Shenandoah Telecommunications Co · NASDAQ:SHEN
Shenandoah Telecommunications — Corporate Update (February 2012)
12 slides from Shenandoah Telecommunications's corporate update, Feb 6, 2012
Slide 1: Investor Conference Call
Investor Conference Call February 6, 2012
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our business strategy, our prospects and our financial position. Th
Slide 3: Chris French, CEO and President
Chris French CEO and President
Slide 4: Network Vision Benefits
Network Vision Benefits q Keeps Shentel’s network aligned with Sprint’s q Allows Shentel to remain competitive with Verizon and AT&T q Improve customers’ experience q Launch LTE as early as Q3 2012 q Provide better in building and overall coverage q Gives Shentel potential to leverage investment q C
Slide 5: Sprint Amendment Key Points
<0 SHENTEL Q Complete upgrade by December 31, 2013 » Best efforts requirement Q Initial 20 year contract extended five years from November 2019 to November 2024 » Retain the two ten-year extensions QO Continues to limit level of future capital expenditures that Sprint can require
Slide 6: Sprint Amendment Key Points (continued)
Sprint Amendment Key Points (continued)
Slide 7: Capital Plan
<0 SHENTEL Q Capital Plan » Planning and pre-construction underway » Start deployment in Q2 2012 Q Capital cost of upgrading to Network Vision is approximately $115M » $60M in 2012 » $55Min 2013 Q Anticipate continued customer growth, requiring additional capacity; the total wireless capital budget
Slide 8: Adele Skolits, CFO and VP of Finance
Adele Skolits CFO and VP of Finance
Slide 9: Effect on Financial Results
<0 SHENTEL Q Continue to compete effectively for wireless customers » More than 5% growth in postpaid customers in each of last three years » Prepaid customers have more than doubled since July 2010 » Sustaining this growth not possible absent a robust 4G network Q Opportunity to convert iDEN subscr
Slide 10: Effect on Financial Results (continued)
Effect on Financial Results (continued)
Slide 11: 2012 Capital Expenditures
2012 Capital Expenditures Wireless $81.9M Cable $34.2M Wireline $15.3M Management $ 7.0M Shentel Total $138.4M Credit Facilities
Slide 12: <0” SHENTEL
<0” SHENTEL
Shenandoah Telecommunications — Corporate Update (February 2012) on 6ix