Slide 1: Orange financial results #Q3_2022
Orange financial results #Q3_2022 25th October 2022 Ramon Fernandez Delegate CEO Finance, Performance and Development 1 Q1 22 Results 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements about Orange's financial situation, results of operations and strategy. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to
Slide 3: Section One: Q3 2022 highlights
Section One Q3 2022 highlights Q3 22 Results 3
Slide 4: Q3 Key highlights
Q3 Key highlights Totem 18% (+3pts yoy) Solid revenue of hosting revenues coming increase in from Europe third parties with Spain back to growth Convergent Scale Up on track ARPO increase >€550m in France, Spain, cumulated net Poland, Belgium indirect costs savings Q3 22 Results 4
Slide 5: Q3 2022 financial achievements
Q3 2022 financial achievements Revenue growth acceleration €10.8bn €3.6bn €1.7bn Revenue +1.0% EBITDAaL +0.2% eCapex +5.2% +€104m yoy +€6m yoy +€86m yoy Q3 2022 revenue growth contribution per segment (yoy in €m) Q3 2022 revenue evolution per activity (yoy in €m) +1.0% +€104m +14.2% +1.7% +8.6% +4.2
Slide 6: Section Two: Business Review
Section Two Business Review 6 Q3 22 Results 6
Slide 7: France
Q3 2022 France Revenues improvement Best Mobile Network in €m Q3 22 yoy cb 9M 22 yoy cb for the 12th consecutive time Revenues 4,465 -1.0% 13,291 -1.5% +2.6% Retail services 2,748 +0.9% 8,214 +1.3% Q3 Retail services Wholesale 1,223 -5.3% 3,678 -8.1% growth excl. PSTN Net Promoter Score** Equipment
Slide 8: Europe
Q3 2022 Europe Retail services acceleration & rebound in equipment sales in €m Q3 22 yoy cb 9M 22 yoy cb Retail services growth acceleration yoy… Revenues 2,764 +3.2% 8,089 +0.1% 1.9% Retail services 1,844 +1.9% 5,487 +1.1% Wholesale 485 +2.0% 1,362 -7.0% Equipment sales 386 10.3% 1,105 2.7% -1.0% M
Slide 9: Spain
Q3 2022 Spain Back to growth Q3 22 yoy cb 9M 22 yoy cb Convergent ARPO growth fuelling continued retail improvement (yoy) in €m Revenues 1,178 +0.2% 3,444 -2.8% 2.4% Retail services 781 -1.4% 2,347 -2.5% Wholesale 237 +4.2% 644 -4.0% -1.4% Equipment sales 159 +2.3% 453 -2.8% Convergence net adds -6.
Slide 10: Africa & Middle East
Q3 2022 Africa & Middle East Cumulated growth in line with full-year objective in €m Q3 22 yoy cb 9M 22 yoy cb Revenues 1,782 +4.2% 5,162 +6.6% 3 solid growth engines Retail services 1,578 +4.9% 4,561 +7.4% Wholesale 173 +1.6% 496 +1.8% Equipment sales 24 -10.8% 79 -4.0% Data +17% yoy +23% yoy Orang
Slide 11: Enterprise
Q3 2022 Enterprise Stable revenues in €m Q3 22 yoy cb 9M 22 yoy cb Sustained IT&IS revenue growth Revenues 1,906 +0.0% 5,795 -0.1% Fixed only services 862 -6.4% 2,600 -6.7% +13% yoy in 9M IT & integration services 817 +6.8% 2,479 +5.3% ▪ 2,600 multi skilled cybersecurity experts Mobile 228 +3.5% 715
Slide 12: Section Three: Guidance
Section Three Guidance 12 Q3 22 Results 12
Slide 13: Guidance 2022
Guidance 2022 Ramp up towards 2023 confirmed 2022 confirmed Growth EBITDAaL, yoy between +2.5 to +3% eCAPEX ≤ €7.4bn Organic Cash Flow (telecom) ≥ €2.9bn Around 2x Net debt / EBITDAaL (telecom) in the medium term Dividend €0.70 The guidance does not include any M&A transaction that has not yet been
Slide 14: Annexes
Annexes 14 Q3 22 Results 14
Slide 15: eCapex
eCapex 64.4m VHBB** connectable lines on track to reach o/w FY 22 decrease 62.6m FTTH connectable lines FTTH connectable VHBB connectable FTTH connectable lines in France lines in Spain lines in Poland +18% +5% +20% 32.3m 16.7m 6.8m 27.4m 15.9m 5.6m 9m 2022 eCapex €5.1bn Q3 21 Q3 22 Q3 21 Q3 22 Q3 2
Slide 16: Convergent B2C customer base in million
Convergent B2C customer base in million % of broadband B2C customer base Convergence, France Spain Poland the bedrock of 53% 86% 68% 5.92 3.03 1.59 5.91 5.91 3.02 3.01 1.58 5.90 1.56 our strategy 2.99 85% 1.55 53% 2.98 5.88 67% 5.91 5.91 5.92 3.03 3.02 3.01 2.99 2.98 1.53 1.59 5.88 5.90 1.53 1.55 1.