Telenet NV : Full Year 2012 Results

                     Telenet NV : Full Year 2012 Results

Mechelen, February  11, 2013  - Telenet  Group Holding  NV ("Telenet"  or  the 
"Company") (Euronext  Brussels:  TNET) announces  its  unaudited  consolidated 
results under International  Financial Reporting Standards  as adopted by  the 
European Union ("EU IFRS") for the year ended December 31, 2012.


  oRevenue of €1,488.8 million, up 8% yoy, driven by continued RGU growth in
    fixed and a growing contribution from our mobile business. Revenue of
    €394.5 million in Q4 2012 (+9% yoy) was positively impacted by a
    nonrecurring €4.7 million revenue adjustment following the implementation
    of billing system improvements;
  oRecord 180,700 net mobile postpaid subscribers added in Q4 2012 thanks to
    a continued strong uptake of our "King" and "Kong" rate plans. Our mobile
    subscriber base more than doubled over the past twelve months to 521,600
    active mobile subscribers at the end of 2012;
  oContinued traction for our premium fixed products and bundles in Q4 2012
    with 24,500 net new subscribers for broadband internet, 19,900 for fixed
    telephony and 36,900 for digital TV;
  oNet loss of 11,300 basic cable TV subscribers in Q4 2012 represented
    lowest net loss rate in three years' time;
  oAdjusted EBITDA^(1) up 8% yoy to €777.8 million, margin of 52.2%. Adjusted
    EBITDA of €188.6 million in Q4 2012 (+3% yoy), impacted by significantly
    higher handset subsidy costs as a result of very strong mobile sales. Our
    Adjusted EBITDA benefited from certain nonrecurring items in both the Q4
    2012 and full year periods;
  oAccrued capital expenditures^(2) of €353.2 million, equivalent to 24% of
    revenue, driven by higher success-based capital expenditures in line with
    the growth of digital TV and higher customer installations;
  oStable Free Cash Flow^(3) of €240.5 million for the full year 2012 despite
    significantly higher cash interest expenses and higher capital
    expenditures including payments for the Belgian football broadcasting
  oThe board of directors proposes a shareholder return for 2013 of €950.0
    million, consisting of a shareholder disbursement of approximately €7.90
    per share^[1], supplemented by a share buy-back of up to €50.0 million.

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[1] Equivalent to €900.0 million, based on the number of outstanding shares on
February 11, 2013 (113,810,554).

Press release


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Source: Telenet NV via Thomson Reuters ONE
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