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Consolidated financial and operating highlights (Italy classified as held for sale from 3Q15).

 

Download 4Q16 Fact book

in USD millions, unless stated otherwise, unaudited.

 
Consolidated*1Q14 Pro Forma2Q14 Pro Forma3Q14 Pro Forma4Q14 Pro Forma1Q15 Pro Forma2Q15 Pro Forma3Q154Q151Q162Q163Q164Q16FY14FY15FY16
Total operating revenue3,4653,5073,5443,0002,3122,5702,4422,3012,0232,1562,3722,35413,5179,6068,885
Service revenue 3,399 3,447 3,462 2,922 2,260 2,515 2,364 2,1931,9532,0892,2872,24413,2319,3138,553
EBITDA 1,496 1,470 1,520 1,074 938 1,069 58 811758795896783 5,560 2,8753,232
EBITDA margin43.2% 41.9% 42.9% 35.8% 40.6% 41.6% 41.7% 35.2%37.5%36.9%37.8%33.3%41.1% 29.9%36.4%
EBIT770766873(536)308530(480)166304283406911,8735241,084
Profit/(Loss) before tax 378 503 427 (933) (8) 329   (834) (100)15596186(3) 375 (595)433
Net income/(loss) 38 102 105 (890) 184 108 (1,005)581891384451,643(647)(655)2,414
                
Capital expenditures (CAPEX) 542 1,082758848 2665974646941953474257703,4342,0331,741
CAPEX excluding licenses 532 768 744 744 212 468 457 634 151 3063827542,8331,7791,594
CAPEX excluding licenses / revenue 15% 22% 21% 28% 9% 18% 18% 28% 7% 17%16%32%21% 19%18%














 
Operating cash flow (EBITDA(6)-CAPEX excluding licenses) 965 705 781 275 727 607 570 177607606514292,7271,0961,638
OCF margin (%)28%20%22%9%31%24%23%8%30%28%22%1%20%11%18%

*Notes:

(1) As a result of the succesful resolution in Algeria, adjustments to the following items were made:

(a) 4Q13 EBITDA, EBITDA margin, EBIT and Loss before tax of USD 1.3 bln to reflect BofA claim

(b) 4Q14 EBITDA, EBITDA margin, EBIT and Loss before tax of USD 50 mln to reflect Cevital settlement

(2) 4Q13 EBITDA and CAPEX were affected by USD 72 mln as a result of fixed assets write off and accounted as operating expenses in Uzbekistan

(3) 1Q13 and FY13 CAPEX excludes EUR 136 million of non-cash increase in Intangible Assets related to the contract with Terna in relation to the Right of Way of WIND’s backbone

(4) Previous periods were restated due to alignment with the Group definition.

(5) Please refer to our EBITDA reconciliation table

(6) EBITDA 4Q15 was restated due to late adjustments

*Notes:

(1) As a result of the succesful resolution in Algeria, adjustments to the following items were made:

(a) 4Q13 EBITDA, EBITDA margin, EBIT and Loss before tax of USD 1.3 bln to reflect BofA claim

(b) 4Q14 EBITDA, EBITDA margin, EBIT and Loss before tax of USD 50 mln to reflect Cevital settlement

(2) 4Q13 EBITDA and CAPEX were affected by USD 72 mln as a result of fixed assets write off and accounted as operating expenses in Uzbekistan

(3) 1Q13 and FY13 CAPEX excludes EUR 136 million of non-cash increase in Intangible Assets related to the contract with Terna in relation to the Right of Way of WIND’s backbone

(4) Previous periods were restated due to alignment with the Group definition.

(5) Please refer to our EBITDA reconciliation table

(6) EBITDA 4Q15 was restated due to late adjustments

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