Interim results

3 months of 2022

Telia Lietuva, AB

TELIA LIETUVA PROVIDES TELECOMMUNICATION, IT & TV SERVICES IN LITHUANIA FROM A SINGLE POINT

TELIA LIETUVA MEANS:

Wide range of services

The most developed networks

Modern data centres

Everything from a single point

TELIA LIETUVA MEANS:

Customer care 24/7/365

Team of 2,100 professionals

Sustainable and responsible business

WE ARE PART OF INTERNATIONAL GROUP

OUR PURPOSE: WE REINVENT BETTER CONNECTED LIVING

OUR VALUES

innovate
lead
speak-up

We dare to: We care for: We simplify:

our customers
each other
our world
execution
teamwork
our operations

TELIA LIETUVA HAS AN ASSOCIATE

TELIA LIETUVA, AB

VšĮ Numerio Perkėlimas 50%

• Telia Lietuva provides integrated mobile and fixed communication and IT services • Numerio Perkėlimas administers the central database to ensure telephone number portability in Lithuania (Tele2 and Bitė Lietuva owns 25% each)

HIGHLIGHTS OF Q1 2022

#1 Double digit growth in revenue from IT and billed mobile services & maintained EBITDA margin	#2 Free calls and SMS to and from Ukraine were provided during March	#3 Rebroadcasting of Russian TV channels was terminated	#4 Unlimited number of prepaid SIM cards was offered to refugees & special service package for Ukrainian business relocating to Lithuania
#5 More than 200 base stations upgraded with Ericsson equipment up to total number of more than 650 upgraded stations	#6 5G using commercial frequencies was launched in Vilnius	#7 Data download speed of 131.4 Mbps was recorded in the eastern part of Lithuania	#8 EUR 58.3 million or EUR 0.10 per share dividends for the year 2021 are proposed by the Board

NUMBER OF CUSTOMERS

1,532 thousand thousand thousand thousand

of mobile service users

422

of broadband Internet connections

of IPTV service users

of fixed telephone lines in service

telecommunications market of Lithuania

-

INTERNET DRIVES TELCO MARKET GROWTH (MEUR)

BREAKDOWN OF THE TELECOMMUNICATIONS MARKET REVENUE BY OPERATORS FOR Q4 2021 (%)

TELIA LIETUVA MARKET SHARES IN TERMS OF REVENUE FOR Q4 2021 (%)

MARKET: GROWING USAGE OF MOBILE DATA

Increasing usage of mobile data

(uploaded/downloaded 250,515 TB of data per quarter)

Growing number of FTTH/B connections

(accounts for 77.9% of all fixed Internet connections)

Growing number of IPTV users

(accounts for 47.8% of all pay-TV service users)

MARKET PENETRATION

mobile communications subscribers

(per 100 inhabitants)

(per 100 households)

fixed telephony lines

broadband Internet access

(per 100 inhabitants)

pay-TV subscribers

(per 100 households)

Source: Report of the Communications Regulatory Authority

OPERATING AND FINANCIAL RESULTS

NUMBER OF MOBILE AND FIXED VOICE SERVICE USERS

NUMBER OF IPTV AND BROADBAND INTERNET USERS

Number of TV service users (thousand)

Number of broadband Internet users (thousand)

REVENUE, EBITDA & NET PROFIT (MEUR)

DYNAMICS OF MAIN FINANCIAL INDICATORS (MEUR)

NOTE. For 3 months of 2022 non-recurring items were comprised from one-off redundancy expenses of EUR 98 thousand (EUR 334 thousand a year ago), non-recurring other expenses of EUR 45 thousand (EUR 13 thousand) and gain of EUR 247 thousand (EUR 1,167 thousand) from sale of property.

REVENUE BREAKDOWN FOR 3 MONTHS OF 2022

14%

REVENUE BY SERVICES (MEUR)

OPERATING EXPENSES (meur)

NOTE. For 3 months of 2022 non-recurring expenses were comprised from one-off redundancy expenses of EUR 98 thousand (EUR 334 thousand a year ago) and non-recurring other expenses of EUR 45 thousand (EUR 13 thousand)

NUMBER OF EMPLOYEES

-35

Other current assets
Cash and investments
Other non-current assets
Property, plant and equipment
Non-current assets amounted to 73.3% of total assets as of 31 March 2022 (73.6% a year ago)
Cash alone amounted to 12.3% (12.6%)
Return on capital employed: 13.1% (15.1%)
Return on average assets: 9.7% (11%)
Current ratio: 87.8% (127.2%)

EQUITY AND LIABILITIES (meur)

As of 31 December 2022, shareholders' equity amounted to 52.6% of the total assets (55.8% a year ago)
Total borrowings (31-03-2021) amounted to EUR 157.3 million: EUR 30 million – bank loan, EUR 126.9 million – vendor financing and EUR 0.4 – financial lease.
Debt to equity: 46% (36.2%)
Return on equity: 17.4% (17.5%)

CASH FLOW & NET DEBT (meur)

CAPEX & CAPEX BREAKDOWN FOR 3 MONTHS OF 2022 (meur)

3.7

DIVIDENDS

Dividend payout ratio:

2021: 102% 2020: 104%

The Company's dividend policy provides that the Company must maintain the net debt to EBITDA ratio not higher than 1.5 and to pay out up to 80% of free cash flow as dividend
Earnings and dividends are allocated to 582,613,138 shares
The Board proposed to pay EUR 58.3 million of dividends (EUR 0.10 per share) for the year 2021
On 28 April 2022 AGM shall approve allocation of the profit for the year 2021

SHARES AND SHAREHOLDERS

SHAREHOLDERS

Telia Company AB (Sweden) is the largest shareholder of Telia Lietuva, AB
The Company's share capital consist of 582,613,138 ordinary registered shares of EUR 0.29 nominal value each
On 24 October 2014, authorized capital was reduced by EUR 56.2 million and accordingly number of voting shares was reduced from 776,817,518 to 582,613,138
The total number of Telia Lietuva shareholders is 14.3 thousand

SHAREHOLDERS

as of 31-03-2022

Telia Company AB other

88.15% 11.85%

Part of shares and votes

Since June 2000, the Company's shares are listed on Nasdaq Vilnius stock exchange (ticker: TEL1L)
Since January 2011, the Company's shares were included into the trading lists of a few German stock exchanges (ticker: ZWS)
Turnover on Nasdaq Vilnius stock exchange during January-March 2022: 2.5 million of shares or EUR 5 million
Share price on Nasdaq Vilnius: