Hrvatski Telekom d.d. · ZSE:HT
Hrvatski Telekom d.d — Hrvatski Telekom — FY2012 Earnings Presentation
19 slides from Hrvatski Telekom d.d's earnings presentation, Feb 14, 2013
Slide 1: Business and Financial Review January – December 2012
Business and Financial Review January – December 2012 14 February 2013
Slide 2: Disclaimer
Disclaimer These materials and the oral presentation do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company nor should they or any part of them or the fact of their distribution form t
Slide 3: Business environment highlights: Croatia and Croatian Economy
Business environment highlights Jan – Dec 2012 Croatian economy - facts (1) One of slowest recovering economies in region since entering recession at beginning of 2009 GDP growth in Q3 2012: -1.9%, average 2012 forecast around -1.8% (1) Registered unemployment rate 21.1% in December 2012 (December 2
Slide 4: Telecom and ICT Market in Croatia
Telecom and ICT Market in Croatia Jan – Dec 2012 Fixed Voice Mobile 3 operators on the market, 7 brands 9 licensed active operators on the market(1) Mobile penetration at 117%, down 3pp C CPS, S, U ULL,, WLR(2), naked a ed b bitstream tst ea aand dbbitstream tst ea Increased usage, but revenue conti
Slide 5: Group highlights
Jan – Dec 2012 Group highlights Financial Revenue down 7.6% to HRK 7,456 million; tough economic, competitive and regulatory environment continues EBITDA decreased 8.0% to HRK 3,376 million; EBITDA margin at 45.3% EBITDA before exceptional items (1) down 8.1% to HRK 3,520 million; margin 47.2% Net p
Slide 6: FY 2012 outlook and results
FY 2012 outlook and results Jan - Dec 20012 Announced outlook Delivered results As of 30 Oct 2012 FY 2012 ..the Group now expects a greater than Revenue anticipated p reduction in revenue,, indicating a mid single-digit percentage D li 7.6% Decline: 7 6% decline compared to 2011. ~ EBITDA before due
Slide 7: Revenue development
Jan – Dec 2012 Revenue development -7.6% Revenue breakdown (HRK million) (1) 8,067 -20.0% +0.9% -11.3% Misc Misc. 8,067 , 6 -412 -66.2% 2% +8.7% -7.6% 8 7% +14 14 -51 -6.2% 6 2% 447 126 7,456 7,456 9 -206 +51 -8 396 114 1,513 1 527 1,527 588 639 Jan-Dec Fixed Mobile Wholesale IP ICT Other Jan-Dec 20
Slide 8: Mobile
Jan – Dec 2012 Mobile Market share by subscribers (%) (1) Number of subscribers (‘000)(2)(3) 2,418 -3.8% 2,326 53.0% 53.5% 1 035 1,035 1,011 +30.5% 47.0% 46.5% 1,383 1,315 661 862 31 Dec 2011 31 Dec 2012 31 Dec 2011 31 Dec 2012 T-HT Other mobile operators Prepaid Postpaid Data ARPU (HRK/month) (2) +
Slide 9: Fixed telephony
Jaan – Dec 22012 Fixed telephony Number of mainlines (‘000) (1) ARPA (HRK) (2) 1,384 1,312 -5.2% 124 -5.1% 5.1% 104 1,260 1,208 121 115 31 Dec 2011 31 Dec 2012 Jan-Dec 2011 Jan-Dec 2012 Retail Wholesale Number of ULL (‘000) Total traffic down 13.8% to 2,405 million +9.1% minutes Successful win-back
Slide 10: IP services
Jan – Dec 2012 IP services No. of broadband access lines (‘000) (1) Broadband retail ARPA (HRK) (2) 651 +1.1% 658 +2.4% 4 25 647 633 123 126 31 Dec 2011 31 Dec 2012 Jan-Dec 2011 Jan-Dec 2012 Retail Wholesale Number of TV customers (‘000) (3) Number of retail broadband lines impacted by +6.9% wholesa
Slide 11: Residential segment
Jan – Dec 2012 Residential segment Revenue breakdown (1) (HRK million) Contribution to EBITDA (1)(2) (HRK million) 4,433 16 -7.5% Misc. 51 153 5 4,099 18 -33 134 -8.9% 8 9% 1,555 1,597 3,115 2,838 2,658 2 353 2,353 Jan-Dec 2011 Jan-Dec 2012 Jan-Dec 2011 Jan-Dec 2012 Voice revenue Non voice revenue O
Slide 12: Business segment
Business segment Jan – Dec 2012 Revenue breakdown (1) (HRK million) Contribution to EBITDA (1)(2)(HRK million) 3,635 109 -7.6% 3,358 129 552 60 455 49 -9.7% 1,119 1,164 2,289 2,068 1 795 1,795 1 561 1,561 Jan-Dec 2011 Jan-Dec 2012 Voice revenue Non voice revenue Jan-Dec 2011 Jan-Dec 2012 O h service
Slide 13: Financial highlights
Financial highlights all in HRK million, except where stated differently Jan – Dec 2012 Revenue(1) EBITDA before except. items(2) EBITDA 47.5% 47.2% 45.5% 45.3% -7 6% -7.6% 8,067 7,456 -8.1% -8.0% 3,832 3,520 3,670 3,376 €1,086m €991m € €251 6 m €516m €244m € 68 €468m 9€251 m €494m € €244m € 9 €449m
Slide 14: Group 2013 Outlook
Group 2013 Outlook Jan – Dec 2012 Revenue Last year brought no recovery in the national economy; the recession persisted with GDP forecasts for 2012 at -1.8% and for 2013 at -0.2%. Unemployment and business payment arrears remained at high levels, public debt increased and industrial p production de
Slide 15: Appendix
Appendix ww Spa Hrvatski, Smee eee eee Telekom 15
Slide 16: Consolidated income statement
Consolidated income statement Jan – Dec 22012 Jan-Dec Jan-Dec % of change in HRK million (IFRS) 2012 2011 A12/A11 Mobile 1) 3,122 3,328 -6.2% Fixed Telephony 2) 1,649 2,061 -20.0% Wholesale 639 588 8.7% IP Revenue 1,527 1,513 0.9% Data 2) 114 126 -9.4% ICT 1) 396 447 -11.3% Miscellaneous 9 6 65.2% R
Slide 17: Consolidated balance sheet
Consolidated balance sheet Jan – Dec 22012 At 31 Dec At 31 Dec % of change in HRK million (IFRS) 2012 2011 A12/A11 Intangible assets 1) 1,142 1,087 5.1% Property, plant and equipment 5,734 5,953 -3.7% Non-current financial assets 897 435 106.2% Receivables 21 23 -8.8% % Deferred tax asset 65 52 25.3
Slide 18: Consolidated cash flow statement
Consolidated cash flow statement Jan – Dec 22012 Jan-Dec Jan-Dec % of change in HRK million (IFRS) 2012 2011 A12/A11 Profit before tax 2,092 2,255 -7.2% Depreciation and amortization 1,326 1,448 -8.4% Increase / decrease of current liabilities 105 -347 130 2% 130.2% Increase / decrease of current re
Slide 19: Investor relations contact
Investor relations contact Erika Kašpar Tel: + 385 1 4912 000 Elvis Knežević Tel: + 385 1 4911 114 Anita Marić Šimek Š Tel: +385 1 4911 884 e-mail: il ir@t.ht.hr i @t ht h www.t.ht.hr/eng/investors/ Invesstor Relations LLondon d St Stockk EExchange h GDR ttrading di symbol: b l THTC Zagreb