Telefonica Deutschland Holding AG · LS:A1J5RX
Telefonica Deutschland — Q2 2021 Earnings Presentation
16 slides from Telefonica Deutschland's earnings presentation, Jul 28, 2021
Slide 1: Preliminary results Q2/H1 2021
Telefonica Deutschland Preliminary results Q2/H1 2021 28 July 2021 Markus Haas Markus Rolle CEO CFO (5 @Markus Haas 6 @Markus Rolle
Slide 2: Disclaimer
Disclaimer This document contains statements that constitute forward-looking statements and expectations about Telefónica Deutschland Holding AG (in the following “the Company” or “Telefónica Deutschland”) that reflect the current views and assumptions of Telefónica Deutschland's management with res
Slide 3: Successful first half of 'investment for growth' programme
Successful first half of ‘investment for growth’ programme Updating FY21 outlook to ‘slightly positive’ yoy growth We democratise access to the sustainable digital future to create a better everyday life for everyone Boost Revenues H1 2021 Outperform the market Revenue yoy OIBDA1 yoy Capex/Sales Mob
Slide 4: Swift business recovery following re-opening of economy
Swift business recovery following re-opening of economy O2 GROSS ADDS O2 CHURN PREPAID TOP-UP BOOKINGS Channel mix At historic lows Recovered Gradual recovery of int’l roaming revenues since phased re-opening >50% of Q2 19 level (pre-pandemic nonEU) 4
Slide 5: Awarded 'very good' rating for mobile and fixed networks
Awarded ‘very good’ rating for mobile and fixed networks Mobile network equalisation 2017 2018 2019 2020 Broadest fixed-line footprint via TAA ‘very good’ 3rd ‘very good’ sequential ‘very good’ 2019 2020 2021 • Added Tele Columbus to TAA portfolio • Launched first municipality on UGG fibre network 5
Slide 6: Rapid 5G rollout – data growth accelerated with highspeed mobile network
Rapid 5G rollout – data growth accelerated with highspeed mobile network O2 5G Network rapidly expanding Data traffic more than doubling every 2 years 1.5 bn 1 bn 1 bn 10GB 620m avg. usage1 420m 5G in more than 80 cities 2019 2021 1 O Free Postpaid 2 Normalised C/S following completion of ’investmen
Slide 7: Updating FY21 outlook to 'slightly positive' yoy growth
Updating FY21 outlook to ‘slightly positive’ yoy growth FY21 outlook1 Actuals H1 21 Updated FY21 outlook1 +2.9% Revenues Flat to slightly positive yoy 3,636 3,743 Slightly positive +1.9%3 H1 20 H1 21 Broadly stable to +8.2% OIBDA2 slightly positive yoy 1,085 1,173 Slightly positive +3.5%4 H1 20 H1 2
Slide 8: Slide 8
Slide 9: Strong operational and financial momentum with focus on profitable growth
Strong operational and financial momentum with focus on profitable growth Revenues (EURm) Accelerating MSR trends (EURm) +5.7% +3.5%1 +4.3%1 yoy -3.3% +0.0% +1.3% -0.3% +7.4% MSR 1,275 1,361 1,359 1,307 1,370 yoy Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 +14.4% -2.1% +4.4% +2.3% -1.2% 1,893 Handset yoy 322 311
Slide 10: Excellent trading momentum supported by online channels
Excellent trading momentum supported by online channels Mobile Net Adds (k) Postpaid (ex M2M) M2M Fixed Net Adds (k) O2 Postpaid Churn 1.1% 1.0% 1.0% 1.0% 0.8% Churn 0.8% 0.9% 0.9% 1.0% 0.9% 490 455 308 13 236 262 10 435 374 6 158 261 220 -1 -7 78 47 55 42 82 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 2
Slide 11: Strong OIBDA growth
Strong OIBDA growth Q2 2021 (EURm) OIBDA1 (EURm) 28 -557 -145 1,893 -609 595 639 612 552 562 2 612 Revenue Other Supplies Personnel Other Exceptional OIBDA adj. Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Income3 expenses expenses4 effects5 for exceptional OIBDA +10.8% effects yoy -5.1% +0.8% +3.2% +5.5% +3.6%2 1
Slide 12: FCF dynamics reflect usual seasonality with FCFaL already positive in H1
FCF dynamics reflect usual seasonality with FCFaL already positive in H1 – underpinning solid financial position EURm WC movements -253 3 -508 1.157 9 -158 -45 -59 -7 -10 382 -368 14 OIBDA Net effect from CapEx ex CapEx Prepayments Restructuring Other WC Equity Others FCF pre Lease FCFaL sale of ass
Slide 13: Strong operational and financial momentum drives profitable growth
Strong operational and financial momentum drives profitable growth – updating FY21 outlook to ‘slightly positive’ yoy growth Excellent trading momentum Q2 postpaid net additions more than doubling yoy Accelerating revenue growth Driven by sustained MSR and fixed revenue momentum Strong OIBDA growth
Slide 14: Management Q&A
Telefonica Deutschland Management Q&A Markus Haas CEO (3 @Markus Haas Markus Rolle CFO (5 @Markus Rolle
Slide 15: Investor Relations contacts
Christian Kern Director Investor Relations +49 179 9000 208 christian.kern@telefonica.com Marion Polzer, CIRO Head of Investor Relations +49 176 7290 1221 marion.polzer@telefonica.com Eugen Albrecht, CIRO Senior Investor Relations Officer +49 176 3147 5260 eugen.albrecht@telefonica.com
Slide 16: Telefonica Deutschland
Telefonica Deutschland
Telefónica Deutschland — Q2 2021 Earnings Presentation on 6ix