July 7, 2014
Mats Granryd &Allison Kirkby
Forward-looking statements
This presentation contains certain forward-looking statements that reflect the Company’s curren...
Key facts
Brand overview
Mobile customer
development
Revenue market
share*
 HQ at Helsfyr, Oslo
 Norway’s third largest ...
Attractive
value
Successful
monetisation of
Norwegian
operations
Tele2 poised
for
continued
success
• Enterprise value of ...
7 July 2014:Agreement with TeliaSonera to sellTele2 Norway announced
The transaction is subject to approval from the Norwe...
Norwayimpact:
13 percent of total sales
11 percent of total assets*
RelationshipbetweenTele2Norwayand
TeliaSoneragoingforw...
Access is our Core
Business
Scale & Efficiency
are key to our
profitability
Owning customer
relationship is
crucial to sec...
:
1. Challengers focused on ARPU growth, retaining customers, cash generative,
maintenance CapEx and efficient OpEx struct...
Sale of Tele2 Norway - Press and analyst presentation
of 9

Sale of Tele2 Norway - Press and analyst presentation

Published on: Mar 4, 2016
Published in: Travel      Business      
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Transcripts - Sale of Tele2 Norway - Press and analyst presentation

  • 1. July 7, 2014 Mats Granryd &Allison Kirkby
  • 2. Forward-looking statements This presentation contains certain forward-looking statements that reflect the Company’s current views or expectations with respect to future events and financial and operational performance. The words “intend”, “estimate”, “expect”, “may”, “plan”, “anticipate” or similar expressions regarding indications or forecasts of future developments or trends, which are not statements based on historical facts, constitute forward-looking information. Although the Company believes that these statements are based on reasonable assumptions and expectations, the Company cannot give any assurances that such statements will materialize. Because these forward-looking statements involve known and unknown risks and uncertainties, the outcome could differ materially from those set out in the forward-looking statement. The forward-looking statements included in this presentation apply only to the date of the presentation. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law. Any subsequent forward-looking information that can be ascribed to the Company and the Group or persons acting on the Company’s behalf is subject to the reservations in or referred to in this section.
  • 3. Key facts Brand overview Mobile customer development Revenue market share*  HQ at Helsfyr, Oslo  Norway’s third largest mobile operator  Staff of 593 employees (including 425 FTEs and 168 consultants)  1,182,000 customers (as per 31 Dec 2013)  76.3% population coverage from own base stations  Distribution via web, retail stores and specialised dealers 0 250 500 750 1,000 1,250 2008 2009 2010 2011 2012 2013 0% 10% 20% 30% 40% 50% 60% 2006 2007 2008 2009 2010 2011 2012 2013 *Based on figures from NPT (‘000) (% of retail revenues)
  • 4. Attractive value Successful monetisation of Norwegian operations Tele2 poised for continued success • Enterprise value of SEK 5.1 billion, equivalent to a cash value of SEK 5.3 billion • 1.2x EV/Sales 2013, 42 x EV/EBITDA 2013 • Capital gain of around SEK 2 billion • Monetisation of Tele2’s years of investments and build-out of a successful business in the Norwegian market • Crystallises significant value through in-market consolidation • Attractive and diversified market mix and a strong spectrum portfolio driving growth • 3 pillars of strength: Sweden. The Netherlands and Kazakhstan • Robust balance sheet and progressive dividend policy
  • 5. 7 July 2014:Agreement with TeliaSonera to sellTele2 Norway announced The transaction is subject to approval from the Norwegian CompetitionAuthority. An approval is expected at the latest Q1 2015
  • 6. Norwayimpact: 13 percent of total sales 11 percent of total assets* RelationshipbetweenTele2Norwayand TeliaSoneragoingforward Transitional services within corporate functions during 2015 Tele2willupdatethemarketinduecourseonits intendeduseofthecashgenerated AsoftheQ22014interimreport,theNorwegian operationswillbeexcludedfromthefinancial guidance *Excluding purchase price Key financials SEK million FY 13 Reported FY 13 Norway FY 13 Excl. Norway Q1 14 Reported Q1 14 Norway Q1 14 Excl. Norway Income statement Net sales 29,871 4,114 25,757 7,108 956 6,152 EBITDA 5,990 121 5,869 1,381 22 1,359 EBIT 2,192 -334 2,526 854 -103 957 Balance sheet Assets 39,855 3,802 37,788 4,150 Liabilities 18,264 1,025 15,819 903 CAPEX 5,169 770 4,399 963 254 709
  • 7. Access is our Core Business Scale & Efficiency are key to our profitability Owning customer relationship is crucial to secure our position in Value Chain Partnerships to add value to our customers 7
  • 8. : 1. Challengers focused on ARPU growth, retaining customers, cash generative, maintenance CapEx and efficient OpEx structure 2. Newcomer businesses with high potential, past their CapEx peak, focused on subscriber acquisition 3. Greenfield opportunities in developing markets with high CapEx requirements Always value driven Always low cost Always excellent customer relationships Collectively offering above average returns for shareholders 8

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