Q2 2024 Turk Telekomunikasyon AS Earnings Call Transcript
Key Points
- Consolidated revenue increased to TRY33 billion with 4% annual growth.
- EBITDA margin expanded by an impressive 550 basis points year-on-year to nearly 39%.
- Mobile segment added 125,000 subscribers on a net basis, closing the quarter with 26.3 million customers in total.
- Postpaid base secured 438,000 net additions, meeting prior quarter's strong performance.
- Unlevered free cash flow rose to TRY3.2 billion, driven largely by progressive operational performance.
- Subscriber base declined by 110,000 from the prior quarter end, mainly due to a 213,000 loss in the Fixed voice segment.
- Fixed broadband base remained flat with only near 20,000 net additions in Q2.
- Prepaid base lost 313,000 subscribers on a net basis, indicating a declining trend.
- Contraction in Fixed internet usage by 7% due to seasonal factors and long national holidays.
- Corporate data revenue contracted by 3% year-over-year, indicating challenges in this segment.
Ladies and gentlemen, thank you for standing by. I'm Costantino, your Chorus Call operator. Welcome, and thank you for joining the Türk Telekom conference call and live webcast to present and discuss the 2024 Q2 financial and operational results. (Operator Instructions) We are here with the management team and today's speakers are CEO, Umit Onal; and CFO, Kaan Aktan.
Before starting, I kindly remind you to review the disclaimer on the earnings presentation. Now I would like to turn the conference over to Mr. Umit Onal, CEO. Sir, you may now proceed.
Hello, everyone. Welcome to our 2024 second-quarter results conference call. Thank you for joining us today. Statements from large central banks and economic data as well as either complete or upcoming elections have been in close watch of financial markets.
Varying macroeconomic data triggered risk on and risk off move several times as markets struggled to calculate the probability
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