Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q4 2013 Earnings Presentation
15 slides from Magyar Telekom Telecommunications's earnings presentation, Feb 27, 2014
Slide 1: Magyar Telekom Group Q4 2013 Results Presentation
MAGYAR TELEKOM GROUP Q4 2013 RESULTS PRESENTATION FEBRUARY 27, 2014
Slide 2: 2013 Group Results – Revenues and EBITDA
2013 GROUP RESULTS – REVENUES AND EBITDA GROUP REVENUES GROUP EBITDA HUF bn +5.0% HUF bn -7.9% 194.8 -12.1 640 5.1 637.5 195 21.7 630 192 620 189 9.8 610 607.1 -12.4 186 14.3 600 -9.0 -2.6 183 -2.9 3.8 -3.7 1.7 179.5 590 180 3.0 580 177 -1.6 570 174 10 0 0 2012 Mobile Fixed Fixed M. non- Equip. SI/I
Slide 3: 2013 Group Results – Capex and FCF
2013 GROUP RESULTS – CAPEX AND FCF GROUP CAPEX GROUP FCF* HUF bn HUF +42.8bn HUF bn HUF -59.1bn 7.2 -1.4 146.1 59.7 -19.9 150 17.5 60 38.0 3.1 45 -15.4 103.3 -10.9 100 -10.7 30 -30.1 15 50 -0.3 0.6 0 6.6 0 -15 2012 License Mac. License Mac. Annual STB Other 2013 2012 Pro-M EBITDA Spectrum Other cash
Slide 4: Public Targets for 2014
PUBLIC TARGETS FOR 2014 2014 TARGETS 2013 RESULTS REVENUE Flat to 3% decline +5.0% Cuts in regulated retail energy prices Spending power in the business sector is expected to remain limited Continued pressure on Macedonian price levels REPORTED 3%-6% decline -7.9% EBITDA Increasing proportio
Slide 5: Q4 2013 Highlights
Q4 2013 HIGHLIGHTS Revenues increased slightly by 0.5%, from HUF 164.9 billion to HUF 165.7 billion Improved market positions REVENUE Higher energy and mobile non-voice revenues Lower Hungarian and Macedonian fixed and mobile voice revenues EBITDA increased by 4.7%, from HUF 37.0 billion t
Slide 6: Q4 2013 Segment Results – Revenues and EBITDA
Q4 2013 SEGMENT RESULTS – REVENUES AND EBITDA SEGMENTS’ REVENUE DEVELOPMENTS SEGMENTS’ EBITDA DEVELOPMENT HUF bn HUF bn 170 42 4.7% +0.5% 3.7 -1.1 3.1 -2.6 168 40 -0.9 -0.1 0.1 38.8 166 1.3 165.7 -1.2 38 164.9 37.0 0.3 164 36 0 34 Q4 2012 T-HU T-Systems Maced. Monten. Elim. Q4 2013 Q4 2012 T-HU T-Sy
Slide 7: Hungary – Fixed Voice Market
HUNGARY – FIXED VOICE MARKET TELEKOM HUNGARY FIXED VOICE SUBSCRIBERS Significant reduction in fixed voice churn due to the Subscribers retention effect of: 2,000,000 -2% – Hoppá package 1,544,831 1,508,670 1,500,000 – 2Play/3Play offers – Retail energy bundling 1,000,000 VoCa Decline in 1Play cu
Slide 8: Hungary – Energy Retail
HUNGARY – ENERGY RETAIL GAS AND ELECTRICITY POINTS OF DELIVERY (POD) RETAIL ENERGY BUSINESS PODs (thousand) 200 Soft launch in 2010, nationwide since April 2012 Gas Electricity Residential customers receive a 3-8% discount to 150 regulated universal service prices on their energy 68.7 67.6 67.6
Slide 9: Telekom Hungary -- Broadband and TV Market
TELEKOM HUNGARY -- BROADBAND AND TV MARKET FIXED BROADBAND SUBSCRIBER BREAKDOWN Subscribers +5% 1,000,000 921,711 874,864 6% 5% Growth in broadband market driven by cable 750,000 28% 30% and fiber Significant ARPU pressure from multiplay 500,000 Fiber Cable BB migration and local pricing 57% 56%
Slide 10: Telekom Hungary – Mobile Market
TELEKOM HUNGARY – MOBILE MARKET TELEKOM SMARTPHONE PENETRATION % of total handsets Improving customer mix: y-o-y increase in 50 % postpaid ratio from 47.3% to 48.5% 41.1 % 40 % Smartphone sales reached 67% of total 31.3 % handsets 30 % Broadband subscription attach rate at ca. 85% 20 % 18.4 %
Slide 11: Macedonia and Montenegro
MACEDONIA AND MONTENEGRO MACEDONIAN MOBILE VOICE MARKET MONTENEGRIN MOBILE VOICE MARKET One (T. Slovenia) Telenor VIP (TKA) Subscribers m:tel (T. Serbia) Subscribers T-Mobile T-Mobile +4% -8% 0% 1,500,000 2,500,000 -6% -14% 24% 22% 1,200,000 0% 2,000,000 24% 24% 40% 20% 26% 900,000 41% 1,500,000 28%
Slide 12: Magyar Telekom – Consolidated Income Statement
MAGYAR TELEKOM – CONSOLIDATED INCOME STATEMENT HUF million 4Q 2012 4Q 2013 Change Mobile revenues 79 709 78 753 -1,2% Fixed line revenues 54 989 54 867 -0,2% System Integration/Information Technology revenues 18 927 18 223 -3,7% Revenue from Energy Services 11 248 13 898 23,6% Revenues 164 873 165 7
Slide 13: Magyar Telekom - Consolidated Balance Sheet
MAGYAR TELEKOM - CONSOLIDATED BALANCE SHEET HUF million Dec 31, 2012 Dec 31, 2013 Change Current assets 215 923 193 941 -10,2% Cash and cash equivalents 15 211 14 633 -3,8% Other current financial assets 53 966 28 615 -47,0% Non current assets 841 921 897 307 6,6% Property, plant and equipment - net
Slide 14: Magyar Telekom - Consolidated Cash Flow Statement
MAGYAR TELEKOM - CONSOLIDATED CASH FLOW STATEMENT HUF million Dec 31, 2012 Dec 31, 2013 Change Net cash generated from operating activities 145 227 131 612 -9,4% Investments in tangible and intangible assets (103 315) (146 122) 41,4% Adjustments to cash purchases 6 701 25 984 n.a. Purchase of subsid
Slide 15: For further questions please contact the IR department
For further questions please contact the IR department: Investor Relations Phone: +36 1 458-0424 Fax : +36 1 458-0443 e-mail: investor.relations@telekom.hu Abbreviations: 3G: third generation, 4G: fourth generation, ARPU: average revenue per user, BB: broadband, CUG: closed user group, HQ: headquart