Orange Belgium SA · EURONEXT:OBEL
Orange Belgium SA — H1 2023 Earnings Presentation
20 slides from Orange Belgium SA's earnings presentation, Jul 20, 2023
Slide 1: H1 2023 Financial Results
H1 2023 Financial Results Orange Belgium July 20, 2023 1 Orange Restricted
Slide 2: Disclaimer
Disclaimer This presentation might contain forward-looking statements about Orange Belgium in particular for 2023. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently co
Slide 3: Sustained financial and commercial performance
H1 2023 Sustained financial and commercial performance Start of the VOO integration post closing First semester financials with VOO included for the month of June 3 Orange Restricted
Slide 4: Section one: Lead the future
Section Lead the one future 4 Orange Restricted
Slide 5: Promising start of integration of VOO as of June
Promising start of integration of VOO as of 2 June One operator Common and aligned network strategy Common commercial operations and objectives New organisation in place for a better efficiency Synergy plan confirmed and operationally on track 5 Orange Restricted
Slide 6: Lead the Future: Orange Belgium's long-term industrial project
Lead the Future_: Orange Belgium's long-term industrial project creating value for its customers, employees, shareholders and society Our Future is defined by a Customer Experience Excellence, We care for people: a Our future is defined managing a resilient, modern and by an outstanding multisegment
Slide 7: Section two: Highlights
Section two Highlights 7 Orange Restricted
Slide 8: Orange Belgium selected to develop Brussels network IRISnet3
Orange Belgium has been selected to carry out the development of the Brussels Telecommunications network – IRISnet3 Orange Belgium is the trusted partner of the Brussels Region for at least 10 years A project driven by five commitments • Support the development of a robust and job-creating "Brussels
Slide 9: Orange Belgium selected by Federal Government for 5G Pilots
Orange Belgium has been selected by the Federal Government for 5G Pilots Federal government selects Orange Belgium for 11 innovative 5G pilot projects 1 • In doing so, Orange Belgium responded to the Federal Ministry Economy project call to encourage the creation of new initiatives on 5G. 2 • The ob
Slide 10: Orange Belgium launches its next-generation multi-gigabit gateway
Orange Belgium launches its next-generation multi-gigabit gateway Latest generation DOCSIS 3.1 HFC gateway and its Wi-Fi 6 extender booster • Based on the worldwide open software RDK-B • Built-in 2.5 Gbps ethernet port • New Wi-Fi Booster • Includes EasyMesh technology • Seamless extension of Wi-Fi
Slide 11: Regulatory update
Regulatory update Mobile network Broadband, TV, fixed networks ▪ On 30 January 2023, the complaint of Telenet against ▪ Market analysis review: A new final decision is not the RAN sharing agreement was closed without further expected in 2023 consequences for the project. ▪ The BIPT organises a consu
Slide 12: Section three: Commercial and Financial Results
Section Commercial three and Financial Results 12 Orange Restricted
Slide 13: H1 2023 Key achievements
Financial H1 2023 Key achievements Revenues VOO included for the month of June Commercial VOO figures not included €740.5m Belgium +2.9% yoy1 EBITDAaL Belgium Cable €178.8m customers Mobile contract +0.9% yoy1 excl. M2M 464 k eCapex +11.4%yoy (excluding licence fees) 2.85 m Belgium +2.7%yoy Net adds
Slide 14: Cable and Mobile Postpaid customer base and net adds
Cable and Mobile Postpaid customer base and net adds Postpaid mobile customers (excl. VOO) in Cable customers (excl. VOO) in thousands thousands 38 39 61 30 29 46 41 26 36 39 22 21 33 16 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1464 2023 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 202
Slide 15: Revenues growing by 2.9% yoy on comparable basis
Revenues growing by 2.9% yoy on comparable basis* and 9.3% yoy compared with H1 2022 reported revenues Revenues evolution (€ m) +740.5 Visitor roaming other WHS +41.6 MVNO +37.9 Convergent service +20.8 Convergent -17.4 revenues Voice / SMS service revenues +1.0 Mobile service Mobile service +15.8 r
Slide 16: EBITDAaL increasing by 0.9% yoy on a comparable basis
EBITDAaL increasing by 0.9% yoy on a comparable basis* and 7.1% yoy compared with H1 2022 reported EBITDAal EBITDAaL evolution (€ m) +63.2 OBE Retail service revenues +1.4 +41.6 -10.0 Equipment sales (incl. VOO for +1.0 June) -42.7 Other revenues +37.9 (incl. VOO retail and +178.8 Wholesales Revenue
Slide 17: eCapex increasing by 15.5% yoy on a comparable basis
eCapex increasing by 15.5% yoy on a comparable basis* and 27.0% compared with H1 2022 reported eCAPEX eCapex (€ m) excluding spectrum fees 109,2 86,0 eCapex H1 2022 H1 2023 (incl. VOO - 1 month) 17 VOO included for the month of June 2023 Orange Restricted *Comparable base includes 1 month of VOO eCA
Slide 18: Section four: 2023 guidance
Section 2023 four guidance 18 Orange Restricted
Slide 19: 2023 new guidance
2023 new guidance Guidance Previous outlook EBITDAaL €430-450m €360-375m eCapex* €290-310m €210-230m * Excludes payment of licence fees ▪ Full year results of OBE ▪ Includes seven months of VOO Outlook ▪ Applying Orange Belgium Accounting Standards 19 Orange Restricted
Slide 20: Section five: Q&A
Section five Q&A 20 Orange Restricted