Proximus at a Glance
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Belgian Cable Observatory
Belgian Cable Observatory PRODUCED B Y IDATE O N BEHALF O F O R A N G E BELGIUM UNDER T H E ACADEMIC CONTROL OF PROF A. DE STREEL,DIRECTOR O F C R I D S , NAMUR UNIVERSITY Agenda – What are the impacts of cable opening on Belgian broadband markets so far? Cable opening scores better than copper opening in the past Price trends and competitive environment have not changed much at this stage Investments were upheld Regulatory changes have been decided recently Conclusion: Cable opening is off to an encouraging start, but it is still too early to draw definitive conclusions NGA adoption keeps increasing at a steady pace in Belgium Market shares on the Belgian Residential NGA fixed broadband Net Residential NGA lines additions per player market In number of lines In % of subscriptions Source: BIPT Source: BIPT Cable opening shows better results than copper unbundling COPPER LOCAL LOOP UNBUNDLING HAS FAILED IN BELGIUM, AS ON THE CONTRARY, AFTER ONLY TWO YEARS OF AVAILABILITY, DEMONSTRATED BY STEADILY DECREASING WHOLESALE PRODUCTS SALES BITSTREAM CABLE ADOPTION IS RAPIDLY INCREASING Sales of fully and partially unbundled lines by Proximus, 2010-2017 • Since the opening of the cable market, Orange Belgium as its main Number of lines beneficiary has gained more than 155,000 Cable subscribers in Belgium • This represents an average quarterly increase of +39% in subscribers since Q1 2016 • As a comparison, two years after the beginning of copper local loop unbundling in Belgium, the total of fully and partially unbundled copper lines activated was -
Brexit: Macro and Sector Implications (Unless Otherwise Stated)
RBCCM Global Research June 24, 2016 All values in USD unless otherwise noted. Priced as of prior trading day’s market close, ET Brexit: macro and sector implications (unless otherwise stated). In light of the victory for the Leave constituency in the UK’s EU referendum, RBC Capital For Required Non-U.S. Markets’ Global Research Department has analyzed the potential impacts of the Leave Analyst and Conflicts victory on the breadth of its coverage universe. In this report, you will find a compilation Disclosures, please see of these views, our global strategists and analysts’ examination of the consequences of page 120. the Brexit vote for equities, fixed income, commodities and the broader economy. We hope you find this report helpful, and as always, we encourage you to reach out to our Research team for further dialogue. For Required Fixed Income & Currency Strategy Disclosures, please see page 122. Table of contents European macro and sector implications ............................................................................ 3 UK economics: Brexit update ................................................................................................... 4 Brexit and the impact on the euro area: Beware the peripherals! .......................................... 5 European Banks ........................................................................................................................ 7 UK/EU asset managers: ............................................................................................................ 8 EU/UK -
PDF-Xchange 4.0 Examples
Consolidated Management Report 2019 WorldReginfo - a7b4070a-2dde-4b98-951b-02f20e2d1b0d Management discussion and analysis of financial results 1. Introductory remarks Underlying revenue and EBITDA Since 2014, Proximus’ management impact on the year-on-year variance of the discussion has been focused on underlying Proximus Group revenue or EBITDA. In figures, i.e. after deduction of the addition, following the application of the incidentals. The underlying company accounting standard IFRS 16, the definition of figures are reported to the chief operating “underlying” was adjusted to include as of 2019 decision makers in view of resources the lease depreciation & interest. The adjusted allocation and performance assessment. revenue and EBITDA are referred to as Proximus provides in a transparent way a view “underlying” and allow for a meaningful year- of the operational drivers of the business by on-year comparison. isolating incidentals, i.e. revenues and costs that Definitions can be found in section 6 of this are unusual or not directly related to Proximus’ document. business operations, and which had a significant Consolidated Management Report 2019 p. 2 WorldReginfo - a7b4070a-2dde-4b98-951b-02f20e2d1b0d Revenues Ebitda (EUR million) 2018 2019 2018 2019 Reported 5,829 5,697 1,794 1,676 Lease depreciations nr nr -82 Lease interests nr nr -2 Incidentals -21 -11 70 278 Underlying 5,807 5,686 1,865 1,870 Total incidentals -21 -11 70 278 Capital gains on building sales -21 -7 -21 -7 Early Leave Plan and Collective Agreement 41 19 Fit For Purpose Transformation Plan 253 Shift to Digital plan* 9 M&A-related transaction costs 8 9 Change in M&A contingent consideration -4 -4 Pylon Tax provision update (re. -
Telenet Interkabel Presentatie
Keynote Presentation Duco Sickinghe, CEO At the heart of your digital lifestyle. Investor & Analyst Conference 2008 Mechelen, Belgium May 13, 2008 1 Agenda – Keynote MORNING SESSION 1. Our Company 2. Broadband internet 3. Telephony 4. Digital TV 5. Packs – bringing it all together 6. Telenet Solutions 7. Marketing, sales & care AFTERNOON SESSION 8. Our vision on mobile 9. Operational long-term projections & Strategy 2 Part 1 Our company 3 A fast evolving company We started with broadband and telephony HDTV & Hosting Telenet Mobile Launch iDTV PayTV Analogue TV BB Internet Telephony 1996 Aug 1997 Aug 2002 Dec 2003 Sep 2005 Aug 2006 Dec 2007 4 Our footprint + 1/3rd of Brussels Telenet Network Partner Network ▪ Our footprint equals Flanders region ▪ One language = characteristics of national market ▪ 2.8 million homes passed for broadband, telephony and mobile (= 55% of Belgium) ▪ 1.9 million homes passed for analog and digital television (= 38% of Belgium) 5 Our shareholders ▪ Listed on Euronext Brussels (TNET) ▪ Average daily volume: 273,608 ▪ Market cap: 1.7bn EUR 6 Strong brand image High-visibility campaigns Brand presence 7 Leading individual products Internet Telephony Television Broadband Fixed & Mobile Analog & Digital Transparent and competitive Superior and innovative Strong market position flat fee rate plans product with unique set of Speed leadership versus DSL Combined portfolio of fixed features, content and image and mobile quality 8 Care about our customers 100+ managers receive their annual incentive based on: 40% customer -
Annual Report 2019 Group All-In-One Report Including Following Documents
Annual report 2019 group All-In-One report including following documents: Consolidated 1. Annual Report 2019 (non-financial information) 2. Consolidated Management Report 2019 3. Consolidated Accounts 2019 4. Report of the Joint Auditors on the Consolidated Accounts 2019 Proximus SA 5. Management Report 2019 6. Annual Accounts 2019 7. Report of the Joint Auditors on the Annual Accounts 2019 Table of content Proximus at a glance 5 Foreword from our CEO & our Chairman 1 8 Who we are & what we do 12 Key financial highlights 16 Key achievements Creating an inclusive, safe, sustainable and prosperous digital Belgium 21 Contributing to society while creating value for our stakeholders 2 23 Enabling a better digital life 32 Caring for our stakeholders 43 Contributing to society 51 Respecting our planet Governance and compliance, safeguarding long-term value 58 Corporate governance statement 75 Regulatory framework 3 79 Risk management report 88 Remuneration report 97 Proximus share Appendix 105 Overview of non-financial information 109 Transparency 4 121 Social figures 125 Environmental figures 128 GRI content index 145 KPI definition Proximus Group I Annual report 2019 2 Proximus at a glance Sustainability Governance and Compliance Appendix Non-financial reporting approach 2019 For the Non-Financial information included in this Annual Report, we followed the indications of the Global Reporting Initiative (GRI) guide (core option). We have detailed our reporting approach in the Transparency section. Proximus answers several questionnaires on Sustainable and Responsible investments such as Sustainalytics, Vigeo Eiris, MSCI, OEKOM ISS and Dow Jones Sustainability Index. Our ambition is to keep improving our performance by comparing it with that of peers. -
February 2017 in This Issue
February 2017 In this issue: Hanesbrands Inc. Legg Mason, Inc. Liberty Global plc (Liberty Global Group) “To be a good investor, you have to be right much of the time. To be a great investor, you have to recognize how often you may be wrong.” – Jason Zweig, The Wall Street Journal, February 2015 February 1, 2017 Volume XLIII, Issue I SEARCHING FOR VALUE SINCE 1975 Page 1 UPDATE: Hanesbrands Inc. (HBI) ($23.23) Hanesbrands, the world’s largest basic apparel company, boasts a portfolio of first-rate brands that hold the #1 or #2 market share position in underwear, intimate apparel, hosiery, and activewear in 12 countries. The Company’s marquee brands include Hanes, Champion, Maidenform, Bali, Playtex, DIM, Berlei, and Bonds. A key component of HBI’s business model is the replenishment nature of its products (~85% of total revenues). Several issues have weighed on HBI shares over the past 2 years, culminating in a sharp sell-off in the stock after the Company reported poor 4Q 2016 results. HBI’s Innerwear segment (43% of sales and nearly 60% of operating profit) exhibited surprising weakness in the quarter as soft retail traffic trends were not fully offset by rapidly growing online sales. We do not believe that this recent weakness represents a secular shift in the purchasing frequency of HBI’s products, however. Rather, we believe that HBI is challenged by a temporary transition as customer purchasing migrates to online distribution channels from brick-and-mortar establishments. Online sales at HBI, which currently account for just 11% of U.S. -
CORPORATE GOVERNANCE Review
the C G Review G C C G Review Ninth Edition Editor Willem J L Calkoen Ninth Edition Ninth lawreviews CORPORATE GOVERNANCE Review Ninth Edition Reproduced with permission from Law Business Research Ltd This article was first published in April 2019 For further information please contact [email protected] Editor Willem J L Calkoen lawreviews © 2019 Law Business Research Ltd PUBLISHER Tom Barnes SENIOR BUSINESS DEVELOPMENT MANAGER Nick Barette BUSINESS DEVELOPMENT MANAGER Joel Woods SENIOR ACCOUNT MANAGERS Pere Aspinall, Jack Bagnall ACCOUNT MANAGERS Sophie Emberson, Katie Hodgetts PRODUCT MARKETING EXECUTIVE Rebecca Mogridge RESEARCH LEAD Kieran Hansen EDITORIAL COORDINATOR Tommy Lawson HEAD OF PRODUCTION Adam Myers PRODUCTION EDITOR Anne Borthwick SUBEDITOR Janina Godowska CHIEF EXECUTIVE OFFICER Paul Howarth Published in the United Kingdom by Law Business Research Ltd, London 87 Lancaster Road, London, W11 1QQ, UK © 2019 Law Business Research Ltd www.TheLawReviews.co.uk No photocopying: copyright licences do not apply. The information provided in this publication is general and may not apply in a specific situation, nor does it necessarily represent the views of authors’ firms or their clients. Legal advice should always be sought before taking any legal action based on the information provided. The publishers accept no responsibility for any acts or omissions contained herein. Although the information provided is accurate as at March 2019, be advised that this is a developing area. Enquiries concerning reproduction should -
Orange Belgium and Proximus Signed Today the Agreement to Establish Their Mobile Access Network Sharing Collaboration
Joint press release 22 November 2019 Orange Belgium and Proximus signed today the agreement to establish their mobile access network sharing collaboration Michaël Trabbia, CEO of Orange Belgium, and Sandrine Dufour, CEO ad Interim of Proximus, signed today the final agreements to establish the previously announced mobile access network sharing collaboration. Brussels – The shared mobile access network will be designed, built and operated by a new joint venture, owned 50/50 by Orange Belgium and Proximus, which will be based in Brussels. Each party confirms its respective expected benefits and investment as per complementary information for investors and analysts issued on July 11th. Michaël Trabbia, CEO of Orange Belgium: “I look forward to implement our agreement for the benefit of Belgian customers as well as society. This collaboration will enable Orange Belgium to continue to challenge the telecom market, while facilitating a faster and more extensive 5G deployment in Belgium and meeting the growing demand of our customers for mobile data. The agreement will therefore reinforce the competitive environment and maintain a strong differentiation on services and customer experience.” Sandrine Dufour CEO ad interim of Proximus: “I’m glad that we finalized the mobile access network sharing agreement between Proximus and Orange Belgium before the end of the year. This mobile access network sharing will allow us to aim for a faster and broader 5G roll out, to improve the mobile network capacity and coverage to the benefit of our customers. Proximus will continue to differentiate to offer the best mobile experience.” About Orange Belgium Orange Belgium is one of the leading telecommunication operators in Belgium and in Luxembourg through its subsidiary Orange Communications Luxembourg. -
Company Presentation Table of Contents 2
Company Presentation Table of contents 2 2 Who we are …………………………………………….…………………………………………..…………P 3 Governance……………………………………………….………………………………………..….………P 10 Markets we operate ……………….…………………………………………..…………P 15 Our strategy………………………………………….…………………………………………….…………P 20 Key figures 2020 & outlook…………………………………..………P 45 Contact information……………………………………………………..…………..……P 52 3 Who we are The Proximus investment case in a nutshell Who we are 4 Assets Customer base Strategy Sustainability Sound financial • Nationwide high-quality • Strong nation-wide market • Clear multi-year strategy • Playing a key role in position Mobile and Fixed networks positions in Consumer and set to bring the company to enabling the digital further upgraded, building Enterprise. growth: society. • Attractive 3-year dividend the best gigabit network for • Well-positioned to benefit • Sustainability and circularity commitment over the Belgium. from customer 1. Build best gigabit network for overall embedded. result of 2020-2022. • Strong brands, meeting the convergence trends. Belgium • Proximus taken a leading • Dividend yield of xx% end 2.Operate like Digital native needs of a wide range of • Open network architecture role in reducing its CO2 2020. company • Strong track record of customers. provides strong growth 3.Grow Profitability emissions. cash generation. • Highly developed, multi- potential in the Wholesale 4.Act for a green and digital • Internationally recognized channel sales network segment. society for its sustainability efforts. • Sound balance sheet allows best-in-class access • Exposure to international • Sustainable finance thanks to disciplined for customers. markets. • Fast execution leading to framework. capital allocation, with • Committed and talented significant steps forward over the ability to invest in employees. 1st year. growth and long-term business development. Proximus is a provider of digital Who we are 5 services and communication solutions operating in the Belgian and international markets. -
Proximus Group Annual Report Table of Contents
2017 Proximus Group Annual Report Table of contents Corporate introduction 4 Who we are 4 2017, an exciting year! 6 Becoming a Digital Service Provider 10 International Highlights 16 Key Financial Highlights 18 Key achievements 2017 22 Improving customer experience 24 Always Close by means of the best in Home and in Office experience 27 Always Close, by offering new innovative services for smartphone users 28 Always Close, Always on to support our customers 29 Always Close, by improving the readability of our invoices 31 Always Close, by bringing enjoyment speed to customers 31 Always Close by maintaining leadership in mobile 32 Always Close, through digital-first 34 2 Become fit 36 A simpler organization 38 Becoming more efficient 40 Grow the core 42 Our integrated and targeted offers for residential customers 44 Proximus: a gateway to an exciting world of sports, music and entertainment 45 We help business customers be ‘ready for tomorrow’ 47 Build the future 48 Optical Fiber – the network of the future 48 Paving the way for 5G 51 Meaningful innovation 52 Finding and embracing strong partnerships & ecosystems 57 Transform the way we work 60 People make this company 63 Our culture defines how we work 63 Becoming an organization with a digital DNA 64 Changing the way we work 64 A sustainable digital society 66 We are committed to a prosperous Belgium 68 Environment: a carbon neutral company 69 Education & skill building 69 Community 70 Proximus Group Annual report 2017 3 Who we are Proximus is a telecommunication & ICT company operating in Belgium and internationally, providing services to residential, enterprise and public markets. -
Proximus Become the First Telecom Company in the World to Engage Users in Climate Action Together with Doconomy
2021-02-08 17:56 CET Proximus become the first telecom company in the world to engage users in climate action together with Doconomy Doconomy has signed a partnership with Belgium’s largest telecommunications company Proximus. The new partnership makes Proximus the first telecom, as well as the first Belgian, company to team up with Doconomy. Yet another example of how responsible and bold companies stepping up their ambitions to further make the transition to a more resilient future possible. “The alliance of the willing and dedicated companies in the world, aiming to tackle the climate crisis, just made a giant leap forward! Adding telecom to the toolbox of positive change and a more resilient tomorrow is a strong signal that every business can engage and educated their users in climate action! The dedicated and innovative team at Proximus show the way and as it is great news to Doconomy with a partnership like this, it is even greater news to the planet.” Mathias Wikström, Doconomy CEO says. The Åland Index impact calculations methodology will be implemented as a part of Proxumus’ updated consumer app Myproximus. By offering an app- connected credit card the Proximus clients will be able to track and measure their carbon footprint from every transaction, bringing insights for users to act upon. “At Proximus, we have made the commitment to act for a green and digital Belgium. To have a real impact, we need to go beyond our own activities and rethink how our networks, our products and services can reduce the environmental impact of other actors in the entire chain. -
Proximus, Sa De Droit Public
PROXIMUS, SA DE DROIT PUBLIC Koning Albert II-laan 27, B-1030 Brussels incorporated with limited liability in Belgium Enterprise number 0202.239.951, Register of Legal Entities Brussels EUR 3,500,000,000 Euro Medium Term Note Programme This base prospectus (the Base Prospectus) relating to the EUR 3,500,000,000 Euro Medium Term Note Programme (the Programme) of Proximus, SA de droit public (the Issuer) is valid, for the purpose of the admission to trading and listing of the Notes (as defined below) on the regulated market of Euronext Brussels, for a period of twelve months from the date of approval, being until 31 March 2022. The obligation to supplement the Base Prospectus in the event of a significant new factor, material mistake or material inaccuracy does not apply when this Base Prospectus is no longer valid. Any Notes issued under the Programme are issued subject to the provisions set out herein. This does not affect any Notes issued prior to the date hereof. Under the Programme, the Issuer may from time to time issue notes (the Notes) in the Specified Denomination(s) specified in the applicable Final Terms as may be agreed between the Issuer and the relevant Dealer (as defined below). The Notes issued under the Programme may be Fixed Rate Notes, Floating Rate Notes, Zero Coupon Notes (each as defined herein) or a combination of any of the foregoing. The minimum Specified Denomination of Notes shall be EUR 100,000 (or its equivalent in other currencies). The maximum aggregate nominal amount of all Notes from time to time outstanding will not exceed EUR 3,500,000,000 (or its equivalent in other currencies) subject to increase as described herein.