Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q1 2015 Earnings Presentation
18 slides from Magyar Telekom Telecommunications's earnings presentation, May 12, 2015
Slide 1: Magyar Telekom Group Q1 2015 Results Presentation
MAGYAR TELEKOM GROUP Q1 2015 RESULTS PRESENTATION MAY 12, 2015
Slide 2: Strategic Highlights
STRATEGIC HIGHLIGHTS Strong mobile performance as a result of successful rebalancing MOBILE Mobile data growth due to attractive device portfolio and strong 4G push supported by the network sharing agreement with Telenor in rural Hungary HUNGARY Maintained leadership positions in all the Hunga
Slide 3: Hungary Market Positions
HUNGARY MARKET POSITIONS Total mobile market* Fixed voice market** Subscribers Vodafone Subscribers Other 12,000,000 3,500,000 +0.4% Telenor Invitel 10,000,000 22.7% 22.4% Telekom 3,000,000 5.8% 5.8% 5.8% DIGI 13.0% 12.6% 12.7% UPC 2,500,000 8,000,000 9.1% 9.7% 10.2% 30.9% 30.8% MT 2,000,000 13.3% 1
Slide 4: Financial Highlights and Targets
FINANCIAL HIGHLIGHTS AND TARGETS 1Q 2015 RESULTS 2015 TARGETS 2017 TARGETS roughly stable REVENUE +3.3% up to 3% increase compared to 2014 Mobile data growth due to successful rebalancing NEW NEW Increased device sales No impact from Hungarian MTR cut roughly stable (effective as of April 2015
Slide 5: Group Segment Revenue and EBITDA
GROUP SEGMENT REVENUE AND EBITDA Group segmental revenue Group segmental EBITDA HUF bn HUF bn +3.3% +4.8% 7.8 -3.8 3.4 -0.5 160 44 -0.4 158 2.5 157.0 -0.3 43 -0.2 -0.9 156 42.5 -0.6 154 42 151.9 152 41 40.5 0 0 Q1 2014 T-HU T-Systems Maced. Monten. Elim. Q1 2015 Q1 2014 T-HU T-Systems Maced. Monten.
Slide 6: Segmental Overview
SEGMENTAL OVERVIEW
Slide 7: T-Hungary
T-HUNGARY T-Hungary revenue T-Hungary EBITDA HUF bn +6.9% HUF bn +11.5% 122 3.3 121.5 33 0.9 32.5 120 0.8 -0.7 32 2.6 -0.1 0.6 -0.6 0.8 0.0 118 3.4 31 116 30 113.7 0.3 29.2 114 29 112 2 0 0 1Q Mobile Mobile Mobile Fixed Fixed TV Fixed Si/IT Energy 1Q 1Q 2014 Gross margin Special tax Other expenses Q
Slide 8: T-Hungary – Mobile
T-HUNGARY – MOBILE Mobile RPC Mobile ARPU (HUF) ‘000 +1.4% HUF 4,878 4,898 4,933 4,964 4,948 5,000 Prepaid 3,333 1Q 2014 4,000 Postpaid Blended +3.9% 1Q 2015 50.4% 50.0% 49.6% 3,462 51.3% 50.7% 3,000 1,210 +118 Prepaid -1.2% 1,195 2,000 48.7% 49.3% 49.6% 50.0% 50.4% 5,583 1,000 Postpaid +2.3% 5,710
Slide 9: T-Hungary – Fixed Broadband and TV
T-HUNGARY – FIXED BROADBAND AND TV Fixed BB RPC Pay TV RPC ‘000 ‘000 +8.5% +4.1% 1,000 922 940 1,000 907 911 925 934 867 877 887 <10Mbps 898 Sat 8% 8% 11% 9% 800 15% 10Mbps -30Mbps 800 33% 33% Cable 34% 34% 34% >30Mbps IPTV 600 600 69% 69% 69% 20% 20% 19% 19% 19% 66% 68% 400 400 +49 200 +52 200 45%
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 -1.2% -1.1% +0.7% 2Play 1,500 1,426 1,421 1,417 1,418 1,408 2,000 -0.7% PSTN 3Play 1,558 1,549 1,524 1,538 1,546 Annual churn rate IP based* 48% 44% 1,500 57% 1,000 64% 61%
Slide 11: T-Systems
T-SYSTEMS Financials SI/IT revenue and margin Revenues (HUF bn) EBITDA (HUF bn) HUF bn -13.9% -17.2% -18.1% 28 27.3 -0.4 3.5 -0.4 3.2 -0.9 27 -3.0 20 -19.2% 26 3.0 15.4 Revenue 0.4 2.6 15 Gross margin* 25 12.5 24 23.5 2.5 10 23 6.4 5.3 5 0 0.0 0 1Q Mobile Fixed Si/IT 1Q 1Q Gross Other 1Q 1Q 2014 1Q
Slide 12: Macedonia
MACEDONIA Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers -7.0% -1.1% -6.6% 2,500,000 5.4 -0.8 One (T. Slovenia)* 13.5 13.4 -0.4 5.5 2,000,000 23.7% 24.7% 26.1% VIP (T. Austria) -0.6 0.4 5.0 1,500,000 T-Mobile 13.0 28.1% 28.1% 27.9% 5.0 1,000,000 -36,108 0.1 12.5 12.5 500,000 48
Slide 13: Montenegro
MONTENEGRO Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers +3.4% -7.7% -10.6% 1,000,000 7.6 -0.2 Telenor 7.6 2.8 2.7 -0.5 37.5% 38.5% 37.5% m:tel (T. Serbia) 7.4 -0.5 2.6 T-Mobile 7.2 0.2 2.4 26.2% 27.5% 28.2% 0.1 7.0 2.4 +9,507 7.0 6.8 2.2 35.3% 35.1% 34.3% 0 1Q 2013 1Q 2014 1Q
Slide 14: Financials
FINANCIALS
Slide 15: Magyar Telekom – Consolidated Income Statement
MAGYAR TELEKOM – CONSOLIDATED INCOME STATEMENT HUF million Q1 2014 Q1 2015 Change Mobile revenues 73 616 76 938 4,5% Fixed line revenues 51 579 50 649 -1,8% System Integration/Information Technology revenues 13 189 12 581 -4,6% Revenue from energy services 13 509 16 789 24,3% Revenues 151 893 156 95
Slide 16: Magyar Telekom – Consolidated Balance Sheet
MAGYAR TELEKOM – CONSOLIDATED BALANCE SHEET HUF million Mar 31, 2014 Mar 31, 2015 Change Current assets 202 910 197 487 -2,7% Cash and cash equivalents 13 748 13 333 -3,0% Other current financial assets 33 916 19 154 -43,5% Non current assets 893 699 971 503 8,7% Property, plant and equipment - net
Slide 17: Magyar Telekom – Consolidated Cash Flow Statement
MAGYAR TELEKOM – CONSOLIDATED CASH FLOW STATEMENT HUF million Mar 31, 2014 Mar 31, 2015 Change Net cash generated from operating activities 25 263 25 240 -0,1% Investments in tangible and intangible assets (17 292) (12 179) 29,6% Adjustments to cash purchases (8 031) (10 734) 33,7% Purchase of subsi
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