Deutsche Telekom's Q2-2025 investor conference call

Описание: CEO Tim Höttges and CFO Christian Illek will present DT's Q2 2025 results for investors and answers questions on August 7, 2025.

0:00:00 Start
0:00:06 Beginning of the call
▬▬▬▬▬ Presentation ▬▬▬▬▬
📣 Tim Höttges (CEO)
0:00:46 Q1/25 consistent reliable growth (p#4)
0:03:08 Financial Q1/25 organic (p#5)
0:03:23 Networks (p#6)
0:04:10 AI and Digital (p#7)
0:06:43 Customers (p#8)
0:10:00 ESG (p#9)
0:10:30 Guidance 2025 (p#10)
📣 Christian Illek (CFO)
0:12:01 US: Financial growth (p#12)
0:12:54 US: Customer growth(p#13)
0:14:20 DE: EBITDA growth (p#14)
0:16:42 DE: Service revenues (p#15)
0:18:14 DE: Fixed revenues (p#16)
0:18:48 DE: Fixed KPIs (p#17)
0:20:21 DE: Mobile KPIs (p#18)
0:20:54 EU: Financials (p#19)
0:21:27 EU: Commercial KPIs (p#19)
0:22:10 Systems Solutions (p#21)
0:23:00 Financial Q1/25 reported (p#22)
0:23:15 FCF AL and adj. net profit (p#23)
0:24:34 Net dept (#24)
📣 Tim Höttges (CEO)
0:26:00 Q2/25 Key messages (p#26)

▬▬▬▬▬▬▬ Q&A ▬▬▬▬▬▬▬
Questions were answered by Tim Höttges (CEO), Christian Illek (CFO) and Hannes Wittig (Head of IR)
0:25:16 1. 🙋‍♂️ James Ratzer (Newstreet)
➡️ DE - broadband net-adds: will DT be more price aggressive or mor subscriber losses in rest of 2025=
➡️ DT - Gigafactory JV with Nvidia: what is the financial impact? Hoe to quantify investments + revenues?
0:34:10 2. 🙋‍♂️ Robert Grindle (Deutsche Bank)
➡️ US - DT's view on the US in context of the tax threat 899, tax benefits, M&A approvals and DEI push back?
➡️ Financial reserve: will DT apply cash firepower earmarked at the CMD24 or too early?
0:25:16 3. 🙋‍♂️ Akhil Dattani (J.P. Morgan)
➡️ DE - broadband market: as the largest operators loose ca 100k subscribers: has something changed?
➡️ US - growth perspective: Does DT see growth opportunities? Organic or M&A?
0:44:31 4. 🙋‍♂️ Joshua Mills (Exane)
➡️ DE - broadband: is FTTH a tool to grow the market?
➡️ AI - DT's engagement in AI investments: Is DT in talks with other EU telcos to offer
0:50:33 5. 🙋‍♂️ Polo Tang (UBS)
➡️ DT - 500bn state investment in infrastructure: what is the impact on the DE market? Will DT benefit?
➡️ DT - Gigafactory JV with Nvidia: what is DT's role and what is the business model?
0:56:28 6. 🙋‍♂️ Carl Murdock-Smith (Citi)
➡️ DE - IT spendings by public sector: what is the visability of government spendings?
➡️ DE - accounting adjustments due to court ruling: why is the impact now in Q2? When was the ruling?
0:59:19 7. 🙋‍♂️ Ottavio Adorisio (Bernstein)
➡️ DE - FTTH adoption
➡️ DE - EBITDA guidance: runrate in Q4-2025?
1:04:40 8. 🙋‍♂️ Steve Malcolm (Redburn)
➡️ DE - tax: quantification of impact from tax reliefs?
➡️ Capital allocation: why did DT not buy shares form Softbank?
1:08:47 9. 🙋‍♂️ Paul Sidney (Berenberg)
➡️ DE - preformance management: how does DT judge the success long and short term?
➡️ M&A in DE: is anorganic growth a perspective for DT?
1:15:45 10. 🙋‍♂️ David Wright (BofA Merrill Lynch)
➡️ Shareholder remuneration: what could be a reason, not to extend the share buyback into 2026?
➡️ DE broadband - could DT accelerate FTTH build-out to slow line loss?