Hrvatski Telekom d.d. · ZSE:HT
Hrvatski Telekom d.d — Q1 2013 Earnings Presentation
18 slides from Hrvatski Telekom d.d's earnings presentation, Apr 30, 2013
Slide 1: Business and Financial Review January – March 2013
Business and Financial Review January – March 2013 30 April 2013
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
Business environment highlights Jan – Mar 2013 Croatian economy - facts (1) Recession prolonged further; 2013 to be the fifth consecutive year with no real GDP growth GDP contraction in 2012 of 2 2.0% 0% and 2013 estimates of a further 00.5% 5% decline Credit rating downgraded to sub-investment grad
Slide 4: Telecom and ICT Market in Croatia
Telecom and ICT Market in Croatia Jan – Mar 2013 Mobile Fixed Voice 3 operators on the market, 7 brands 10 licensed active operators on the market(1) Mobile penetration at 116%, down 1pp yoy CPS, CPS ULL, ULL WLR(2), naked bitstream and bitstream Increased usage, but revenue continues to decline ava
Slide 5: Group highlights
Jan – Mar 2013 Group highlights Financial Revenue down 6.1% to HRK 1,695 million; tough economic, competitive and regulatory environment i t continues ti EBITDA before exceptional items (1) down 14.3% to HRK 669 million; margin at 39.5% EBITDA decreased 22.0% to HRK 609 million; margin at 35.9% Net
Slide 6: Revenue development
Jan – Mar 2013 Revenue development -6.1% Revenue breakdown (HRK million) (1) 1,806 -11.8% 1,806 4 -51 Misc Misc. -6.1% 1 695 1,695 -6 2% -6.2% +10.4% -15.5% -15 5% 85 30 1,695 2 -45 -13.8% +9 -5 94 +0.7% 27 -21 +3 385 388 156 134 Jan-Mar Fixed Mobile Wholesale IP ICT Other(2) Jan-Mar 2012 2013 716 6
Slide 7: Mobile
Mobile Jan – Mar 2013 Market share by subscribers (%) (1) Number of subscribers ((‘000) 000)(2) 2,350 -1.7% 2,309 1,031 1,006 53.3% 53.5% 21 6% 21.6% 46.7% 46.5% 1,319 1,303 1,190 978 31 Mar 2012 31 Mar 2013 31 Mar 2012 31 Mar 2013 T-HT Other mobile operators Prepaid Postpaid Data ARPU (HRK/month) A
Slide 8: Fixed telephony
Jaan – Mar 22013 Fixed telephony Number of mainlines (‘000) ARPA (HRK) 1,360 -4.6% 1,297 149 -10.3% 10.3% 105 1,211 1,192 119 107 31 Mar 2012 31 Mar 2013 Jan-Mar 2012 Jan-Mar 2013 Retail Wholesale Number of ULL (‘000) Substitution of fixed traffic with mobile and IP +7.5% traffic; total traffic down
Slide 9: IP services
Jan – Mar 2013 IP services No. of broadband access lines (‘000) (1) Broadband retail ARPA (HRK) (1) 654 +1.5% 665 +2.2% 11 31 643 634 124 127 31 Mar 2012 31 Mar 2013 Jan-Mar 2012 Jan-Mar 2013 Retail Wholesale Number of TV customers (‘000) (2) Number of retail broadband lines impacted by +7.0% wholes
Slide 10: Residential segment
Jan – Mar 2013 Residential segment Revenue breakdown (HRK million) Contribution to EBITDA (1) (HRK million) 1,013 -3.9% Misc. 3 973 12 34 5 -10.6% 10 6% 1 38 394 408 570 717 522 640 Jan-Mar 2012 Jan-Mar 2013 Jan-Mar 2012 Jan-Mar 2013 Voice revenue Non voice revenue Oth service Other i T i l equipmen
Slide 11: Business segment
Business segment Jan – Mar 2013 Revenue breakdown (HRK million) Contribution to EBITDA (1)HRK million) 793 -8.9% 23 722 13 37 110 107 15 -18.7% 273 262 488 3 375 301 397 Jan-Mar 2012 Jan-Mar 2013 Voice revenue Non voice revenue Jan-Mar 2012 Jan-Mar 2013 O h service Other i T i l equipment Terminal i
Slide 12: Financial highlights
Financial highlights all in HRK million, except where stated differently Jan – Mar 2013 Revenue(1) EBITDA before except. items(2) EBITDA 43.2% 43.2% 39.5% -6 1% -6.1% 35.9% 1,806 1,695 -14.3% -22.0% 780 780 €239m €224m 669 €251 m €244m €251 m €244m 609 €103m €88m €103m €80m Jan-Mar 2012 Jan-Mar 2013
Slide 13: Group 2013 Outlook
Group 2013 Outlook Jan – Mar 2013 Revenue Last year brought no recovery in the national economy; the recession persisted with GDP forecasts for 2012 at -1.8% and for 2013 at -0.2%. Unemployment and business payment arrears remained at high levels, public debt increased and industrial p production de
Slide 14: Appendix
Appendix ww Spe Hrvatski, Smee eee eee eee Telekom 14
Slide 15: Consolidated income statement
Consolidated income statement Jan – Mar 2013 Jan-Mar Jan-Mar % of change in HRK million (IFRS) 2013 2012 A13/A12 Mobile 672 716 -6.2% Fixed Telephony 378 429 -11.8% Wholesale 134 156 -13.8% IP Revenue 388 385 0.7% Data 27 30 -10.4% 10 4% ICT 94 85 10.4% Miscellaneous 2 4 -52.9% Revenue 1,695 1,806 -
Slide 16: Consolidated balance sheet
Consolidated balance sheet Jan – Mar 2013 At 31 Mar At 31 Dec % of change in HRK million (IFRS) 2013 2012 A13/A12 Intangible assets 1,094 1,142 -4.3% Property plant and equipment Property, 5 680 5,680 5 734 5,734 -0.9% 0 9% Non-current financial assets 977 897 9.0% Receivables 20 21 -2.9% Deferred t
Slide 17: Consolidated cash flow statement
Consolidated cash flow statement Jan – Mar 2013 Jan-Mar Jan Mar Mar % of change Jan-Mar Jan in HRK million (IFRS) 2013 2012 A13/A12 Profit before tax 300 457 -34.3% Depreciation and amortization 1) 317 338 -6.3% Increase / decrease of current liabilities 1) -64 -156 58.9% Increase / decrease of curr
Slide 18: Investor relations contact
Investor relations contact Erika Kašpar Tel: + 385 1 4912 000 Elvis Knežević Tel: + 385 1 4911 114 Anita Marić Šimek Š Tel: +385 1 4911 884 e-mail: il [email protected] i @t ht h www.t.ht.hr/eng/investors/ LLondon d St Stockk EExchange h GDR ttrading di symbol: b l THTC Zagreb Stock Exchange Shar
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