Telia Company Results Presentation Deck
NET DEBT AND LEVERAGE
17
2.55x
78.3
*
Net debt and leverage development
SEK billion and leverage ratio
-7.5
Q4 20 Operations
3.7
Cash
CAPEX
2.7
Other
= Leverage ratio (multiple, rolling 12 months)
2.52x
77.2
Q1 21
-9.1*
Telia
Carrier
proceeds
2.29x
68.1
Q1 21
proforma**
Equity value
** Proforma reduce the net debt by the proceeds from the Telia Carrier divestment. Correspondingly, EBITDA is
reduced by the Telia Carrier 12-month contribution
Leverage ratio slightly improved to 2.52x
• Net debt reduced by SEK 1.1bn despite a SEK 2.7bn
negative impact from fx and change in lease liabilities.
• Telia Carrier transaction to close 1 June 2021
●
Proforma leverage post the Telia Carrier transaction
estimated at 2.29x
Net debt/ adjusted EBITDA in the range of 2.0-2.5xView entire presentation