Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q2 2016 Earnings Presentation
18 slides from Magyar Telekom Telecommunications's earnings presentation, Aug 4, 2016
Slide 1: Magyar Telekom Group Q2 2016 Results Presentation
MAGYAR TELEKOM GROUP Q2 2016 RESULTS PRESENTATION AUGUST 4, 2016
Slide 2: Q2 2016 Strategic Highlights: Hungarian Segment Continues to Drive Group Performance
Q2 2016 STRATEGIC HIGHLIGHTS: HUNGARIAN SEGMENT CONTINUES TO DRIVE GROUP PERFORMANCE Decline due to partial energy exit and lower SI/IT revenues; excl. energy and SI/IT, REVENUE revenues up by 2.2% driven by growth in mobile and fixed line revenues EBITDA down by 2.0% as higher other operating e
Slide 3: H1 2016 Financial Highlights and Targets
H1 2016 FINANCIAL HIGHLIGHTS AND TARGETS H1 2016 RESULTS vs. H1 2015 2016 TARGETS 2017 TARGETS REVENUE HUF 293.2 (-7.0%) HUF 580 - 590bn HUF 585 - 595bn Decline due to partial energy exit and lower SI/IT revenues; excl. energy and SI/IT, revenues up by 0.9% driven by growth in mobile and fixed lin
Slide 4: Group Segmental Revenue and EBITDA
GROUP SEGMENTAL REVENUE AND EBITDA Group segmental revenues Group segmental EBITDA HUF bn HUF bn -2.0% -6.5% 160 53.0 0.7 -1.3 158.5 -9.9 158 52.5 156 52.2 154 52.0 -0.8 152 51.5 0.4 51.2 150 0.4 -0.8 0.0 148.2 51.0 148 0 0.0 2Q 2015 Hungary Macedonia Montenegro Elimination 2Q 2016 2Q 2015 Hungary M
Slide 5: Hungary
HUNGARY Revenue* EBITDA HUF bn HUF bn +1.6% -7.2% 142 0.7 0.5 -4.5 48 1.5 -2.8 2.2 -0.7 0.2 140 1.1 137.7 -0.5 47 138 -9.0 0.4 136 46 1.6 134 44.9 132 45 44.2 130 44 127.7 128 0 0 2Q Mobile Mobile Mobile Fixed Fixed TV Fixed SI/IT Energy 2Q 2Q 2015 Gross Special tax Employee Other op. 2Q 2016 2015 v
Slide 6: Hungary – Mobile
HUNGARY – MOBILE Mobile SIMs Mobile ARPU (HUF) „000 HUF -2.4% 6,000 5,476 5,482 5,504 5,372 5,344 Prepaid 2Q 2015 3,216 5,000 Postpaid Blended +3.1% 2Q 2016 3,315 44.2% 44.0% 43.6% 42.3% 41.8% 4,000 1,133 3,000 +55 Prepaid -0.1% 1,132 2,000 55.8% 56.0% 56.4% 57.7% 58.2% 4,895 1,000 Postpaid +0.1% 4,
Slide 7: Hungary – Fixed Broadband and TV
HUNGARY – FIXED BROADBAND AND TV Fixed BB customer number Pay TV customer number „000 „000 +3.2% +3.7% 971 1,200 1,000 941 952 962 964 972 984 996 1,001 1,009 <10Mbps Sat 1,000 6% 6% 5% 32% 32% 31% 9% 7% 10Mbps -30Mbps 800 32% 32% Cable 800 >30Mbps IPTV 600 17% 16% 15% 15% 65% 64% 18% 600 67% 68% 66
Slide 8: Hungary – Fixed Voice and Energy
HUNGARY – FIXED VOICE AND ENERGY Fixed voice customer number Fixed voice ARPU „000 -2.1% HUF 1,472 1,467 1,461 1,448 1,441 PSTN 1,500 16% IP based* 2,768 32% 27% 23% Blended -4.3% 37% 2,649 +278 1,000 77% 84% 2Q 2015 500 68% 73% 63% 2Q 2016 0 2Q 2015 3Q 2015 4Q 2015 1Q 2016 2Q 2016 Energy revenues H
Slide 9: Hungary – Multiplay
HUNGARY – MULTIPLAY Fixed line multiplay residential subs. development Fixed line multiplay residential ARPU development „000 1Play HUF 1,389 1,387 1,385 1,379 2Play 5,733 2Q 2015 1,375 Blended +2.9% 1,400 3Play 2Q 2016 5,900 1,200 35% 35% 34% 33% 33% 1,000 2,966 1Play +3.5% 800 3,070 30% 30% 30% 30
Slide 10: Hungary – SI/IT
HUNGARY – SI/IT Total Hungarian IT services market development* Market share** HUF bn % +4.6% Telekom 300 274 262 IT Infrastructure 14% HP 249 250 219 223 233 NISZ services 7% 40% 40% 200 41% System Integration / Microsoft 42% 42% 41% 4% IT Application services IBM 150 3% 2% 2% MVMI 100 63% 2% 2% 59
Slide 11: Macedonia
MACEDONIA Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers One (T. Slovenia)* -26.5% +3.2% 2,500,000 -1.3% VIP (T. Austria) 5. 0 -0.1 One.Vip 13.4 0.4 13.3 5.0 -1.2 2,000,000 25.6% 26.1% Telekom 0.2 -0.2 4.5 1,500,000 51.7% 13.2 One-off: 27.9% 27.9% 4.0 1.3 bn HUF 1,000,000 13.0
Slide 12: Montenegro
MONTENEGRO Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers -9.4% -24.5% 1,200,000 +1.1% 8. 0 -0.1 3. 2 -0.7 1,000,000 Telenor 8.0 -0.5 3.2 800,000 38.1% 37.6% 37.7% m:tel (T. Serbia) 7.8 3.0 600,000 T-Mobile 7.6 2.8 -0.2 27.6% 28.1% 28.3% 7.4 2.6 -0.1 400,000 7. 2 2. 4 7.2 2.4 2
Slide 13: Appendix
APPENDIX
Slide 14: Market Position in Hungary
MARKET POSITION IN HUNGARY Total mobile market* Fixed voice market** Subscribers -0.5% Vodafone Subscribers Other 12,000,000 3,500,000 +0.1% Telenor Invitel 10,000,000 22.8% 24.1% 24.8% MT 3,000,000 5.8% 5.8% 3.1% DIGI 12.6% 12.7% 13.2% 2,500,000 UPC 8,000,000 9.7% 10.4% 11.4% 30.0% 28.1% 27.8% MT 2
Slide 15: Magyar Telekom – Consolidated Income Statement
MAGYAR TELEKOM – CONSOLIDATED INCOME STATEMENT HUF million Q2 2015 Q2 2016 Change Mobile revenues 76 873 79 761 3,8% Fixed line revenues 52 645 52 660 0,0% System Integration/Information Technology revenues 18 534 14 255 -23,1% Revenue from energy services 10 443 1 490 -85,7% Revenues 158 495 148 16
Slide 16: Magyar Telekom – Consolidated Balance Sheet
MAGYAR TELEKOM – CONSOLIDATED BALANCE SHEET HUF million December 31, 2016 June 30, 2016 Change Current assets 210 178 197 538 -6,0% Cash and cash equivalents 17 558 14 028 -20,1% Other current financial assets 11 052 13 312 20,4% Non current assets 996 846 967 007 -3,0% Property, plant and equipment
Slide 17: Magyar Telekom – Consolidated Cash Flow Statement
MAGYAR TELEKOM – CONSOLIDATED CASH FLOW STATEMENT HUF million 1-6 months 2015 1-6 months 2016 Change Net cash generated from operating activities 58 479 62 369 6,7% Investments in tangible and intangible assets (35 088) (35 261) -0,5% Adjustments to cash purchases (6 201) (15 144) 144,2% Purchase of
Slide 18: For further questions please contact the IR department
For further questions please contact the IR department: Investor Relations Márton Lennert Phone: +36 1 458-0424 Head of Investor Relations Fax: +36 1 458-0443 Phone: +36 1 457-6084 e-mail: investor.relations@telekom.hu e-mail: lennert.marton@telekom.hu Linda László Gerda Gáti Investor Relations Cons