Telekom Slovenije

Investor Presentation • Apr 18, 2024

THE TELEKOM SLOVENIJE GROUP IN 2023

Telekom Slovenije is the leading Slovenian provider of the most advanced telecommunications and ICT services and solutions. The Company continuously ensures the development and introduction of new innovative technologies. It provides subscribers an excellent user experience and superior services that match their needs and expectations. Users rate Telekom Slovenije's network the best in Slovenia (source: Brand Track, autumn 2023).

The Telekom Slovenije Group operates in South-East Europe. IPKO is the leading provider of mobile and fixed broadband services in Kosovo, while the Group is also present via its subsidiaries in Croatia, Bosnia and Herzegovina, Serbia, Montenegro and North Macedonia.

62.54% Republic of Slovenia

14.79% Domestic and foreign individuals*

	Ownership structure as at 31 December 2023
6.28% Foreign legal entities
5.59% Kapitalska družba, d.d.
4.25% Slovenski državni holding, d.d. (SDH)
3.78% Domestic financial corporations and funds
2.20% Domestic companies
0.56% Treasury shares

* Individual shareholders include individuals who pursue gainful activities on the market.

SELECTED INDICATORS OF THE TELEKOM SLOVENIJE GROUP IN 2023

in EUR thousand and %	31 December 2023	31 December 2022	Index 23/22
Total operating revenues	708,167	658,953	107
EBITDA margin = EBITDA / sales revenue	228,569	216,452	106
EBIT	64,138	50,362	127
Net profit from continuing operations	47,065	37,506	125
Return on equity (ROE)	7.4%	6.2%	120
Net financial debt	355,737	401,168	89
Investments	188,037	167,791	112
Retail mobile users	1,908,571	1,842,444	104
Retail broadband connections	299,506	297,895	101

MOVEMENT IN THE TLSG SHARE PRICE COMPARED TO THE SBITOP

SIOL DOOEL Skopje, North Macedonia

OPERATING REVENUES OF THE TELEKOM SLOVENIJE GROUP BY YEAR

GENERAL INFORMATION REGARDING TELEKOM SLOVENIJE SHARES AS AT 31 DECEMBER 2023

General information regarding shares
Ticker symbol	TLSG
ISIN	SI0031104290
Listing	Ljubljana Stock Exchange, prime market
Share capital (EUR)	272,720,664.33
Number of ordinary registered no-par value shares	6,535,478
Number of shares held in treasury	36,836
Number of shareholders as at 31 December 2023	8,262

MANAGEMENT BOARD OF TELEKOM SLOVENIJE

TELEKOM SLOVENIJE GROUP 2024-2028
	What do we promise? THE BEST MORE FOR MORE	COMMITMENTS THE BEST SECURITY	THE BEST USER EXPERIENCE
	S T R	A T E G I C P I L L	A R S
What is our focus? How will we succeed?	CONNECTED GROWING ON THE TELECOMMUNICATIONS MARKET > Fixed and mobile services > State-of-the-art network > Improving infrastructure utilisation > International markets S N O I T	DIGITAL DEVELOPING NEW BUSINESS MODELS > ICT and IoT services > A digital rang of products and services > Solutions for critical infrastructure	EFFECTIVE RAISING THE ENTREPRENEURIAL MINDSET > Simplifying and improving processes > Optimisation of costs and investments > Digitalising the user experience > Energy efficiency > Strengthening corporate governance > Mergers and acquisitions > Managing portfolio investments
	A D	EMPLOYEES
	N U	TECHNOLOGY
	O F	SUSTAINABILITY AND RESPONSIBILITY

STRATEGIC DIRECTIONS AND OBJECTIVES OF THE

Boštjan Košak President of the Management Board Boštjan Škufca Zaveršek, MSc

Vice-President of the Management Board Irma Gubanec, MSc

Member of the Management Board Vesna Prodnik, MSc

Member of the Management Board Špela Fortin

Member of Management Board – Workers' Director

NO. OF HOUSEHOLDS WITH THE POSSIBILITY OF CONNECTION TO THE FIBRE OPTIC NETWORK IN SLOVENIA

N U O F	TECHNOLOGY SUSTAINABILITY AND RESPONSIBILITY
	Objectives of the TSG for 2024	Strategic objectives of the TSG for the period 2024 to 2028
EBITDA	EUR 233,6 million	EUR 280 million in 2028
Net profit	EUR 43,2 million	EUR 83 million in 2028
Value of investments	EUR 235,7 million	EUR 951 million in the period 2024 to 2028
Sustainability		Carbon-neutrality under Scope 2 by 2028
Dividend Policy	The payment of dividends in the amount of 30% to 50% of the Telekom Slovenije Group's net

profit, taking into account the Group's current financial position and investment needs.

MARKET SHARES OF TELEKOM SLOVENIJE IN KEY SEGMENTS AS AT 31 DECEMBER 2023

Fixed broadband access IP TV Mobile telephony

201,236 connections Annual change in the number of connections: 2.4%

169,425 connections Annual change in the number of connections: 2.9%

953,441 connections Annual change in the number of connections: 0.4%

SELECTED INDICATORS OF THE SUSTAINABLE OPERATIONS OF THE TELEKOM SLOVENIJE GROUP AS AT 31 DECEMBER 2023

rofile and Climat CONTACT FOR JOURNALISTS: pr@telekom.si CONTACT FOR INVESTORS AND SHAREHOLDERS: ir@telekom.si