Shenandoah Telecommunications Co · NASDAQ:SHEN
Shenandoah Telecommunications — Shareholder Meeting (April 2015)
38 slides from Shenandoah Telecommunications's shareholder meeting presentation, Apr 22, 2015
Slide 1: 2015 Shareholder Meeting
April 21, 2015 2015 Shareholder Meeting Exhibit 99.1
Slide 2: Management Reports: Chris French; Safe Harbor Statement
Management Reports Chris French President and CEO * 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 st
Slide 3: Safe Harbor Statement
Safe Harbor StatementThis 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. The
Slide 4: Use of Non-GAAP Financial Measures
* Use of Non-GAAP Financial Measures Included in this presentation are certain non-GAAP financial measures that are not determined in accordance with US generally accepted accounting principles. These financial performance measures are not indicative of cash provided or used by operating activities
Slide 5: Record Financial Results
* Record Financial Results 2012 2013 2014 Revenue Net Income Earnings per Share (Diluted) Dividend x x
Slide 6: Cash Dividend History (per Share, Split Adjusted)
* Cash Dividend History (per Share, Split Adjusted) x x
Slide 7: Earnings Per Share (Diluted)
* Earnings Per Share (Diluted) x x
Slide 8: Total Long Term Debt to Assets
* Total Long Term Debt to Assets (in millions) Debt as % of Assets 12% 42% 38% 39% 41% 36%
Slide 9: Stock Price (Nov 2011 – Apr 2015)
* Stock Price (Nov 2011 – Apr 2015) Note: Stock prices through April 15, 2015
Slide 10: Data Growth
Data Growth 1000 3 = Wireless g Monthly Average Total Terabytes > 8 8 2010 2011 2012 2013 2014
Slide 11: Data Growth
Data Growth Monthly Average Total Terabytes 3500 500 , — @ Wireless Cable 2010 2011 2012 ail 2013 2014 "1
Slide 12: Wireless Highlights
* Wireless Highlights Postpaid Growth Postpaid customers up 5.2% over last 12 months.2% over last 12 Prepaid GrowthPrepaid customers up 5.9% over last 12 monthsof $5.7 million, or 9.0%
Slide 13: Cable Revenue Generating Units
* Cable Revenue Generating Units (in thousands) (Year End)
Slide 14: Fiber Network, Mid-Atlantic Region
* Fiber Network, Mid-Atlantic Region PA VA MD WV
Slide 15: Fiber Network, Local
Fiber Network, Local rr) Spruce Knob Seneca Rocks National. & Rojorie S @ eed rat \g i=) oo oe D @ @ anes cS) & 15
Slide 16: Fiber and Tower Lease Revenue
* Fiber and Tower Lease Revenue (in millions)
Slide 17: Access Revenue
* Access Revenue (in millions)
Slide 18: Regulatory Uncertainties
* Regulatory Uncertainties Broadband Regulation via Title IIIncluding “Net Neutrality”Universal Service FundConnect America Fund
Slide 19: Rural Service Areas
Rural Service Areas if ASHENTEL 19
Slide 20: Employees
Employees ASHENTEL 20
Slide 21: Management Reports: Earle MacKenzie, EVP and COO
Management Reports Earle MacKenzie EVP and COO
Slide 22: PCS Postpaid Subscribers
* PCS Postpaid Subscribers (in thousands) (Year End)
Slide 23: PCS Postpaid Gross Billed Revenue per User
* PCS Postpaid Gross Billed Revenue per User
Slide 24: PCS Prepaid Gross Billed Revenue per User
* PCS Prepaid Gross Billed Revenue per User
Slide 25: How Does Shentel's Wireless Compare?
* How Does Shentel’s Wireless Compare? * Total Subs includes Wholesale Subscribers and Connected Device data plans.** AT&T added 4.5 million prepaid subscribers in 2014 by acquiring Leap. These subscribers were excluded from net adds and % growth.
Slide 26: Cable Revenue Generating Units
* Cable Revenue Generating Units (in thousands) (Year End) x Customers 68,385 69,538 71,298
Slide 27: Cable Average Monthly Revenue per Customer
* Cable Average Monthly Revenue per Customer
Slide 28: How Does Shentel Cable Compare?
* How Does Shentel Cable Compare? * Note: Information for Industry and Peer Averages from SNL Kagan as of 12/31/14. Selections for the peer group include peers with numbers of homes passed similar to that of Shentel. (Year End)
Slide 29: Wireline Customers
* Wireline Customers (Year End)
Slide 30: New Fiber Lease Contracts Signed
* New Fiber Lease Contracts Signed (in millions)
Slide 31: Major Upgrades Completed – CapEx Spending
* Major Upgrades Completed – CapEx Spending (in millions) Note: CapEx spending shown above excludes the effects of unpaid invoices at year end on annual amounts as reflected in cash flow schedules.
Slide 32: Management Reports: Adele Skolits, VP of Finance and CFO
Management Reports Adele Skolits VP of Finance and CFO
Slide 33: Consolidated Operating Revenues
* Consolidated Operating Revenues (in millions)
Slide 34: Mix of Revenues
* Mix of Revenues (in millions)
Slide 35: Mix of Operating Expenses
* Mix of Operating Expenses (in millions) Note: 2012 includes $11.0 in Goodwill Impairment charges and $6.1 in favorable adjustments for prior year Prepaid activities.
Slide 36: Operating Income
* Operating Income (in millions)
Slide 37: Operating Cash Flow Less Capital Spending
* Operating Cash Flow Less Capital Spending (in millions)
Slide 38: 2015 Shareholder Meeting
April 21, 2015 2015 Shareholder Meeting
Shenandoah Telecommunications — Shareholder Meeting (April 2015) on 6ix