Telecom Argentina Sa Class B · BCBA:TECO2
Telecom Argentina Sa Class B — Q1 2018 Earnings Presentation
28 slides from Telecom Argentina Sa Class B's earnings presentation, May 2018
Slide 1: Telecom Argentina Earnings Release May 2018
TELECOM —_——— TELECOM ARGENTINA Earnings Release May 2018
Slide 2: Disclaimer
DISCLAIMER This presentation may include statements that could constitute forward-looking statements, including, but not limited to, the Company's and it’s management expectations for the Company's future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity a
Slide 3: Disclaimer
DISCLAIMER The merger between Telecom and Cablevision was considered an inverse acquisition under IFRS 3 (Business Combinations], with Cablevisidn being the surviving entity for accounting purposes. Thus, for the purposes of preparing the consolidated financial statements of Telecom Argentina as of
Slide 4: Agenda
AGENDA MACRO AND INDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS FINANCIALS Q&A
Slide 5: Agenda
AGENDA TP JMACROANDINDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS FINANCIALS Q8&A
Slide 6: Mean 1Q18 = 19.68 Mean 1Q17 = 15.68
20,14 Mean 1Q18 = 19.68 Mean 1Q17 = 15.68 15,85
Slide 7: Household Consumption
= HOUSEHOLD CONSUMPTION Revisecoficielfiguresesof1Qi8 Overall household consumption recovered strongly during the last quarters of 2017, and continues to show ' ' ' 56% 33% a stable trend during 1018. According to Consumer || a Confidence Index, consumers are still maintaining a = ' cautious stance
Slide 8: Agenda
AGENDA | MACRO AND INDUSTRY OVERVIEW T[psovesarcy BUSINESS HIGHLIGHTS FINANCIALS Q8&A
Slide 9: Company Transformation
COMPANY TRANSFORMATION COTES CORES CULTURAL NETWORK CAPACITY SERVICES TRANSFORMATION VISION, KEYS FOR SUCCESS STRATEGY [>] v bestservice, experience and video content & v network with major market satisfaction fe) 260 v processand software adequacy v customer centric culture — NPS leader C® VY big d
Slide 10: Consumption Habits
Consumption Habits On Typical Demand Tablet Desktop Smartphone Traditional TV Notebook Solid and exponential growth of average speeds Source: Ericsson ConsumerLab, Tv y Medios, 2017
Slide 11: Next Steps
“Z0-—-3NZC7 ommZaz>w NEXT STEPS FRONT END NETWORK SAP integration, CRM implementation, Preferred Network, . Capex Optimization, New ERP platform, Big Data, ; Deployment of new sites Processes integration Customer Centric and fiber optic > accenture ; ; k GPVlocity’ NOKIA Bell Labs 10
Slide 12: Agenda
AGENDA | MACRO AND INDUSTRY OVERVIEW | [ I VISION & STRATEGY T[psnesncnucis ||| FINANCIALS ||] Qaa
Slide 13: 1Q18 Highlights and Corporate Matters
A 427% YoY Navara) P$ 30.7 bn lint +$6.6bn EBITDA P$11L8bn Margin:38% Fixed Voice ARBU: $198 Broadband ARPU: $578 ARPU Pay TV ARPU: $637 Mobile ARPU: $161 Mobile subs Broadband: 4,1 mm ft * fq at SU BSCRIBERS in Argentina :19.5 mm 10.5mm Fixed Voice:37mm PayTV:35mm [| 4G CLIENTS > Telecom issued 1,1
Slide 14: Transaction Summary and Capital Ownership
TRANSACTIO! MMARY Y Telecom Argentina S.A. incorporated Cablevision S.A. in an all stock transaction V Telecomissued 1,184.5 mm new shares for Cablevision S.A. shareholders V All resulting company share classes have equal economic and voting rights v Original Telecom shareholders kept 45% of the com
Slide 15: Consolidated Proforma Figures 1Q17 vs 1Q18
1Q17* 1Q18 Δ In P$ Million Consolidated Proforma figures Figures may not sum up due to rounding
Slide 16: Monthly Unique Users and MBOU
41% 55% 59% 45% Figures may not sum up due to rounding Monthly Unique users and MBOU over Monthly unique users that consume more than 10Mb
Slide 17: Mobile 4G Evolution
MOBILE 4G EVOLUTION 4G SUBSCRIBERS DATA TRAFFIC oo @ 97 10.5 4G Data Traffic over Total 14 87 Data Traffic 65 l | 7 DATA CONSUMPTION 1Q17 2Q17 3Q17 4Q17 1018 A 4G Sub: aa 2.6 GB xz isieyem) 4G coverage over total country population Average non-4G - Subs Data traffic 4G coverage in capitalcities LATA
Slide 18: Internet Services
NTERNET SERVICES Differentiation hrough Customer xperience TOTAL BROADBAND SUBSCRIBERS In Million 1Q17 41 1a18 UBB SUBS In Thousand 325 1aQ17 1,010 791 219 1018 mAret m Fibertel 578 1a18 7
Slide 19: In Million In Thousand In Million
In Million In Thousand In Million 1.4 6.0% 750 1.2 5.0% 1 650 4.0% 550 0.8 3.0% 0.6 450 2.0% 0.4 350 0.2 1.0% 250 0.0% 0
Slide 20: In P$ Million In Million
In Million In P$ Million ∆ 220 7.0% 200 6.0% 5.0% 180 4.0% 160 3.0% 140 2.0% 120 100 1.0% 0.0% ► → ► →
Slide 21: PP&E and Intangible Assets
Million of P$ PP&E Intangible Assets % REVENUES
Slide 22: Agenda
AGENDA MACRO AND INDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS Tene ||] Qaa
Slide 23: Consolidated Proforma Figures
18000.0 39% 16000.0 14000.0 37% 12000.0 35% 10000.0 33% 8000.0 31% 6000.0 29% 4000.0 2000.0 27% - 25% Consolidated Proforma figures
Slide 24: Consolidated Proforma Figures
∆ Consolidated Proforma figures
Slide 25: Consolidated Proforma Figures
Consolidated Proforma figures
Slide 26: Consolidated Proforma Figures in USD Million
In USD Million Consolidated Proforma figures
Slide 27: Agenda
AGENDA MACRO AND INDUSTRY OVERVIEW VISION & STRATEGY BUSINESS HIGHLIGHTS FINANCIALS | 26
Slide 28: Investor Relations Contact
TELECOM Investor Relations Contact Telephone: (5411) 4968 3628 E-mail: relinver@teco.com.ar