Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Investor Presentation (May 2026)
27 slides from Magyar Telekom Telecommunications's investor presentation, May 2026
Slide 1: Magyar Telekom Investor Presentation May 2026
Magyar Telekom Investor Presentation May 2026
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: Magyar Telekom at a glance
Magyar Telekom at a glance Overview 2025 revenue composition Integrated ICT operations Other Mobile voice • Leading telecommunications service provider in both North Macedonia 7% 14% countries 8% • Leading SI/IT service provider in Hungary IT • Offering full spectrum of fixed and mobile services 9%
Slide 4: Financial highlights of 2025
Financial highlights of 2025 Revenue EBITDA AL Adjusted net income Free cash flow 984 bn HUF 387 bn HUF 207 bn HUF 221 bn HUF Earnings per share Dividend per share Share buyback Net debt 233 HUF 154 HUF 50 bn HUF 248 bn HUF 4
Slide 5: Investment Highlights
Investment Highlights
Slide 6: Three-pronged strategy for continued success
Three-pronged strategy for continued success NETWORK & INVESTEMENTS Differentiate via leading network experience by ensuring seamless connectivity CUSTOMERS Grow by monetizing high-quality networks & services that enhance digital life & business with Magenta Advantage, providing outstanding customer
Slide 7: More favourable environment with sector-specific tax removals
More favourable environment with sector-specific tax removals Key macroeconomic indicators • Inflation was 4.4% in 2025 but dropped in Consumption of HH-s Consumption of GOV 2026 (2.1% YoY in April) 20% 17.6% 14.5% Inflation • GDP stagnated YoY in 2025, as moderate 15% 3.7% Net export growth in hous
Slide 8: Strong market leading position
Strong market leading position Mobile voice SIM market share1 Mobile data SIM market share1 % % 60 60 40 40 Stable leading position in the 20 20 Hungarian mobile market 0 0 2019 2020 2021 2022 2023 2024 June 2019 2020 2021 2022 2023 2024 June 2025 2025 Fixed broadband market share2,3 TV market share
Slide 9: Outstanding networks: a critical differentiator
Outstanding networks: a critical differentiator Continuous investment into our fixed network Facilitating growing mobile data usage # of access points (th) Total monthly mobile traffic (GB thousand) 5 000 4 538 4 576 4 730 90 000 4 259 4 374 4 435 4 194 14% 80 000 4 000 20% 17% 31% 23% 70 000 19% 41
Slide 10: Consistent improvement in revenue and profitability
Consistent improvement in revenue and profitability Magyar Telekom revenues Seamless connectivity experience HUF bn 7.9% 7.7% 964 984 1,000 849 Nort Macedonia 800 746 Strong brand, excellent servicing & more- 673 693 Other for-more pricing strategy 600 SI/IT 400 Fixed service Mobile service 90% of E
Slide 11: Sustainable practices underpin strategic initiatives
Sustainable practices underpin strategic initiatives Digitalization of Hungary Climate Protection Digital inclusion & education • 5G coverage Scope 1 & 2 Digital inclusion • Gigabit access • Carbon neutrality (since 2015) • Education platforms • Consultancy • Green energy • Child protection • Energy
Slide 12: Committed to delivering sustainable shareholder value
Committed to delivering sustainable shareholder value Record shareholder remuneration for 2025 Enhanced policy for 2025 and beyond • cash dividend of HUF 136.4 billion (HUF 154 dividend per share) • Target annual shareholder remuneration: 60% - 100% of consolidated adjusted net income, up from 60% -
Slide 13: 2026 guidance
2026 guidance 2025 results Updated 2026 guidance Q1 2026 results (change y-o-y) HUF HUF Revenue low-single-digit growth 983.9 bn 238.1 bn (-1.5%) HUF HUF EBITDA AL 386.8 bn mid-single-digit growth 101.4 bn (+4.0%) HUF HUF Adjusted Net Income 207.4 bn ca 10% growth 58.7 bn (+7.5%) HUF HUF HUF FCF1 22
Slide 14: Q1 2026 Results
a— ZA Q1 2026 Results
Slide 15: Q1 2026: strategic execution driving resilient financial performance
Q1 2026: strategic execution driving resilient financial performance Network & Investments ✓ Continued expansion of fiber footprint ✓ Successful renewal of 2100 MHz frequency license on favorable terms ✓ Expansion of data center capacity support growth and capabilities ✓ Attractive propositions and
Slide 16: Rising data usage drives positive momentum in mobile
Rising data usage drives positive momentum in mobile Mobile SIMs Mobile ARPU +3.3% ‘000 HUF +1.8% M2M Q1 2025 Prepaid Q1 2026 6,464 6,583 Postpaid 4,912 Blended +2.1% 5,014 22.1% 24.3% 7,840 Postpaid +4.0% 19.5% 18.4% 8,152 61.0% 58.5% 1,401 Prepaid +6.8% 1,497 58.4% 57.3% 243 M2M +4.5% 254 March 20
Slide 17: Continued fiber uptake underpinning fixed market growth
Continued fiber uptake underpinning fixed market growth Broadband, TV and fixed voice quarterly customer net adds Fixed voice, BB and TV ARPU Q1 2025 ‘000 ViDaNet decons. impact Q1 2026 HUF 13 12 16 16 13 5,566 7 8 11 8 Fixed BB +3.0% 5,733 -20 -17 -16 -15 -15 -20 -45 4,324 -43 Pay TV +0.5% 4,346 -1
Slide 18: Revenue trajectory affected by lower handset export and IT sales
Revenue trajectory affected by lower handset export and IT sales Revenue, Q1 2025 vs Q1 2026 995 HUF bn 990 -1.5% 985 250 3.5 980 248 975 3.9 0.1 246 970 244 241.6 242 -6.2 240 238.1 238 -3.7 -1.3 0 Q1 2025 Mobile service Fixed service Equipment from Equipment from SI/IT Other Q1 2026 customer sales
Slide 19: EBITDA AL growth supported by gross profit improvement
EBITDA AL growth supported by gross profit improvement EBITDA AL, Q1 2026 vs Q1 2025 HUF bn 4.0% 103 5.3 102 0.1 101.4 101 -1.1 -0.3 -0.1 100 99 98 97.5 0 Q1 2025 Gross profit Employee Other opex Operating income IFRS 16 impact Q1 2026 related expenses • Gross profit growth driven by strong service
Slide 20: Net income growth driven by EBITDA expansion
Net income growth driven by EBITDA expansion Net income (and adjusted net income), Q1 2026 vs Q1 2025 7.5% HUF bn 1.4 60 59.0 58.7 4.0 58 -1.0 0.0 -0.3 0.4 56 54.6 54.2 54 -0.4 0 Q1 2025 Adj. Adj.* Q1 2025 EBITDA D&A Net financial Income tax Non-contr. Q1 2026 Adj.* Q1 2026 Adj. net income result In
Slide 21: Free cash flow improvement reflects EBITDA uplift
Free cash flow improvement reflects EBITDA uplift Free cash flow Q1 2026 vs Q1 2025 Capex AL, Q1 2026 vs Q1 2025 HUF bn HUF bn 40 24.8% 45 15.1 40.4 6.9 40 1.7 35.6 35 17.9% 4.0 -2.0 30 4.6 -0.3 -0.5 25.3 28.5 25 21.5 -3.5 20 0 0 Q1 2025 EBITDA Working Capex Payments Other Q1 2026 Q1 2025 Network No
Slide 22: Appendix
Appendix
Slide 23: Hungary spectrum allocations
Hungary spectrum allocations Band Expiry Bandplan with specific positions (in MHz) 700FDD 2035 • available spectrum 800FDD 2034 • Concurrent use 700FDD 5 10 10 5 900FDD 2037 • Pro • • -M 1500SDL n/a • Yettel 800FDD 10 10 10 1800FDD 2034/2037 • Magyar• Telekom 2100FDD 2035/2047 900FDD 15 10 10 • 4iG
Slide 24: Mobile KPIs
Mobile KPIs Postpaid customers Prepaid customers M2M ‘000 3,774 3,779 3,771 3,790 3,773 ‘000 ‘000 1,524 1,553 1,589 1,598 1,431 1,260 1,253 1,245 1,231 1,212 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Average mobile data us
Slide 25: Fixed KPIs
Fixed KPIs Fixed voice customers Fixed broadband customers Pay TV customers ‘000 ‘000 1,666 1,633 1,649 1,665 1,678 ‘000 1,418 1,381 1,390 1,401 1,409 1,178 1,151 1,134 1,119 1,104 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Slide 26: North Macedonia performance highlights
North Macedonia performance highlights Revenues, Q1 2026 vs Q1 2025 EBITDA AL, Q1 2026 vs Q1 2025 HUF bn HUF bn -3.5% -0.4% 8.1 19.45 0.0 8.1 19.4 19.40 8.0 0.0 19.3 7.9 19.35 0.1 7.8 7.8 19.30 -0.1 0.0 -0.3 0.00 0.0 Q1 2025 Mobile Fixed SI/IT Q1 2026 Q1 2025 Gross profit Indirect costs IFRS 16 impa
Slide 27: 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