Deutsche Telekom's Q1-2025 investor conference call #DT25Q1

CEO Tim Höttges and CFO Christian Illek present DT's Q1 2025 results for investors and answers questions on May 15, 2025. 0:00:00 Start 0:00:35 Beginning of the call ▬▬▬▬▬ Presentation ▬▬▬▬▬ 📣 Tim Höttges (CEO) 0:01:15 Q1/25 consistent reliable growth (p#4) 0:03:05 Financial Q1/25 organic (p#5) 0:03:34 Networks (p#6) 0:04:52 AI and Digital (p#7) 0:07:56 Customers (p#8) 0:11:19 ESG (p#9) 0:11:36 Guidance 2025 (p#10) 📣 Christian Illek (CFO) 0:12:46 US: Financial growth (p#12) 0:13:39 US: Customer growth(p#13) 0:14:35 DE: EBITDA growth (p#14) 0:15:40 DE: Service revenues (p#15) 0:17:00 DE: Fixed revenues (p#16) 0:17:46 DE: Fixed KPIs (p#17) 0:19:21 DE: Mobile KPIs (p#18) 0:19:47 EU: Financials (p#19) 0:20:13 EU: Commercial KPIs (p#19) 0:20:40 Systems Solutions (p#21) 0:21:24 Financial Q1/25 reported (p#22) 0:22:15 FCF AL and adj. net profit (p#23) 0:22:54 Net dept (#24) 0:23:44 Q1/25 Key messages (p#26) ▬▬▬▬▬▬▬ Q&A ▬▬▬▬▬▬▬ Questions were answered by Tim Höttges (CEO), Christian Illek (CFO) and Hannes Wittig (Head of IR) 0:25:16 1. 🙋‍♂️ Mathieu Robillard (BarCap) -TMUS: Lumos acquisition + FTTH; interest in cable or satellite -DE/fixed/broadband: ARPA growth when no growth in subscribers 0:30:28 2. 🙋‍♂️ Joshua Mills (Exane) -DE/broadband: Price increases to monetize FTTH? -DE/mobile: value over volume or vice versa? 0:39:25 3. 🙋‍♂️ Adam Fox-Rumley (HSBC) -DE/broaband: What has changed with the shift to ‘value over volume’? -DE/FTTH: Did overbuilders stepped up in 2025? 0:42:50 4. 🙋‍♂️ Akhil Dattani (J.P. Morgan) -DE/mobile/pricing: looks like volume over value; is marginal pricing too aggressive? -EU/consolidation: is a bigger European footprint necessary? Relevant with respect to data sovereignty? 0:48:23 5. 🙋‍♂️ Polo Tang (UBS) -DE/new government: impact of stimulus on 2025? -DE/broadband: exclusive in multi dwelling units? 0:52:29 6. 🙋‍♂️ Carl Murdock-Smith (Citi) -DE/fixed/service revenue: orderbook visibility in IT business -TMUS: level of appetite for hosting cable MVNOs? 0:56:26 7. 🙋‍♂️ Andrew Lee (Goldman-Sachs) -US/market growth: has the outlook for the market or for TMUS changed? -Capital allocation: TMUS stake building vs DT share buyback 1:01:21 8. 🙋‍♂️ Ottavio Adorisio (BersteinSG) -DE/personell costs: will pressure from tariff increases be offset? -DE/fixed/wholesale: why are revenues above guideance? 1:04:57 9. 🙋‍♂️ James Ratzer (Newstreet Research) -DE/mobile: Market growth for all players in postpaid contracts? -DE/fixed/MDUs: what are the specific actions to improve growth and willing to wholebuy? 1:10:57 10. 🙋‍♂️ Steve Malcolm (Redburn) -DE/fixed/wholesale: what are volume and pricing the trends? 1:12:10 11. 🙋‍♂️ Emmet Kelly (Morgan Stanley) -DE/workforce: what to expect with respect to reduction + new hirings? 1:13:29 12. 🙋‍♂️ Robert Grindle (Deutsche Bank) Towers: carve-out still planned in EU?