Telia Company Ab · OMXSTO:TELIA
Telia Company Ab — Q2 2025 Earnings Presentation
28 slides from Telia Company Ab's earnings presentation, Jul 18, 2025
Slide 1: Telia Company Q2 2025
Telia Company Q2 2025 July 18, 2025
Slide 2: Strengthening our core business
Strengthening our core business Q2 trends shows Momentum in Sweden and Baltics confirmed solid efficiencies Headwinds, as expected, in Norway Active portfolio − TV and Media transaction closed management − MoU for Latvia exit signed with our co-owner − Intention to acquire Bredband2 in Sweden NorthS
Slide 3: Financial highlights
Financial highlights Service revenue: +1.0% Service revenue Like for like growth - Supported by Sweden and the Baltics - Pressure on fixed and mobile wholesale in Norway 1.0% - Mobile increased +0.1% and Fixed increased +1.8% 2025 outlook: ~2% Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Adjusted EBITDA: +6.2% Adj
Slide 4: Sweden
Sweden ARPU Continued solid TV momentum, new Consumer mobile portfolios launched, NPS continues to improve Mobile postpaid Enterprise momentum driven by non-subscription-based revenue. Partnership in mission critical with the 2 19 Swedish Armed Forces joining NorthStar innovation program -7 -12 0.0%
Slide 5: Convergence remains a key priority in Sweden
Convergence remains a key priority in Sweden Convergence as share of base Steady growth in convergence with the total now exceeding 1 million Telia Consumer customers with 2 or 3-play Household churn reduced by ~50% from every additional service added, and NPS increases ARPH growth averaging >5% in
Slide 6: Offer to Bredband2 shareholders
Offer to Bredband2 shareholders Transaction Financials Strategic rationale − Offer values Bredband2 at EV of SEK 3bn − Run-rate synergies > SEK 0.2bn/year − Highly complementary brand in fixed connectivity − Recommended by Board of Bredband2 − Integration costs of c. SEK 0.2bn − Specializing in open
Slide 7: Finland
Finland ARPU Service revenue improved but remained somewhat negative, with enterprise hampered by continued macro Mobile postpaid headwinds and e-invoicing ramp-down -9 Mobile customer losses related to one public sector contract lost in early 2024 -16 -19 -22 -35 +4.0% EBITDA growth accelerated fro
Slide 8: Finland strategic progress
Finland strategic progress What comes next What has happened Focused on growing where profits are ‒ More product portfolio simplification and profitability focus Ambitions Investor Update, Sep 2024 ‒ New management ‒ Reinforce SME and Consumer mobile through selected investments ‒ Improved profitabi
Slide 9: Norway
Norway ARPU Challenging quarter as expected, with weak development on fixed and mobile wholesale Mobile postpaid New fixed services division to increase focus, drive quality and customer experience 5 0 -6 -2 +2.9% Further efficiency measures implemented -13 EBITDA significantly down from lower servi
Slide 10: Norway strategic progress
Norway strategic progress What comes next What has happened Back to growth with organic re- investment Ambitions ‒ Back to growth in Fixed ‒ New organization Investor Update, Sep 2024 ‒ New organization ‒ Fiber upgrades ‒ CPE upgrades and standardization ‒ Key management recruitments ‒ Growth on FWA
Slide 11: Lithuania
Lithuania ARPU Solid commercial development continued across mobile, fixed broadband, TV and ICT Mobile postpaid Mobile service revenue growth remained strong driven by both subscriber base and ARPU 21 +2.5% EBITDA growth accelerated from operational leverage and continued efficiencies 14 9 10 7 CAP
Slide 12: Estonia
Estonia ARPU Long-term IT partner acquired to strengthen the ICT proposition for large corporates Mobile postpaid Stable and solid performance with service revenue and EBITDA growth between 3-4% 8 7 -0.1% Continued strong cash flow contribution from EBITDA growth and CAPEX discipline 0 2 1 Q2 24 Q3
Slide 13: Financials
Financials @
Slide 14: Service Revenue & EBITDA
Service Revenue & EBITDA Service revenue Adjusted EBITDA Like for like growth Like for like growth 2.6% 6.7% 6.2% 1.7% 1.8% 4.1% 1.1% 2.9% 1.0% 1.0% Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Growth was as expected below our full year ambition of ~2% Solid to strong growth across al
Slide 15: OPEX & CAPEX
OPEX & CAPEX OPEX CAPEX excluding spectrum Adjusted EBITDA less CAPEX Like for like growth Reported SEK in billions, R12, booked CAPEX Reported SEK in billions, R12, booked CAPEX excl. spectrum 19.0 -5.1% 17.8 15.2 14.0 12.9 12.6 Q2 24 Resources Marketing Other Q2 25 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3
Slide 16: Free Cash Flow
Free Cash Flow Reported SEK in billions H1 2025 Q2 2025 Q2 2024 Change Adjusted EBITDA 15.8 8.0 7.7 0.2 Restructuring and other adj. items -0.4 -0.3 -0.2 -0.1 Repayment of leasing liabilities -1.6 -0.8 -0.8 0.0 Phasing differences in CAPEX payments Cash CAPEX excl. spectrum -7.1 -3.4 -3.8 0.3 Cash C
Slide 17: Net Debt & Leverage
Net Debt & Leverage Leverage decreased to 2.09x and net debt declined by SEK 1.5bn Net debt and leverage − Strong FCF that more than covered the outgoing dividend Continuing and discontinued operations, reported SEK in billions, leverage ratio − Other items mainly related to Marshall proceeds TV and
Slide 18: Progress on value creation agenda
Progress on value creation agenda Grow FCF per share to Active portfolio Actively manage our Grow DPS and return cover the dividend management balance sheet excess cash to shareholders ‒ EBITDA growth of +6.2% and ‒ TV and Media and Marshall ‒ Leverage further reduced to ‒ Quarterly dividend of SEK
Slide 19: Summary & outlook
Summary & outlook
Slide 20: Summary & Outlook
Summary & Outlook Sweden and Baltics remained strong, high activity to improve revenue trends in Norway and Finland Cost efficiency and profitable growth continue Significant progress in portfolio management 2025 outlook reiterated Service revenue Adjusted EBITDA Like for like growth Like for like g
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Slide 22: Thank you!
Thank you! @
Slide 23: Appendix
Appendix @
Slide 24: Our 2025-2027 financial ambitions
Our 2025-2027 financial ambitions Service revenue* Adjusted EBITDA* CAPEX** Free cash flow*** 2025-2027, CAGR 2025-2027, CAGR 2025-2027 by 2027 SEK SEK 2% 4% <14bn/year >10bn * Based on 2024 as starting point, like for like growth ** CAPEX excl. spectrum and leases (booked) *** Based on the assumpti
Slide 25: Our sustainability progress and ambitions
Our sustainability Net zero emissions in value chain by 2040 progress and ambitions Climate and Zero waste by 2030 circularity Q2 2025 Suppliers responsible for 64% of emissions have approved SBTi targets or equivalent 3 million individuals reached through digital inclusion initiatives by 2027 800,0
Slide 26: Our climate commitments
Our climate commitments 2022 2025 2026 2030 2040 100% renewable electricity in our Short term Science Based Achieve an A score in CDP’s Reduce GHG emissions in the Achieve Net Zero: own operations (achieved already Targets: external climate disclosure. value chain (scope 3) by at least in 2020). 50%
Slide 27: Our key sustainability ratings
Our key sustainability ratings MSCI ESG rating Ecovadis ISS ESG rating Global Child Forum “AAA” (highest) “Platinum supplier” rating -B (Prime status) No. 1 in Sweden, No. 14 among all companies assessed (1,802) CDP Climate Rating Sustainalytics FTSE4Good World Benchmark Alliance B Rated Included Jo
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