Slide 1: Orange financial results Q3 2024
Orange financial results #Q3_2024 Christel Heydemann CEO Laurent Martinez CFO 24th October 2024 Q3 24 results 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements about Orange’s financial situation, results of operations and strategy. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to
Slide 3: Executive Summary
Executive Summary Paris 2024 Olympics: rising to the challenge France: market leader with solid commercial momentum Middle East & Africa: 6 quarters in a row of double-digit revenue growth Strong Q3 24 financial results 2024 Guidance fully confirmed Q3 24 results 3
Slide 4: Focus Paris 2024 Olympics
1 Focus Paris 2024 Olympics Q3 24 results 4 All rights reserved- Credits: Paris 2024
Slide 5: Paris 2024 Olympics: rising to the challenge
Paris 2024 Olympics: rising to the challenge Technological leadership… Only operator connecting the Olympics • >1 000 technical experts mobilised • 1st ever Olympics private 5G network • Innovative B2B offers: Push To Talk, ticketing app ...for an unprecedented event… • 150k terabytes of mobile stre
Slide 6: Focus on France
2 Focus on France Q3 24 results 6
Slide 7: Leader in France with a disciplined & targeted strategy
Leader in France with a disciplined & targeted strategy • Q3 mobile market still competitive on low-end Competitive environment • Mobile only revenues only 13% of Orange France revenues broadly stable • Q3 fixed broadband market stable competitive environment in Q3 • Almost all players now focusing
Slide 8: Solid commercial performance fuelling retail growth in France
Solid commercial performance fuelling retail growth in France (1) Mobile Fixed Convergence Cumulated FTTH net adds +1.0m (over 4 quarters) +30k +99k +104k +83k +83k +259k +6k +1k -4k Continued solid net adds +9k -31k -30k -43k -17k -14k -23k Q3 23 Q3 24 Q3 23 Q3 24 Q3 23 Q3 24 ADSL net adds Total FB
Slide 9: Focus on MEA
3 Focus on MEA Q3 24 results 9
Slide 10: MEA: 160m mobile customers, double-digit revenue growth
MEA: 160m mobile customers, 6 quarters in a row of double-digit revenue growth Successful strategy… ...with outstanding growth… Essential services in a fast-growing market… CMD guidance exceeded • Rising demography & increasing data usages • Penetration rate of mobile data users: +7pts between 2022-
Slide 11: Q3 24 results
4 Q3 24 results Q3 24 results 11
Slide 12: Strong Q3 financial results
Strong Q3 financial results Revenues* EBITDAaL eCapex Q3 2024 Q3 2024 Q3 2024 €10.0bn €3.3bn €1.4bn +1.6% +2.7% -2.5% yoy yoy yoy 33.7% EBITDAaL margin 13.6% eCapex / revenues +0.3pt yoy (telecom) (telecom) Q3 2024 revenue development by activity (yoy in €m) Q3 2024 revenue development by segment (y
Slide 13: Business Review
5 Business Review Q3 24 results 13
Slide 14: Q3 2024 France
Q3 2024 France Strong retail revenues in €m Q3 24 yoy cb 9M 24 yoy cb Revenues 4,496 +1.3% 13,231 +0.8% Best-in class NPS Retail services 2,847 +1.6% 8,466 +1.5% Wholesale 1,110 -1.9% 3,256 -3.9% Equipment sales 359 +1.5% 980 +3.6% Other revenues 179 +19.9% 530 +17.3% Retail services ex. PSTN fully
Slide 15: Q3 2024 Europe
Q3 2024 Europe Robust retail services growth Retail services* accelerating +1.3% in €m Q3 24 yoy cb 9M 24 yoy cb Revenues 1,744 -2.1% 5,212 -2.1% +1.1% Retail services* 1,164 +1.3% 3,441 +1.1% Wholesale 204 -15.5% 612 -12.0% +0.9% Equipment sales 237 -5.3% 718 -3.9% IT&IS and other revenues 140 -1.3
Slide 16: Q3 2024 Africa & Middle East
Q3 2024 Africa & Middle East Continued double-digit growth Powerful growth engines yoy (in €m) in €m Q3 24 yoy cb 9M 24 yoy cb +10.5% Revenues 1,918 +10.5% 5,660 +10.6% 1,918 Retail services 1,732 +11.3% 5,105 +11.6% o/w B2B* +€16m +6% 15 29 27 +2% Wholesale 154 -0.4% 456 +0.2% +21% 111 +17% Equipme
Slide 17: Q3 2024 Orange Business
Q3 2024 Orange Business Transformation plan ongoing in €m Q3 24 yoy cb 9M 24 yoy cb Revenues 1,860 -2.6% 5,779 -1.4% recognised as cybersecurity Fixed only services 733 -7.1% 2,235 -7.9% leader by ISG, IDC and Omdia IT & integration services 898 +0.5% 2,812 +4.2% Mobile 229 +0.8% 731 -0.6% IT&IS rev
Slide 18: Q3 2024 MASORANGE
Equity method from Q2 Q3 2024 MASORANGE Solid retail growth & integration well underway in €m Q3 24 yoy cb 9M 24 yoy cb proforma (1) Revenues 1,855 +1.1% 5,464 +0.5% ▪ Synergies on track with €85m achieved over a Retail services 1,444 +1.4% 4,328 +1.2% 2024 target of ~€100m, and at least €500m from
Slide 19: Guidance
6 Guidance Q3 24 results 19
Slide 20: Guidance 2024 fully confirmed
Guidance 2024 fully confirmed 2024 excluding Spain* EBITDAaL yoy, cb Low-single digit disciplined eCAPEX yoy, cb eCapex as per CMD Organic Cash Flow (telecom) ≥ €3.3bn Around 2x Net debt / EBITDAaL (telecom) in the medium term Dividend** €0.75 payable in 2025 * As of January 1st, 2024; for EBITDAaL,
Slide 21: Q&A
Q& A Press Q&A will start at 10:30am CET Q3 24 results 21
Slide 22: Annexes
Annexes Q3 24 results 22
Slide 23: Orange in leading position on its MEA footprint
Orange in leading position* on its MEA footprint Morocco(1) €731M Jordan #1 95% €470M 99% Mali #2 €795M Egypt 97.5% €779M 98% #3 Senegal €887M 99.7% Guinea-B. Central African €62M Republic(1) 61% €59M N/A Guinea * €677M Cameroon 77% €477M 72% Sierra Leone(1) €102M 75% D.R.C. (1) €435M Liberia 44% 12