Telefonica Deutschland Holding AG · LS:A1J5RX
Telefonica Deutschland — Q2 2023 Earnings Presentation
24 slides from Telefonica Deutschland's earnings presentation, August 2023
Slide 1: Telefónica Deutschland Investor presentation August 2023
Slide 2: Disclaimer
Disclaimer This document contains statements that constitute forward-looking statements and expectations about Telefonica Deutschland Holding AG (in the following “the Company” or “Telefonica Deutschland’) that reflect the current views and assumptions of Telefonica Deutschland's management with res
Slide 3: Germany Established Player Operational
Germany Established Player Operational Attractive and dynamic Leveraging Excellence telecoms market economies of scale _ ee Driving digitalisation Strong macro Rational market Data growth Largest ; owned customer base All-infrastructure Soft convergence . set-up Multi-brand & -channel 3 integrated p
Slide 4: Business Climate Index
Business Climate Index! Jan 2019 Jan 2021 Jan 2022 July 2023 ‘fo institute forecast June 2023
Slide 5: Competitive Environment
Competitive Environment Rational & balanced market! Market development? Mobile service revenues? (EUR bn) { +3.4% + +3.1% 1 ~ : .: i ie & “oeténien Deutsch 2021 2022 2023e Oo watfono 29% Fixed BB retail revenues? (EUR bn) Fiber Ml Cable Ml DSL OE sr 10.1 10.5 1.2 * Rational market following 4 to 3 c
Slide 6: Leading M4M including 5G mass-market enablement
Leading M4M including 5G mass-market enablement 6
Slide 7: High quality green 5G network - driving digitalisation & economic growth
High quality green 5G network - driving digitalisation & economic growth Achieved 5G target of ~90% already by H1 23 ‘Very Good’ Network ~90% 5G coverage ‘Very Good’ Service Telefonica Deutschland
Slide 8: ESG Update
ESG Update Long-term PPAs Direct sourcing of green energy Well recognised Top ESG rankings Extending ESG Leadership FY23 key focus areas of Responsible Business Plan Energy efficiencies Residual emissions EU Taxonomy
Slide 9: Excellent progress to build the best Telefónica Deutschland
Excellent progress to build the best Telefónica Deutschland 9
Slide 10: Achieved positive FCFaL already in H1 23 – enhancing strong balance sheet
Achieved positive FCFaL already in H1 23 – enhancing strong balance sheet 400 200 -100 10
Slide 11: FY23 Outlook
FY23 Outlook Actuals H1 23 Low single digit % growth 4,192 +6.2% incl. regulatory headwinds of 50-60 EURm EURm yoy Revenues FY22 dividend paid in May-23 - EURc 18/share Yeuts ar coe
Slide 12: We look forward to your feedback
Director Investor Relations +49 179 9000 208 christian.kern@telefonica.com We look forward to Head of Investor Relations +49 176 7290 1221 marion.polzer@telefonica.com your feedback Senior Investor Relations Officer +49 176 3147 5260 eugen.albrecht@telefonica.com
Slide 13: Appendix
Appendix
Slide 14: Mobile KPIs
Mobile KPls Postpaid net adds! (k) 304 3 —_ Prepaid net adds (k) Q222 Q3 22 Q4 22 Q2 23 Q222 Q3 22 Q4 22 Mobile customer base (k) Hl Postpay ex M2M Prepay ex M2M M2M 46,696 46,974 44591 16844 1716@ 16965 _ — 19,244 19,186 16,275 15,9222 15,791 a : ao fl Q222 Q3 22 Q4 22 Q123 Q2 23 Telefonica Deutsch
Slide 15: Mobile KPIs
Mobile KPls Postpaid ARPU ex M2M (EUR) Prepaid ARPU (EUR) Q2 22 Q3 22 Q4 22 Q123 Q2 23 Q2 22 Q3 22 Q4 22 Q123 Q2 23 u/L Postpaid O, ARPU (%) 16% 11% 0.4% 07% 0.4% Q222 a3 22 a4 22 ai23 Q2 23 Telefonica Deutschland 15 eve
Slide 16: Fixed KPIs
Fixed KPIs Retail broadband net adds (k) Fixed accesses (k) Mi cable Ml Fibre MM VDSL DSL Wl vost 19 25 2,257 2,276 2,294 2,319 2,340 18 28 5 7 1,826 1829 1,845 Del Q222 Q3 22 Q422 Q123 Q223 Q2 22 Q3 22 Q4 22 Q123 Q2 23 Fixed retail ARPU (EUR)! - Q222 Q3 22 Q4 22 Q123 Q2 23 Telefonica Deutschland __
Slide 17: P&L
P&L Revenue structure (EUR) OIBDA' (EUR) Il OIBDA adj, for exceptional effects Fixed Ml Handset Ml MSR Other revenues 2190 OIBDA 31.4% 30.8% 30.4% 29.1% 30.9% 2,003 Bees 203 2,091 Margin 201 208 206 642 667 612 5 — I —_ I Q222 a3 22 Q4 22 Q2 23 Q222 a3 22 a4 22 ai23 Q2 23 OpEx split? (EUR) CapEx? (E
Slide 18: Continuing strong financing profile
Continuing strong financing profile Net Financial Debt Committed to maintain Fitch BBB investment grade rating 1.3x Leverage limit under 3112. financing policy 2022 3,212 1.4x 30.06 2023 3,680 Liquidity (m€) 4) 1.977 308 i Cash per Bilateral RCFs Synloan _Telfisa Overdraft Total Liquidity 30.06.2023
Slide 19: More-for-more O2 Mobile tariff portfolio launched Apr-23
More-for-more ‘O, Mobile’ tariff portfolio launched Apr-23 O, Mobile M O, Mobile L [) Data volume 4GB 25 GB 140 GB IG Flexible contract duration: ON 1GB yoy 5 GB yoy 10 GB yoy monthly contract termination Max. Speed 300 Mbit/s 300 Mbit/s 300 Mbit/s ae Network 4G /5G AG /5G 4G /5G All customer needs
Slide 20: More-for-more O2 Mobile unlimited tariff portfolio launched Apr-23
More-for-more ‘O, Mobile’ unlimited tariff portfolio launched Apr-23 Max. Speed Network VOICE/SMS flat EU Roaming Monthly fee Telefonica Deutschland 3 MBit/s AG /5G 4 VA 32.” OQ, Mobile Unlimited Smart 15 MBit/s AG /5G SY SY 42.” O, Mobile Unlimited Max 500 Mbit/s AG /5G 4 4 62.” Gal Unlimited usage
Slide 21: O2 my Home tariffs
O2 my Home L O2 my Home XL O2 my Home S Max. Speed 10 MBit/s 100 MBit/s 250 MBit/s Upload 2 MBits/s Upload 40 MBits/s Upload 40 MBits/s Voice flat to German fixed networks Optional HomeBox 2 FRITZ!Box 7490 FRITZ!Box 7590 2.99 mthl 2.99 mthl - 4.99 mthl 4.99 mthl - 5.99 mthl 5.99 mthl 5.99 mthl Month
Slide 22: Future-proof spectrum set-up to enable best customer experience
Future-proof spectrum set-up to enable best customer experience Utilisation today Total availability Total spectrum holding 1&1 22
Slide 23: ESG ratings
Risk Low: 12.7 (Low) | Exposure Score: 40.0 (Medium) | Management Score: 75.9 (Strong) Rating: AA 'Status: January 2023 2Note: Result 2021 23
Slide 24: Telefónica Deutschland
Telefonica Deutschland
Telefónica Deutschland Holding — Q2 2023 Earnings Presentation on 6ix