Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q2 2023 Earnings Presentation
13 slides from Magyar Telekom Telecommunications's earnings presentation, Aug 9, 2023
Slide 1: Magyar Telekom Group Q2 2023 Results Presentation
MAGYAR TELEKOM GROUP Q2 2023 RESULTS PRESENTATION August 9, 2023
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: Focus on Strategic Priorities Amid External Challenges
FOCUS ON STRATEGIC PRIORITIES AMID EXTERNAL CHALLENGES #1 CHOICE OF CUSTOMERS ▪ Continued commitment to network 60% developments Population based coverage 11.5GB ▪ Continued customer base expansion average monthly mobile data usage in Q2 2023 DIGITALLY NATIVE BUSINESS (up 26% YoY) ▪ Enhanced digital
Slide 4: Continued Demand for Mobile Data in Hungary
CONTINUED DEMAND FOR MOBILE DATA IN HUNGARY Mobile SIMs Mobile ARPU ‘000 HUF +4.8% M2M Q2 2022 6,089 Prepaid 3,785 Q2 2023 5,811 Blended +16.2% 15.8% Postpaid 4,399 12.0% 24.6% 22.1% 5,406 Postpaid +20.5% 6,516 63.4% 62.0% 1,265 Prepaid +3.9% 1,314 Q2 2022 Q2 2023 Mobile data SIMs Mobile broadband u
Slide 5: Growth in Broadband - The Primary Driver of Fixed Line Performance
GROWTH IN BROADBAND - THE PRIMARY DRIVER OF FIXED LINE PERFORMANCE Fixed line multiplay residential subscribers Fixed Voice, BB and TV ARPU ‘000 HUF +3.6% Q2 2022 1,874 Q2 2023 1,550 1,606 Fixed voice +6.2% 1,990 16% 14% 1Play 2Play 3,777 39% 42% Fixed BB +22.4% 3Play 4,622 3,519 45% 44% Pay TV +14.
Slide 6: Revenue Growth Reflects Sustained Commercial Momentum and Implementation of Fee Adjustment
REVENUE GROWTH REFLECTS SUSTAINED COMMERCIAL MOMENTUM AND IMPLEMENTATION OF FEE ADJUSTMENT Revenue, Q2 2023 vs Q2 2022 HUF bn ▪ Demand for mobile data continued to increase +14.0% 0.2 1.0 2.1 208.1 ▪ Broadband and TV customer base expanded 8.0 14.3 further 182.5 ▪ Subscription revenue positively imp
Slide 7: EBITDA AL Improvement Despite Strong Cost Pressure
EBITDA AL IMPROVEMENT DESPITE STRONG COST PRESSURE ▪ Strong increase in gross profit attributable to positive EBITDA AL, Q2 2023 vs Q2 2022 underlying telecommunication service developments HUF bn 33.5% 4.9 ▪ Supplementary telecommunication tax booked in Q2 19.7 68.6 -6.6 -0.8 2022 in relation to re
Slide 8: EBITDA Improvements Partly Offset by Weaker Net Financial Results
EBITDA IMPROVEMENTS PARTLY OFFSET BY WEAKER NET FINANCIAL RESULTS Net income (and adjusted net income), Q2 2023 vs Q2 2022 HUF bn 110.6% ▪ Net financial results down due to higher 18.0 0.3 3.4 25.7 interest expenses and less favorable derivative- 22.3 10.1 10.6 -5.5 -0.9 -0.3 related fair value chan
Slide 9: Free Cashflow Reflects Changes in External Environment
FREE CASHFLOW REFLECTS CHANGES IN EXTERNAL ENVIRONMENT Free cashflow, H1 2023 vs H1 2022 CAPEX, H1 2023 vs H1 2022 HUF bn -6.8% HUF bn 13.9 52.6 2.9 49.0 32.4 15% 11% 4% 7% 6% 8% 24% 33% 30.8 1.9 7.3 7.0 3.3 0.3 4.0 50% 41% -11.9 44.3 H1 2022 H1 2023 H1 2022 Spectrum H1 2022 EBITDA Interest& Working
Slide 10: 2023 Public Targets
2023 PUBLIC TARGETS H1 2023 results 2022 results 2023 guidance Key drivers (change y-o-y) HUF 404.0 bn ▪ Inflation-based fee adjustment introduced in March 2023 REVENUE HUF 746.7 bn 5%-10% growth (+13.3%) ▪ Continued strong operational performance HUF 119.4 bn ▪ Positive contribution from fee adjust
Slide 11: Appendix
Appendix
Slide 12: North Macedonia: Q2 and H1 2023 Results
NORTH MACEDONIA: Q2 AND H1 2023 RESULTS Revenues, Q2 2023 vs Q2 2022 EBITDA AL, Q2 2023 vs Q2 2022 HUF mn -6.8% HUF mn +6.9% 459 14 142 7,768 19,261 370 -9 17,949 7,265 -1,785 Q2 2022 Mobile Fixed SI/IT Q2 2023 Q2 2022 Gross profit Indirect costs IFRS 16 impact Q2 2023 Revenues, H1 2023 vs H1 2022 E
Slide 13: For further questions please contact the IR department
? For further questions please contact the IR department: Diana Párkányi-Várkonyi Rita Walfisch Capital Market Relations Hub Lead Investor Relations Manager Phone: +481-7676 Phone: +36 1 457-6084 e-mail: varkonyi.diana.annamaria@telekom.hu e-mail: walfisch.rita@telekom.hu