Freenet Ag · XETR:FNTN

Freenet — Q3 2024 Earnings Presentation

17 slides from Freenet's earnings presentation, November 2024

  1. Slide 1: freenet AG | Q3/9M 2024 Analyst and Investor Presentation

    freenet AG | Q3/9M 2024 Analyst and Investor Presentation Christoph Vilanek, CEO Ingo Arnold, CFO

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements which involve risks and uncertainties. The actual performance, results and timing of the business of freenet AG could differ materially from the expectations regarding performance, results and timing expressed in this presentation. The

  3. Slide 3: Business Update

    Business Update Christoph Vilanek CEO 3

  4. Slide 4: Key takeaways for freenet's Q3/9M 24

    Business Update I Financial Update I Appendix Key takeaways for freenet’s Q3/9M 24  New MNO contracts now in operation Q3 / 9M  Full-fledged 5G tariff portfolio  Strong mobile net adds: YTD +79k; Q3 +54k  Remarkable IPTV net adds: YTD +461k; yoy +48% 2024  2024 financial guidance narrowed and u

  5. Slide 5: Mobile: Postpaid growth back on track

    Business Update I Financial Update I Appendix Mobile: Postpaid growth back on track Mobile subscribers +0.05 Postpaid subs grew by +54k in Q3 24 in m (end of period) (+0.7%) Subscriber and ARPU development 7.51 7.54 7.56 7.57 7.62 0.13 0.12 0.12 0.12 0.12  9M 24 mobile subscriber growth +79k  FY 2

  6. Slide 6: TV: Strongest Q3 growth at waipu.tv so far

    Business Update I Financial Update I Appendix TV: Strongest Q3 growth at waipu.tv so far Total TV subscribers +0.10 waipu.tv with another Q3 record quarter in m (end of period) (+4.5%) waipu.tv  132k net adds in Q3 24 2.34 2.24  Strongest Q3 so far 2.07 1.95  Q3 as weakest Q in year due to season

  7. Slide 7: Financial Update

    Financial Update Ingo Arnold CFO 7

  8. Slide 8: Group: Narrowing of EBITDA guidance

    Business Update I Financial Update I Appendix Group: Narrowing of EBITDA guidance Revenues Gross profit EBITDA in EURm in EURm in EURm +2.9% +6.4% +0.8% 1,765.2 1,816.4 713.2 376.8 380.0 670.0 +2.1% +8.5% +5.1% 605.5 618.5 224.1 243.1 121.6 127.8 Q3 23 Q3 24 9M 23 9M 24 Q3 23 Q3 24 9M 23 9M 24 Q3 23

  9. Slide 9: Mobile: EBITDA 9M 24 on track to exceed FY 23

    Business Update I Financial Update I Appendix Mobile: EBITDA 9M 24 on track to exceed FY 23 Revenues Gross profit EBITDA in EURm in EURm in EURm +0.5% +4.5% +3.7% 1,514.5 1,522.0 495.6 517.9 306.3 317.7 0.0% 238.2 235.7 +8.2% +7.7% 519.9 519.9 164.9 178.5 100.6 108.4 84.4 85.6 1,276.3 1,286.2 435.5

  10. Slide 10: Mobile: DLS with stable revenues in 9M 24

    Business Update I Financial Update I Appendix Mobile: DLS with stable revenues in 9M 24 Postpaid ARPU Mobile subs DLS revenues in EUR in m in EURm -1.2% -0.5% +1.4% +0.7% +1.5% 18.3 18.1 18.0 17.9 7.62 7.62 126.9 128.8 7.51 0.12 7.57 0.12 -2.6% 0.13 0.12 42.7 41.6 7.50 7.50 7.39 7.44 Q3 23 Q3 24 9M

  11. Slide 11: TV: Customer intake leads to gross profit growth

    Business Update I Financial Update I Appendix TV: Customer intake leads to gross profit growth Revenues Gross profit EBITDA in EURm in EURm in EURm +15.6% +10.8% -8.6% +14.9% 291.0 +10.0% 179.7 85.9 251.8 162.1 78.4 -3.8% 98.6 54.8 60.3 26.6 25.6 85.9 Q3 23 Q3 24 9M 23 9M 24 Q3 23 Q3 24 9M 23 9M 24

  12. Slide 12: High cash conversion continued in 9M 24

    Business Update I Financial Update I Appendix High cash conversion continued in 9M 24 EBITDA-to-FCF bridge: Cash conversion remains >50% FCF components in EURm  CNWC largely stable  Higher taxes due to the absence of some -44.8 one-off refunds received in 9M 23 -29.4 -28.4  CapEx (net) remain bel

  13. Slide 13: Detailed 2024 forecasted EBITDA-to-FCF bridge

    Business Update I Financial Update I Appendix Detailed 2024 forecasted EBITDA-to-FCF bridge EBITDA-to-FCF conversion >50% in EURm -45 -40 Mid-point guidance: >50% EBITDA-to-FCF -55 conversion -70 - 515 495 - 515 -20 before 447.3 260 - 280 270 - 285 260 - 280 500 before EBITDA CNWC Taxes CapEx (net)

  14. Slide 14: 2024 Guidance narrowed and raised

    Business Update I Financial Update I Appendix 2024 Guidance narrowed and raised Financial KPIs* 2023 Initial 2024 Change in Updated 2024 In EURm Actuals Guidance Guidance Guidance moderate Revenue 2,383.0 stable growth EBITDA 500.9 495 - 515 500 - 515 Free cash flow 276.6 260 - 280 270 - 285 Non-fin

  15. Slide 15: Further Questions?

    Further Questions? Contact Upcoming events Investor Relations & ESG Reporting 19.11.2024 Frankfurt a. M. (GER) DZ Bank Equity Konferenz +49 (0)40 513 06 778 21.11.2024 Barcelona (ES) Morgan Stanley TMT Conference [email protected] 26.11.2024 Frankfurt a. M. (GER) Deutsches Eigenkapitalforum IR website 0

  16. Slide 16: Appendix

    Appendix  B/S KPIs as of 30 Sep 2024

  17. Slide 17: Financial structure as of 30 Sep 2024

    Business Update I Financial Update I Appendix Financial structure as of 30 Sep 2024 Debt maturity structure Debt composition B/S KPIs in EURm (gross excl. accrued interest) 192.0 175.0 Cash Equity ratio 131.1 43.7 % 75.0 148.0 34% 427.5 Leverage Leverage (bank) 100.0 66% 23.5 25.0 1.1 0.6 12.0 44.0

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