Eutelsat Communications SA · EURONEXT:ETL
Eutelsat Communications SA — Investor Presentation (May 2023)
72 slides from Eutelsat Communications SA's investor presentation, May 2023
Slide 1: Eutelsat Communications Investor Presentation May 2023
EUTELSAT COMMUNICATIONS Investor Presentation May 2023
Slide 2: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. Q3 FY 23 performance* 5. Strategy and Outlook 6. Appendix * Q3 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 → Mobile backhaul DATA & PROFESSIONAL 14% → Corporate networks VIDEO → Professional Video → Military GOVERNMENT 12% SERVICES → Security → Internet access for households FIXED 6% & corporates BROAD
Slide 7: Eutelsat's Global Network Today
EUTELSAT’S GLOBAL NETWORK TODAY 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 31 MARCH 2023 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 A (AAA) 51/100 13.6/100 40/100 58/100 (2023) (2022) (2023) (2022) (2022) Score above to Score above to Score reflecting a Score above to Top 25% of the the sector the sector low ESG risk Top the sector sector average aver
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. Q3 FY 23 performance* 5. Strategy and Outlook 6. Appendix * Q3 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 mid single digit by rising connectivity needs increasing defence budgets and decline remote connect
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: Leading to a $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. Q3 FY 23 performance* 5. Strategy and Outlook 6. Appendix * Q3 FY 23 performance is standalone 23
Slide 24: 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 ► 636 satellites at 1,200 kms¹ Capex Network ► 1.3 Tbps sellable capacity¹ ► Highly skilled organization ► c. 50 distribution partn
Slide 25: 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 26: 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 27: Gen-1 On Track for Global Coverage by Year End
GEN-1 ON TRACK FOR GLOBAL COVERAGE BY YEAR END November May Q4 2020 2023 2023e Cumulative Number of Launches 3 19 19 • 100% of launches completed for operations Cumulative • 100% of satellites launched for global coverage and Number of 74 636 6361 supporting growing revenues in 50-degrees North, Sat
Slide 28: Robust Commercial Ramp-Up
ROBUST COMMERCIAL RAMP-UP Key enablers… …supporting positive commercial dynamic +$300m since Sellable Capacity (1) Order book ($m) October 2022 450 Gbps currently 1.3 tbps expected by Q4 2023 900 Fill rate of 5%, and 21% in Alaska in March ‘23 vs. 6% May ‘22 800 Terminal Avaibility (flat panel
Slide 29: Strong Distribution Network Across Key Verticals
STRONG DISTRIBUTION NETWORK ACROSS KEY VERTICALS Fixed Connectivity . Mobile Connectivity . Government Services Cellular Backhaul in Africa with Maritime: enabling coverage with $200m joint venture to bring high- Airtel densification in key areas speed satellite connectivity to Saudi Arabia an
Slide 30: Gen-2 to Unlock Significant Value at Optimized Cost
GEN-2 TO UNLOCK SIGNIFICANT VALUE AT OPTIMIZED COST Development to begin as soon as 2024 - Market-informed design process Bottom-up market analysis for right-sizing Ancillary payload to enable fleet expansion at minimum marginal cost - From 3 to 5 times the capacity of Gen-1 Bulkier and fewer satell
Slide 31: 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 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: 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 35: 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 36: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. Q3 FY 23 performance* 5. Strategy and Outlook 6. Appendix * Q3 FY 23 performance standalone 36
Slide 37: Highlights
HIGHLIGHTS • Q3 operating vertical revenues of €272m, down slightly QoQ. Nine- month operating revenues down -5.1%, at the mid-point of our Full Year 2022-23 revenue objective • • Improved trend in Government on the back of Airbus deal and ahead of entry into service of incremental capacity in FY 20
Slide 38: Q3 Revenues
Q3 REVENUES Q3 YoY revenue bridge (€m) Total revenues of €272m, down 7.5% like-for-like Positive currency effect -7.0% • €/$ rate of 1.07 vs 1.13 last year +7 0 (2) Negative swing of €2m in ‘Other Revenues’ (20) • Of which +€1m related to hedging 287 Revenues of the Operating Verticals down
Slide 39: Q3 FY 2022-23 Revenues by Application
Q3 FY 2022-23 REVENUES BY APPLICATION REVENUE REVENUES LIKE-FOR-LIKE2 CONTRIBUTION1 (€m) YOY CHANGE BROADCAST 157 -10.6% 58% DATA & 14% PROFESSIONAL 38 -7.3% VIDEO GOVERNMENT 11% SERVICES 31 -13.4% FIXED BROADBAND 7% 19 +7.3% MOBILE CONNECTIVITY 10% 27 +23.0% 1 Share of each application as a percent
Slide 40: Broadcast
BROADCAST 58% Q3 revenues of €157m, down 10.6% YoY 785 like-for-like1 • Full effect of the non-renewal of the Digitürk contract 523 495 • Lower revenues in Europe • Effect of sanctions against certain Russian and Iranian channels mainly impacting the Second Half of FY 2022-23 Q3 173 157 Q3 Eutel
Slide 41: Data & Professional Video
DATA & PROFESSIONAL VIDEO 14% Q3 revenues of €38m, down 7.3% YoY like-for- like1 • Q3 revenues down 4.7% QoQ 1 118 122 Improved volumes in Fixed Data • Partly offsetting impact of ongoing pricing pressure Slight deterioration in Professional Video Q3 40 38 Q3 • Phasing of a specific contract •
Slide 42: Government Services
GOVERNMENT SERVICES 11% Q3 revenues of €31m, down 13.4% YoY like- 108 98 for-like1 • Full negative carry-forward effect of recent US Department of Defence renewals, with in particular, a renewal rate of 65% in Fall 2022 • Partially offset by take-or-pay contract with Airbus Q3 35 31 Q3 Q3 revenu
Slide 43: Fixed Broadband
FIXED BROADBAND 7% Q3 revenues of €19m, up 7.3% like-for-like1 • Wholesale agreements with Orange, TIM, Hispasat 47 56 and Swisscom • Ramp-up of the African operations Q3 revenues up 3.5% QoQ1 19 Q3 Q3 17 Revenues expected broadly stable over 19 Q2 Full Year Q2 16 • Growth to re-accelerate in
Slide 44: Mobile Connectivity
MOBILE CONNECTIVITY 10% 57 83 Q3 revenues of €27m, up 23.0% YoY like-for- like1 • Ongoing positive momentum • Strong growth in Maritime 27 Q3 Q3 revenues down 4.1% QoQ 1 • Reflecting timing of commercialization of the third beam on Q3 21 30 Q2 EUTELSAT QUANTUM booked in Q2 with retroactive effec
Slide 45: Backlog & Fill Rate
BACKLOG & FILL RATE BACKLOG (€BN) OPERATIONAL & UTILIZED TRANSPONDERS Fill rate 70.7% 70.2% 67.8% 4.0 3.7 3.5 1,358 1,359 1,352 961 955 Operational 916 Transponders Utilized Of which Transponders Broadcast 63% 59% 58% 31 March 2022 31 Dec. 2022 31 March 2023 31 March 2022 31 Dec. 2022 31 March 2023
Slide 46: Agenda
AGENDA 1. Eutelsat in a snapshot 2. Key market trends 3. Combination with OneWeb 4. Q3 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. Q3 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: 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 >600 Global during FY24 450 Gbps now On track for >35° N 1.3 Tbps during FY24 coverage
Slide 63: 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 64: 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 65: 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 66: Looking Ahead: Update on the Combination
LOOKING AHEAD: UPDATE ON THE COMBINATION 14 November 2022 → Signing of the final combination agreement Q4 2022 / mid-2023 → Regulatory approvals By Q3 2023 → Extraordinary General Meeting of Eutelsat to approve the transaction → Closing Regulatory approval workstream progressing according to plan
Slide 67: 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 67
Slide 68: Launch of Eutelsat Konnect VHTS
LAUNCH OF EUTELSAT KONNECT VHTS Kourou, French Guiana, 7 September 2022 68 Pictures launch: Arianespace
Slide 69: 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) 69 Picture launch: SpaceX - EUTELSAT HOTBIRD 13F & HOTBIRD 13G
Slide 70: Launch of E10B
LAUNCH OF E10B Cape Canaveral, Florida – 22 November 2022 CONFIDENTIAL 70 Picture launch: SpaceX EUTELSAT 10B
Slide 71: 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] 71
Slide 72: 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)
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