Slide 1: First Quarter
FIRST QUARTER April 21, 2022
Slide 2: Strong quarter with solid top- and bottom-line growth
Strong quarter with solid top- and bottom-line growth SEK The Group Sweden B2C (YoY growth*) Q1 22 – EUSR growth of 3% during the quarter driven by – Entered strategic distribution partnership with the Baltics and Sweden B2B Viaplay 4.9bn – Underlying EBITDAaL growth of 6% driven by – Continued stro
Slide 3: Sweden
SWEDEN
Slide 4: Sweden Consumer
Sweden Consumer Mobile postpaid RGU & ASPU Fixed broadband RGU & ASPU Digital TV Cable & Fiber RGU & ASPU Thousand QoQ and YoY growth % Thousand QoQ and YoY growth % Thousand QoQ and YoY growth % +1% +3% +2% +4% +4% +3% +3% 0% +2% +1% +1% +1% +1% -4% -1% +1% 0% -1% +1% +1% +4% +3% +2% +2% +2% -1% -2
Slide 5: Sweden Consumer
Sweden Consumer Mobile EUSR Fixed broadband EUSR Digital TV EUSR SEK million, YoY growth % SEK million, YoY growth % SEK million, YoY growth % +5% +4% +3% +4% -8% -2% -2% -4% +5% -4% +2% +1% 0% +2% 0% -1% -2% -12% -8% -8% -9% -10% 0% -1% -9% 252 244 275 274 267 231 242 230 259 250 +2% +2% +3% +2% 0%
Slide 6: Sweden Business
Sweden Business Mobile RGU & net intake Mobile ASPU End-user service revenue Thousand QoQ and YoY growth % YoY growth % SEK million, YoY growth % -1% -5% -2% +1% +1% +3% +8% +1% +4% +6% +6% -4% -1% +4% +4% +6% +6% -4% 259 277 259 282 274 -6% -6% -10% -5% -7% -10% 234 231 224 221 212 991 1,006 1,037
Slide 7: Sweden overview
Sweden overview End-user service revenue Underlying EBITDAaL & margin Operating cash flow and cash SEK million, YoY growth % SEK million, YoY growth % conversion, rolling 12m, SEK million +4% +7% +5% 0% +1% +4% 0% -3% 0% 0% 39% -5% -2% +1% +1% +3% 37% 36% 66% 65% 66% 64% 65% 946 962 950 977 973 35%
Slide 8: Baltics
BALTICS
Slide 9: Baltics operational highlights
Baltics operational highlights Lithuania – Mobile RGU & ASPU Latvia – Mobile RGU & ASPU Estonia – Mobile RGU & ASPU Thousand QoQ and YoY growth % Thousand QoQ and YoY growth % Thousand QoQ and YoY growth % +10% +11% +9% +12% +12% +7% +8% +9% +9% +7% +8% +7% +3% +5% +2% +3% +3% +3% +4% 0% +3% +3% +5%
Slide 10: Baltics financials
Baltics financials End-user service revenue Underlying EBITDAaL & margin Operating cash flow and cash SEK million, YoY growth % SEK million, YoY growth % conversion, rolling 12m, SEK million +13% +12% +14% +6% +8% +13% +10% +7% 1,521 1,550 +8% +17% 1,495 1,485 1,498 +16% 82% 83% +12% +16% 80% 80% 80
Slide 11: Financial Overview
FINANCIAL OVERVIEW
Slide 12: Group results
Group results Comments SEK million Q1 2022 Q1 2021 1 Underlying EBITDA grew by 6% in the quarter driven by end-user service revenue growth, Revenue 6,744 6,550 cost savings related to the Business Transformation Program and growth within Underlying EBITDA 1 2,798 2,630 Sweden wholesale, partly offse
Slide 13: Group cash flow
Group cash flow Comments SEK million Q1 2022 Q1 2021 1 Capex paid decreased compared to last year which included spectrum Underlying EBITDA 2,798 2,630 payments of SEK –333 million in Items affecting comparability -46 -69 Sweden Amortization of lease liabilities -382 -381 2 Changes in working was ne
Slide 14: Leverage at 1.5x
Leverage at 1.5x Economic net debt to underlying EBITDAaL Comments SEK billion – Economic net debt decreased by SEK 10.0 billion 25.6 compared to end of 2021 driven by the cash proceeds received from the completed T-Mobile Netherlands divestment and the cash generated in 2.5 2.5 2.5 2.5 the quarter
Slide 15: Business Transformation Program update
Business Transformation Program update Annualized run-rate Realized in Q1 2022 Annualized run-rate Q1 2022 target H1 2023 Opex Reduction 140 600 >1,000 SEK million Comments – Continued optimization primarily within the technology and IT organization lead to cost reductions in Q1 2022 – Annualized ru
Slide 16: Key priorities going forward
Key priorities going forward Sweden Ramp up roll-out of nationwide 5G and continue Remote-PHY roll-out Execute on Business Transformation program to achieve at least SEK 1bn in annualized run-rate savings by end of H1 2023 Sweden B2C Execute on phase 2 of FMC with the rebranded Tele2 Continue balanc
Slide 17: Thank you!
THANK YOU!
Slide 18: Slide 18