Orange Sa · EURONEXT:ORA
Orange Sa — Q1 2021 Earnings Presentation
17 slides from Orange Sa's earnings presentation, Apr 22, 2021
Slide 1: Orange financial results #Q1_2021
Orange financial results #Q1_2021 April, 22nd 2021 Ramon Fernandez Deputy CEO, Finance, Performance and Development 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements about Orange's financial situation, results of operations and strategy. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to
Slide 3: Section One: Q1 2021 highlights
Section One Q1 2021 highlights 3
Slide 4: Q1 key achievements
Q1 21 key achievements FTTH France Enterprise Highest broadband 49.3m quarter in Q1 since IT&IS revenues growth at connectable homes 2016 with+94K net adds +6.4% yoy in Q1 Driven by Cloud (+5%), 5G Mobile Financial Services Cyberdefense (+16%) & Strong appetite for 5G Growing customer base, Digital
Slide 5: Q1 financial achievements
Revenue Q1 21 € 10.3 bn Back to growth despite unfavourable comparable basis financial +0.5% yoy in Q1 due to the crisis achievements EBITDAaL € 2.6 bn Stabilisation Roaming impact: -42m€ yoy -0.3% yoy in Q1 eCapex yoy : comparison with the same period of the previous 1.8 bn year, on a comparable ba
Slide 6: Section Two: Business review
Section Two Business review 6
Slide 7: Q1 2021 France
Q1 2021 France Strong performance on convergence & fiber in €m Q1 21 Q1 20 cb yoy cb Revenues 4,404 4,415 -0.2% Retail services 2,688 2,692 -0.2% Solid retail services trend Convergent services* 1,154 1,137 +1.5% Mobile only services 559 563 -0.7% +0.1% yoy Fixed only services 975 993 -1.8% Retail r
Slide 8: Q1 2021 Europe
Q1 2021 Europe Solid commercial performance. Other European Countries growing +2.2% yoy in €m Q1 21 Q1 20 cb yoy cb Revenue evolution (in €m) Revenues 2,583 2,646 -2.4% Retail services 1,727 1,808 -4.5% Convergent services* 666 690 -3.6% Mobile only services 719 772 -6.9% -94 -3 9 Fixed only service
Slide 9: Q1 2021 Spain
Q1 2021 Spain Positive net adds for the 3rd quarter in a row, despite fierce competition in €m Q1 21 Q1 20 cb yoy cb Revenues 1,188 1,282 -7.4% 85% Convergence as % of broadband B2C customer base Retail services 818 910 -10.2% Convergent services* 469 517 -9.4% Mobile only services 231 267 -13.6% 84
Slide 10: Q1 2021 Africa & Middle East
Q1 2021 Africa & Middle East Strong performance confirmed in €m Q1 21 Q1 20 cb yoy cb >130m mobile customers Revenues 1,488 1,389 +7.1% Retail services 1,301 1,185 +9.8% Mobile only services 1,137 1,047 +8.5% Fixed only services IT & integration services 160 4 131 6 +21.8% -31.2% 36.1m +36% +22% Dat
Slide 11: Q1 2021 Enterprise
Q1 2021 Enterprise Ongoing recovery in IT&IS revenues brings back top-line growth in €m Q1 21 Q1 20 cb yoy cb IT&IS share in total revenues: 40.3% Revenues 1,907 1,900 +0.4% (vs. 38.1% in Q1 20) Fixed only services 918 953 -3.7% Voice 288 303 -4.9% Data IT & integration services 630 769 650 723 -3.2
Slide 12: Section Three: Guidance
Section Three Guidance 12
Slide 13: Guidance 2021 confirmed
Guidance 2021 confirmed 2021e 2021e before tax refund After tax refund allocation allocation EBITDAaL, yoy Around +1% Flat - eCAPEX yoy ~ €7.3 bn € 7.6 -7.7bn Organic Cash Flow > €2.6bn > €2.2bn (telecom)* Net debt / EBITDAaL Around 2x in the medium term Around 2x in the medium term (telecom) Divide
Slide 14: Section Four: Q&A
Section Four Q&A 14
Slide 15: Annexes
Annexes 15
Slide 16: Convergent B2C customer base in million
Convergent B2C customer base in million % of broadband B2C customer base Convergence, France* Spain Poland the bedrock of 5.85 2.99 2.95 2.96 3.00 3.01 1.50 5.84 1.48 1.44 our strategy 5.82 54% 85% 85% 66% 5.80 5.80 1.41 1.39 55% 63% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20
Slide 17: The Group has kept consolidating its European leadership in FTTH
The Group has kept consolidating 50.4m VHBB* connectable lines its European o/w leadership position 49.3m FTTH connectable lines in FTTH FTTH connectable FTTH connectable FTTH connectable lines in France lines in Spain lines in Poland +37% +4% +18% 24.4m 15.0m 5.2m 17.8m 14.5m 4.4m Q1 20 Q1 21 Q1 20