Slide 1: FY 2024 Financial Results
Orange Belgium 7 February 2025 FY 2024 Financial Results Orange Restricted
Slide 2: Disclaimer
Disclaimer This presentation might contain forward-looking statements about Orange Belgium in particular for 2024. 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: Section one: Lead the Future
Section Lead the one Future 3 Orange Restricted
Slide 4: Lead the Future: 2024 on track to deliver our strategy
Lead the Future_: 2024 on track to deliver our strategy Leadership Through Core Excellence in Operations Durability of Enterprise Assets Customer Obsession by Model Technology, Brands and Design We care for People Value Propositions Orange Belgium has taken the leadership as 100% nationwide New Oran
Slide 5: Our Integration is on track and has led to significant synergies in 2024
Our Integration is on track and has led to significant synergies in 2024 Integration of VOO Synergies successfully achieved VOO mobile customers on Orange Network One Operator One Team One Customer Real Estate Integration of Common teams. Brand and Purchasing multibrand Harmonization of customer com
Slide 6: Section two: Commercial and Financial Results
Section Commercial two and Financial Results 6 Orange Restricted
Slide 7: FY 2024 Key achievements
FY 2024 Key achievements Revenues Commercial Financial Belgium Cable €1 993.7m Belgium +1.7% yoy1 customers EBITDAaL Mobile contracts excl. M2M 1.02m €544.3m +3.5%yoy +10.1% yoy1 3.47m Belgium eCapex +4.4%yoy1 (excluding licence Net adds fees) Belgium Cable customers €368.0m Net adds +1.4% yoy1 Mobi
Slide 8: Cable and Mobile Postpaid customer base and net adds
Cable and Mobile Postpaid customer base and net adds VOO figures included as of H2 2023 Cable customers in thousands Postpaid mobile customers in thousands 38 39 71 74 74 61 29 26 26 46 22 21 41 36 39 17 17 33 1.004 1.021 3.393 3.467 987 3.320 2.775 2.811 2.850 2.681 2.743 2.641 443 464 394 417 366
Slide 9: Full-Year 2024 revenues growing by 1.7% on a comparable basis
Full-Year 2024 revenues growing by 1.7% on a comparable basis Comparable Revenues evolution (€ m) +1.7% +10.9 -17.7 +5.1 +1,993.7 -31.1 +2.6 +50.1 +12.7 +1,961.1 FY 2023 convergent mobile services fixed services IT & integration wholesale equipment sales Other FY 2024 services services 9 Orange Rest
Slide 10: Full-Year 2024 EBITDAaL growing 10.1% on a comparable basis
Full-Year 2024 EBITDAaL growing 10.1% on a comparable basis Comparable EBITDAaL evolution (€ m) +10.1% -3.7 +544.3 -2.0 +23.0 +32.6 +494.3 FY 2023 Revenues Direct costs Labour Indirect costs FY 2024 10 Orange Restricted
Slide 11: Full-year eCapex increasing by 1.4% yoy
Full-year eCapex increasing by 1.4% yoy Comparable eCapex evolution(€ m) excluding spectrum fees +1,4% 363 368 2023 2024 11 Orange Restricted
Slide 12: Revised Guidance 2024 achieved
Revised Guidance 2024 achieved 2024 Guidance Initial guidance Revised guidance FY 2024 EBITDAaL €515m - €535m Slightly exceed €535m eCapex* €365m - €385m €365 - €385m * Excludes payment of licence fees 12 Orange Restricted
Slide 13: Section three: 2025 Guidance
Section 2025 three Guidance 13 Orange Restricted
Slide 14: 2025 guidance
2025 guidance 2025 Guidance EBITDAaL €545 - €565m eCapex* €365 - €385m * Excludes payment of licence fees 14 Orange Restricted
Slide 15: Section four: Q&A
Section four Q&A 15 Orange Restricted
Slide 16: H2 revenues growing by 0.9% yoy
H2 revenues growing by 0.9% yoy Comparable Revenues evolution (€ m) +0.9% +21.0 Convergent service +23.2 -22.1 +1,016.1 +12.0 Fixed & IT service +9.6 +1,007.6 -14.2 Mobile only service H2 2023 Retail service revenues Wholesale Equipment sales H2 2024 revenues + Other revenues 16 Orange Restricted
Slide 17: H2 EBITDAaL increase by 7.0%
H2 EBITDAaL increase by 7.0% Comparable EBITDAaL evolution (€ m) +7.0% +8.5 -3.9 +291.4 +21.0 -2.8 Retail +17.1 service +272.4 +9.6 Equipment and other -22.1 Wholesale H2 2023 Revenues Direct Labor Indirect H2 2024 costs costs costs 17 Orange Restricted