Presentation - T-Hrvatski Telekom

T-Com Business Segment Jan – Dec 2007Key Highlights T-Com• Fixed telephony declining, partly offset by growth in Wholesale services (CPS, ULL)and Internet services• Strong growth of 37.7% in Internet services driven by IP/DSL services• Data services increased by modest 1.0% as traditional services are replaced by lower cost IPbased solutionsKey financials (HRK million)Jan - Dec2006Jan - Dec2007HRK million%ChangeRevenues (1) (3) 5,466 5,446 -0.4%EBITDA 2,369 2,164 -8.7%EBITDA margin 43.3% 39.7% -3.6 p.p.EBITDA (2) 2,388 2,259 -5.4%EBITDA (2) margin 43.7% 41.5% -2.2 p.p.Capex 901 875 -2.9%Capex / Revenue 16.5% 16.1% -0.4 p.p.Headcount (at 31 Dec) 6,446 5,650 -12.3%Revenues by business service 3) (HRK million)151209Fixed-0.4%5,466 5,446494 6801,0523,5601,1673,221Jan - Dec 2006 Jan - Dec 2007WholesaleInternetData167211Miscellaneous(¹) Excluding Other income(2) Before exceptional items(3) Unconsolidated figuresFor personal use only and not for distribution or copyingPage 6