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Annual Report 2020 This Version of the Annual Report Is a Translation from the Original Which Was Prepared in the Czech Language

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Annual Report 2020 This Version of the Annual Report Is a Translation from the Original Which Was Prepared in the Czech Language Annual Report 2020 This version of the Annual Report is a translation from the original which was prepared in the Czech language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the Czech version of the Annual Report takes precedence over this translation. This version of the Annual fi nancial report is non-ESEF compliant and constitutes non-offi cial version of the offi cial Annual Report published in accordance with ESEF regulation in XHTML. All possible care has been taken to ensure that this version is an accurate representation of the original, except for the machine-readable XBRL tags that are embedded only in the offi cial XHTML version. However, in all matters of interpretation of information, views or opinions, the offi cial version of the Annual fi nancial report takes precedence over this version. Statutory Annual Report in line with ESEF regulation can be accessed at: https://www.o2.cz/fi le_conver/680661/_3157004ICDH3MRKW7534_2020_12_31.zip 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original 2 Note: O2 Czech Republic a.s., further below also as “O2 CZ” or “Company”. O2 Slovakia, s.r.o., further below also as “O2 Slovakia”. O2 Czech Republic Group (“the Group”) includes the Company and its subsidiaries. 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original 3 Content 1. Financial and operating highlights 5 2. Basic information 8 3. Overview of events and results in 2020 14 4. Corporate governance 26 5. Financial part 41 Consolidated fi nancial statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards as adopted by the European Union 42 Financial statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards as adopted by the European Union 124 6. Declaration of persons responsible for the Annual Report 195 7. Independent auditor’s report to the shareholders 197 Appendix: Report on relations between the controlling person and the controlled person, and between the controlled person and persons controlled by the same controlling person for the accounting period of 2020 210 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original 4 Financial and operating highlights 01 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original Financial and operating highlights Financial data is based on the Consolidated Financial Statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards as adopted by the European Union. 2020 2019 Financials (in CZKm) Revenues1 39,771 38,760 EBITDA 13,321 12,619 Operating profi t 7,920 7,241 Profi t before taxes 7,430 6,885 Profi t for the period 5,846 5,460 Total assets 40,401 42,680 Property, plant and equipment 6,176 6,171 Intangible assets 17,520 15,457 Total equity 13,786 14,177 Financial debts (long-term and short-term)2 13,159 14,596 Capital expenditure (fi xed assets additions)3 5,971 2,432 Retained earnings – consolidated 5,626 4,882 – unconsolidated 7,546 7,029 Operating indicators (as at year-end) Fixed voice lines (in thousand) 403 462 Fixed broadband (in thousand)4 855 835 5 Pay TV – O2 TV (in thousand) 529 443 Mobile SIM cards in the Czech Republic (in thousand)6 5,968 5,858 Active mobile SIM cards in Slovakia (in thousand)7 2,230 2,149 Number of employees in the Group 4,993 5,116 Ratios EBITDA margin (EBITDA/Revenues, in %) 33.5 32.6 Profi t after taxes / Revenues (in %) 14.7 14.1 Capital expenditure / Revenues (in %) 15.0 6.3 Gross gearing (Financial debts / Total equity, in %) 95.5 103.0 Net debt (Financial debt less Cash and cash equivalents) / EBITDA 0.69 0.68 Profi t8 per share – consolidated 19.5 18.1 – unconsolidated 19.2 17.8 1 Excluding revenues from non-telecommunications services. 2 Excluding lease liabilities. 3 2020: including investments in spectrum licences and in the extension of the exclusive right to use the O2 brand. 4 Fixed (xDSL, fi bre), wireless (4G LTE, WTTx). 5 IPTV & OTT, Prepaid (O2 TV Sport Pack online and O2 TV HBO and Sport Pack tariffs). 6 Mobile customers who have generated revenue in the past 13 months. 7 Mobile customers who have generated revenue in the past 3 months. Mobile customers and wireless broadband customers. 8 Profi t attributable to equity holders of the Company divided by weighted average of shares outstanding. 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original 6 Macroeconomic indicators9 CZK/EUR exchange rate – average 26.44 25.67 CZK/EUR exchange rate – at end of period 26.25 25.41 9 Source: Czech National Bank website page (FX rates of other currencies). 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original 7 Basic information 02 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original Basic information Company information Business name: O2 Czech Republic a.s. Registered seat: Praha 4-Michle, Za Brumlovkou 266/2, Postal Code 140 22, Czech Republic Company ID no.: 60193336 VAT registration no.: CZ60193336 LEI (Legal Entity Identifi er): 3157004ICDH3MRKW7534 Date of incorporation: 16 December 1993 Legally existing from: 1 January 1994 Legal form: joint-stock company Commercial court: Municipal Court in Prague Commercial court record number: Section B, File 2322 Institutional investors and shareholders please contact: Tel.: +420 271 462 076, +420 271 462 169 E-mail: [email protected] Web: https://www.o2.cz/spolecnost/en/investor-relati- ons/ O2 Czech Republic concern • eKasa s.r.o. • O2 Financial Services s.r.o. and the Group organisation structure With a registered seat in Slovakia2 • O2 Slovakia, s.r.o. The Company is the parent company of a number • O2 Business Services, a. s.3 of companies which it owns directly or through other members of the O2 Czech Republic concern. Details of those companies, including the list Major subsidiaries, in which it directly holds 100% of associates and joint ventures, as well as any of the shares and with which it forms a concern changes which occurred in 2020, given in Note 26 within the meaning of Section 79 et seq. of the Subsidiaries, associates and join ventures to the Business Corporations Act (O2 CZ is here in the Consolidated Financial Statements. position of the dominant person), include the following companies: The Group consists of O2 Czech Republic a.s., the above-mentioned major subsidiaries, Emeldi Tech- With a registered seat in the Czech Republic1 nologies s.r.o. and subsidiaries owned by another • O2 Family, s.r.o. member of the O2 Czech Republic concern, speci- • O2 TV s.r.o. fi cally: mluvii.com s.r.o., Smart home security s.r.o. • O2 IT Services s.r.o. a INTENS Corporation s.r.o. • Bolt Start Up Development a.s. 1 The seat of all companies is Praha 4, Michle, Za Brumlovkou 266/2, Postal Code 140 22. 2 The seat of both companies is Bratislava, Einsteinova 24, Postal Code 851 01. 3 Owned through the subsidiary O2 Slovakia, s.r.o. 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original 9 Employees Total headcount in FTE of the Group by market as at 31 December 2020: O2 Czech Republic 3,922 O2 Family 83 O2 TV 14 O2 IT Services 179 Other companies4 60 EMPLOYEES IN THE CZECH REPUBLIC 4,258 O2 Slovakia 695 O2 Business Services 40 EMPLOYEES IN SLOVAKIA 735 GROUP EMPLOYEES TOTAL 4,993 Rating As at 31 December 2020, O2 CZ or any member of the Group did not have a corporate rating. Auditor fees Total remuneration collected by the audit form KPMG Česká republika Audit, s.r.o. and its related entities broken down by type of service in 2020: For O2 CZ For the Group (in CZKths) (in CZKths) KPMG Česká republika Audit, s.r.o. Statutory audit 6,975 8,400 Other audit services 870 1,090 KPMG Slovensko spol. s r.o. Statutory audit 0 1,270 Other companies in the KPMG network Other services 0 264 TOTAL 7,845 11,024 In addition to the annual statutory audit, the system, audit of interim and annual fi nancial data, auditor and parties related to the auditor provided assistance with the preparation of a tax return for the following services to the Group during 2020: a subsidiary. agreed upon procedures in the area of payment 4 eKasa, O2 Financial Services, INTENS Corporation, mluvii.com, Emeldi Technologies. 2020 Annual Report | O2 Czech Republic a.s. | Translation from the Czech original 10 Alternative performance measures The Annual Report lists some alternative per- represent supplementary information in respect formance measures which are not reported as of fi nancial data, providing report users with standard in the consolidated fi nancial statements additional information for their assessment of prepared in accordance with International Finan- the fi nancial position and performance of the cial Reporting Standards (IFRS) as adopted by EU. Group in accordance with the ESMA Guidelines O2 CZ provides more detailed information on on Alternative Performance Measures. these alternative performance measures, which Measure Defi nition Purpose Reconciliation to fi nancial statements (in CZKm) Adjusted Operating Shows operating see the Consolidated statement EBITDA profi t increased performance of total comprehensive income (“EBITDA”) by depreciation of the company (Operating profi t, Depreciation and and amortisation, Amortisation, Impairment loss): amortization of 2019: 7,241 + 26 + 555 + 4,797 = right-of-use
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