Orange : Q3 presentation

Orange financial results #Q3_2022

25th October 2022

Ramon Fernandez

Delegate CEO Finance, Performance and Development

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. More detailed information on the potential risks that could affect our financial results is included in the Universal Registration Document filed on 31 March 2022 with the French Financial Markets Authority (AMF) and in the annual report on Form 20-F filed on 1 April 2022 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.

Q3 22 Results

2

Section One

Q3 2022 highlights

Q3 Key highlights

Solid revenue

increase in

Europe

with Spain

back to growth

Totem

18% (+3pts yoy)

of hosting revenues coming

from

third parties

Convergent	Scale Up on track
>€550m
ARPO increase
in France, Spain,	cumulated net
Poland, Belgium	indirect costs savings

Q3 22 Results

4

Q3 2022 financial achievements

Revenue growth acceleration

Revenue	€10.8bn	EBITDAaL	€3.6bn	eCapex	€1.7bn
		+1.0%		+0.2%	+5.2%
			+€104m yoy		+€6m yoy		+€86m yoy

Q3 2022 revenue growth contribution per segment (yoy in €m)

			+1.0%
			+4.2%		+14.2%
				21	-31	10,823
		+3.2%	71
10,719		87
	-44
	-1.0%
Q3 21 cb	France	Europe	MEA	Enterprise	Totem	Others	Q3 22

Q3 2022 revenue evolution per activity (yoy in €m)

	+€104m
+1.7%		+8.6%
	-59	-33	10,823
	63
133	-3.1%
10,719

Q3 21 cb	Retail	Wholesale Equipment Others	Q3 22
		sales

Yoy: comparison with the same period of the previous year, on a comparable basis unless otherwise specified
All Group level mentions include both telecom and banking activities. Conversely, all mentions excluding Orange bank are explicitly called "Telecom"	Q3 22 Results	5