Royal KPN NV · EURONEXT:KPN
Royal KPN NV — KPN — FY2018 Earnings Presentation
12 slides from Royal KPN NV's earnings presentation, Mar 29, 2019
Slide 1: Restated Figures 2018
RESTATED FIGURES 2018 29 March 2019
Slide 2: Safe harbor
Safe harbor Alternative performance measures and management estimates This financial report contains a number of alternative performance measures (non-GAAP figures) to provide readers with additional financial information that is regularly reviewed by management, such as EBITDA and Free Cash Flow (‘
Slide 3: IFRS 16
IFRS 16 3
Slide 4: IFRS 16: all leases will be accounted for on-balance
IFRS 16: all leases will be accounted for on-balance KPN applies the full retrospective approach Balance sheet Assets: KPN will recognize a “right-of-use asset” representing its right to use the underlying asset of the lease (€ 871m) Liabilities: KPN will recognize a lease liability for the pres
Slide 5: On balance sheet recognition of all leases
On balance sheet recognition of all leases IFRS 16 balance sheet adjustments Assets (€ m) 01-Jan-18 31-Dec-18 Equity & liabilities (€ m) 01-Jan-18 31-Dec-18 2 Group equity -/- 52 -/- 51 1 Right-of-use asset +971 +871 3 Non-current lease liabilities +930 +825 Deferred tax asset +15 +13 Reversal IAS 1
Slide 6: IFRS 16 figures 2018 adjusted EBITDA
IFRS 16 figures 2018 adjusted EBITDA IFRS 16 IAS 17 (€ m) FY 2018 FY 2018 Revenues 5,639 5,639 Cost of goods & services 1,302 1,302 1 Personnel expenses 1,103 1,141 IT/TI 442 442 2 Other operating expenses 439 569 Operating expenses (excl. D&A) 3,286 3,453 EBITDA 2,353 2,186 Incidentals 16 16 3 Rest
Slide 7: IFRS 16 figures 2018 free cash flow (excl. TEFD dividend)
IFRS 16 figures 2018 free cash flow (excl. TEFD dividend) IFRS 16 IAS 17 (€ m) FY 2018 FY 2018 EBITDA 2,353 2,186 1 Interest received/(paid) (339) (310) Taxes received/(paid) (9) (9) 2 Change in provisions 55 53 3 Change in working capital (4) (7) Other movements (incl. TEFD dividend) 46 46 Net cash
Slide 8: Appendix
APPENDIX 8
Slide 9: Organizational changes segment revenues
Organizational changes segment revenues Old reporting New reporting Adjusted revenues1 FY 2018 FY 2018 Consumer 2,992 2,986 Business 2,143 2,137 Wholesale 618 623 Network, Operations & IT 30 14 Other (incl. eliminations) (144) (121) KPN Group 5,639 5,639 1 Some revenues allocated to Business from Co
Slide 10: IT Services revenues reflecting core portfolio
IT Services revenues reflecting core portfolio moving legacy IT to Fixed Voice Old reporting New reporting Adjusted revenues (€ m) FY 2018 Δ y-on-y FY 2018 Δ y-on-y Communication Services 1,330 -7.9% 1,385 -8.5% Mobile service revenues 502 -6.3% 502 -6.3% IoT 47 3.0% 46 3.6% Broadband & Network serv
Slide 11: Simplified reporting as of Q1 2019 following sale of iBasis
Simplified reporting as of Q1 2019 following sale of iBasis Example revenues Sale of iBasis completed Revenues Consolidated figures No longer reporting on discontinued Consumer operations in segment reporting, Business Wholesale discontinued operations will continue to Network, Operations & IT Other
Slide 12: Contact Information: KPN Investor Relations
Contact Information: KPN Investor Relations +31 70 44 60986 ir@kpn.com ir.kpn.com