the year Con
Slide 11: T-Mobile Operational Data
T-Mobile Operational Data Jan – Sep 2009 Retained leadership in competitive market; subscribers up 10.1% to 2.88 million Market share of subscribers: 47.4% More than 17,000 net adds in Q3 2009 Postpaid subscribers increased by 16.0%, now 31.1% of total subscribers Declining ARPU trend addi
Slide 12: Group Financial Highlights
Group Financial Highlights Jan – Sep 2009 IFRS, unaudited HRK million Jan - Sep Jan - Sep % 2008 2009 change Revenue (1)(2) 6,635 6,525 -1.7% EBITDA before exceptional items 3,193 3,053 -4.4% EBITDA margin before exceptional items 48.1% 46.8% -1.3 p.p. Net profit 1,888 1,747 -7.5% Net profit margin
Slide 13: Group 2009 Outlook
Group 2009 Outlook Revenue The Group has consistently indicated that revenue will fall in 2009 because of the economic situation in Croatia and, more recently, because of the impact of new taxes and levies imposed by the Government. However, the Group believes that its revenue will decline less th
Slide 14: Appendix
Appendix For personal use only and not for distribution or copying Page 14
Slide 15: Consolidated Income Statement
Consolidated Income Statement Jan-Sep 2009 T-HT Group Jan-Sep Jan-Sep % of change in HRK million (IFRS HT accounting policies) 2009 2008 09/08 Fixed telephony 1,914 2,115 -9.5% Mobile telephony 3,102 3,136 -1.1% Wholesale services 510 580 -12.0% Internet services 845 650 30.0% Data services 139 150
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Jan-Sep 2009 T-HT Group At 30 Sep At 31 Dec % of change in HRK million (IFRS HT accounting policies) 2009 2008 09/08 Intangible assets 1,051 1,049 0.2% Property, plant and equipment 6,414 6,428 -0.2% Non-current financial assets 487 404 20.5% Receivables 34 36 -3.5% Deferr
Slide 17: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Jan-Sep 2009 T-HT Group Jan-Sep Jan-Sep % of change in HRK million (IFRS HT accounting policies) 2009 2008 09/08 Profit before tax 2,205 2,423 -9.0% Depreciation and amortization 1,048 1,010 3.8% Decrease of inventories 23 0 - Total increase of cash flow from operati
Slide 18: Croatia and its telecom market
Croatia and its telecom market Jan – Sep 2009 Croatia at a glance Economic data 4.4 million population Zagreb GDP(1) per capita (2008): €9,344 Rijeka Osijek 1.5 million households Real GDP growth (Q2 2009): -6.3% Largest 10 cities house 36% of population Unemployment rate(2) : 14.7%
Slide 19: Capital Markets Highlights
Capital Markets Highlights Jan – Sep 2009 T-HT Share and GDR as compared to CROBEX and DJ Euro Ownership structure Stoxx Telecommunication Index 1 January 2009 - 30 September 2009 Deutsche 140 Private and Telekom; institutional 51.0% investors; 120 100 38.4% 80 60 40 War Veterans' 20 Republic of Fun
Slide 20: Investor Relations Contact
Investor Relations Contact Erika Kašpar Tel: +385 1 491 2000 Elvis Knežević Tel: +385 1 491 1114 Anita Marić Šimek Tel: +385 1 491 1884 Investor Relations e-mail: ir@t.ht.hr www.t.ht.hr/eng/investors/ London Stock Exchange GDR trading symbol: THTC Zagreb Stock Exchange Share trading symbol: HT
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