Digi Communications NV · BVB:DIGI
Digi Communications NV — Q2 2020 Earnings Presentation
21 slides from Digi Communications NV's earnings presentation, 2020
Slide 1: Investor presentation: Financial Results for quarter ended June 30, 2020
Investor presentation Financial Results for quarter ended June 30, 2020
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: The information in this document has been prepared by Digi Communications N.V., (the "Company“ or “DIGI”) and solely for use during the pres
Slide 3: Highlights Q2 2020
Highlights Q2 2020 Continued Growth Profile, overcoming pandemic economical challenges REVENUES EUR 310 million group consolidated Revenues +5 % for Q2 2020 (+5% compared with previous period) RGU +9 % RGU YoY increase up to 16.9 million (+9% compared with previous period) Group EUR 95.9 million Adj
Slide 4: COVID-19 outbreak
COVID-19 outbreak Up-dates Q2 Fixed and mobile networks have been working within normal parameters, coping with the increase in traffic Romania: -increase of usage for fixed internet and cable TV services for residential customers in the first half of Q2 but stabilized in the second half of Q2 -rece
Slide 5: Competition Council's authorization for network operation contracts by RCS & RDS
Competition Council’s authorization for conclusion of network operation’s contracts by RCS & RDS -On July 24, 2020, the Competition Council issued the authorisation for the economic concentration acomplished by RCS&RDS through gaining sole control over certain assets pursuant to the agreements enter
Slide 6: Group overview
Group overview ‘Mil € Total3 Romania Hungary Spain Other4 3m 6m 3m 6m 3m 6m 3m 6m 3m 6m June 30, June 30, June 30, June 30, June 30, June 30, June 30, June 30, June 30, June 30, 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Revenues2 €188.5 m €381.7 m €50.5 m €102.8 m €65.8 m €128.5 m €6.0 m €12
Slide 7: Financial highlights
Group Financial highlights Quarterly evolution YOY Key considerations % CAPEX/revenues Group revenue2 26% 29% 27% 28% (€m) +5% 310 294 6 6 Italy 66 • Continued growth profile, +5% 47 Spain despite challenges caused 55 50 EUR. M by the pandemic context Hungary 281.2 294.1 313.2 309.9 188 189 • Romani
Slide 8: Continued growth for Group's RGUs
Group Continued growth for Group’s RGUs RGUs (‘000) RGUs (‘000) Key considerations per business line per country +9% 16,853 +9% 16,853 15,485 754 15,485 DTH 245 1,760 Others 793 Fixed-line 213 • RGU growth in fixed services in telephony 2,283 Spain 1,837 1,680 +36% Romania 2,460 +14% 6,004 2,476 Hun
Slide 9: Strong sustained commercial success in Spain (1/2)
Strong sustained commercial success in Spain (1/2) RGUs Revenues & EBITDA RGU1 (thousand) +62% 2,283 14 12 11 +4% 1,522 12 +7% 10 +10% 2,098 9 +11% +6% 2,019 +9% 1,894 +12% 1,728 66 1,634 +10% 62 1,496 56 +18% +9% 50 46 40 +15% +40% +65% +48% 185 68 112 157 26 +77% 46 Q1 2019 Q2 2019 Q3 2019 Q4 2019
Slide 10: Strong sustained commercial success in Spain (2/2)
Strong sustained commercial success in Spain (2/2) Significant growth beyond initial market niche of Romanian community in Spain and successful diversification into fixed services Mobile Fixed services Critical success factors RGUs ARPU RGUs ARPU (‘000s) 9.4 9.4 (‘000s) Fixed Internet and Data +28%
Slide 11: Group Financial Profile
Group Financial Profile Financial liabilities as of June 30, 20201 Maturity profile Long term loans & Notes (Mil €) Amount Facility 450 (Mil €) 400 Senior Secured Notes 850.0 2016 Senior Facility 162.8 167 Other long term debt 70.1 4 Other short term debt 44.6 Other2 2021 2022 2023 2024 2025 2026 20
Slide 12: Q&A
Q&A
Slide 13: Appendix
LDical APPENDIX
Slide 14: Group overview
Group overview Total Romania Hungary Spain Other4 Service offering / RGUs June 30, 2020A (‘000s) CATV 3,801 682 - - 4,483 Fixed internet and data 2,979 737 136 - 3,852 Mobile telecommunication 3,525 136 2,098 245 6,004 services Fixed-line telephony 1,061 650 49 - 1,760 DTH 499 255 - - 754 Total RGUs
Slide 15: Highlights Romania (1/2)
Highlights Romania (1/2) Revenue and Adj EBITDA Results of Operations1 Key considerations • Main contributors to revenue growth: Three months Six months • increase in our cable TV and fixed % % internet and data RGUs ended ended ‘Mil € change change June 30, June 30, Main contributors to Adj EBITD
Slide 16: Highlights Romania (2/2)
Highlights Romania (2/2) Subscribers Key considerations RGUs period ended Net Additions June 30, Thousand RGUs Last 12 Last 3 2019 2020 months months Cable TV 3,447 3,801 354 88 Fixed internet and data 2,636 2,979 343 104 Mobile telecommunications services1 3,383 3,525 142 49 Fixed-line telephony 1,
Slide 17: Highlights Hungary (1/2)
Highlights Hungary (1/2) Revenue and Adj EBITDA (1) Results of Operations Key considerations Revenues Three months Six months • Depreciation of 8.8% of average exchange % % ended ended rate (Q2 2020/Q2 2019) ‘Mil € change change June 30, June 30, • 2% decrease of revenues in constant currency, mainl
Slide 18: Highlights Hungary (2/2)
Highlights Hungary (2/2) Subscribers Key considerations RGUs period ended Net Additions June 30, Thousand RGUs Last 12 Last 3 2019 2020 months months Increase in mobile RGUs Cable TV 696 682 (14) (10) Fixed internet and data 757 737 (20) (12) Mobile telecommunications services1 56 136 80 14 Fixed-
Slide 19: Highlights Spain (1/2)
Highlights Spain (1/2) Revenue and Adj EBITDA (1) Results of Operations Key considerations Revenues Three months Six months • Pace of RGUs growth picked up in Q2 % % ended ended change change Adj EBITDA June 30, June 30, ‘Mil € Main contributors: Interconnection expenses increase 2019 2020 2019
Slide 20: Highlights Spain (2/2)
Highlights Spain (2/2) Subscribers Key considerations RGUs period ended Net Additions June 30, Thousand RGUs Last 12 Last 3 2019 2020 months months Fixed internet and data 33 136 103 23 Mobile telecommunications services1 1,634 2,098 464 79 Fixed-line telephony 13 49 36 5 Total 1,680 2,283 603 107 •
Slide 21: Contact
Contact You can find us on: Web: www.digi-communications.ro Email: ipo.relations@digi-communications.ro