Deutsche Telekom's Q3 2024 investor conference call

Описание: CFO Christian Illek presents DT's Q3 2024 results for investors and answers questions. (November 14, 2024)


0:00:00 Begining of the call
▬▬▬▬▬ Presentation ▬▬▬▬▬
📣 Christian Illek (CFO)
0:00:50 9M/24 consistent reliable growth (p#4)
0:02:09 Financial H1/24 organic (p#5)
0:02:39 Networks (p#6)
0:03:22 Customers (p#7)
0:04:50 Society and Environment (p#8)
0:04:21 Guidance 2024 (p#9)
0:05:17 T-Mobile US: industry leading financial growth (p#11)
0:05:40 T-Mobile US: industry leading customer growth (p#12)
0:06:24 Germany: consecutive quarter of EBITDA growth (p#13)
0:07:10 Germany: total service revenues (p#14)
0:08:08 Germany: Fixed revenues (p#15)
0:09:04 Germany: Fixed KPIs (p#16)
0:10:05 Germany: Mobile KPIs (p#17)
0:10:36 Europe: 27th consecutive quarter of organic EBITDA (#18)
0:11:26 Europe: strong commercial performance continues (p#19)
0:11:36 Systems Solutions (p#20)
0:12:18 Financials Q3/2024 reported (p#21)
0:13:00 FCF AL and adj. net profit (p#22)
0:13:00 Net debt + leverage ratio below (p#23)
▬▬▬▬▬▬▬ Q&A ▬▬▬▬▬▬▬
Questions were answered by Christian Illek (CFO) and Hannes Wittig (Head of IR)
1. 🙋‍♂️ Polo Tang (UBS)
0:15:30 US/election outcome: impact on DT?
0:15:47 DE/competitve intensity: Situation in mobile and fixed?
2. 🙋‍♂️ Adam Fox-Rumley (HSBC)
0:18:38 DE/Macro: Do you see a backdrop?
0:19:00 DE/TV: Q3 net adds lower than Q2. What is the market dynamics?
3. 🙋‍♂️ Joshua Mills [Exane]
0:21:59 DE/political turbulence: impact on DT with respect to regulation, government contracts and stake sale?
4. 🙋‍♂️ Andrew Lee (Goldman-Sachs)
0:24:28 Capital allocation: How do you decide between increasing the stake in TMUS vs buying back DT shares?
0:25:16 DE/competitive intensity/mobile: are there reasons to be concerned?
5. 🙋‍♂️ Stephane Beyazian (Oddo)
0:28:48 DE/competitive intensity/mobile: will there be an impact on 2025 EBITDA?
6. 🙋‍♂️ Akhil Dattani (JP Morgan)
0:29:52 DE/mobile: how are family plans supporting the growth?
0:30:33 US: will EBITDA growth slow down in Q4?
7. 🙋‍♂️ Siyi He (Citi)
0:32:40 DE/competitive intensity/mobile: can DT play a role to calm the market down?
0:33:30 DE/broadband:
8. 🙋‍♂️ Steve Malcolm (Redburn Atlantic)
0:36:30 DE/competitive intensity/mobile: are there any concerns?
0:37:22 EU: outlook on margins in coming years?
9. 🙋‍♂️ James Ratzer (Newstreet-Research)
0:40:42 US: phasing of TMUS share buyback due to increase in TMUS shareprice
0:41:50 US: IRR of share buyback?
10. 🙋‍♂️ Ottavio Adorisio (Bernstein)
0:45:08 FCF in ex-US: why will Q4 be so low?
0:45:55 Softbank lock-up: Overhang to be expected?
11. 🙋‍♂️ Usman Ghazi (Berenberg)
0:50:29 DE/competitive intensity/mobile/B2B: is DT gaining market share? Is the market growing?
0:51:14 FCF: Are there plans to mitigate the upcoming headwind due to the end of payments by German wholesellers to DT for broadband.


Context:
➡️ All Deutsche Telekom documents on Q3 2024 available here https://www.telekom.com/24Q3
▶️ YouTube Playlist 'DT financial results' with recordings of Deutsche Telekom's previous quarterly results calls:    • Deutsche Telekom Financial Results  
➡️ All T-Mobile US documents on Q3 2024 available here: https://investor.t-mobile.com/financi...
▶️ T-Mobile US Q3 2024 investor conference call:    • T-Mobile Q3 2024 Earnings Call Livestream  
▶️ YouTube Playlist 'TMUS financial results' with recordings of T-Mobile US' previous quarterly results calls:    • TMUS Financial Results  

General background:
➡️ Reasons to invest in Deutsche Telekom: https://www.telekom.com/reasons2invest