Orange Belgium Sa · EURONEXT:OBEL
Orange Belgium Sa — H1 2026 Earnings Presentation
16 slides from Orange Belgium Sa's earnings presentation, July 2026
Slide 1: H1 2026 Results presentation
Orange Belgium H1 2026 Results presentation July 2026 1
Slide 2: Disclaimer
Disclaimer This presentation might contain forward-looking statements about Orange Belgium in particular for 2026. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently co
Slide 3: Sustained EBITDAaL growth driven by resilient top-line, value management, and continuous efficiency gains
Sustained EBITDAaL growth driven by resilient top-line, value management, and continuous efficiency gains. Steady net adds despite sustained competitive pressure. Total revenues reached €966.5m, including retail service revenues returning to growth and reflecting a 0.7% increase driven by balanced v
Slide 4: Our strategy in action
01 Our strategy in action Xavier Pichon 4
Slide 5: Leveraging trust to be the preferred digital partner
Leveraging trust to be the preferred digital partner. We trust in our TECH innovation leadership. We lead the market on customer experience. We reinvent our future with a new enterprise model. Committed to people, society & environment 5
Slide 6: We trust in our TECH innovation leadership
We trust in our TECH Ookla® recognizes Orange innovation leadership Belgium as the operator offering the fastest 5G mobile network. Orange Belgium unveils new TV Box for a sustainable, ultra- modern TV experience. ‘Last Mile’ completed (HFC), ultra- fast connectivity to 50.000 additional households
Slide 7: We lead the market on customer experience
We lead the market on hey! named "Brand of the Year customer experience 2026": a historic recognition in its category. Consumer organisation Testaankoop awards hey! telecom with a double “Best of the Test” label win. Orange Belgium strengthens its entertainment portfolio with Disney+. Orange brings
Slide 8: We reinvent our future with a new enterprise model
We reinvent our future with Orange Belgium embraces the a new enterprise model Orange Group platforming and mutualization journey. Optical network upgrade with Nokia to ensure 5G leadership, quantum-resilient security and AI-scale computing. Launch of 2 new AI chatbots on Orange and hey! brands to i
Slide 9: Committed to people, society & environment
Committed to people, society & environment Orange becomes main sponsor of Royale Union Saint Gilloise: a partnership built on shared values and a shared love for football. Orange Belgium raises awareness of the risks of digital abuse in esports. Orange Belgium crowns 6 AI innovators in the 8th Orang
Slide 10: Commercial and financial results
Matthieu Bouchery Commercial and financial results 02 10
Slide 11: H1 2026 key achievements
H1 2026 key achievements Commercial Financial Belgium only Orange Belgium Group Mobile contracts Cable Revenues eCapex excl. M2M customers (excluding licence fees) 3.59m 1.05m €966.5m €184.8m +2.2%yoy +1.3%yoy +0.4% yoy +0.4% yoy Net adds Net adds EBITDAaL Mobile contracts Cable customers excl. M2M
Slide 12: Customer base
Stable commercial performance and customer base growth despite sustained competitive pressure. Belgium only Belgium only Cable Postpaid Mobile postpaid customer base increased by Cable customer base increased by 8k, 41k, driven by improved customer management, bringing total subscribers to 1 047k br
Slide 13: Sustained EBITDAaL growth driven by resilient top-line, value management, and continuous efficiency gains
Sustained EBITDAaL growth driven by resilient top-line, value management, and continuous efficiency gains Orange Belgium Group Orange Belgium Group Revenues EBITDAaL Orange Belgium Group eCAPEX Revenues reached €966.5m, EBITDAaL grew by 10.5% driven by eCapex remained stable, returning to growth and
Slide 14: Guidance | Increased target on EBITDAaL
Guidance | Increased target on EBITDAaL Guidance Former 2026 Guidance Increased Above +5% circa +3.5% target EBITDAaL vs 2025 vs 2025 eCAPEX circa €360m circa €360m 14 14
Slide 15: Questions & Answers
03 Questions & Answers Xavier Pichon Matthieu Bouchery 15
Slide 16: Trust
JN Trust the