Deutsche Telekom (DTE) investor relations material

Opening remarks and agenda

• AGM opened with a welcome to shareholders, press, and guests, emphasizing inclusivity and transparency.

• Full attendance of the supervisory and management boards, with one exception due to personal reasons.

• Meeting logistics, venue details, and procedures for participation and voting were outlined.

• Agenda and management's proposed resolutions were published in advance and made available to attendees.

• No motions to amend the agenda were received; the meeting was broadcast live and recorded.

Financial performance review

• 2025 marked another record year: revenue up 4.2% to over EUR 119 billion, earnings up 4.7% to EUR 44.2 billion, free cash flow up 2% to EUR 19.5 billion, and EPS up 5.2% to EUR 2.

• Growth achieved for 48 consecutive quarters, with strong performance in both Germany and the U.S.

• T-Systems segment grew 14.4%, and the group maintained industry leadership.

• Forecast for 2026: earnings up 6% to EUR 47.4 billion, free cash flow up 3% to EUR 19.8 billion, and EPS up 10% to EUR 2.20.

Board and executive committee updates

• CEO Timotheus Höttges reappointed until end of 2028; several board changes including departures and new appointments.

• Dr. Mudesir resigned from the board; Dr. Illek assumed interim responsibility for product and technology.

• Supervisory Board saw new members elected and others departing, with a focus on technology and international expertise.