Telekom Austria Ag · VIE:TKA
Telekom Austria — Investor Presentation (October 2025)
36 slides from Telekom Austria's investor presentation, October 2025
Slide 1: Investor Presentation October 2025
Draft for internal discussion Investor Presentation October 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 or by ›outlook‹. Actual events may differ materially from those anticipate
Slide 3: A1 at a glance: Former Austrian incumbent and a platform for growth in Eastern Europe
A1 at a glance: Former Austrian incumbent and a platform for growth in Eastern Europe Belarus 5.4 bn 2.0 bn 37 % Total revenues EBITDA EBITDA margin Austria Slovenia Croatia 27.1 mn 6.4 mn 40 EurC Serbia Bulgaria Fixed RGUs Dividend North Wireless subscribers Macedonia >10% CAGR last 7 years #1 #3 0
Slide 4: Well-balanced performance across geographic footprint
Well-balanced performance across geographic footprint Revenue split (FY 2024) Growth driver CEE EBITDA split (FY 2024) Bulgaria 15% YoY Growth rate 2024 Bulgaria 17% Croatia Croatia 11% 11% 5.6% Belarus +7.7% Belarus 8% 10% CAGR Slovenia Slovenia 4% 3% +1.7% Serbia CAGR Serbia 0.3% 7% 7% Austria N-M
Slide 5: Market Shares
Market Shares Austria Bulgaria Croatia Belarus Serbia Slovenia N.-Macedonia 26% 27% 40% Mobile 34% 37% 42% 52% #1/3 #2/3 #2/3 #2/3 #3/3 #3/4 #1/2 2% 9% 55% 34% 32% 14% 31% Fixed #1/3 #2/2 #2/3 #2/2 3/3 #3/4 #2/3 Mobile and fixed market positions both based on Service Revenues Market Shares per Q1 20
Slide 6: Financials
Financials
Slide 7: Financial performance
Financial performance (Unless otherwise stated, in € mn) Revenues EBITDA Free cash flow +3% +5% +62% 5,005 5,251 5,413 1,924 2,021 603 575 1,838 354 36.7% 36.6% 37.3% 2022 2023 2024 2022 2023 2024 2022 2023 2024 EBITDA margin CAPEX (incl frequencies) Net debt Balance sheet & equity ratio -21% 9,557
Slide 8: Sustainable growth and strong free cash flow
Sustainable growth and strong free cash flow Revenues consistently growing EBITDA increased significantly Robust free cash flow CAGR CAGR Avg. 4.4% 6.4% € 505 mn/yr 5,005 5,251 5,413 1,924 2,021 4,549 4,748 1,706 1,838 603 1,577 575 504 487 354 35% 36% 37% 37% 37% 11% 12% 11% 10% 7% 2020 2021 2022 2
Slide 9: Sustainably rising dividend and strong deleveraging as solid foundation for future growth
Sustainably rising dividend and strong deleveraging as solid foundation for future growth Sustainable dividend policy Net debt reduction Dividend per share, in EURc >10% 0.95 0.94 EPS CAGR 0.97 0.80 0.76 0.73 0.91 0.58 0.52 0.53 0.68 FCF/ 0.58 share 2.0 0.36 0.49 0.36 0.4 1.7 0.28 0.32 1.3 1.3 40 DP
Slide 10: Strong growth performance within peer group
Strong growth performance within peer group Revenues, CAGR EBITDAaL adj., CAGR Standard & Poor’s rating 2020-2024 2022-2024 2020-2024 2022-2024 A1 Group 4.4% 4.0% 5.9% 3.5% Proximus AA+ OTE AA AA- Telia A+ A Telenor A- A1 Group Telenor + Swisscom + KPN BBB+ Orange DT OTE Telia Proximus + BBB KPN Ora
Slide 11: Strategy
Strategy
Slide 12: Strategy follows the vision: Empowering digital life
Strategy follows the vision: Empowering digital life Evolve the core Explore the new Transparency & Growth & Autonomy Inspiration • From network to • Scaling-up the portfolio connectivity plus Take Learn & • Develop eco-systems and • From product driven to ownership innovate partnerships to enrich c
Slide 13: Unfolding our business opportunities
Unfolding our business opportunities Core business New Business regulated unregulated 90% > 75% 10% > 25% 13 14
Slide 14: Unfolding our business opportunities
Draft for internal discussion Unfolding theopportunities Unfolding our business opportunities Evolve the CORE Evolve Extend Expand Enable Push Scale CORE B2B SME SME Financial Financial the #1 to #1 Digital Services (ICT) Business Services Services 14 14 14
Slide 15: Evolve the CORE to #1
Unfolding our business opportunities Evolve the CORE to #1 From Product to From Network to Customer Journey Connectivity @Scale Plus 15
Slide 16: Accelerating growth from B2B Digital Services
Accelerating growth from B2B Digital Services Total Revenues Gross, mEUR Growth pillars CAGR +19% Since 2021… … with Potential 479 466 Cloud +30% SME Security +33% 370 ~99% 58% Doubled Enterprises Level of Global cyber 285 in Europe digitalisation attacks in 4 yrs enabled by Capabilities for SME ena
Slide 17: Advancing with Exoscale – Our sovereign European cloud solution
Advancing with Exoscale – Our sovereign European cloud solution • Sovereign European Cloud Leadership • Not subject to US Cloud Act • ISO-certified, high-quality data centers • Largest geographic footprint in DACH & CEE • Robust Ecosystem & Customer Trust • 200+ reseller partners and strong customer
Slide 18: Driving transformation for scalable growth in B2B digital services
Driving transformation for scalable growth in B2B digital services with… B2B Digital BDC Services ~800 Security Network Datacenter Modern Cloud Delivery Center Workplace FTE (BDC) target › Customer facing YE 2025 B2B B2B Footprint AT | CEE OFF-Footprint 18
Slide 19: Driving transformation for scalable growth … and a Competence Delivery Center
Driving transformation for scalable growth … and a Competence Delivery Center Competence Delivery Center 19 1 2.300 Skill (CDC) different delivery international FTE over location › Active centers in one CDC team › Non-customer facing • Build on our local sales asset • Investments in the markets • Sc
Slide 20: Sustainability
Sustainability oe 3c8 le a Vere mscl QQ ° EUROPEAN GREEN ccc] 8 | 66 [oes MEM AA [Aaa DIGITAL COALITION INDUSTRY = TOP RATED | a 20 , United Nations Global Compact o JAC COOPERATION Al
Slide 21: 2025-2030 ESG Strategy
2025-2030 ESG Strategy CO2 emissions Energy efficiency Circularity E-Waste Net-Zero goal by 2030 80% goal 50% goal Zero-equipment to landfill Scope 1&2: -90% Increase energy efficiency to By 2030, the takeback of devices* Sustainable treatment* of 100% of Scope 3: -60% reduction 80% by 2030 (BY 2019
Slide 22: The share
The share
Slide 23: Shareholder structure
Shareholder structure Two strong shareholders ÖBAG (Österreichische Beteiligungs AG) ÖBAG • ÖBAG: independent holding company of state 28.4% assets. Mission is to preserve and grow its investments for generations. • Investment portfolio includes also: OMV, Retail Verbund, Post, Casinos Austria, etc.
Slide 24: Syndicate agreement between América Móvil and ÖBAG
Syndicate agreement between América Móvil and ÖBAG On February 6, 2023, both parties agreed on a new syndicate agreement with a term of 10 years. The publicly known cornerstones of this agreement are the following: General • Headquarters to remain in Austria • Commitment to the listing at the Vienna
Slide 25: Share price
Share price AT0000720008 Tela.VI TKA AV • Shares outstanding: 664,084,841 • Listing: Vienna Stock Exchange Institution Rating Price (€) 180 AlphaValue/Baader Europe Buy 11.40 Bank Pekao Buy 11.60 160 Bernstein Buy 11.00 ATX 140 TKA Citigroup Hold 9.60 STOXX Europe 600 Deutsche Bank Hold 10.40 120 Te
Slide 26: Revenues and CAPEX outlook
Revenues CAPEX +2-3% < € 800 mn p.a. (before: ~ € 800 mn) CAPEX excluding spectrum and M&A 26 15
Slide 27: Capital allocation follows conservative financial policy for long-term value creation
Capital allocation follows conservative financial policy for long-term value creation within rating framework Ambition to be A- rated (currently: A-/A3) Conservative Sustainable Value-accretive financial policy dividend policy M&A Developing in line with operational I. In market consolidation Ambiti
Slide 28: Reasons to invest
Draft for internal discussion Reasons to invest Digital leader in CEE Financial Performance Broadband Internet | Mobile & Home Entertainment | Voice Telephony | Data & IT Services | Security | Digital Payments > € 500 mn free cash flow p.a. ✓ Exploiting growth opportunities in digital services on th
Slide 29: Appendix
Appendix
Slide 30: Management Board
Management Board Deputy CEO CEO Alejandro Plater (*1967, Argentina) Thomas Arnoldner (*1977, Austria) • Board member since August 2015 • Board member since September 2018 o 2015-2018 as CEO, 2018-2023 as COO o 2018-2023 as CEO • Before A1, senior roles at Ericsson • Before A1, board functions at Alc
Slide 31: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment-grade ratings As of September 30, 2025 Overview (September 30, 2025) Lines of credit (September 30, 2025) Credit ratings • Total financial debt: EUR 804 mn • Total committed lines: EUR 1,315 mn A3/A- • Average cost of debt: 1.55% o Average term to maturit
Slide 32: P&L Q3 and Q1-Q3 2025
P&L Unless otherwise stated, all Q3 2025 Q3 2024 Δ Q1-Q3 2025 Q1-Q3 2024 Δ amounts in EUR mn Revenues 1,401 1,354 +3.5% 4,085 3,937 +3.8% Q3 and Q1-Q3 2025 OPEX (838) (806) +3.9% (2,523) (2,431) +3.8% EBITDA 563 548 +2.8% 1,562 1,506 +3.7% Total OPEX increases in both periods Margin 40.2% 40.4% –0.3
Slide 33: Q1-Q3´25: Service revenue growth on the back of mobile core, solutions & connectivity
Q1-Q3´25: Service revenue growth on the back of mobile core, solutions & connectivity business, broadband and TV Service Revenues 3.412 mEUR +66 (+2.0%) 3.412 3.346 Q1-Q3 ‘24 Mobile Core Cubes BB + TV Fixed Voice IC Solutions & VR / NR Other Rev. Q1-Q3 ‘25 Connectivity 33 Cubes: NetCubes and Data Bo
Slide 34: Q1-Q3´25: EBITDA growth driven by service revenues and cost control
Q1-Q3´25: EBITDA growth driven by service revenues and cost control despite higher investments into market and customer EBITDA 478 mEUR EBITDA 1.562 mEUR +56 Excl. restruct. and one-offs: (+3.7%) +50 (+3.2%) 1.562 1.506 Q1-Q3 ‘24 Mobile Fixed & Other Equipment Restructuring Other Q1-Q3 ‘25 margin Co
Slide 35: Free Cash Flow
Free Cash Flow Unless otherwise stated, all amounts Q3 2025 Q3 2024 Δ Q1-Q3 2025 Q1-Q3 2024 Δ Q1-Q3 2025 in EUR mn EBITDA 563 548 2.8% 1,562 1,506 3.7% Restructuring charges, cost of labor 22 24 -7.1% 77 65 18.9% obligations Lease paid (principal, interest, (101) (96) 5.6% (306) (289) 6.0% prepaymen
Slide 36: Contacts
Draft for internal discussion Contacts Susanne Aglas-Reindl Head of Investor Relations Telekom Austria AG Lassallestraße 9 1020 Wien M +43 664 66 39420 T +43 50 664 39420 @ susanne.aglas-reindl@A1.group 36 36
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