Orange Sa · EURONEXT:ORA
Orange Sa — Investor Presentation (April 2015)
15 slides from Orange Sa's investor presentation, Apr 2, 2015
Slide 1: New financial communication segments
New financial communication segments Orange Investor Relations 2nd April 2015
Slide 2: Disclaimer
disclaimer This presentation contains forward-looking statements about Orange. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently considered material by us, and there c
Slide 3: Agenda
Agenda 1- new reporting segments 2- new Orange Spain convergence discount allocation Appendix 3
Slide 4: Agenda: new reporting segments
Agenda 1- new reporting segments 2- new Orange Spain convergence discount allocation Appendix 4
Slide 5: Existing financial communication segments
Existing financial communication segments restated FY 2014 results Revenues Capex Ebitda France € 19.3 bn € 7.0 bn € 2.8 bn Spain € 3.9 bn € 1.0 bn € 0.6 bn Poland € 2.9 bn € 0.9 bn € 0.4 bn Rest of the € 7.4 bn € 2.3 bn € 1.2 bn World Enterprise € 6.3 bn € 1.0 bn € 0.3 bn IC&SS € 1.8 bn - € 0.3 bn
Slide 6: Why change?
Why change ? Alignment between internal and external reporting − Gervais Pellissier as Head of Europe − Marc Rennard as Head of Africa & the Middle East Provide better visibility on Europe and Africa & the Middle East Higher potential for value crystallization Implemented as of Q1 2015 − pro
Slide 7: Two segments are created: Europe and Africa & the Middle East
Two segments are created for financial communication: Europe and Africa & the Middle East Sub-segments Information provided − sub-segments for Europe are Spain − quarterly releases (unchanged), Poland (unchanged), Group : revenues, Ebitda, Capex, Belgium & Luxembourg (now KPIs highlighted – eq
Slide 8: New financial communication segments as of 2015
New financial communication segments as of 2015 2014 revenues - Detailed figures and KPIs available in appendix France € 19.3 bn France € 19.3 bn Europe € 9.8 bn new Spain € 3.9 bn Spain € 3.9 bn Poland € 2.9 bn Poland € 2.9 bn Belgium & Luxembourg € 1.2 bn new Rest of the € 7.4 bn other European co
Slide 9: Agenda: Orange Spain convergence discount allocation
Agenda 1- new reporting segments 2- new Orange Spain convergence discount allocation Appendix 9
Slide 10: Spain: change in the allocation of convergence discount
Spain: change in the allocation of convergence discount WHY DISCOUNT ALLOCATION CHANGE − to better represent economics of mobile − before: 75% allocated on mobile and 25% on fixed and FBB in a highly convergent context − now: 50% on mobile; 50% on fixed TIMING FACTORS Impact on the following
Slide 11: Orange Spain updated financials
Orange Spain updated financials Spain Financial KPIs 2013 2014 1Q 13 2Q 13 1H13 3Q 13 4Q 13 2H13 FY13 1Q 14 2Q 14 1H14 3Q 14 4Q 14 2H14 FY14 Revenues 989 1 032 2 021 1 040 992 2 031 4 052 977 943 1 920 977 979 1 956 3 876 YoY Variance 0,8% 2,5% 1,6% 1,2% -1,9% -0,4% 0,6% -1,2% -8,6% -5,0% -6,1% -1,2
Slide 12: Orange Spain updated mobile KPIs
Orange Spain updated mobile KPIs Mobile KPIs 2013 2014 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 Customer Base Customers (ex. MVNOs) 12 179 12 238 12 414 12 377 12 366 12 420 12 668 12 613 Contract 8 493 8 614 8 793 8 945 9 040 9 145 9 337 9 399 Prepaid 3 686 3 624 3 621 3 433 3 327 3 275 3 33
Slide 13: Orange Spain updated fixed KPIs
Orange Spain updated fixed KPIs Fixed KPIs 2013 2014 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 Customer Base Broadband 1 436 1 512 1 594 1 693 1 776 1 830 1 894 1 965 o/w ULL 1 196 1 284 1 378 1 473 1 547 1 585 1 628 1 667 ARPU (Annual Rolling, per Month) Internet Broadband ARPU 33,1 32,8 32,3
Slide 14: Appendix: updated book KPIs
Agenda 1- new reporting segments 2- new Orange Spain convergence discount allocation Appendix updated book KPIs 14
Slide 15: Thank you
thank you 15