Investor Presentaiton

Summary of Key Credit Strengths Group ☐ Wireline Wireless ☐ Management focused on cash flow generation and reducing costs and capital expenditure further ■ Low Leverage (Net Debt/EBITDA) of 2.1x with scope for further debt reduction ☐ Interest coverage and cash flow to debt ratios are strong and amongst the best in the European telecom operator universe ■ Solid liquidity position ■ Stable Group revenues and EBITDA ■ Wireline trends are encouraging with successful cost reductions achieved ■ Wireline competitive landscape is becoming less aggressive Further stabilisation of revenues Additional cost cutting measure to mitigate effect of higher interconnection and personnel costs Wireless growth potential from foreign operations ■ UMTS is already commercially launched in Austria at low cost Increase in revenues and earnings, but at lower growth rates TELE KOM AUS TRIA

View entire presentation