Hrvatski Telekom d.d. · ZSE:HT
Hrvatski Telekom d.d — 9M 2011 Earnings Presentation
19 slides from Hrvatski Telekom d.d's earnings presentation, Oct 28, 2011
Slide 1: Business and Financial Review January – September 2011
Business and Financial Review January – September 2011 28 October 2011
Slide 2: Disclaimer
Disclaimer These materials and the oral presentation do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company nor should they or any part of them or the fact of their distribution form t
Slide 3: Business Environment Highlights: Croatia and Croatian Economy
Business Environment Highlights Jan – Sep 2011 Croatia at a glance (1) Zagreb Rijeka Osijek 4.3 million population 1.5 million households Largest 10 cities house 36% of population Split ~106,000 active companies 9.3 million tourists in first eight months 2011 Croatia and Croatian Econo
Slide 4: Croatian Telecom and ICT Market
Jan – Sep 2011 Croatian Telecom and ICT Market Fixed telephony Mobile telephony 21 licensed operators, of which 10 active (1) 3 operators on the market, 6 brands, no mobile July 2011: introduced WLR and naked bitstream virtual network operators (MVNO) Liberalized since 2005; local loop unbun
Slide 5: Regulatory Framework
Regulatory Framework Jan – Sep 2011 HAKOM proposes new price for wholesale bitstream access on copper network: retail - 60% HAKOM finalizes analysis of retail market in fixed network: imposes price control and regulation of promotional offers for local/national phone services; obligations for inte
Slide 6: Group Highlights
Jan – Sep 2011 Group Highlights Maintains leading market position in all business segments Recession, regulatory initiatives and special fee continue to impact business Revenue decreased 3.6% to HRK 6,092 million as a result of difficult economic environment as well as intense competitive pres
Slide 7: Revenue Development
Jan – Sep 2011 Revenue Development -3.6% Revenue breakdown (1) (HRK million) 6,321 -8.5% 6,321 -148 -10.6% +165.6% -16.1% Misc. -3.6% -19 6,092 3 6,092 4 --302 -10.3% +9.9% +191 115 115 306 -50 +100 1,016 95 1,116 488 438 2,844 2,542 Jan-Sep Fixed Mobile Wholesale IP ICT Data & Jan-Sep 2010 Misc. 20
Slide 8: Mobile Telephony
Jan – Sep 2011 Mobile Telephony Market share by subscribers (%) (1) Number of subscribers (‘000) (2) 2,393 +3.8% 2,485 54.6% 55.0% 984 1.037 45.4% 45.0% 1,409 1,448 Jan-Sep 2010 Jan-Sep 2011 30 Sep 2010 30 Sep 2011 T-HT Other mobile operators Prepaid Postpaid Blended ARPU (HRK/month) (2)(3) Average
Slide 9: Fixed Telephony
Jan – Sep 2011 Fixed Telephony Number of mainlines (‘000) (1) Total traffic in minutes (million) --8.5% -12.2% 2,387 2,097 1,444 1,321 30 Sep 2010 30 Sep 2011 Jan-Sep 2010 Jan-Sep 2011 ARPA (HRK) (2) Number of ULL and WLR -8.8% +11.1% T-HT Group 132 120 129,645 144,016 77,849 Jan-Sep 2010 Jan-Sep 20
Slide 10: IP Services
Jan – Sep 2011 IP Services No. of ADSL mainlines (‘000) (1) ADSL mainlines ARPA (HRK) (2) +7.9% -5.6% 600 648 128 121 30 Sep 2010 30 Sep 2011 Jan-Sep 2010 Jan-Sep 2011 Number of TV customers (‘000) (3) Growth of MAXtv (3) : more than 14,000 net adds +21.5% in Q3 2011 Croatian Premier Football Le
Slide 11: Residential Segment
Jan – Sep 2011 Residential Segment Revenue breakdown (1) Contribution to EBITDA (2) (HRK million) 3,502 13 -5.0% 3,327 13 Misc. -2.0% 45 135 113 115 1,053 1,117 2,294 2,248 2,256 1,969 Jan- Sep 2010 Jan-Sep 2011 Jan-Sep 2010 Jan-Sep 2011 Voice revenue Non voice revenue Other service Terminal equipme
Slide 12: Business Segment
Business Segment Jan – Sep 2011 Revenue breakdown (1) Contribution to EBITDA (2) (HRK million) 2,819 120 -1.9% 2,765 85 -9.8% 214 44 422 46 876 829 1,919 1,731 1,565 1,383 Jan-Sep 2010 Jan-Sep 2011 Jan-Sep 2010 Jan-Sep 2011 Voice revenue Non voice revenue Other service Terminal equipment Miscellaneo
Slide 13: Group Highlights
Group Highlights Jan – Sep 2011 Revenue(1) EBITDA before exceptional items Net profit -3.6% 45.2 46.0 23.5 24.3 % % 3.000 25 6.000 1.500 2.500 40 20 5.000 -0.1% HRK million HRK million --2.1% HRK million 4.000 2.000 30 1.000 15 6,321 1.500 2,858 2,799 1,484 1,483 3.000 6,092 20 10 1.000 500 2.000 10
Slide 14: Group 2011 Outlook
Group 2011 Outlook Jan – Sep 2011 Revenue As stated in the Q1 results on 28 April 2011, the Group’s performance for the current financial year is influenced by the strength of the tourist season in Croatia and recovery in the national economy. The economic turnaround that had been predicted earlier
Slide 15: Appendix
Appendix we pg Hrvatski, sweet ee eee eee eee eee eee eee eee eee Telekom 15
Slide 16: Consolidated Income Statement
Consolidated Income Statement Jan – Sep 2011 Jan-Sep Jan-Sep % of change in HRK million (IFRS HT accounting policies) 2011 2010 A11/A10 Mobile 2,542 2,844 -10.6% Fixed Telephony 1,592 1,740 -8.5% Wholesale 438 488 -10.3% IP Revenue 1,116 1,016 9.9% Data 95 115 -17.3% ICT 306 115 165.6% Miscellaneous
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Jan – Sep 2011 in HRK million (IFRS HT accounting policies) At 30 Sep At 31 Dec % of change 2011 2010 A11/A10 Intangible assets 1,030 1,162 -11.4% Property, plant and equipment 6,090 6,336 -3.9% Non-current financial assets 443 422 5.0% Receivables 24 31 -23.0% Deferred ta
Slide 18: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Jan – Sep 2011 in HRK million (IFRS HT accounting policies) Jan-Sep Jan-Sep % of change 2011 2010 A11/A10 Profit before tax 1,842 1,855 -0.7% Depreciation and amortization 1,005 988 1.7% Decrease of current receivables 50 0 - Decrease of inventories 28 0 - Other cash
Slide 19: Investor Relations Contact
Investor Relations Contact Erika Kašpar Tel: + 385 1 4912 000 Elvis Knežević Tel: + 385 1 4911 114 Anita Marić Šimek Tel: +385 1 4911 884 e-mail: [email protected] www.t.ht.hr/eng/investors/ Investor Relations London Stock Exchange GDR trading symbol: THTC Zagreb Stock Exchange Share trading symb
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