Telekom Austria Ag · VIE:TKA
Telekom Austria — Q2 2025 Earnings Presentation
20 slides from Telekom Austria's earnings presentation, Jul 22, 2025
Slide 1: Results for Q2 and H1 2025
Draft for internal discussion Results for Q2 and H1 2025 July, 22 2025 1 1
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward-looking statements. These forward-looking statements are usually accompanied by words such as 'believe', 'intend', 'anticipate', 'plan', 'expect' and similar expressions. Actual events may differ materially from those anticipated in these forwa
Slide 3: Summary Q2
A1 Group Summary Q2 ▪ Total revenues +4.1% both from equipment and service revenues ▪ Service revenues +1.8%: growth in CEE overcompensates decline in AT ▪ EBITDA +3.4%, -0.8% adjusted for one-offs and restructuring ▪ FCF EUR 333 mn (+91%) in the first half 2025 ▪ Austria: Strong commercial momentum
Slide 4: Customer development
Customer development Internet@Home Postpaid Mobile Postpaid +4.0% +11.1% 3.922 24.701 300 109 2.138 IoT 3.770 27 53 22.233 -37 30 Q2 2024 AUT International Q2 2025 Q2 2024 AUT International Q2 2025 BBI Cube 'International' comprises the segments Bulgaria, Croatia, Belarus, Slovenia, Serbia and North
Slide 5: Main Financials Q2 2025
Main Financials Q2 2025 Total Revenues Service Revenues EBITDA 1.370 mEUR 1.145 mEUR 521 mEUR 10.3% EBITDA EBITDA excl. One-offs and restr. 7.2% 18.0% 4.1% 7.1% 1.8% 3.4% -0.8% -1.3% A1 Group Austria International -2.8% -7.3% -8.7% A1 Group Austria International A1 Group Austria International *Austr
Slide 6: Service revenue growth on the back of mobile core, broadband, TV, solutions & connectivity
Service revenue growth on the back of mobile core, broadband, TV, solutions & connectivity business Service Revenues 2.253 mEUR +58 (+2.6%) 2.253 2.195 H1 2024 Mobile Core Cubes BB + TV Fixed Voice IC Solutions & VR / NR Other Rev. H1 2025 Connectivity Cubes: NetCubes and Data Boxes. 6
Slide 7: EBITDA growth driven by service revenues and cost efficiencies
EBITDA growth driven by service revenues and cost efficiencies EBITDA 478 mEUR EBITDA 999 mEUR Excl. restruct. +41 and one-offs: (+4.2%) +34 (+3.3%) 999 959 H1 2024 Mobile Fixed & Other Equipment margin Restructuring Other H1 2025 Core OPEX Mobile = Retail mobile service revenues + Visitor and Natio
Slide 8: Free Cash Flow
Free Cash Flow Unless otherwise stated, all amounts Q2 2025 Q2 2024 Δ H1 2025 H1 2024 Δ in EUR mn EBITDA 521 504 3.4% 999 959 4.2% H1 2025 Restructuring charges, cost of labor 18 19 -2.4% 55 41 33.8% obligations Lease paid (principal, interest, prepayments) (101) (96) 5.0% (205) (193) 6.3% Free Cash
Slide 9: Focus Points
Focus Points
Slide 10: Austria: Navigating through a challenging macro and competitive landscape with a customer-centric focus
Austria: Navigating through a challenging macro and competitive landscape with a customer-centric focus • 3rd year of recession ✓ Stabilize customer base • High inflation: 8.6% (2022), 7.8% (2023) and ✓ Churn prevention in fixed and tech- increased price sensitivity agnostic internet@home approach •
Slide 11: Austria: EBITDA impacted as strategic focus on long-term customer retention and strengthening market position persists
Austria: EBITDA impacted as strategic focus on long-term customer retention and strengthening market position persists EBITDA excluding one-off effects and restructuring -21 (-7%) • Slowdown in indexation versus previous 288 year: 2.9% (Apr’25) vs 7.8% (Apr’24) and lack of upselling potential • Serv
Slide 12: Austria: Mobile core net adds on the rise while internet@home segment faces headwinds
Austria: Mobile core net adds on the rise while internet@home segment faces headwinds – market shares remain resilient Internet@home subscriber Net– adds Net adds in mobile mobile core core subscribers trends challenging trending positively I@H I@H <300 mbps BBI >300 mbps Q2 2023 Q4 2023 Q2 2024 Q4
Slide 13: Outlook
Outlook
Slide 14: Revenues and CAPEX outlook
Revenues CAPEX +2-3% ~ € 800 mn p.a. CAPEX ex. Spectrum and M&A 14 15
Slide 15: Appendix
Appendix
Slide 16: Main Financials H1 2025
Main Financials H1 2025 Total Revenues Service Revenues EBITDA 2.685 mEUR 2.253 mEUR 999 mEUR EBITDA EBITDA excl. One-offs and restr. 9.4% 7.7% 15.7% 10.0% 3.9% 2.6% 4.2% 3.3% -1.1% -2.7% A1 Group Austria International -1.8% A1 Group Austria International -6.3% A1 Group Austria International *Austri
Slide 17: Customer development
Customer development Mobile subscribers (in thousand) RGUs (in thousand) Group ARPU and ARPL op.* +1.8% y-o-y 27,122 27,588 28,306 -3.6% 25,949 26,666 6,283 6,293 6,352 6,379 6,395 32% 32% 32% -0.2% 26.6 27.6 31% 31% 86% 85% 86% 87% 87% 44% 44% 44% 44% 44% 11.7 11.7 25% 25% 24% 24% 23% Q2 2024 Q3 20
Slide 18: P&L
P&L Unless otherwise stated, all Q2 2025 Q2 2024 Δ H1 2025 H1 2024 Δ amounts in EUR mn Revenues 1,370 1,316 +4.1% 2,685 2,583 +3.9% Q2 2025 OPEX (849) (812) +4.6% (1,685) (1,624) +3.8% EBITDA 521 504 +3.4% 999 959 +4.2% Core OPEX in Q2 excluding one-offs: Margin 38.0% 38.3% –0.3pp 37.2% 37.1% +0.1pp
Slide 19: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment-grade ratings As of June 30, 2025 Overview (June 30, 2025) Lines of credit (June 30, 2025) Credit ratings • Total financial debt: EUR 979 mn • Total committed lines: EUR 1,315 mn A3/A- • Average cost of debt: 1.69% o Average term to maturity: BBB+/ 1.45 y
Slide 20: Draft for internal discussion
20 20 Draft for internal discussion