Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q3 2015 Earnings Presentation
18 slides from Magyar Telekom Telecommunications's earnings presentation, Nov 4, 2015
Slide 1: Magyar Telekom Group Q3 2015 Results Presentation
MAGYAR TELEKOM GROUP Q3 2015 RESULTS PRESENTATION NOVEMBER 4, 2015
Slide 2: Strategic Highlights
STRATEGIC HIGHLIGHTS After turning around revenue and EBITDA in recent years, we have managed to return to TURNAROUND positive Free Cash Flow generation as the basis for the resumption of dividend payments GROUP Consolidated our market positions through an integrated T brand and network developm
Slide 3: Market Position in Hungary
MARKET POSITION IN HUNGARY Total mobile market* Fixed voice market** Subscribers Vodafone Subscribers Other 12,000,000 3,500,000 +0.5% Telenor Invitel 10,000,000 22.8% 22.7% Telekom 3,000,000 5.8% 5.8% 4.9% DIGI 13.0% 12.7% 12.7% 2,500,000 UPC 8,000,000 9.3% 9.8% 10.6% 30.9% 30.5% MT 2,000,000 13.8%
Slide 4: Financial Highlights and Targets
FINANCIAL HIGHLIGHTS AND TARGETS 9M 2015 RESULTS 2015 TARGETS 2017 TARGETS roughly stable REVENUE +2.7% roughly stable excluding energy compared to 2014 Group wide mobile data growth due to 4G push offset by Hungarian MTR cuts Revenue growth in fixed line Increased SI/IT revenues across all se
Slide 5: Group Segmental Revenue and EBITDA
GROUP SEGMENTAL REVENUE AND EBITDA Group segmental revenue Group segmental EBITDA HUF bn HUF bn -0.6% 158,5 0,3% 51.0 1.1 -1.2 0,5 -0,3 50.5 0,6 158,0 158,0 -0,5 50.0 0.6 -0.8 0,2 49.5 49.2 157,5 157,5 49.0 0.1 48.9 0,0 0.0 3Q 2014 T-HU T-Systems Maced. Monten. Elim. 3Q 2015 3Q 2014 T-HU T-Systems M
Slide 6: Segmental Overview
SEGMENTAL OVERVIEW
Slide 7: T-Hungary
T-HUNGARY T-Hungary revenue T-Hungary EBITDA HUF bn HUF bn +0.2% +1.5% 116 0.7 115.7 39.0 0.2 -1.7 115.5 -3.7 2.1 0.0 0.4 38.5 115 0.4 38.0 0.7 114 37.5 1.2 36.9 1.4 -0.3 37.0 113 -0.7 36.5 36.4 112 36.0 0.5 0 0.0 3Q Mobile Mobile Mobile Fixed Fixed TV Fixed SI/IT Energy 3Q 3Q 2014 Gross Special tax
Slide 8: T-Hungary – Mobile
T-HUNGARY – MOBILE Mobile RPC Mobile ARPU (HUF) „000 HUF +0.1% 4,933 4,964 4,948 4,938 4,935 5,000 Prepaid 3Q 2014 3,598 Postpaid Blended -3.6% 3Q 2015 4,000 3,470 50.4% 50.0% 49.6% 49.0% 48.9% 3,000 1,361 +77 Prepaid -11.9% 1,200 2,000 49.6% 50.0% 50.4% 51.0% 51.1% 5,888 1,000 Postpaid -4.2% 5,643
Slide 9: T-Hungary – Fixed Broadband and TV
T-HUNGARY – FIXED BROADBAND AND TV Fixed BB RPC Pay TV RPC „000 +9.7% „000 +4.2% 1,000 940 961 973 1,000 934 939 950 887 922 911 925 8% 8% 7% <10Mbps Sat 9% 8% 800 10Mbps -30Mbps 800 34% 33% 33% 33% 32% Cable >30Mbps IPTV 600 68% 68% 600 17% 69% 69% 19% 19% 19% 18% 69% +49 400 400 +54 47% 48% 49% 50
Slide 10: T-Hungary – Fixed Voice, Multiplay and Energy
T-HUNGARY – FIXED VOICE, MULTIPLAY AND ENERGY Fixed voice RPC Multiplay development among residential customers „000 „000 1Play -1.0% 2Play 1,500 1,417 1,418 1,408 1,408 1,404 2,000 -0.2% PSTN 3Play 1,524 1,538 1,546 1,529 1,521 Annual churn rate 36% 31% IP based* 48% 44% 1,500 57% 1,000 39% 38% 38%
Slide 11: T-Systems
T-SYSTEMS Financials SI/IT revenue and margin Revenues (HUF bn) EBITDA (HUF bn) HUF bn +1.7% +21.1% +53.8% 27.5 1.7 27.1 3.5 +11.7% 27.0 1.0 0.1 3.1 20 26.6 -0.4 3.0 16.4 Revenue 26.5 -0.9 14.7 2.5 15 Gross margin* 26.0 25.5 2.0 10 2.0 6.5 25.0 5.3 5 0.0 0.0 0 3Q Mobile Fixed SI/IT 3Q 3Q Gross Other
Slide 12: Macedonia
MACEDONIA Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers -16.6% +0.5% 2,500,000 One (T. Slovenia)* -1.8% 7.0 -1.1 15.0 7.0 26.1% 14.7 -0.5 2,000,000 23.5% 25.0% VIP (T. Austria) 14.5 0.7 14.4 1,500,000 T-Mobile 6.5 28.6% 27.0% 27.8% -0.4 -27,068 1,000,000 14.0 6.0 0.0 5.8 500,0
Slide 13: Montenegro
MONTENEGRO Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers -0.3% -5.2% -23.0% 1,200,000 9.0 4.0 Telenor 8.9 -0.4 1,000,000 3.7 -0.6 38.5% 38.2% 39.3% m:tel (T. Serbia) 8.8 800,000 3.5 T-Mobile 8.6 -0.2 600,000 26.3% 0.1 8.4 -0.2 28.9% 28.5% 8.4 3.0 400,000 -7,524 2.8 200,000 35.
Slide 14: Financials
FINANCIALS
Slide 15: Magyar Telekom – Consolidated Income Statement
MAGYAR TELEKOM – CONSOLIDATED INCOME STATEMENT HUF million Q3 2014 Q3 2015 Change Mobile revenues 82 718 79 105 -4,4% Fixed line revenues 51 656 52 702 2,0% System Integration/Information Technology revenues 14 404 16 781 16,5% Revenue from energy services 8 726 9 418 7,9% Revenues 157 504 158 006 0
Slide 16: Magyar Telekom – Consolidated Balance Sheet
MAGYAR TELEKOM – CONSOLIDATED BALANCE SHEET HUF million Sept 30, 2014 Sept 30, 2015 Change Current assets 191 891 204 194 6,4% Cash and cash equivalents 12 460 17 113 37,3% Other current financial assets 18 137 14 849 -18,1% Non current assets 941 659 980 121 4,1% Property, plant and equipment - net
Slide 17: Magyar Telekom – Consolidated Cash Flow Statement
MAGYAR TELEKOM – CONSOLIDATED CASH FLOW STATEMENT HUF million Sept 30, 2014 Sept 30, 2015 Change Net cash generated from operating activities 98 094 106 993 9,1% Investments in tangible and intangible assets (53 633) (59 929) 11,7% Adjustments to cash purchases (5 791) (3 754) -35,2% Purchase of sub
Slide 18: For further questions please contact the IR department
For further questions please contact the IR department: Investor Relations Phone: +36 1 458-0424 Fax: +36 1 458-0443 e-mail: investor.relations@telekom.hu DISCLAIMER This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about o