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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 4.5 bn revenue and TL 1.7 bn EBITDA and total subscribers increased to 39.6 mn in Q2 ‘17
  • Turkey’s growing mobile operator with 18.8 mn subscribers as of Q2 ‘17
  • Turkey’s leading fixed-voice and data provider with 13.2 mn total access lines, 9.1 mn broadband subscribers of which 2.3 mn is fiber subscribers as of Q2 ‘17

Ownership

Revenue Breakdown (2016 Q1)

*According to Official Gazette 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

  • 10% - 11% Revenue growth*
  • TL 6.3 bn & TL 6.4 bn EBITDA levels
  • Around TL 3.3 bn CAPEX

* Excluding construction adjustment

Revenue Breakdown (2017 Q2)

Revenue Breakdown (2016 Q1) 

Group Structure

Group Structure 

Fixed Broadband

Fixed Broadband 

  • 188K net additions in Q2 ‘17
  • Fiber subscribers increased to 2.3 mn as of Q2 ‘17
  • Türk Telekom’s length of total fiber network in Turkey is 241K kilometers with 15.0 mn  homepass coverage* as of Q2 ‘17
  • 15.0 mn homepass consists of 4.2 mn FTTH/B and 10.8 mn FTTC

Mobile

Mobile Performance 

  • 50K net additions in Q2 ‘17
  • Smartphone penetration increased to 78%

TV

TV 

  • 121K Home TV net additions in Q2 ‘17
  • Home TV ARPU realized at TL 17.4 in Q2 ‘17

Fixed Voice

Fixed Voice 

Financial Performance

Financial Performance 

Summary Financials

Consolidated Income Statement (TL mn) 2016 Q2 ‘16 Q1 ‘17 Q2 ‘17
Revenues 16,109 3,940 4,307 4,501
EBITDA 5,470 1,322 1,528 1,712
Margin 34.0% 33.6% 35.5% 38.0%
Operating Profit 2,621 627 807 939
Margin 16.3% 15.9% 18.7% 20.9%
Financial Income/(Expense) (3,018) (212) (622) 249
Tax Expense (328) (168) (119) (298)
Net Income (724) 248 66 890
Margin n.m. 6.3% 1.5% 19.8%
Consolidated Cash Flow Statement (TL mn) 2016 Q2 ‘16 Q1 ‘17 Q2 ‘17
Operating Cash Flow 4,933 880 429 1,500
Investing Cash Flow (4,612) (1,513) (615) (1,417)
CAPEX (4,667) (1,526) (442) (1,450)
Other Investing Activities 55 13 (173) 32
Financing Cash Flow (219) (824) (184) (581)
Net Change in Cash Position 102 (1,458) (370) (498)
Consolidated Balance Sheet (TL mn) 30.06.2016 31.03.2017 30.06.2017
Total Assets 26,626 26,702 25,733
Intangible Assets 8,076 8,480 8,252
Tangible Assets 8,752 8,313 8,358
Other Assets 6,583 7,273 7,000
Cash and Equivalents 3,214 2,636 2,123
Total Equity and Liabilities 26,626 26,702 25,733
Share Capital 3,260 3,260 3,260
Reserves, Retained Earnings  and Other Equity Items 1,395 211 1,084
Interest Bearing Liabilities 13,722 15,594 14,754
Provisions for Employee Termination Benefits 601 637 651
Other Liabilities 7,648 7,000 5,983
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