Slide 1: ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as
***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 2: Disclaimer
Disclaimer This document and any related conference call or webcast (including any related Q&A session) has been prepared by Telefónica, S.A. (“Telefónica” or the “Company”, and together with its subsidiaries the “Telefónica Group”) exclusively for its use during the presentation of financial result
Slide 3: Q3 Summary
Q3 25 Summary Mr. Emilio Gayo COO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 4: Q3 milestones
Q3 milestones CUSTOMER Next Generation Efficiency driven focus NETWORKS MANAGEMENT 350.2m Fibre 82.6m Industry leading CapEx to Sales ratio +1.6m q-o-q +1.3m PPs q-o-q Continued decline y-o-y Growing Customer Lifetime Value 5G coverage 78% Accelerating portfolio Superior NPS (32) and low churn 1 p.p
Slide 5: Key financial metrics, sustained organic growth
Key financial metrics, sustained organic growth 9M 25 Q3 25 Reported Organic Reported Organic € in millions Reported Reported y-o-y y-o-y y-o-y y-o-y Revenue 26,970 (2.8%) 1.1% 8,958 (1.6%) 0.4% Decreased FX impact in Service revenue 24,427 (2.7%) 1.3% 8,164 (1.4%) 0.6% Q3 reported B2C revenue 16,12
Slide 6: Q3 Operating Business
Q3 25 Operating Business Mr. Emilio Gayo COO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 7: Spain: Solid momentum fueling the growth
Spain: Solid momentum fueling the growth Net adds (k) Convergent KPIs • Growth acceleration in all main accesses FBB Postpaid Convergent Pay TV - Record FBB and Contract base ARPU (€) Churn (%) +2.4% +2.8% +1.0% +7.0% Accesses y-o-y - Best churn and portability ratios - Best convergent net adds in 6
Slide 8: Brazil: EBITDA growth strengthened by high-value accesses and efficiencies
Brazil: EBITDA growth strengthened by high-value accesses and efficiencies Net adds (k) KPIs (local currency) • Quality accesses growth: - Vivo Total (fully convergent) +53% FTTH Contract FTTH ARPU Contract ARPU - 5G Take-up 26% (+9.3 p.p. y-o-y) +12.7% +6.2% Accesses y-o-y FTTH Churn Contract Churn
Slide 9: Germany: Solid core momentum while 1&1 migration weighs on results
Germany: Solid core momentum while 1&1 migration weighs on results Net adds (k) ARPU (y-o-y) • Solid commercial traction - Continued own brand momentum Postpaid Fixed BB IoT O2 Postpaid Fixed BB - Fixed trading back to growth +4.3% (0.6%) +28.6% Accesses (y-o-y) - Higher level of promotional activit
Slide 10: VMO2: Continuing to balance volume with value
VMO2: Continuing to balance volume with value Net adds (k) ARPU (y-o-y) • Improved commercial trading, mobile contract and fixed-line Postpaid Fixed BB Postpaid Fixed BB • Launch of giffgaff broadband; new F2M -1.6% -1.9% Accesses (y-o-y) convergence offering, • Fixed footprint: 18.7m UBB PPs 16 2.2
Slide 11: Hispam: Acceleration of portfolio simplification
Hispam: Acceleration of portfolio simplification Net adds (k) FTTH premises passed (m) • Accelerating growth in high value FBB Contract accesses +1.9% +2.0% Accesses y-o-y - COL: quality improvement, MEX: sustained performance, CHI: better portability 125 - Completed migration to FTTH (99% of FBB) 6
Slide 12: Q3 Financials / ESG
Q3 25 Financials / ESG Mrs. Laura Abasolo CFCO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 13: 2025 Guidance: Operational guidance on track with new FCF expectations
2025 Guidance: Operational guidance on track with new FCF expectations Revenue EBITDA EBITDAaL-CapEx CapEx / Sales FCF (continuing operations) Organic growth Organic growth Organic growth < 12.5% organic ~€1.9bn +1.1% y-o-y +0.9% y-o-y +0.9% y-o-y 11.8% €414m €0.30 DPS Slightly higher 18th Dec-25 (€
Slide 14: 2025 FCF expectations
2025 FCF expectations Lower FCF expected for 2025 mainly from different timing in cash inflow from tax case and litigations won and impacts from transitioning Hispam perimeter changes ▪ Cash foreseen in 2025 to be received later than expected €2.7bn €2,634m - Tax refund from goodwill case (won and P
Slide 15: Financial profile
Financial profile Net Financial Debt ND/EBITDAaL ND/EBITDAaL 2.58x 2.87x 27,161 1,314 (834) 803 28,233 (€0.7bn) (211) (€1.1bn) ~€26.5bn Shareholder Net financial FX & Uruguay, Colombia, Sep-25 Dec-24 FCF total1 Sep-25 Remuneration divestments Others Ecuador Fibrasil Post closing 2 FCF € in millions
Slide 16: Creating value through responsible digitalisation
Creating value through responsible digitalisation Environmental Social Governance Hedging energy costs via renewables Investing in resilient networks Transparency in Sustainable Finance Long-term model implemented in all main markets €77bn of SDG aligned investments since 2015 Bond Report published
Slide 17: Key takeaways
Key takeaways Mr. Emilio Gayo COO ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA.
Slide 18: Closing remarks
Closing remarks Q3: focus on execution Capital Markets Day at 12:00 pm CET ***Este documento está clasificado como USO INTERNO por 13 TELEFÓNICA.
Slide 19: Bloomberg ESG Score #2 in sector
Bloomberg ESG Score CDP 2024 ISS ESG Corporate Sustainalytics ESG Social Benchmark #2 in sector Climate A #1 in sector Rating Industry Top Rated 1st company worldwide List 2024 #1 in sector 2025 2024 For further information, please contact: FOLLOW US: Investor Relations Torsten Achtmann (torsten.ach