Sustained commercial momentum across our Telco business
Cinema ticket sales reached a new quarterly record in 3Q23
3
Operating highlights
4
Healthy operational RGU growth
+104.8k NAs to 10.984M RUGs
Convergent offers perceived by clients with highest value
+12.2k NAs to 1,126.2k customers, 69%
proposition
of customer bas
Core value post-paid mobile subs posting good growth
+69.4k NAs
Next Generation Network investment leveraging customer
91% 5G population coverage
satisfaction through excellence in customer experience
Best performing quarter in terms of ticket sales, surpassing pre
+57.4% cinema ticket sales to 2.8 million
pandemic levels
4
5
Robust operating performance driving strength of financial results, with double digit growth in EBITDA and FCF
5
Financial highlights
6
Consolidated revenues driven by strong Telco performance boost
6.9% yoy to 407.9M€ in 3Q23
on A&C ticket sales
Telco revenues with strong revenues performance
+4.7% yoy to 384.9M€ in 3Q23
Consolidated EBITDA and EBITDA AL performing well
+12.7% in EBITDA to 200.4M€ in 3Q23
+12.3% in EBITDA AL to 171.7M€ in 3Q23
For the third quarter in a row Total CAPEX remains below 100M€,
97.7M€ in 3Q23, -18.8% yoy
confirming the strong deceleration of 5G deployment
21.7M€ Network expansion, -40.5% yoy
EBITDA AL performance and decreased investment requirements
+36.4M€ in 3Q23 to 39.6M€, excluding tower
driving FCF
sales recorded in 3Q22
6
Total RGUs posted healthy growth, the best of 2023
Total RGU Net Adds - 3Q23
(Thousands)
142
117
105
89
8
3Q22 4Q22 1Q23 2Q23 3Q23
Total RGUs per Service (EoP)
(Millions)
+3.00%
10.67 10.98
0.050.05
1,80 1,82
1,51 1,55
1,66 1,67
5,64 5,90
3Q22 3Q23
Others and Data Fixed Voice Fixed BB Pay TV Mobile
Source: ANACOM for Meo and Vodafone. NOS estimates for 3Q22.
8
Core services with positive momentum
Mobile Net Adds
(Thousands)
107
82
67
6 10 11
52
69
12
Fixed Pay TV & BB Net Adds
(Thousands)
13
12
10
10
7
6
12
8
5
5
-49
3Q22
4Q22
1Q23
2Q23
3Q23
Post-paid
Pre-paid
3Q22
4Q22
1Q23
2Q23
3Q23
BB
Fixed Pay TV
9
Convergent and integrated offers continue to be preferred by customers
Convergent & Integrated Customers
(Total Subscribers (thousands) and fixed penetration (%))
+18
+15
+10
+12
1 071
1 089
1 104
1 114
1 126
66.5% 67.2% 67.9% 68.4% 69.0%
3Q22
4Q22
1Q23
2Q23
3Q23
000
000
000
000
000
000
0
Convergent & Integrated RGUs
(Total (thousands) and per subscriber (units))
5 539
5 645
5 739
5 810
5 892
5,2
5,2
5,2
5,2
5,2
2,3
2,3
2,3
2,3
2,3
3Q22
4Q22
1Q23
2Q23
3Q23
8
7
6
5
4
3
2
1
0
Convergent + Integrated Penetration (Fixed)
Convergent + Integrated RGUs
Convergent + Integrated Customers
RGUs Per Customer
Mob. Cards per Customer
10
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Disclaimer
Nos SGPS SA published this content on 03 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2023 12:55:51 UTC.
NOS, SGPS, S.A. is a telecoms and entertainment group in Portugal. It offers latest generation fixed and mobile phone, television, Internet, voice and data solutions for all market segments. It is leader in Pay TV, new generation broad band services and in cinema distribution. In the business segment, it has positioned itself as a sustainable alternative in the Corporate and Mass Business segments, offering a broad portfolio of products and services with tailor made solutions for each sector and for businesses of different sizes, complementing its offer with ICT and Cloud services.
NOS, SGPS, S.A. 
