RESULTS FOR THE 3 MONTHS OF 2019
Telia Lietuva, AB Group
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
Quality of operations' management confirmed by ISO certificates
Team of almost 3,000 professionals Sustainable and responsible business
WE ARE PART OF TELIA COMPANY GROUP
OUR PURPOSE: BRINGING THE WORLD CLOSER – ON THE CUSTOMER'S TERMS
We dare to: We care for: We simplify:
- our customers
- each other
-
our world
-
execution
- teamwork
- our operations
TELIA LIETUVA GROUP
| Telia Customer Service LT, AB |
$100$ % |
| Všļ Numerio Perkėlimas |
50 % |
| UAB Mobilieji Mokėjimai |
33.3% |
- Telia Lietuva provides integrated mobile and fixed communication and IT services
- Telia Customer Service LT remotely takes care of Telia Lietuva customers and provides Directory Inquiry services 118
- Numerio Perkėlimas administers the central database to ensure telephone number portability in Lithuania (Tele2 and Bitė Lietuva owns 25% each)
- Mobilieji Mokėjimai operates a platform for instant payments (Tele2 and Bitė Lietuva owns 33.3% each)
HIGHLIGHTS OF Q1 2019
- New organizational structure of the Company with a new Direct & Digital Channels unit implemented as of 1 January 2019
- 26 employees from People HUB were outsourced to Telia Global Services Lithuania as of 1 January 2019
- The Company announced that during 2019 the number of employees (FTE) will go down by 285 due to outsourcing and digitalization
- The Board proposed to pay a record high EUR 0.08 dividend per share for the year 2018
- The Board proposed to AGM to approve the preparation of terms of merger of Telia Customer Service LT into Telia Lietuva
- The Company moved to the new headquarters in Vilnius, at Saltoniškių str. 7A
OPERATING FIGURES
Note. * In Q1 2019 the Company changed treatment of active users and took off 114 thousand subscriptions
Data as of 31-03-2019 & change (y-o-y)
NUMBER OF EMPLOYEES
ELECTRONIC COMMUNICATIONS MARKET OF LITHUANIA
WE ARE OPERATING IN GROWING TELCO MARKET (EUR million)
BREAKDOWN OF THE TELECOMMUNICATIONS MARKET REVENUE BY OPERATORS FOR Q4 2018 (%)
TELIA LIETUVA MARKET SHARES IN TERMS OF REVENUE (%)
MARKET: THE FASTEST GROWTH IN USAGE OF DATA
Increasing usage of mobile data
(uploaded/downloaded 92,115 million MB of data per quarter)
Growing number of FTTH/B connections
(accounts for 73.6% of all fixed Internet connections)
IPTV users
(accounts for 38.3% of all pay-TV service users)
MARKET PENETRATION PER 100 INHABITANTS
mobile communications subscribers
fixed telephony lines (households)
broadband Internet access
pay-TV subscribers (households)
OPERATING AND FINANCIAL RESULTS
NUMBER OF IPTV AND BROADBAND INTERNET USERS
Number of TV service users (thousands)
Number of broadband Internet users (thousands)
NUMBER OF MOBILE AND FIXED VOICE SERVICE USERS
Mobile communication users* (thousands)
Number of fixed telephone lines (thousands)
Note.* In Q1 2019 the Company changed treatment of active users and took off 114 thousand subscriptions
REVENUE, EBITDA & NET PROFIT (EUR million)
DYNAMICS OF MAIN FINANCIAL INDICATORS (EUR million)
NOTE. Revenue excl. voice transit services grew by 3.4%
3 MONTHS OF 2019 REVENUE BREAKDOWN
REVENUE BY SERVICES (EUR million)
OPERATING EXPENSES (EUR million)
- During 3 months of 2019, total assets increased by 1.1%
- Non-current assets amounted to 74.5% of total assets (31-03-2019)
- Cash alone amounted to 7.1%
- Return on capital employed: 13.5%
- Return on average assets: 10.9%
EQUITY AND LIABILITIES (EUR million)
- Shareholders' equity amounted to 55.1% of the total assets (31-03-2019)
- Total borrowings (31-03-2019) amounted to EUR 153.3 million: EUR 120 million – bank loans, EUR 30.2 million – vendor financing and EUR 3.1 – financial lease.
- Gearing ration: 33.3%
- Debt to equity: 46.2%
- Return on equity: 17.5%
CASH FLOW & NET DEBT (EUR million)
CAPEX & CAPEX BREAKDOWN FOR Q1 2019 (EUR million)
DIVIDENDS
Consolidated earnings per share (EUR) Dividend per share (EUR)
- Earnings and dividends till 2014 were allocated to 776,817,518 shares, from 2014 – to 582,613,138 shares
- On 17 November 2014, shareholders got 0.072 euro per share payment due to reduction of authorized capital
- The Board set a target to maintain the Company's net debt to EBITDA ratio not higher than 1.5 and to pay out up to 80 per cent of free cash flow as dividend
- According to the Law, dividends should be paid from retained earnings of the Parent company
- As of 31 December 2018, retained earnings of the Parent company amounted to EUR 131.6 million
- The Board proposed to AGM to pass a decision to pay EUR 0.08 dividend per share for the year 2018
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 LTL 194 million (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 almost 11 thousand
Shareholders as of 31-03-2019
|
Part
of shares and votes |
| Telia Company AB |
88.15% |
| Other |
11.85% |
SHARES
- 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 of 2019: 0.9 million of shares or EUR 1.1 million
- Share price on Nasdaq Vilnius:
|
EUR |
| 01-01-2019 |
1.110 |
| High |
1.160 |
| Low |
0.095 |
| 31-12-2019 |
1.150 |
Market capitalization (EUR million)
TRADING IN THE COMPANY'S SHARES ON NASDAQ VILNIUS STOCK EXCHANGE IN 2019
THE COMPANY SHARE PRICE AND NASDAQ VILNIUS INDEXES COMPARISON
CORPORATE GOVERNANCE
GOVERNING BODIES
- The Annual General Meeting of Shareholders will be held on 26 April 2019
- The Board consist of 6 members elected for the 2 year term
- Upon termination of the current term of the Board the largest shareholder, Telia Company AB, proposed to re-elect the current Board members for a new term
- 3 members of the Board comprise Audit and Remuneration Committees
- UAB Deloitte Lietuva is the Company's independent auditor for the year 2018 and 2019
- The Board elects and recalls CEO
- New CFO of the Company, Arūnas Lingė, stepped in on 25 March 2019, while Mindaugas Ubartas, Head of B2B & B2C, left the Company on 12 April 2019
BOARD
Emil Nilsson (born in 1971), Chairman of the Board, represents Telia Company AB, Chair of the Remuneration Committee
Hannu-Matti Mäkinen (born in 1970), Member of the Board, represents Telia Company AB
Agneta Wallmark (born in 1960), Member of the Board, represents Telia Company AB, Chair of the Audit Committee
Tomas Balžekas (born in 1977), Independent member of the Board, Member of the Audit Committee
Claes Nycander (born in 1963), Member of the Board, represents Telia Company AB, Member of the Remuneration Committee
Mindaugas Glodas (born in 1972), Independent member of the Board, Member of the Audit and Remuneration Committees
• Members of the Board have no direct interest in the share capital of Telia Lietuva
GOVERNING STRUCTURE OF TELIA LIETUVA VALID FROM 1 JANUARY 2019
Business to Business (B2B)
Business to Consumer (B2C)
Direct & Digital Channels
Technology
Finance
People & Engagement
Legal and Corporate Affairs
Communication
Business Assurance & Transformation
MANAGEMENT TEAM
Dan Strömberg, CEO
Giedrė Kaminskaitė–Salters, Head of Direct & Digital Channels
Andrius Šemeškevičius, Head of Technology
Arūnas Lingė, Head of Finance
Ramūnas Bagdonas, Head of People & Engagement
Daiva Kasperavičienė, Head of Legal & Corporate Affairs
Birutė Eimontaitė, Head of Communication
Vytautas Bučinskas, Head of Business Assurance & Transformation
PRINCIPLES THAT WE FOLLOW
Anti-bribery and corruption Freedom of
expression
Customer privacy Occupational health and safety
Responsible procurement
Environmental responsibility
Children safety online
ALL IN APPROACH
Connecting the unconnected
A healthy and safe society
Education for all Digital
entrepreneurship and innovation
#VISAKOTINKLAS