Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET

Company Participants

Ozlem Yardim - Investor Relations & Corporate Finance Director
Ali Taha Koc - Chief Executive Officer
Kamil Kalyon - Chief Financial Officer

Conference Call Participants

Bystrova Evgeniya - Barclays
Cemal Demirtas - Ata Investment
Madhvendra Singh - HSBC

Operator

Ladies and gentlemen, thank you for standing by. I'm Constantino, your Chorus Call operator. Welcome, and thank you for joining the Turkcell's Conference Call and Live Webcast to present and discuss the Turkcell's Third Quarter 2024 Financial Results. All participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question-and-answer session. [Operator Instructions]

At this time, I would like to turn the conference over to Ms. Ozlem Yardim, Investor Relations and Corporate Finance Director. Ms. Yardim, you may now proceed.

Ozlem Yardim

Thank you, Constantino. Hello, everyone, and welcome to Turkcell's Third Quarter 2024 Earnings Call. Today, our CEO, Ali Taha Koc; and CFO Kamil Kalyon will be delivering a brief presentation covering operational and financial results which will be followed by a Q&A session.

Before we begin, I would like to kindly remind you to review our safe harbor statements available at the end of our presentation.

Now, I'm handing the meeting over to Mr. Ali Taha.

Ali Taha Koc

Thank you, Ozlem. Good afternoon, everyone and thank you for joining us today. This quarter marks my first full year at Turkcell. I honored to be a part of this journey, while hitting some major milestones along the way. In September, we completed the divestment of our Ukraine assets, creating value for our shareholders. We also opened our very first solar energy field, a big step forward in our sustainable efforts.

Recently, I was elected to the Board of GSMA. This is not only a personal honor, but also an opportunity to represent Turkcell globally and help shape the future of our industry. I remain committed to growing our businesses and leading Türkiye digital transformation with critical innovations and industry firsts that will position us for long-term success. After a quarterly pause, we are back on growth path in the third quarter.

Our top line increased by 7%, reaching TRY 40.2 billion. This growth was primarily driven by Turkcell Türkiye's strong ARPU group performance and solid subscriber additions with support from our Techfin segment. With a clear focus on profitability, our EBITDA rose 10% to TRY 17.8 billion, delivering a robust EBITDA margin of 44.2%. Our approach to acquiring high-value postpaid and fiber customers resulted in 322000 net additions. We reported a net income of TRY 14.3 billion which includes TRY three billion profit from operations, along with proceeds from the sale of our Ukraine assets.