Q4 2024 Turkcell Iletisim Hizmetleri AS Earnings Call Transcript
Key Points
- Turkcell Iletisim Hizmetleri AS (IST:TCELL) achieved a 7.8% year-on-year increase in top-line revenue, surpassing their guidance.
- The company maintained a strong EBITDA margin just below 42%, with EBITDA reaching TRY69.8 billion.
- Turkcell added a record-breaking 1.9 million net postpaid customers, marking the highest addition in the past 15 years.
- The company completed the sale of its Ukraine asset, contributing to a 30% increase in net income.
- Turkcell's digital business services generated TRY4.4 billion in revenue, with a 19% year-on-year rise in recurring service revenues.
- The mobile market remained highly competitive, with aggressive pricing dynamics persisting throughout the year.
- Turkcell experienced a 0.9 million quarterly net loss in the prepaid segment due to broader adoption of alternative data solutions and postpaid migrations.
- The churn rate increased to 2.8% due to market aggressiveness and life cycle closures.
- There is uncertainty regarding the 5G tender timeline and potential license fees, which could impact future financial planning.
- Inflationary pressures and rising funding costs have affected EBITDA margins, reducing them by 3.4 percentage points.
Ladies and gentlemen, thank you for standing by. I am Gelli, your Chorus Call operator. Welcome and thank you for joining the Turkcell conference call live webcast to present and discuss the Turkcell fourth quarter and full-year 2024 financial results. All participants will be in listen-only mode, and the conference is being recorded. The presentation will be followed by a question-and-answer session. (Operator Instructions)
At this time, I would like to turn the conference over to Mrs. Ozlem Yardim, Investor Relations and Corporate Finance Director. Mrs. Yardim, you may now proceed.
Thank you Gelli. Hello, everyone. Welcome to Turkcell's 2024 full-year earnings call. Today, our CEO, Ali Taha Koc; and CFO, Kamil Kalyon, will be delivering a brief presentation covering operational and financial results which will be followed by a Q&A session. Before we begin, I would like to kindly remind you to review our Safe Harbor statements available at the end
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