Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q2 2024 Earnings Presentation
13 slides from Magyar Telekom Telecommunications's earnings presentation, Aug 7, 2024
Slide 1: Magyar Telekom Group Q2 2024 Results Presentation
MAGYAR TELEKOM GROUP Q2 2024 RESULTS PRESENTATION August 7, 2024
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: Q2 2024 highlights
Q2 2024 highlights Hungarian gigabit fixed access points over 3.8 million Mobile network modernization in Hungary at 87% readiness Network Hungarian population-based outdoor 5G coverage at 70% readiness Reshaping of mobile portfolio with data focus Customer Continued focus on expanding FMC base Giga
Slide 4: Mobile data remains a key growth driver, alongside the impact of the inflation-based fee adjustment
Mobile data remains a key growth driver, alongside the impact of the inflation-based fee adjustment Mobile SIMs Mobile ARPU ‘000 HUF +4.9% M2M 4,399 Q2 2023 Blended +11.6% 6,089 6,389 Prepaid 4,910 Q2 2024 15.8% 20.3% Postpaid 6,516 Postpaid +17.3% 22.1% 20.3% 7,643 1,314 Prepaid +6.4% 62.0% 59.5% 1
Slide 5: Fiber uptake supporting broadband customer base expansion and ARPU trends
Fiber uptake supporting broadband customer base expansion and ARPU trends Fixed line multiplay residential subscribers Fixed voice, BB and TV ARPU ‘000 HUF +1.8% Q2 2023 1,606 1,635 1,990 Q2 2024 Fixed voice +8.5% 14% 14% 2,160 1Play 2Play 4,622 42% 45% Fixed BB +18.6% 5,480 3Play 4,015 44% 41% Pay
Slide 6: Revenue growth reflects inflation-based fee adjustment and favorable market developments
Revenue growth reflects inflation-based fee adjustment and favorable market developments Revenue, Q2 2024 vs Q2 2023 HUF bn ▪ Subscription revenues boosted by +15.6% implementation of inflation-based fee 4.9 3.4 0.9 240.6 adjustment 8.3 15.0 208.1 ▪ Growing data usage supported mobile service revenu
Slide 7: EBITDA AL driven by strong gross profit growth, offsetting increasing employee-related expenses
EBITDA AL driven by strong gross profit growth, offsetting increasing employee-related expenses EBITDA AL, Q2 2024 vs Q2 2023 HUF bn 30.9% ▪ Increase in gross profit attributable to: 26.2 1.3 89.8 − positive underlying operational trends -1.6 -4.6 0.0 68.6 − implementation of the inflation-based fee
Slide 8: Rise in net income driven by EBITDA growth and favorable financial expense developments
Rise in net income driven by EBITDA growth and favorable financial expense developments Net income (and adjusted net income), Q2 2024 vs Q2 2023 HUF bn 4.1 43.4 0.6 44.0 ▪ Higher D&A reflects one-off -1.0 -3.3 0.1 increase in SW-related D&A 25.7 22.3 expenses -3.4 21.2 ▪ Net financial result trend d
Slide 9: Free cashflow reflects favorable EBITDA performance
Free cashflow reflects favorable EBITDA performance Free cashflow, H1 2024 vs H1 2023 CAPEX, H1 2024 vs H1 2023 HUF bn HUF bn -5.4% 47.8 49.0 46.3 11% 8% 7% 6.9 36.7 8% 16% 10% -19.1 -1.5 33% 20% -4.4 7.0 41% 45% H1 2023 EBITDA Working Other Investing CF Repayment H1 2024 H1 2023 H1 2024 capital ope
Slide 10: Favorable market developments support 2024 guidance upgrade
Favorable market developments support 2024 guidance upgrade Updated 2023 results 2024 guidance H1 2024 results 2024 guidance HUF 464.8 bn REVENUE HUF 849.4 bn 5%-10% growth ca 10% growth (+15.1% y-o-y) HUF 166.8 bn EBITDA AL HUF 257.9 bn 20%-25% growth ca 25% growth (+39.6% y-o-y) ADJUSTED NET HUF 9
Slide 11: Back-up
BACK-UP
Slide 12: North Macedonia: Q2 2024 and H1 2024 results
North Macedonia: Q2 2024 and H1 2024 results Revenues, Q2 2024 vs Q2 2023 EBITDA AL, Q2 2024 vs Q2 2023 HUF mn HUF mn +7.1% -1.0% 402 19,221 787 946 -76 17,949 7,768 7,691 -830 -34 Q2 2023 Mobile Fixed SI/IT Q2 2024 Q2 2023 Gross profit Indirect costs IFRS 16 impact Q2 2024 Revenues, H1 2024 vs H1 2
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