Digi Communications Nv · BVB:DIGI
Digi Communications Nv — Q3 2017 Earnings Presentation
19 slides from Digi Communications Nv's earnings presentation, 2017
Slide 1: Digi Communications N.V. Investor presentation for the period ended September 30, 2017
DIGI COMMUNICATIONS N.V. (“the Company” or “DIGI”) Investor presentation for the period ended September 30, 2017
Slide 2: Disclaimer
p. 2 Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: The information in this document has been prepared by Digi Communications N.V., (the "Company“ or “DIGI”) and solely for use during the
Slide 3: Group overview
Group overview ‘Mil € Romania Hungary Spain & Other3 Total 3 months 9 months 3 months 9 months 3 months 9 months 3 months 9 months ended ended ended ended ended ended ended ended Sept 30, 2017 Sept 30, 2017 Sept 30, 2017 Sept 30, 2017 Sept 30, 2017 Sept 30, 201 Sept 30, 2017 Sept 30, 2017 Revenues2
Slide 4: Recent developments
Recent developments Business • On 13 October 2017, RCS & RDS S.A., DIGI Távközlési és Szolgáltató Korlátolt Felelősségű Társaság, as the borrowers, the Company, as a guarantor, and Citibank N.A., London Branch and ING Bank N.V. as the arrangers, have concluded a short-term loan with two facilities i
Slide 5: Financial highlights
Financial highlights Results from continuing operations Key considerations • Revenues in Romania increased mainly as a result of: EUR. M 1 Revenues Adj. EBITDA CAPEX • Increase in mobile telephony RGUs 250.0 225.4 226.7 227.3 230.1 and ARPU. 212.2 • Increase in our cable Tv and fixed 200.0 internet
Slide 6: Highlights Romania (1/2)
Highlights Romania (1/2) Revenue and Adj EBITDA Results of Operations1 3 months 9 months ended ended ‘Mil € Sept 30, % change Sept 30, % change 2016 2017 2016 2017 Revenues 156.3 163.2 4.4% 450.3 492.8 9.4% Adjusted EBITDA 52.8 56.8 7.6% 150.8 164.1 8.8% Margin % 33.8% 34.8% 33.5% 33.3% Key consider
Slide 7: Highlights Romania (2/2)
Highlights Romania (2/2) Subscribers Key considerations RGUs Period Ended Net Additions Thousand RGUs Sept 30, Last 12 Last 3 2016 2017 months months Cable TV 2,821 2,974 153 50 Fixed internet and data 2,065 2,225 160 45 Mobile telecommunications services 3,059 3,400 341 19 Steady growth in Cable
Slide 8: Highlights Hungary (1/2)
Highlights Hungary (1/2) Revenue and Adj EBITDA Results of Operations 3 months 9 months ended ended ‘Mil € Sept 30, % change Sept 30, % change 2016 2017 2016 2017 Revenues 34.1 38.3 12.3% 100.3 113.1 12.8% Adjusted EBITDA 12.7 10.6 -16.5% 39.4 32.8 -16.8% Margin % 37.3% 27.5% 39.2% 29.0% Key conside
Slide 9: Highlights Hungary (2/2)
Highlights Hungary (2/2) Subscribers Key considerations RGUs Period Ended Net Additions Thousand RGUs Sept 30, Last 12 Last 3 2016 2017 months months Cable TV 467 495 28 10 Fixed internet and data 417 459 42 12 Mobile telecommunications Increase in Internet, Cable TV and Fixed 15 13 (2) - services
Slide 10: Highlights Other Territories
Highlights Other Territories Revenue and Adj EBITDA 3 months 9 months ended % ended ‘Mil € Sept 30, change Sept 30, % change 2016 2017 2016 2017 Revenues Spain1 21.1 24.8 17.5% 63.4 67.8 6.9% Other 2.5 5.0 100.0% 6.9 13.4 94.2% 23.7 29.8 25.7% 70.4 81.2 15.3% Adj EBITDA 2.1 6.5 209.5% 7.2 17.1 137.5
Slide 11: Group Financial Profile (1/2)
Group Financial Profile (1/2) Financial liabilities as of Maturity profile Long term loans & Notes Sept 30, 20171 (Mil €) Amount 400 350 Facility (Mil €) 2016 Senior Secured Notes 350.0 300 2016 Senior Facility 348.5 Financial leases 4.5 200 Other long term debt2 45.5 150 Other short term debt3 23.2
Slide 12: Group Financial Profile (2/2)
Group Financial Profile (2/2) 1000 773 774 Key considerations 800 710 15 20.4 50 600 758 754.1 Total net debt1 as of Sept 30, 2017 is €754.1 661 million 400 Net Leverage2 is 2.7x and Gross Leverage is 200 2.8x. 2015 2016 Q3 2017 Net Debt Cash 3.8x 3.5x 3.3x 3.0x 3.0x 3.0x 2.8x 2.8x 2.9x 2.5x 2.8x
Slide 13: Contact
Contact You can find us on: Web: www.digi-communications.ro investors.rcs-rds.ro Email: [email protected] [email protected] 13 DIGI
Slide 14: Q&A
Q&A 14 DIGI
Slide 15: Appendices
Appendices 15 DIGI
Slide 16: Revenue streams
Revenue streams Q3 2017 revenue split by product Q3 2017 revenue split by country Other Italy revenues 2% 9% Spain DTH 11% 8% Cable TV Fixed-line 25% telephony 3% Hungary 17% Fixed internet and data 23% Mobile telecommunications Romania services 70% 32% 16 DIGI
Slide 17: Group Results (P&L)
Group Results (P&L) 3 months 9 months ‘Mil € ended ended Sept 30, % change Sept 30, % change 2016 2017 2016 2017 Revenues1 Romania 155.1 162.4 4.7% 448.2 491.1 9.6% Hungary 34.1 38.3 12.3% 100.3 113.1 12.8% Spain 20.7 24.6 18.8% 62.3 66.9 7.4% Italy 2.2 4.8 118.2% 6.6 13.0 97.0% Total Revenues 212.2
Slide 18: Cash Flow
Cash Flow Summary of Cash flows 3 month 9 month ‘Mil € Sept 30, Sept 30, 2016 2017 2016 2017 Cash flows from operations before working capital changes 67.8 76.8 200.1 219.4 Cash flows from changes in working capital 5.1 (12.6) (6.1) 1.0 Cash flows from operations 72.9 64.2 194.1 220.4 Interest paid
Slide 19: Forex development
Forex development RON/EUR Exchange Rate HUF/EUR Exchange Rate 4.70 4.65 315 4.60 314 4.5991 4.55 313 4.55 313 4.50 312 313 4.52 4.45 4.49 4.50 4.49 312 312 311 311 4.46 4.47 311 311 4.40 4.43 310 4.35 309 310 4.30 309 308 4.25 307 4.20 306 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q3 15