Telia Company Ab · OMXSTO:TELIA
Telia Company Ab — Q2 2026 Earnings Presentation
25 slides from Telia Company Ab's earnings presentation, Jul 17, 2026
Slide 1: Telia Company Q2 2026
Telia Company Q2 2026 July 17, 2026
Slide 2: Continued good momentum, revenue growth accelerated
Continued good momentum, revenue growth accelerated Customers − NPS continued to trend up − Record FIFA World Cup data and streaming volumes handled with good quality − Tens of millions of fraud calls blocked Active portfolio − In-market consolidation deals in Sweden − Norway RAN sharing pending fin
Slide 3: Financial highlights Q2
Financial highlights Q2 Service revenue: +2.8% Service revenue Like for like growth - Strong Consumer and Business- and Mission Critical services 2.8% - Sweden and Lithuania remained solid, while Norway accelerated 2026 outlook: ~2% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Adjusted EBITDA: +3.4% Adjusted EBITD
Slide 4: Sweden
Sweden ARPU Continued strong KPI trend across mobile, broadband and TV, with 1.1m converged households Mobile postpaid Halebop brand successfully discontinued to drive simplification and improve channel mix 30 Bredband2 integration and synergy realization developing in line with plan 21 22 8 23 -0.8
Slide 5: Finland
Finland ARPU Improving mobile customer base development in a competitive market Mobile postpaid 10 Focus on retention and loyalty continues, with a majority of customers now in fixed-term contracts -6 -35 -24 -14 -1.7% Good progress made to further simplify the organization, resource cost reduction
Slide 6: Norway
Norway ARPU Improved commercial momentum across mobile and fixed Mobile postpaid Service revenue back in growth territory, EBITDA held back by tough content cost comparable 2 -2 -11 -10 -27 +5.2% Subscriber trend improved and ARPUs continued to grow supported by pricing actions FTTH upgrading progre
Slide 7: Lithuania
Lithuania ARPU Secured continued 5G leadership from multi-band spectrum auction, adding 40 MHz of 1,500MHz spectrum Mobile postpaid and renewing 2,100MHz spectrum Service revenue growth remained solid across both mobile and fixed +4.7% 16 7 EBITDA growth accelerated due to solid cost control 5 5 4 Q
Slide 8: Estonia
Estonia ARPU Growth accelerated on improved mobile monetization, lower discounting and momentum in home security Mobile postpaid Supply chain limitations eased somewhat, contributing to recovery in ICT deliveries 1 6 +3.4% Strengthening network quality and technology leadership with 5G SA and fiber
Slide 9: Financials
Financials @
Slide 10: Service Revenue & EBITDA
Service Revenue & EBITDA Service revenue Adjusted EBITDA Like for like growth Like for like growth 2.8% 6.2% 2.1% 2.1% 4.4% 3.7% 4.0% 3.4% 1.0% 1.0% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26e Q4 26e All markets contributed to growth in Q2 EBITDA margin improved to 40.5% vs. 4
Slide 11: OPEX & CAPEX
OPEX & CAPEX OPEX CAPEX and Adjusted EBITDA less CAPEX Return on capital employed Like for like growth Reported SEK in billions, R12, booked CAPEX excl. spectrum Adjusted EBIT/average capital employed -0.8% 20.0 10.6% 9.3% 7.8% 7.1% 12.5 Q2 25 Resources Sales & Other Q2 26 marketing Q2 Q3 Q4 Q1 Q2 Q
Slide 12: Free Cash Flow
Free Cash Flow YTD Q2 Q2 Reported SEK in billionsX 2026 2026 2025 Change Adjusted EBITDA 16.3 8.4 8.0 0.4 Restructuring and other -0.9 -0.5 -0.4 0.0 Leasing -2.0 -0.9 -0.9 0.0 Decrease due to elevated level LY Cash CAPEX excl. spectrum -6.2 -2.9 -3.4 0.5 Cash CAPEX for spectrum -0.3 0.0 0.0 0.0 PPE
Slide 13: Net Debt & Leverage
Net Debt & Leverage Leverage decreased to 2.06x in Q2 2026, down from 2.09x one year ago Net debt and leverage − FCF of SEK 2.2bn covered the dividend paid Continuing and discontinued operations, reported SEK in billions, leverage ratio − Other increased net debt by SEK 0.8bn due to FX impact on deb
Slide 14: Progress on value creation agenda
Progress on value creation agenda Grow FCF per share to Active portfolio Actively manage our Grow DPS and return cover the dividend management balance sheet excess cash to shareholders ‒ EBITDA growth of +3.4% and ‒ An active H1, including ‒ Leverage remained at the lower ‒ Dividend of SEK 2.05 per
Slide 15: Summary & outlook
Summary & outlook
Slide 16: Summary & Outlook
Summary & Outlook Continued solid momentum driven by customer satisfaction, service revenue growth, cost and capital discipline 2025-2027 mid-term ambitions Further simplification across operations realized Sweden and the Baltics remain strong, and Norway is back to growth Service revenue* Adjusted
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Slide 18: Thank you!
Thank you! @
Slide 19: Appendix
Appendix @
Slide 20: Our 2025-2027 financial ambitions
Our 2025-2027 financial ambitions Service revenue* Adjusted EBITDA* CAPEX** Free cash flow*** 2025-2027, CAGR 2025-2027, CAGR 2025-2027 by 2027 SEK SEK 2% 4% <14bn/year >10bn * Based on 2024 as starting point, like for like growth ** CAPEX excl. spectrum and leases (booked) *** Based on the outlook
Slide 21: Our sustainability focus and progress Q2 2026
Our sustainability focus and progress Q2 2026 Securing people and Enabling customers’ Digitally strengthening Empowering a winning digital environments and our own climate all generations culture transition Top-tier position in customer Net-zero emissions by 2040 Empower 1.2 million people Achieve 5
Slide 22: Our climate value creation and commitments
Our climate value creation and commitments Drive and encourage Engage and enable supplier action customers 2040 • Collaborate with • Enable customer → Achieve net-zero: suppliers to drive the emission reduction • Reduce value chain GHG climate transition through smart services emissions (scope 1, 2
Slide 23: Focus areas and strategic goals for sustainable value creation
Focus areas and strategic goals for sustainable value creation Securing people and Enabling customers’ Digitally strengthening Empowering a winning digital environments and our own climate all generations culture transition Top-tier position in customer Net-zero emissions by 2040 Empower 1.2 million
Slide 24: Our key sustainability ratings
Our key sustainability ratings CDP Climate Rating Ecovadis ISS ESG rating Global Child Forum A “Gold supplier” rating -B (Prime status) Ranked No. 4 worldwide in the State of Children’s Rights & Business benchmark MSCI ESG rating Sustainalytics FTSE4Good World Benchmark Rated Rated Included Alliance
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