Financial summary for 1Q 2015

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Krystian Grzelak
8 lat temu
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1 Financial summary for 1Q 2015 Warsaw, 19 May 2015

2 Agenda 1. Summary of operating activities 2. Summary of financial results 3. Q&A 2

3 1. Summary of operating activities 3

4 The Midas Group s network Midas is the only company in Poland to have a continuous frequency bandwidth enabling optimal provision of LTE technology services. Centernet 19.8 MHz Mobyland MHz MHz 99%* 90%* population HSPA+ coverage population LTE coverage Approxim ately 4,940 HSPA+ base stations Currently the network encompasses: Approxim ately ** 5,200 LTE base stations ** LTE800 and LTE1800 stations LTE coverage to over 90% of the Polish population (outdoor) HSPA+ coverage to over 99% of the population (outdoor) 4

0 MHz 99%* 90%* population HSPA+ coverage population LTE coverage Approxim ately 4,940 HSPA+ base stations Currently the network

5 HSPA+ and LTE network development progress stan as at na December 2014 stan as at na March HSPA+ LTE The Group is currently completing the 3rd stage of the development of the telecommunications network under the Project Growth in the number of LTE stations from execution of the LTE800 network delivery agreement Optimal LTE800 coverage may translate into commissioning and building ca stations in aggregate 5

2015 March 2015 0 HSPA+ LTE The Group is currently completing the 3rd stage of the development of the telecommunications

6 Project 800 The LTE 800 MHz network complements the Midas Group s network. q/q Taking into account the implementation of Project 800 in updating the strategy of the Midas Group will increase the number of locations and base stations and will affect the level of performance, particularly over the medium term In the Management Board s assessment, the Understanding and Order No. 4 from Polkomtel, as well as the financing obtained, will make it possible to finance Midas involvement in Project 800 The final cost of Project 800 will depend on the quantity of bandwidth available in the 800 MHz range and on the possible investments resulting from that availability In the event of the Company s permanent involvement in Project 800, the assumptions for Phase III will be updated 6

performance, particularly over the medium term In the Management Board s assessment, the Understanding and Order No.

7 Data usage Quarterly data usage (HSPA+ and LTE) by the Group s customers (GB million) q/q 50,00 45,00 40,00 35,00 30,00 25,00 20,00 15,00 10,00 Cyfrowy Polsat introduces LTE as part of its product offer Concluding an agreement with Polkomtel Plus introduces LTE-enabled smartphones 5,00 Greater network coverage and increasing 0,00 average transfer Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1Q Q zużycie (mln GB) 0,3 0,4 0,4 0,7 1,1 1,7 2,3 3,6 6,1 6,8 8,1 11,2 12,6 14,0 22,7 33,3 42,7 7

Greater network coverage and increasing 0,00 average transfer Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1Q Q1 2011 2011 2011 2011 2012

8 2. Summary of financial results 8

9 Revenues in 1Q 2015 q/q In the first quarter of 2015, the Midas Group s revenues came to PLN 123 million. Revenues from sales for the Midas Group (PLN 000) Compared to the first quarter of the previous year, revenues increased by 84%. Main factors influencing revenues in 1Q 2015: The continuing increase in popularity of LTE and the corresponding increased usage of data transmission services ordered by wholesale customers of the Midas Group Increase in LTE population coverage PLN 15 million non-recurrent revenues from the settlement of the agreement for joint use of the telecommunications infrastructure % Q Q 1Q

Main factors influencing revenues in 1Q 2015: The continuing increase in popularity of LTE and the corresponding increased usage of data transmission services ordered by

10 Cost structure In the first quarter of 2015, the Midas Group reported an increase in costs of PLN 4 million compared to the corresponding period of the previous year. This change stems mainly from an increase in the cost of maintenance and operation of the telecommunications network, which changes (increases) in accordance with an increase in the number of base stations. Due to further development of the network such costs are expected to rise in subsequent quarters. Cost structure (PLN 000) Q Q Q Q 2015 q/q Pozostałe Other costs koszty by type rodzajowe and wages i and wynagrodzenia salaries Podatki Taxes and i opłaty charges Koszty Costs związane related to z the siecią telecommunications telekomunikacyjną network Amortyzacja Depreciation and amortisation 10

stations. Due to further development of the network such costs are expected to rise in subsequent quarters.

11 Additional slides 11

12 Operational structure 100% 100% HSPA+ capacity sales Infrastructure hire + Sharing frequencies Joint use of infrastructure LTE HSPA+ Capital ties Operational ties 12

13 Shareholding Zygmunt Solorz-Żak* ING OFE approx imately 5% approxi mately 66% approxi mately 29% Other shareholders * Mr. Zygmunt Solorz-Żak controls the Company through Karswell Limited, Ortholuck Limited and Litenite Limited 13

14 Frequency resources 900 MHz 5 MHz 5 MHz 2.8 MHz 4.4 MHz 6.2 MHz 4.6 MHz 6.8 MHz Play Aero 2 Plus T-Mobile Plus T-Mobile Orange MHz 19.8 MHz 15 MHz 12.4 MHz 2.4 MHz 9.6 MHz 7.2 MHz 7.2 MHz Centernet Mobyland Play T-Mobile Plus Orange T-Mobile Plus MHz 2 x 5 MHz Range 1800 MHz 2 x 9.8 MHz 2 x 9.8 MHz Midas is the only provider to have a continuous 19.8 MHz bandwidth that allows it to offer data transfer services using the ultra-fast LTE technology Customers of the Midas Capital Group s services ensure a multi-million end user database 2.6 GHz 50 MHz TDD Frequencies in the 800 MHz (digital divided) and 2600 MHz ranges are currently the subject of an auction conducted by the OEC President. The outcome of the auction procedure and the allocation of the bands it covers will be crucial for assessing the model for implementing Project

9 900 MHz 2 x 5 MHz Range 1800 MHz 2 x 9.8 MHz 2 x 9.8 MHz Midas is the only provider to have a continuous 19.

15 Total (uplink + downlink) quantity of data transmitted monthly (in Petabytes) Global increase of mobile data transmission Total monthly transfer (in Petabytes, B) in the period Q Q Forecasted average monthly transfer, broken down into type of device (in MB) in Smartphone 4G Smartphone Tablet Tablet Laptop Laptop Source: Ericsson Mobility Report, February 2015 Source: Cisco VNI Mobile, % increase in the quantity of data transmitted in mobile networks between Q and Q

2014-2019 12 000 10 000 8 000 6 000 4 000 2 000 0 Smartphone 4G Smartphone Tablet Tablet Laptop Laptop 2014 2019 Source: Ericsson Mobility

16 UPC INEA VECTRA TOYA ASTER MULTIMEDIA DIALOG NEOSTRADA GTS PLAY POLKOMTEL NETIA ORANGE T-MOBILE TK TELEKOM UPC ASTER POLKOMTEL PLAY GTS TOYA VECTRA T-MOBILE INEA TK TELEKOM MULTIMEDIA DIALOG ORANGE NETIA NEOSTRADA LTE as the leader in high-speed mobile internet Average download speed (Mb/s) Average upload speed (Mb/s) q/q Maximum LTE download speed (Mb/s) Average LTE download speed (Mb/s) Polkomtel T-Mobile Orange Play 17 Polkomtel T-Mobile Orange Play Source: ISP speed ranking in Poland for the period from 1 February 2015 to 28 February 2015 LTE speed ranking for the period from 5 February 2015 to 13 May 2015 speedtest.pl 16

4 3 2 1 0 q/q Maximum LTE download speed (Mb/s) 120 100 80 60 23 22 21 20 Average LTE download speed (Mb/s) 40 19 20 18 0 Polkomtel T-Mobile Orange Play 17 Polkomtel T-Mobile

17 3. Q&A 17

18 Contact person for investors q/q Piotr Owdziej

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