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PLAY Q1 2015 results
Press release
May 26, 2015
PLAY reached 21.9% market share with further expansion of revenues and EBITDA
Q1 2015 Highlights:
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Total operating revenue in Q1 2015 amounted to PLN 1,228m, increasing by 24.5%
comparing to Q1 2014
Usage revenue for the twelve months ended Q1 2015 amounted to PLN 3,682m,
increasing by 20.5% year over year
Q1 2015 usage revenues amounted to PLN 959m, an increase by 19.7% over Q1 2014
Adjusted EBITDA for the twelve months ended Q1 2015 amounted to PLN 1157m,
up by 37% over twelve months ended Q1 2014
Q1 2015 Adjusted EBITDA amounted to PLN 323m, up by 12% over Q4 2014
Q1 2015 subscriber net additions amounted to 399k, increasing by 90% compared to
growth in Q1 2014
Total customer base reached 12.7 million (+15.9% year on year), while share of contract
subscribers increased to 48.3%, up from 45% in Q1 2014;
Play achieved 21.9% market share (an increase by 2.6 p.p y-o-y)
Further roll-out of 4G LTE network allowed to offer 4G LTE service to 75% of population
as of March 31, 2015
In Q1 2015 PLAY continued subscriber base growth accompanied by ARPU growth (on year on year
basis) led to further revenue and EBITDA expansion. Usage revenue for the twelve months ended March
31, 2015 amounted to PLN 3,682 million, representing an increase by 20.5% over twelve months to
March 31, 2014. The share of contract subscribers in total subscriber base further increased to 48.3% in
Q1 2015, compared to 47.3% in Q4 2014 and 45% in Q1 2014. This was achieved due to continued
strong development of contract subscriber base, with contract subscribers accounting for 81% of overall
subscriber base growth in Q1 2015.
P4 Sp. z o.o.
Address for notices:
P4 Sp. z o.o.
7 Tasmowa St.
02-677 Warsaw
Poland
[email protected]
Phone: +48 22 319 4 319
Phone: +48 22 319 4 000
PLAY’s subscriber base grew to 12.7 million customers as of March 31, 2015 representing an estimated
21.9% of all reported mobile subscribers in Poland. Market share increased by 2.6 p.p. comparing to
19.3% as of March 31, 2014. PLAY continued to acquire the highest share of customers porting their
numbers under Mobile Number Portability, registering 50% share.
Adjusted EBITDA for twelve months ended March 31, 2015 amounted to PLN 1157 million, an increase
by 37% compared to twelve months ended March 31, 2014. For Q1 2015 standalone the Adjusted
EBITDA was PLN 323 million representing 12% growth over Q4 2014. Adjusted EBITDA growth in Q1
2015 was influenced by outstanding contract subscriber acquisition results, with net contract subscriber
base growth by 321k in Q1 2015 compared to growth by 154k in Q1 2014.
“The first quarter of 2015 was a continuation of exceptional performance of PLAY on both commercial
and financial areas. We have added 399k subscribers to our subscribers base increasing our market
share to 21.9% and recorded revenue of PLN 1,228m which is 24.5% higher comparing to Q1 2014. The
very healthy growth is confirmed by our adjusted EBITDA margin increase to 26.3%”
Jørgen Bang-Jensen, the CEO of PLAY
Results of PLAY for Q1 2015 and twelve months ended March 31, 2015:
Q1 2014
Operating revenue
Service revenue
Usage revenue
Q4 2014
Q1 2015
Change
QoQ
Twelve months to March
2014
2015
Change
YoY
1,228
24,5%
1,206
1,228
1,8%
3,832
4,634
20,9%
938
1,156
23,3%
1,130
1,156
2,3%
3,594
4,379
21,8%
801
959
19,7%
944
959
1,6%
3,056
3,682
20,5%
238
323
35,7%
289
323
12,1%
845
1,157
36,9%
%
24,2%
26,3%
23,9%
26,3%
22,1%
25,0%
Thousands
subscribers
10,943
12,685
15,9%
12,287
12,685
3,2%
10,943
12,685
15,9%
4,924
6,132
24,5%
5,810
6,132
5,5%
4,924
6,132
24,5%
%
45,0%
48,3%
47,3%
48,3%
45,0%
48,3%
% Margin
Contract Subscribers
Change
QoQ
986
PLN
in
millions
Adjusted EBITDA
Total Subscribers
Q1 2015
% share of contract
subscribers
P4 Sp. z o.o.
Address for notices:
P4 Sp. z o.o.
7 Tasmowa St.
02-677 Warsaw
Poland
[email protected]
Phone: +48 22 319 4 319
Phone: +48 22 319 4 000
About Play
P4 Sp. z o.o., trading as Play, is a consumer-focused mobile network operator in Poland with over 11 million
subscribers as of September 30, 2014. Play provides mobile voice, messaging and data offerings and
services to consumers and businesses (in particular to small office/home office subscribers and
small/medium enterprises) on a contract and prepaid basis under our umbrella brand “PLAY”. Play
provides these services, available to 99% of the population, via an extensive, modern and cost-efficient
2G/3G/4G LTE telecommunications network complemented by long-term national roaming/network sharing
agreements with the other three major Polish mobile network operators.
Cautionary Statement
This press release contains forward-looking statements. You should not place undue reliance on such
statements because they are subject to numerous risks and uncertainties relating to Play Holdings 2 S.à
r.l.’s and its subsidiaries (together the “Company”) operations and business environment, all of which are
difficult to predict and many are beyond the Company’s control. Forward-looking statements include
information concerning the Company’s possible or assumed future results of operations, including
descriptions of its business strategy. These statements often include words such as “may,” “might,” “will,”
“could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “seek,” “believe,” “estimate,”
“predict,” “potential,” “continue,” “contemplate,” “possible” or similar expressions. The forward-looking
statements contained in this press release are based on our current expectations and estimates of future
events and trends, which affect or may affect our businesses and operations. You should understand that
these statements are not guarantees of performance or results. They involve known and unknown risks,
uncertainties and assumptions. Although the Company believes that these forward-looking statements are
based on reasonable assumptions, you should be aware that many factors could affect its actual financial
results or results of operations and could cause actual results to differ materially from those in these
forward-looking statements.
P4 Sp. z o.o.
Address for notices:
P4 Sp. z o.o.
7 Tasmowa St.
02-677 Warsaw
Poland
[email protected]
Phone: +48 22 319 4 319
Phone: +48 22 319 4 000