Magyar Telekom Telecommunications

Magyar Telekom Telecommunications Plc (MAVD:LN) Telecommunications/Telecommunication Services Price: 6.00 USD Report Date: September 24, 2021 Business Description and Key Statistics

Magyar Telekom Telecommunications is provider of Current YTY % Chg telecommunications services in Hungary and Republic of North Macedonia and alternative service provider in Bulgaria and Revenue LFY (M) 2,264 -3.4 Romania. Co. has two reporting segments: MT-Hungary operates in EPS Diluted LFY 0.14 -25.0 Hungary, providing mobile and fixed line telecommunications, TV distribution, information communication and system integration Market Value (M) 6,203 services to residential and business customers under the Telekom; and North Macedonia is responsible for Co.'s full-scale mobile and Shares Outstanding LFY (000) 1,033,906 fixed line telecommunications operations in North Macedonia. Book Value Per Share 1.96 EBITDA Margin % 32.60

Net Margin % 5.5 Website: www.telekom.hu Long-Term Debt / Capital % 17.0 ICB Industry: Telecommunications Dividends and Yield TTM 0.00 - 0.00% ICB Subsector: Telecommunication Services Payout Ratio TTM % 100.0 Address: 55 Krisztina krt. Budapest 60-Day Average Volume (000) 0 HUN 52-Week High & Low 6.00 - 5.80 Employees: 8,246 Price / 52-Week High & Low 1.00 - 1.03

Price, Moving Averages & Volume

6.4 6.4 Magyar Telekom Telecommunications Plc is currently trading at its 50 day 6.3 6.3 moving average price of 6.00 and at its 200 day moving 6.2 6.2 average price of 6.00. MAVD:LN is currently trading 6.1 6.1 at its 52-week high price of 6.00 and is 3.4% above its 52- week low price of 5.80. Over 6.1 6.1 the past 52-weeks, MAVD:LN is up 3.5% while on a calendar 6.0 6.0 year-to-date basis it is up 0.0%. The Relative Strength Index 5.9 5.9 (RSI) indicator for MAVD:LN is currently 100. An RSI value of 70 and above is considered 5.8 5.8 overbought and 30 and below oversold. 5.8 5.8 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 Volume (000) 0.2 0.2

0.2 0.2

0.1 0.1

Mean (0.00) 0.0 0.0 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Copyright © 2021 FTSE Russell 1 www.ftserussell.com Magyar Telekom Telecommunications Plc (MAVD:LN) Telecommunications/Telecommunication Services Price: 6.00 USD Report Date: September 24, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % 0.00 0.48 50-Day Average Price 6.00 1-Week % 0.00 -0.26 Price / 50-Day Average 1.00 4-Week % 0.00 1.42 200-Day Average Price 6.00 52-Week % 3.45 -20.90 Price / 200-Day Average 1.00 RSI - Relative Strength Index 100.00 Quarter-to-Date % 0.00 -1.13

Year-to-Date % 0.00 -10.22 Risk Metrics Last Month % 0.00 -1.92 Price Volatility 0.00 Last Quarter % 0.00 -4.67 Sharpe Ratio -0.12 Last Calendar Year % -12.41 0.58 Sortino Ratio -0.15

5-Year Price Performance vs. FTSE 350

Magyar Telekom Telecommunications Plc Current: 0.72 CAGR: -6.3% Over the past five years, FTSE 350 Index Current: 1.18 CAGR: 3.4% Magyar Telekom Telecommunications Plc's 1.3 1.3 stock price is down 27.9% which is 46.3% below the FTSE 350 Index performance 1.2 1.2 of 18.4% over the same period. Magyar Telekom 1.2 ^NMX:LN 1.2 Telecommunications Plc's cumulative annualized growth rate (CAGR) over the five year 1.1 1.1 period has been -6.3% while that of the FTSE 350 Index has been 3.4%. 1.1 1.1 Over the past year, Magyar 1.0 1.0 Telekom Telecommunications Plc's stock price performance of 3.5% has underperformed 1.0 1.0 that of the FTSE 350 Index by 20.9%. On a year-to-date 0.9 0.9 basis, Magyar Telekom Telecommunications Plc's stock price performance of 0.9 0.9 0.0% has underperformed the FTSE 350 Index by 10.2%. 0.8 0.8 Over the past week, Magyar Telekom Telecommunications 0.8 0.8 Plc's stock price performance of 0.0% has underperformed MAVD:LN that of the FTSE 350 Index by 0.7 0.7 0.3%.

0.7 0.7 2017 2018 2019 2020 2021 2022

Copyright © 2021 FTSE Russell 2 www.ftserussell.com Magyar Telekom Telecommunications Plc (MAVD:LN) Telecommunications/Telecommunication Services Price: 6.00 USD Report Date: September 24, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % 3.3 -1.3 -4.1 Gross Margin % 56.1 63.4 Revenues Per Share % 3.6 -1.1 -4.0 EBITDA Margin % 32.6 30.4 EBITDA % 3.2 1.1 -4.9 Pre-Tax Margin % 8.9 8.1 EPS Diluted % -9.1 0.0 -11.6 Net Margin % 5.5 5.2 Free Cash Flow % 13.1 76.6 -6.1 Return on Equity % 6.0 6.4 Cash from Operations % 1.5 -0.3 -5.6 Return on Capital % 4.7 4.2 Book Value % 3.7 2.3 -3.3 Return on Assets % 3.0 2.8

Revenue (M) Magyar Telekom Telecommunications Plc's Current: 2263.97 Median: 2303.87 High: 2361.92 Low: 2053.90 CAGR: 3.3% cumulative annualized revenue 2,423.5 2,423.5 2,361.9 2,343.8 growth rate over the charted period is 3.3%. This compares 2,295.2 2,264.0 2,295.2 to cumulatative annualized growth of 3.3% over the past 3 2,166.8 2,166.8 years. 2,053.9 2,038.5 2,038.5 2016 2017 2018 2019 2020 2021 Magyar Telekom EPS Diluted Telecommunications Plc's Current: 0.14 Median: 0.16 High: 0.18 Low: 0.14 CAGR: -8.0% cumulative annualized EPS 0.188 0.188 growth rate over the charted 0.180 period is -8.0%. This 0.170 0.171 0.171 compares to cumulatative annualized growth of -9.1% over the past 3 years. 0.155 0.150 0.155 0.140 0.138 0.138 2016 2017 2018 2019 2020 2021

Net Profit Margin % Magyar Telekom Telecommunications Plc's net Current: 5.48 Median: 7.06 High: 8.12 Low: 5.48 CAGR: -6.9% profit margin of 5.5% is 1.5% 8.3 8.3 below the period's mean net margin of 7.0%. During the 7.3 Mean (6.95) 7.3 charted period, the observed net profit margin high and low 6.3 6.3 were 8.1% and 5.5% respectively. 5.3 5.3 2016 2017 2018 2019 2020 2021 Magyar Telekom Return on Equity % Telecommunications Plc's Current: 6.00 Median: 8.00 High: 10.10 Low: 6.00 CAGR: -11.7% return on equity of 6.0% is 10.3 10.3 2.2% below the period's mean return on equity of 8.2%. 8.8 8.8 During the charted period, the Mean (8.15) observed ROE high and low were 10.1% and 6.0% 7.3 7.3 respectively.

5.8 5.8 2016 2017 2018 2019 2020 2021

Copyright © 2021 FTSE Russell 3 www.ftserussell.com Magyar Telekom Telecommunications Plc (MAVD:LN) Telecommunications/Telecommunication Services Price: 6.00 USD Report Date: September 24, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 50.0 52.0 57.1 Earnings Yield % 2.09 1.69

Price / Sales 2.7 3.3 3.2 Free Cash Flow Yield % 3.54 3.06 2.63

Price / Operating Cash Flow 10.5 13.4 13.5 Dividend Yield % 0.00 5.37 5.37

Price / Book Value 3.1 3.8 4.0 Enterprise Value / EBITDA 9.3 12.7 12.2

Price / EPS TTM Magyar Telekom Telecommunications Plc is Current: 50.00 Median: 52.00 High: 69.33 Low: 42.50 CAGR: -6.3% trading at 50.00 times its EPS 70.7 70.7 generated during the latest fiscal year. This multiple is 60.8 60.8 below the historically observed median of 52.00, while high Median (52.00) and low observations have 51.0 51.0 been 69.33 and 42.50.

41.2 41.2 2016 2017 2018 2019 2020 2021 Price / Sales Magyar Telekom Telecommunications Plc is Current: 2.74 Median: 3.31 High: 4.47 Low: 2.63 CAGR: -7.4% trading at a Price to Sales ratio 4.56 4.56 of 2.74 based on sales generated during the latest 3.89 3.89 fiscal year. This ratio is below the historically observed Median (3.31) median ratio of 3.31, while 3.21 3.21 high and low observations have been 4.47 and 2.63. 2.54 2.54 2016 2017 2018 2019 2020 2021 Magyar Telekom Price / Book Value Telecommunications Plc is Current: 3.06 Median: 3.78 High: 5.84 Low: 2.93 CAGR: -11.2% trading at a Price to Book ratio 6.0 6.0 of 3.06 based on book value at the latest fiscal year end. This ratio is below the historically 4.9 4.9 observed median of 3.78, while high and low 3.9 Median (3.78) 3.9 observations have been 5.84 and 2.93.

2.8 2.8 2016 2017 2018 2019 2020 2021 Magyar Telekom Free Cash Flow Yield % Telecommunications Plc has a Current: 3.54 Median: 3.06 High: 3.70 Low: 1.67 CAGR: 11.4% Free Cash Flow Yield of 3.54% 3.8 3.8 based on free cash flow generated during the latest Median (3.06) fiscal year. This value is above 3.1 3.1 the historically observed median yield of 3.06%, while 2.3 2.3 high and low observations have been 3.70 and 1.67.

1.6 1.6 2016 2017 2018 2019 2020 2021

Copyright © 2021 FTSE Russell 4 www.ftserussell.com Magyar Telekom Telecommunications Plc (MAVD:LN) Telecommunications/Telecommunication Services Price: 6.00 USD Report Date: September 24, 2021 Dividends Data

Dividends Per Share TTM 0.00 Payout Ratio TTM % 100.00% Dividend Yield TTM % 0.00%

Rate Ex Date Record Date Payment Date Currency Note 0.322 11-06-2020 12-06-2020 01-07-2020 USD FINAL RATE 0.442 14-05-2019 15-05-2019 13-06-2019 USD FINAL RATE 0.457 14-05-2018 15-05-2018 08-06-2018 USD FINAL GROSS RATE 0.454 11-05-2017 12-05-2017 31-05-2017 USD GROSS RATE 0.267 12-05-2016 13-05-2016 09-06-2016 USD GROSS FINAL RATE

Dividend Growth and Yield

Dividends Per Share TTM Magyar Telekom Telecommunications Plc's Current: 0.00 Median: 0.44 High: 0.46 Low: 0.00 CAGR: 0.0% trailing 12-month dividend per 0.48 0.48 share is 0.00 and its dividend has grown at a cumulative 0.40 0.40 annualized rate of 0.0% over the charted period. This 0.31 0.31 compares to dividend growth of -100.00% over the past year and cumulative annualized 0.23 0.23 growth of -100.00% over the past 3 years. 0.15 0.15

0.06 0.06

-0.02 -0.02 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % Magyar Telekom Telecommunications Plc's Current: 0.00 Median: 5.37 High: 7.69 Low: 0.00 CAGR: 0.0% current dividend yield is 0.00% 8.07 8.07 based on trailing 12 month dividends. The current yield is 6.66 6.66 below the historically observed median of 5.37% and, over the 5.25 5.25 charted time period, the observed high yield has been 7.69% and the observed low 3.85 3.85 yield has been 0.00%.

2.44 2.44

1.03 1.03

-0.38 -0.38 2016 2017 2018 2019 2020 2021

Copyright © 2021 FTSE Russell 5 www.ftserussell.com Magyar Telekom Telecommunications Plc (MAVD:LN) Telecommunications/Telecommunication Services Price: 6.00 USD Report Date: September 24, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % -26.0 -11.2 3.6 18.5 33.3 -39.8 -23.2 -6.5 10.1 26.7

Airtel Africa PLC 30.6 Gamma Communications PLC 23.7

Helios Towers PLC 20.9 Telecom Egypt SAE 16.8

BT Group Plc 19.8 Rostelecom PJSC 4.0

Gamma Communications PLC 8.8 Cablevision Holding SA 0.7

Peer Group Average 6.0 Peer Group Average -2.8

Telecom Egypt SAE 2.8 Helios Towers PLC -3.2

Magyar Telekom Telecommunications… 0.0 Airtel Africa PLC -5.4

Rostelecom PJSC -4.5 Magyar Telekom Telecommunications… -12.4

Vodafone Group Plc -5.9 Vodafone Group Plc -17.6

Cablevision Holding SA -18.4 BT Group Plc -31.3

-26.0 -11.2 3.6 18.5 33.3 -39.8 -23.2 -6.5 10.1 26.7

Price / EPS TTM Price / Book Value 0.0 26.1 52.2 78.3 104.4 0.0 3.6 7.3 10.9 14.5

Helios Towers PLC 99.9 Helios Towers PLC 13.9 Cablevision Holding SA 99.9 Gamma Communications PLC 11.1 Vodafone Group Plc 99.9 Peer Group Average 4.0 Rostelecom PJSC 62.5 Rostelecom PJSC 4.0 Magyar Telekom Telecommunications… 50.0 Magyar Telekom Telecommunications… 3.1 Gamma Communications PLC 49.6 SwissCom AG 2.9 Peer Group Average 49.0 Telecom Egypt SAE 2.6 Telecom Egypt SAE 23.3 Hellenic Telecommunications… 1.9 SwissCom AG 18.0 Airtel Africa PLC 1.5 Airtel Africa PLC 15.1 BT Group Plc 1.3 BT Group Plc 10.9 Cablevision Holding SA 1.1 Hellenic Telecommunications… 10.4 Vodafone Group Plc 0.7 0.0 26.1 52.2 78.3 104.4 0.0 3.6 7.3 10.9 14.5

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -181.0 128.3 437.6 746.9 1,056.1 -10.2 -3.9 2.3 8.6 14.8

Vodafone Group Plc 999.9 Gamma Communications PLC 13.7

5.5 Peer Group Average 145.8 Telecom Egypt SAE BT Group Plc 2.3 Gamma Communications PLC 29.3 Peer Group Average 1.1 Hellenic Telecommunications… 24.6 SwissCom AG -1.2 SwissCom AG 2.4 Hellenic Telecommunications… -1.2 Magyar Telekom Telecommunications… 0.0 Magyar Telekom Telecommunications… -1.3

-13.4 BT Group Plc Vodafone Group Plc -1.8

Rostelecom PJSC -22.5 Rostelecom PJSC -7.0

-181.0 128.3 437.6 746.9 1,056.1 -10.2 -3.9 2.3 8.6 14.8

Copyright © 2021 FTSE Russell 6 www.ftserussell.com Magyar Telekom Telecommunications Plc (MAVD:LN) Telecommunications/Telecommunication Services Price: 6.00 USD Report Date: September 24, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

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