Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q4 2016 Earnings Presentation
18 slides from Magyar Telekom Telecommunications's earnings presentation, Feb 22, 2017
Slide 1: Magyar Telekom Group Q4 2016 Results Presentation
MAGYAR TELEKOM GROUP Q4 2016 RESULTS PRESENTATION FEBRUARY 22, 2016
Slide 2: 2016 Financial Results
2016 FINANCIAL RESULTS 2016 RESULTS 2016 TARGETS REVENUE HUF 602.7 bn (-8.2%) around HUF 595 bn Decline due to partial exit from the energy business and lower SI/IT revenues Revenue growth in mobile driven by mobile data and equipment sales due to 4G push Slight decline in fixed revenues with
Slide 3: 2016 Results and Public Targets for 2017
2016 RESULTS AND PUBLIC TARGETS FOR 20171 2016 RESULTS 2016 RESULTS 2017 2017 with CT without CT PREVIOUS TARGETS NEW TARGETS REVENUE HUF 602.7 bn HUF 574.0 bn HUF 560-570 bn around HUF 560 bn EBITDA HUF 197.0 bn HUF 188.1 bn HUF 181-185 bn around HUF 182 bn CAPEX2 HUF 104.8 bn HUF 97.9 bn ca. 15% y
Slide 4: Q4 2016 Group Segmental Revenue and EBITDA
Q4 2016 GROUP SEGMENTAL REVENUE AND EBITDA Group segmental revenues Group segmental EBITDA HUF bn HUF bn +0.2% -13.2% 1.3 -0.3 185 182.9 -23.6 45.0 -0.2 180 175 -0.7 44.5 170 165 44.0 -0.3 -0.2 43.8 160 0.0 158.8 43.7 0 0.0 4Q 2015 Hungary Macedonia Montenegro Elimination 4Q 2016 4Q 2015 Hungary Mac
Slide 5: Hungary
HUNGARY Revenue* EBITDA HUF bn HUF bn -14.6% +3.5% 165 162.1 -1.7 1.1 -0.9 40 0.9 -0.1 0.1 -2.1 3.8 -1.5 -9.8 39 160 38 37.6 155 -11.1 37 150 36.3 -1.2 36 0.1 145 35 140 138.5 1 0 0 4Q Mobile Mobile Mobile Fixed Fixed TV Fixed SI/IT Energy 4Q 4Q 2015 Gross profit Special tax Employee Other op. 4Q 20
Slide 6: Hungary – Mobile
HUNGARY – MOBILE Mobile SIMs Mobile ARPU ‘000 HUF -3.1% 6,000 5,504 5,372 5,344 5,301 5,332 Prepaid 4Q 2015 3,278 5,000 Postpaid Blended +1.5% 4Q 2016 3,326 43.6% 42.3% 41.8% 41.1% 40.8% 4,000 1,154 3,000 +52 Prepaid -6.0% 1,085 2,000 56.4% 57.7% 58.2% 58.9% 59.2% 4,927 1,000 Postpaid -0.9% 4,882 0
Slide 7: Hungary – Fixed Broadband and TV
HUNGARY – FIXED BROADBAND AND TV Fixed BB customer number Pay TV customer number ‘000 ‘000 +0.8% +1.9% 962 964 971 979 969 1,200 1,000 996 1,009 1,009 1,019 1,016 <10Mbps Sat 1,000 6% 6% 5% 5% 4% 10Mbps -30Mbps 800 32% 32% 31% 31% 30% Cable 800 >30Mbps IPTV 600 16% 15% 15% 14% 13% 65% 64% 62% 59% 60
Slide 8: Hungary – Fixed Voice and Energy
HUNGARY – FIXED VOICE AND ENERGY Fixed voice customer number Fixed voice ARPU ‘000 -2.6% HUF 1,461 1,448 1,441 1,437 1,423 PSTN 1,500 10% 3% IP based* 2,691 23% 16% 27% Blended 2,502 -7.0% 1,000 90% 97% 77% 84% 4Q 2015 500 73% 4Q 2016 0 4Q 2015 1Q 2016 2Q 2016 3Q 2016 4Q 2016 Energy revenues Highlig
Slide 9: Hungary – Multiplay
HUNGARY – MULTIPLAY Fixed line multiplay residential subs. development Fixed line multiplay residential ARPU development ‘000 1Play HUF 2Play 5,782 4Q 2015 1,500 1,439 1,432 1,427 1,424 1,400 Blended +1.8% 3Play 5,886 4Q 2016 35% 34% 33% 33% 32% 3,008 1,000 1Play +2.3% 3,079 30% 30% 30% 29% 29% 5,83
Slide 10: Hungary – SI/IT
HUNGARY – SI/IT Total Hungarian IT services market development* Market share** HUF bn % +5.4% Telekom 300 273 286 259 IT Infrastructure 14% HP 250 239 220 225 services NISZ 39% 39% 7% 200 40% Microsoft 40% System Integration / 41% 40% 4% IT Application services IBM 150 3% 2% 2% MVMI 100 63% 2% 2% 60
Slide 11: Macedonia
MACEDONIA Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers One (T. Slovenia)* 15.0 6.0 2,500,000 -0.3% VIP (T. Austria) -1.9% One.Vip -5.5% 2,000,000 14.5 5.5 25.5% 24.7% Telekom 0.4 -0.4 0.2 -0.4 49.8% 14.0 5.0 1,500,000 13.8 -0.2 5.0 27.8% 28.0% 13.5 4.7 1,000,000 13.5 4.5 500,
Slide 12: Montenegro
MONTENEGRO1 Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers -2.4% -10.3% 1,200,000 +1.3% 7.6 2.4 1,000,000 Telenor 0.3 -0.6 2.3 -0.5 37.7% 38.8% 36.3% m:tel (T. Serbia) 7.4 2.2 800,000 0.3 2.0 T-Mobile 7.2 7.1 600,000 2.0 28.1% 28.5% 29.0% 7.0 0.1 7.0 400,000 1.8 6.8 200,000 34.
Slide 13: Appendix
APPENDIX
Slide 14: Market Position in Hungary
MARKET POSITION IN HUNGARY Total mobile market* Fixed voice market** Vodafone Other Subscribers -1.0% Subscribers Telenor +0.8% Invitel 12,000,000 3,500,000 MT DIGI 22.9% 24.3% 25.0% 3,000,000 3.9% 3.2% 3.2% UPC 9,000,000 12.9% 12.8% 13.1% 2,500,000 11.1% 11.9% MT 10.2% 30.0% 27.9% 28.2% 2,000,000 1
Slide 15: Magyar Telekom – Consolidated Income Statement
MAGYAR TELEKOM – CONSOLIDATED INCOME STATEMENT HUF million 2015 2016 Change Mobile revenues 314,033 319,929 1.9% Fixed line revenues 212,032 207,209 -2.3% System Integration/Information Technology revenues 80,997 68,735 -15.1% Revenue from energy services 49,280 6,778 -86.2% Revenues 656,342 602,651
Slide 16: Magyar Telekom – Consolidated Balance Sheet
MAGYAR TELEKOM – CONSOLIDATED BALANCE SHEET HUF million 2015 2016 Change Current assets 210,178 193,978 -7.7% Cash and cash equivalents 17,558 10,805 -38.5% Trade and other receivables 162,762 157,645 -3.1% Other current financial assets 11,052 5,104 -53.8% Non current assets 996,846 966,968 -3.0% P
Slide 17: Magyar Telekom – Consolidated Cash Flow Statement
MAGYAR TELEKOM – CONSOLIDATED CASH FLOW STATEMENT HUF million 2015 2016 Change Net cash generated from operating activities 156,298 154,825 -0.9% Investments in tangible and intangible assets (109,847) (113,255) -3.1% Adjustments to cash purchases 12,992 3,347 -74.2% Purchase of subsidiaries and bus
Slide 18: For further questions please contact the IR department
For further questions please contact the IR department: Investor Relations Márton Lennert Phone: +36 1 458-0424 Head of Investor Relations Fax : +36 1 458-0443 Phone: +36 1 457-6084 e-mail: investor.relations@telekom.hu e-mail: lennert.marton@telekom.hu Linda László Gerda Gáti Investor Relations Con