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Deutsche Telekom AG - Interim Group report - January 1 to September 30, 2015

22 Interim Group management report Deutsche Telekom. Interim Group Report 9M 2015. DEVELOPMENT OF OPERATIONS millions of € Q1 2015 Q2 2015 Q3 2015 Q3 2014 Change % Q1–Q3 2015 Q1–Q3 2014 Change % FY 2014 TOTAL REVENUE 6,905 7,443 7,059 5,554 27.1 % 21,407 15,898 34.7 % 22,408 Profit from operations (EBIT) 273 728 537 123 n. a. 1,538 984 56.3 % 1,405 EBIT margin % 4.0 9.8 7.6 2.2 7.2 6.2 6.3 Depreciation, amortization and impairment losses (838) (853) (931) (746) (24.8) % (2,622) (2,091) (25.4) % (2,839) EBITDA 1,111 1,581 1,468 869 68.9 % 4,160 3,075 35.3 % 4,244 Special factors affecting EBITDA (114) (71) (234) (145) (61.4) % (419) 134 n. a. (52) EBITDA (ADJUSTED FOR SPECIAL FACTORS) 1,225 1,652 1,702 1,014 67.9 % 4,579 2,941 55.7 % 4,296 EBITDA margin (adjusted for special factors) % 17.7 22.1 24.1 18.3 21.4 18.5 19.2 CASH CAPEX (2,729) (1,230) (1,103) (870) (26.8) % (5,062) (3,957) (27.9) % (5,072) Total revenue Total revenue for our United States operating segment of EUR 21.4 billion in the first nine months of 2015 increased by 34.7 percent compared to EUR 15.9 billion in the first nine months of 2014 mainly due to fluctuations in the currency exchange rate. In U.S. dollars, T-Mobile US’ total revenues increased by 10.7 percent in the first nine months of 2015 due primarily to service revenue growth resulting from increases in the customer base from the continued success of T-Mobile US’ Un-carrier initiatives and strong customer response to promotional activities targeting families. In addition, equipment revenues increased driven by growth in the number of devices sold from higher branded gross customer additions and higher device upgrade volumes. The increase was partially offset by a reduction of total revenues from the non-cash net revenue deferral for T-Mobile US’ Data Stash program, giving customers the option to roll their unused high-speed data automatically each month into a personal Data Stash. Additionally, while equipment revenues increased, customers leasing higher-end devices as a result of JUMP! On Demand contributed to lower average revenue per device sold. EBITDA, adjusted EBITDA, adjusted EBITDA margin Adjusted EBITDA increased by 55.7 percent to EUR 4.6 billion compared to EUR 2.9 billion in the first nine months of 2014. In U.S. dollars, adjusted EBITDA increased by 27.6 percent in the first nine months of 2015. Adjusted EBITDA was positively impacted by increased branded postpaid and prepay service revenues resulting from the continued success of Un-carrier initiativesandstrongcustomerresponsetopromotionalactivities.Additionally, synergies realized from the decommissioning of the MetroPCS CDMA network contributed to the increase during the first nine months of 2015. These effects were partially offset by higher employee-related costs, an increased loss on equipment sales, higher promotional costs, and a reduction of revenues from the impact of Data Stash. Adjusted EBITDA in the first nine months of 2015 excludes EUR 0.4 billion special factors primarily relating to the decommissioning of the MetroPCS CDMA network and stock-based compensation costs. The adjusted EBITDA margin increased year-on-year due to the factors described above. EBIT EBIT increased by 56.3 percent to EUR 1.5 billion compared to EUR 1.0 billion in the first nine months of 2014. This was driven by higher adjusted EBITDA partially offset by higher depreciation expense and the recognition of costs associated with the decommissioning of the MetroPCS CDMA network. The build-out of the T-Mobile US 4G/LTE network and the launch of the JUMP! On Demand program resulted in increased depreciation for the first nine months of 2015. These increases were partially offset by accelerated depreciation in 2014 related to our modernization of the network. Cash capex Cash capex increased to EUR 5.1 billion in the first nine months of 2015 compared to EUR 4.0 billion in the first nine months of 2014 due primarily to the build-out of the 4G/LTE network. Additionally, in the first nine months of 2015, T-Mobile US purchased AWS and 700 MHz A-Block spectrum licenses totaling EUR 2.2 billion, of which the majority was related to the AWS spectrum licenses acquired through the U.S. FCC auction in January 2015. TOTAL REVENUE 6,9057,4437,0595,55427.1 % 21,40715,89834.7 % 22,408 Profit from operations (EBIT) 273728537123 n. a. 1,53898456.3 % 1,405 EBIT margin % 4.09.87.62.27.26.26.3 EBITDA 1,1111,5811,46886968.9 % 4,1603,07535.3 % 4,244 EBITDA (ADJUSTED FOR SPECIAL FACTORS) 1,2251,6521,7021,01467.9 % 4,5792,94155.7 % 4,296 (adjusted for special factors) % 17.722.124.118.321.418.519.2

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