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Second Quarter 2000 January - June August 9, 2000. Holding company listing. Renaming. Merger. Free float. Free float. 100%. 100%. HPY Holding. IPO of HTC. Transformation of legal form. Incorporation. 68,4%. Helsinki Telephone. 1994. 1999. 2000. 1997. 1998.
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Second Quarter 2000 January - June August 9, 2000
Holding company listing Renaming Merger Free float Free float 100% 100% HPY Holding IPO of HTC Transformation of legal form Incorporation 68,4% Helsinki Telephone 1994 1999 2000 1997 1998 From mutual to public company
Growth Continued During 2Q Elisa Communications’ key figures • Revenue EUR 593m (EUR 489m), rising 21% • EBIT EUR 129m (EUR 50m), rising 158% • Pre-tax profit EUR 119m (EUR 46m), rising 161% • Earnings / share (EPS) rose 160% to EUR 0.52 (EUR 0.20) Excluding the profit of sales of Comptel shares • EBIT rose 41% to EUR 71m • Pre-tax profit rose 34% to EUR 61m
EBIT Breakdown 1H/2000 * incl. EUR 8m undivided group’s costs
Mobile Operations and m-business • Radiolinja Group revenue was EUR 301m, rising 30% • Radiolinjan subcriptions totalled 1,350,500, including 1,243,000 in Finland and 107,500 in Estonia. Radiolinja’s share of Finnish GSM subscriptions was app. 37%. • Radiolinja’s share of net additions was app. 45% • ARPU was EUR 40 / month (36), Q1/2000 EUR 40 / month, Q2/2000 EUR 41 / month • Churn (annualised) was 12.5% (14.2%) • Value added services accounted 10% of revenue
ARPU (EUR/month/subscription)
Mobile OperationsHighlights • Radiolinja updated its corporate image and launched new services: • DJ Esko service package (WAP- type service based on SIM-technology, Internet-connection, plenty of value-added services) • Account balance reminder and account limit services • Text message directory services • Group messages via mobile phone and new mobile portal • Yahoo! Expansion via Yahoo! Sweden product launches • Testing services such as navigational system, network security, electronic payment and UMTS network • Radiolinja announced it applied for the third GSM license in Lithuania • Elisa shareholding in Radiolinja rose to 98.2% DJ Esko
Fixed Line Network & e-Business Highlights • Internet-traffic volumes up 42%, share of total traffic at 39% (30%) • Total number of connections was 731.063 (722.646). ISDN channels exceeded 191,500 units (139,750 units ), up 37% • ADSL connections approximately 1,300 units • Comprehensive directory media: 0100100.com • Kolumbus focused on secure connection services for wireless networks
Other OperationsHighlights • Comptel growth remained strong: revenues up 50% to EUR 15.2m and operating profit up 79% to EUR 6.6m • The nation-wide distribution was concentrated on Mäkitorppa Group. Mäkitorppa’s revenues up 25% to EUR 43.4m, operating result up sharply, but still slightly in the red. • Mäkitorppa had 20 shops in Germany, new shops established in Düsseldorf and Bremen regions • Tele-shops got a new look and the new Elisa ShopIT chain was formed • Elisa founded Star Communications Oy, focusing on consulting and network design, with Jaakko Pöyry Oy taking a 30% shareholding.
Bremerhaven Rostock Bremen Potsdam Hannover Münster Halle Essen Leipzig Düsseldorf Hanau Frankfurt Jena Wuppertal Offenbach Mainz Saarbrücken German Operations • The Group’s German operations transferred to Elisa Kommunikation GmbH. Significant change in the German operations. • Elisa Kommunikation GmbH becomes leading German city carrier -consolidator - the group has almost 30 subsidiaries and affiliates • Acquisition of TIMe start-up management GmbH including all its affiliates and subsidiaries • Ownership of Mäkitorppa GmbH transferred to Elisa Kommunikation GmbH Berlin
German Operations (cont) • Elisa Kommunikation GmbH took a 100% holding in the national operator, Drillisch Festnetz GmbH in order to strengthen its voice and internet operations • The consolidated revenues of the German group are expected to reach nearly FIM 1 billion this year, and by the year end approximately 800 people will be working for the group • Heavy start-up investments generated an operating loss for Elisa Kommunikation GmbH totalling EUR 5.6m.
Elisa Group’s Income Statement *Excl. Comptel’s sales profit (EUR 58m) ** Comparable (without one-time items) ***Excl. Holding minorities
Post-Fiscal Events • Elisa shareholding in KSP Yhtiöt Oyj up to 21.9% • Elisa divested Omnitele holdings and acquired its consultancy services related to broad band operations • Elisa Kommunikation GmbH acquired the Saarbrücken-based city operator, pulsaar GmbH (100%) • Partnership agreement with Micromedia - towards the most comprehensive directory (direct lines, e-mail addresses etc.)
Outlook for 2000 • Growth prospects are better than the average growth in the sector. Revenues for the year are still expected to show about 20% growth. • EBITDA margin is expected to improve slightly • Despite heavy investments in Radiolinja and Datatie shares, and development of the German operations the management expects EBIT margin to remain at last year’s level • Development and organisation of German operations are proceeding as planned • Voice and value-added services will increase revenues of the mobile business while growth in subscriptions will slow • Subscription-based revenues (ARPU) are expected to show growth both in fixed line and mobile networks • The loss of Elisa Kommunikation GmbH is forecasted at over EUR 17m for the fiscal year
Development of ISDN and ADSL Channels * sales started November 1, 1999
HTC Group’s Income Statement *Excl. Comptel’s sales profit (EUR 58m)
Elisa Group Profit Model January 1 - June 30, 2000 FIMm HTC Profit 367,3 HPY Holding Profit 94,2 Elimination of dividend -91,82,5 Realisation of group reserve 16,4 Minority share of HTC -125,8 Profit of HPY Holding Group 260,4