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Annual Report 2007

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Connected life and work. The 2007 fi nancial year. Selected fi nancial data of II the Deutsche Telekom Group. billions of € Change compared to prior year (%) a 2007 2006 2005 2004 2003 Revenue and earnings Net revenue 1.9 62.5 61.3 59.6 57.3 55.6 Of which: domestic (%) (3.8) 49.1 52.9 57.4 60.6 61.8 Of which: international (%) 3.8 50.9 47.1 42.6 39.4 38.2 Profit from operations (EBIT) (0.0) 5.3 5.3 7.6 6.3 8.3 Net profit (82.0) 0.6 3.2 5.6 1.6 2.1 Net profit (adjusted for special factors) (22.0) 3.0 3.9 4.7 3.7 2.4 EBITDA a, b, c 3.5 16.9 16.3 20.1 19.4 18.6 EBITDA (adjusted for special factors) a, b, c (0.6) 19.3 19.4 20.7 19.6 18.5 EBITDA margin (adjusted for special factors) (%) a (0.8) 30.9 31.7 34.8 34.2 33.3 Balance sheet Total assets (7.3) 120.7 130.2 128.5 125.5 136.2 Shareholders’ equity (8.9) 45.2 49.7 48.6 45.5 43.5 Equity ratio (%) a, d (1.1) 34.7 35.8 35.5 34.2 31.9 Financial liabilities (in accordance with consolidated balance sheet) (7.7) 42.9 46.5 46.7 51.1 64.1 Net debt a, c (5.9) 37.2 39.6 38.6 39.9 51.1 Additions to intangible assets (including goodwill) and property, plant and equipment (32.3) 9.1 13.4 11.1 6.6 7.6 Cash flows Net cash from operating activities e (3.6) 13.7 14.2 15.1 16.7 15.0 Cash outflows for investments in intangible assets (excluding goodwill) and property, plant and equipment (in accordance with cash flow statement) 32.1 (8.0) (11.8) (9.3) (6.4) (6.4) Proceeds from disposal of intangible assets (excluding goodwill) and property, plant and equipment (in accordance with cash flow statement) 34.2 0.8 0.6 0.4 0.6 1.0 Free cash flow (before dividend payments) a, c, f, g n.a. 6.6 3.0 6.2 10.9 9.7 Free cash flow as a percentage of revenue a 5.6 10.5 4.9 10.3 18.9 17.5 Net cash used in investing activities e 43.7 (8.1) (14.3) (10.1) (4.5) (2.2) Net cash used in financing activities n.a. (6.1) (2.1) (8.0) (12.9) (5.8) Employees Average number of employees (full-time equivalents without trainees/student interns) (thousands) (1.9) 244 248 244 248 251 Revenue per employee (thousands of €) a 3.9 256.5 246.9 244.3 231.7 221.3 T-Share - key figures Earnings per share/ADS (basic and diluted) in accordance with IFRS (€) h (82.4) 0.13 0.74 1.31 0.39 0.50 Weighted average number of ordinary shares outstanding (basic) (millions) h, i (0.3) 4,339 4,353 4,335 4,323 4,302 Weighted average number of ordinary shares outstanding (diluted) (millions) h, i (0.3) 4,340 4,354 4,338 4,328 4,307 Dividend per share/ADS (€) 8.3 0.78 j 0.72 0.72 0.62 0.00 Dividend yield (%) k (0.0) 5.2 5.2 5.1 3.7 – Total dividend (billions of €) 8.4 3.4 j 3.1 3.0 2.6 – Number of ordinary shares carrying dividend rights (millions) l 0.0 4,340 m 4,339 4,174 4,171 4,167 Total number of ordinary shares at the reporting date (millions) n 0.0 4,361 4,361 4,198 4,198 4,198 a Calculated on the basis of millions for the purpose of greater precision. Changes to percentages the acquisition of licenses totaling EUR 3.3 billion; and figures for 2005 include payments for the expressed as percentage points. acquisition of network infrastructure and licenses in the United States totaling EUR 2.1 billion. b Deutsche Telekom defines EBITDA as profit/loss from operations before depreciation, amortization g Since the beginning of the 2007 financial year, Deutsche Telekom has defined free cash flow and impairment losses. as cash generated from operations less interest paid and net cash outflows for investments in c EBITDA, EBITDA adjusted for special factors, net debt, and free cash flow are non-GAAP figures intangible assets (excluding goodwill) and property, plant and equipment. Prior-year figures have not governed by the International Financial Reporting Standards (IFRS). They should not be been adjusted accordingly. viewed in isolation as an alternative to profit or loss from operations, net profit or loss, net cash h Calculation of basic and diluted earnings per share in accordance with IFRS as specified in from operating activities, the net debt reported in the consolidated balance sheet, or other IAS 33, “Earnings per share.” The share to ADS ratio is 1:1. Deutsche Telekom key performance indicators presented in accordance with IFRS. For detailed i Less treasury shares held by Deutsche Telekom AG. information and calculations, please refer to the section on “Development of business in the j Subject to approval by the shareholders’ meeting. For more detailed explanations, please refer Group” of the Group management report in this Annual Report. to Note 13 in the notes to the consolidated financial statements, “Dividend per share.” d Based on shareholders’ equity excluding amounts earmarked for dividend payments, which are k (Proposed) dividend per share divided by the Xetra closing price of the T-Share at the reporting treated as current liabilities. date or on the last trading day of the respective financial year. e Current finance lease receivables were previously reported in net cash from operating activities. l Less treasury shares held by Deutsche Telekom AG and those shares that, as part of the issue Since the 2007 financial year, they have been reported under net cash from/used in investing of new shares in the course of the acquisition of T-Mobile USA/Powertel, are held in trust for later activities. Prior-year figures have been adjusted accordingly. issue and later trading as registered shares and/or American depositary shares (ADSs). f Before cash outflows totaling EUR 0.1 billion in 2007 for investments in parts of Centrica PLC m Balance at the reporting date. taken over by T-Systems UK as part of an asset deal. Figures for 2006 include payments for n Including treasury shares held by Deutsche Telekom AG. Operating segments of the Deutsche Telekom Group. Mobile Communications Europe Broadband/Fixed Network. and Mobile Communications USA.a In the fiercely competitive domestic market, T-Home maintains its leading position in terms of broadband DSL lines, but lost fixed-network lines As one of the world’s leading mobile providers, T-Mobile sets innovative once again as a result of the regulatory environment. T-Home increased trends in the domestic market with its new products, thus strengthening the the percentage of new customers who opted for a broadband line in the Company’s international position. T-Mobile boosted its overall customer domestic market to around 44 percent. The number of DSL lines, including base to 119.6 million in 2007. Mobile Internet services with innovative voice resale, in Germany totaled 12.5 million by the end of the year. The positive and data solutions, first community offerings, and new, exclusive hardware response to our complete packages contributed significantly to this success. solutions marketed with fixed-term contracts contributed to T-Mobile’s T-Home also successfully launched Internet TV services in the form of success in Germany. With 3.7 million new customers, business in the United its Entertain packages. This was supported by the successful roll-out of our States remained the chief growth driver internationally. The acquisition of VDSL network and high-caliber customer service. In addition, business Orange in the Netherlands also contributed to continued growth. in Eastern Europe was pushed by growth on the broadband market. billions of € Change compared billions of € Change compared to prior year (%) b 2007 2006 to prior year (%) b 2007 2006 g Total revenue (7.4) 22.7 24.5 Mobile Communications Europe EBIT (profit from operations) (3.2) 3.3 3.4 Total revenue 12.2 20.7 18.5 Depreciation, amortization and impairment losses 4.3 (3.7) (3.8) EBIT (profit from operations) (11.3) 2.4 2.7 EBITDA c, d (3.8) 6.9 7.2 Depreciation, amortization and impairment losses (26.0) (4.2) (3.4) Special factors affecting EBITDA d (0.8) (1.6) EBITDA c, d 9.2 6.7 6.1 EBITDA (adjusted for special factors) c, d (11.2) 7.8 8.7 Special factors affecting EBITDA d (0.1) (0.0) EBITDA margin b, c, d EBITDA (adjusted for special factors) c, d 10.9 6.8 6.2 (adjusted for special factors) (%) (1.5) 34.2 35.7 e EBITDA margin Cash capex 13.7 (2.8) (3.3) (adjusted for special factors) (%) b, c, d (0.4) 32.9 33.3 Average number of employees (full-time Cash capex e 0.6 (1.9) (2.0) equivalents, without trainees/student interns) (8.7) 97,690 107,006 Average number of employees (full-time equivalents, without trainees/student interns) 21.5 30,802 25,345 Mobile Communications USA Total revenue 3.3 14.1 13.6 EBIT (profit from operations) 14.9 2.0 1.8 Depreciation, amortization and impairment losses 5.0 (1.9) (2.0) EBITDA c, d 4.3 3.9 3.7 Special factors affecting EBITDA d (0.0) (0.0) EBITDA (adjusted for special factors) c, d 4.3 3.9 3.7 EBITDA margin (adjusted for special factors) (%) b, c, d 0.3 27.8 27.5 Cash capex e 63.0 (2.0) (5.3) Average number of employees (full-time equivalents, without trainees/student interns) 10.0 31,655 28,779 Mobile Communications f Total revenue 8.4 34.7 32.0 EBIT (profit from operations) (1.1) 4.5 4.5 Depreciation, amortization and impairment losses (14.5) (6.1) (5.4) a In November 2006, the International Accounting Standards Board (IASB) issued IFRS 8 “Operating EBITDA c, d 7.3 10.6 9.9 Segments.” IFRS 8 replaces IAS 14 “Segment Reporting” and must be applied to reporting periods Special factors affecting EBITDA d (0.1) (0.0) beginning on or after January 1, 2009.
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