Telekom Austria Ag · VIE:TKA
Telekom Austria — Q1 2023 Earnings Presentation
17 slides from Telekom Austria's earnings presentation, 2023
Slide 1: Results for Q1 2023
Results for Q1 2023 A1 Classification: Internal
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. Actual events may differ materially from those anticipated in these forwa
Slide 3: Highlights Q1 2023
A1 Group Highlights Q1 2023 • Group service revenues up +5.1% yoy, driven by mobile segment and Solution & Connectivity • Strong equipment sales across the footprint fostered by Easter promotional activities • Group EBITDA higher +1.0% yoy • driven by increased core OPEX (energy and product-related
Slide 4: Customer-related information
Customer-related information Mobile subscribers (in thousand) RGUs (in thousand) Q1 ‘23 Group ARPU and ARPL (in €) ▲ ▲ 25.6 24.3 0.9% 0.3% 23,897 24,116 6,203 6,148 6,050 6,077 6,204 6,221 21,864 22,766 21,029 21,288 24% 27% 27% 28% 28% 29% 82% 83% 84% 84% 42% 80% 41% 41% 42% 43% 43% 8.0 8.1 77% 35%
Slide 5: Segment Austria in Q1 2023
Segment Austria in Q1 2023 Highlights Revenues (€ mn) • Ongoing intensified market dynamics +2.0% • Mobile: 677 664 Solid performance of mobile Wi-Fi routers and high-value tariffs Higher number of gross-adds but also higher rotational churn triggered by investments in customer retention and acq
Slide 6: International segments in Q1 2023
International segments in Q1 2023 Growing service revenues and equipment revenues across the entire CEE Revenues and EBITDA (€ mn) segment, with EBITDA higher in all markets except Slovenia. • Bulgaria: continued strong operational momentum with focus on +20.2% +9.6% 165 (BYN) profitability and new
Slide 7: Group revenues
Group revenues Unless otherwise stated, all amounts in € mn Q1 2023 Q1 2022 Service revenues 1,038 988 +5.1% Equipment revenues 195 155 +25.5% Other operating income 24 23 +6.0% Total revenues 1,258 1,166 +7.8% Wireline/Wireless revenues (Q1 2023) Regional revenue split (Q1 2023) Service revenues: g
Slide 8: P&L
P&L Unless otherwise stated, all amounts in € mn Q1 2023 Q1 2022 Total costs and expenses higher, driven by: Revenues 1,258 1,166 +7.8% Energy costs (up 40% yoy) OPEX (822) (735) +11.8% Restructuring (21) (21) +0.3% Workforce costs (up 3% yoy) EBITDA 436 432 +1.0% Inflation EBITDA margin 34.7%
Slide 9: Free cash flow
Free cash flow Unless otherwise stated, all amounts in € mn Q1 2023 Q1 2022 EBITDA 436 432 +1.0% Restructuring charges, cost Free cash flow declined in mainly due to 23 23 +0.3% of labor obligations higher CAPEX and working capital reflecting Lease paid (principal, higher CAPEX in the previous quart
Slide 10: Focus points
Focus points 10 Results presentation: Q1 2023 A1 Classification: Internal
Slide 11: Focus point: A1 Bulgaria – sustainable growth
Focus point: A1 Bulgaria – sustainable growth Revenues (€ mn) Revenues Bulgaria A1 Bulgaria CAGR 8.2% Inhabitants GDP/capita Mobile subscrib. RGUs (million) (in $) (million) (million) 6.9 28,100 3.8 #1 1.2 #2 • A1 Bulgaria: 13% of Group revenues and EBITDA in FY 2022 Largest Group market after Aus
Slide 12: Redefining our core business to deliver best-in-class Solution & Connectivity services
Redefining our core business to deliver best-in-class Solution & Connectivity services Solution and Connectivity revenues have been growing at a much stronger pace compared to our service revenues. 14% 14% 12% 11% 10% 9% 9% Cloud Solutions Digital Enterprise 8% 8% 7% 7% solutions 7% 6% 5% 5% 5% 4% 4
Slide 13: Outlook
Out look 13 Results presentation: Q1 2023 A1 Classification: Internal
Slide 14: Guidance '23
Guidance ‘23 Consensus ‘ 23 Total revenues Around +4% EUR 5.177 mn (+3.4%) CAPEX (excl. spectrum, M&A) Around € 950 million EUR 953 mn (+0.9%) Dividend proposal of € 0.32/share (previous year: € 0.28) AGM on June 7, 2023 Dividend payment day on June 15, 2023 14 Results presentation: Q1 2023 A1 Class
Slide 15: Appendix
App endix 15 Results presentation: Q1 2023 A1 Classification: Internal
Slide 16: Financial debt is constantly decreasing
Overview (Dec 31, 2022) Lines of credit (Dec 31, 2022) Financial debt is constantly decreasing Overview (March 31, 2022) Lines of credit (March 31, 2023) Credit ratings • Total debt of € 1,770 mn • Total committed lines: € 1,820 mn • Average cost of debt of 2.59% Average term to maturity: A- A- •
Slide 17: Hans Lang, Head of Investor Relations
Hans Lang Head of Investor Relations E investor.relations@a1.group M +43 50 664 47500 A1 Classification: Internal