Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q3 2021 Earnings Presentation
13 slides from Magyar Telekom Telecommunications's earnings presentation, Nov 9, 2021
Slide 1: Magyar Telekom Group Q3 2021 Results Presentation
MAGYAR TELEKOM GROUP Q3 2021 RESULTS PRESENTATION November 9, 2021
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: Continued Monetization of Outstanding Network
CONTINUED MONETIZATION OF OUTSTANDING NETWORK Network Customers Resilience ▪ Fixed network rollout: coverage expanded to ▪ Further improvement in customer satisfaction ▪ BBB+ rating with stable outlook affirmed 2.9m gigabit capable access points by Scope Ratings ▪ Sharply rising mobile data usage tr
Slide 4: ARPU Growth in Hungary Driven by Favorable Customer Composition and Strong Data Usage
ARPU GROWTH IN HUNGARY DRIVEN BY FAVORABLE CUSTOMER COMPOSITION TRENDS AND STRONG DATA USAGE Mobile SIMs1 Mobile ARPU1 ‘000 HUF +2.9% M2M Q3 2020 5,425 5,582 Prepaid 3,634 Q3 2021 Blended +3.9% 7.8% 10.1% Postpaid 3,777 29.0% 26.3% 5,140 Postpaid +4.2% 5,356 63.1% 63.6% 1,239 Prepaid +0.7% 1,248 Q3
Slide 5: Fixed Line Performance Supported by Customer Base Expansion and Positive BB and TV ARPU
FIXED LINE PERFORMANCE SUPPORTED BY CUSTOMER BASE EXPANSION AND POSITIVE BB AND TV ARPU TRENDS IN HUNGARY Fixed line multiplay residential subscribers Fixed Voice, BB1 and TV ARPU ‘000 HUF +3.3% Q3 2020 2,109 Q3 2021 1,466 1,514 Fixed voice -6.4% 1,974 20% 18% 1Play 2Play 3,456 35% 37% Fixed BB +5.8
Slide 6: Revenue Growth in Q3 and 9M 2021
REVENUE GROWTH IN Q3 AND 9M 2021 Revenue, Q3 2021 vs Q3 2020 Revenue, 9M 2021 vs 9M 2020 HUF bn HUF bn +4.6% 2.2 506.5 2.5 1.2 4.3 +6.2% 12.2 1.5 178.1 3.2 2.0 5.1 -1.3 484.2 167.7 Q3 2020 Mobile Fixed Equipment SI/IT Other Q3 2021 9M 2020 Mobile Fixed Equipment SI/IT Other 9M 2021 service service s
Slide 7: EBITDA AL Expansion Driven by Gross Profit Growth
EBITDA AL EXPANSION DRIVEN BY GROSS PROFIT GROWTH EBITDA AL, Q3 2021 vs Q3 2020 EBITDA AL, 9M 2021 vs 9M 2020 HUF bn HUF bn 8.0% 13.7 0.3 157.7 -1.4 -0.9 9.7% 6.4 1.0 60.3 -0.3 -1.8 146.0 54.9 Q3 2020 Gross profit Employee Other op. IFRS 16 Q3 2021 9M 2020 Gross profit Employee Other op. IFRS 16 9M
Slide 8: Total Profit Impacted by Net Financial Result
TOTAL PROFIT IMPACTED BY NET FINANCIAL RESULT Net income, Q3 2021 vs Q3 2020 Net income, 9M 2021 vs 9M 2020 HUF bn HUF bn 46.2% 6.5 -3.9% 12.6 40.3 5.6 -1.1 -0.9 -1.5 -4.3 18.6 0.0 27.6 17.9 -4.3 -0.5 Q3 2020 EBITDA D&A Net financial Income tax Non-contr. Q3 2021 9M 2020 EBITDA D&A Net financial Inc
Slide 9: Network Development Continues
NETWORK DEVELOPMENT CONTINUES CAPEX AL, 9M 2021 vs 9M 2020 Gigabit capable fixed network development HUF bn # of access points (th) 4 500 4 238 4 259 4 314 4 333 4 356 83.1 154.5 4 164 4 194 4 209 4 224 4 000 -4.8% 33.7% 3 500 38.9% 36.5% 44.9% 40.7% 75.0 2.0 71.4 51.6% 50.3% 48.1% 3 000 70.3% -3.9
Slide 10: Broadly Stable Year-to-Date FCF Generation Despite Different Annual Dynamics
BROADLY STABLE YEAR-TO-DATE FCF GENERATION DESPITE DIFFERENT ANNUAL DYNAMICS 9M 2020 HUF bn 163.3 7.2 29.2 126.8 75.0 19.0 32.9 -54.2 -21.4 EBITDA Working capital Taxes, financial Operating CF CAPEX AL Cash CAPEX, lease and FCF excl. Spectrum licenses FCF charges and others excl. spectrum other adju
Slide 11: Strong Revenue and EBITDA AL Performance in 9M 2021; Ahead of Original Targets
STRONG REVENUE AND EBITDA AL PERFORMANCE IN 9M 2021; AHEAD OF ORIGINAL TARGETS 9M 2021 results 2021 public 9M 2020 results (YoY change) guidance (vs 2020) HUF 506.5 bn REVENUE HUF 484.2 bn +4.6% Grow by around 3% HUF 157.7 bn EBITDA AL HUF 146.0 bn +8.0% Grow by at least 3% HUF 71.4 bn CAPEX AL1 HUF
Slide 12: Q&A
Q&A ? For further questions please contact the IR department: Diana 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 13: North Macedonia: Q3 2021 Highlights
NORTH MACEDONIA: Q3 2021 HIGHLIGHTS Revenues, Q3 2021 vs Q3 2020 EBITDA AL, Q3 2021 vs Q3 2020 HUF mn HUF mn +8.7% 260 17,267 224 903 +15.2% 196 7,689 835 -17 15,880 6,675 Q3 2020 Mobile Fixed SI/IT Q3 2021 Q3 2020 Gross profit Operating expenses IFRS 16 impact Q3 2021 13