Telekom Austria Ag · VIE:TKA
Telekom Austria — A1 Group — Investor Presentation (February 2026)
36 slides from Telekom Austria's investor presentation, February 2026
Slide 1: Investor Presentation
Investor Presentation February 2026
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 materia lly from those anticip
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 5.6 bn 2.1 bn 37 % Total revenues EBITDA EBITDA margin 30.2 mn 6.5 mn 42 EurC Wireless subscribers Fixed RGUs Dividend #1 #3 0.0 A- Top 10 A List Telecom in brand value of Net Debt/ Credit rating of >200 telcos CDP
Slide 4: Well-balanced performance across geographic footprint
Well -balanced performance across geographic footprint Revenue split (FY 2025) Growth driver CEE EBITDA split (FY 2025) Revenues yoy growth 2025; CAGR 2021 -2025 Bulgaria Bulgaria Croatia 16 % 18% Croatia 12% 11 % Belarus +7.9% 11% Belarus 8.8% 10% CAGR Serbia 5.6 bn Serbia 2.1 bn Austria Austria +0
Slide 5: Market Shares
Market Shares Market Position/ Position/ shares Mobile Player Fixed Player Austria 40% #1/3 54% #1/3 Bulgaria 35% #2/3 37% #2/3 Croatia 37% #2/3 33% #2/3 Belarus 42% #2/3 9% #2/3 Slovenia 26% #3/4 14% #3/4 Serbia 27% #3/3 2% #3/3 N.Macedonia 52% #1/2 32% #1/2 A1 core markets A1 digital only Mobile a
Slide 6: Financials
Financials 6
Slide 7: Financial performance
Financial performance (Unless otherwise stated, in € mn ) Revenues EBITDA Free cash flow +3% +2% +4% 5,251 5,413 5,577 1,924 2,021 2,062 596 575 354 36.6% 37.3% 37.0% 2023 2024 2025 2023 2024 2025 2023 2024 2025 EBITDA margin CAPEX (incl frequencies) Net debt Balance sheet & equity ratio +3% 9,557 9
Slide 8: Sustainable growth and strong free cash flow
Sustainable growth and strong free cash flow Revenues c onsistently growing EBITDA increased significantly Robust free cash flow CAGR CAGR AVG mn /yr +4.1% +4.9% € 520 1,924 2,021 5,413 5,577 1,706 1,838 603 5,005 5,251 1,577 575 4,748 504 487 354 35% 36% 37% 37% 37% 11% 12% 11% 10% 7% 2020 2021 202
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% CAGR 0.97 EPS 0.91 0.80 0.92 0.95 0.84 FCF/ 0.73 0.94 42 share 40 0.53 36 0.68 1.7 32 1.3 1.3 0.40 0.42 DPS 0.32 0.36 0.28 1.1 1.3
Slide 10: Strategy
Strategy 10
Slide 11: 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
Slide 12: Unfolding our business opportunities
Unfolding our business opportunities Core business New Business regulated unregulated 90% > 75% 10% > 25% 12 14
Slide 13: Unfolding the opportunities
Draft for internal discussion Unfolding the opportunities Unfolding our business opportunities Evolve the CORE Evolve Extend Expand Enable Push Scale the CORE B2B SME SME Financial Financial #1 to #1 Digital Services (ICT) Business Services Services 13 13 13
Slide 14: 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 14
Slide 15: Unlocking growth with an expanding digital solutions portfolio
Unlocking growth with an expanding digital solutions portfolio Total Revenues ICT Gross EUR mn Scaling New +20% yoy in 2025 +19% CAGR Opportunities 573 Unlock SME Potential • Target and expand in the SME segment +33% CAGR Scale & Specialise • B2B Delivery Center launched 2025 285 • Unified Business
Slide 16: 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 custom
Slide 17: 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 Workplace Cloud Delivery Center (BDC) FTEs › Customer facing YE 2025 B2B B2B Footprint AT | CEE OFF -Footprint 17
Slide 18: Driving transformation for scalable growth … and a Competence Delivery Center
Driving transformation for scalable growth … and a Competence Delivery Center Competence Delivery Center 20 1 ~2.500 Skill (CDC) different delivery centers international FTE over location › Active in one CDC team › Non -customer facing • Build on our local sales asset • Investments in the markets •
Slide 19: Sustainability
Sustainability “9 wiser Sle *\e gallo, MSCl 6 : re 5 By United Nations C JAC ey Global Compact SooPERATION NDUSTRY TOP RATED (ece]-@ [ae eee DT aA TaaR EUROPEAN GREEN DIGITAL COALITION 19 A
Slide 20: 2025-2030 ESG Strategy
2025 -2030 ESG Strategy CO 2 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 80% by By 2030, the takeback of devices* is Sustainable treatment* of 100% of Scope 3: -60% reduction 2030
Slide 21: The share
The share 21
Slide 22: Telekom Austria share
Telekom Austria share AT0000720008 Tela.VI TKA AV • Shares outstanding: 664,084,841 Institution Rating Price (€) • Listing: Vienna Stock Exchange AlphaValue/Baader Europe Buy 11.80 Bank Pekao Buy 11.60 180 Bernstein Buy 11.00 Citigroup Hold 9.60 160 Deutsche Bank Hold 11.40 140 Erste Group Bank Hold
Slide 23: Shareholder structure
Shareholder structure Two strong shareholders ÖBAG ( Österreichische Beteiligungs AG) • ÖBAG: independent holding company of state assets. ÖBAG 28.4% Mission is to preserve and grow its investments for generations. • Investment portfolio includes also: OMV, Verbund, Post, Casinos Austria, etc. Retai
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 Vien
Slide 25: Guidance 2026
Guidance 2026 FY 2025 Revenue growth p.a. CAPEX excl. spectrum Dividend per share proposal +2 -3 % ~ EUR 750 mn ~ EUR 42 c + 2 EURc vs FY 2024 . 8th consecutive increase Driven by CEE markets & service revenues; Well covered by FCF – progressive Continuing expansion of fiber and Upselling in mobile
Slide 26: 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 Credit rating A- rated ambition (current: A -/A3) Conservative Sustainable Value -accretive financial policy dividend policy M&A Leverage ambition for: Develops in line with operational & O
Slide 27: 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 28: 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
Slide 29: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment -grade ratings As of December 31, 2025 Overview (December 31, 2025) Lines of credit (December 31, 2025) Credit ratings • Total financial debt: EUR 754 mn • Total committed lines: EUR 1,315 mn A3/A - • Average cost of debt: 1.50% o Average term to maturity
Slide 30: Q4 and FY results 2025
Q4 and FY results 2025 30
Slide 31: Q1-Q4'25: Service revenue growth on the back of mobile core, solutions & connectivity
Q1-Q4´25: Service revenue growth on the back of mobile core, solutions & connectivity business, broadband and TV Service Revenues 4.588 EUR mn + 1,9% + 86 mn 4.588 4.502 2024 Mobile core Cubes Fixed BB + TV Fixed Voice IC Sol. & Conn. VR/NR Other Rev. 2025 Cubes: Mobile WIFI routers and data boxes;
Slide 32: Q1-Q4'25: EBITDA growth driven by service revenues and cost control
Q1-Q4´25: EBITDA growth driven by service revenues and cost control despite higher spending on market and customer activities EBITDA 2.062 EUR mn +2.0% +41 mn reported +3.7% + 78 mn 2.175 2.097 -96 -13 -17 2.062 89 2.021 2024 rep. Restr. One -offs 2024 adj. Mobile Fixed Other Equipment CORE 2025 adj
Slide 33: P&L Q4 and FY 2025
P&L Unless otherwise stated, all amounts in EUR mn Q4 2025 Q4 2024 Δ FY 2025 FY 2024 Δ Q4 and FY 2025 Revenues 1,492 1,476 1% 5,577 5,413 3% OPEX (992) (961) 3% (3,515) (3,391) 4% Total OPEX EBITDA 500 515 -3% 2,062 2,021 2% • Increase in FY due to higher cost of equipment Margin 33.5% 34.9% –1.4pp
Slide 34: Free Cash Flow
Free Cash Flow Unless otherwise stated, all amounts in EUR mn Q4 2025 Q4 2024 Δ FY 2025 FY 2024 Δ Q1-Q4 2025 EBITDA 500 515 -3% 2,062 2,021 2% Restructuring 25 26 -4% 102 91 12% Free Cash Flow in Q1 -Q4 2025 increase: Lease paid (106) (100) 6% (412) (389) 6% • better operational result, Income taxes
Slide 35: A1 Austria | Multitechnology investments and customer focus within robust OPEX framework
A1 Austria | Multitechnology investments and customer focus within robust OPEX framework Multitechnology Strategy Fiber 987.000 • Technology-agnostic approach homes passed • Fiber roll-out adapted to regulatory and market 4G 99% environment 5G 86% Commercial and Operational Priorities +18k +4k net a
Slide 36: Contacts
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