Telekom Austria Ag · VIE:TKA
Telekom Austria — A1 Telekom Austria Group — Investor Presentation (August 2026)
41 slides from Telekom Austria's investor presentation, August 2026
Slide 1: Investor Presentation August 2026
Investor Presentation August 2026
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward -looking statements. These forward -looking statements are usually accompanied by words such as ›believe‹, ›intend‹, ›anticipate‹, ›plan‹, ›expect‹ and similar expressions or by ›outlook‹. Actual events may differ materia lly from those anticip
Slide 3: A1 at a glance: Former Austrian incumbent and a platform for growth in Eastern Europe
A1 at a glance : Former Austrian incumbent and a platform for growth in Eastern Europe 5.6 bn 2.1 bn 37 % Total revenues EBITDA EBITDA margin FY 2025 FY 2025 FY 2025 32.1 mn 6.5 mn 42 EurC Wireless subscribers Fixed RGUs Dividend H1 2026 H1 2026 FY 2025 #1 #4 -0.2 A- A List Telecom Brand in in brand
Slide 4: Well-balanced performance across geographic footprint
Well -balanced performance across geographic footprint Revenue split Growth driver CEE EBITDA split FY 2025 Revenues yoy growth 2025 FY 2025 CAGR 2021 -2025 Bulgaria +0.6% +7.9% Bulgaria 16 % Croatia CAGR CAGR 18% Croatia 12% 11 % Belarus 8.8% 11% Belarus 10% 5.6 2.1 Austria Serbia Serbia 8% bn Aust
Slide 5: Leading market position in all key markets
Draft for internal discussion Leading market position in all key markets (As of Q4 2025) Mobile Fixed Austria 40% #1/3 55% #1/3 Bulgaria 34% # 2/3 41% #2/3 Croatia 37% #2/3 35% #2/3 Belarus 42% #2/3 9% #2/3 Slovenia 25% #3/4 15% #3/4 Serbia 26% #3/3 2% digital #3/3 N. Macedonia 52% #1/2 35% #2/3 Cor
Slide 6: Distribution of mobile customers and fixed RGUs across markets
Distribution of mobile customers and fixed RGUs across markets (As of Q2 2026) 32.1 million 6.5 million A1 Group · Mobile Subscribers A1 Group · Fixed RGUs Austria 5.20 million | International 26.9 million Austria 2.5 million | International 4.0 million Mobile subscribers per country Fixed RGUs per
Slide 7: Continuation of fiber and 5G roll-out across markets
Continuation of fiber and 5G roll -out across markets (As of Q4 2025) A1 Group Austria Bulgari a Croatia 4.73 mn 987 ,000 1 .47 mn 471 ,900 Fibre Fibre Fibre Fibre Homes Passed Homes Passed 86% Homes Passed 89% Homes Passed 96% 5G 5G 5G 4G 99 % 4G 99 % 4G 99 % 4G 99 % Belarus Serbia Slovenia N. Mac
Slide 8: Financials
Financials 8
Slide 9: Financial performance
Financial performance (Unless otherwise stated, in EUR mn ) Revenues EBITDA Free cash flow +3% +2% +4% 5,251 5,413 5,577 1,924 2,021 2,062 596 575 354 36.6% 37.3% 37.0% 2023 2024 2025 2023 2024 2025 2023 2024 2025 EBITDA margin CAPEX (incl. frequencies) Net debt Balance sheet & equity ratio +3% 9,55
Slide 10: Sustainable top- and bottom-line growth ensuring strong free cash flow generation
Sustainable top - and bottom -line growth ensuring strong free cash flow generation Revenues growing consistently EBITDA increased significantly Robust free cash flow CAGR CAGR AVG FCF/ year +4.1% +4.9% EUR 520 mn 1,924 2,021 5,413 5,577 1,706 1,838 603 5,005 5,251 1,577 575 4,748 504 487 354 35% 36
Slide 11: Steadily rising dividend and continuous deleveraging as solid foundation for future growth
Steadily rising dividend and continuous deleveraging as solid foundation for future growth Sustainable dividend policy Net debt reduction Dividend per share, in EURc Net debt/EBITDA Net debt (excl.leases)/EBITDAaL >10% CAGR 0.97 EPS 0.91 0.80 0.92 0.95 0.84 FCF/ 42 0.73 0.94 40 share 36 0.53 32 0.68
Slide 12: Strategy
Strategy 12
Slide 13: Strategy follows the vision: Empowering digital life
Strategy follows the vision: Empowering digital life CORE BUSINESS regulated 90% → 75%* NEW BUSINESS unregulated 10% → 25%* * * *Anteil in % am Gesamtumsatz 13 *) % of group revenues der Gruppe
Slide 14: Unfolding the opportunities
Draft for internal discussion Unfolding the opportunities Unfolding our business opportunities Evolve the CORE Evolve Extend Expand Enable Push Scale the CORE B2B SME SME Financial Financial #1 to #1 Digital Services (ICT) Business Services Services 14 14
Slide 15: Unfolding our business opportunities: Evolve the CORE to #1
Unfolding our business opportunities Evolve the CORE to #1 From Product to From Network to Customer Journey Connectivity 15 @Scale Plus
Slide 16: Successfully scaling B2C non-core services – a strategic growth lever
Successfully scaling B2C non -core services – a strategic growth lever to stay relevant for customers ø Revenue per household Growth Pillars 1 2 EUR Core Non -core Phones, accessories, merchandise ~10% of ARPH partnerships 30.8 ~5% of ARPH non -core CAGR 2025 Ambition 2030 Key non -core services act
Slide 17: Unlocking growth with an expanding digital solutions portfolio
Unlocking growth with an expanding digital solutions portfolio Total Revenues ICT Gross Scaling New Opportunities EUR mn + 20% yoy in 2025 Cloud IT Services Security Other Unlock SME Potential +19% CAGR 573 • Target and expand in the SME segment Scale & Specialise +33% CAGR • B2B Delivery Center lau
Slide 18: Sovereign cloud & AI – the next growth driver
Sovereign cloud & AI – the next growth driver Sovereign cloud Sovereign AI Exoscale – built in Europe, operated in Europe A1 Sovereign AI Stack on Exoscale • EU & AT data centers – data stays under European jurisdiction • Open -source data, ML, GenAI & agentic platform • Independence from hyperscale
Slide 19: Advancing with Exoscale – Our sovereign European cloud solution
Advancing with Exoscale – Our sovereign European cloud solution Sovereign European Cloud Leadership • Not subject to US Cloud Act • ISO -certified, high -quality data centers • Largest geographic footprint in DACH & CEE Robust Ecosystem & Customer Trust • 200+ reseller partners and strong customer r
Slide 20: Driving transformation for scalable growth in B2B digital services
Driving transformation for scalable growth in B2B digital services with… B2B Digital BDC Services ~800 Security Network Datacenter Modern Workplace Cloud Delivery Center (BDC) FTEs › Customer facing YE 2025 B2B B2B Footprint AT | CEE OFF -Footprint 20
Slide 21: Driving transformation for scalable growth… and a Competence Delivery Center
Driving transformation for scalable growth … and a Competence Delivery Center Competence Delivery Center 20 1 ~2.500 Skill (CDC) different delivery international FTE over location › Active centers in one CDC team › Non -customer facing 80% completed Traditional set -up New set -up • Local functions
Slide 22: Sustainability
Sustainability 9 wiser Sle *\e paleo, MSCl 6 : re R By United Nations Cc JAC AF Global Compact soorenarin NDUSTRY TOP RATED | (ece]-@ [ae eee DT aA TaaR EUROPEAN GREEN DIGITAL COALITION 22 At
Slide 23: 2025-2030 ESG Strategy
2025 -2030 ESG Strategy CO 2 emissions Energy efficiency Circularity E -Waste Net -Zero goal by 2030 80% goal 50% goal Zero -equipment to landfill Scope 1&2: -90% Increase energy efficiency to 80% by By 2030, the takeback of devices* is Sustainable treatment* of 100% of Scope 3: -60% reduction 2030
Slide 24: The share
The share 24
Slide 25: Shareholder structure
Shareholder structure Two strong shareholders ÖBAG ( Österreichische Beteiligungs AG) • ÖBAG = independent holding company of state assets. • Mission is to preserve and grow its investments for generations. • Investment portfolio also includes: OMV, Verbund, Post, Casinos Austria, etc. América Móvil
Slide 26: Syndicate agreement between América Móvil and ÖBAG
Syndicate agreement between América Móvil and ÖBAG On February 6, 2023, both parties agreed on a new syndicate agreement with a term of 10 years . The publicly known cornerstones of this agreement are the following : General • Headquarters to remain in Austria • Commitment to the listing at the Vien
Slide 27: Guidance 2026
Guidance 2026 Revenue growth p.a. CAPEX excl. spectrum +2 -3 % ~ EUR 750 mn Driven by CEE markets & service revenues; Upselling in Continuing expansion of fiber and 5G networks, mobile consumer segment, strong demand for both in Austria and CEE markets connectivity and ICT solutions, fixed -line bus
Slide 28: Capital allocation follows conservative financial policy for long-term value creation
Capital allocation follows conservative financial policy for long -term value creation within rating framework Credit rating A- rated ambition (current: A -/A3) Conservative Sustainable Value -accretive financial policy dividend policy M&A Leverage ambition for: Develops in line with operational & V
Slide 29: Reasons to invest
Draft for internal discussion Reasons to invest Digital leader in CEE Financial Performance Broadband Internet | Mobile & Home Entertain ment |Voice | Data & IT Services |Security | Digital Payments > € 500 mn free cash flow p.a. • Exploiting growth opportunities in digital services on the back of a
Slide 30: Management Board
Management Board Deputy CEO CEO Alejandro Plater (*1967, Argentina) Thomas Arnoldner (*1977, Austria) • Board member since August 2015 • Board member since September 2018 − 2015 -2018 as CEO, 2018 -2023 as COO − 2018 -2023 as CEO • Before A1, senior roles at Ericsson • Before A1, board functions at
Slide 31: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment -grade ratings (As of June 30, 2026) Overview Lines of credit Credit ratings • Total financial debt: EUR 795 mn • Total committed lines: EUR 1,315 mn • Average cost of debt: 1.73% − Thereof RCF: EUR 1,000 mn A3/ • Cash & cash equivalents: EUR 710 mn − The
Slide 32: Q2 and H1 results 2026
Q2 and H1 results 2026 32
Slide 33: Q2 2026: Growth in all service revenue categories except Voice
Q2 2026: Growth in all service revenue categories except Voice Service revenues EUR 1,185 mn + 3.5% + 40 m 1,185 1,145 Q2 2025 Mobile core Cubes BB + TV Fixed voice IC Sol. & Conn. VR/NR Other Rev. Q2 2026 Cubes: Mobile WIFI routers and data boxes 33 IC: Interconnection; Sol. & Conn: Solutions and c
Slide 34: Q2 2026: EBITDA growth driven by service revenues and cost control
Q2 2026: EBITDA growth driven by service revenues and cost control EBITDA EUR 562 mn excl. restructuring 4.3% + 23 m 562 539 Q2 2025 Mobile Fixed Sol. + ICT & Other Equipment margin Core OPEX Q2 2026 Mobile: Retail mobile service revenues + visitor and national roaming + IC margin mobile – roaming c
Slide 35: Q2 2026: P&L
Q2 2026: P&L in EUR mn Q2 2026 Q2 2025 Δ H1 2026 H1 2025 Δ Revenues 1,429 1,370 4.2% 2,795 2,685 4.1% Q2 2026 OPEX -885 -849 4.2% -1,751 -1,685 3.9% Revenues increase EBITDA 544 521 4.3% 1,044 999 4.4% • Driven by growth in all markets except Austria. Margin 38.1% 38.0% +0.0pp 37.3% 37.2% +0.1pp Tot
Slide 36: Q2 2026: Free Cash Flow
Q2 2026: Free Cash Flow in EUR mn Q2 2026 Q2 2025 Δ H1 2026 H1 2025 Δ EBITDA 544 521 4.3% 1,044 999 4.4% Restructuring 18 18 -0.1% 55 55 -0.4% Lease paid -105 -101 4.4% -214 -205 4.5% Income taxes paid -42 -33 27.7% -61 -50 23.4% Net interest paid 15 4 n.m. 23 9 144.9% Change working capital & other
Slide 37: Appendix
Appendix 37
Slide 38: Strong Austrian market position, focus on high-value segment and OPEX efficiency
S trong Austrian market position , focus on high -value segment and OPEX efficiency in challenging environment #1 #1 #1 Market position Brand image Network Mobile and Mobile and Performance fixed -line fixed -line Competitive landscape and macro environment Strategy and measures • 3 MNOs & >30 MVNOs
Slide 39: Steady growth and margin improvement in the international business
Steady growth and margin improvement in the international business driving group revenue and bottom -line International Harvesting the benefits of strategic in EUR mn investments • Expanded fixed & fiber footprint as scalable +8% +10% +7 % ~ 53% p.a. p.a. (since 2021) (H1 2026) growth platform for m
Slide 40: A1 Telekom Austria Group share
A1 Telekom Austria Group share ISIN Reuters Bloomberg Shares Outstanding Listing AT0000720008 Tela.VI TKA AV 664,084,841 Vienna Stock Exchange TKA ATX STOXX Europe 600 Telco 180 Institution Rating Price (EUR) AlphaValue/Baader Europe Buy 11.80 160 Bank Pekao Buy 11.60 140 Citigroup Hold 9.60 Erste G
Slide 41: Contacts
Contacts Susanne Aglas -Reindl Head of Investor Relations Telekom Austria AG Lassallestraße 9 1020 Wien M +43 664 66 39420 T +43 50 664 39420 @ susanne.aglas -reindl@A1.group
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