Eutelsat Communications Sa · EURONEXT:ETL
Eutelsat Communications Sa — Q3 2013-14 Earnings Presentation
18 slides from Eutelsat Communications Sa's earnings presentation, May 15, 2014
Slide 1: Third Quarter and Nine-Month 2013-2014 Revenues
Eutelsat Communications Third Quarter and Nine-Month 2013-2014 Revenues May 15, 2014 1
Slide 2: Agenda
Agenda Highlights Operational performance Outlook -2-
Slide 3: Highlights
Highlights Satmex: closing of the acquisition and integration on track 9-month revenue growth of 2.5%, in line with full-year financial outlook Q3 revenues up 1.5% at constant currency and excluding non-recurring revenues Successful launch of RSCC Express AT1 and AT2; entry into service of Express A
Slide 4: Agenda: Operational performance
Agenda Highlights Operational performance Outlook -4-
Slide 5: Q3 Revenue at €342 M: up 1.5%, 6% Including Satmex
Q3 Revenue at €342 M: up 1.5%*, 6% Including Satmex At constant Reported currency and Revenues (year-on-year) excl. Satmex (year-on-year) VIDEO 65.7% €220 M +1.5% -1.2% DATA & VALUE- ADDED SERVICES 22.3% €75 M +22.7% -1.1% MULTI-USAGE 12.0% €40 M +13.7% +7.5% Expressed as percentage of turnover as o
Slide 6: Video: Ongoing Capacity constraints in Q3
Video: Ongoing Capacity constraints in Q3 Revenues from Video (€M) Higher revenue at key Video neighbourhoods serving fast-growing markets (36° East and 220 7°/8° West) 7 Suspension of operations on disputed frequencies at 28.5° East on 4 October 2013 5,208 channels, up 7% excluding Satmex 211 216 2
Slide 7: Data Services: Continuing tough operating environment, Positive Momentum for Satmex
Data Services: Continuing tough operating environment, Positive Momentum for Satmex Revenues for Data (€M) Continuing tough competitive environment for point-to-point 54 services 13 14 15 Reclassification of certain contracts to other applications to reflect the final usage of the capacity 45 47 39
Slide 8: Value-Added Services: Strong Growth
Value-Added Services: Strong Growth Revenues for Value-Added Services (€M) 140,000 KA-SAT terminals activated at end-March 2014 (124,000 at end-December 2013) Both consumer and professional 13 14 services performing well 21 Mobile connectivity services for maritime markets contributed to year-on-yea
Slide 9: Multi-usage: Reflecting Outcome of Prior Year Contract Renewals
Multi-usage: Reflecting Outcome of Prior Year Contract Renewals, New Contracts and Reclassifications Positive effects of …. Revenues from Multi-usage (€M) • New contracts • Reclassification from Data Services 40 revenues in Multi-usage line 4 … offset by • The Q3 2012-13 renewals • The Q1 2013-14 re
Slide 10: Fill Rate
Fill Rate Operational transponders1 (in txp) Improvement of fill-rate in Q3 reflecting mainly the integration of Satmex Fill rate remains above 80% excluding KA-SAT 862 855 977 High fill rate at key video Neighbourhoods Fill rate2 73.2% 74.8% 77.0% 31 March 31 December 31 March 2013 2013 2014 1 Incl
Slide 11: Order Backlog Lends Strong Visibility
Order Backlog Lends Strong Visibility Backlog (€bn) +8.3% 5.8 Standalone backlog up 1.3% 0.4 from December 2013 5.5 5.3 +1.3% 5.4 Satmex backlog up 9.7% Video remains the largest component of the backlog Video 92% 94% 87% 31 March 31 December 31 March Backlog represents 4.2 years of 2013 2013 2014 r
Slide 12: Agenda: Outlook
Agenda Highlights Operational performance Outlook -12-
Slide 13: Integration of Satmex on track
Integration of Satmex on track Closing of the acquisition on 1 January Adoption of the Eutelsat brand by Satmex which was renamed Eutelsat Americas Q3 Financial performance of Satmex in line with expectations • Satmex well on track to achieve its target of ~ 70M$ contribution to revenues Satmex bond
Slide 14: Latin American Market Confirming its High Potential
Latin American Market Confirming its High Potential Backlog of Satmex continues to grow: + 82 % over 12 months Backlog ($bn) 0.46 0.42 0.28 0.25 0.24 March 2013 June 2013 Sept. 2013 Dec. 2013 March 2014 Ka-band capacity serving Brazil on Eutelsat 65 West A presold to Hughes Network Systems do Brasil
Slide 15: Fleet Plan: Capacity Focused on Areas of Highest Growth
Fleet Plan: Capacity Focused on Areas of Highest Growth 2014 2015 2016 Express- Express- EUTELSAT SATMEX 7 EUTELSAT EUTELSAT EUTELSAT SATMEX 9 EUTELSAT AT1 AT2 3B2 9B 8 West B 36C 65 West A (March 2014) (March 2014) (26 May 2014) (Q1 2015) (Q1 2015) (Q3 2015) (Q4 2015) (Q4 2015) (Q2 2016) 3° East 36
Slide 16: Outlook Confirmed
Outlook Confirmed Outlook for the current year confirmed • Revenues Above 2.5% revenue growth on a standalone basis, at constant currency and excluding non-recurring revenues Satmex will add around US$70 M for FY 2013-2014 • EBITDA EBITDA margin at around 77%, on a standalone basis EBITDA ma
Slide 17: Questions & Answers
Questions & Answers (> eutelsat COMMUNICATIONS -17-
Slide 18: Appendix
Appendix 3rd quarter ended Change (in %) 9 months ended Change (in %) March 31 March 31 2013 2014 reported excluding 2013 2014 reported excluding Satmex and Satmex and at constant at constant currency currency Video Applications 216.4 219.7 +1.5% - 1.2% 647.1 650.2 +0.5% - 0.1% Data & Value-Added Se
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