Liberty Global Results Presentation Deck
TELENET(¹): FORMALLY LAUNCHED NETCO; PRICE
RISES TO IMPACT H2
¶
MACRO
Inflation declining steadily to
4% in June
●
●
• GDP forecast low (~1%) (3)
HH energy costs down 25%(4)
●
MARKET CONTEXT
TNET price rise of 6% in
fixed/mobile effective June;
other operators doing same
●
Consumer confidence stable
in June
●
●
Premium brands under
pressure; growth in lower end
of market
Mobile offers ramping to drive
growth in FMC
BROADBAND NET ADDS
(000'S)
0 0
2
8
(2)
18
Q2'22 Q3'22 Q4'22 Q1'23 Q2'23
52%
FMC
POSTPAID MOBILE NET ADDS
(000'S)
(5)
11 13
(5)
Q2'22 Q3'22 Q4'22 Q1'23 Q2'23
(1) YoY growth rates presented on a rebased basis. See the Appendix for additional information and reconciliations.
(2) Telenet B2B growth rate presented excluding Regulated Wholesale. B2B as a % of revenue presented included Regulated Wholesale.
(3) Full Year 2023 estimate.
(4) H1 '23 vs. H2 '22.
Q2 GROWTH (%)
TOTAL
REVENUE
FIXED
CONSUMER
MOBILE
CONSUMER
B2B(2)
(FIXED & MOBILE)
OTHER
ADJ EBITDA
REVENUE SPLIT (%)
FIXED
CONSUMER
MOBILE
CONSUMER
B2B(2)
(FIXED & MOBILE)
OTHER
+1.0%
-0.1%
+5.7%
+2.8%
-14.1%
+5.0%
44%
21%
26%
9%
Q2 RESULTS
Broadband and postpaid
net adds impacted by June
price rise, temporary IT
system issue, and intense
competitive environment
Revenue growth supported
by higher subscription
revenue and B2B
●
EBITDA growth supported by
one-time settlement & lower
license and maintenance fees
STRATEGIC UPDATE
Port of Antwerp first private
5G network trial in Q2
●
Wyre launched July 1,
targeting 100k FTTH HP's by
YE'23
FTTH upgrade up to 78% of
footprint; attractive build costs
C
Orange agreement supports
Wyre wholesale and expansion
to the South
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