Q FINANCIAL REPORT. Lars-Johan Jarnheimer President and CEO

Transcription

1 Q4 26 FINANCIAL REPORT Lars-Johan Jarnheimer President and CEO

2 TELE2: Q4 26 RESULTS SEK MILLION Q4 Q4 Full Year Full Year Continuing operations Operating revenue 12,952 12,635 5,36 44,457 Net customer intake (thousands) 953 1,25 2,778 3,621 EBITDA 1,466 1,415 5,652 5,772 Mobile revenues in Q4 increased by 28 % to SEK 5.2 billion Strong push in broadband during the fourth quarter adding a total of 253, new broadband customers Fixed Telephony EBITDA margin 13 % in Q4 26 All numbers including discontinued operations

3 CONCENTRATIONS OF SCALE AND SCOPE Today 22 Countries Mobile/MVNO in 14 countries Broadband in 12 countries Fixed in 15 countries Tomorrow Continue the strategic review to create geographic concentration Focus on Mobile success use the fixed line base to cross sell broadband Create necessary scale in operations that we believe in Our long term success depends on it

4 SHIFT IN REVENUE MIX THE TREND IS CLEAR Sales - Q4 26 Sales - Q % 12% 42% 33% 41% 55% Broadband (resale & direct access) Fixed telephony resale Mobile

5 EXCELLENT PERFORMANCE IN MOBILE TELEPHONY SEK MILLION Q4 Q4 Full Year Full Year Mobile Telephony Operating revenue 5,245 4,94 19,52 14,672 Net customer intake (thousands) 1,146 1,281 4,17 3,261 EBITDA 1, ,856 3,63 Strong position in Mobile. Mobile Revenues in Q4 increased 28 % to SEK 5.2 billion Russia and Baltic developing above expectations. Total customer base for the market area in excess of 1 million Continue to evaluate the MVNO business case

6 TELE2s SHARE OF NET ADDS IN RUSSIA (%) 1% 9% 14% 19% Source: ACM Record net intake of 933, customers Revenue improved by 161 % to SEK 988 million Despite record high customer intake, EBITDA margin at 27 % in Q4

7 STRONG PUSH IN BROADBAND RESALE, DIRECT ACCESS AND LLUB SEK MILLION Q4 Q4 Full Year Full Year Broadband resale, DA/LLUB Operating revenue 2,12 1,492 7,29 3,577 Net customer intake (thousands) EBITDA ,86-39 Fourth quarter added a total of 253, new broadband customers, a 66 % increase on a sequential basis Broadband is being evaluated market by market. Scale is more important than the regulatory environment

8 RATE OF DECLINE IN THE CUSTOMER BASE IS SLOWING SEK MILLION Q4 Q4 Full Year Full Year Fixed telephony resale Operating revenue 5,8 6,657 21,787 25,27 Net customer intake (thousands) , EBITDA ,41 2,111 Fixed line resale revenue down 1 %, which represents a lower sequential rate of decrease compared to Q3 26 Churn is being better managed Fixed telephony EBITDA margin solid at 13 % Cross selling important opportunity

9 Q4 26 SUMMERIZED Excellent development in Mobile Telephony, with a revenue growth of 28 % in Q4 Strong learning curve in Broadband/Direct Access with net adds of 253, Churn management in Fixed Line Telephony leading to a more stable decline in the customer base TELE2: CONTINUED OPERATIONS MSEK Q4 26 Q4 25 Operating revenue* 12,952 12, % EBITDA* 1,466 1, % Net intake ( ) 953 1,25-21 % *Excluding non-recurring items

10 FINANCIAL COMMENTS ON 27 Our previous outlook for 27 remains unchanged: We expect significantly higher EBITDA and higher organic growth compared to 26

11 Q4 26 FINANCIAL REPORT Lars Torstensson Investor Relations Director

12 FINANCIAL OVERVIEW FOR Q4 26 CONTINUING OPERATIONS Revenues EBITDA * CAPEX Customer Net Additions (thousands) Q ,952 1,466 1, Difference to Q % *Incl. one-off items

13 FINANCIAL OVERVIEW FOR Q4 26 DISCONTINUED OPERATIONS Revenues EBITDA CAPEX Customer Net Additions (thousands) Q Difference to Q % Negative EBITDA because of marketing efforts in broadband Customer loss in fixed line telephony

14 OPERATING REVENUE PER SEGMENT 6 MOBILE 8 FIXED TELEPHONY RESALE BROADBAND RESALE 1 8 DIRECT ACCESS & LLUB

15 ARPU PER SEGMENT/GROUP (SEK) Q4 26 Q4 25 Mobile Fixed telephony Broadband resale Direct access & LLUB (SEK) Q4 26 Q4 25 Group ARPU slightly down at 142 (153) Dilution from high growth in low ARPU regions, particularly Russia, offset by increased intake of broadband customers

16 EBITDA AND NET INTAKE PER SEGMENT MOBILE (') FIXED TELEPHONY RESALE (') EBITDA 26 Net intake EBITDA 26 Net intake BROADBAND RESALE (') DIRECT ACCESS & LLUB (') EBITDA Net intake EBITDA Net intake

17 P&L IMPACT FROM BROADBAND GROWTH P&L impact from Broadband growth Q Q Q NET INTAKE Broadband resale ( ) Direct access and LLUB ( ) ACQUISITION COST Broadband resale (SEK) 1,45 2,5 1,5 Direct access and LLUB (SEK) 1,3 1,5 3,6

18 MOBILE SALES +28 % 6 MOBILE 1 2 MOBILE (') Sales 26 Q1 26 EBITDA 26 Net intake EBITDA IMPACT FROM FRANCE & CROATIA: -317 MSEK in Q MSEK compared to Q4 25 Adjusted for non-recurring

19 RUSSIA SALES +161 % 1 2 Russia Mobile 3 Russia Mobile (') Sales 26 EBITDA 26 Net intake Net intake of 933, customers to a total of 6,453, customers ARPU of 55 SEK in Q4 26 compared to 43 SEK in Q4 25 EBITDA margin 27 % (-12 %)

20 BALTIC & CROATIA MOBILE SALES +15 % 1 2 Baltic & Croatia Mobile 4 Baltic & Croatia Mobile (') Sales 26 EBITDA 26 Net intake Mobile roll-out in Croatia MSEK

21 SWEDEN MOBILE SALES +1 % Sweden Mobile 1 Sweden Mobile (') Sales 26 EBITDA 26 Net intake EBITDA-margin effected by higher marketing costs in Q4 More than 4 post-paid net adds in Q4 Adjusted for non-recurring

22 NORDIC EXCL. SWEDEN MOBILE SALES +3 % 8 Nordic excl. Sweden - Mobile 8 Nordic excl. Sweden - Mobile (') Sales 26-6 EBITDA Net intake -6 Adjusted for Tele2/Telenor MVNO accounting

23 SOUTHERN EUROPE MOBILE SALES 35 Southern Europe - Mobile 5 Southern Europe - Mobile (') Sales 26 EBITDA 26 Net intake More than 4, MVNO customers in France vs. 35, at end Q3 26

24 UK & BENELUX MOBILE SALES -1 % 6 UK & Benelux - Mobile 14 UK & Benelux - Mobile (') Sales 26 EBITDA 26 Net intake

25 NET DEBT 18 Net debt 3,6 15 3,2 2,8 12 2,4 9 2, 1,6 6 1,2 3,8,4 Q1 Q , Net Debt Net Debt to EBITDA Q4 26 excludes proceeds from divested operations in France, which will have a Net Debt effect of 3,3 billion SEK

26 DO NOT FORGET Contacts Visit Conference call today at 16. CET Web-cast at Q1 27: 25 April 27 Lars-Johan Jarnheimer Telephone: + 46 () President and CEO, Tele2 AB Lars Torstensson Telephone: + 46 () IR Director, Tele2 AB