Financial Results 2013

 all-in-oneThis all-in-one document contains all relevant Q4 documents (presentation, backup, media release, annual report):
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• 2013 financial targets met with adjusted EBITDA of EUR 17.4 billion and slightly exceeded with free cash flow of EUR 4.6 billion
• Adjusted net profit up 8.6 percent
• Net revenue up 3.4 percent, in organic terms up 0.8 percent
• Revenue growth and EBITDA of EUR 17.6 billion forecast for 2014
• Business in Germany delivers sound figures and extends market lead in mobile communications
• Europe drives forward growth areas
• T-Mobile US with 4.4 million new customers in 2013
• IT costs in Germany down EUR 0.35 billion

 all-in-oneThis all-in-one document contains all relevant Q3 documents (presentation, backup, media release, interim report):
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• Net revenue up 6.0 percent to EUR 15.5 billion, organic revenue growth of 2.4 percent
• Adjusted EBITDA down 2.6 percent to EUR 4.7 billion, trend improved compared with the first half of the year
• Turnaround achieved in the United States, deluge of more than a million new customers
• Business in Germany stable
• Europe feeling the strain of regulation, upward trend in growth areas
• Steady increase in T-Systems' profitability

• Revenue up +5.4% to € 15.2 billion (+4.5% or € 650 million above consensus of € 14.5 billion) driven by first time consolidation of MetroPCS. Organic revenue growth of +2.1% (excl. consolidation and currency)
• Adj. EBITDA decline -6.0% to € 4.4 billion (in line with consensus of € 4.4 billion) reflects higher market invest in the US
• FCF down -33.5% at € 1.1 billion (-2.4% or 30 million below consensus of € 1.1 billion) driven mainly by higher Cash Capex of € 2.1 billion or +27.3%
• Germany: Return to underlying mobile service revenue growth (+1.0%) against negative market trend - outperfroming competition!
• USA: Turn around in customer net additions: +1,130k mobile customers, branded postpaid customers +688k, branded postpaid churn at record low level of 1.6%

• Group: Strong mobile net adds in Germany and the US, good TV and Fiber net adds in Germany and Europe
• Group: Revenue decreased 4.5% to 13.8 billion € reflecting ongoing regulatory and economic pressure in Europe and challenger strategy in the US
• Group: Adj. EBITDA of €4.3 billion (-4.3%) reflects different seasonal pattern of EBITDA development compared to last year – adj. net income grows 31%
• Group: Full year outlook confirmed
• DE: Underlying mobile service revenue trend improved to -0.1% - return to positive underlying growth expected for 2013.
• DE: Growth in key areas: 441k mobile contract net adds, 70k TV net adds and 156k fiber net adds (incl. wholesale)
• DE: Solid revenue trend (-1.6%) in Q1/13; adj. EBITDA-margin at 40.5%
• USA: Growth in key areas: +579k mobile customers, branded customer losses stopped, branded postpaid churn down 60bps to 1.9%
• USA: Adj. EBITDA in US-$ -9% but margin at 25% level
• USA: Successful uncarrier and iPhone launch
• EU: Growth in key areas: 72k mobile contract customers, 72k TV customers, 59k broadband customer net adds
• EU: Revenues impacted by 2.5x higher negative regulatory effect than in Q1/12. Revenues down by -6.9%
• T-Systems: Adj. EBITDA +23% due to cost reduction – margin improved to 7.5%