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Fact Sheet

TTKOM Bloomberg: TTKOM TI Reuters: TTKOM IS

Türk Telekom Group is Turkey's world-class, integrated telecommunication and technology services provider offering its customers the complete range of mobile, broadband, data, TV and fixed voice services as well as innovative convergence technologies under the unified "Türk Telekom" brand. Turkey is one of the largest telecom markets in EMEA region with over 79 mn growing population and increasing number of households.

Overview of Türk Telekom

  • Privatized in 2005 and IPO'ed in 2008; underwent a successful transformation resulting in increased efficiency and enlarged service scope
  • Strong management team with a broad international and sector experience
  • Türk Telekom Group unified its mobile, broadband, TV and fixed voice brands under single "Türk Telekom" brand
  • Robust revenue and strong cash flow capacity enabling investment in promising segments and continuous growth

Financial and Operational Highlights

  • Turkey's first integrated operator recorded TL 16.1 bn revenue and TL 5.5 bn EBITDA in 2016
  • Turkey's youngest and growing mobile operator with 18.6 mn subscribers as of Q4'16
  • Turkey's leading fixed-voice and data provider with 13.1 mn total access lines, 8.7 mn broadband subscribers of which 2.0 mn is fiber subscribers as of Q4'16

Ownership

Revenue Breakdown (2016 Q1)

*According to Official Gazette was published on 5 February 2017, Council of Minister decided to transfer 6.68% (5% B Group & 1,68% D Group shares) of the shares of the Company belonging to the Turkish Treasury to the Turkish Wealth Fund.

2017 Guidance

  • 8% - 9% Revenue growth*
  • TL 5.8 bn & TL 6.0 bn EBITDA levels
  • Around TL 3 bn CAPEX

* Excluding construction adjustment

Revenue Breakdown (2016)

Revenue Breakdown (2016 Q1) 

Group Structure

Group Structure 

While Türk Telekom unified mobile, fixed voice, fixed broadband and TV brands under single "Türk Telekom" brand, TTNET A.S., and Avea İletisim Hizmetleri A.S. legal entities remain intact.

Fixed Broadband

Fixed Broadband 

  • 262K net additions in Q4 '16
  • Türk Telekom's length of total fiber network in Turkey is 228K kilometers with 13.9 mn homepass coverage* as of Q4 '16
  • *13.9 mn homepass consists of 3.9 mn FTTH/B and 10.0 mn FTTC

Mobile

Mobile Performance 

  • 187K net additions in Q4 '16
  • Smartphone penetration increased to 75% - the highest in the market

TV

TV 

  • 87K Home TV net additions in Q4 '16
  • Home TV ARPU realized at TL 19.2 in Q4 '16

Fixed Voice

Fixed Voice 

Financial Performance

Financial Performance 

Summary Financials

Consolidated Income Statement (TL mn) 2015 2016 Q4'15 Q4'16

Revenues

14,523

16,109

3,867

4,250

EBITDA

5,334

5,470

1,416

1,434

Margin

36.7%

34.0%

36.6%

33.8%

Operating Profit

3,062

2,621

801

658

Margin

21.1%

16.3%

20.7%

15.5%

Financial Income/(Expense)

(1,801)

(3,018)

470

(2,180)

Tax Expense

(398)

(328)

(232)

134

Net Income

907

(724)

1,039

(1,388)

Margin

6.2%

(4.5%)

26.9%

(32.7%)

EPS

0.26

n.m.

0.30

n.m.

DPS (TL)

0.24

Dividend

841

Consolidated Cash Flow Statement (TL mn) 2015 2016 Q4'15 Q4'16

Operating Cash Flow

4,498

4,933

1,676

2,243

Investing Cash Flow

(3,166)

(4,612)

(1,803)

(1,910)

CAPEX

(3,320)

(4,667)

(1,941)

(1,943)

Other Investing Activities

153

55

138

33

Financing Cash Flow

(1,089)

(219)

198

(503)

Net Change in Cash Position

243

102

70

(170)

Consolidated Balance Sheet (TL mn) 2015 2016

Total Assets

25,774

26,874

Intangible Assets

8,217

8,341

Tangible Assets

8,565

8,710

Other Assets

6,154

6,806

Cash and Equivalents

2,838

3,016

Total Equity and Liabilities

25,774

26,874

Share Capital

3,260

3,260

Reserves, Retained Earnings  and Other Equity Items

1,733

126

Interest Bearing Liabilities

11,803

15,041

Provisions for Employee Termination Benefits

635

696

Other Liabilities

8,342

7,751

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