Telekom Austria Ag · VIE:TKA
Telekom Austria — A1 Telekom Austria Group — Investor Presentation (October 2026)
45 slides from Telekom Austria's investor presentation, October 2026
Slide 1: Investor Presentation
Investor Presentation October 2026
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward -looking statements. These forward -looking statements are usually accompanied by words such as ›believe‹, ›intend‹, ›anticipate‹, ›plan‹, ›expect‹ and similar expressions or by ›outlook‹. Actual events may differ materia lly from those anticip
Slide 3: A1 at a glance
A1 at a glance : Former Austrian incumbent and a platform for growth in Eastern Europe 5.6 bn 2.1 bn 37 % Total revenues EBITDA EBITDA margin FY 2025 FY 2025 FY 2025 33.6 mn 6.6 mn 42 EurC Wireless subscribers Fixed RGUs Dividend 9M 2026 9M 2026 FY 2025 #1 #4 -0.1 A- A List Telecom Brand in in brand
Slide 4: Well-balanced performance across geographic footprint
Well -balanced performance across geographic footprint Revenue split Growth driver CEE EBITDA split FY 2025 Revenues yoy growth 2025 FY 2025 CAGR 2021 -2025 Bulgaria +0.6% +7.9% Bulgaria 16 % Croatia CAGR CAGR 18% Croatia 12% 11 % Belarus 8.8% 11% Belarus 10% 5.6 2.1 Austria Serbia Serbia 8% bn Aust
Slide 5: Leading market position in all key markets
Draft for internal discussion Leading market position in all key markets As of 31 Dec 2025 Mobile Fixed Austria 40% #1/3 55% #1/3 Bulgaria 34% # 2/3 41% #2/3 Croatia 37% #2/3 35% #2/3 Belarus 42% #2/3 9% #2/3 Slovenia 25% #3/4 15% #3/4 Serbia 26% #3/3 2% digital #3/3 N. Macedonia 52% #1/2 35% #2/3 C
Slide 6: Distribution of mobile customers and fixed RGUs across markets
Distribution of mobile customers and fixed RGUs across markets As of 30 Jun 202 6 32.5 million 6.5 million A1 Group · Mobile Subscribers A1 Group · Fixed RGUs Austria 5.20 million | International 2 6 .9 million Austria 2.5 million | International 4. 0 million Mobile subscribers per country Fixed RGU
Slide 7: Continuation of fiber and 5G roll-out across markets
Continuation of fiber and 5G roll -out across markets As of 31 Dec 2025 A1 Group Austria Bulgari a Croatia 4.73 mn 987 ,000 1 .47 mn 471 ,900 Fibre Fibre Fibre Fibre Homes Passed Homes Passed 86% Homes Passed 89% Homes Passed 96% 5G 5G 5G 4G 99 % 4G 99 % 4G 99 % 4G 99 % Belarus Serbia Slovenia N. Ma
Slide 8: Financials
Financials 8
Slide 9: Financial Performance
Financial Performance Unless otherwise stated, in EUR mn Revenues EBITDA Free cash flow +3% +2% +4% 5,251 5,413 5,577 1,924 2,021 2,062 575 596 354 36.6% 37.3% 37.0% 2023 2024 2025 2023 2024 2025 2023 2024 2025 EBITDA margin CAPEX (incl. frequencies) Net debt Free cash flow +4% +3% -13% 1,093 2,595
Slide 10: Sustainable top- and bottom-line growth ensuring strong free cash flow generation
Sustainable top - and bottom -line growth ensuring strong free cash flow generation Revenues growing consistently EBITDA increased significantly Robust free cash flow Avg . FCF/ year : EUR 520 mn +4.1% p.a. +4.9% p.a. 5,413 5,577 2,021 2,062 603 596 5,251 1,924 575 5,005 1,838 4,748 1,706 487 354 36
Slide 11: Steadily rising dividend and continuous deleveraging
Steadily rising dividend and continuous deleveraging as solid foundation for future growth Sustainable dividend policy Net debt reduction Dividend per share, in EURc > 10% Dividend CAGR 0.95 0.97 1.3 1.3 0.94 0.92 EPS 1.1 0.42 1.0 1.0 0.40 FCF/share 0.36 0.73 0.91 0.84 0.32 0.80 0.4 0.68 0.2 0.1 0.2
Slide 12: Strategy
Strategy 12
Slide 13: Strategy follows the vision: Empowering digital life
Strategy follows the vision: Empowering digital life CORE BUSINESS regulated 90% → 75%* NEW BUSINESS unregulated 10% → 25%* * * *Anteil in % am Gesamtumsatz 13 *) % of group revenues der Gruppe
Slide 14: Unfolding the opportunities
Draft for internal discussion Unfolding the opportunities Unfolding our business opportunities Evolve the CORE Evolve Extend Expand Enable Push Scale the CORE B2B SME SME Financial Financial #1 to #1 Digital Services (ICT) Business Services Services 14 14
Slide 15: Unfolding our business opportunities: Evolve the CORE to #1
Unfolding our business opportunities Evolve the CORE to #1 From Product to From Network to Customer Journey Connectivity 15 @Scale Plus
Slide 16: Successfully scaling B2C non-core services
Successfully scaling B2C non -core services – a strategic growth lever to stay relevant for customers ø Revenue per household Growth Pillars 1 2 EUR Core Non -core Phones, accessories, merchandise ~10% of ARPH partnerships 30.8 ~5% of ARPH non -core CAGR 2025 Ambition 2030 Key non -core services act
Slide 17: Unlocking growth with an expanding digital solutions portfolio
Unlocking growth with an expanding digital solutions portfolio Total revenue growth Scaling New Opportunities In EUR mn + 20% yoy in 2025 Unlock SME Potential Cloud IT Services Security Other • Target and expand in the SME segment +19% CAGR 573 Scale & Specialise • B2B Delivery Center launched 2025
Slide 18: Sovereign cloud & AI – the next growth driver
Sovereign cloud & AI – the next growth driver Sovereign cloud Sovereign AI Exoscale – built in Europe, operated in Europe A1 Sovereign AI Stack on Exoscale • EU & AT data centers – data stays under European jurisdiction • Open -source data, ML, GenAI & agentic platform • Independence from hyperscale
Slide 19: Advancing with Exoscale – Our sovereign European cloud solution
Advancing with Exoscale – Our sovereign European cloud solution Sovereign European Cloud Leadership • Not subject to US Cloud Act • ISO -certified, high -quality data centers • Largest geographic footprint in DACH & CEE Robust Ecosystem & Customer Trust • 200+ reseller partners and strong customer r
Slide 20: Driving transformation for scalable growth in B2B digital services
Driving transformation for scalable growth in B2B digital services with… B2B Digital BDC Services ~800 Security Network Datacenter Modern Workplace Cloud Delivery Center (BDC) FTEs › Customer facing YE 2025 B2B B2B Footprint AT | CEE OFF -Footprint 20
Slide 21: Driving transformation for scalable growth: Competence Delivery Center
Driving transformation for scalable growth … and a Competence Delivery Center Competence Delivery Center 20 1 ~2.500 Skill (CDC) different delivery international FTE over location › Active centers in one CDC team › Non -customer facing 80% completed Traditional set -up New set -up • Local functions
Slide 22: Leveraging group-wide competence delivery center for >40% EBITDA margin
Leveraging our group -wide competence delivery center to contribute to our >40% EBITDA margin ambition 1 competence delivery center Gross financial impact (CDC) across all markets* Progressing Program Initial program as planned Next focus areas initiated > 50 % gross savings ** These supplementary m
Slide 23: Sustainability
sustainability MSCI peace oes. Uni i ESC RATINGS re &: United Nations oS JAC NDUSTRY yNep?y Global Compact COOPERATION TOP RATED | (eee | 6 [6 [666 EM Ax [Aaa EUROPEAN GREEN ee P DIGITAL COALITION . Al
Slide 24: 2025-2030 ESG Strategy
2025 -2030 ESG Strategy CO 2 emissions Energy efficiency Circularity E -Waste Net -Zero goal by 2030 80% goal 50% goal Zero -equipment to landfill Scope 1&2: -90% Increase energy efficiency to 80% by By 2030, the takeback of devices* is Sustainable treatment* of 100% of Scope 3: -60% reduction 2030
Slide 25: The share
The share 25
Slide 26: Shareholder structure
Shareholder structure Two strong shareholder s ÖBAG (Österreichische Beteiligungs AG) • ÖBAG = independent holding company of state assets. • Mission is to preserve and grow its investments for ÖBAG generations. 28.4% • Investment portfolio also includes: OMV, Verbund, Post, Casinos Austria, etc. 61
Slide 27: Syndicate agreement between América Móvil and ÖBAG
Syndicate agreement between América Móvil and ÖBAG On February 6, 2023, both parties agreed on a new syndicate agreement with a term of 10 years . The publicly known cornerstones of this agreement are the following : General • Headquarters to remain in Austria • Commitment to the listing at the Vien
Slide 28: Syndicate agreement between América Móvil and ÖBAG
Syndicate agreement between América Móvil and ÖBAG On February 6, 2023, both parties agreed on a new syndicate agreement with a term of 10 years . The publicly known cornerstones of this agreement are the following : General Management board Supervisory board • Headquarters to remain in Austria • Cu
Slide 29: Guidance 2026 raised
Guidance 2026 raised Total revenue growth CAPEX yoy excl. spectrum and M&A ~4% ~ EUR 850 mn Previously: 2 -3 % Previously: ~ EUR 750 mn Growth driven by CEE markets & service revenues; Continuing expansion of fiber and 5G networks, Upselling in mobile consumer segment, strong both in Austria and CEE
Slide 30: Capital allocation follows conservative financial policy
Capital allocation follows conservative financial policy for long -term value creation within rating framework Credit rating A- rated ambition (current: A -/A3) Conservative Sustainable Value -accretive financial policy dividend policy M&A Leverage ambition for: Develops in line with operational & V
Slide 31: Reasons to invest
Draft for internal discussion Reasons to invest Digital leader in CEE Financial Performance Broadband Internet | Mobile & Home Entertain ment |Voice | Data & IT Services |Security | Digital Payments > € 500 mn free cash flow p.a. • Exploiting growth opportunities in digital services on the back of a
Slide 32: Management Board
Management Board Deputy CEO CEO Alejandro Plater (*1967, Argentina) Thomas Arnoldner (*1977, Austria) • Board member since August 2015 • Board member since September 2018 − 2015 -2018 as CEO, 2018 -2023 as COO − 2018 -2023 as CEO • Before A1, senior roles at Ericsson • Before A1, board functions at
Slide 33: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment -grade ratings as of September 30, 2026 Overview Lines of credit Credit ratings • Total financial debt: EUR 7 95 mn • Total committed lines: EUR 1,315 mn • Average cost of debt: 1.73 % − Thereof RCF: EUR 1,000 mn A3/ • Cash & cash equivalents: EUR 742 mn
Slide 34: Q3 and 9M results 2026
Q3 and 9M results 2026 34
Slide 35: Q3 2026: Growth in all service revenue categories except fixed voice
Q3 2026: Growth in all service revenue categories except fixed voice Service revenues EUR 1,205 mn Q3 2026 + 3.9% + 45 m 1,205 1,160 Q3 2025 Mobile Cubes Fixed BB Fixed Inter - Solutions & Vis. & nat. Other Q3 2026 core & TV voice connection connectivity roaming revenue Cubes: Mobile WIFI routers an
Slide 36: Q3 2026: EBITDA growth driven by service revenues
Q3 2026: EBITDA growth driven by service revenues mitigating higher core OPEX stemming from electricity and product -related increases EBITDA excl. restructuring EUR 595 mn Q3 2026 1.9% + 11 m 595 584 Q3 2025 Mobile Fixed Sol. + ICT Equipment Core OPEX Q3 2026 & Other margin Mobile: Retail mobile se
Slide 37: P&L Highlights 9M 2026
P&L in EUR mn Q3 2026 Q3 2025 Δ 9M 2026 9M 2025 Δ Highlights 9M 2026 Revenues 1,465 1,401 4.6% 4,260 4,085 4.3% • Revenues increase: Driven by growth in all markets OPEX (891) (838) 6.4% (2,643) (2,523) 4.7% except Austria. EBITDA 574 563 2.0% 1,618 1,562 3.5% EBITDA margin 39.2% 40.2% –1.0pp 38.0%
Slide 38: Strong free cash flow development in Q3 and 9M 2026
Strong free cash flow (FCF) development in Q3 and 9M 2026 Free cash flow Details EUR 236 mn EUR 571 mn Unless otherwise stated, all amounts in EUR mn Q3 2026 9M 2026 9M 2025 Δ Q3 2026 9M 2026 EBITDA 574 1,618 1,562 3.5% +20.6% +8.1% Restructuring 21 76 77 -1.4% Lease paid (104) (319) (306) 4.1% 236.
Slide 39: Appendix
Appendix 39
Slide 40: Launch of A1 Select: non-core digital service subscription platform
Launch of A1 Select: Offering non -core digital service subscription platform in Austria Similar offering available in selected international markets. A1 Select – Product overview Product details • Add -on service to existing connectivity contract • Flexible subscription – i.e. EUR 6.90 per slot per
Slide 41: Strong Austrian market position, focus on high-value segment and OPEX efficiency
Strong Austrian market position, focus on high -value segment and OPEX efficiency in challenging environment #1 #1 #1 Market position Brand image Network Mobile and Mobile and Performance fixed -line fixed -line Competitive landscape and macro environment Strategy and measures • Fierce competition a
Slide 42: Austria: Easing service revenues decline since the start of 2026
Austria: Easing service revenues decline since the start of 2026 Service revenues (excl. international business) yoy 2024 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 42
Slide 43: Steady growth and margin improvement in the international business
Steady growth and margin improvement in the international business driving group revenue and bottom -line International Harvesting the benefits of strategic investments in EUR mn • Expanded fixed & fiber footprint as scalable growth +8% +10% +7 % ~ 54% platform for mobile, fixed and ICT p.a. p.a. (s
Slide 44: A1 Telekom Austria Group share
A1 Telekom Austria Group share ISIN Reuters Bloomberg Shares Outstanding Listing AT0000720008 Tela.VI TKA AV 664,084,841 Vienna Stock Exchange TKA ATX STOXX Europe 600 Telco 180 Institution Rating Price (EUR) AlphaValue/Baader Europe Buy 11.80 160 Bank Pekao Buy 11.60 140 Citigroup Hold 9.60 Erste G
Slide 45: Contacts
Contacts Susanne Aglas -Reindl Head of Investor Relations Telekom Austria AG Lassallestraße 9 1020 Wien M +43 664 66 39420 T +43 50 664 39420 @ susanne.aglas [email protected]
A1 Telekom Austria Group — Investor Presentation (October 2026) on 6ix