Deutsche Telekom AG · XETR:DTE
Deutsche Telekom — Q1 2009 Earnings Presentation
97 slides from Deutsche Telekom's earnings presentation, May 7, 2009
Slide 1: Backup Q1 2009. Deutsche Telekom.
Backup Q1 2009. Deutsche Telekom. Check out our IR website www.telekom.com/investor-relations for This backup in .pdf and excel-format The IR calender Detailed information for debt investor Shareholder structure Corporate governance For further information on the business units please refer to: www.
Slide 2: Content
Content. At a glance 4 Excellent market position 6 Group Mobile Communications Broadband/Fixed Network Adjusted income statement 8 Key figures adjusted for special factors 26 Key figures adjusted for special factors 62 EBITDA reconciliation 9 EBITDA reconciliation 27 EBITDA reconciliation 63 Unadjus
Slide 3: Notes
Notes. Life is for sharing. Page 3
Slide 4: At a Glance I
At a Glance I. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue Broadband/Fixed Network 5.677 5.561 5.610 5.653 22.501 5.882 3,6% Mobile Communications 8.445 8.678 9.028 9.435 35.586 9.206 9,0% Mobile Europa 4.992 5.187 5.381 5.103 20.663 5.077 1,7% Mobile USA 3.461 3.498 3.6
Slide 5: At a Glance II
At a Glance II. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. EBITDA margin excluding special factors Broadband/Fixed Network 33,3% 34,0% 33,0% 30,9% 32,8% 34,2% 0,9%p Mobile Communications 31,5% 32,8% 34,0% 29,9% 32,0% 28,4% -3,1%p Mobile Europa 34,0% 35,0% 37,7% 31,7% 34,7% 30,5% -3,5
Slide 6: Excellent market position
Excellent market position. Delta q.o.q. Delta y.o.y. millions 1 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 abs. % abs. % 1 Figures rounded to the nearest million. The total is calculated on the basis of precise numbers. Broadband lines (total) 2,3 13,0 13,1 13,2 13,3 13,5 0,2 1,3% 0,6 4,3% Percent
Slide 7: Content
Content. At a glance 4 Excellent market position 6 Group Mobile Communications Broadband/Fixed Network Adjusted income statement 8 Key figures adjusted for special factors 26 Key figures adjusted for special factors 62 EBITDA reconciliation 9 EBITDA reconciliation 27 EBITDA reconciliation 63 Unadjus
Slide 8: DT consolidated income statement. Adjusted for special factors
DT consolidated income statement. Adjusted for special factors. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Net revenue 14.978 15.125 15.454 16.109 61.666 15.902 6,2% Cost of sales -8.280 -8.131 -8.117 -9.127 -33.655 -8.998 -8,7% Gross profit 6.698 6.994 7.337 6.982 28.011 6.904 3,1%
Slide 9: DT Group. EBITDA reconciliation
DT Group. EBITDA reconciliation. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 Net revenue 14.978 15.125 15.454 16.109 61.666 15.902 Net profit (loss) 924 394 895 -730 1.483 -1.124 + Profit (loss) attributable to minority interests 135 154 186 66 541 200 = Profit (loss) after income taxes 1.059
Slide 10: DT consolidated income statement. Unadjusted
DT consolidated income statement. Unadjusted. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Net revenue 14.978 15.125 15.454 16.109 61.666 15.902 6,2% Cost of sales -8.322 -8.342 -8.248 -9.680 -34.592 -8.906 -7,0% Gross profit 6.656 6.783 7.206 6.429 27.074 6.996 5,1% Selling expenses -
Slide 11: Special factors in the consolidated income statement
DT Group. Special factors in the consolidated income statement millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 Net revenue 0 0 0 0 0 0 Cost of sales -42 -211 -131 -553 -937 92 Gross profit -42 -211 -131 -553 -937 92 Selling expenses -89 -20 -13 -363 -485 28 General and administrative expenses -19
Slide 12: Details on special factors I
DT Group. Details on special factors I. millions of € Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Effect on operating expenses -220 -289 -368 -1.413 -1.696 of which: expenses / income for early retirement (civil servants) 0 -55 0 -161 -4 of which: expenses for severance payments -33 -142 -97 -552 161 of which: ex
Slide 13: Details on special factors II
DT Group. Details on special factors II. millions of € Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Effect on profit (loss) from financial activities -43 -21 -34 -554 1 -25 Effect on profit (loss) before income taxes 226 -315 -394 -1.949 -1.698 Effect on taxes -51 73 98 341 31 Tax effect of special factors within
Slide 14: Change in the composition of the Group in the first quarter
DT Group. Change in the composition of the Group in the first quarter. reported MINUS PLUS Total % Pro numbers 1 6 effect Forma Acquisition effects Deconsolidation effects Pro Q4/08 Q1 2008 Q1 2009 Mobil Mobil BB/FN BB/F Bus. forma reported millions of € Total e e USA3 4 GHS 5 Total N7 Cust.8 GHS 9
Slide 15: Consolidated balance sheet. Assets
Consolidated balance sheet. Assets1. billions of € 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 % y.o.y. Current assets 15,9 15,5 16,2 15,4 18,7 17,5% Cash and cash equivalents 2,3 2,0 3,1 3,0 4,1 81,1% Trade and other receivables 7,1 7,3 7,4 7,4 8,1 14,2% Current recoverable income taxes 0,2 0,2 0,
Slide 16: Consolidated balance sheet. Shareholders' equity and liabilities
Consolidated balance sheet. Shareholders' equity and liabilities 1. billions of € 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 % y.o.y. Liabilities 73,8 78,0 78,6 80,0 88,6 20,0% Current liabilities 21,5 24,1 22,1 24,2 25,3 17,3% Financial liabilities 8,4 10,5 8,8 9,6 9,8 17,5% Trade and other payab
Slide 17: Maturity profile
Maturity profile. Bonds, Medium Term Notes (MTN) and Schuldscheindarlehen maturities as of March 31, 2009 ( € billion) Maturity profile For detailed information on Bonds, Medium Term Notes and the Mandatory € billion 2.1 OTE Convertible Bond such as: DT •Principal amount 1.2 •Currency 0.6 0.6 •Matur
Slide 18: Liquidity reserves as of March 31, 2009
Liquidity reserves as of March 31, 2009 € billion 80 70 Liquidity reserves ( € billion) 22.3 60 22.3 Unused bilateral credit lines 17.2 50 Assets 5.1 40 65.1 30 42.8 20 Total line availability 10 Liquidity reserves 0 DT Group net debt Life is for sharing. Page 18
Slide 19: Debt to net debt reconciliation
Debt to net debt reconciliation millions of € 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 % q.o.q. Bonds 31.712 32.249 35.691 34.302 39.659 25,1% Other financial liabilities 8.541 12.000 8.733 9.145 9.478 11,0% Gross debt 40.253 44.249 44.424 43.447 49.137 22,1% Cash and cash equivalents 2.271 1.95
Slide 20: Cash capex
1 Cash capex . millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Broadband/Fixed Network 2 627 584 701 1.238 3.150 899 43,4% Mobile Communications 951 979 1.051 1.456 4.437 1.508 58,6% Mobile Europa 471 318 395 713 1.897 642 36,3% Mobile USA 480 661 656 743 2.540 865 80,2% Business Customer
Slide 21: Free cash flow
Free cash flow. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Net profit (loss) 924 394 895 -730 1.483 -1.124 n.a. Profit (loss) attributable to minority interests 135 154 186 66 541 200 48,1% Profit (loss) after income taxes 1.059 548 1.081 -664 2.024 -924 n.a. Depreciation, amortizati
Slide 22: Personnel
Personnel 1. End of period 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 Delta q.o.q. Delta y.o.y. abs. % abs. % BBFN 103.288 100.489 99.390 95.613 120.998 25.385 26,5% 17.710 17,1% Mobile Communications 65.016 65.270 66.037 67.588 76.362 8.774 13,0% 11.346 17,5% Mobile Europa 29.332 29.145 29.295 29
Slide 23: Exchange rates
Exchange rates. Average. € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 1 U.S dollar (USD) 0,66738 0,63995 0,66437 0,75903 0,67976 0,76691 1 British pound (GBP) 1,32058 1,26065 1,25765 1,19347 1,25601 1,09974 100 Czechs korunas (CZK) 3,91072 4,02570 4,15002 3,94790 4,00894 3,61991 100 Croatian kunas (HRK) 13
Slide 24: Notes
Notes. Life is for sharing. Page 24
Slide 25: Content
Content. At a glance 4 Excellent market position 6 Group Mobile Communications Broadband/Fixed Network Adjusted income statement 8 Key figures adjusted for special factors 26 Key figures adjusted for special factors 62 EBITDA reconciliation 9 EBITDA reconciliation 27 EBITDA reconciliation 63 Unadjus
Slide 26: Mobile Communications Adjusted for special influences
Mobile Communications Adjusted for special influences € million Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 8.445 8.678 9.028 9.435 35.586 9.206 9,0% Net revenue 8.292 8.511 8.850 9.267 34.920 9.027 8,9% ARPU revenue 7.569 7.805 8.086 8.277 31.737 8.162 7,8% Adj. EBITDA 1 2.663 2.844
Slide 27: Mobile Communications EBITDA Reconciliation
Mobile Communications EBITDA Reconciliation € million Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 8.445 8.678 9.028 9.435 35.586 9.206 9,0% Profit (loss) from operations = EBIT 1 1.260 1.446 1.690 1.091 5.487 -635 n.a. - Depreciation and amortization 1 -1.400 -1.371 -1.340 -1.648 -5.7
Slide 28: Mobile Communications Unadjusted
Mobile Communications Unadjusted € million Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 8.445 8.678 9.028 9.435 35.586 9.206 9,0% Net revenue 8.292 8.511 8.850 9.267 34.920 9.027 8,9% ARPU revenue 7.569 7.805 8.086 8.277 31.737 8.162 7,8% EBITDA 2.660 2.817 3.030 2.739 11.246 2.607 -2,
Slide 29: Mobile Communications Special influences
Mobile Communications Special influences € million Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 Effects on EBITDA -3 -27 -39 -85 -154 -6 - of which restructuring 1 -3 -27 -37 -76 -143 -6 - of which other 0 0 -2 -9 -11 0 Effects on Operating Results = EBIT -3 -27 -39 -334 -403 -1.809 - of which effects on EBI
Slide 30: Mobile Communications Customer Summary - proforma
Mobile Communications Customer Summary - proforma - '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Germany 1 37.111 38.399 38.800 39.101 39.101 38.984 5,0% United Kingdom 2 17.124 16.794 16.802 16.786 16.786 16.675 -2,6% Poland 12.986 12.830 13.013 13.273 13.273 13.287 2,3% Austria 3.287 3.298 3.
Slide 31: Mobile Communications Customer Summary
Mobile Communications Customer Summary '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Germany 1 37.111 38.399 38.800 39.101 39.101 38.984 5,0% United Kingdom 2 17.124 16.794 16.802 16.786 16.786 16.675 -2,6% Poland 12.986 12.830 13.013 13.273 13.273 13.287 2,3% Austria 3.287 3.298 3.333 3.402 3.4
Slide 32: Mobile Communications T-Mobile Germany (TMD)
Mobile Communications T-Mobile Germany (TMD) '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. 1 Customers (end of period) 1 37.111 38.399 38.800 39.101 39.101 38.984 5,0% On the basis of different rulings on the expiry of prepaid credit and - Contract 2 16.264 16.468 16.739 17.009 17.009 16.953 4,2
Slide 33: T-Mobile: Relax Plans. Germany
T-Mobile: Relax Plans. Germany. Relax plans in € Relax 60 Relax 120 Relax 240 Relax 1200 Monthly charge (without handset) 9.95 19.95 29.95 59.95 Monthly charge (with handset) 19.95 29.95 39.95 69.95 includes national voice minutes 60 120 240 1200 (on-net, fixed net, other mobile networks) Voicemail
Slide 34: T-Mobile: Combi Flat Plans. Germany
T-Mobile: Combi Flat Plans. Germany. Combi flat plans in € Combi Flat XS Combi Flat S Combi Flat M Combi Flat L Monthly charge (with handset) 24.95 44.95 59.95 119.95 Rates per minute national: optional -mobile to national fixed net 0.29 free 0.29 free free -on-net / Voicebox 0.29 0.29 free free fre
Slide 35: T-Mobile: Max Flat Plans. Germany
T-Mobile: Max Flat Plans. Germany. Max flat plans in € Max Flat XS Max Flat S Max Flat M Max Flat L Monthly charge (without handset) 4.95 14.95 29.95 79.95 7.95 Montly charge (with handset) 24.95 39.95 89.95 7.00 use minimum Rates per minute national: optional -mobile to national fixed net 0.29 free
Slide 36: T-Mobile: Mobile Data Plans (laptop). Germany
T-Mobile: Mobile Data Plans (laptop). Germany. Web'n'walk plans in € web'n'walk Connect M web'n'walk Connect L web'n'walk Plus 3 Monthly charge (with hardware) 24.95 1 39.95 2 5.00 9.00 3 Add costs for the preinstalled data option incl. incl. 10,00 34,95 Additional data volume (per MB) 0,49 - 1,90 -
Slide 37: T-Mobile: Mobile Data Plans (mobile phone). Germany
T-Mobile: Mobile Data Plans (mobile phone). Germany. Web'n'walk plans1 in € web'n'walk Starter2 web'n'walk Time 300 web'n'walk Handy Flat Relax Relax Relax In combination with: (excl. Relax XL), Basix, (excl. Relax XL), Basix, (excl. Relax XL), Basix, Max, CombiCard Relax Max, CombiCard Relax Max, C
Slide 38: Mobile Communications T-Mobile USA
Mobile Communications T-Mobile USA '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 1 30.798 31.466 32.136 32.758 32.758 33.173 7,7% 1 Including SunCom - Contract 25.721 26.246 26.539 26.806 26.806 26.966 4,8% subscribers as of February - Prepay 5.077 5.220 5.597 5.952 5.9
Slide 39: Mobile Communications T-Mobile USA
Mobile Communications T-Mobile USA USD Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. 1 Including SunCom subscribers as Total revenue (million) 5.185 5.467 5.504 5.719 21.876 5.395 4,1% of February 22, 2008. ARPU revenue (million) 4.455 4.735 4.787 4.780 18.758 4.655 4,5% 2 Excluding EUR 4 million Adj
Slide 40: Individual myFaves Plans. T-Mobile USA
Individual myFaves Plans. sm T-Mobile USA. Whenever Weekend/Night Monthly charge Minutes 1 Minutes 2,3 myFaves Minutes4 myFaves 300 $ 39.99 300 Unlimited Unlimited myFaves 600 $ 49.99 600 Unlimited Unlimited myFaves 1000 $ 59.99 1000 Unlimited Unlimited myFaves 1500 $ 69.99 1500 Unlimited Unlimited
Slide 41: Individual Voice Plans. T-Mobile USA
Individual Voice Plans. T-Mobile USA. Get great value with the most minutes. Monthly Weekend/Night charge Whenever Minutes 1 Minutes 2,3 Unlimited Individual 300 $ 29.99 300 weekends Individual 600 $ 39.99 600 Unlimited Individual 1000 $ 39.99 1000 None Individual 1000 Plus $ 49.99 1000 Unlimited In
Slide 42: Mobile Communications T-Mobile UK
Mobile Communications T-Mobile UK '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 1 17.124 16.794 16.802 16.786 16.786 16.675 -2,6% 1 - Contract 3.861 3.917 4.013 4.056 4.056 4.109 6,4% Including Virgin Mobile. - Prepay 1 13.263 12.877 12.789 12.730 12.730 12.566 -5,3% 2
Slide 43: Mobile Communications T-Mobile UK
Mobile Communications T-Mobile UK '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. 1 Customers (end of period) 1 17.124 16.794 16.802 16.786 16.786 16.675 -2,6% Including Virgin Mobile. - Contract 3.861 3.917 4.013 4.056 4.056 4.109 6,4% - Prepay 1 13.263 12.877 12.789 12.730 12.730 12.566 -5,3% 2
Slide 44: Flext. The ultimate flexible value package
Flext. The ultimate flexible value package. 18 month term Free Mobile contract Monthly charge Monthly Allowance Pure Minutes Pure Texts Internet Flext 40 £ 40 £ 225 1000 or 250 minutes 200 or 1500 texts included Flext 50 £ 50 £ 325 1500 or 250 minutes 200 or 2500 texts included Flext 60 £ 60 £ 425 2
Slide 45: Combi. Our best fixed package
Combi. Our best fixed package. Monthly charge Monthly charge 18 months including mobile excluding mobile term contract Internet Internet Minutes Texts Combi 15 £ 20 £ 15 100 minutes 200 texts Combi 20 £ 25 £ 20 200 minutes 400 texts Combi 25 £ 30 £ 25 300 minutes 600 texts Combi 30 £ 35 £ 30 700 min
Slide 46: MyFaves Plans. UK
MyFaves Plans. UK. 18 months term contract Monthly charge MyFaves Pure Minutes Pure Texts MyFaves 25 £ 25 unlimited 25 minutes 50 texts MyFaves 35 £ 35 unlimited 100 minutes 200 texts MyFaves 45 £ 45 unlimited 200 minutes 400 texts Calling costs once your inclusive minutes have been used up Any UK n
Slide 47: Mobile Communications PTC (Poland)
Mobile Communications PTC (Poland) '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 12.986 12.830 13.013 13.273 13.273 13.287 2,3% - Contract 1 5.599 5.807 6.044 6.327 6.327 6.363 13,6% - Prepay 1 7.388 7.023 6.969 6.946 6.946 6.924 -6,3% Net adds 2 -12 -156 182 260 275 14
Slide 48: Mobile Communications PTC (Poland)
Mobile Communications PTC (Poland) '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 12.986 12.830 13.013 13.273 13.273 13.287 2,3% - Contract 1 5.599 5.807 6.044 6.327 6.327 6.363 13,6% - Prepay 1 7.388 7.023 6.969 6.946 6.946 6.924 -6,3% Net adds 2 -12 -156 182 260 275 14
Slide 49: Mobile Communications T-Mobile Austria
Mobile Communications T-Mobile Austria '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 3.287 3.298 3.333 3.402 3.402 3.418 4,0% - Contract 2.173 2.191 2.223 2.270 2.270 2.305 6,1% - Prepay 1.114 1.107 1.111 1.132 1.132 1.113 -0,1% Net adds 14 11 36 69 129 16 14,3% - Contr
Slide 50: Mobile Communications T-Mobile Czech Republic
Mobile Communications T-Mobile Czech Republic '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 5.273 5.313 5.392 5.422 5.422 5.411 2,6% - Contract 2.293 2.372 2.467 2.499 2.499 2.544 10,9% - Prepay 2.980 2.941 2.925 2.922 2.922 2.867 -3,8% Net adds2 2 40 79 30 151 -11 n.a.
Slide 51: Mobile Communications T-Mobile Netherlands
Mobile Communications T-Mobile Netherlands '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Online (formerly Orange Customers (end of period) 1 5.166 5.278 5.327 5.309 5.309 5.235 1,3% Nederland Breedband - Contract 2.123 2.153 2.229 2.259 2.259 2.313 8,9% B.V.) consolidated in - Prepay 3.043 3.125
Slide 52: Mobile Communications T-Mobile Hungary
Mobile Communications T-Mobile Hungary '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 4.928 5.082 5.156 5.362 5.362 5.347 8,5% - Contract 1.843 1.898 1.975 2.066 2.066 2.109 14,4% - Prepay 3.086 3.184 3.181 3.295 3.295 3.239 5,0% Net adds 1 75 153 74 206 508 -14 n.a. - C
Slide 53: Mobile Communications T-Mobile HR (Croatia)
Mobile Communications T-Mobile HR (Croatia) '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 2.453 2.543 2.620 2.690 2.690 2.781 13,4% - Contract 720 750 774 811 811 843 17,1% - Prepay 1.733 1.793 1.846 1.879 1.879 1.937 11,8% Net adds 68 90 76 70 305 91 33,8% - Contract 3
Slide 54: Mobile Communications T-Mobile Slovensko (Slovakia)
Mobile Communications T-Mobile Slovensko (Slovakia) '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 2.335 2.330 2.317 2.347 2.347 2.331 -0,2% - Contract 1.211 1.251 1.287 1.359 1.359 1.370 13,1% - Prepay 1.124 1.079 1.030 988 988 961 -14,5% Net adds -32 -5 -13 30 -20 -16
Slide 55: Mobile Communications T-Mobile Macedonia
Mobile Communications T-Mobile Macedonia '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 1.224 1.251 1.301 1.379 1.379 1.352 10,5% - Contract 301 322 332 361 361 379 25,9% - Prepay 924 929 969 1.018 1.018 973 5,3% Net adds2 12 27 50 78 167 -27 n.a. - Contract 20 21 10 29
Slide 56: Mobile Communications Cosmote Greece
Mobile Communications Cosmote Greece 1 '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 6.528 6.921 7.411 7.893 7.893 8.412 28,9% - Contract 2.064 2.103 2.153 2.214 2.214 2.241 8,6% - Prepay 4.464 4.818 5.258 5.679 5.679 6.171 38,2% Net adds --- --- --- --- --- 386 --- - C
Slide 57: Mobile Communications Cosmote Bulgaria
Mobile Communications Cosmote Bulgaria 1 '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 3.878 3.945 4.019 4.097 4.097 4.012 3,5% - Contract 1.780 1.893 1.998 2.103 2.103 2.061 15,8% - Prepay 2.098 2.052 2.021 1.994 1.994 1.951 -7,0% Net adds --- --- --- --- --- -1 --- -
Slide 58: Mobile Communications Cosmote Romania
Mobile Communications Cosmote Romania 1 '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 4.238 4.643 5.246 5.894 5.894 6.106 44,1% - Contract 752 802 935 1.112 1.112 1.220 62,2% - Prepay 3.486 3.841 4.311 4.782 4.782 4.886 40,2% Net adds --- --- --- --- --- 117 --- - Contr
Slide 59: Mobile Communications Cosmote Albania
Mobile Communications Cosmote Albania 1 '000 Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Customers (end of period) 1.223 1.280 1.316 1.396 1.396 1.405 14,9% - Contract 89 92 88 96 96 94 5,6% - Prepay 1.134 1.189 1.228 1.300 1.300 1.311 15,6% Net adds --- --- --- --- --- 4 --- - Contract --- --- ---
Slide 60: Notes
Notes. Life is for sharing. Page 60
Slide 61: Content
Content. At a glance 4 Excellent market position 6 Group Mobile Communications Broadband/Fixed Network Adjusted income statement 8 Key figures adjusted for special factors 26 Key figures adjusted for special factors 62 EBITDA reconciliation 9 EBITDA reconciliation 27 EBITDA reconciliation 63 Unadjus
Slide 62: Broadband/Fixed Network. Adjusted for special factors
Broadband/Fixed Network. 1,2 Adjusted for special factors. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y Total revenue 5.677 5.561 5.610 5.653 22.501 5.882 3,6% Domestic 1 5.126 4.998 5.005 5.097 20.226 4.836 -5,7% International 2 564 575 620 570 2.329 1.063 88,5% Net revenue 5.032 4.992
Slide 63: Broadband/Fixed Network. EBITDA reconciliation
Broadband/Fixed Network. 1,2 EBITDA reconciliation. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y Total revenue 5.677 5.561 5.610 5.653 22.501 5.882 3,6% Profit (loss) from operations = EBIT 889 819 918 133 2.759 1.170 31,6% Depreciation, amortization and - impairment losses -907 -890 -8
Slide 64: Broadband/Fixed Network. Unadjusted
Broadband/Fixed Network. 1,2 Unadjusted. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y Total revenue 5.677 5.561 5.610 5.653 22.501 5.882 3,6% Domestic1 5.126 4.998 5.005 5.097 20.226 4.836 -5,7% International2 564 575 620 570 2.329 1.063 88,5% Net revenue 5.032 4.992 4.887 4.938 19.779
Slide 65: Broadband/Fixed Network. Special factors
Broadband/Fixed Network. 1,2 Special factors. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 Effects on EBITDA -96 -183 -69 -642 -990 165 Domestic -101 -171 -63 -623 -958 -22 of which personnel related -8 -161 -60 -541 -770 -24 International 5 -12 -6 -19 -32 187 of which personnel related 0 -7 -5
Slide 66: Key operational performance - Fixed-network access (incl. OTE)
Broadband/Fixed Network. Key operational performance - Fixed-network access(incl. OTE). Thousands 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 y.o.y.% q.o.q.% Fixed-network access lines (total)1/2 43.558 42.766 41.993 41.147 40.335 -7,4% -2,0% Domestic3 30.192 29.544 28.978 28.301 27.699 -8,3% -2,1%
Slide 67: Key operational performance - Broadband (incl. OTE)
Broadband/Fixed Network. Key operational performance - Broadband(incl. OTE). Thousands 31/03/08 31/06/08 31/09/08 31/12/08 31/03/09 y.o.y.% q.o.q.% Broadband access lines in operation (total)1/2 15.735 16.000 16.287 16.656 16.994 8,0% 2,0% of which Retail 11.920 12.434 12.952 13.579 14.160 18,8% 4,3
Slide 68: Key operational performance - Wholesale Services (incl. OTE)
Broadband/Fixed Network. Key operational performance - Wholesales Services (incl. OTE). Wholesale Services (Thousands) 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 y.o.y.% q.o.q.% 1 Resale DSL/ IP-BSA 3.804 3.549 3.263 2.848 2.491 -34,5% -12,5% of which Domestic 2 3.401 3.169 2.905 2.537 2.209 -35,0
Slide 69: Broadband/Fixed Network International. Key financial figures
Broadband/Fixed Network International. Key financial figures. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 %y.o.y International (SEE total)1 Total revenue 564 575 620 570 2.329 1.063 88,4% Total adj. EBITDA 239 248 268 215 970 400 67,4% Total adj. EBITDA margin 42,4% 43,1% 43,2% 37,7% 41,6% 37,
Slide 70: Broadband/Fixed Network International. CEE - Key financial figures
Broadband/Fixed Network International. CEE - Key financial figures. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 %y.o.y Eastern Europe (CEE) Revenue 564 575 620 570 2.329 520 -7,8% Adj. EBITDA 239 248 268 215 970 219 -8,4% Adj. EBITDA margin 42,4% 43,1% 43,2% 37,7% 41,6% 42,1% -0,3%p EBIT 121 1
Slide 71: Broadband/Fixed Network International. OTE - Key financial figures
Broadband/Fixed Network International. OTE - Key financial figures. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 %y.o.y OTE Fixed Network 1 Revenue 544 Adj. EBITDA 181 Adj. EBITDA margin 33,3% EBIT 238 Book Capex 76 OTE GR 2 Revenue 399 Adj. EBITDA 122 Adj. EBITDA margin 30,6% EBIT 232 OTE RO 2
Slide 72: BBFN: International Key financial figures in local currency
BBFN: International Key financial figures in local currency. millions Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 %y.o.y. Magyar Telekom (MT) 1 (HUF) Revenue 72.739 71.316 74.683 71.786 290.524 70.062 -3,7% Adj. EBITDA 31.596 29.972 33.768 26.615 121.951 30.452 -3,6% Adj. EBITDA margin 43,4% 42,0% 45,2% 37,
Slide 73: BBFN: Domestic. Revenue split
BBFN: Domestic. 1 Revenue split. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 Δ y.o.y %y.o.y Δ q.o.q % q.o.q Domestic (total) 5.126 4.998 5.005 5.097 20.226 4.836 -290 -5,7% -261 -5,1% of which network communications 1.802 1.709 1.645 1.581 6.737 1.512 -290 -16,1% -69 -4,4% thereof narrowband a
Slide 74: T-Home domestic. Complete Packages
T-Home domestic. Complete Packages 1,2,3 Call Plus4 Call Start4 Call Basic Call Basic Call Comfort4 Standard Standard voice Standard Universal Standard voice usage usage per minute up to 120 minutes up to 240 minutes flat rate within per minute within Germany within Germany Germany from € 18,95 from
Slide 75: T-Home domestic. Complete Packages
T-Home domestic. Complete Packages1,2,3 Call & Surf Start6 Call & Surf Basic6 (4.1)Call & Surf Basic6 (4.2) Call & Surf Comfort6 all & Surf Comfort Plus6 bandwidth DSL bandwidth DSL bandwidth DSL bandwidth DSL Bandwidth DSL 2 Mbit/s, voice and 2 Mbit/s, flat rate 2 Mbit/s, flat rate 6 Mbit/s, flat r
Slide 76: T-Home domestic. Complete Packages
T-Home domestic. Complete Packages1,2,3 Entertain Comfort 6 Entertain Comfort Plus 6 Entertain Premium6 bandwidth DSL bandwidth DSL bandwidth DSL 16 Mbit/s plus, flat rate internet 16 Mbit/s plus, flat rate internet 16 Mbit/s plus, flat rate Internet usage and flat rate voice usage, usage and flat r
Slide 77: Overview dom. interconnection tariffs (excl. VAT)
Broadband/Fixed Network. Overview dom. interconnection tariffs (excl. VAT). Peak Peak Off-Peak Off-Peak Cent/min. (9:00-18:00), old (9:00-18:00), new1 (18:00-9:00), old (18:00-9:00), new1 Termination/Origination fees Local 0.52 0.54 0.36 0.38 Single transit 0.88 0.89 0.59 0.60 Double transit nationa
Slide 78: Broadband/Fixed Network. Personnel development
Broadband/Fixed Network. Personnel development. Year end/quarter end Q1/08 Q2/08 Q3/08 Q4/08 FY/ 08 Q1/09 Δ y.o.y. y.o.y.% Number of employees (total) 103.288 100.489 99.390 95.613 95.613 120.998 17.710 17,1% Domestic 1/2 87.542 85.114 84.097 80.493 80.493 80.998 -6.544 -7,5% International 15.746 15
Slide 79: Broadband/Fixed Network. IPTV packages
Broadband/Fixed Network. IPTV packages. T-Home Entertain T-Home Entertain T-Home Entertain T-Home Entertain T-Home Premium Comfort Plus T-Home Premium Comfort Comfort VDSL Comfort Plus VDSL VDSL Entertainment Included Access to Video on demand ● ● ● ● ● ● Basic TV channels ● ● ● ● ● ● TV archive of
Slide 80: Notes
Notes. Life is for sharing. Page 80
Slide 81: Content
Content. At a glance 4 Excellent market position 6 Group Mobile Communications Broadband/Fixed Network Adjusted income statement 8 Key figures adjusted for special factors 26 Key figures adjusted for special factors 62 EBITDA reconciliation 9 EBITDA reconciliation 27 EBITDA reconciliation 63 Unadjus
Slide 82: Systems Solutions Adjusted for special factors
Systems Solutions Adjusted for special factors. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 2.200 2.251 2.293 2.599 9.343 2.106 -4,3% of which: international 596 649 674 790 2.709 634 6,4% Net revenue 1.504 1.538 1.553 1.773 6.368 1.496 -0,5% EBITDA 204 188 203 231 826 2
Slide 83: Systems Solutions EBITDA reconciliation
Systems Solutions EBITDA reconciliation. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 2.200 2.251 2.293 2.599 9.343 2.106 -4,3% Profit (loss) from operations = EBIT (unadj.) 483 -65 -11 -326 81 11 -97,7% - Depreciation, amortization and impairment -188 -195 -191 -207 -781
Slide 84: Systems Solutions Unadjusted
Systems Solutions Unadjusted. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 2.200 2.251 2.293 2.599 9.343 2.106 -4,3% Net revenue 1.504 1.538 1.553 1.773 6.368 1.496 -0,5% EBITDA 671 130 180 -119 862 188 -72,0% EBITDA margin 30,5% 5,8% 7,8% -4,6% 9,2% 8,9% -- Depreciation,
Slide 85: Systems Solutions Special factors
Systems Solutions Special factors. millions of € Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Effect on EBITDA 467 -58 -23 -350 36 -23 -104,9% of which restructuring provisions (EBITDA) 467 -58 -23 -350 36 -23 -104,9% of which restructuring provisions (EBIT) 467 -58 -23 -374 12 -23 -104,9% of which
Slide 86: Systems Solutions Computing & Desktop Services
Systems Solutions Computing & Desktop Services. Financial (millions of €) Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 898 886 961 1.132 3.877 900 0,2% Adj. EBITDA 163 125 119 130 537 161 -1,2% Adj. EBITDA margin 18,2% 14,1% 12,4% 11,5% 13,9% 17,9% -- Capex 1 101 144 246 171 663 119 17
Slide 87: Systems Solutions Systems Integration
Systems Solutions Systems Integration. Financial (millions of €) Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 423 447 415 456 1.741 400 -5,4% Adj. EBITDA 12 18 22 39 91 30 150,0% Adj. EBITDA margin 2,8% 4,0% 5,3% 8,6% 5,2% 7,5% -- Capex 1 6 6 10 7 29 9 50,0% Cash contribution 2 6 12 12
Slide 88: Systems Solutions Telecommunications
Systems Solutions Telecommunications. Financial (millions of €) Q1/08 Q2/08 Q3/08 Q4/08 FY/08 Q1/09 % y.o.y. Total revenue 879 918 917 1.011 3.725 806 -8,3% Adj. EBITDA 29 45 62 62 198 20 -31,0% Adj. EBITDA margin 3,3% 4,9% 6,8% 6,1% 5,3% 2,5% -- Capex 1 26 35 31 41 132 28 7,7% Cash contribution 2 3
Slide 89: Notes
Notes. Life is for sharing. Page 89
Slide 90: Content
Content. At a glance 4 Excellent market position 6 Group Mobile Communications Broadband/Fixed Network Adjusted income statement 8 Key figures adjusted for special factors 26 Key figures adjusted for special factors 62 EBITDA reconciliation 9 EBITDA reconciliation 27 EBITDA reconciliation 63 Unadjus
Slide 91: Group Headquarters & Shared Services. Adjusted for special factors
Group Headquarters & Shared Services. Adjusted for special factors. millions of € Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 % y.o.y. Total revenue 884 915 928 846 878 -0,7% Net revenue 150 154 164 131 144 -4,0% EBITDA -25 -40 156 -122 20 n.a. of which Vivento -82 -82 -88 -76 -85 -3,7% EBITDA margin (in %) -2,8
Slide 92: Group Headquarters & Shared Services. EBITDA reconciliation
Group Headquarters & Shared Services. EBITDA reconciliation. millions of € Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 % y.o.y. Total revenue 884 915 928 846 878 -0,7% Profit (loss) from operations = EBIT -277 -305 -260 -356 -269 2,9% Depreciation, amortization and - impairment losses -177 -250 -188 -216 -283 -59
Slide 93: Group Headquarters & Shared Services. Unadjusted
Group Headquarters & Shared Services. Unadjusted. millions of € Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 % y.o.y. Total revenue 884 915 928 846 878 -0,7% Net revenue 150 154 164 131 144 -4,0% EBITDA -100 -55 -72 -140 14 n.a. of which: Vivento -141 -91 -93 -103 -84 40,4% EBITDA margin (in %) -11,3 -6,0 -7,8 -16
Slide 94: Group Headquarters & Shared Services. Special factors
Group Headquarters & Shared Services. Special factors. millions of € Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Effect on EBITDA -75 -15 -228 -18 -6 Provisions for staff reduction, severance payments and others -75 -25 -228 -18 -6 Effects on profit (loss) from operations = EBIT -75 -25 -228 -18 -6 Life is for sh
Slide 95: Vivento
Vivento. End of period 1 31/03/08 30/06/08 30/09/08 31/12/08 31/03/09 Employees Vivento in total 8.400 8.200 8.500 8.200 8.400 1. Employmend external 2 1.900 2.200 2.700 3.300 3.400 2. Employmend internal 3.400 3.300 3.000 2.300 2.100 3. Others 3 3.100 2.700 2.800 2.600 2.900 Employment rate 78% 80%
Slide 96: Notes
Notes. Life is for sharing. Page 96
Slide 97: Glossary and Disclaimer
Glossary and Disclaimer. In addition to financial information presented in accordance with IFRS, this presentation contains non-GAAP financial measures, such as ... which is defined as ... EBIT Abbreviation for EARNINGS BEFORE INTEREST AND TAXES. EBIT is equivalent to the P&L-line "Profit from opera