Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q1 2016 Earnings Presentation
18 slides from Magyar Telekom Telecommunications's earnings presentation, May 3, 2016
Slide 1: Magyar Telekom Group Q1 2016 Results Presentation
MAGYAR TELEKOM GROUP Q1 2016 RESULTS PRESENTATION MAY 3, 2016
Slide 2: Strategic Highlights: Continuation of 2015 Positive Performance, Boosted by One-offs
STRATEGIC HIGHLIGHTS: CONTINUATION OF 2015 POSITIVE PERFORMANCE, BOOSTED BY ONE-OFFS Revenue declined primarily as a result of the exit from the energy business (excl. REVENUE energy, revenues up by 1.8%) EBITDA growth accelerated to 13.6% year-on-year due to underlying revenue EBITDA growth, bo
Slide 3: Financial Highlights and Targets
FINANCIAL HIGHLIGHTS AND TARGETS Q1 2016 RESULTS vs. Q1 2015 2016 TARGETS 2017 TARGETS REVENUE HUF 145.1 (-7.6%) HUF 580 - 590bn HUF 585 - 595bn Decline due to exit from energy business (excl. energy total revenues up by 1.8%) Group wide mobile data growth due to 4G push offset by Hungarian MTR
Slide 4: Group Segmental Revenue and EBITDA
GROUP SEGMENTAL REVENUE AND EBITDA Group segmental revenues Group segmental EBITDA HUF bn HUF bn +13.6% 160 -7.6% 49 6.1 -0.2 -0.1 0.0 48.2 158 157.0 -11.8 48 156 47 154 One-offs: 46 152 +5.1 bn HUF 150 45 148 44 146 0.1 -0.2 0.0 145.1 43 42.5 144 42 0 0 1Q 2015 Hungary Macedonia Montenegro Eliminat
Slide 5: Hungary
HUNGARY Revenue* EBITDA HUF bn HUF bn +17.3% -8.6% 142 3.1 -14.5 42 3.9 41.3 140 137.6 -4.0 1.2 40 138 0.8 -1.0 0.8 0.4 136 1.4 134 38 0.7 0.4 132 1.0 130 36 35.2 128 125.8 34 126 0 0 1Q Mobile Mobile Mobile Fixed Fixed TV Fixed SI/IT Energy 1Q 1Q 2016 Gross Special tax Employee Other op. 1Q 2016 20
Slide 6: Hungary – Mobile
HUNGARY – MOBILE Mobile RPC Mobile ARPU (HUF) ‘000 HUF -1.7% 6,000 5,463 5,476 5,482 5,504 5,372 Prepaid 1Q 2015 3,345 5,000 Postpaid Blended -3.8% 1Q 2016 3,216 44.9% 44.2% 44.0% 43.6% 42.3% 4,000 ARPU w/o MTR 1,195 3,000 +91 Prepaid -10.8% Blended: +3.5% 1,066 Prepaid: +1.3% 2,000 Postpaid: +0.6%
Slide 7: Hungary – Fixed Broadband and TV
HUNGARY – FIXED BROADBAND AND TV Fixed BB RPC Pay TV RPC ‘000 ‘000 +2.9% +5.4% 964 1,200 1,000 936 941 952 962 972 984 996 1,001 <10Mbps Sat 1,000 950 6% 32% 9% 7% 6% 10Mbps -30Mbps 800 33% 32% 32% 32% Cable 8% 800 >30Mbps IPTV 600 18% 17% 16% 15% 66% 65% 19% 600 68% 67% 68% +56 400 400 +72 49% 50%
Slide 8: Hungary – Fixed Voice and Energy
HUNGARY – FIXED VOICE AND ENERGY Fixed voice RPC Fixed voice ARPU ‘000 -1.7% HUF 1,473 1,472 1,467 1,461 1,448 1,500 PSTN 2,768 32% 27% 23% Blended -6.4% 46% 37% IP based* 2,592 1,000 +314 77% 1Q 2015 500 68% 73% 54% 63% 1Q 2016 0 1Q 2015 2Q 2015 3Q 2015 4Q 2015 1Q 2016 Energy revenues Highlights HU
Slide 9: Hungary – Multiplay
HUNGARY – MULTIPLAY Fixed line multiplay residential RPC development Fixed line multiplay residential ARPU development ‘000 -1.1% 1Play HUF 1,394 1,389 1,387 1,385 1,379 2Play 5,708 1Q 2015 1,400 3Play Blended +2.8% 1Q 2016 5,871 1,200 36% 35% 35% 34% 33% 1,000 2,923 1Play +3.5% 3,025 800 29% 30% 30
Slide 10: Hungary – SI/IT
HUNGARY – SI/IT Total Hungarian IT services market development* Market share* HUF bn % +4.5% Telekom 250 230 218 IT Infrastructure 17% HP 199 208 200 184 193 NISZ services 42% 42% 43% System Integration / 8% Microsoft 150 43% 43% 43% IBM IT Application services 5% 55% 100 4% MVMI 4% Oracle 57% 57% 5
Slide 11: Macedonia
MACEDONIA Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers One (T. Slovenia)* +0.8% -3.3% -1.3% VIP (T. Austria) 2,500,000 12.8 0.3 -0.2 5.1 5.0 -0.3 One.Vip 2,000,000 24.7% 26.1% Telekom 12.7 5.0 52.1% 1,500,000 28.1% 0.0 12.6 4.9 0.1 4.9 27.9% 12.6 1,000,000 +22,932 12.5 4.8 12
Slide 12: Montenegro
MONTENEGRO Financials Mobile KPIs Revenues (HUF bn) EBITDA (HUF bn) Subscribers +1.8% -3.5% -5.8% 1,000,000 7.0 7.0 -0.1 2.5 Telenor 2.4 -0.2 800,000 27.5% 37.8% 37.0% m:tel (T. Serbia) -0.1 2.4 6.9 600,000 T-Mobile 0.1 2.3 37.5% 28.0% 29.0% -0.1 2.3 400,000 6.8 +5,467 6.7 2.2 200,000 35.1% 34.2% 34
Slide 13: Appendix
APPENDIX
Slide 14: Market Position in Hungary
MARKET POSITION IN HUNGARY Total mobile market* Fixed voice market** Subscribers Vodafone Subscribers Other 12,000,000 3,500,000 0.0% Telenor Invitel 10,000,000 22.8% 22.7% MT 3,000,000 5.8% 5.8% 3.1% DIGI 12.6% 12.6% 13.3% 2,500,000 UPC 8,000,000 9.7% 10.1% 11.1% 30.9% 30.5% MT 2,000,000 14.7% 15.8
Slide 15: Magyar Telekom – Consolidated Income Statement
MAGYAR TELEKOM – CONSOLIDATED INCOME STATEMENT HUF million Q1 2015 Q1 2016 Change Mobile revenues 76 938 75 294 -2,1% Fixed line revenues 50 649 51 816 2,3% System Integration/Information Technology revenues 12 581 15 628 24,2% Revenue from energy services 16 789 2 313 -86,2% Revenues 156 957 145 05
Slide 16: Magyar Telekom – Consolidated Balance Sheet
MAGYAR TELEKOM – CONSOLIDATED BALANCE SHEET HUF million Mar 31, 2015 Mar 31, 2016 Change Current assets 197 487 197 391 0,0% Cash and cash equivalents 13 333 12 191 -8,6% Other current financial assets 19 154 15 438 -19,4% Non current assets 971 503 974 590 0,3% Property, plant and equipment - net 4
Slide 17: Magyar Telekom – Consolidated Cash Flow Statement
MAGYAR TELEKOM – CONSOLIDATED CASH FLOW STATEMENT HUF million Mar 31, 2015 Mar 31, 2016 Change Net cash generated from operating activities 25 240 26 242 4,0% Investments in tangible and intangible assets (12 179) (11 619) 4,6% Adjustments to cash purchases (10 734) (15 274) 42,3% Purchase of subsid
Slide 18: For further questions please contact the IR department
For further questions please contact the IR department: Investor Relations Márton Lennert Gerda Gáti Phone: +36 1 458-0424 Head of Investor Relations Investor Relations Manager Fax : +36 1 458-0443 Phone: +36 1 457-6084 Phone: +36 1 457-6036 e-mail: investor.relations@telekom.hu e-mail: lennert.mart