Eutelsat Communications Sa · EURONEXT:ETL
Eutelsat Communications Sa — Q1 2013-14 Earnings Presentation
14 slides from Eutelsat Communications Sa's earnings presentation, Oct 29, 2013
Slide 1: First Quarter 2013-2014 Revenues
First Quarter 2013-2014 Revenues October 29, 2013 1
Slide 2: Agenda
Agenda Q1 2013-2014 highlights Revenues by application Outlook -2-
Slide 3: Q1 2013-2014 Highlights
Q1 2013-2014 Highlights Quarterly revenues in line with objectives: €323.5 M, +2.9% Successful launch and entry into service of EUTELSAT 25B at 25.5° East EUTELSAT 25C to be redeployed to 33° East Scaling up in Latin America Procurement of EUTELSAT 65 West A Acquisition of Satmex • Acquisition finan
Slide 4: Backlog And Fill Rate Lend Strong Visibility
Backlog And Fill Rate Lend Strong Visibility Backlog (€bn) Operational transponders1 (in txp) 5.4 5.4 858 859 5.2 801 Video 91% 92% 93% Fill rate2 75.8% 74.0% 75.2% 30 Sept. 30 June 30 Sept. 30 Sept. 30 June 30 Sept. 2012 2013 2013 2012 2013 2013 The backlog represents future revenues from capacity
Slide 5: Revenue Growth in Line With Objectives: +2.9%
Revenue Growth in Line With Objectives: +2.9% (+4.0% at Constant Currency1) +0.4% €M VIDEO 217 216 Revenues (€M) 67.8% Q1 2012-13 Q1 2013-14 +2.9% +8.5% DATA & VALUE- €M ADDED SERVICES 324 66 314 20.7% 61 Q1 2012-13 Q1 2013-14 Q1 2012-13 Q1 2013-14 MULTI-USAGE +8.1% €M 11.5% 34 37 Q1 2012-13 Q1 2013
Slide 6: Agenda
Agenda Q1 2013-2014 highlights Revenues by application Outlook -6-
Slide 7: Video: Stable Revenues Reflect Absence of Available Capacity
Video: Stable Revenues Reflect Absence of Available Capacity 4,713 channels, up 7%, HD penetration for the entire fleet of 9.3% 7°/8° West: resources reinforced at end-Q1 with deployment of EUTELSAT 8 West C 36 ° East and 16° East: good commercial dynamic Coverage of Russia to be further enhanced wi
Slide 8: Data and Value Added Services: Strong Growth in VAS
Data and Value Added Services: Strong Growth in VAS Data Services Revenues for Data & VAS (€M) • Revenues benefited from the integration of EUTELSAT 172A +8.5% 66 60 +2.5% 61 • Continuing tough competitive environment for point-to-point services • Negative impact of the transfer of a 11 16 +42.4% 23
Slide 9: Multi-usage Reflecting Integration of EUTELSAT 172A
Multi-usage Reflecting Integration of EUTELSAT 172A Carry-forward effect of February/March Revenues from Multi-usage (€M) 2013 contract renewal campaign offset by • Integration of EUTELSAT 172A +8.1% • New contracts -5.8% 37 36 September/October 2013 renewal campaign 34 in line with expectations Q1
Slide 10: Satmex Financing Concluded at Attractive Terms
Satmex Financing Concluded at Attractive Terms Satmex acquisition bridge financing was finalised at attractive terms • $850 M bridge loan signed 13 September 2013 • Two-year maturity • Margin grid based on S&P rating – opening margin at 50bps Refinancing of Eutelsat S.A. €450 M Revolving Credit Faci
Slide 11: Agenda
Agenda Q1 2013-2014 highlights Revenues by application Outlook -11-
Slide 12: Additional Capacity Focused on Areas of Highest Growth
Additional Capacity Focused on Areas of Highest Growth 3 year outlook period June 2013 – June 2016 2013 2014 2015 2016 AT1 AT2 EUTELSAT EUTELSAT EUTELSAT EUTELSAT EUTELSAT 3B 9B 8 West B 36C 65 West A (Q4 2013) (Q4 2013) (H1 2014) (Q1 2015) (Q3 2015) (H2 2015) (H1 2016) 3° East 36° East 65° West 56°
Slide 13: Outlook Confirmed Excluding Satmex, And Pending Outcome of Discussions With SES
Outlook Confirmed Excluding Satmex, And Pending Outcome of Discussions With SES Revenues Eutelsat confirms the revenue outlook published in July 2013 (At constant Currency, Excl. non recurring revenues) Above 2.5% growth for 2013-14 Above 5% average revenue growth in 2014-15 and 2015-16 EBITDA EBITD
Slide 14: Questions & Answers
Questions & Answers Michel de Rosen Michel Azibert Antoine Castarède Léonard Wapler CEO Deputy CEO CFO Head of Investor Relations -14-
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