Eutelsat Communications SA · EURONEXT:ETL
Eutelsat Communications SA — Investor Presentation (February 2023)
73 slides from Eutelsat Communications SA's investor presentation, February 2023
Slide 1: Eutelsat Communications Investor Presentation February 2023
EUTELSAT COMMUNICATIONS Investor Presentation February 2023
Slide 2: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. H1 FY 23 performance* 5. Strategy and Outlook 6. Appendix * H1 FY 23 performance is standalone 2
Slide 3: The Satellite Value Chain
THE SATELLITE VALUE CHAIN TV broadcasters, Satellite Satellite Satellite Telecoms, Consumers manufacturers launchers operators Governments & businesses 3
Slide 4: Business Characteristics
BUSINESS CHARACTERISTICS •High barriers to entry Finite resource of orbital positions and frequencies, heavily regulated at international level with key commercial orbital positions already into use High upfront CAPEX before operations High technology and technical expertise through satellite
Slide 5: Eutelsat in a Snapshot
EUTELSAT IN A SNAPSHOT KEY DATA REVENUE BREAKDOWN BY APPLICATION • FY 22 revenues of €1.15bn 2% Western Europe BY GEOGRAPHY 7% 2% Americas • FY 22 DFCF1 of €460m 8% 28% MENA Central Europe 12% SSA • Fleet of 342 satellites; global coverage Russia 21% APAC 20% Unallocated and others • Operating aroun
Slide 6: Breakdown of Revenues by Application (FY 2021-22)
BREAKDOWN OF REVENUES BY APPLICATION (FY 2021-22) → Direct-to-Home (DTH) BROADCAST 61% → Cable headends VIDEO → Mobile backhaul DATA & PROFESSIONAL 14% → Corporate networks VIDEO → Professional Video → Military GOVERNMENT 12% SERVICES → Security → Internet access for households CONNECTIVITY FIXED 6%
Slide 7: Eutelsat's Global Network at End-January 2023
EUTELSAT’S GLOBAL NETWORK AT END-JANUARY 2023 7
Slide 8: >€2.2bn Aggregated DFCF Generated Over 5 Years
>€2.2BN AGGREGATED DFCF GENERATED OVER 5 YEARS Reported DFCF / revenue 29% 31% 37% 38% 38% ratio Incl. €86m 1,408 of E5WB 1,321 1,278 insurance For FY23 and FY24: 1,234 proceeds 1,152 Adj. DFCF expected at an average of €420m 415 408 474 467 443 per year3 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
Slide 9: Bond & Bank Debt Maturity Schedule
BOND & BANK DEBT MATURITY SCHEDULE BOND & BANK DEBT MATURITY SCHEDULE 1 €800m 1.125% €600m €600m €75m €53m €53m €200m • Average cost of debt after hedging of 2.67% 2.000% €450m 2.250% 1.500% €400m • Average weighted maturity of 4.1 years €200m €53m €53m €200m €80m €50m €75m 2023 2023 2024 2025 2025
Slide 10: Shareholder Structure
SHAREHOLDER STRUCTURE EUTELSAT SHAREHOLDING STRUCTURE AS OF 30 DECEMBER 2022 Bpifrance 25.9% Free float and others 50.6% CMA-CGM 10.4% FSP1 7.9% Bharti 1 Fonds Stratégique de Participations 5.2% 10
Slide 11: CSR Approach
CSR APPROACH Four major areas of focus: 1 2 3 4 Protecting the Promoting diversity and Promoting ethics in our Bridging the environment and enhancing the relationships with our “digital divide” ensuring the responsible attractiveness of the stakeholders use of space Group as an employer ► Clear gove
Slide 12: Continuously Improving ESG Rating
CONTINUOUSLY IMPROVING ESG RATING CSR POLICY RECOGNISED BY ESG RATING AGENCIES AA (AAA) 51/100 15.2/100 41/100 58/100 (2020) (2022) (2022) (2021) (2022) Top 7% of Media Score above the Score reflecting a Score above Top 25% of the & Entertainment sector average low ESG risk Top sector average sector
Slide 13: Combination Between Eutelsat and OneWeb, Source of Growth and Value Creation
COMBINATION BETWEEN EUTELSAT AND ONE WEB, SOURCE OF GROWTH AND VALUE CREATION MASSIVE GROWTH POTENTIAL IN SATELLITE CONNECTIVITY Satellite Connectivity market at c. $16bn in 20301 HIGH-GROWTH AND ONEWEB IS A UNIQUE ASSET ROBUST FINANCIAL PROFILE One-of-only two global LEO Double digit revenue and EB
Slide 14: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. H1 FY 23 performance* 5. Strategy and Outlook 6. Appendix * H1 FY 23 performance is standalone 14
Slide 15: Trends in Our Heritage Businesses
TRENDS IN OUR HERITAGE BUSINESSES DATA & GOVERNMENT BROADCAST PROFESSIONAL VIDEO SERVICES Underlying trend in the last few Global demand increase driven Bandwidth-hungry usages, years has been a low to mid by rising connectivity needs increasing defence budgets and single digit decline remote
Slide 16: Video Drivers: Channel Growth in EM and Image Quality
VIDEO DRIVERS: CHANNEL GROWTH IN EM AND IMAGE QUALITY CHANNEL GROWTH INCREASED IMAGE QUALITY TV CHANNELS IN EMEA AND LATAM HD PENETRATION RATE BY MAJOR REGION >22,500 40% CAGR: ETL footprint 28% +0.1% Russia and 21% 2024 2020 Central Asia 13% ~22,400 23% SSA 11% 48% MENA 36% 49% LATAM 37% Central 44
Slide 17: Video Drivers: Capacity Requirements versus Compression Technology
VIDEO DRIVERS: CAPACITY REQUIREMENTS VERSUS COMPRESSION TECHNOLOGY EVOLUTION OF IMAGE QUALITY NUMBER OF CHANNELS (NUMBER OF CHANNELS) PER 36 Mhz TRANSPONDER 25,000 FORMAT MODULATION MPEG-2 MPEG-4 HEVC 20,000 DVB-S ~15 - - 15,000 SD DVB-S2 - ~26 - 10,000 DVB-S - - - HD 5,000 DVB-S2 - ~9 ~15 0 UHD DVB
Slide 18: Fiber Penetration Is Progressing
FIBER PENETRATION IS PROGRESSING… … but is far from reaching all households, even in Europe and even in 2026 • % FTTH/B Subscriptions (out of total households) 86% 49% 54% 29% 35% 20% 26% 10% Italy Poland France EU 27 + UK Eutelsat main markets 2021 2026 Source : Idate FTTH Forecast for EUROPE / Mar
Slide 19: $16bn Connectivity Market Opportunity for Satellites
LEADING TO A $16BN CONNECTIVITY MARKET OPPORTUNITY FOR SATELLITES Satellite connectivity market expected to more than … mainly driven by NGSO growth triple by 2030 … NGSO expected to grow c. 2.5x faster than overall market NGSO to represent c. 50% of the market by 2030, mostly captured by LEO co
Slide 20: $16bn Opportunity – Four Key Verticals
$16BN OPPORTUNITY – FOUR KEY VERTICALS VERTICAL KEY APPLICATIONS DRIVERS 2030 MARKET 10-Y CAGR Network extension Mobile backhaul Seamless integration in enterprise networks FIXED DATA Corporate networks Growing data usages $3.9bn +10% Ubiquitous coverage need Defense budget increases
Slide 21: Mobility Usages Are Set to Increase More Than Tenfold
MOBILITY USAGES ARE SET TO INCREASE MORE THAN TENFOLD MARITIME CONNECTIVITY DEMAND IN-FLIGHT CONNECTIVITY DEMAND Projected number of connected ships by 2030 Projected number of connected planes by 2030 North 4,310 America 8,941 2020 1,350 2020 2030 2030 Western Europe 5,319 614 MENA 2,157 69,846 338
Slide 22: Significant Broadband Market for Satellite
SIGNIFICANT BROADBAND MARKET FOR SATELLITE Substantial long-term (2030+) core adressable Demand for ubiquitous connectivity market of premises durably beyond the reach of boosted by Covid-19 induced lock-downs terrestrial infrastructure (4G, 5G, Fiber) • ~4M premises in Europe • ~5M premises in
Slide 23: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. H1 FY 23 performance* 5. Strategy and Outlook 6. Appendix * H1 FY 23 performance is standalone 23
Slide 24: Progress at OneWeb Since October Strategic Update
PROGRESS AT ONEWEB SINCE OCTOBER STRATEGIC UPDATE¹ On track for >35° N coverage in Commercial ramp-up in line, Milestone contracts & partnerships May 23, >25°N-S by Q3 2023 and generating revenues signed in key verticals where full coverage by Jan-24 . demand is well-oriented 36 satellites launche
Slide 25: OneWeb at a Glance
ONEWEB AT A GLANCE Overview Assets Velocity ► One-of-only two global ► Global stakeholders ► Revenue generating broadband LEO ► c. $5bn deployed on ► 5x usage growth on ► c. 648 satellites at 1,200 kms¹ Capex Network ► 1.1 Tbps sellable capacity¹ ► Highly skilled organization ► c. 50 distribution pa
Slide 26: OneWeb Has Secured Priority Rights Over Premium Spectrum Bands
ONEWEB HAS SECURED PRIORITY RIGHTS OVER PREMIUM SPECTRUM BANDS ► OneWeb has secured about 6 GHz of Strong Spectrum Positioning in Ku- and Ka-bands bandwidth − Ku-band (User links) Ku-Band Ka-Band − Ka-band (Gateway links) ► Highest priority in Ku-band (2.5 GHz) Bandwidth 2.5 GHz 3.3 GHz ► Strong Pri
Slide 27: Alaska – Connecting Communities
ALASKA – CONNECTING COMMUNITIES: ONE OF MANY APPLICATIONS OneWeb office and customer demonstration centre One of the largest ground station sites serving the in Anchorage Arctic circle Regional Need Connectivity is not equally available in rural Alaska c. 48% of the Arctic Circle and c. 40% of Alask
Slide 28: Building the Pipeline: Over 150 Customer Trials Underway
BUILDING THE PIPELINE: OVER 150 CUSTOMER TRIALS UNDERWAY 5x Usage Growth Between April and August 2022 Firm orders for 80+ sites 35° N by May 2023 covering the whole of Europe + the US 50 Degrees North 28
Slide 29: $0.8bn Secured Backlog at End-December 2022
$0.8BN SECURED BACKLOG AT END-DECEMBER 2022 Europe + €200m vs. October 2022’s Strategic Update M. East & Americas Africa Significant Global Reach APAC Government Community Multi-use / Diversity of Mobility $0.8bn1 ✓ Use Cases Fixed $0.6bn1 # of years ≤2 ≤3 ≤4 ≤5 Long Dated >5 Contract Terms 29 (1) I
Slide 30: Two Highly Complementary Businesses
TWO HIGHLY COMPLEMENTARY BUSINESSES GEO + LEO Geographical Capacity density: ability to focus capacity over Full global coverage expected by Q4 2023 advantage high-demand regions Key value Low-cost sellable capacity: higher fill-rates Low latency: critical for some applications and proposition than
Slide 31: Gen 2 Opening New Revenue Opportunities
GEN 2 OPENING NEW REVENUE OPPORTUNITIES Proof points Gen 2 benefits • Scalable Adaptable • Evolutive Higher capacity Longer lifetime Optical • Smaller/cheaper ground segment (circa 5x vs. Gen 1) (10 years) intersatellite • Higher network utilization links • Allowing smart traffic landing • Enabling
Slide 32: The Right Combination at the Right Time
THE RIGHT COMBINATION AT THE RIGHT TIME Satellite connectivity market at an inflexion point, expected to deliver high levels of sustained growth OneWeb successful service launch, ramping up to full global deployment expected by Jan 24 Seizing early cost synergies: leveraging Eutelsat resources and e
Slide 33: Clear Roadmap to Integration
CLEAR ROADMAP TO INTEGRATION 2022 2023 2024 2025 2026 2027 2028 Advance LEO/GEO Fully integrated Offering LEO/GEO LEO & GEO hybrid services (1 single LEO/GEO antenna) Phases LEO/GEO hybrid services (separated LEO & GEO antennae) LEO & GEO services distributed by Eutelsat (distribution agreement and
Slide 34: Growth for the Combined Entity
GROWTH FOR THE COMBINED ENTITY Revenues (€m) EBITDA (€m) Capex Leverage Front-end loaded c.4.0x Capex with average of c.3.0x €725 – 875m p.a. over FY24 - FY30 including c.2,000 synergies 1,550-1,750 EBITDA-Capex back in FY23PF 1 Mid-term c.1,400 1,350-1,450 positive territory in c.1,200 FY25 - F
Slide 35: Generating Strong Value Creation
GENERATING STRONG VALUE CREATION Average annual expected Leverage Eutelsat sales forces, geographical reach and existing customer base to accelerate Revenue synergies of commercial ramp-up REVENUE SYNERGIES c. €150m One-stop-shop for customers looking both for ubiquity and capacity density by Ye
Slide 36: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. H1 FY 23 performance* 5. Strategy and Outlook 6. Appendix * H1 FY 23 performance standalone 36
Slide 37: Highlights
HIGHLIGHTS • H1 Operating verticals down -4.1%, within the range of our Full Year objectives • Maintained industry-leading profitability with an EBITDA margin of 73.0% in H1, despite decline in revenue • Operational success with the launch of four satellites in H1 2022-23 • Rapid ramp-up of EUTELSAT
Slide 38: H1 2022-23 Revenues
H1 2022-23 REVENUES H1 YoY revenue bridge (€m) Total revenues of €574m, down 6.1% like-for-like Positive currency effect • €/$ rate of 1.01 vs 1.17 last year -4.1% +37 Negative swing of €12m in ‘Other Revenues’ 0 (12) (23) • Of which -€10m related to hedging Revenues of the Operating Vertica
Slide 39: H1 FY 2022-23 Revenues by Application
H1 FY 2022-23 REVENUES BY APPLICATION REVENUE REVENUES LIKE-FOR-LIKE2 CONTRIBUTION1 (€m) YOY CHANGE BROADCAST 58% 339 -6.7% Video DATA & 14% PROFESSIONAL 83 -2.5% VIDEO GOVERNMENT 12% SERVICES 67 -20.3% Connectivity FIXED BROADBAND 6% 37 +17.0% MOBILE CONNECTIVITY 10% 56 +32.7% TOTAL OPERATING VERTI
Slide 40: Broadcast
BROADCAST 58% H1 revenues of €339m, down 6.7% YoY like-for-like1 351 785 339 • Temporary headwind of the partial renewal of capacity with Nilesat at 7/8°West • Negative impact of the anticipated non-renewal of a capacity contract with Digitürk from mid-November • Lower revenues in Europe related t
Slide 41: Data & Professional Video
DATA & PROFESSIONAL VIDEO 14% H1 revenues of €83m, down 2.5% YoY like-for-like1 • Q2 revenues down -2.6% YoY but up +1.3% QoQ 78 83 Improved volume trend in Fixed Data: • Offsetting most of the negative impact of competitive pressure on 42 pricing Q2 39 Q2 Mid-single digit decline in Professio
Slide 42: Government Services
GOVERNMENT SERVICES 12% 74 67 H1 revenues of €67m, down 20.3% YoY like-for- 161 like1 • Negative carry-forward effect of US Department of Defense renewals in particular Fall 2022 campaign (65% renewal rate) Q2 37 following a 75% renewal rate in Spring 2022 32 Q2 • Reflecting specific US geopolitic
Slide 43: Fixed Broadband
FIXED BROADBAND 6% H1 revenues of €37m, up 17.0% like-for-like1 79 • Wholesale agreements with Orange, TIM, Hispasat and Swisscom 30 37 • Ramp-up of the African operations Q2 revenues up 13.2% YoY; down 1.2% QoQ1 19 Q2 Q2 16 Revenues will be broadly stable over Full Year • Growth to re-acceler
Slide 44: Mobile Connectivity
MOBILE CONNECTIVITY 10% H1 revenues of €56m, up 32.7% YoY like-for-like1 • Commercial success of EUTELSAT QUANTUM 56 • Two additional beams commercialized for incremental capacity in maritime Mobility during H1, bringing the total number of beams commercialized for Mobile Connectivity to three 37
Slide 45: Backlog & Fill Rate
BACKLOG & FILL RATE BACKLOG (€BN) OPERATIONAL & UTILIZED TRANSPONDERS Fill rate 70.6% 73.2% 70.2% 4.2 4.0 3.7 1,380 1,361 1,359 974 996 955 Operational Transponders Of which Utilized Broadcast 64% 62% 59% Transponders 31 Dec. 2021 30 June 2022 31 Dec. 2022 31 Dec. 2021 30 June 2022 31 Dec. 2022 • Na
Slide 46: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. H1 FY 23 performance* 5. Strategy and Outlook 6. Appendix * H1 FY 23 performance is standalone 46
Slide 47: Strong Progress on the Telecom Pivot
STRONG PROGRESS ON THE TELECOM PIVOT Rebalancing of our business towards Connectivity, • where demand is booming Reorganization along two business units to enhance • customer-centricity completed (project COMETE) Successful ramp-up of Eutelsat Advance managed • services solutions Substantial growth
Slide 48: Substantial Growth Capacity to Progressively Support Topline
SUBSTANTIAL GROWTH CAPACITY TO PROGRESSIVELY SUPPORT TOPLINE INCREMENTAL KEY ENTRY INTO FIRM CAPACITY MARKETS SERVICE* COMMITMENTS HOTBIRD 13G EGNOS Payload Government Q2/Q3 2023 Mobility ~100 Ku spots EUTELSAT 10B c. 35 Gbps EMEA/Atlantic & Indian Q3 2023 Ocean ~230 Ka spots Connectivity KONNECT VH
Slide 49: Financial Outlook Confirmed
FINANCIAL OUTLOOK CONFIRMED OPERATING VERTICALS ► Between €1,135 to €1,165m in FY 2022-231 REVENUES1 ► Growth from FY 2023-24 ► Not exceeding €400m2 per annum for each CASH CAPEX of the next two fiscal years (FY 2022-23 / FY 2023-24) ► Average of €420m per year over the next ADJUSTED DISCRETIONARY t
Slide 50: To Summarize
TO SUMMARIZE Successful execution of cash generation strategy with more than €2bn aggregated DFCF generated over 5 years, helping to fund Eutelsat’s future $125m related to Phase 1 of C-band received; $382m remaining C-Band proceeds for Phase 2 to be received (before tax) Industry-leading profitabil
Slide 51: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. H1 FY 23 performance* 5. Strategy and Outlook 6. Appendix * H1 FY 23 performance is standalone 51
Slide 52: 6. Appendix
6. APPENDIX 6.1 H1 2022-23 Financials 6.2 Telecom Pivot 6.3 OneWeb combination: Outlook & Financials 6.4 Recent launches success 52
Slide 53: Financial Structure
FINANCIAL STRUCTURE Net Debt/EBITDA ratio of 3.55x NET DEBT / EBITDA RATIO • Versus 3.53x as of 31 December 2021 and 3.27x at end June 2022 3.53x 3.55x Average cost of debt after hedging of 2.67% • Versus 2.5% in H1 FY 22 Average weighted maturity of 4.1 years • Versus 4.5 y at 31 Dec 2021 77.
Slide 54: Net Income
NET INCOME Extracts from the H1 H1 consolidated income CHANGE statement in €m 2021-22 2022-23 Revenues 572 574 +0.3% EBITDA1 436 419 -3.8% ► Lower D&A due to lower in-orbit and on-ground Operating depreciation income 276 151 -45.3% ► Other operating expenses vs. operating income last year, with the
Slide 55: Adjusted Discretionary Free Cash-Flow
ADJUSTED DISCRETIONARY FREE CASH-FLOW In €m One-off costs related to specific projects, notably 121 COMETE and Eutelsat-OneWeb 353 combination 1 (194) (1) 39 (77) 82 Net Cash-Flow from Cash Capex (1) Interest and Other fees paid Discretionary Free Cash-Flow operations net of interests received Chang
Slide 56: Net Debt Evolution
NET DEBT EVOLUTION In €m (109) 149 34 (82) 81 2,996 2,814 Net Debt as of Reported Dividend OneWeb equity Other Net Debt as of 30/06/22 DFCF investment 31/12/22 56
Slide 57: Financial Structure
FINANCIAL STRUCTURE Net Debt/EBITDA ratio of 3.55x NET DEBT / EBITDA RATIO • Versus 3.53x as of 31 December 2021 and 3.27x at end June 2022 3.53x 3.55x Average cost of debt after hedging of 2.67% • Versus 2.5% in H1 FY 22 Average weighted maturity of 4.1 years • Versus 4.5 y at 31 Dec 2021 77.
Slide 58: 6. Appendix
6. APPENDIX 6.1 H1 2022-23 Financials 6.2 Telecom Pivot 6.3 OneWeb combination: Outlook & Financials 6.4 Recent launches success 58
Slide 59: Reorganisation Along Two Business Units
REORGANISATION ALONG TWO BUSINESS UNITS Enhancing customer-centricity, gaining efficiency and fostering return to growth CONTEXT NEW ORGANISATION AND EXPECTED BENEFITS TIMING We are exposed to 2 different Creation of two Business Units in Improved customer-centricity and markets with distinct
Slide 60: 'Eutelsat Advance' to Address Connectivity Verticals
‘EUTELSAT ADVANCE’ TO ADDRESS CONNECTIVITY VERTICALS Innovative end-to-end managed services GLOBAL ADVANCED SEAMLESS USER FLEXIBLE PARTNERSHIP ECOSYSTEM TECHNOLOGIES EXPERIENCE WITH NO BARRIERS OF SERVICES & TOOLS & SUPPORT to ENTRY → Global network that seamlessly → Integrated state-of-the-art → Dy
Slide 61: 6. Appendix
6. APPENDIX 6.1 H1 2022-23 Financials 6.2 Telecom Pivot 6.3 OneWeb combination: Outlook & Financials 6.4 Recent launches success 61
Slide 62: Gen 1 Is Live and Fully Funded
GEN 1 IS LIVE AND FULLY FUNDED November 2020 February 2023 Jan 24 Today Global Coverage Cumulative Number of Launches 3 15 18 • 85% of launches completed Cumulative Number of • 85% of satellites launched and supporting growing Satellites 74 544 c. 6481 revenues in 50-degrees North Launched Cumulativ
Slide 63: Overview of OneWeb Revenue Prospects
OVERVIEW OF ONEWEB REVENUE PROSPECTS OneWeb standalone revenue prospects Key enablers before synergies (€m) Gen 2 Chart Title commercial Coverage launch targeted 50o N Latitude now Sellable Capacity by early 2028 >800 Global during FY24 130 Gbps now On track for >35° N 1.1 Tbps during FY24 coverage
Slide 64: Capex Savings from Right-Sizing of Gen 2 Constellation
CAPEX SAVINGS FROM RIGHT-SIZING OF GEN 2 CONSTELLATION Illustrative CAPEX OPTIMIZATION POTENTIAL High volumes of connectivity demand concentrated in specific geographical areas On a stand-alone basis, LEO constellations able to accommodate such local demand peaks only at the cost of deploying si
Slide 65: Gen 2: A Compelling Economic Prospect
GEN 2: A COMPELLING ECONOMIC PROSPECT Far cheaper than building a LEO constellation from scratch Significant advantage over new LEO entrants Re-use of Gen 1 on-ground infrastructure Spectrum Benefiting from Gen 1 know-how and skill-set Landing rights BIU1 filings2 enabling highest priority rights Ma
Slide 66: Demand Growth Continuing Beyond 2030
DEMAND GROWTH CONTINUING BEYOND 2030 VERTICAL CURRENT USE CASES EMERGING FUTURE APPLICATIONS Mobile backhaul: up to ~35% of sites still in 2G/3G in 2030, leaving potential x10 increase in capacity per site Digital Twin of remote industrial sites (e.g., mining, FIXED DATA Corporate networks: co
Slide 67: Update on the Combination with OneWeb
UPDATE ON THE COMBINATION WITH ONEWEB 14 November 2022 → Signing of the final combination agreement Q4 2022 / mid-2023 → Regulatory approvals By Q2-Q3 2023 → Extraordinary General Meeting of Eutelsat to approve the transaction → Closing Regulatory approval workstream progressing according to plan
Slide 68: 6. Appendix
6. APPENDIX 6.1 H1 2022-23 financials 6.2 Telecom Pivot 6.3 OneWeb combination Outlook & Financials 6.4 Recent launches success 68
Slide 69: Launch of Eutelsat Konnect VHTS
LAUNCH OF EUTELSAT KONNECT VHTS Kourou, French Guiana, 7 September 2022 69 Pictures launch: Arianespace
Slide 70: Launch of Eutelsat Hotbird 13F & Hotbird 13G
LAUNCH OF EUTELSAT HOTBIRD 13F & HOTBIRD 13G Cape Canaveral, Florida – 15 October (HOTBIRD 13F) & 3 November 2022 (HOTBIRD 13G) 70 Picture launch: SpaceX - EUTELSAT HOTBIRD 13F & HOTBIRD 13G
Slide 71: Launch of E10B
LAUNCH OF E10B Cape Canaveral, Florida – 22 November 2022 CONFIDENTIAL 71 Picture launch: SpaceX EUTELSAT 10B
Slide 72: IR Contacts
Thomas CARDIEL T: +33 6 99 07 86 47 E: [email protected] Christine LOPEZ IR CONTACTS T: +33 1 53 98 47 02 E: [email protected] Hugo LAURENS-BERGE T: +33 6 70 80 95 58 E: [email protected] 72
Slide 73: Disclaimer
DISCLAIMER NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. • This presentation (including any oral briefing and any question-and-answer in connection with it)
Eutelsat Communications — Investor Presentation (February 2023) on 6ix