Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q3 2023 Earnings Presentation
13 slides from Magyar Telekom Telecommunications's earnings presentation, Nov 8, 2023
Slide 1: Magyar Telekom Group Q3 2023 Results Presentation
MAGYAR TELEKOM GROUP Q3 2023 RESULTS PRESENTATION November 8, 2023
Slide 2: Disclaimer
Disclaimer This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should n
Slide 3: Progress achieved against strategic priorities
Progress achieved against strategic priorities 80% gigabit coverage Continued commitment to seamless connectivity 75% readiness of Hungarian across Hungarian fixed network mobile network modernization Signed Memorandum of Understanding for the Digital Transformation of Hungary 50% of customers +33%
Slide 4: Performance against 2023 public targets
PERFORMANCE AGAINST 2023 PUBLIC TARGETS 9M 2023 results 2022 results 2023 guidance Key drivers (change y-o-y) 10%-15% HUF 620.2 bn ▪ Sustained strength of operational performance REVENUE HUF 746.7 bn growth2 (+13.3%) ▪ Inflation-based fee adjustment implemented in March 2023 10%-15% HUF 192.5 bn ▪ T
Slide 5: Sustained demand for mobile data in Hungary
SUSTAINED DEMAND FOR MOBILE DATA IN HUNGARY Mobile SIMs Mobile ARPU ‘000 HUF +4.3% M2M Q3 2022 5,914 6,168 Prepaid 3,856 Q3 2023 Blended +15.6% 16.7% 4,458 12.5% Postpaid 24.0% 21.7% 5,514 Postpaid +20.8% 6,662 63.5% 61.6% 1,316 Prepaid +4.3% 1,372 Q3 2022 Q3 2023 Mobile data SIMs Mobile broadband u
Slide 6: Unlocking value through network leadership in Hungary's fixed market
UNLOCKING VALUE THROUGH NETWORK LEADERSHIP IN HUNGARY’S FIXED MARKET Fixed line multiplay residential subscribers Fixed Voice, BB and TV ARPU ‘000 HUF +3.4% Q3 2022 1,617 1,861 Q3 2023 1,564 Fixed voice +5.9% 14% 1,972 15% 1Play 43% 2Play 3,845 40% Fixed BB +20.5% 4,634 3Play 3,559 45% 43% Pay TV +1
Slide 7: Revenue growth reflects sustained commercial momentum and fee adjustments
REVENUE GROWTH REFLECTS SUSTAINED COMMERCIAL MOMENTUM AND FEE ADJUSTMENTS Revenue, Q3 2023 vs Q3 2022 HUF bn ▪ Demand for mobile data continued to increase +13.3% 3.6 216.2 ▪ Further expansion of broadband and TV customer 7.3 0.8 13.7 -0.1 base 190.9 ▪ Subscription revenue positively impacted by the
Slide 8: EBITDA AL improvement despite cost pressure
EBITDA AL IMPROVEMENT DESPITE COST PRESSURE EBITDA AL, Q3 2023 vs Q3 2022 ▪ Gross profit growth attributable to positive HUF bn 24.8% underlying telecommunication service trends 20.9 73.1 -1.0 -4.6 -0.7 ▪ Increase in revenues driving higher 58.6 supplementary telecommunication tax Q3 2022 Gross prof
Slide 9: Sustained net income growth driven by strong operational results
SUSTAINED NET INCOME GROWTH DRIVEN BY STRONG OPERATIONAL RESULTS Net income (and adjusted net income), Q3 2023 vs Q3 2022 HUF bn 34.5% ▪ Net financial result down due to higher 15.3 7.1 30.0 interest expenses and less favorable -0.8 22.9 20.1 derivative-related fair value changes 17.1 -7.2 -1.0 -0.3
Slide 10: Free cashflow development driven by variance in tax payment schedules
FREE CASHFLOW DEVELOPMENT DRIVEN BY VARIANCE IN TAX PAYMENT SCHEDULES Free cashflow, 9M 2023 vs 9M 2022 CAPEX, 9M 2023 vs 9M 2022 HUF bn HUF bn 29.2 -12.2% 83.0 7.4 15% 72.8 5% 11% 47.4 52.9 7% 10% 5.2 48.6 0.3 48.3 9% 23% 30.5 28% 0.7 51% 5.6 42% 9M 2022 Spectrum 9M 2022 EBITDA Interest& Working Ca
Slide 11: Appendix
Appendix
Slide 12: North Macedonia: Q3 2023 and 9M 2023 results
NORTH MACEDONIA: Q3 2023 AND 9M 2023 RESULTS1 Revenues, Q3 2023 vs Q3 2022 EBITDA AL, Q3 2023 vs Q3 2022 HUF mn HUF mn +12.4% -2.7% 19,908 1,059 8,629 -29 -380 19,368 7,680 -102 -58 -81 Q3 2022 Mobile Fixed SI/IT Q3 2023 Q3 2022 Gross profit Indirect costs IFRS 16 impact Q3 2023 Revenues, 9M 2023 vs
Slide 13: For further questions please contact the IR department
? For further questions please contact the IR department: Diana Párkányi-Várkonyi Rita Walfisch Capital Market Relations Hub Lead Investor Relations Manager Phone: +481-7676 Phone: +36 1 457-6084 e-mail: varkonyi.diana.annamaria@telekom.hu e-mail: walfisch.rita@telekom.hu