BUSINESS AND FINANCIAL REVIEW JANUARY - MARCH 2019

Analyst presentation 26 APRIL 2019

Disclaimer

These materials and the oral presentation do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company nor should they or any part of them or the fact of their distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto

In particular, these materials and the oral presentation are not an offer of securities for sale in the United States. The Company's securities have not been, and will not be, registered under the US Securities Act of 1933, as amended

The third party information contained herein has been obtained from sources believed by the Company to be reliable. Whilst all reasonable care has been taken to ensure that the facts stated herein are complete and accurate and that opinions and expectations contained herein are fair and reasonable, no representation or warranty, expressed or implied, is made by the Group or its advisors, with respect to the completeness or accuracy of any information and opinions contained herein

These materials and the oral presentation contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Group. These forward-looking statements represent the Company's expectations or beliefs concerning future events and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Additional detailed information concerning important factors that could cause actual results to differ materially is available in the Group's Annual Report

These materials include non-IFRS measures, such as EBITDA. The Company believes that such measures serve as additional indicators of the Group's operating performance. However such measures are not replacements for measures defined by and required under IFRS. In addition, some key performance indicators utilised by the Company may be calculated differently by other companies operating in the sector. Therefore, the non-IFRS measures and key performance indicators used in these materials may not be directly comparable to those of the Group's competitors

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Executive summary - highlights

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HT GROUP BUSINESS HIGHLIGHTS

Highlights

Business

Magenta1 continues to attract customers; 209,000 households and 21,000 business accounts in Croatia

Strong investments in mobile and fixed broadband networks to ensure superior customer experience

Continuous increase in NGA coverage and access speed in fixed broadband; intensive modernization of mobile network throughout Croatia

Pilot 5G network and data sessions established in real production network environment

HT participated in 2600Mhz spectrum award and acquired block of 2x20Mhz

Purchase of HP Produkcija, provider of evotv service through DVBT technology, completed

Preparations for Telekom Banking services finalised; official launch soon

One App digital service with 113,000 monthly active users and average rating of 4.5 on Google Play platform

Financial

Continuation of strong financial performance

CAPEX/Sales ratio at high 21.8% supporting strong investments

Group applied new accounting standard IFRS 16 Leases as of 1 January 2019; "After leases" concept (AL) introduced to enable comparability

Outlook 2019 unchanged

Share buyback ongoing at accelerated pace

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Accounting changes and New reporting kpis; brief overview

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T-HT - Hrvatski Telekom dd published this content on 26 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2019 07:07:08 UTC