TDC : Interim Financial Report January-September 2016

Highlights

 EBITDA decline of 11.6% YoY driven by the development in Denmark (-13.1% YoY)

 Strong EBITDA growth in Norway (10.8% YoY) adjusted for a large one-off in Q3 2015

 YTD EFCF down by 728m or 30.4% driven by EBITDA decline of 760m

 Organic gross profit from mobility services up by 2.9% YoY; retail mobile voice subscribers up

     by 6k vs. Q2, and B2C mobile voice ARPU at 2015 level despite decrease in roaming

     revenues

 Opex in Denmark increased 6.9% YoY due to different phasing with a low comparable in Q3

     2015; YTD Group opex up by 1.6% due to strategic investments (TDC and YouSee brand

     merger and B2B simplification) and increased staff at call centres

 Loss of 9k broadband customers vs. Q2 in Consumer and Business due to pressure from

    competing infrastructure

 Following the brand merger of TDC and YouSee and related IT migrations in Q2 2016,

    support calls have increased leading to more negative customer experiences; however

     recommend score was up 1 index point YoY

 Spectrum acquired in the 1800 MHz auction at a lower cost than expected, ensuring continued

    ability to provide 'Denmark's best mobile network'

 Launch of Get mobile, providing full-scale B2C solutions in Norway

 Divestment of TDC Sweden to Tele2 completed for DKK 2.3bn on a cash and debt free basis

         TDC A/S
         Teglholmsgade 1
         0900 København C
         tdc.dk

Vedhæftede filer:

TDC Fact Sheet 2016Q3.xlsx

TDC Q3 CC.pdf

TDC_ER_Q3_2016 v10a (final).pdf