Slide 1: Orange financial results #Q1_2019
Orange financial results #Q1_2019 30 April 2019 Ramon Fernandez Deputy CEO, Finance, Performance and Europe
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements about Orange. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently considered material by us, and there c
Slide 3: Section one: Q1 2019 highlights
Section one Q1 2019 highlights
Slide 4: Group achievements Q1 19: revenue and EBITDAaL
Q1 2019 Revenue EBITDAaL* Group € 10.2 bn € 2.6 bn achievements Q1 19 yoy growth Q1 19 yoy growth +2.8% +0.4% -0.1% +0.7% actual excluding actual excluding yoy : comparison with the same period of the previous year, on a ePresse / ePresse / comparable basis unless otherwise specified AudioBook Audio
Slide 5: 4G coverage and investment efforts
4G coverage Investment Population covered in % efforts Poland 99.8% maintained to Belgium France 99.0% 99.7% preserve Moldova 98.0% competitive edge Spain 96.9% Romania 96.9% in connectivity Slovakia 94.2% VHBB connectable homes* Group Telecom yoy +8.7% Q1 2019 eCAPEX Spain 14.1 m +15% +€130m €1.6bn
Slide 6: Solid commercial momentum driven by Convergence, VHBB and 4G
Solid commercial Convergence momentum driven 10.5m* +5% Leader €1.7bn* +5% by Convergence, yoy customers in Europe revenue yoy VHBB and 4G VHBB 4G 6.7m +31% yoy 59m** +23% yoy customers customers VHBB > 100 Mbps Details on convergence on slide 18 287k customers in France Launch of Connected Home Lau
Slide 7: Section two: Business review
Section two Business review
Slide 8: France
Q1 2019 France Growth in convergent and wholesale services. Total revenues impacted by ePresse/Audio books headwind and by equipment sales in €m Q1 19 Q1 18 cb yoy cb Revenues 4,407 4,489 -1.8% Q1’19 yoy growth excl. ePresse/Audio book : Retail services (B2C+B2B) 2,692 2,763 -2.6% Convergent service
Slide 9: France commercial performance
Q1 2019 France commercial performance Strong net adds in broadband and resilience in mobile despite a very competitive environment Mobile contract net adds (in ‘000s) and churn rate Fixed BB net adds (in ‘000s) net adds excl M2M quarterly churn rate in % FTTH ADSL and others 59.4% 13.0% 12.3% of bro
Slide 10: Spain
Q1 2019 Spain Topline and convergent ARPO grew supported by a value strategy in a very competitive market in €m Q1 19 Q1 18 cb yoy cb Revenues 1,318 1,312 +0.4% 84% Convergence as % of broadband B2C customer base Retail services 953 947 +0.7% Convergent services* 530 524 +1.2% Mobile only services 2
Slide 11: Orange and Vodafone to strengthen network sharing partnership in Spain
Orange and Vodafone to strengthen their network sharing partnership in Spain including 5G sharing National mobile active network Enhanced network coverage Investment : sharing over 14.800 mobile sites and capacity ~300€m over 4 years < 100€m in 2019 Multi-technologies Faster and more efficient 2G, 3
Slide 12: Europe
Q1 2019 Europe Convergence keeps driving ongoing momentum in retail services in €m Q1 19 Q1 18 bc yoy cb Revenue evolution (in €m) Revenues 1,389 1,370 +1.4% Retail services 876 845 +3.6% Convergent services* 142 100 +42.8% -11 Mobile only services 529 540 -2.0% -11 +9 Fixed only services 165 175 -6
Slide 13: Africa & Middle East
Q1 2019 Africa & Middle East Another quarter of outstanding growth sustained by a very solid retail dynamic in €m Q1 19 Q1 18 cb yoy cb Revenues 1 349 1 282 +5.3% Retail services (B2C+B2B) Mobile only services 1 125 1 005 1 044 933 +7.8% +7.7% 17.6m 4G customers +50% yoy Fixed only services 117 108
Slide 14: Enterprise
Q1 2019 Enterprise 2nd quarter of growth in a row driven by the performance of IT&IS and data in €m Q1 19 Q1 18 cb yoy cb Revenues 1 831 1 821 +0.6% Fixed only services 986 997 -1.1% voice 327 347 -6.0% data 659 649 +1.5% Cyberdefense +30% yoy IT & integration services 609 582 +4.6% Revenue growth i
Slide 15: Section three: 2019 guidance
Section three 2019 guidance
Slide 16: Guidance 2019
Excluding the impact from the network Guidance sharing deal with Vodafone 2019 EBITDAaL Slight growth eCAPEX (1) Slight decrease from 2018 peak Operating Cash Flow (2) Growth Net debt (3) / EBITDAaL (telecom) Around 2x in the medium term Dividend (4) Floor of €70 cent (1) Economic CAPEX (2) EBITDAaL
Slide 17: Appendices
Appendices
Slide 18: Convergent B2C customer base in million
Convergent B2C customer base in million % of broadband B2C customer base Convergence, France* Spain Poland 5.70 3.14 3.13 3.12 3.12 3.08 1.28 the bedrock of 5.61 5.65 1.18 1.24 85% 84% 59% our strategy 5.52 5.56 55% 1.09 1.14 54% 52% Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18