SES SA FDR (Class A) · EURONEXT:SESG
SES SA FDR (Class A) — SES — Investor Day (2010)
34 slides from SES SA FDR (Class A)'s investor day presentation, 2010
Slide 1: Investor Day 2010
Investor Day 2010 Robert BEDNAREK President and CEO
Slide 2: Agenda
Agenda Overview Satellite Fleet Key Segments and Applications • Key Demand Drivers by Market • Satellite Fleet Planning Path to Growth • Demand Overview and Key Drivers • Media Market • Enterprise Market • Government Market Summary 2
Slide 3: Overview
Overview SES proprietary information 3
Slide 4: Who We Are
Who We Are Our People Our Customers Created in late 2008 with the combination Over 550 customers in 100 countries of SES AMERICOM and SES NEW SKIES Media: 1,500 television channels 350 employees located across the globe including 100 HD channels globally Global reach, local presence: Princeton,
Slide 5: SES WORLD SKIES - Facts and Figures
SES WORLD SKIES - Facts and Figures MEUR YE 2009 Financial Data (As Reported) Total Business Segmentation (1) Segment Infrastructure Services Revenue 715.3 609.7 165.0 EBITDA 515.5 (1) 503.7 18.5 EBITDA Margin 72.1% 82.6% 11.2% Revenue Backlog (31 Dec 2009) 2,117 (2) Satellites 27 (2) 5 Satellites U
Slide 6: Key Segments and Applications
Key Segments and Applications Media Enterprise Government (42% Revenues) (33% Revenues) (25% Revenues) Cable Distribution Internet Backbone Military/government Broadcast Networks Platforms for Content Communications Delivery Direct-to-home (DTH) Diplomatic services VSAT for Private Rapid Emergency H
Slide 7: Satellite Fleet
Satellite Fleet SES proprietary information 7
Slide 8: Current Satellite Fleet – 27 satellites
Current Satellite Fleet – 27 satellites NSS9 Fleet configuration is based on current 183ºE planning and is subject to change AMC8 AMC7 13 7ºW 9º AMC10 1 13 W 3 AMC11 13 5ºW 1 Ciel2 129 ºW AMC21 12 º W 5º W AMC15, AMC18 105ºW 108.2ºE NSS11, SES-7 AMC1 103ºW AMC2, AMC4, SES-1 101ºW 95ºE NSS6 AMC3 87ºW
Slide 9: Fleet Expansion
Fleet Expansion New Satellite SES World Skies Incremental 36MHz Equivalent Transponder 300 Today Astra 2G - Payload Astra 2E - Payload SES-6 (NSS-806R) SES-5 (Sirius 5) - Payload 200 Astra 2F - Payload QuetzSat-1 SES-4 (NSS-14) SES-3 SES-2 100 SES-7 (Protostar-2) SES-1 (AMC-4R) NSS-12 0 2010 2011 20
Slide 10: Investing to Address Demand
Est. '09-17 Growth CAGR Txpdrs Emerging Markets Total: 4.1% 1,236 Asia Pacific 4.0% 500 Investing to Address Demand Middle East & Africa Russia & CIS Latin America 3.1% 5.0% 5.2% 287 131 318 North America Total: 0.6% 49 North America (DTH) 5.2% 80 North America (Excl DTH) -0.5% (31) World Skies Flee
Slide 11: Satellite Fleet in 2015
Satellite Fleet in 2015 NSS9 Fleet configuration is based on current 183ºE planning and is subject to change AMC8 AMC7 13 7ºW 9º AMC10 1 13 W 3 AMC11 13 5ºW 1 Ciel2 129 ºW AMC21 12 º W 5º W AMC15, AMC18 105ºW 108.2ºE NSS11, SES-7 SES-3 103ºW SES-1 101ºW 95ºE NSS6 SES-2 87ºW AMC16 85ºW AMC9 83ºW 26 S
Slide 12: Path to Growth
Path to Growth SES proprietary information 12
Slide 13: Forces Driving Growth
Forces Driving Growth Media Enterprise Government High Definition expansion Continued deregulation Geopolitical environment Emerging Market growth; and globalization Global coverage New DTH operators, Mobile phone proliferation Rapid deployment expanded channels and Last-mile access U.S. Gov’t chang
Slide 14: Projected Transponder Demand
Emerging Markets Fueling Growth Est. '09-17 Growth 6,000 CAGR Txpdrs Emerging Markets Total: 4.1% 1,236 Asia Pacific 4.0% 500 5,000 Middle East & Africa 3.1% 287 Russia & CIS 5.0% 131 Projected Transponder Demand Latin America 5.2% 318 4,000 North America Total: 0.6% 49 (Ku and C‐Band) North America
Slide 15: Media
Media SES proprietary information 15
Slide 16: Strong DTH Growth
Media Strong DTH Growth Broadcast Channel Growth by Satellite DTH Platforms: 18,000 16,000 US & Canada Latin America +5,300 Middle East & Africa Asia-Pacific 14,000 Channels in 12,000 next 8 Years 10,000 8,000 Emerging market platform and 6,000 channel expansion driving growth 4,000 US and Canada gr
Slide 17: HD Growth
Media HD Growth HD Channel Growth by Satellite DTH Platforms: +885 1,600 US & Canada Latin America 1,400 Middle East & Africa Asia-Pacific 1,200 HD Channels in 1,000 next 8 Years 800 600 Ciel-2 provided critical national, regional and local HD expansion 400 for the DISH Network service 200 QuetzSat-
Slide 18: DTH in Emerging Markets
Media DTH in Emerging Markets DTH expected to drive 300+ transponders of demand across Emerging Markets; ~30 new DTH platforms launched over last 3 years - Trend expected to continue Asia-Pacific* MAJOR MARKET DRIVERS: 2009-2017 Net TXP 134** • Telcos seeking DTH video bundle Growth • Increased dere
Slide 19: DTH in Latin America & Caribbean
Media DTH in Latin America & Caribbean Total DTH Channels for Latin America Newly Signed 3,500 Interactive Free-to-Air 3,000 High Definition CAGR: 8% FEATURED CUSTOMER Standard Definition 2,500 Puerto Rico DTH Channels 2,000 Long-term, multi-transponder deal on AMC-21 1,500 AMC-21 : high power + exc
Slide 20: DTH in Sub-Saharan Africa
Media DTH in Sub-Saharan Africa (SSA) Total DTH Channels for Sub-Saharan Africa 1,300 Interactive Free-to-Air 1,100 High Definition Standard Definition CAGR: 8% 900 Channels 700 Newly Signed 500 300 FEATURED CUSTOMER 100 SSA DTH 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 -100 Long-term,
Slide 21: South & South-East Asia - Case Study
Media South & South-East Asia - Case Study Total DTH Channels for South & South-East Asia 4,000 South Asia 3,500 CAGR: 7% South-East Asia NSS-12 @ 57°E NSS-6 @ 95°E NSS-11 @ 108.2°E SES-7 @ 108.2°E 3,000 Channels 2,500 2,000 1,500 1,000 500 0 FEATURED CUSTOMER 2008 2009 2010 2011 2012 2013 2014 2015
Slide 22: Enterprise
Enterprise SES proprietary information 22
Slide 23: VSAT Growth
Enterprise VSAT Growth Enterprise VSAT market continues strong growth Technological developments have lowered the cost of entry and operations Growth drivers are: Emerging markets; 9% and 7% global CAGR in government and services use; Value-added and real-time applications requiring higher bitrate T
Slide 24: VSAT in Africa - Case Study
Enterprise VSAT in Africa - Case Study Afsat Communications’ iWay is a Kenya-based pan- African ISP serving corporate enterprise and broadband access networks Services offered through a network of 41 distributors in 30 African countries Pan Africa Internet and Afsat terminals served by NSS 5/7 in We
Slide 25: Emerging Broadband Demand
Enterprise Emerging Broadband Demand FEATURED CUSTOMER India VSAT Long-term, multi-transponder on NSS-11 and NSS-12 • Bharti Airtel chosen to deploy India’s Gujarat State’s e- GRAM program to bridge the digital divide • e-GRAM’s rural telecom infrastructure initiative connects 13,716 villages • Depl
Slide 26: Government
Government SES proprietary information 26
Slide 27: Strategic review resulted in the creation of new business unit
Strategic review resulted in the creation of new business unit • Single SES focal point for all U.S. Government activities • Alignment with new U.S. Government procurement policy to increase level of direct contracting with Satellite Operators • Increased level of participation with the USG sector t
Slide 28: Strong Government Demand
Government Strong Government Demand U.S. Government remains the single largest user of satellite capacity in the world. 80% of U.S. Government satellite capacity is supplied by commercial operators Newly Signed Other governments’ increasing satellite usage driven by both civilian and military requir
Slide 29: U.S. Navy Commercial Broadband Satellite Program
Government U.S. Navy Commercial Broadband Satellite Program CBSP formalizes inclusion of X- and Ku-bands in the U.S. Navy’s network architecture Migration from L-band to Ku-band frequencies Integrates shore segments and end-to-end service Expected FSS capacity increase by 300% (~20 transponder equiv
Slide 30: UAVs - Key Demand Driver
Government UAVs - Key Demand Driver Primarily used for security and surveillance UAV missions are bandwidth UAV Growth intensive; Future UAVs to •UAV hardware spending expected include an increased number to grow from 4.8 BUSD to 11.5 and variety of sensors BUSD in ten years •Strong growth in the nu
Slide 31: Summary
Summary Capital investment program to deliver 30% increase in capacity by end- 2014 Clear growth drivers, especially in emerging markets New capacity is going where the demand is SES AMERICOM – SES NEW SKIES integration was a resounding success 31
Slide 32: Appendix
Appendix SES proprietary information 32
Slide 33: Change to Transponder Count Basis
Change to Transponder Count Basis SES WORLD SKIES is proposing from now on to report capacity in terms of 36 MHz-equivalent transponders Rationale: • The international fleet uses transponders of varying bandwidths • Physical transponder count does not fully reflect the scale of marketable capacity •
Slide 34: Transponder count in 36 MHz-equivalents
Transponder count in 36 MHz-equivalents 31 December 2009 Transponder Metric Conversion Util. Avail. Util. % The New Basis I. Reported Physical Txpdrs: • Conversion of transponder North America 360 469 76.8% reporting from physical International Fleet 273 315 86.7% Total World Skies Reported 633 784