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1&1:Quarterly Results/2025 Q1: Difference between revisions
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== Earnings call summary == | == Earnings call summary == | ||
[https://finchat.io/company/XTRA-1U1/investor-relations/Q1-2025/ Q1 2025 1&1 earnings call transcript] | [https://finchat.io/company/XTRA-1U1/investor-relations/Q1-2025/ Q1 2025 1&1 earnings call transcript] | [https://edge.media-server.com/mmc/go/1-und-1-Q1-2025/ Q1 2025 1&1 Webcast Call] | ||
=== Antenna sites === | |||
* '''D'Avis said they currently have 1,000 activated sites, they are adding 200 to 300 sites per quarte and will have 2,000 at the end of the year (Q&A).''' "In Q1, we have in total 1,000 sites on air. And, each quarter we will, add 200 to 300 sites. So in the end of the year, I think we will see 2,000 sites activated," he said. | |||
* '''D'Avis said they will see 25% coverage at the end of the year, but pointed out that it's a tough target''' (Q&A). "We will see 25% coverage at the end of this year. It's a tough target, but we think that we can achieve that.," he said. | |||
=== Customer contracts === | === Customer contracts === | ||
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* Migration will be huge in the first, second and third quarter. It will tail off in Q4. | * Migration will be huge in the first, second and third quarter. It will tail off in Q4. | ||
* At the end of Q1, they had migrating 6 million customers to own network (Q&A). | * At the end of Q1, they had migrating 6 million customers to own network (Q&A). | ||
* '''D'Avis said that it's possible in the next quarte to see more customers not having coverage due to movements''' (Q&A). "But what we could see in the next quarters is that there are more customers without network coverage. But we are not exactly knowing which customers have the problem with the coverage because of their movement profile. Basically, you have better reception at home and what we know is the residence and address of the customers. What we don't know is the movement profile. And this is more relevant in terms of network coverage. So, at this point, we are very happy with the results that we see, as I mentioned before." | |||
* '''D'Avis said | |||
=== Q1 2025 EBITDA and CapEx === | === Q1 2025 EBITDA and CapEx === | ||
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* D'Avis said EBITDA will decrease slightly over the year due to the migration. " This is due to the fact that the national roaming costs and the Vodafone contract are expensed directly. The Telefonica contract, as mentioned before, there were one off costs that we amortize over five years," he said. | * D'Avis said EBITDA will decrease slightly over the year due to the migration. " This is due to the fact that the national roaming costs and the Vodafone contract are expensed directly. The Telefonica contract, as mentioned before, there were one off costs that we amortize over five years," he said. | ||
* D'Avis pointed out that the CapEx for Q1 2025 is fully in line with their expectations and business plan, especially with regards to phasing in effect from 2024 and 2023 (Q&A). | * D'Avis pointed out that the CapEx for Q1 2025 is fully in line with their expectations and business plan, especially with regards to phasing in effect from 2024 and 2023 (Q&A). | ||
* Responding to an analysts who flagged Q1 EBITDA that was better than analysts estimate and could signal conservative guidance for the full year, D'Avis said the 2025 EBITDA guidance is not conservative. | |||
=== 800 million loan from JBIC === | |||
* D'Avis said at the moment they don't know if they will need the full 800 million euros, adding that they expect they can finance the network expansion from their own cash (Q&A). | |||
* The 800 million loan gives them flexibility if there will be an auction in 2028 (Q&A). | |||
* D'Avis pointed out that it's a long-lasting loan, and details such as interest rate are in arm length. Similarly, the duration of the loan is not known to the public (Q&A). | |||
=== Low-band spectrum === | === Low-band spectrum === | ||
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* D'Avis pointed out that CapEx is more backloaded (Q&A). "Why is it back loading? Sometimes there are acceptances necessary before the final invoice can be issued or suppliers' invoice are late and so on and so on. So there's a backlog that will be dissolved in the next three quarters. Besides that, the investment for the capacity expansion of our core data centers will be more in the second half of the year," he said. | * D'Avis pointed out that CapEx is more backloaded (Q&A). "Why is it back loading? Sometimes there are acceptances necessary before the final invoice can be issued or suppliers' invoice are late and so on and so on. So there's a backlog that will be dissolved in the next three quarters. Besides that, the investment for the capacity expansion of our core data centers will be more in the second half of the year," he said. | ||
* D'Avis added that a lot of projects will end in second half. | * D'Avis added that a lot of projects will end in second half. | ||
=== Compensation for network outage === | |||
* D'Avis said the 2025 guidance doesn't include any compensation payments (Q&A). | |||
* D'Avis said discussions and negotiations around it are ongoing but they don't have anything to share at the moment (Q&A). | |||
== Management guidance and analysts estimates == | == Management guidance and analysts estimates == | ||