Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q1 2025 Earnings Presentation
13 slides from Magyar Telekom Telecommunications's earnings presentation, May 14, 2025
Slide 1: Magyar Telekom Group Q1 2025 Results Presentation
Magyar Telekom Group Q1 2025 Results Presentation May 14, 2025
Slide 2: Disclaimer
Disclaimer This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should n
Slide 3: Delivery against strategic objectives
Delivery against strategic objectives Network & Investments • 58,000 fiber access points added, increasing the gigabit coverage ratio of the Hungarian fixed network to 84% • Population-based outdoor 5G coverage at ~77% Customers • 24,000 new fiber broadband customers • Over 1.4 million Magenta Momen
Slide 4: Growing mobile data usage drives momentum in mobile segment
Growing mobile data usage drives momentum in mobile segment Mobile SIMs Mobile ARPU +3.3% ‘000 HUF +2.2% M2M Q1 2024 Prepaid 6,324 6,464 4,439 Q1 2025 Postpaid Blended +10.7% 4,912 18.8% 22.1% 6,793 20.6% 19.5% Postpaid +15.4% 7,840 61.0% 58.5% 1,280 Prepaid +9.4% 1,401 60.5% 58.4% 251 M2M -3.5% 243
Slide 5: Fiber uptake fuels fixed market growth
Fiber uptake fuels fixed market growth Fixed voice, BB and TV customers Fixed voice, BB and TV ARPU Q1 2024 HUF Q1 2024 ‘000 +4% Q1 2025 Q1 2025 2,010 1,666 -1% Fixed voice +3.6% 2,082 1,433 -6% 4,955 Fixed BB +12.3% 1,251 5,566 1,609 1,418 1,178 4,174 Pay TV +3.6% 4,324 Fixed voice Broadband TV • H
Slide 6: Revenue growth reflects inflation-based fee adjustment and positive operational developments
Revenue growth reflects inflation-based fee adjustment and positive operational developments Revenue, Q1 2025 vs Q1 2024 HUF bn +7.8% 245 2.3 0.4 241.6 4.6 240 11.3 -1.1 235 230 224.2 225 0 Q1 2024 Mobile service Fixed service Equipment SI/IT Other Q1 2025 • Service revenue growth driven by continue
Slide 7: EBITDA AL growth driven by strong gross profit momentum and expiry of the supplementary tax
EBITDA AL growth driven by strong gross profit momentum and expiry of the supplementary tax EBITDA AL, Q1 2025 vs Q1 2024 HUF bn 110 26.7% 8.9 100 0.4 97.5 14.6 -3.2 -0.1 90 80 77.0 0 Q1 2024 Gross profit Supplementary Employee Other operating IFRS 16 impact Q1 2025 telecommunication tax related exp
Slide 8: Significant rise in net income driven by EBITDA growth
Significant rise in net income driven by EBITDA growth Net income (and adjusted net income), Q1 2025 vs Q1 2024 HUF bn +43% 60 2.6 20.6 54.2 0.4 54.6 50 -0.1 -2.6 -0.2 40 38.1 33.7 -4.4 0 Q1 2024 Adj. Adj.* Q1 2024 EBITDA D&A Net financial Income tax Non-contr. Q1 2025 Adj.* Q1 2025 Adj. net income
Slide 9: Positive trends in EBITDA and working capital changes drive strong free cash flow
Positive trends in EBITDA and working capital changes drive strong free cash flow Free cash flow excluding spectrum licenses, Q1 2025 vs Q1 2024 HUF bn 40 11.8 30 1.1 28.5 20.6 -4.2 20 10 0 -0.9 -10 Q1 2024 EBITDA Other operating CF Investing CF Repayment of Q1 2025 lease liabilities • Strong increa
Slide 10: 2025 guidance reaffirmed
2025 guidance reaffirmed 2024 results 2025 guidance Q1 2025 results change y-o-y HUF HUF Revenue 967.5 bn ca 1-3% growth 241.6 bn (+7.8%) HUF HUF EBITDA AL 333.1 bn ca 12-15% growth 97.5 bn (+26.7%) HUF HUF HUF Adjusted Net Income 162.6 bn ca 190 bn 54.6 bn (+43.4%) HUF HUF HUF FCF1 165.1 bn ca 180
Slide 11: For further questions please contact the IR team
For further questions please contact the IR team Diána Párkányi-Várkonyi Capital Market Relations Hub Lead Phone: +36 1 481-7676 Email: varkonyi.diana.annamaria@telekom.hu Rita Walfisch Investor Relations Manager Phone: +36 1 457-6084 Email: walfisch.rita@telekom.hu
Slide 12: Back-up
Back-up
Slide 13: North Macedonia performance highlights
North Macedonia performance highlights Revenues, Q1 2025 vs Q1 2024 EBITDA AL, Q1 2025 vs Q1 2024 HUF bn +3.1% HUF bn +5.4% 9,600 239 8,600 852 19,421 9,400 8,400 408 -56 9,200 8,200 8,080 9,000 8,000 -435 -1 18,830 7,800 8,800 7,664 7,600 0 0 Q1 2024 Mobile Fixed SI/IT Q1 2025 Q1 2024 Gross profit