Financials BT Group plc

Equities

Market Closed - London S.E. Other stock markets 11:35:27 2024-11-29 am EST			5-day change	1st Jan Change
159.30 ^GBX	+0.03%		+5.32%	+28.88%

Nov. 28	BT: Claire Gillies to head up Consumer division	CF
Nov. 27	BT Group plc Announces Executive Changes	CI

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	22,824	21,370	20,845	20,669	20,835	20,497	20,550	20,605
Change	-	-6.37%	-2.46%	-0.84%	0.8%	-1.62%	0.26%	0.27%
EBITDA ¹	7,907	7,415	7,577	7,928	8,100	8,118	8,208	8,311
Change	-	-6.22%	2.18%	4.63%	2.17%	0.23%	1.11%	1.25%
EBIT ¹	3,611	3,068	3,172	3,175	3,201	3,294	3,351	3,472
Change	-	-15.04%	3.39%	0.09%	0.82%	2.9%	1.73%	3.63%
Interest Paid ¹	-897	-773	-821	-826	-1,007	-974.6	-1,024	-1,020
Earnings before Tax (EBT) ¹	2,353	1,804	1,963	1,729	1,186	1,846	1,925	2,064
Change	-	-23.33%	8.81%	-11.92%	-31.41%	55.66%	4.28%	7.23%
Net income ¹	1,734	1,472	1,274	1,905	855	1,469	1,583	1,706
Change	-	-15.11%	-13.45%	49.53%	-55.12%	71.8%	7.8%	7.71%
Announcement Date	5/7/20	5/13/21	5/12/22	5/18/23	5/16/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	5,779	5,578	5,250	5,357	5,477	5,286	5,070	5,238	5,369	5,168	5,133	5,235	5,212	5,089	5,164	5,250	5,344	5,077	5,086	5,226	5,226
Change	-	-3.48%	-5.88%	2.04%	2.24%	-3.49%	-4.09%	3.31%	2.5%	-3.74%	-0.68%	1.99%	-0.44%	-2.36%	1.47%	1.67%	1.79%	-5%	0.18%	2.76%	0%
EBITDA	1,977	2,007	1,813	1,908	1,882	1,812	1,866	1,882	1,960	1,869	1,903	1,970	2,007	2,048	2,033	2,061	2,028	1,978	2,071	-	-
Change	-	1.52%	-9.67%	5.24%	-1.36%	-3.72%	2.98%	0.86%	4.14%	-4.64%	1.82%	3.52%	1.88%	2.04%	-0.73%	1.38%	-1.6%	-2.47%	4.7%	-100%	-
EBIT	119	1,651	-	987	43	-	-	-	-	-	482	1,048	-	-	-	-	-	-	-	-	-
Change	-	1,287.39%	-100%	-	-95.64%	-100%	-	-	-	-	-	117.43%	-100%	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	578	-	561	501	529	-	-	473	528	426	482	349	476	422	-	-	-	-	-	-	-
Change	-	-100%	-	-10.7%	5.59%	-100%	-	-	11.63%	-19.32%	13.15%	-27.59%	36.39%	-11.34%	-100%	-	-	-	-	-	-
Net income	458	208	448	408	420	196	-	429	455	388	422	471	427	585	-	-	-	-	-	-	-
Change	-	-54.59%	115.38%	-8.93%	2.94%	-53.33%	-100%	-	6.06%	-14.73%	8.76%	11.61%	-9.34%	37%	-100%	-	-	-	-	-	-
Announcement Date	1/30/20	5/7/20	7/31/20	10/29/20	2/4/21	5/13/21	7/29/21	11/4/21	2/3/22	5/12/22	7/28/22	11/3/22	2/2/23	5/18/23	7/27/23	11/2/23	2/1/24	5/16/24	11/7/24	-	-

¹GBP in Million

Estimates

Fiscal Period: March	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S2	2025 S1	2025 S2
Net sales	10,607	10,763	10,308	10,537	10,368	10,313	10,421	10,138	-
Change	-	1.47%	-4.23%	2.22%	-1.6%	-0.53%	1.05%	-2.72%	-100%
EBITDA ¹	3,721	3,694	3,748	3,829	3,873	4,055	-	4,132	2,013
Change	-	-0.73%	1.46%	2.16%	1.15%	4.7%	-100%	-	-51.28%
EBIT	1,569	1,499	1,579	1,593	1,541	1,634	-	1,784	-
Change	-	-4.46%	5.34%	0.89%	-3.26%	6.04%	-100%	-	-100%
Charge d'intérêts	-384	-389	-382	-439	-405	-421	-	-	-
Earnings before Tax (EBT)	1,062	742	1,009	954	831	898	-	-	-
Change	-	-30.13%	35.98%	-5.45%	-12.89%	8.06%	-100%	-	-
Net income	856	616	431	843	893	1,012	-	755	-
Change	-	-28.04%	-30.03%	95.59%	5.93%	13.33%	-100%	-	-100%
Announcement Date	10/29/20	5/13/21	11/4/21	5/12/22	11/3/22	5/18/23	5/16/24	11/7/24	-

¹GBP in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	17,969	17,802	18,009	18,859	19,479	19,986	20,250	20,151
Change	-	-0.93%	1.16%	4.72%	3.29%	2.6%	1.32%	-0.49%
Announcement Date	5/7/20	5/13/21	5/12/22	5/18/23	5/16/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4,105	4,903	4,607	5,307	4,969	4,959	4,877	4,660
Change	-	19.44%	-6.04%	15.19%	-6.37%	-0.21%	-1.65%	-4.44%
Free Cash Flow (FCF) ¹	2,166	1,060	1,303	1,328	1,280	1,530	1,684	1,962
Change	-	-51.06%	22.92%	1.92%	-3.61%	19.55%	10.04%	16.54%
Announcement Date	5/7/20	5/13/21	5/12/22	5/18/23	5/16/24	-	-	-

¹GBP in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	34.64%	34.7%	36.35%	38.36%	38.88%	39.61%	39.94%	40.34%
EBIT Margin (%)	15.82%	14.36%	15.22%	15.36%	15.36%	16.07%	16.31%	16.85%
EBT Margin (%)	10.31%	8.44%	9.42%	8.37%	5.69%	9.01%	9.37%	10.02%
Net margin (%)	7.6%	6.89%	6.11%	9.22%	4.1%	7.17%	7.71%	8.28%
FCF margin (%)	9.49%	4.96%	6.25%	6.43%	6.14%	7.47%	8.19%	9.52%
FCF / Net Income (%)	124.91%	72.01%	102.28%	69.71%	149.71%	104.18%	106.34%	115.06%
Profitability
ROA	4.67%	3.6%	4.85%	5.19%	3.48%	3.65%	3.37%	3.41%
ROE	18.64%	14.16%	14.85%	14.48%	13.45%	12.91%	12.1%	11.49%
Financial Health
Leverage (Debt/EBITDA)	2.27x	2.4x	2.38x	2.38x	2.4x	2.46x	2.47x	2.42x
Debt / Free cash flow	8.3x	16.79x	13.82x	14.2x	15.22x	13.06x	12.03x	10.27x
Capital Intensity
CAPEX / Current Assets (%)	17.99%	22.94%	22.1%	25.68%	23.85%	24.19%	23.73%	22.62%
CAPEX / EBITDA (%)	51.92%	66.12%	60.8%	66.94%	61.35%	61.08%	59.41%	56.07%
CAPEX / FCF (%)	189.52%	462.55%	353.57%	399.62%	388.2%	324.05%	289.62%	237.48%
Items per share
Cash flow per share ¹	0.63	0.592	0.6001	0.6686	0.5954	0.6108	0.6533	0.664
Change	-	-6.03%	1.36%	11.41%	-10.95%	2.59%	6.95%	1.64%
Dividend per Share ¹	0.0462	-	0.077	0.077	0.08	0.0817	0.0835	0.0826
Change	-	-	-	0%	3.9%	2.12%	2.22%	-1.04%
Book Value Per Share ¹	1.49	1.179	1.55	1.481	1.274	1.306	1.359	1.415
Change	-	-20.87%	31.49%	-4.5%	-13.93%	2.5%	4.03%	4.12%
EPS ¹	0.174	0.148	0.129	0.189	0.086	0.1395	0.1575	0.1618
Change	-	-14.94%	-12.84%	46.51%	-54.5%	62.17%	12.93%	2.76%
Nbr of stocks (in thousands)	9,811,385	9,842,547	9,926,432	9,837,816	9,758,030	9,797,105	9,797,105	9,797,105
Announcement Date	5/7/20	5/13/21	5/12/22	5/18/23	5/16/24	-	-	-