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CETIN’s mission is to build, operate and constantly innovate the reliable, secure and fast telecommunications infrastructure.

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CETIN Networks Slovakia

CETIN Hungary

CETIN Bulgaria

CETIN Serbia

www.cetin.international

CETIN International N.V.

<h2>General info</h2>
CETIN mission is to be a leader in providing telecommunication infrastructure services across the CEE region. CETIN companies operate in Slovakia, Hungary, Bulgaria, and Serbia. Their anchor customers are telecommunications operators from e&amp; PPF Telecom Group, operating under O2 and Yettel brands.&nbsp;

CETIN rack

<h2>Key strengths</h2>
<ul>
 <li>Leading open access telecommunication infrastructure platform in the CEE region</li>
 <li>CETIN companies are well positioned to benefit from a structural increase in digitalisation and data demand</li>
 <li>Committed and growing cash flows underpinned by mobile service agreements with high quality customers</li>
 <li>Significant up-selling and growth opportunities beyond the mobile service agreements</li>
 <li>Conservative financial profile with strong margins and high revenue visibility</li>
 <li>Experienced management team supported by a committed shareholder.</li>
</ul>

Slovakia

Hungary

Bulgaria

Serbia

CETIN companies are wholesale providers of fixed and mobile telecommunications infrastructure to all telecommunications operators on equal and transparent footing.&nbsp;

PPF Group was the first to execute a voluntary separation of infrastructure from an integrated operator. The 2015 spinoff of CETIN Czechia was followed by a similar divestiture in Hungary, Bulgaria, and Serbia in 2020. These entities were consolidated under CETIN Group from since 2021. CETIN Slovakia was spun off in 2022, and isn't consolidated in CETIN Group at the moment. CETIN businesses provide their services to any telecommunications operators on a non-discriminatory basis. Being focused on infrastructure, CETIN companies are able to deploy optimal end-to-end solution for every requirement, rationalise long-term infrastructure planning, and utilise procurement scope and scale synergies.

Pioneers in structural separation

CETIN International non-audited, pro-forma key figures

Mr. &Scaron;ediv&yacute; has been the chief executive officer and Board Member of CETIN International since October 2024. Prior to this role, he has been the chief executive officer and Board Member of CETIN Group since July 2020, and also served as Chairman of the Board of CETIN Czechia since January 2019. Juraj &Scaron;ediv&yacute; has extensive international experience in the field of telecommunications, IT, and finance management. He joined Globtel, France Telecom Group&rsquo;s mobile entrant in Slovakia, as the CFO in 1996. Between 1997 and 2009, he was a member of the top management team at Česk&yacute; Telecom, including as a Vice President for finance and shared services. He held the position of Vice-chairman of the Board of Directors of Telef&oacute;nica O2 Czech Republic since 2003 and CEO of Telef&oacute;nica O2 Slovakia from 2005.&nbsp; Juraj &Scaron;ediv&yacute; obtained an engineering degree at the University in Nitra as well as taking a post-graduate course at the Comenius University in Bratislava and MBA programme at the Rochester Institute of Technology in New York.

Juraj Šedivý

“Our state-of-the-art telecommunications infrastructure solutions provide the backbone for the digitalisation of the world around us.”

CETIN infrastructure

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Disclaimer

PPF a.s., with its registered office in Prague 6, Evropsk&aacute; 2690/17, postal code 16041, Czech Republic, entered in the Commercial Register kept by the Municipal Court in Prague, Section B, Insert 4495, IČ: 25099345 (hereinafter referred to as the &ldquo;PPF Company&rdquo;), offers download on the website <a href="//www.ppf.eu">www.ppf.eu</a> (hereinafter referred to as the "website") official photos that are intended for download by PPF (such photos hereinafter referred to as "Photos").
Photographs, as well as all other material placed on any part of the website (including text, website design, graphics, all images on this website, as well as the selection and arrangement of files contained on this website) - hereinafter "content", are subject to protection pursuant to Act No. 121/2000 Coll., on Copyright, on Rights Related to Copyright and on Amendments to Certain Acts (Copyright Act), as amended (hereinafter referred to as the &ldquo;Copyright Act&rdquo;). Only PPF is entitled to exercise proprietary copyrights to the Photos and content, as well as to the website.
If you are interested in downloading and using some of the Photos, you must always accept the license agreements listed below. It is expressly stated that you acknowledge that you are not authorized to download and use any Photograph without accepting these license agreements.
License Agreement
The photo is provided for download and use under the conditions set forth in these license agreements. PPF grants you the right to download and use the Photo only if you unconditionally accept the license agreement set forth in this section. Unless otherwise agreed between you and PPF, any use of the Photograph that is not in accordance with these license agreements is prohibited.
By accepting these license agreements, you acquire a free, non-exclusive, non-transferable, territorially and time-limited license to download and view the Photos on your computer, tablet or mobile phone and print them on paper (but not to make copies). Unless otherwise stated or agreed below, you are entitled to use the Photos only for your own personal purposes.
Unless otherwise stated or agreed below, it is excluded and prohibited to copy (make copies), reproduce, modify, change, transform or otherwise interfere with the Photographs and further reproduce the Photographs concerned. Furthermore, it is forbidden to hand over, sell or otherwise provide the Photographs for use to another person (including the granting of a license or sublicense) or to make the Photographs available to another person in any way.
You further exclude and by accepting these license agreements you agree not to:
<ul>
 <li>Use the photographs in such a way that the persons depicted can give the public the impression that they support or promote political, religious, economic or other ideological movements, parties and other groups or political, religious, economic or other currents of thought (including and their display on promotional materials, including billboards);</li>
 <li>Use and edit photographs in such a way that the persons shown on them may give the public the impression that they are promoting erotic or sexual services, sexual health products or the promotion of sexual desire and libido;</li>
 <li>Use and edit the photographs so that the persons depicted on them may give the public the impression that the persons depicted on them promote drugs, alcohol (of any kind) and / or cigarettes;</li>
 <li>Use photographs for advertising purposes of any kind;</li>
 <li>Use photographs for the purpose of publication on billboards;</li>
 <li>Take photos by placing them on gift items;</li>
 <li>Use photographs as part of business communications;</li>
 <li>Use the photographs in such a way that the persons depicted on them may give the public the impression that those persons purchase, use or promote any goods or services;</li>
 <li>Use the Photographs in a manner that may give rise to reasonable doubt that such use could infringe or otherwise disparage the personal rights of the persons depicted in the Photographs.</li>
</ul>
If you have any doubts as to whether you are entitled to use the Photograph, taking into account the restriction mentioned above under the last indent, you undertake to seek the opinion of PPF before using the Photograph itself.
If you are interested in using the Photograph in a manner or to the extent beyond the scope of these license agreements, please contact PPF, specifically contact PPF at the e-mail address <a href="mailto:images@ppf.cz">images@ppf.cz</a>. In the e-mail message, state which Photo, for what purpose, to what extent, in what way and for how long you are interested in using it. With regard to the purpose, scope and manner of use of the Photograph that you specify in your application, it will be at PPF's sole discretion whether your application will be approved or rejected and you will be able to use the Photograph. In order to obtain consent to the use of the Photograph, you are obliged to provide only true and complete data in the application. If your application is approved, you will be able to download the requested Photo and use it for the purpose, manner and to the extent specified in the application. However, PPF reserves the right to set the conditions for the scope and method of use Photography.
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For the media
Notwithstanding the above license agreements, media representatives are entitled, based on the acceptance of these license agreements, to use the Photographs under a news license and in an editorial sense, ie primarily as part of an article in newspapers, magazines and newspaper and magazine websites, including for commercial purposes. In the cases described in this paragraph, you may modify the Photo only by common technical interventions that do not change the image content of the Photo, which means cropping the Photo, and common color adjustments that do not change the meaning or image meaning of the Photo. With the exception of the above, the restrictions on the use of the Photograph resulting from the license agreements also apply to media representatives and the media itself.
General provisions
In the event that you request to combine the Photograph with the author's work (literary or artistic), you are obliged to ask PPF for consent to combine the Photograph with the author's work by sending a request to the e-mail address images@ppf.cz. PPF reserves the right, prior to the actual issuance of the consent, to request from you the submission of such copyright work for approval and as a basis for the decision to issue such consent. PPF also reserves the right not to issue a consent to the merger of the Photograph and the author's work after the assessment of the author's work. PPF also reserves the right to request the submission of a graphic design of each material on which the Photograph is to be displayed.
If you wish to use the Photograph on behalf of your employer, you represent and agree that you are authorized to accept these license agreements on behalf of your employer.
Only PPF is entitled to change or supplement these license agreements. The legal relations that arose between PPF and the user of Fotografie before the change or cancellation of these license agreements are governed by the wording effective as of the date of these relations.
These license agreements are governed by the applicable laws of the Czech Republic. All disputes arising in connection with the use of the Photograph will be heard by a locally competent court in the Czech Republic in accordance with the laws of the Czech Republic.
These license agreements are valid and effective on the date of their publication. These license agreements were published on 17/6/2021.
These license agreements are also prepared in English and Czech. In the event of a conflict between the Czech and English texts of the license agreements, the Czech text of the license agreements shall apply.

Terms of use of website content

Under the Terms of Use of these websites, it is forbidden to use the photographs contained in the Annual Reports posted on the aforementioned websites for any purposes other than for exclusively personal and non-commercial use, to copy, reproduce, edit, modify, rearrange or otherwise tamper with the photographs contained in the Annual Reports, or to disseminate any such photographs treated in this way. You may display the content of the Annual Reports, including photographs, on a&nbsp;computer, tablet, or mobile telephone screen, print individual pages on paper (but not photocopy them), and store such pages in electronic form on a&nbsp;disk or on your mobile telephone (but not on any server or other networked storage device) for your personal, non-commercial use only.

Annual Reports Agreement

PPF Group is an international investment group founded in the Czech 
Republic in 1991. It has grown to manage operations in 25 countries around the world.

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	2023	2022	2021
Revenue (EUR millions)	523	429	330
EBITDA afer leases (EUR millions)	334	276	220
CAPEX (EUR millions)	184	194	114