Proximus Sa · EURONEXT:PROX
Proximus Sa — Q3 2020 Earnings Presentation
75 slides from Proximus Sa's earnings presentation, 2020
Slide 1: Proximus Group Results Q3 2020
Proximus Group Results Q3 2020
Slide 2: Fierce resurgence of Covid-19 pandemic: demonstrating our solidarity
2 Fierce resurgence of Covid-19 pandemic: demonstrating our solidarity Safeguarding Keeping people Additional measures towards Stronger thehealth & businesses most impacted together & safety connected sectors of our employees • Shops closed as of Monday • No download limits on all • One-month discou
Slide 3: Solid Domestic financial performance in Q3 2020
3 Solid Domestic financial performance in Q3 2020 Improvement in Fixed and Mobile services revenue, and ICT …and translated in stable Direct Margin. growth drives a stable Domestic revenue … Q1 Q2 Q3 €1,074 M 0.2% € 825 M Q1 Q2 Q3 Underlying Underlying Domestic revenue -1.0% -4.3% Domestic direct ma
Slide 4: Continued Covid-19 impact on EBITDA
Continued Covid-19 impact on EBITDA 4 Yet lower than we anticipated Direct Margin Opex Roaming traffic: ICT: National traffic: Cost savings: EU traffic* normalized …. So far, enterprise Customer national usage ICT impact limited remained high No longer covered by commercial • 21% Digital sales, gest
Slide 5: Keeping up strong operational performance
Keeping up strong operational performance 5 firm share in market growth Postpaid excl. M2M Launch Net adds Catch-up Flex Mobile portfolio revamp (‘000) 19 11 45 57 8 9 1 14 3 6 1 11 23 21 30 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20
Slide 6: Flex packs supporting convergence strategy
Flex packs, customized to the needs of each family 6 member, further supporting convergence strategy Convergent revenue up, driven by Flex Multi-mobile strategy through Flex > + 1.3% YoY 2.7 3.1 4.1 % average number of ARPC % % RGUs up YoY €59.0 in Q3’20 Q1 Q2 Q3
Slide 7: Fulfilling our content aggregator role
Fulfilling our content aggregator role, 7 bringing the best content to our customers
Slide 8: Our fiber roll-out is progressing well
8 Our fiber roll-out is Antwerp Knokke progressing well, Oostende (New in Q3’20) having meanwhile Ghent Roeselare reached > 400,000 Kortrijk Aalst Vilvoorde Hasselt Louvain Brussels homes and Liège businesses Charleroi Namur Homes & Businesses Passed (in K) 14 346 391 > 400 Cities 307 Q1'19 Q2'19 Q3
Slide 9: Final agreement with Eurofiber signed to deploy Fiber in Wallonia
group 9 Final agreement with Eurofiber signed to deploy Fiber in Wallonia Fiber plans for Belgium Partnership with EQT/DELTA Fiber + Proximus standalone rollout ▪ Partnerships to increase 2025 fiber ambition by ~30% and to reach ~4.2M homes and business locations by 2028 Partnership with Antin/Eurof
Slide 10: BIPT draft decision on Fiber wholesale pricing
group BIPT draft decision on 10 Fiber wholesale pricing • Draft decision published 30 Sept. • BIPT concludes Proximus rates are fair, i.e. not exceeding the costs of an efficient operator including a reasonable margin and in line with the regulation set in 2018 Proximus supports BIPT draft decision
Slide 11: Proximus selected Nokia and Ericsson as partners
11 Proximus selected Nokia and Ericsson as partners to roll out its mobile network of the future Devices Spectrum Radio Transport Core network access & digital layer Up to € 80M savings expected versus our announced capex plan over The choice for Nokia and Ericsson follows a thorough 2021-2023 compe
Slide 12: BICS EBITDA impacted by Covid-19 travel restrictions
12 BICS EBITDA impacted by Covid-19 travel restrictions − Covid-19 travel restrictions − Progressive impact from MTN’s insourcing of services since mid- 2019 Partially offset by opportunities: + TeleSign: mobile identity & authentication + BICS: numbering business Ebitda (M€) -22.5% YoY 35 38 40 40
Slide 13: Revising FY 2020 guidance upwards
13 Revising FY 2020 guidance upwards Previous Revised Guidance Actuals Actuals Guidance guidance FY metrics FY 2019 YTD 2020 FY 2020 2020 EBITDA - At least € 844M € 782M €780-800M CAPEX € 830M Group underlying € 1,870M € 1,410M / / EBITDA FY Group EBITDA Covid-19 impact CAPEX (excl. spectrum & footb
Slide 14: Shareholder return
Shareholder return 14 On 28 October 2020, the Proximus Board of Directors approved to return to the shareholders a gross interim dividend of € 0.50 per share. • Ex-coupon date: 9 December 2020 • Record date: 10 December 2020 • Payment date: 11 December 2020 € 1.2 Proximus reiterates its intention to
Slide 15: New €700M sustainable revolving credit facility
group On October 26, Proximus signed a new 15 € 700M sustainable revolving credit facility Linking the cost of credit to the annual targets of internal ESG related KPI’s Early renewal of the maturing credit bank facilities (in 2021): € 450M Standby € 150M Club deal Revolving (no Sustainability credi
Slide 16: Q&A
Q&A pro3gimus
Slide 17: Results Q3 2020 in detail
Results Q3 2020 in detail proxetimus
Slide 18: Table of Content
18 Table of Content • Group P 19 • Consumer P 34 • Enterprise P 42 Notes • All figures included in this presentation are on • Wholesale P 50 ‘Underlying’ basis, allowing for a meaningful YOY comparison. • BICS P 51 • Figures are rounded. Variances are calculated from the source data before rounding,
Slide 19: Underlying Group Revenue
19 Underlying Group Revenue • Sequentially better revenue trend for Consumer, Enterprise and Wholesale • Sustained impact on roaming of the Covid-19 travel restrictions • Growing convergence revenue • Higher traffic revenue driven by higher usage (no longer covered by Covid-19 easing measures) • Gro
Slide 20: Underlying Domestic revenue by product nature
20 Underlying Domestic revenue by product nature YoY evolution YTD Q3 2019: €1,071M Q3 2019: €3,251M 14 Fixed services 16 9 ICT 14 6 Terminals (including joint offers) 9 +0.2% 0 Tango 0 - 1.7% 0 Advanced Business Services 0 2 Others -4 -2 Mobile Prepaid -6 -11 Mobile Postpaid -39 -17 Wholesale* -45
Slide 21: Consumer Telecom business holds up well through progressing convergence rate
Consumer Telecom business holds up well 21 through progressing convergence rate + 1.3% +2.4 p.p. +1.3% Customer Convergence ARPC Revenue rate (€) 549 556 73 -2.5% 71 -2.2% 171 167 Mobile only 56.9% Convergence % 59.3% Fixed only Convergent Non Convergence % 1.3% 4.1% 305 317 43.1% 40.7% 58.2 59.0 Q3
Slide 22: Group Fixed Services
Group Fixed Services Operationals (‘000)*: 22 Revenue (M€) 2,065 2,071 2,079 2,088 2,090 2,108 2,122 # Lines Q3 YTD Q3 + 43K 19 1.1% Internet 8 9 14 YoY 6 8 2.9% 1 +2.1% Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 1,460 1,476 482 495 1,626 1,631 1,635 1,640 1,641 1,652 1,663 29K Q3'19 Q3'20 YTD'19 YTD
Slide 23: Strong Postpaid customer growth in Q3 2020
Strong Postpaid customer 23 growth in Q3 2020, # Mobile cards & net adds (in ‘000) supported by new convergent Postpaid 4,880 YoY multi-mobile offer Flex 4,818 4,813 4,824 4,820 4,831 4,839 + 152K +3.7% 45 57 Postpaid net adds 24 24 23 21 30 -11 Prepaid Prepaid net adds -29 -26 -19 -16 Mobile park e
Slide 24: Domestic direct margin and BICS direct margin
24 Domestic Underlying 911 19 -7 -13 -1 -9 899 direct margin, Sequentially improving, with Covid-19 easing measures for customers no longer Q3 impacting Q3 and good underlying (M€) business trends Domestic -0.3% -10.7% BICS direct Underlying Group -1.2% margin, Q3'19 Consumer Enterprise Wholesale Ot
Slide 25: Group expenses -2.3%, driven by domestic operating expenses
25 -2.3% Group expenses, fully driven by underlying domestic operating expenses 441 -10 0 430 -2.6 % YoY Domestic expenses, driven by Q3 lower workforce expenses. (M€) -2.3% Q3'19 Domestic BICS Q3'20 -5.0% -1,766 Q3 YoY Domestic FTEs (ELP/FFP*) 1,343 1,275 Q’s 463 440 441 459 442 403 430 129 127 44
Slide 26: Domestic expenses -2.6% in Q3 YoY
26 Domestic Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 expenses -2.6% YoY 2 -3 1 -2 -1 1 -8 in Q3 YoY, variances -8 -11 (€M) -3 -18 -24 Domestic non WF benefiting from ongoing -3 -2.6% YoY company-wide cost Domestic WF -11 Q3 WF: + Lower FTEs (FFP & ELP) efficiencies and increased -4.9% YoY - Salary
Slide 27: Domestic Q3 Underlying EBITDA +1.9%
27 Domestic - Q3 Underlying EBITDA +1.9% Q3 430 -2 11 -1 438 +1.9% YoY (M€) Underlying Domestic EBITDA, Covid-19 effect estimated at €-9M reduction in expenses more than offsetting minor decline in direct margin. Q3'19 Direct margin Workforce Non workforce Q3'20 Q’s (M€) 0.3% In spite of 1.9% Covid-
Slide 28: Group Q3 Underlying EBITDA nearly stable, -0.2%
28 Group - Q3 Underlying Group nearly stable, -0.2% Q3 470 8 -9 469 +1.9% YoY (M€) Underlying Domestic EBITDA Covid-19 effect estimated at €-14M -22.5% YoY Underlying BICS EBITDA Q3'19 Domestic BICS Q3'20 Q’s (M€) -0.5% -0.2% 34.3% 1,417 1,410 Underlying 463 484 470 453 464 477 469 GROUP EBITDA marg
Slide 29: From EBITDA to FCF, YTD Q3 2020
29 From EBITDA to FCF, YTD Q3 2020 (€ M) 1,486 -62 40 -747 -14 1,410 -16 -29 -179 27 507 -2 505 Reported Lease Incidentals Underlying AP/AR/ Cash Income Interest Early Leave Others FCF Acquisitions FCF Ebitda depreciations Ebitda Inventory Capex tax payments Plan/FFP Plan YTD'20 2020 YTD'20 YTD'20 a
Slide 30: YTD 2020 adjusted FCF of €507M
30 YTD 2020 adjusted FCF of € 507 M Included € 141 M more cash out related to workforce transformation plans, mainly related to the 2020 FFP plan*, for a large part off-set by lower cash needed for capex, lower income tax payments and a favorable YoY evolution in Business working capital. (€ M) 59 0
Slide 31: Net income evolution
Net income evolution 31 +12.9% YoY, mainly on positive YoY impact from incidentals and income tax. +0.3% YTD 2 12 -1 454 (€ M) 45 1 402 -7 Effective tax rate 23.70% YTD'19 Underlying Incidentals D&A (*) Net Tax expense Others (***) YTD'20 Ebitda finance result (**) * Excluding Lease depreciations **
Slide 32: Proximus invested €628M YTD Q3 2020
32 Proximus invested € 628M YTD Q3 2020 (excl. spectrum & football rights) Build the best GIGABIT network for Belgium Fiber build Mobile network Transport network IT transformation New Digital platforms FTTH/B 4G population coverage Proactively strengthening Rationalizing IT landscape Automation & A
Slide 33: Keeping a sound financial position
33 Keeping a sound financial position (situation end September 2020) Adjusted Net debt end Dividends to non-controlling Net debt end 5.7 Yr Net Debt* December 2019 Free Cash Flow Dividends interests Other September 2020 Average debt duration (YTD, M€) Excluding Lease 1.75 % liabilities 505 -323 Weig
Slide 34: Q3 Consumer highlights
consumer 34 Q3 Consumer highlights • Strong commercial momentum for both the Proximus and Scarlet brand • Successful launch of Flex boosted Mobile postpaid net adds • Flex & attractive Scarlet back to school campaign supported strong growth for Internet and TV • Consumer revenue up YoY by +2.3%. • C
Slide 35: Consumer financials
consumer 35 Consumer financials 0.2% 2.3% Q3 revenue YoY Revenue 664 661 657 689 665 651 672 1,983 1,987 + 2.3% (M€, YoY) despite sustained Covid-19 related Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 YTD'19 YTD'20 roaming loss -3.2% -2.4% Q3 direct margin YoY Cost of Sales (M€, YoY) 150 151 150 185 1
Slide 36: Q3 revenue by product nature
consumer 36 Q3 revenue by product nature Highlights +2.3% Terminals: successful Back-to-School promotion €M driving uptake of high-end devices in Joint-Offer, YoY 672 combining the device with a mobile subscription 657 49 57 Tango: revenue performance was secured 29 29 through business resilience an
Slide 37: Fixed Services revenue came in strong for Q3
consumer 37 Fixed Services revenue came in strong for Q3 1,901 1,908 1,912 1,921 1,921 1,939 1,952 Broadband Internet +4.3% YoY and showing further improvement on the customers +39,000 YoY * 18 +2.1% 13 prior quarters supported by: (‘000) 8 7 5 9 0 • growing Internet & TV customer base Q1'19 Q2'19 Q
Slide 38: Mobile services revenue decrease contained to -4.0% for Q3
consumer 38 Mobile services revenue decrease contained to -4.0% for Q3 Mobile service revenue (M€) & YoY variance Mobile park (‘000) -4.0%YoY 18% Mobile services revenue, Prepaid vs -7.3% for Q2 -5.5% 618 -4.0% 3,496 178 171 531 502 Park* 82% +47,000 2,876 Postpaid Postpaid cards in Q3 Q3'19 Q3'20 Y
Slide 39: Postpaid and Prepaid
consumer 39 Postpaid Prepaid Revenue erosion slowed to -3.4% Revenue erosion due to lower park & Strong customer growth offset by ARPU decline, lower usage be it more limited QoQ. Revenue (M€ & YoY) Revenue (M€ & YoY) -3.4% -13.5% 162 164 167 160 155 153 161 15 13 12 11 11 10 10 Q1'19 Q2'19 Q3'19 Q4
Slide 40: X-play revenues up by +1.3%
consumer 40 X-play revenues up by +1.3%, in spite of the Covid-19 impact on roaming revenue 83% Consumer revenue generated by X-Play Customers* € 556M X-play Revenues X-play (M€) Customers (‘000) ARPC X-play (€) +1.3% YoY +1.3% YoY 549 556 3,143 3,136 Consumer 58.2 59.0 Revenue 714 700 € 672M 215 21
Slide 41: Convergent rate progressing to 59.3%
consumer 41 Convergent rate progressing to 59.3%* Convergent net adds (‘000) Convergent customers (‘000) Convergence rate Convergent revenue (€M) +50,000 YoY 59.3% 1,107 1,057 89 84 259 318 2P Conv 56.9 59.3 % Conv % 4.1% 3P Conv % 4P Conv Non Conv % 714 700 Total 43.1 40.7 305 317 16 12 12 % % Q1'2
Slide 42: Q3 Enterprise highlights
enterprise 42 Q3 Enterprise highlights • Revenue decline limited to -0.5% thanks to higher ICT product revenue, and a contained erosion in Fixed and Mobile services revenue. • Mobile Postpaid customer base +5,000 cards in Q3, Mobile ARPU down on decreased roaming traffic and continued competitive pr
Slide 43: Enterprise
enterprise 43 Enterprise -2.5% -0.5% Revenue Revenue -0.5% YoY, 351 343 337 367 343 327 335 Limited decline thanks to higher (M€, YoY) 1,031 1,005 ICT product revenue & contained Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 erosion in Fixed & Mobile services YTD'19 YTD'20 revenue 2.4% 4.7% Cost of Dire
Slide 44: YTD Q3 revenue by product nature
enterprise 44 YTD Q3 revenue by product nature Ongoing move from Telecom to ICT services YTD YTD Q3 2019: €1,031M Q3 2020: €1,005M 30 29 39 141 35 26 43% 29 129 Fixed Voice Fixed Data ICT/ABS Postpaid 184 179 in total ICT Enterprise revenue 386 ABS 400 +2 p.p. YoY Terminals 222 Others (incl Tango) 2
Slide 45: Fixed Voice
Fixed Voice enterprise 45 -5.2% Higher traffic leading to Fixed voice revenue (M€) & YoY variance 49 47 45 45 44 42 43 YoY increase in Fixed Voice ARPU, limiting the Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 YoY revenue decline to - 5.2% 531 519 509 500 489 484 475 + Increase in Fixed to Mobile traf
Slide 46: Internet revenue drivers
enterprise 46 Fixed Data -0.1% Stable Fixed data revenue Fixed data* revenue + Contract with Eleven sports (M€) & YoY variance 62 61 61 62 60 59 61 + Growing Fiber Park Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 - Ongoing legacy Data outphasing - Attractive customer pricing in competitive market 131
Slide 47: Mobile Services
enterprise Mobile Services 47 Solid growth in mobile base, ARPU impacted by roaming drop and price pressure Mobile Services revenue (M€) & YoY variance Mobile postpaid growth & EOP (‘000) -7.3% 1,048 1,053 1,059 1,063 1,072 1,081 1,086 +2.6% YoY Postpaid cards 73 75 74 72 71 67 69 19 * 5 6 5 8 9 5 +
Slide 48: 7.0% increase in ICT revenue
7.0% increase in ICT revenue, with Covid- enterprise 48 19 impacts limited so far • Low comparable base in Q3’19 ICT revenue (M€) & YoY • Growing revenue from Hybrid Cloud, Advanced workplace and Smart Networking, involving mostly 7.0% product revenue 132 128 126 152 134 131 135 • Specialized ICT co
Slide 49: Advanced Business Services
enterprise 49 Advanced Business Services ABS includes revenue from Proximus’ convergent solutions, and Smart mobility revenue from Be- Mobile, with improved parking revenues at Be- Mobile after a significant Covid-19 impact in the prior quarter. €M 3.8% 10 10 9 11 10 9 10 Q1'19 Q2'19 Q3'19 Q4'19 Q1'
Slide 50: Wholesale
wholesale 50 Wholesale • Revenue variance sequentially improved • Normalizing erosion of mobile inbound revenues vs. highly impacted Q2 • Visitor & instant roaming revenues continued to be impacted by Covid-19 driven travel reluctance and bans. • DM decline following revenue trend with 1/2 of declin
Slide 51: Q3 BICS results
bics 51 Q3 BICS results • Direct margin impacted by Covid-19 travel restrictions and progressive MTN insourcing more than offsetting a continued strong performance by TeleSign. • Stable operating expenses. • Ebitda of € 31M, -22.5% YoY driven by lower direct margin. • Ebitda margin of 10.5%, -1.4p.p
Slide 52: BICS P&L
bics 52 BICS P&L -9.1% -12.3% Revenue mix moving further Revenue (M€) from Voice to Data. & YoY variance 983 894 319 329 335 317 308 293 294 Direct Margin € -9M YoY Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 YTD'19 YTD'20 • about € -7M Covid-19 effects • progressive impact from MTN’s -5.3% insourcing
Slide 53: Non-Voice and Voice
bics 53 Non-Voice Voice Pandemic related travel restrictions resulting in direct Voice direct margin decline, following structural Voice margin loss in signalling, mobile data roaming & revenue decline, and a progressive impact from MTN’s messaging, somewhat compensated for by a continued insourcing
Slide 54: Appendix
appendix 54 Appendix • CSR P 55 • Tango Luxembourg P 61 • Spectrum P 62 • From reported to underlying P 64 • Pricing information P 65 • Shareholder structure P 73 • Contact information P 75
Slide 55: Our societal impact @ Proximus
Our societal impact @ Proximus
Slide 56: As a telecom operator we play a vital, pivotal role in society
As a telecom operator we play a vital, pivotal role Networks of the future 5G & Fiber in society Keeping people and companies connected Digital access for all & digital education Local, human & secure economic models Partnering with public authorities
Slide 57: We do business with sustainability at the heart of all we do
We do business with sustainability at the heart of all we do Contributing to the UN Our ambition: Sustainable Development Goals: Contributing to create an inclusive, safe, sustainable and prosperous digital Belgium
Slide 58: COVID-19 crisis: helping people to stay connected
COVID-19 crisis: helping people to stay connected The COVID-19 pandemic has been a defining moment for the Telecom sector, underlining our societal responsibility and reinforcing our belief in Proximus’ sense of purpose to open up a world of digital opportunities so people live better and work smart
Slide 59: A sustainability strategy built on 4 strategic areas
A sustainability strategy built on 4 strategic areas An ambition… … inspired by our sense of purpose Creating an inclusive, safe, sustainable and prosperous We open up a world of digital opportunities so peoplelive digital Belgium better and work smarter Enabling a better digital life Caring for our
Slide 60: We are committed to making a societal impact
We are committed to making a societal impact • Investing in networks to • Parental control onTV • 18,000 internet access • CO2 neutral for activities directly support the Belgian and smartphones codes and 700 computers under our control economy & society donated to disadvantaged • 1.6 Mio active use
Slide 61: Tango Luxembourg
appendix 61 Tango Luxembourg Telecom brand of Proximus Luxembourg SA Q3 2020: €35M -0.2% Enterprise Tango 6 Consumer Revenue 35 32 35 39 34 33 35 Stable YoY, despite sanitary (M€) crisis. Revenue performance Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 secured through business 29 resilience & Tango’s d
Slide 62: Spectrum
appendix 62 Spectrum The multi-band spectrum auction still on hold Current ownership and new spectrum: Expiry dates Proximus OBEL Telenet 29/11/33 800 MHz 2 x 10 2 x 10 2 x 10 Proximus OBEL Telenet 15/03/21** 900 MHz 2 x 12.4 2 x 11.6 2 x 10.2 Renewal 1,800 Proximus OBEL Telenet 15/03/21** MHz 2 x 2
Slide 63: Temporary 5G Spectrum
appendix 63 Temporary 5G Spectrum Awaiting the multiband auction, temporary licenses have been allocated in the 3600-3800MHz band Orange 3600-3800 Proximus Telenet Cegeka Belgium MHz 50 MHz 50 MHz 40 MHz 50 MHz • 13 October 2020: After the drop out of Entropia, BIPT redistributed the spectrum among
Slide 64: From reported to underlying figures
appendix 64 From reported to underlying figures GROUP GROUP GROUP GROUP Rev enu e EBITDA Rev enu e EBITDA (EUR million) Q3 '19 Q3 '2 0 Q3 '19 Q3 '2 0 YTD '19 YTD '2 0 YTD '19 YTD '2 0 Report ed 1,407 1,3 68 477 490 4,2 3 9 4,091 1,452 1,486 Lease Depreciations 0 0 -21 -19 0 0 -64 -60 Lease Interest
Slide 65: Flex
Flex • Pickx & 80 channels • My e-Press • TV Replay The pack tailored to each family member + Family life Premium app + Unltd calls to Belgium, 24/7 • Unlimited internet • Optimized wifi • Family life app • Cloud 10 GB +€ 11 + WiFi Booster (Fiber 350 Mbps) + Fiber 500 Mbps (**) • Pickx & 80 channels
Slide 66: Flex hero combinations including mobile
Flex – 4 hero combinations with mobile Flex 4 hero combinations including mobile 3P The essentials Mob All-in 4P All-in for families 4P Unlimited mobile surfing 4P 5 GB 5 GB 5 GB mobile data 5 GB mobile data + continue surfing for free + continue surfing for free + continue surfing for free + contin
Slide 67: Mobilus mobile standalone pricing
appendix 67 Mobilus – mobile standalone pricing S M L XL 5G + Mobile only: Unlimited Unlimited Mobilus 2 GB Unlt. sms 8 GB Unlt. sms 15 GB Unlt. sms Unlt. data* Unlt. sms Unlt. data** Unlt. sms Unlimited Mobile data 120 min Unlt. min Unlt. min Unlt. min for your Unlt. min favourite App Standalone pr
Slide 68: Bizz Mobile portfolio
appendix 68 Bizz Mobile portfolio *FUP: BE+EU: 40 GB at full speed 4G, then 512 Kbps **FUP: EU: 50GB then 0,0035€/MB at full speed Bizz Mobile Bizz Mobile 5G Bizz Mobile S Bizz Mobile M Bizz Mobile L Unlimited International 2 GB 10 GB 20 GB Unlimited data* Unlimited data** 100 min + Unlimited min Un
Slide 69: Full-digital journey mobile offer
appendix 69 *25GB at maximum speed in Belgium + EU *25GB at maximum speed in Belgium + EU € 19.99 € 24.99 • Full-digital journey • Worry-free connection, anytime, anywhere • Pioneering in the Millennials & Gen Z segment
Slide 70: Digital native and Full experience packs
appendix 70 Digital native Full experience Mobile subscription with Mobile subscription with endless data for social + endless data for social + music + video apps music + video apps Internet at home Internet at home TV everywhere via TV on all your screens Pickx app and web High performance cloud g
Slide 71: Fixed portfolio
appendix 71 fixed portfolio Positioning Scarlet as no frills brand, with very attractive pricing for ‘price seekers’ Free Installation in Q3 2020!
Slide 72: Mobile portfolio
appendix 72 mobile portfolio NEW
Slide 73: Shareholder structure
appendix 73 Shareholder structure Total number of shares Free-float Belgian Government Market Capitalization* Dividend yield* 338,025,135 42% 54% ~€ 5.0Bn ~7.7% Number of shares Number of shares Number of shares % shares % Voting rights % Dividend rights with voting rights with dividend rights Belgi
Slide 74: Cautionary statement
Cautionary statement “This communication may include some forward-looking statements, without limitation, regarding Proximus’ financial or operational results, certain strategic plans or objectives, macro-economic trends, regulation, future market conditions and other risk factors. These forward-loo
Slide 75: For further information…
appendix 75 For further information… Investor Relations Call: +32 2 202 82 41 +32 2 202 62 17 E-mail: investor.relations@proximus.com Proximus Investor Relations website : www.proximus.com/en/investors Nancy Goossens Eline Bombeek Investor Relations Director Investor Relations Manager