Deutsche Telekom AG · XETR:DTE
Deutsche Telekom — Q4 2020 Earnings Presentation
40 slides from Deutsche Telekom's earnings presentation, Feb 22, 2021
Slide 1: Backup Q4 2020 Deutsche Telekom
BACKUP Q4 2020 DEUTSCHE TELEKOM Q4 2020 Check out our IR website www.telekom.com/investor-relations for: ▪ This backup in .pdf and excel-format ▪ The IR calender ▪ Detailed information for debt investors ▪ Shareholder structure ▪ Corporate governance For further information on the business units ple
Slide 2: Content
X27AO416 CONTENT DT GERMANY At a Glance 3 Financials 22 Operationals & Mobile Communication KPIs 23 DT GROUP Additional information 24 Adjusted for special factors 6 As reported 7 UNITED STATES EBITDA Reconciliation 8 Financials 29 Special Factors in the consolidated income statement 9 Operationals
Slide 3: DT Group at a Glance
DT GROUP Back to Content AT A GLANCE Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % REVENUE Germany 6.223 5.830 5.850 5.839 6.260 0,6 23.730 23.779 0,2 United States 1 10
Slide 4: DT Group at a Glance II
DT GROUP Back to Content AT A GLANCE II Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % EBITDA AL MARGIN (ADJUSTED FOR SPECIAL % FACTORS) (EBITDA AL / TOTAL REVENUE) Germa
Slide 5: Content
X27AO416 CONTENT DT GERMANY At a Glance 3 Financials 22 Operationals & Mobile Communication KPIs 23 DT GROUP Additional information 24 Adjusted for special factors 6 As reported 7 UNITED STATES EBITDA Reconciliation 8 Financials 29 Special Factors in the consolidated income statement 9 Operationals
Slide 6: DT Consolidated Income Statement Adjusted for Special Factors
1 DT CONSOLIDATED INCOME STATEMENT Back to Content ADJUSTED FOR SPECIAL FACTORS Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % NET REVENUE 21.361 19.943 27.041 26.393 27.
Slide 7: DT Consolidated Income Statement As Reported
1 DT CONSOLIDATED INCOME STATEMENT Back to Content AS REPORTED Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % NET REVENUE 21.361 19.943 27.041 26.393 27.622 29,3 80.531 1
Slide 8: DT Group EBITDA Reconciliation
1 DT Group Back to Content EBITDA RECONCILIATION Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % NET PROFIT (LOSS) 654 916 754 817 1.671 n.a. 3.867 4.158 7,5 + Profit (los
Slide 9: Special Factors in the Consolidated Income Statement
DT Group1 X10AO Back to Content SPECIAL FACTORS IN THE CONSOLIDATED INCOME STATEMENT Q4 Q1 Q2 Q3 Q4 FY FY 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € millions of € millions of € NET REVENUE 0 0 0 0 0 0 0 Other operating income 12 0 26
Slide 10: Consolidated Statement of Financial Position: Assets
1 Consolidated Statement of Financial Position X15AO420 Back to Content ASSETS Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Change Change compared to compared to 2019 2020 2020 2020 2020 prior quarter prior year Note millions of € millions of € millions of € millions of € millions of € % % CURRENT ASSETS
Slide 11: Consolidated Statement of Financial Position: Liabilities and Equity
1 Consolidated Statement of Financial Position X15AO420 Back to Content LIABILITIES AND SHAREHOLDERS' EQUITY Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Change Change compared to compared to 2019 2020 2020 2020 2020 prior quarter prior year Note millions of € millions of € millions of € millions of € mi
Slide 12: Provisions for Pensions
1 X23AO10 DT Group Back to Content PROVISIONS FOR PENSIONS 2020 2019 2018 2017 2016 millions of € millions of € millions of € millions of € millions of € FROM DEFINED BENEFIT OBLIGATION TO PROVISION IN BALANCE SHEET Present value of obligation (DBO) 2 14.362 12.290 11.590 11.462 11.427 Plan assets 3
Slide 13: Well-Balanced Maturity Profile as of December 31, 2020
DT GROUP EXCLUDING TMUS Back to Content WELL-BALANCED MATURITY PROFILE AS OF DECEMBER 31, 2020 DT IR BackUp Q4/2020 13 / 40
Slide 14: Strong Liquidity Profile as of December 31, 2020
DT Group excluding TMUS Back to Content Strong liquidity Profile as of December 31, 2020 DT IR BackUp Q4/2020 14 / 40
Slide 15: Net Debt
1 DT Group X1AO0 Back to Content NET DEBT Dec. 31, Mar. 31, Jun. 30, Sep. 30, Dec. 31, Change Change compared to compared to 2019 2020 2020 2020 2020 prior quarter prior year Note millions of € millions of € millions of € millions of € millions of € % % Bonds 2 51.644 52.857 90.768 86.758 87.702 1,1
Slide 16: Net Debt Development Q4 2020
DT Group Back to Content NET DEBT DEVELOPMENT Q4 2020 DT IR BackUp Q4/2020 16 / 40
Slide 17: DT Group Cash Capex
X2AO DT GROUP Back to Content CASH CAPEX Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % CASH CAPEX Germany 1.023 1.043 910 961 1.258 23,0 4.414 4.172 (5,5) United States
Slide 18: Free Cash Flow
DT Group1 X23AO10 Back to Content FREE CASH FLOW Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % Net profit (loss) 654 916 754 817 1.671 n.a. 3.867 4.158 7,5 Profit (loss)
Slide 19: Personnel
X24AO310 DT Group Back to Content PERSONNEL Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Change compared to Change compared to AT REPORTING DATE Note 2019 2020 2020 2020 2020 prior quarter prior year abs. % abs. % Germany 69.117 68.509 67.363 66.899 66.051 (848) (1,3) (3.066) (4,4) United States 1 47.312
Slide 20: Exchange Rates
EXCHANGE RATES X25AO Back to Content AVERAGE Q4 FY Q1 Q2 Q3 Q4 FY 2019 2019 2020 2020 2020 2020 2020 1€ 1€ 1€ 1€ 1€ 1€ 1€ US Dollar (USD) 1,107 1,120 1,103 1,101 1,169 1,192 1,142 British pound (GBP) 0,860 0,878 0,862 0,887 0,905 0,903 0,890 Czech korunas (CZK) 25,576 25,671 25,629 27,063 26,482 26,
Slide 21: Content
X27AO416 CONTENT DT GERMANY At a Glance 3 Financials 22 Operationals & Mobile Communication KPIs 23 DT GROUP Additional information 24 Adjusted for special factors 6 As reported 7 UNITED STATES EBITDA Reconciliation 8 Financials 29 Special Factors in the consolidated income statement 9 Operationals
Slide 22: Germany Financials
X28AO GERMANY Back to Content FINANCIALS (ADJUSTED FOR SPECIAL FACTORS) Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % TOTAL REVENUE 6.223 5.830 5.850 5.839 6.260 0,6 23.
Slide 23: Germany Operationals
X30AO GERMANY Back to Content OPERATIONALS Q4 Q1 Q2 Q3 Q4 Change Note 2019 2020 2020 2020 2020 % GERMANY ACCESS LINES Fixed network ('000) 1 17.824 17.711 17.649 17.602 17.590 (1,3) Broadband ('000) 1 13.730 13.813 13.900 13.997 14.118 2,8 Fiber ('000) 2 8.529 8.787 9.012 9.246 9.515 11,6 TV (incl.
Slide 24: Germany Revenue Split
X31AO0 Germany Back to Content REVENUE SPLIT - PRODUCTS Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % GERMANY 6.223 5.830 5.850 5.839 6.260 0,6 23.730 23.779 0,2 TOTAL S
Slide 25: Germany Magenta Mobil
GERMANY temporary German VAT Back to Content Magenta Mobil reduction (valid from July 1st to Dec. 31st) not included Magenta Mobil PLANS IN € S M L XL Monthly charge (without handset) 39.95 49.95 59.95 84.95 Monthly charge (with handset) 49.95 59.95 69.95 94.95 Monthly charge (with top handset) 59.9
Slide 26: Germany Magenta Zuhause
GERMANY Back to Content MAGENTA ZUHAUSE MAGENTA ZUHAUSE IN € ZUHAUSE START1 ZUHAUSE S1 ZUHAUSE M1 ZUHAUSE L1 ZUHAUSE XL1 ZUHAUSE XXL1 ZUHAUSE GIGA1 24.95 34.952 39.952 44.952 54.952 59.952 79.95 16 Mbit/s bandwidth 16 Mbit/s bandwidth, flat rate Internet 50 Mbit/s bandwidth flat rate Internet usage
Slide 27: Fixed Network Overview: Termination and Wholesale Fees
FIXED NETWORK Back to Content OVERVIEW DOM. TERMINATION & WHOLESALE FEES (EXCL. VAT) TERMINATION FEES IN CENT/MIN.1 2 3 OLD NEW 2020 --- 0.06 2021 --- 0.05 2022 --- 0.03 1 BNetzA approved the final glidepath for FTRs from 2019 until FULLY UNBUNDLED (“ULL“) OLD NEW 11Prices 2022Prices arearevalid val
Slide 28: Content
X41AO762 CONTENT DT GERMANY At a Glance 3 Financials 22 Operationals & Mobile Communication KPIs 23 DT GROUP Additional information 24 Adjusted for special factors 6 As reported 7 UNITED STATES EBITDA Reconciliation 8 Financials 29 Special Factors in the consolidated income statement 9 Operationals
Slide 29: United States Financials
X42AO UNITED STATES Back to Content FINANCIALS (ADJUSTED FOR SPECIAL FACTORS) Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % TOTAL REVENUE 10.791 10.157 17.297 16.569 17.
Slide 30: United States Operational
X4AO UNITED STATES Back to Content OPERATIONAL Q4 Q1 Q2 Q3 Q4 Change FY FY Change Note 2019 2020 2020 2020 2020 % 2019 2020 % CUSTOMERS ('000) 4, 5 67.895 68.543 107.720 100.362 102.064 50,3 67.895 102.064 50,3 - Postpaid ('000) 4 47.034 47.811 77.753 79.732 81.350 73,0 47.034 81.350 73,0 - Prepay (
Slide 31: United States Operational in US$
X45AO UNITED STATES Back to Content OPERATIONAL IN US-$ Q4 Q1 Q2 Q3 Q4 Change FY FY Change Note 2019 2020 2020 2020 2020 % 2019 2020 % CUSTOMERS ('000) 4, 5 67.895 68.543 107.720 100.362 102.064 50,3 67.895 102.064 50,3 - Postpaid ('000) 4 47.034 47.811 77.753 79.732 81.350 73,0 47.034 81.350 73,0 -
Slide 32: Content
X47AO612 CONTENT DT GERMANY At a Glance 3 Financials 22 Operationals & Mobile Communication KPIs 23 DT GROUP Additional information 24 Adjusted for special factors 6 As reported 7 UNITED STATES EBITDA Reconciliation 8 Financials 29 Special Factors in the consolidated income statement 9 Operationals
Slide 33: Europe Financials
X48AO EUROPE Back to Content FINANCIALS (ADJUSTED FOR SPECIAL FACTORS) Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % TOTAL REVENUE 3.080 2.759 2.706 2.880 2.992 (2,9) 11
Slide 34: Content
X6AO4712 CONTENT DT GERMANY At a Glance 3 Financials 22 Operationals & Mobile Communication KPIs 23 DT GROUP Additional information 24 Adjusted for special factors 6 As reported 7 UNITED STATES EBITDA Reconciliation 8 Financials 29 Special Factors in the consolidated income statement 9 Operationals
Slide 35: Group Development Financials
X71AO GROUP DEVELOPMENT Back to Content FINANCIALS (ADJUSTED FOR SPECIAL FACTORS) Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % TOTAL REVENUE 729 708 716 719 740 1,5 2.7
Slide 36: Netherlands Financials
1 Netherlands Back to Content FINANCIALS (ADJUSTED FOR SPECIAL FACTORS) Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % TOTAL REVENUE 513 476 480 484 505 (1,6) 1.910 1.946
Slide 37: Netherlands Operationals
1 Netherlands X74AO Back to Content OPERATIONALS Q4 Q1 Q2 Q3 Q4 Change FY FY Change Note 2019 2020 2020 2020 2020 % 2019 2020 % FIXED NETWORK (END OF PERIOD) Fixed network Access Lines ('000) 619 632 644 661 682 10,2 619 682 10,2 Broadband Customers ('000) 2 605 616 628 647 668 10,4 605 668 10,4 MOB
Slide 38: Systems Solutions Financials
SYSTEMS SOLUTIONS Back to Content FINANCIALS (ADJUSTED FOR SPECIAL FACTORS) Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % TOTAL REVENUE 1.170 1.066 1.069 961 1.084 (7,4)
Slide 39: Group Headquarters & Group Services Financials
Group Headquarters & Group Services X15AO420 Back to Content FINANCIALS (ADJUSTED FOR SPECIAL FACTORS) Q4 Q1 Q2 Q3 Q4 Change FY FY Change 2019 2020 2020 2020 2020 2019 2020 Note millions of € millions of € millions of € millions of € millions of € % millions of € millions of € % TOTAL REVENUE 660 63
Slide 40: DT Group Glossary and Disclaimer
X80AO DT GROUP Back to Content GLOSSARY AND DISCLAIMER In addition to financial information presented in accordance with IFRS, this presentation contains non-GAAP financial measures, such as ... which is defined as ... EBIT Abbreviation for EARNINGS BEFORE INTEREST AND TAXES. EBIT is equivalent to t