Africa Day 2021

Solid engine of growth

Ramon Fernandez

Deputy CEO, Finance, Performance and Development

Alioune Ndiaye

CEO of Orange Middle East and Africa

Paris, July 30th 2021

Disclaimer

This presentation contains forward-looking statements about Orange's financial situation, results of operations and strategy. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently considered material by us, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. In particular, the Covid-19 outbreak may exacerbate the risks that the Group could face. More detailed information on the potential risks that could affect our financial results is included in the Universal Registration Document filed on 20 April 2020 with the French Financial Markets Authority (AMF) and in the annual report (Form 20-F) filed on 21 April 2020 with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Other than as required by law, Orange does not undertake any obligation to update them in light of new information or future developments.

Africa Day 2021

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Acceleration of Growth in Q2 2021

in €m

Q2 21

yoy cb

H1 21

yoy cb

Revenues

1,555

+14.4%

3,043

+10.7%

Retail services

1,359

+15.8%

2,660

+12.8%

Wholesale

157

+0.6%

310

-5.6%

Equipment sales

30

42.2%

54

+28.8%

EBITDAaL

1,051

+17.0%

eCAPEX

525

+21.0%

+1.9 pts EBITDAaL margin yoy

32.7%

34.5%

H1 2020 cb

H1 2021

EBITDAaL

EBITDAaL margin

Acceleration of retail services growth

…thanks to fast growth engines

Revenue cb yoy growth in %

15.8%

14.4%

10.2%

10.5%

9.8%

9.0%

7.9%

8.5%

7.1%

7.6%

4.7%

7.1%

6.1%

8.3%

5.8%

6.2%

5.1%

Revenues growth Q2 yoy

+24%

+23%

+22%

FBB

OM

Data

Q2 2020

Q2 2021

1.3%

1.9 m

22,6 m

38.2 m

Q2 19 Q3 19 Q4 19 Q1 20

Q2 20 Q3 20 Q4 20 Q1 21 Q2 21

Retail services

Total MEA

Customers

active customers*

4G customers

+30% yoy

+15% yoy

+37% yoy

* At least one transaction per month

Africa Day 2021

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Key driver of growth, margin and cash for the Group

MEA share of

Group's adju. EBITDA (2017) / EBITDAaL

(2020)

MEA share of

>15%

Group's revenues

>13%

13%

14%

12%

13%

2017

2019

2021

2017

2019

2021

MEA share of

EBITDA-Capex(2017) / EBITDAaL- eCapex (2020) of telecom activities

>20%

10%

14%

2017

2019

2021

Africa Day 2021

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Relevant capital allocation strategy and strong execution to fuel value

High potential &

balanced portfolio

Natural risk mitigation

4.4% yoy

OMEA footprint CA

Average growth over 12 years

21st century is and will remain the century of Africa

Operational excellence &

Sustainable

strong costs control

value creation

>+5%

Strong ROCE growth (pts)

Total CA CAGR 17-20

+7%

+5.7

EBITDAaL CAGR 17-20

>+15%

EBITDAaL-eCapex CAGR 17-20

>+33%

2017

2020

OCF CAGR 17-20

Africa Day 2021

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Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici.

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Disclaimer

Orange SA published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 11:18:05 UTC.