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FINANCIAL & OPERATIONAL INFORMATION

Fact Sheet

Fact Sheet

Türk Telekom Group - 1Q 2013

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 over 75 mn growing population and increasing number of households.

Group Companies

Group Companies




Ownership

Ownership




Overview of Türk Telekom Group

  • Turkey’s leading communication and technology group; TL 3.1 bn revenue and TL 1.15 bn EBITDA generated in Q1 2013
  • 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
  • 45% of the total revenues in Turkish telecom market is generated by Turk Telekom Group
  • Turkey’s leading fixed-voice and data provider with 14 mn access lines and 7.1 mn broadband lines
  • AVEA - Turkey’s youngest and growing mobile operator with 13.7 mn mobile subscribers
  • Solid dividend policy of maximum payout as defined in the Articles of Association

Consolidated Revenue - (TL mn)

Consolidated Revenue




Revenue Breakdown

Revenue Breakdown - 2010 YE




2012 Performance and 2013 Guidance

  • Solid performance in all segments leading to a top-line growth of 6.2% year on year
  • EBITDA remained flat YoY excluding one off effect of voluntary retirement incentive payment
  • 2013 Guidance (Consolidated)
    • 5 - 7 % Revenue growth
    • Between TL 5.1 billion & TL 5.3 billion EBITDA
    • Around TL 2.2 billion CAPEX

Fixed Line Highlights

  • 12% broadband revenue growth YoY backed by 66K net subscriber growth in Q1’13 and 9% ARPU increase
  • Positioned to reap benefits from penetration increase
  • Strongest player in fiber with highest home-pass

Fixed Line Highlights

KPI Q4’11 Q4’12 Q4’12
Total Access Lines – mn 15.0 14,3 14,0
Fixed Voice ARPU – TL 22.3 22.2 22.0
Broadband Connections – mn 7.0 7.0 7.1
Broadband ARPU – TL 36.0 37.4 39.3

Mobile Highlights

  • Strong start to the year in mobile business with 240K net subscriber additions, 17% YoY revenue increase, and 40% EBITDA increase YoY
  • Highest postpaid to total subscribers ratio in the market
  • 10% YoY growth in ARPU – Highest ARPU in the market as of Q4 2012

Mobile Highlights



KPI Q1’12 Q4’12 Q1’13
Mobile Subscribers – mn 12.9 13.5 13.7
Mobile ARPU – TL 19.9 22.4 21.9

Summary Financials

Consolidated Income Statements
(TL millions)
2012 Q1’12 Q4’12 Q1’13
Revenues 12,706 2,960 3,327 3,143
OPEX 7,610 1,728 2,035 1,992
EBITDA 5,096 1,232 1,292 1,151
Margin 40% 42% 39% 37%
Operating Profit 3,400 817 851 712
Margin 27% 28% 26% 23%
Net Financial In./Ex. (33) 160 (87) (34)
Tax Expense (773) (233) (165) (161)
Net Profit 2,637 772 600 526
Margin 21% 26% 18% 17%
EPS - Kurus 0.75 0.22 0.17 0.15
DPS - Kurus (Gross) 0.69*      
Dividend 2,413*      
CAPEX 2,435 401 814 254

*Subject to AGM Approval

Consolidated Balance Sheet
(TL millions)
31.03.2012 31.12.2012 31.03.2013
Intangible Assets 3,474 4,050 4,013
Tangible Assets 8,197 8,347 8,179
Other Assets 3,637 3,850 4,135
Cash and Euqivalents 1,063 961 1,429
Total Assets 16,371 17,208 17,756
Share Capital 3,260 3,260 3,260
Reserved and Retained Earnings 3,167 3,195 3,691
Interest Bearing Liabilities 5,312 6,038 6,548
Provisions for LT Employee Benefits 583 749 620
Other Liabilities 4,049 3,966 3,637
Total Equity and Liabilities 16,371 17,208 17,756
Consolidated Cash Flow Statement
(TL millions)
2012 Q1’12 Q4’12 Q1’13
CF from Operating Activities 3,579 331 1,212 211
CF from Investing Activities (1,972) (299) (661) (220)
CF from Financing Activities (1,387) 88 (556) 435
Net Change in Cash Position 220 118 (5) 426
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