Telenor Broadcast Q February 13th

Transcription

1 Telenor Broadcast February 13th

2 Highlights Strong sale of premium add-on services for both Cable and DTH HDTV subscribers on DTH Multiroom subscriptions on DTH in the Nordics 123,000 internet subscribers on CATV in Denmark and Norway DTT launched in 13 Norwegian counties Danmark Digital TV established to apply for DTT license in Denmark Telenor acquire Danish football rights Successful launch of THOR-5 Contract signed for THOR-6 Conax sold 5.7 million smartcards 54 contracts signed in Telenor Media and Content Services established

3 Stable performance from Telenor Broadcast in 15 % revenue growth from 12% growth in ARPU on cable from 06 6,000 new subscribers in the Nordics from DTH subscribers 932,000; - 11,000 Cable TV subscribers 705,000; +8,000 Cable TV Internet subscribers increased to 127,000; +36,000 Internet penetration 42% of upgraded base 30 Rock Canal+

4 Continued revenue growth in Broadcast 15 % revenue growth from EBITDA margin at 22% Revenues (NOKm)/ EBITDA% Investments in Norwegian terrestrial network and Norwegian CATV upgrade affects CAPEX 31 % 16 % 22 % 26 % 25 % 22 % Continued strong growth in add on services for both DTH and CATV Strong new sales in Conax, and good performance from Norkring and Telenor Satellite Broadcasting Q1 07 Q EBITDA CAPEX Q1 07 Q

5 Canal Digital serves more than 3 million households Households Monthly ARPU DTH Premium Pay-TV Subscribers 932,000 NOK 334 DTH Basic Tier Households 199,000 Cable-TV Basic Tier, Premium Pay-TV and Internet 705,000 NOK 179 SMATV Households in small antenna TV-networks 1,174,000 NOK 40 DTT Premium Pay-TV Subscribers in Finland 52,000 NOK 184

6 CANAL DIGITAL GROUP

7 Strong sale of premium add-on services for both Cable and DTH 123,000 internet subscribers in Denmark and Norway 33% growth in Norway since 07 89% growth in multiroom subscriptions since Multiroom subscriptions in the Nordics (+17,000 from ) 10 HDTV-Channels distributed by Canal Digital Canal+ Sport HD, Canal+ Film HD, Discovery HD, National Geographic HD, Voom HD, Silver HD, The History Channel HD, Kanal 5 HD, SVT HD, TV4 HD. Continuous growth in HDTV subscriptions HDTV subscriptions in the Nordics

8 22 % revenue growth from Revenues (NOKm) / EBITDA % EBITDA and Capex (NOKm) EBIT (NOKm)/EBIT % EBITDA CAPEX % 21% 12% 16% 10% % 8 % % % 83 6% 4% 17% Q2 Q2 Q1 Q2-12 Q1 Q2

9 Pay-TV subscriber growth of 0,3% from M pay-tv subscribers in the Nordics DTH, Cable TV, DTT (Finland), and SMATV (households w/decoder) 13% Multiroom penetration DTH 10,000 new HDTV subscribers in 837,000 (807,000) 583,000 (607,000) 109,000 (103,000) In addition Canal Digital has 1.3m card-only and SMATV households 202,000 (208,000)

10 Growth in ARPU driven by higher revenue from add-on services DTH subscribers ( 000) and monthly ARPU (NOK) Subscription growth in Norway from 06 Denmark - 4% Finland - 1% Norway + 5% Sweden 6% Strong growth in Multiroom subscriptions in Sweden and Norway from 06 Sweden 23,000 Norway 30,000 Denmark Q1 07 Q DTH subscriber base Monthly DTH ARPU

11 12 % growth in Cable-TV ARPU from Cable subscribers ( 000) and ARPU (NOK) High speed internet and digital TV drives Cable TV ARPU 108,000 CATV Internet subscribers in Norway 15,000 CATV Internet subscribers in Denmark 173,000 subscribers with decoder in Norway 0 Q Q1 07 Q Cable subscriber base Monthly CATV ARPU 0

12 Transmission and encryption

13 Successful launch of THOR 5 THOR 5 launched from Baikonur Cosmodrome in Kazaksthan on February 11th 2008 HDTV drives revenue growth for Telenor Satellite Broadcasting Replacement and expansion program on track Contracted THOR 6 in Q2 Telenor and Intelsat continue their commitment in building the 1 West position THOR 6 to be launched in summer 2009 Thor 5 during testing phase

14 DTT transmission opened in 13 Norwegian counties DTT transmissions opened in 13 counties. Rogaland, Østfold, Oslo/Akershus, Buskerud, Vestfold, Telemark, Hordaland, Møre og Romsdal, Sogn og Fjordane, Hedmark, Oppland, Sør-Trøndelag 5 regions to open in November Regional and national digital radio network extended to 80% coverage Norkring continue to deliver strong results Ulrikken - Bergen Ulrikken - Bergen

15 Conax with strong growth in smart card production Revenue is up by 31 % compared with - (135 MNOK vs. 103 MNOK) Accumulated revenue is up by 71 % compared with (467 MNOK vs. 273 MNOK) EBITDA margin for is 34% compared to 31% in 46 MNOK in 07 vs. 32 MNOK in 06 Accumulated EBITDA is up by 118 MNOK (185 MNOK vs. 67 MNOK) 5,7 million cards sold in

16 22 % revenue growth in transmission and encryption from 06 Revenues (NOKm) / EBITDA % EBITDA and Capex (NOKm) EBIT (NOKm)/ EBIT % EBITDA CAPEX % 49% 52% 53% 58% 54% % % 32% 30% % 33% Q1 Q2 Q1 Q2 Q1 Q2

17 SUMMARY

18 Continued good performance from Broadcast Total revenue NOK 1,897m (+15% from 06) and EBITDA NOK 418m (+61% from 06) Successful launch of THOR 5 Stable subscriber levels and strong growth in add on services on both DTH and CATV Telenor and MTG signs non-exclusivity agreement Telenor acquired Danish football rights DTT network launched in 13 Norwegian counties The Black Donnellys Canal+

19 Appendix Canal Digital's Pay-TV subscribers (in thousand) Denmark Finland Norway Sweden DTH DTT SMATV* CATV BBTV 0 0 < *Household

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