Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — FY2024 Earnings Presentation
15 slides from Magyar Telekom Telecommunications's earnings presentation, Feb 25, 2025
Slide 1: Magyar Telekom Group FY 2024 Results Presentation
MAGYAR TELEKOM GROUP FY 2024 RESULTS PRESENTATION February 25, 2025
Slide 2: Disclaimer
Disclaimer This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should n
Slide 3: Steadfast commitment to deliver our strategic priorities
Steadfast commitment to deliver our strategic priorities Customers 1 million customers on fiber network Network & Investments Further digital household solutions Hungarian gigabit fixed access Over 1.2 million Magenta moments clients points over 3.8 million Completed Hungarian RAN modernization Popu
Slide 4: 2024 targets successfully achieved
2024 targets successfully achieved 2023 results 2024 guidance FY 2024 results HUF 967.5 billion REVENUE HUF 849.4 bn ca 10% growth (+13.9%) HUF 333.1billion EBITDA AL HUF 257.9 bn ca 25% growth (+29.1%) ADJUSTED NET ca HUF 150 bn HUF 162.6 billion HUF 93.6 bn (+73.7%) INCOME HUF 165.1 billion FCF 1
Slide 5: Sustained growth in customer base and ARPU levels
Sustained growth in customer base and ARPU levels Mobile SIMs Mobile ARPU ‘000 +3.3% HUF M2M Q4 2023 6,454 Prepaid 4,430 Q4 2024 6,246 Blended +11.4% Postpaid 4,935 17.9% 21.7% 6,649 21.1% 19.7% Postpaid +17.6% 7,816 1,427 Prepaid -0.4% 1,421 61.0% 58.5% 258 M2M -3.2% 250 December 2023 December 2024
Slide 6: Fiber uptake fuels fixed market growth
Fiber uptake fuels fixed market growth Fixed voice, BB and TV customers Fixed voice, BB and TV ARPU ‘000 +4% YE 2023 HUF Q4 2023 YE 2024 Q4 2024 1,654 1,968 +1% Fixed voice +7.9% 2,123 1,438 -6% 4,694 1,273 Fixed BB +18.1% 1,592 5,542 1,424 1,197 4,032 Pay TV +9.6% 4,420 Fixed voice Broadband TV ▪ H
Slide 7: Revenue growth reflects inflation-based fee adjustment and favorable operational developments
Revenue growth reflects inflation-based fee adjustment and favorable operational developments Revenue, Q4 2024 vs Q4 2023 HUF bn ▪ Subscription revenues boosted by +11.9% 0.9 256.5 inflation-based fee adjustment 2.3 1.6 7.8 14.8 229.2 ▪ Continued demand for data and connectivity drove service revenu
Slide 8: EBITDA AL growth driven by strong gross profit momentum
EBITDA AL growth driven by strong gross profit momentum EBITDA AL, Q4 2024 vs Q4 2023 HUF bn 18.7% ▪ Gross profit rose in line with revenues 26.5 -1.5 77.6 65.4 -7.0 -5.3 -0.5 ▪ Employee-related expenses boosted by one-off bonus payment Q4 2023 Gross profit Supplementary Employee Other operating IFR
Slide 9: Rise in net income driven by EBITDA growth and favorable financial expense trend
Rise in net income driven by EBITDA growth and favorable financial expense trend Net income (and adjusted net income), Q4 2024 vs Q4 2023 HUF bn 2.9 12.7 1.2 36.3 34.6 ▪ Strong organic growth boosts net -3.3 -0.5 -1.7 income 25.8 23.2 -2.6 ▪ Net financial result improvement Q4 2023 Adj.* Q4 2023 EBI
Slide 10: Positive EBITDA drives strong free cashflow
Positive EBITDA drives strong free cashflow Free cashflow excluding spectrum licenses, FY 2024 vs FY 2023 CAPEX, FY 2024 vs FY 2023 HUF bn HUF bn +7.8% 76.2 3.3 2.7 165.1 113.3 105.1 12% -3.9 15% 13% 10% 12% 10% 86.8 25% 20% 40% 43% FY 2023 EBITDA Other Investing CF* Repayment of FY 2024 FY 2023 FY
Slide 11: Record total shareholder remuneration
Record total shareholder remuneration Proposed shareholder remuneration for 2024 results includes: 1) cash dividend of HUF 90.9 billion* (corresponding to ca HUF 100 dividend per share) 2) share buyback of up to HUF 39.1 billion* 39.1 Share buyback of HUF 1.7 billion Share buyback* postponed from 20
Slide 12: Our strategic priorities remain unchanged in 2025
Our strategic priorities remain unchanged in 2025 Gigabit focus: increase fiber coverage 2025 guidance by 250.000 access points REVENUE EBITDA AL 3.7% inflation-based fee adjustment from April 1, 2025 Growth of Growth of 1% - 3% 12% - 15% Re-shaped fix and mobile portfolio ADJUSTED Further operation
Slide 13: For further questions please contact the IR department
? For further questions please contact the IR department: Diána Párkányi-Várkonyi Rita Walfisch Capital Market Relations Hub Lead Investor Relations Manager Phone: +481-7676 Phone: +36 1 457-6084 e-mail: varkonyi.diana.annamaria@telekom.hu e-mail: walfisch.rita@telekom.hu
Slide 14: Back-up
BACK-UP
Slide 15: North Macedonia: Q4 2024 and FY 2024 results
North Macedonia: Q4 2024 and FY 2024 results Revenues, Q4 2024 vs Q4 2023 EBITDA AL, Q4 2024 vs Q4 2023 HUF mn HUF mn +11.1% +16.6% 518 38 20,696 1,880 1,511 7,852 18,629 -681 -84 6,737 Q4 2023 Mobile Fixed SI/IT Q4 2024 Q4 2023 Gross profit Indirect costs IFRS 16 impact Q4 2024 Revenues, FY 2024 vs