Telia Company Ab · OMXSTO:TELIA
Telia Company Ab — Q3 2026 Earnings Presentation
28 slides from Telia Company Ab's earnings presentation, Oct 22, 2026
Slide 1: Telia Q3 2026
Telia Q3 2026 October 22, 2026
Slide 2: Good progress on growth and simplification
Good progress on growth and simplification Customer − Positive NPS trend − #1 mobile customer satisfaction according to SKI/EPSI − Awarded main supplier for the Swedish emergency communication network (SWEN) Strategy & − Further localization and efficiencies proposed in October with target yearly sa
Slide 3: Financial highlights Q3
Financial highlights Q3 Service revenue: +3.3% Service revenue Like for like growth - Continued strong TV and Mission Critical growth 3.3% - Solid growth in Sweden and Lithuania 2026 outlook: ~2% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Adjusted EBITDA: +2.9% - Somewhat stronger than anticipated mainly due to
Slide 4: Sweden
Sweden ARPU Most satisfied mobile customers according to SKI Mobile postpaid Telia Sweden awarded main supplier in the Swedish emergency communication network (SWEN) 30 Service revenue growth accelerated driven by elevated non-connectivity-based revenue 21 22 8 23 -1.2% 6 -4 As expected, EBITDA grow
Slide 5: Convergence remains a key priority in Sweden
Convergence remains a key priority in Sweden Continuously increasing share of converged customers, now at 55% or nearly 60% excluding the recently added former Halebop customers Household churn reduced by ~50% for each additional service added Consistently positive ARPH trend Convergence as share of
Slide 6: Finland
Finland ARPU Focus is on retention and loyalty in a continued competitive mobile market Mobile postpaid 10 Rated #1 in EPSI’s survey for B2B customers -6 -24 -14 -15 -1.1% ICT divestment closed with transfer of ~250 employees, and work to further simplify operations continues Lower mobile revenue wa
Slide 7: Norway
Norway ARPU Mobile customer trend continued to improve, OneCall awarded most satisfied mobile customers (EPSI) Mobile postpaid 2 10 Continued strong momentum for fixed with double digit growth in Consumer broadband -11 -10 -27 +2.8% Service revenue remained in growth territory and EBITDA continued t
Slide 8: Norway radio access network sharing
Norway radio access network sharing Building Norway’s most efficient and future proof network Cash flow impacts for Telia Heavy-traffic Strong urban roads & trains coverage National & City-centre European Coverage capacity roads Improved rural Cabin coverage coverage 2027 2028 2029 2030 FCF Other CF
Slide 9: Lithuania
Lithuania ARPU Continued solid operational momentum with sustained mobile base expansion Mobile postpaid Positive ARPU trend across core services Selected as communication provider for Lithuania’s 2027 Presidency of the Council of the European Union 16 +4.6% 11 5 5 4 Service revenue and EBITDA growt
Slide 10: Estonia
Estonia ARPU Mobile ARPU growth supported by pricing and reduced discount levels Mobile postpaid AI assistant launched to drive efficiencies in customer service 6 +5.0% Strong demand for security packages on mobile and broadband 0 1 3 -2 Fiber roll-out going to plan, fiber subscriber growth partly o
Slide 11: Financials
Financials @
Slide 12: Service Revenue & EBITDA
Service Revenue & EBITDA Service revenue Adjusted EBITDA Like for like growth Like for like growth 4.4% 4.0% 3.7% 3.3% 3.4% 2.8% 2.9% 2.1% 2.1% 1.0% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Strong growth momentum, predominately in Sweden Slower growth in Q3 as expected, but ahead
Slide 13: OPEX & CAPEX
OPEX & CAPEX OPEX CAPEX and Adjusted EBITDA less CAPEX Return on capital employed Like for like growth Reported SEK in billions, R12, booked CAPEX excl. spectrum Adjusted EBIT/average capital employed -2.6% 20.3 10.3% 9.3% 8.2% 7.5% 12.6 Q3 25 Resources Sales & Other Q3 26 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 14: Free Cash Flow
Free Cash Flow YTD Q3 Q3 Reported SEK in billions 2026 2026 2025 Change Adjusted EBITDA 25.2 8.9 8.5 0.4 EBITDA increase continues to contribute Restructuring and other -1.2 -0.3 -0.3 0.0 Leasing -2.9 -1.0 -0.9 -0.1 Cash CAPEX was lower compared to elevated Cash CAPEX excl. spectrum, non-organic ass
Slide 15: Net Debt & Leverage
Net Debt & Leverage Leverage decreased to 2.00x in Q3 2026, down from 2.06x in Q2 2026 Net debt and leverage − FCF of SEK 3.7bn more than covered the dividend paid of SEK 2.0bn Continuing and discontinued operations, reported SEK in billions, leverage ratio 2.06x 2.00x -1.4 Net debt and leverage tre
Slide 16: Progress on value creation agenda
Progress on value creation agenda Grow FCF per share to Active portfolio Actively manage our Grow DPS and return cover the dividend management balance sheet excess cash to shareholders ‒ R12m FCF per share at SEK 2.61, ‒ Continued portfolio optimization ‒ Leverage at the lower end of the ‒ Quarterly
Slide 17: Summary & outlook
Summary & outlook
Slide 18: Towards a simpler, faster and more efficient Telia
Towards a simpler, faster and more efficient Telia Focus on core connectivity business and adjacencies close to core, be #1 or #2 in Nordic/Baltic markets Ongoing effort to clarify responsibilities and accountability, increase speed of execution, and enabling growth through shifting more resources i
Slide 19: Outlook
Outlook Performance remained strong and customer satisfaction increased further Additional localization announced to drive further simplification and efficiencies 2025-2027 mid-term ambitions Tracking well in line with our mid-term plan Service revenue* Adjusted EBITDA* Outlook for EBITDA and FCF up
Slide 20: A AlIr= ba aal---| Aa
A AlIr= ba 4 aal---| Aa 88/7 7 7 I-f== ity > £= Ee oooy _ _ == =z mam = = | oe | | =) ijooooo} maya, =e|= == a javatavaral nn mal ee eel 1 -— Lea LL Bay Tirir . ~ Y dodee O'S 66 @ Telia Company
Slide 21: Thank you!
Thank you! @
Slide 22: Appendix
Appendix @
Slide 23: Our 2025-2027 financial ambitions
Our 2025-2027 financial ambitions Service revenue* Adjusted EBITDA* CAPEX** Free cash flow*** 2025-2027, CAGR 2025-2027, CAGR 2025-2027 by 2027 SEK SEK 2% 4% <14bn/year >10bn * Based on 2024 as starting point, like for like growth ** CAPEX excl. spectrum and leases (booked) *** Based on the outlook
Slide 24: Our sustainability focus and progress Q3 2026
Our sustainability focus and progress Q3 2026 Securing people and Enabling customers’ Digitally strengthening Empowering a winning digital environments and our own climate all generations culture transition Top-tier position in customer Net-zero emissions by 2040 Empower 1.2 million people Achieve 5
Slide 25: Our climate value creation and commitments
Our climate value creation and commitments Drive and encourage Engage and enable supplier action customers 2040 • Collaborate with • Enable customer → Achieve net-zero: suppliers to drive the emission reduction • Reduce value chain GHG climate transition through smart services emissions (scope 1, 2
Slide 26: Focus areas and strategic goals for sustainable value creation
Focus areas and strategic goals for sustainable value creation Securing people and Enabling customers’ Digitally strengthening Empowering a winning digital environments and our own climate all generations culture transition Top-tier position in customer Net-zero emissions by 2040 Empower 1.2 million
Slide 27: Our key sustainability ratings
Our key sustainability ratings CDP Climate Rating Ecovadis ISS ESG rating Global Child Forum A “Gold supplier” rating -B (Prime status) Ranked No. 1 worldwide in the State of Children’s Rights & Business benchmark 2026 MSCI ESG rating Sustainalytics FTSE4Good World Benchmark Rated Rated Included All
Slide 28: Slide 28