Fact Sheet
Türk Telekom Group (As of 2012 Q1)
Türk Telekom group is Turkey’s world-class, integrated telecommunication and technology services provider offering its customers the complete range of fixed line, mobile, data, and internet services as well as innovative convergence technologies.
Turkey is one of the largest telecom markets in EMEA region with its 74 mn growing population and increasing number of households.
- Turkey’s leading communication and technology group; TL 2,960 bn Revenue and TL 1,232 bn EBITDA generated in Q1 2012.
- Number one non-bank market cap in Istanbul Stock Exchange and a member of ISE-30 and MSCI Turkey
- Privatized in 2005 and IPO’ed in 2008; a successful transformation resulting in increased efficiency, significant OPEX savings and enlarged service scope
- Strong management team with a broad range of international and sector experience building a pioneering perspective
- Extensive service and distribution networks of Türk Telekom, AVEA and TTNET providing significant opportunities
- Robust revenue and strong cash flow capacity enabling investment in promising segments and continuous growth
- One of the largest and most efficient fixed-line operators in the region
- Turkey’s leading fixed-voice and data provider with 15 mn Access Lines and 7 mn fixed broadband lines
- AVEA - Turkey’s youngest and growing mobile operator with 12.9 mn Mobile Subscribers
Q1 2012 Performance and Highlights
- Consolidated revenue growth sustained with 3% YoY growth
- Strong consolidated EBITDA margin reaching 42%
- Solid mobile business performance despite aggressive competition with 12% YoY revenue growth and 9% YoY subscriber growth
- Successful launches of fixed broadband initiatives set to lift fixed line business growth
- Continued revenue mix trend of shifting into higher growth areas
- Net Income increased 27%, supported by TL appreciation in the first quarter
Group Companies

Ownership Structure

Consolidated Revenue - TL mn

Consolidated EBITDA & Margin (TL mn)

Revenue Breakdown (Q1’12)

* Includes leased lines, interconnection, and international revenues
| Fixed Line Highlights |
| (TL mn) |
Q1'11 |
Q4'11 |
Q1'12 |
| Revenue |
2.265 |
2.306 |
2.255 |
| EBITDA |
1.277 |
1.116 |
1.152 |
| Margin |
51% |
48% |
51% |
| Fixed Line Highlights |
| KPI |
Q1'11 |
Q4'11 |
Q1'12 |
| Fixed Access Lines – mn |
15.79 |
15.2 |
15.0 |
| PSTN ARPU – TL |
22.12 |
21.9 |
22.3 |
| ADSL Connections - mn |
6.72 |
6.8 |
7.0 |
| ADSL ARPU - TL |
36.04 |
36.3 |
36.0 |
* Fixed line revenues stayed flat YoY
* 3% YoY revenue growth in fixed broadband driven by both upsell and subscriber growth
| Mobile Highlights |
| (TL mn) |
Q1'11 |
Q4'11 |
Q1'12 |
| Revenues |
703 |
802 |
787 |
| EBITDA |
70 |
127 |
78 |
| Margin |
10% |
16% |
10% |
| Mobile Highlights |
| KPI |
Q1'11 |
Q4'11 |
Q1'12 |
| Mobile Subscribers – mn |
11.82 |
12.8 |
12.9 |
| Mobile ARPU - TL |
19.13 |
20.5 |
19.9 |
* 12% YoY revenue growth driven by increased data revenue, subscriber base growth, and improved tariff mix despite intense competition
* 170 K subscriber net add in Q1 and 1.1 mn net add since the same period in 2011
Consolidated Income Statements (TL millions) |
2011 |
Q1'11 |
Q1'12 |
| Revenues |
11,941 |
2,887 |
2,960 |
| OPEX |
6,864 |
1,610 |
1,728 |
| EBITDA |
5,077 |
1,277 |
1,232 |
| Margin |
43% |
44% |
42% |
| Operating Profit |
3,501 |
874 |
817 |
| Margin |
29% |
30% |
28% |
| Net Financial In./Ex. |
(891) |
(121) |
160 |
| Tax Expense |
(710) |
(181) |
(233) |
| Net Profit |
2,069 |
609 |
772 |
| Margin |
17% |
21% |
26% |
| EPS - Kurus |
0.59 |
0.17 |
0.22 |
| DPS - Kurus (Gross) |
0.54* |
|
|
| Dividend |
1,896* |
|
|
| CAPEX |
2,296 |
314 |
405 |
Consolidated Balance Sheet (TL millions) |
2011 |
Q1'11 |
Q1'12 |
| Intangible Assets |
3,540 |
3,466 |
3,474 |
| Tangible Assets |
8,156 |
7,399 |
8,197 |
| Other Assets |
3,499 |
3,164 |
3,637 |
| Cash and Euqivalents |
979 |
1,133 |
1,063 |
| Total Assets |
16,174 |
15,162 |
16,371 |
| Share Capital |
3,260 |
3,260 |
3,260 |
| Reserved and Retained Earnings |
2,509 |
3,497 |
3,167 |
| Interest Bearing Liabilities |
5,346 |
3,756 |
5,312 |
| Provisions for LT Employee Benefits |
563 |
615 |
583 |
| Other Liabilities |
4,496 |
4,034 |
4,049 |
| Total Equity and Liabilities |
16,174 |
15,162 |
16,371 |
Consolidated Cash Flow Statement (TL millions) |
2011 |
Q1'11 |
Q1'12 |
| CF from Operating Activities |
3,970 |
722 |
347 |
| CF from Investing Activities |
(2,060) |
(108) |
(315) |
| CAPEX |
(2,327) |
(198) |
(375) |
| Other Investing Activities |
267 |
90 |
60 |
| CF from Financing Activities |
(2,073) |
(663) |
86 |
| Net Change in Cash Position |
(163) |
(49) |
118 |