25 slides from Hellenic Telecommunications Organization Sa's earnings presentation, July 2026
Slide 1: OTE Group Q2 2026 Results
OTE Group Q22026 Results OTE Group Q2 2026 Results July 2026
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation is provided to persons who are entitled to receive it in accordance with the laws and regulations of appropriate jurisdictions. This presentation is provided for information purposes only and does not constitute an o er or an invitation to buy or sell or subsc
Slide 3: Our Vision - OTE 2030
Our Vision - OTE 2030 Our Vision - OTE 2030 Become Europe’s leading Digital Telco elevating Greece to the forefront of digitalization in Europe, connecting customers to enjoy better lives & empowering businesses to grow, leveraging data/AI and Telekom group global scale, while fostering an inspiring
Slide 4: Our Flywheel strategy empowers us to realize our vision
Our Flywheel strategy empowers us to realize our vision Our Flywheel strategy empowers us to realize our vision Scale up Data / AI 05 06 TLeverage global scale Service 04 Revenues /Margin 01 Gigabit for All 5G for All EBITDA Cash Contribution Load reduction & 03 02 Unlock the Pay TV Accelerate busin
Slide 5: Our Strategic Priorities
Our Strategic Priorities Our Strategic Priorities Gigabit for All: Unlock the Pay TV: Load reduction & Scale up Data / AI: Leverage T global Love brand: Lead in Gigabit broadband Unlock the legal Pay TV market digital deflection: Scale up Data / AI scale: Capitalise on the power of experience (cover
Slide 6: Wrapping up Q2'2026: Solid Financial & Operational Performance
Wrapping up Q2’2026 : Solid Financial Operational Performance Wrapping up Q2’2026 : Solid Financial & Operational Performance Solid Profitability; Adj. EBITDA (AL) up +3.0% ,on track to deliver 2026 ΕBITDA growth of c.3% Strong Revenue growth continues, up +8%, adjusting for international wholesale
Slide 7: Financial Overview: EBITDA growth accelerates
Financial Overview: EBITDA growth accelerates Financial Overview: EBITDA growth accelerates Total Revenues (€m) Fixed Retail Revenues (€m) Mobile Service Revenues (€m) 8.7% Underlying* growth 5.2% 5.5% 5.0% +8% in Q2’26 2.3% 3.2% 2.7% 4.9% 1.5% 2.3% 1.7% 1.1% 1.2% 1.4% 0.1% Retail incL data com 874
Slide 8: Fixed Retail - FTTH: Accelerated customer base growth
Fixed Retail - FTTH: Accelerated customer base growth Fixed Retail - FTTH: Accelerated customer base growth FTTH Retail base (k) FTTH Retail net adds (k) FTTH Footprint (k) >70% Robust FTTH growth of GR lines 687 3,500 62 625 58 58 • Record high FTTH subscribers' additions 567 470 509 2,221 40 2,138
Slide 9: Market Leader in Fixed BB infrastructure
Market Leader in Fixed BB infrastructure OTE Group: Market leader in FTTH UFBB Project infrastructure in Greece 100% 860k Rural UFBB Project Households & semi rural areas OTE ACCOUNTS FOR A SUBSTANTIAL SHARE OF THE COUNTRY’S INSTALLED FTTH LINES By the end of 2026 UFBB commercially available ONGOING
Slide 10: Fixed Retail – FWA: Supporting Broadband Growth and Base Resilience
Fixed Retail – FWA : Supporting Broadband Growth and Base Resilience Fixed Retail – FWA : Supporting Broadband Growth and Base Resilience FWA Customer base (k) Total Fixed Broadband base (k) FWA gains out of which 95k 5G WiFi 119 2,388 2,388 2,389 2,385 2,386 solid momentum 100 83 62 • 1st to launch
Slide 11: Fixed Retail – Pay TV: A strong growth driver
Fixed Retail – Pay TV: A strong growth driver Fixed Retail – Pay TV: A strong growth driver Pay TV base (k) Pay TV net additions (k) Strong Pay TV 7.1% 6.7% 7.1% 8.1% 7.9% momentum 792 793 777 23 758 19 735 15 • Solid growth in TV revenues +9.2% • Pay TV base + 7.9% 2 1 • Sports content sharing agre
Slide 12: Mobile: Strong momentum continues
Mobile: Strong momentum continues Mobile: Strong momentum continues Post paid Subs (k) Post paid Adds (k) Split (%) 5.7% 6.4% 7.4% 7.6% 8.0% Pre to post migrations and mobile data upsells 3,148 2,915 2,974 3,035 3,086 62 62 59% 58% 57% 56% 56% driving growth 58 51 47 41% 42% 43% 44% 44% • Post-paid
Slide 13: Mobile Network Superiority
Mobile Network Superiority Mobile Network Superiority Fastest Mobile Network for 10th consecutive year COSMOTE TELEKOM is the first mobile network worldwide to achieve this distinction for 10th consecutive years ~84% NATIONWIDE POPULATION COVERAGE Umlaut Best in Test certification, for 11th consecuti
Slide 14: Differentiation
Differentiation Non-core and partner services offers to increase loyalty and boosting customer experience Differentiation Non-core and partner services offers to increase loyalty and boosting customer experience Customer Base New Contracts Renewals Insurtech platform 139k 8.4k 80% 5.9k new business
Slide 15: System Solutions Business: Strong momentum
System Solutions Business: Strong momentum System Solutions Business: Strong momentum SyS Evolution (€m) SyS Revenues (€m) Strong growth in Greek/ EU 9% 34% 33% Public sector & increasing 419 162 focus in Private sector 139 138 314 91 97 235 • Systems Solutions +52.1% • RRF termination in Q3 2026 •
Slide 16: Opex and Transformation
Opex and Transformation Significant opportunities for increased productivity and efficiencies Opex and Transformation Significant opportunities for increased productivity and efficiencies IDC on Service Revenues Cost discipline & transformation 31% 30% 28% 28% 28% • IDC ratio reduced to 28% • Simplificat
Slide 17: Shift activities to digital as a key lever to drive efficiencies & improve CX
Shift activities to digital as a key lever to drive efficiencies improve CX Shift activities to digital as a key lever to drive efficiencies & improve CX E-sales Share Ε-payments E-top up Digital Deflection – Steady progress 51% 53% 35.8% 48% 40% 43% • Leveraging the App/Web to shift sales 38% and c
Slide 18: AI use cases gaining traction across key functions
AI use cases gaining traction across key functions aiming for productivity and operational efficiencies AI use cases gaining traction across key functions aiming for productivity and operational efficiencies G&A Network IT Employee AI Assistants boosting • Increasing automation in Network AI driven so
Slide 19: AI use cases gaining traction across key functions
AI use cases gaining traction across key functions strengthening market propositions and lifting customer experience AI use cases gaining traction across key functions strengthening market propositions and lifting customer experience Sales & Service / Customers AI CALLING CUSTOMERS B2B • New Voice S
Slide 20: 2026 Guidance
2026 Guidance Raising our growth ambition, based on top line growth and transformation drivers 2026 Guidance Raising our growth ambition, based on top line growth and transformation drivers 2025 2026 Guidance Adj. EBITDA AL +2.0% ~3% Free Cash Flow €543m ~€750m (FCF) Underlying Free Cash Flow 570m -
Slide 21: Appendix
Appendix Appendix
Slide 22: Key Financial Data
Key Financial Data Key Financial Data OTE Group (€m) Q2 ‘26 Q2 ‘25 y.o.y. 6M ‘26 6M ‘25 y.o.y. Revenues 855.8 855.1 +0.1% 1,715.2 1,674.0 +2.5% Adjusted EBITDA (AL) 343.3 333.2 +3.0% 681.7 662.3 +2.9% margin % 40.1% 39.0% +1.1pp 39.7% 39.6% +0.1pp EBIT 203.3 191.9 +5.9% 392,2 379,9 +3.2% Profit to o
Slide 23: SHR: Increasing payout & dividend, new policy enhancing transparency
SHR: Increasing payout dividend, new policy enhancing transparency SHR: Increasing payout & dividend, new policy enhancing transparency Total Payout (€m) €532m Shareholders payout for 2026 532 427 450 451 Dividend Share buy back 250 297 298 354 +22% +16% 177 153 153 177 FCF Payout % 2023 2024 2025 2
Slide 24: Sustainability - Priorities & Key Commitments
Sustainability- Priorities Key Commitments Sustainability- Priorities & Key Commitments 2025 Performance Climate OTE Group contributes to Telekom Group Climate Targets: • 100% Renewable Electricity: 425.2 GWh • Scope 1&2: Greenhouse gas neutrality; through emissions’ • 100% Renewable electricity, fr
Slide 25: Thank you
Thank you Thank you