Ugc Europe — Q3 2003 Earnings Presentation
21 slides from Ugc Europe's earnings presentation, Nov 14, 2003
Slide 1: Third Quarter Results
64 UNITED Be) :¥-NBCOM Third Quarter Results November 13, 2003
Slide 2: "Safe Harbor" Statement
“Safe Harbor” Statement “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in the following presentation, including thase items identified as guidance, are based upon the consummation of previously announced acquisitions and transactions and
Slide 3: Agenda
Agenda e What’s New? e Consolidated Financial Results e European Operations e Q&A
Slide 4: What's New?
What’s New? ® Strong Third Quarter Results ® Completion of European Restructuring e Exchange Offer for UGC Europe Shares ® Founders’ Sale to Liberty on Track e@ Other Events >» Restatement related to UPC Germany
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Slide 6: Third Quarter Highlights
Third Quarter Highlights @ Operating Results > Return to normalized subscriber growth in Europe; Continued performance in Chile > 300,000 net RGU adds since Q3’02 » 79,000 net adds in the quarter Total RGUS Voice & Internet Subs (0005) 8710 8,929 9,008 153014886 1371 Gl other Bi Voice i Europe Hi in
Slide 7: Third Quarter Highlights
Third Quarter Highlights e Cash Flow & Leverage » Capital expenditures of $95 million » Free cash flow positive in Q3 and YTD » Run-rate leverage of 5.3x Net Debt/EBITDA Capital Expenditures (US$mm) Pro Forma Leverage") 118% $95 $75 74x a Gi other 5K gay _ (J 6 03 02 92°03 03 03 YE2002 @1 a2 «3 4. R
Slide 8: Third Quarter Highlights
Third Quarter Highlights ® Quarterly Trends Adjusted EBIT Capital Expenditures $171 $149 $122 $335 g234 | $228 E\s/\B
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Slide 12: Consolidated Financial Results
12 Consolidated Financial Results om ($ Millions) Three Months Ended 03703 ey) Sep3003 Jun30°03 Sep30 ‘02 ee on Triple Play $178.8 $153.1 $86.9 106% 17% Other 74) @7) 84) 123% 101% Ongoing Operations ©) 1714 149.4 83.5 105% 18% Germany ® na. na 13 nm. nm. Total $171.4 $149.4 $84.8 102% 18% EBITDA Ma
Slide 13: Consolidated Financial Results
Consolidated Financial Results wee ($ Millions) Free Cash Flow Three Months Ended 93 03 03 03 vs, vs, Sep 3003 Jun30°03 Sep 30 02 03 02 Q2 03 Cash Flow from Ops $99.0 $100.3 $60.0) | -264% 2% Capital Expenditures (948) 747) (446) | 113% 27% Free Cash Flow @ $42 $25.6 + $(104.6) | 104% 85% Total Cash
Slide 14: Consolidated Financial Results
Consolidated Financial Results ($ Millions) Free Cash Flo Ye ate YTD 03 Sep30'03 Sep 90 02 YTD ‘02 Cash Flow from Operations “ $273.4 $(306.4) 189% Capital Expenditures (227.7) (234.1) 3% Free Cash Flow @ $457 — $(640.5) “108% Total Cash — Period End ® $3514 $556.9 nm. 41. Represents net cash flows
Slide 15: Chile
Chile (Financial data in US$ millions) RGUs (000s) 860 zap 823 DBrrienet Biveice Mivideo = Q3 02 0203 0303 Adjusted EBITDA $18.9 $165 $114 = 3 02 0203 0313 16 Revenue gsag $58.6 $472 j j Q3 02 0203 0303 Cap Ex $25.9 $16.0 $78 Q3 02 02°03 03 03 BBrriemnet Biveice Mivideo
Slide 16: Appendix
Appendix 1. Adlusted EBITDA is the primary measure used by our chief operating decision makers to evaluate seument-operating performance ‘and to decide haw ta allocate resources fo segments. "EBITDA" Is an acronym for earrings hefare interest, taxes, depreciation and amortization. As we use the tam,
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Slide 20: Appendix
Appendix TsciaK Use Tea ——TseToa IST loebe sure: pearl Mace in ‘Sl shore tt $005.45 $002 751 6.008 @ Notes payabl related pany ais = Tongass twats = tan z2s Curent orton of rior and senior discout notes 3388205 sarsana aise 301138 lCurert orton of oherlengerm debt. 2pi29 «TATE TSI gaa NRB TT subject
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Searchable text section of graphics shown above [LOGO] Third Quarter Results November 13, 2003 “Safe Harbor” Statement “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in the following presentation, including those items identified as guid