Eutelsat Communications Sa · EURONEXT:ETL
Eutelsat Communications Sa — Q1 2015-2016 Earnings Presentation
20 slides from Eutelsat Communications Sa's earnings presentation, Oct 28, 2015
Slide 1: First Quarter 2015-2016 Revenues
FIRST QUARTER 2015-2016 REVENUES Wednesday 28th October 2015
Slide 2: Agenda
Agenda Business highlights Q1 2015-2016 performance Outlook 2
Slide 3: Business highlights
Business highlights Q1 revenues up 8.4% and 2.0% at constant currency putting us on track to deliver full-year objectives Several contracts signed in in all geographies and applications contributing to an order book of €6.0bn Successful launch and entry into service of EUTELSAT 8 West B boosting MEN
Slide 4: Agenda
Agenda Business highlights Q1 2015-2016 performance Outlook 4
Slide 5: Q1 revenues: €388m, +2.0% at constant currency
Q1 revenues: €388m, +2.0% at constant currency1 REVENUE REVENUES3 Y-O-Y CHANGE (%) CONTRIBUTION2 (€m) AT CONSTANT ACTUAL CURRENCY 62% 229 -1.6 +0.8 Video 16% 59 -0.3 +14.9 Data 8% 30 +12.4 +13.1 VAS VAS VAS Government 14% 53 -0.7 +19.2 Services 1 + 8.4% at actual rate 2 The share of each application
Slide 6: Video: Slight decline in revenues, awaiting new capacity
Video: Slight decline in revenues, awaiting new capacity Revenues of €229m down 1.6% at constant currency1 Revenues Good performance of Eutelsat Americas, 7° (€m) East and 16° East 913 Ongoing impact of non-renewal at HOT BIRD of contracts with some service providers Q4 235 Renegotiation of Russian
Slide 7: Data: Positive dynamics in LATAM
Data: Positive dynamics in LATAM Revenues of €59m, down 0.3%1 at constant currency Revenues (€m) Positive dynamics in LATAM 227 Ramp-up of new regular capacity Q4 61 on EUTELSAT 3B Q3 58 Lower revenues at 53° East Q2 56 following the rationalization of capacity in May 2015 Q1 51 Q1 59 FY 2014-2015 F
Slide 8: VAS: Double-digit growth
VAS: Double-digit growth Revenues of €30m, up 12.4% at constant currency1 Revenues (€m) 190,000 terminals activated on KA- 102 SAT at 30 September 2015 24,000 terminals activated in past 12 28 months Q4 23 Q3 Q2 25 Positive contribution of the maritime mobility business to year-on-year 26 30 Q1 Q1
Slide 9: Government Services: Continued low visibility
Government Services: Continued low visibility Revenues Revenues of €53m down 0.7% at constant (€m) currency1 196 Early termination of a significant contract with a distributor Attendant termination fee recognized in ‘Other 55 revenues’ Q4 New contracts, notably at 172° East 49 Q3 Contract renewals
Slide 10: Backlog representing 4.1 years of revenues
Backlog representing 4.1 years of revenues Backlog of €6.0bn, slightly down on BACKLOG (€bn) end-June Backlog consumption Negative impact of the early termination of a 6.3 6.2 6.0 contract in Government Services Positive impact of new contracts signed this quarter notably at: 3° East (CANAL+
Slide 11: Fill rate
Fill rate Operational TPEs Operational TPEs1 broadly stable (Regular capacity) year-on-year Rationalization of capacity at 53° East 3 transponders returned at 56° East 1,177 1,168 1,175 Relocation of EUTELSAT 28A Fill Rate Fill 77.0% 78.7% 77.6% Slight increase year-on-year Rate Sequential
Slide 12: Agenda
Agenda Business highlights Q1 2015-2016 performance Outlook 12
Slide 13: EUTELSAT 8 West B: incremental resources at leading video neighbourhood
EUTELSAT 8 West B: incremental resources at leading video neighbourhood Eutelsat 8 West B: 7/8° WEST: leading video incremental resources Neighbourhood in MENA Launched on 20 August, Strong partnership with Nilesat operational early October Audience of 52 M TV Homes, Capacity: 42 Ku-band and 20-C x2
Slide 14: EUTELSAT 115 West B: extended coverage of the Americas
EUTELSAT 115 West B: extended coverage of the Americas Launched in March 2015 Entry into First all-electric satellite service In service in October Extended coverage of the Americas Coverage Truly Pan-American footprint Focus on Data Services: Backhaul, Applications VSAT, Social connectivity, Mobili
Slide 15: African Broadband: Two initiatives allowing timely access to the market
African Broadband: Two initiatives allowing timely access to the market and progressive ramp-up Follow-on Amos 6 Satellite Multi-year lease of Amos-6 HTS Procurement of a a new- Ka-band payload in partnership generation HTS satellite from TAS with Facebook All-electric satellite 18 HTS Ka-band s
Slide 16: Updated deployment plan
Updated deployment plan EUTELSAT EUTELSAT EUTELSAT African EUTELSAT EUTELSAT EUTELSAT 117 65 QUANTUM Broadband 36 C 9B 172 B WEST B WEST A Satelite Position 36° East 9° East 116.8° West 65° West 172° East To be defined To be defined Delivered 2019 Launch Q4 2015 Q1 2016 Q1 2016 Q1 2016 H1 2017 end-2
Slide 17: Progressive ramp-up of new capacity
Progressive ramp-up of new capacity March October EUTELSAT 115 WB August October EUTELSAT 8 WB 1-2m EUTELSAT 36C Q4 1-2m EUTELSAT 9 B Q1 7-9m EUTELSAT 117 WB Q1 1-2m EUTELSAT 65 WA Q1 All the dates indicated are on a calendar year c. 4m EUTELSAT 172B basis H1 FY 2014-15 FY 2015-16 FY 2016-17 2015 20
Slide 18: Financial outlook
Financial outlook Revenues Growth of 2-3% in 2015-16 (At constant currency, excl. non recurring revenues) Growth of 4-6% in 2016-17 EBITDA EBITDA margin above 76.5% to June 2017 Average of €500m per year to June 2018 Capex Including cash outflows related to ECA loan repayments and capital lease paym
Slide 19: Questions & Answers
Questions & Answers 20
Slide 20: Disclaimer
Disclaimer This presentation does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offer to buy any securities of Eutelsat Communications, nor should it, or any part of it, form the basis of or be relied on in connection with any contract or
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