SES SA FDR (Class A) · EURONEXT:SESG
SES SA FDR (Class A) — SES — Q1 2009 Earnings Presentation
11 slides from SES SA FDR (Class A)'s earnings presentation, Apr 24, 2009
Slide 1: Q1 2009 Financial Results
Q1 2009 Financial Results 24 April 2009
Slide 2: Disclaimer / Safe Harbor Statement
Disclaimer / “Safe Harbor” Statement S This presentation does not, in any jurisdiction, and in particular not in the U.S., constitute or form part of, and should not be construed as, any offer for sale of, or solicitation of any offer to buy, or any investment advice in connection with, any securiti
Slide 3: Solid Key Financials
Solid Key Financials S Reported revenue of EUR 423.9 million, an increase of 8.4% over the prior year period. • Recurring revenue of EUR 423.4 million, an increase of 3.1% over the prior year period. S Reported EBITDA of EUR 308.9 million, an increase of 12.2% over the prior year period. • EBITDA ma
Slide 4: Principal Developments
Principal Developments S Good progress at SES AMERICOM-NEW SKIES • mainly outside the U.S. S HD TV continues to proliferate • 69 HD channels carried by SES ASTRA • 67 HD channels in the U.S. S Three satellites brought into service in the period • ASTRA 1M; Ciel-2; NSS-9 S ASTRA 5A satellite taken ou
Slide 5: Launch schedule
Launch schedule SES Group 2009 2010 2011 Launch schedule Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 SES ASTRA Astra 3B Astra 1N Sirius 5 SES AMERICOM AMC-4R AMC-1R QuetzSat-1 NSS-12 NSS-14 SES NEW SKIES (8R) (7R) 3) 1) S-5: 56 Europe: 3 , Incremental 2) (Astra: 36, 30 Middle East: / / 24+47 / transponders 12
Slide 6: Capital Expenditure Schedule
Capital Expenditure Schedule Un ch an ge 807 807 d! Non Satellite 747 44 747 Capex - Services & 66 Other (MLA 138 EUR million Ground prepayments) 436 486 486 AMERICOM - 30 NEW SKIES 309 Net Satellite 763 319 segment 319 Capex & MLA 289 681 Prepayments / 21 Recovery *) 146 456 ASTRA 378 298 300 segme
Slide 7: SES Group - Revenue
SES Group - Revenue FX rate EUR/USD: Actual Q1 2008 1.49 EUR million Actual Q1 2009 1.31 +8.4% as reported +3.1% 410 423 424 391 13 1 (1) 20 Actual non-recurring constant FX Actual recurring Actual non-recurring Actual Q1 2008 Q1 2008 growth Q1 2009 Q1 2009 recurring recurring S As reported SES grou
Slide 8: SES Group - EBITDA
SES Group - EBITDA FX rate EUR/USD: Actual Q1 2008 1.49 EUR million Actual Q1 2009 1.31 +12.2% as reported +6.0% 314 309 296 72.1% 74.2% 72.9% 275 70.4% 18 (5) 6 15 70.4% EBITDA margin 72.1% 74.2% 72.9% Actual non-recurring constant FX Actual recurring Actual non-recurring Actual Q1 2008 Q1 2008 gro
Slide 9: Business segmentation
Business segmentation EUR million Infrastructure OTHER & *) in MEUR ASTRA AMERICOM NEW SKIES ELIM SES GROUP Revenues 206.1 87.8 72.8 0.0 366.8 EBITDA 173.5 74.5 61.7 0.0 309.7 Margin % 84.2% 84.9% 84.7% 84.4% Services OTHER & normalised One-time *) in MEUR ASTRA AMERICOM NEW SKIES ELIM SES GROUP Ite
Slide 10: Other financial lines (Q1 2009 vs. Q1 2008)
Other financial lines (Q1 2009 vs. Q1 2008) ▲ Depreciation & Amortisation increased by EUR 9.4 million (+8.6%) due to ¾ additional depreciation from new satellites coming into service (AMC-21, Ciel-2, Astra 1M) ¾ unfavourable impact from the strengthening of the US Dollar ¾ accelerated depreciation
Slide 11: Financial Outlook
Financial Outlook Co nfi rm ed ▲ 2009: Growth continues, at attractive profitability levels ! ¾ Recurring revenue growth of around 3-4%, based on a favourable development in both business segments (assuming an average exchange rate of 1.30 USD/EUR, reported revenues are set to increase by more than