Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q3 2024 Earnings Presentation
13 slides from Magyar Telekom Telecommunications's earnings presentation, Nov 13, 2024
Slide 1: Magyar Telekom Group Q3 2024 Results Presentation
MAGYAR TELEKOM GROUP Q3 2024 RESULTS PRESENTATION November 13, 2024
Slide 2: Disclaimer
Disclaimer This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should n
Slide 3: Q3 2024 highlights
Q3 2024 highlights Ensuring seamless connectivity Hungarian gigabit fixed access points over 3.8 million Hungarian RAN modernization readiness at 94%; population-based outdoor 5G coverage at 71.8% Providing outstanding customer experiences Reshaping of mobile and fixed portfolios Enhancement of serv
Slide 4: Growth continues to be driven by mobile data; ARPU uplifts supported by inflation-based fee adjustment
Growth continues to be driven by mobile data; ARPU uplifts supported by the inflation-based fee adjustment Mobile SIMs Mobile ARPU ‘000 HUF +4.9% M2M 4,458 Q3 2023 Blended +11.3% 6,089 6,389 Prepaid 4,961 Q3 2024 15.8% 20.6% Postpaid 6,662 Postpaid +16.8% 22.1% 20.1% 7,778 1,372 Prepaid +6.2% 62.0%
Slide 5: Fiber uptake supporting broadband customer base expansion and ARPU trends
Fiber uptake supporting broadband customer base expansion and ARPU trends Fixed line multiplay residential subscribers Fixed voice, BB and TV ARPU ‘000 HUF +1.5% Q3 2023 1,617 1,642 1,972 Q3 2024 Fixed voice +9.1% 14% 13% 2,152 1Play 2Play 4,634 43% 46% Fixed BB +19.1% 5,520 3Play 3,995 43% 41% Pay
Slide 6: Revenue growth reflects inflation-based fee adjustment and favorable operational developments
Revenue growth reflects inflation-based fee adjustment and favorable operational developments Revenue, Q3 2024 vs Q3 2023 HUF bn ▪ Subscription revenues boosted by +13.8% implementation of inflation-based fee 5.7 3.0 246.1 adjustment 8.4 13.5 -0.6 216.2 ▪ Growing data usage supported mobile service
Slide 7: EBITDA AL driven by strong gross profit growth, offsetting increasing employee-related expenses
EBITDA AL driven by strong gross profit growth, offsetting increasing employee-related expenses EBITDA AL, Q3 2024 vs Q3 2023 HUF bn 21.3% ▪ Increase in gross profit attributable to: 20.5 1.2 88.7 − positive underlying operational trends -1.6 -0.2 73.1 -4.3 − implementation of the inflation-based fe
Slide 8: Rise in net income driven by EBITDA growth and favorable financial expense developments
Rise in net income driven by EBITDA growth and favorable financial expense developments Net income (and adjusted net income), Q3 2024 vs Q3 2023 HUF bn 6.9 0.3 44.5 1.5 46.0 15.7 0.8 30.0 -2.1 22.9 -7.1 Q3 2023 Adjustments* Q3 2023 EBITDA D&A Net financial Income tax Non-contr. Q3 2024 Adjustments*
Slide 9: Free cashflow reflects favorable EBITDA performance
Free cashflow reflects favorable EBITDA performance Free cashflow, H1 2024 vs H1 2023 CAPEX, 9M 2024 vs 9M 2023 HUF bn HUF bn -4.2% 63.5 7.1 108.5 72.8 69.8 -8.0 -2.0 11% 9% -0.7 10% 9% 14% 48.3 0.3 48.6 10% 28% 20% 42% 46% 9M 2023 Frequency FCF excl. EBITDA Working Other Investing Repayment 9M 2024
Slide 10: 2024 guidance confirmed
2024 guidance confirmed 2023 results 2024 guidance 9M 2024 results HUF 711.0 bn REVENUE HUF 849.4 bn ca 10% growth (+14.6% y-o-y) HUF 255.4 bn EBITDA AL HUF 257.9 bn ca 25% growth (+32.7% y-o-y) ADJUSTED NET HUF 93.6 bn ca HUF 150 bn HUF 128.0 bn INCOME FCF 1 HUF 86.8 bn ca HUF 140 bn HUF 108.5 bn 1
Slide 11: For further questions please contact the IR department
? For further questions please contact the IR department: Diána Párkányi-Várkonyi Rita Walfisch Capital Market Relations Hub Lead Investor Relations Manager Phone: +481-7676 Phone: +36 1 457-6084 e-mail: varkonyi.diana.annamaria@telekom.hu e-mail: walfisch.rita@telekom.hu
Slide 12: Back-up
BACK-UP
Slide 13: North Macedonia: Q3 2024 and 9M 2024 results
North Macedonia: Q3 2024 and 9M 2024 results Revenues, Q3 2024 vs Q3 2023 EBITDA AL, Q3 2024 vs Q3 2023 HUF mn HUF mn +2.4% -2.9% 454 22 19,838 744 -6 8,629 19,368 8,380 -990 -3 Q3 2023 Mobile Fixed SI/IT Q3 2024 Q3 2023 Gross profit Indirect costs IFRS 16 impact Q3 2024 Revenues, 9M 2024 vs 9M 2023