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Turkcell's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Turkcell Iletisim Hizmetleri A.S. (TKC)

Q2 2012 Results Earnings Call

July 26, 2012 10:30 AM ET

Executives

Sureyya Ciliv – Chief Executive Officer

Murat Erden – Acting Chief Financial Officer

Koray Ozturkler – Chief Corporate Affairs Officer

Emre Sayin – Chief Consumer Business Unit Officer

Analysts

Alex Kazbegi – Renaissance Capital

Cesar Tiron – Morgan Stanley

Vera Sutedja – Erste Group

Mehmet Agyuz – YapıKredi

Presentation

Operator

Thank you for holding ladies and gentlemen. Welcome to the Second Quarter 2012 Results announcement call on the 26th of July 2012. Throughout today's presentation, all participants will be in a listen-only mode. After the presentation, there will be an opportunity to ask questions. (Operator Instructions)

I will now hand the conference over to Koray Ozturkler. Please go ahead sir.

Koray Ozturkler

Thank you, Patrice. I would like to welcome everyone to our conference call for quarter two 2012 announcement. As far as the procedure, I will go through a quick notice and then I will hand over the session to Mr. Ciliv for his presentation.

This presentation may contain statements that are forward-looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause actual results to differ materially due to the factors discussed in this presentation. Please also note that all financial data are consolidated, whereas non-financial data are unconsolidated, unless otherwise specified. Thank you.

Sureyya Ciliv

Good morning, good afternoon, and welcome to Turkcell's second quarter of 2012 results call. We are glad to report another solid quarter, with 13% revenue and 8% EBITDA growth. We recorded Group revenues of TRY2.6 billion, achieving double digit revenue growth for the third consecutive quarter, due to strong continued growth in all segments. With this outstanding quarter, the performance Turkcell generated its historic highest second quarter, actually highest quarter and healthier revenue.

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