Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q2 2015 Earnings Presentation
18 slides from Magyar Telekom Telecommunications's earnings presentation, Aug 5, 2015
Slide 1: Magyar Telekom Group Q2 2015 Results Presentation
MAGYAR TELEKOM GROUP Q2 2015 RESULTS PRESENTATION AUG 5, 2015
Slide 2: Strategic Highlights
STRATEGIC HIGHLIGHTS On April 1, MTR was cut by 76% resulting in a sharp decline in mobile voice revenues MOBILE Mobile data growth due to attractive device portfolio and strong 4G push almost fully offset revenue loss caused by regulation HUNGARY Successful upgrade campaigns led to higher TV
Slide 3: Market Position in Hungary
MARKET POSITION IN HUNGARY Total mobile market* Fixed voice market** Subscribers Vodafone Subscribers Other 12,000,000 3,500,000 +0.8% Telenor Invitel 10,000,000 22.8% 22.7% Telekom 3,000,000 5.8% 5.8% 5.1% DIGI 13.0% 12.6% 12.7% 2,500,000 UPC 8,000,000 9.2% 9.7% 10.4% 30.9% 30.5% MT 2,000,000 13.5%
Slide 4: Financial Highlights and Targets
FINANCIAL HIGHLIGHTS AND TARGETS 1H 2015 RESULTS 2015 TARGETS 2017 TARGETS roughly stable REVENUE +3.9% roughly stable excluding energy compared to 2014 Group wide mobile data and device sales growth due to 4G push Hungarian MTR cut effective from April 1 Improved fixed line performance in Hun
Slide 5: Group Segmental Revenue and EBITDA
GROUP SEGMENTAL REVENUE AND EBITDA Group segmental revenue Group segmental EBITDA HUF bn HUF bn +4.4% 160 54 1.7 158.5 +5.2% 0.9 -0.6 3.4 -0.4 158 53 4.8 -0.1 -0.2 -0.2 -0.1 52.2 156 52 154 51 151.8 152 50 49.6 0 0 2Q 2014 T-HU T-Systems Maced. Monten. Elim. 2Q 2015 2Q 2014 T-HU T-Systems Maced. Mon
Slide 6: Segmental Overview
SEGMENTAL OVERVIEW
Slide 7: T-Hungary
T-HUNGARY T-Hungary revenue T-Hungary EBITDA HUF bn HUF bn +9.1% +4.3% 116 2.3 115.6 41 0.4 40.8 3.7 -4.5 1.2 115 114 40 0.3 2.0 -0.2 0.3 113 0.9 39 112 1.7 0.4 110.8 111 -0.5 38 37.4 110 109 37 1 0 0 2Q Mobile Mobile Mobile Fixed Fixed TV Fixed Si/IT Energy 2Q 2Q 2014 Gross Special tax Employee Oth
Slide 8: T-Hungary – Mobile
T-HUNGARY – MOBILE Mobile RPC Mobile ARPU (HUF) ‘000 HUF +0.8% 4,898 4,933 4,964 4,948 4,938 5,000 Prepaid 2Q 2014 3,477 Postpaid Blended -4.9% 2Q 2015 4,000 3,306 50.7% 50.4% 50.0% 49.6% 49.0% 3,000 1,303 +104 Prepaid -13.0% 1,133 2,000 49.3% 49.6% 50.0% 50.4% 51.0% 5,741 1,000 Postpaid -5.6% 5,421
Slide 9: T-Hungary – Fixed Broadband and TV
T-HUNGARY – FIXED BROADBAND AND TV Fixed BB RPC Pay TV RPC ‘000 +9.6% ‘000 +3.6% 1,000 922 940 961 1,000 925 934 939 877 887 907 911 8% 8% 8% <10Mbps Sat 11% 9% 800 10Mbps -30Mbps 800 34% 33% 33% 33% Cable 34% >30Mbps IPTV 600 68% 600 69% 69% 20% 19% 19% 19% 18% 68% 69% 400 400 200 200 46% 47% 48% 4
Slide 10: T-Hungary – Fixed Voice, Multiplay and Energy
T-HUNGARY – FIXED VOICE, MULTIPLAY AND ENERGY Fixed voice RPC Multiplay development among residential customers ‘000 ‘000 1Play -0.9% 2Play 1,500 1,421 1,417 1,418 1,408 1,408 2,000 -1.3% PSTN 3Play 1,549 1,524 1,538 1,546 1,529 Annual churn rate 36% IP based* 48% 44% 1,500 57% 1,000 61% 40% 39% 38%
Slide 11: T-Systems
T-SYSTEMS Financials SI/IT revenue and margin Revenues (HUF bn) EBITDA (HUF bn) HUF bn +3.4% -10.1% +2.6% 2.2 28.9 3.8 -0.6 +13.6% 29 3.8 20 18.0 27.9 -0.5 3.6 Revenue 28 15.8 -0.7 0.3 3.4 3.4 15 Gross margin* 27 3.2 10 5.8 5.9 5 0 0.0 0 2Q Mobile Fixed Si/IT 2Q 2Q Gross Other 2Q 2Q 2014 2Q 2015 201
Slide 12: Macedonia
MACEDONIA Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers 0.0% -3.2% 100 One (T. Slovenia)* 14.0 -4.6% 5.2 5.1 -0.6 23.3% 25.1% 25.3% 80 VIP (T. Austria) 13.5 -0.4 0.4 5.0 13.5 5.0 60 28.2% 27.6% 28.1% T-Mobile -0.5 +13,322 0.2 12.9 4.8 40 13.0 4.6 20 48.5% 46.1% 46.6% 12.5 0 2Q
Slide 13: Montenegro
MONTENEGRO Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers +3.4% -6.5% -1.0% 100 Telenor 8.1 3.4 3.4 -0.3 8.0 -0.3 38.2% 38.1% 37.6% m:tel (T. Serbia) 8.0 0.3 8.0 3.3 T-Mobile 7.9 3.2 0.1 3.2 26.4% 28.1% 27.6% 7.8 -0.1 3.1 +2,301 7.7 35.4% 34.2% 34.3% 3.0 7.6 0 2Q 2013 2Q 2014 2
Slide 14: Financials
FINANCIALS
Slide 15: Magyar Telekom – Consolidated Income Statement
MAGYAR TELEKOM – CONSOLIDATED INCOME STATEMENT HUF million Q2 2014 Q2 2015 Change Mobile revenues 77 372 76 873 -0,6% Fixed line revenues 51 533 52 645 2,2% System Integration/Information Technology revenues 14 785 18 534 25,4% Revenue from energy services 8 096 10 443 29,0% Revenues 151 786 158 495
Slide 16: Magyar Telekom – Consolidated Balance Sheet
MAGYAR TELEKOM – CONSOLIDATED BALANCE SHEET HUF million Jun 30, 2014 Jun 30, 2015 Change Current assets 182 923 194 421 6,3% Cash and cash equivalents 13 967 12 812 -8,3% Other current financial assets 14 420 7 313 -49,3% Non current assets 886 558 986 041 11,2% Property, plant and equipment - net 4
Slide 17: Magyar Telekom – Consolidated Cash Flow Statement
MAGYAR TELEKOM – CONSOLIDATED CASH FLOW STATEMENT HUF million Jun 30, 2014 Jun 30, 2015 Change Net cash generated from operating activities 56 216 58 479 4,0% Investments in tangible and intangible assets (33 330) (35 088) 5,3% Adjustments to cash purchases (9 390) (6 201) -34,0% Purchase of subsidi
Slide 18: For further questions please contact the IR department
For further questions please contact the IR department: Investor Relations Phone: +36 1 458-0424 Fax : +36 1 458-0443 e-mail: investor.relations@telekom.hu DISCLAIMER This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about