ATN International, Inc. · NASDAQ:ATNI
ATN International — Investor Presentation (June 2015)
12 slides from ATN International's investor presentation, June 2015
Slide 1: ATN Investor Presentation
ATN Investor Presentation June 2015
Slide 2: ATN Investment Principles
ATN Investment Principles Disciplined Opportunistic Value-Based Long-Term View High Insider Ownership Prudent Balance of Growth Aligned with Shareholders with Dividends 2
Slide 3: Our Strategy
Our Strategy • Disciplined approach to investing in companies Strategic entry (and exit) points Leverage ATN’s financial resources and management expertise Look for platforms that drive future investment • Managing our portfolio to build and create value Hire and engage local management team
Slide 4: Business Update
Business Update • Solar Strategic Rationale Opportunity to enter high growth market at reasonable valuation Fragmented fast moving market with potential advantages for well-funded platform Parallels to ATN domestic wholesale wireless and fiber businesses ATN’s ability to utilize tax incentiv
Slide 5: ATN Operates Under Five Segments
ATN Operates Under Five Segments U.S. Wireless U.S. Wireline International Integrated Telephony Island Wireless Renewable Energy 5
Slide 6: Our Revenue Categories
Our Revenue Categories Equipment & Other Wireline U.S. Wireless 3% 25% 46% 6% 2% 26% 24% 43% 25% International Wireless Pro Forma Full Year Renewable Energy Full year of 2014 6
Slide 7: Where We Operate
Where We Operate New England New York CA, MA, NJ Bermuda Southwest Midwest U.S. Caribbean Islands Wireless Wholesale Markets Wireline Distributed Generation Solar Integrated Telephony Guyana 7
Slide 8: Year Ended 2014
Year Ended 2014 $58.0 Revenue Net Income Adj. EBITDA1 ($ in millions) ($ in millions) ($ in millions) $336.0 $140.0 $293.0 $37.0 $114.0 Up 15% Up 23% Up 57% 2013 2014 2013 2014 2013 2014 • Represents continuing operations only • 1 Adjusted EBITDA – See Reconciliation Table in Q4 2014 Earnings Releas
Slide 9: Solid Track Record
Solid Track Record Book Value per Share $42.31 $18.33 2010 2011 2012 2013 2014 Operating Income per Share $5.34 $2.38 2010 2011 2012 2013 2014 9
Slide 10: Solid Track Record
Solid Track Record Share Price $66.86 $13.00 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Dividends per Share $1.12 $0.42 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 10
Slide 11: Substantial Balance Sheet Capacity
Substantial Balance Sheet Capacity Balance Sheet Highlights- 12/2014 Simple, conservative balance sheet Total cash position of $371 million Minimal amount of debt outstanding (under $40 million) Fully available $225 million Revolver loan (LIBOR +1.50) 2.00 1.7 Leverage Ratio (x's) 1.80 1.60
Slide 12: Forward Looking Statements and Non-GAAP Financial Information
Forward Looking Statements and Non-GAAP Financial Information This presentation may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are or may be forward-looking statement
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