Cell C Holdings Ltd. · JSE:CCD
Cell C — FY2025 Earnings Presentation
20 slides from Cell C's earnings presentation, Aug 27, 2025
Slide 1: Blue Label Annual Results – Cell C Performance
Blue Label Annual Results Cell C Performance Unaudited financial results for the 12 months ended 31 May 2025 27 August 2025
Slide 2: Presenters
Presenters Jorge Mendes El Kope Chief Executive Officer Chief Financial Officer
Slide 3: Agenda
Agenda • FY 25 Highlights • Operational review • Financial review • Focus Areas for FY 26
Slide 4: FY 25 Highlights
FY 25 Highlights 4
Slide 5: FY Highlights
FY 25 Highlights Service revenue +6% YoY on Wholesale revenue +13% YoY with Returned to net profit, PBT +200% sustained momentum across MVNO partnerships scaling YoY priority segments recurring income Network quality #2 overall and #1 Brand relaunch delivered and Public market readiness on track, On
Slide 6: Robust core performance with double digit gains in strategic focus areas
Robust core performance with double digit gains in strategic focus areas Total Net Revenue EBIT +4% +5% Service Revenue Prepaid Revenue +6% +2% Prepaid Broadband Revenue Gross Income Margins +18% +5% Wholesale Revenue Postpaid +13% +2% Mobile Data Traffic Blended ARPU +31% -2% 6 Note: Unaudited Non-
Slide 7: Operational Review
Operational Review 7
Slide 8: Transformation journey building growth foundation
Transformation journey building growth foundation Brand repositioning Technology investments Value enhancements Channel refresh & expansion Improved Customer Touchpoints • Successful Brand relaunch • Best 4G Video experience • Compelling value • Improved and expanded • Sponsorship momentum • 1st clo
Slide 9: Transformation journey building growth foundation
Transformation journey building growth foundation MVNO leadership Performance culture Governance & Transparency Growth momentum • Home of MVNOs positioning • Underpinned by talent bench • Transparency and • Positive trajectory with strength accountability rigour positive EBIT growth (+5%) • Old Mutu
Slide 10: Financial Review
Financial Review 10
Slide 11: Topline growth and strong cost management deliver EBITDA growth
Topline growth and strong cost management deliver EBITDA growth 11966 11275 11138 10745 2080 2089 May’24 May’25 May’24 May’25 May’24 May’25 Gross Service Revenue Net Total Revenue EBITDA • +6% growth • +4% growth • EBITDA Flat • Gross Service Revenue pre- discounts and • Total Revenue less discounts
Slide 12: Performance remains solid with IFRS adjustments included
Performance remains solid with IFRS adjustments included 1581 1504 1495 1300 280 9 May’24 May’25 May’24 May’25 May’24 May’25 EBIT Net Finance Costs PBT ▪ Growth of +5% ▪ Net Finance Cost is predominantly made up of ▪ Improvement of >200% ▪ EBIT Margin +14% interest on shareholder loans and finance c
Slide 13: Beyond prepaid: Broadening and diversifying our revenue mix
Beyond prepaid: Broadening and diversifying our revenue mix Other Businesses – Strong growth (+10%) Service Revenue Contribution % Wholesale – Strong growth (+13%) ▪ Wholesale includes Bulk SMS, MVNO, and ▪ Other revenue is made up of Enterprise ATP services Revenue, Fibre revenue, Digital revenue a
Slide 14: Prepaid growth driven by data, broadly in line with market
Prepaid growth driven by data, broadly in line with market Voice traffic ARPU -11% R78 -2% Data Traffic Base +20% 6.77m -1% Broadband Data Traffic Active Data Subs +11% 4.29m +4% 14 Note: Unaudited IFRS Financial Results
Slide 15: Postpaid stabilisation underway, higher data usage accelerates data traffic growth
Postpaid stabilisation underway, higher data usage accelerates data traffic growth Voice traffic Base +1% 798k -7% Data Traffic Core Base +23% 733k -2% Postpaid ARPU Onbillers R224 -2% 65k -45% 15 Note: Unaudited IFRS Financial Results
Slide 16: MVNO business outperforms the market
MVNO business outperforms the market MVNO Customer (HLR) +28% Data Traffic 127% Voice traffic 2% 16 Note: Unaudited IFRS Financial Results
Slide 17: Stronger balance sheet on a structurally improved footing
Stronger balance sheet on a structurally improved footing R’m % change Total assets 5 074 +22 % Total Liabilities 13 379 -8% Equity -8 305 +21% • Total Assets: Deferred tax asset recognized in the current year as the company return to profitability. • Total Liabilities: Reduction in the trade and ot
Slide 18: FY26 Focus Areas
FY26 Focus Areas 18
Slide 19: Looking ahead
Looking ahead Maintain transformation Conclude Postpaid business Leverage MVNO leadership to momentum to reinforce operational integration to capture full synergies accelerate wholesale growth and financial discipline and scale Grow and scale the enterprise Sustain a high-performance, value- Continu
Slide 20: Thank You
Thank You