Telecom Egypt · EGX:ETEL
Telecom Egypt — Investor Presentation (February 2026)
41 slides from Telecom Egypt's investor presentation, February 2026
Slide 1: Corporate Presentation February 2026
Corporate Presentation telecomegypt February 2026 p / A i —shh iri __—_—_—_—_—__
Slide 2: Disclaimer
Disclaimer This document has been prepared by Telecom Egypt (hereinafter referred to as the “Company” or “TE”) exclusively for informational purposes. The content of this document has not been independently verified. It contains forward-looking statements concerning the Company’s future business, fi
Slide 3: Contents
Contents 1- Company Snapshot 04 2- Telecom Egypt Overview 06 3- Network Leadership 11 4- Retail Segment 15 5- Wholesale Segment 19 6- Investment in Vodafone Egypt 23 7- 9M 2025 Highlights 25 8- Historical Performance 34 3
Slide 4: Company Snapshot
01. Company Snapshot
Slide 5: Company Snapshot
Company Snapshot Heritage Transformed Telecom Egypt’s Incorporation • Founded in1854 with the first telegraph line in Egypt • Incorporated in 1998, replacing the former Arab Republic of Egypt National Telecommunication Organization (ARENTO) • Listed in 2005 on Egypt and London Stock Exchanges • Acqu
Slide 6: Telecom Egypt Overview
02. Telecom Egypt Overview
Slide 7: A Robust Business Led by a Team of the Highest Caliber
A Robust Business Led by a Team of the Highest Caliber Tamer El Mahdi Elhossaini Adel Ramy Kato Wael Hanafy Managing Director & Vice President Vice President Vice President Chief Executive Officer Chief Regional Affairs Officer Chief Enterprise Officer Chief Financial Officer Ismail Saeed Mohamed El
Slide 8: Our Strategy - WE-DRIVE
© Our Strategy - WE-DRIVE Core Layer Core Business: Ignite Value Creation Maximize Shareholder Value Achieve Financial Excellence Converged Products and Solutions Network Expansion and Evolution Operational Efficiency & Automation Improve Value Creation & ROI Efficiency Layer DRIVE Gearing up Custom
Slide 9: Our Business Units
Our Business Units Retail Wholesale Consumer Services Domestic Wholesale Our consumer portfolio offers a range of services, including fixed voice and Our domestic wholesale portfolio provides a range of services including broadband, mobile voice and data, and other value-added services that provide
Slide 10: Shareholder Structure
Shareholder Structure Highly Diversified Solid Institutional Shareholder Base Market Cap of USD 3.1bn | ETEL EY/ ETEL.CA (as of February 5, 2026) Main Shareholders & Free-float Free-float Composition Free-float – by Region/Country Other 1% Europe GCC 3% 7% 92% Institutions South Africa 13% The State
Slide 11: Network Leadership
03. Network Leadership
Slide 12: 5G: Telecom Egypt, the First 5G Network License in the Country
5G (1/2) Telecom Egypt, the First 5G* Network License in the Country *5G services launched nationwide in June 2025 12
Slide 13: Our International Connectivity Network
Our International Connectivity Network Expanding our Reach IC&N UK Germany Belgium Positioning Telecom Egypt as the regional gateway to Europe for traffic originating France Italy from countries in Asia, the Middle-East and Africa Portugal Greece Turkey Japan Cyprus Syria Korea Tunisia Lebanon 16 Su
Slide 14: Digitizing Egypt
Digitizing Egypt Bridging the Digital Gap and Enhancing the Lives of all Egyptians Fiber Access Network Capacity (In 000 Homes) 34,353 33,875 • Automating and deploying high-speed fiber networks to 32,230 32,588 100% government services such as post offices, tax offices, tourist sites (including bus
Slide 15: Retail Segment
04. Retail Segment
Slide 16: Retail Segment: Strong Growth Momentum Driven by Data Services
Retail Segment Strong Growth Momentum Driven by Data Services Voice Data • Growing Mobile customer base • Underpenetrated Data market leading to a growing • Growing Fixed Voice customer base driven by Fixed & Mobile customer base Fixed Broadband connectivity • Improved Broadband connectivity and the
Slide 17: Fixed Services
Fixed Services Expanding Customer Base and Healthy ARPUs Market Fixed Voice and Broadband Household Penetration Market Fixed Broadband Subscribers (In 000s) TE 13,231 12,611 Fixed line 11,815 Broadband Others 10,937 10,011 10,861 10,255 51.6% 9,518 8,766 47.6% 49.8% 8,027 43.3% 44.8% 47.5% 49.4% 42.
Slide 18: Mobile Market
Mobile Market An Ever-expanding Customer Base Number of Years in the Egyptian Mobile Market Mobile market subscribers (in 000’s) 8 14,816 14,014 18 12,449 12,489 41,233 9,365 38,050 30,037 33,863 27,800 31,582 34,462 27 26,858 28,225 29,166 43,753 45,083 47,752 50,730 53,136 27 FY 2021 FY 2022 FY 20
Slide 19: Wholesale Segment
05. Wholesale Segment
Slide 20: Wholesale Segment
Wholesale Segment Domestic IC&N (International Cables & Networks) • Egypt’s telecom infrastructure provider • Largest international network footprint in • 3-10 year agreements with MNOs the region • Indirect play on Data market growth • Preferred East-West international route • Positioning Telecom E
Slide 21: Agreements With Domestic MNOs
Agreements With Domestic Mnos Securing Long-term Revenue Streams 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2030 2031 2032 Transmission Services 1.5bn 1.5bn 0.7bn 17.2bn International Services* 0.6bn 1.2bn 0.7bn FTTS 6bn Transmission 1.5bn 1.5bn 1.5bn 1.1bn
Slide 22: International Services
International Services Healthy Performance Across the Majority of our Business Lines Int’l Carriers Revenue Breakdown Int’l Cables & Networks Revenue Breakdown (In EGP mn) (In EGP mn) Cable Projects Ancillary Services (O&M) Outgoing International Calls Capacity Sales International Customer Support D
Slide 23: Investment in Vodafone Egypt
06. Investment in Vodafone Egypt
Slide 24: Our Investment in Vodafone Egypt
Our Investment in Vodafone Egypt A Rebalanced Shareholder Agreement to Extract Returns Financial and Operational KPIs* Mobile Customers Service Revenue ** CapEx ** Net Profit ** (In 000s) (In EGP mn) (In EGP mn) (In EGP mn) 38% 109% Customers 30,000 12,000 95,000 Service revenue 44% 140% 10,665 YoY
Slide 25: 9M 2025 Highlights
07. 9M 2025 Highlights
Slide 26: 9M 2025 Results Highlights
9M 2025 Results Highlights Momentum Driving Profitable Expansion Revenue (EGP bn) EBITDA (EGP bn) Net Profit Customers (mn) (EGP bn) Fixed Voice: 13.8 (7% YoY) 78.1bn 34.5bn 17.0bn Fixed Data: 10.9 (8% YoY) +34% YoY +48% YoY 96% YoY Mobile: 14.8 (9% YoY) Total revenue grew 34% YoY, EBITDA increased
Slide 27: Financial Overview 9M 2025
FINANCIAL OVERVIEW 9M 2025 Total Revenues EBITDA (EGP mn) (EGP mn) +34% +48% 4,312 1,418 927 1,547 -6,777 11,702 -510 19,907 -1,388 78,063 58,156 34,463 23,231 9M 2024 H&C Enterprise Domestic ICA IC&N 9M 2025 EBITDA 9M 2024 Sales revenue COGS SG&A Employee cost EBITDA 9M 2025 Net Debt FCFF (EGP mn)
Slide 28: Income Statement (9M 2025)
INCOME STATEMENT (9M 2025) In EGP mn 9M 2025 9M 2024 YoY Q3 2025 Q2 2025 Q3 2024 QoQ YoY • Top-line revenue witnessed a significant 34% YoY increase, driven by a 39% YoY increase in Retail revenue and a 28% YoY increase in Wholesale revenue. Revenue Revenue 78,063 58,156 34% 27,634 25,710 20,406 7%
Slide 29: Cash Flow Analysis
Cash Flow Analysis Net Cash from Operating Activities FCFF (EGP mn) (EGP mn) Operating cash flow FCFF Operating cash flow (excl.interest & tax )/ EBITDA FCFF Excluding Mobile Licenses 157% * 175% 12,111 12,333 22,668 155% 20,001 122% 116% 115% 8,451 135% 102% 115% 6,029 15,001 15,019 1,793 349 95% 4
Slide 30: Main Events Year to Date (1/4)
Main Events Year to Date (1/4) 31 Des 2025: Telecom Egypt Announces 11 Dec 2025: 2026 Guidance: Strengthened Organizational Transformation and Key Financial Outlook with a Guided and Leadership Appointments Focused Investment Strategy Telecom Egypt today announced an organizational Telecom Egypt’s B
Slide 31: Main Events Year to Date (2/4)
Main Events Year to Date (2/4) 22 Sep 2025: Telecom Egypt Expands into a 07 Sep 2025: Telecom Egypt Grants New Point of Presence at Aqaba Digital Hub in Preliminary Approval to Helios Investment’s Jordan Binding Offer for Partnership in Regional Data Telecom Egypt, the total telecom operator in Egyp
Slide 32: Main Events Year to Date (3/4)
Main Events Year to Date (3/4) 11 Jun 2025: PCCW Global, Sparkle, Telecom 25 Mar 2025: Telecom Egypt Announces Egypt and ZOI to Construct AAE-2 Subsea Leadership Changes Cable Linking Asia, Africa, and Europe Telecom Egypt announced changes to its Board of In a landmark move to advance global connec
Slide 33: Main Events Year to Date (4/4)
Main Events Year to Date (4/4) 18 Jan 2025: Telecom Egypt Awarded ‘Best Investor Relations – Telecom Company’ at the International Finance Awards 2024 Telecom Egypt was honoured with the prestigious ‘Best Investor Relations - Telecom Company’ award at the International Finance Awards 2024 ceremony,
Slide 34: Historical Performance (2021-2024)
08. Historical Performance (2021-2024)
Slide 35: Top-line Breakdown
Top-line Breakdown FY 2024 Performance ✓ Total revenue increased by 44% YoY to reach EGP 82.0bn, driven by strong performance in the Revenue Breakdown Revenue Segment Retail segment, contributing 54% to total revenue and driving 52% of the YoY revenue growth. FY 2024 ✓ Home & Consumer achieved 45% Y
Slide 36: Financial Highlights
Financial Highlights Excellent Operational Performance in a Volatile Market Revenue EBITDA (EGP mn) (EGP mn) +120.2% +129.8% +84.5% +87.2% +44.1% +44.0% 81,678 32,623 56,679 22,662 44,273 17,427 37,088 14,193 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 2022 FY 2023 FY 2024 Operating Profit Net Profit
Slide 37: Historical 4-Year Income Statement Summary
Historical 4-Year Income Statement Summary Growth YoY EGP mn FY 2021 FY 2022 FY 2023 FY 2024 FY 2022 FY 2023 FY 2024 Revenue 37,088 44,273 56,679 81,678 19.4% 28.0% 44.1% Home & Consumer 18,133 21,608 24,862 36,034 19% 15% 45% Enterprise 4,699 5,919 6,413 8,312 26% 8% 30% Domestic Wholesale 5,557 6,
Slide 38: Balance Sheet Highlights
Balance Sheet Highlights Total Debt Net Debt (EGP mn) (EGP mn) Cash Short Term Total Debt Long Term 80,726 Net Debt 10,978 8,279 2,983 6,811 48% 49,342 -16,321 -30,826 30,826 40% -49,342 16,321 66% 52% 60% -80,726 67% 33% 34% 13,338 24,015 38,364 72,447 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 202
Slide 39: CapEx Analysis
CapEx Analysis In-Service CapEx Breakdown of In-Service CapEx (EGP mn) Capex Access Network %6 25,000 200% Capex/sales 180% %9 20,000 20,262 19,813 160% Transmission 8% 140% 15,000 120% International cable 12,611 100% FY 2024 10,090 60% 17% Customer care 10,000 80% 60% 36% 5,000 27% 28% 24% 40% 20%
Slide 40: Our Performance in Context
Our Performance in Context 9M 2025 FY 2025 FY 2026 actual budget budget Revenue growth YoY 34% Low 20s High single digit EBITDA margin (%) 44% High 30s Low 40s In-service: 16% In-service: In-service: CapEx/Sales (%) Cash: 27% Low 20s Low 20s FCFF/EBITDA (%) 35% Early 40s Mid 30s 40
Slide 41: Thank You
THANK YOU we)
Telecom Egypt — Investor Presentation (February 2026) on 6ix