Telekom Austria Ag · VIE:TKA
Telekom Austria — Q3 2023 Earnings Presentation
17 slides from Telekom Austria's earnings presentation, Oct 17, 2023
Slide 1: Results for Q3 2023 and Q1-Q3 2023
Results for Q3 2023 and Q1-Q3 2023
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 Q3 2023
A1 Group Highlights Q3 2023 • Spin off and listing of Telekom Austria’s tower business, EuroTeleSites. – EUR 1 bn reduction of financial debt; Net debt excl. leases / EBITDAaL: 0.4x • Q3 revenues up by 3%, driven by service revenues • FX impact from BYN/EUR: Revenues € -33 mn; EBITDA € -14 mn • EBIT
Slide 4: Customer-related information
Customer-related information Mobile subscribers (in thousand) RGUs (in thousand) Q3 ‘23 Group ARPU and ARPL * (in €) 26.2 26.9 ▲ ▲ 2.6% 0.0% 25,131 6,249 6,250 22,766 23,897 24,116 24,486 6,148 6,050 6,077 6,204 6,221 21,288 21,864 24% 27% 27% 28% 28% 29% 29% 11.2 11.8 82% 83% 84% 84% 84% 84% 80% 42
Slide 5: Group revenues
Group revenues Unless otherwise stated, all amounts in € mn Q3 2023 Q3 2022 Q1-Q3 2023 Q1-Q3 2022 Service revenues 1,116 1,069 +4.5% 3,237 3,083 +5.0% Equipment revenues 189 200 -5.8% 578 517 +11.7% Other operating income 21 23 -10.0% 68 67 +1.1% Total revenues 1,326 1,292 +2.6% 3,883 3,667 +5.9% Se
Slide 6: Segment Austria in Q3 2023
Segment Austria in Q3 2023 Highlights Revenues (€ mn) • Service revenue growth (+2.5%) compensated for substantially lower +0.3% equipment sales, while EBITDA below PY mainly due to special effects 702 704 • Mobile: − Solid development in the retail segment, driven by mobile core business and mobile
Slide 7: International segments in Q3 2023
International segments in Q3 2023 Highlights Revenues and EBITDA (€ mn) Favorable market conditions prevail in most of markets, resulting in a solid growth in the reporting period, despite negative FX effects in Belarus. +14.2% +14.3% (BYN) 189 +12.2% +1.9% (BYN) • Bulgaria: Solid traction both in t
Slide 8: P&L
P&L Unless otherwise stated, all amounts in € mn Q3 2023 Q3 2022 Q1-Q3 2023 Q1-Q3 2022 Total Costs and Expenses – higher; negatively Revenues 1,326 1,292 +2.6% 3,883 3,667 +5.9% impacted by special factors, increased electricity and OPEX (806) (775) +4.0% (2,440) (2,261) +7.9% product-related costs
Slide 9: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment-grade ratings As of September 30, 2023 – excluding EuroTeleSites Overview (September 30, 2023) Lines of credit (September 30, 2023) Credit ratings • Total financial debt:€ 878 mn • Total committed lines: € 1,415 mn Moody's S&P Fitch • Average cost of debt
Slide 10: Focus points
Focus points 10 Results presentation: Q3 2023
Slide 11: Successful listing of A1's towers business, (ETS)
Successful listing of A1’s towers business, (ETS) EuroTeleSites successfully listed on Vienna Stock Exchange and trading commenced on September 22, 2023 Shareholders of Telekom Austria received one ETS share for every four Telekom Austria shares ETS reference share price on the first trading day set
Slide 12: ESG: Value chain transformation to reduce Scope 3 emissions
ESG: Value chain transformation as one of the key levers to reduce our Scope 3 emissions Engage our suppliers Enable our customers 85% of our total ▪ Step 1: emissions in the value chain ▪ Example 1: Trade-In Vouchers Category-based belong to Scope 3 High Medium High We have launched trade-in vouche
Slide 13: Austria: Fiber adoption and rollout pace impacted by rising civil engineering costs
Austria: Fiber adoption and rollout pace impacted by rising civil engineering costs Revenues A1 is clear number 1 when it comes to the fiber rollout volume and pace Average take-up rate of 35% Successful up-selling of the copper customer base to high-speed FTTH products Plan 2023: around 160k homes
Slide 14: Outlook
Out look 14 Results presentation: Q3 2023
Slide 15: Guidance '23
Guidance ‘23 Consensus Total revenues Around +5% € 5.231 mn (+4.6%) CAPEX (excl. spectrum) Around € 950 million € 975 mn Guidance 2023 confirmed. 15 Results presentation: Q3 2023
Slide 16: A1 ambitions 2024-2026
A1 ambitions 2024-2026 Revenues EBITDA CAPEX 3-4% increase p.a. 4-5% increase p.a. € 2.8 bn plus frequencies Based on current inflation and exchange rate expectations Based on current inflation and exchange rate expectations Dividend baseline € 0.32 Based on the Group's operational and financial dev
Slide 17: Hans Lang, Head of Investor Relations
Hans Lang Head of Investor Relations E investor.relations@a1.group M +43 50 664 47500