Eutelsat Communications Sa · EURONEXT:ETL
Eutelsat Communications Sa — Q3 2016-17 Earnings Presentation
17 slides from Eutelsat Communications Sa's earnings presentation, May 11, 2017
Slide 1: Third Quarter 2016-17 Revenues
THIRD QUARTER 2016-17 REVENUES May 11, 2017
Slide 2: Agenda
Agenda 1 Recent highlights 2 Q3 2016-17 3 Outlook 2
Slide 3: Recent highlights
Recent highlights ► Q3 revenues down 4.9% reported and 4.2% like-for-like Revenues in line ► 9-month revenues down 3.3% reported and 2.0% like-for-like with expectations ► Financial outlook confirmed with Full Year revenues expected around the middle of the -1 to -3% range ► Outcome of Spring DoD re
Slide 4: Agenda: Q3 2016-17
Agenda 1 Recent highlights 2 Q3 2016-17 3 Outlook 4
Slide 5: Q3 2016-17 Revenues: €364m, down 4.2% like-for-like
Q3 2016-17 Revenues: €364m, down 4.2% like-for-like1 REVENUE REVENUES3 LIKE-FOR-LIKE4 CONTRIBUTION2 (€m) CHANGE CORE BUSINESSES Video 64% 228 -4.1% Fixed Data 12% 42 -12.6% Government 12% 45 -3.0% Services CONNECTIVITY Fixed 7% 24 +36.0% Broadband Mobile 5% 17 +21.1% Connectivity 1 At constant curre
Slide 6: Video
Video ► Q3 Revenues of €228m, down 4.1% REVENUES1 (€M) like-for-like ► Broadcast down 3.5% like-for-like • Contribution of incremental capacity launched during the course of last year, offset by: o Lower capacity leased at HOTBIRD Q4 236 o Lower revenues from Fransat ► Professional Video down 9.1% l
Slide 7: Video: focus on broadcast revenues
Video: focus on broadcast revenues €m +2% +4 +1 (7) (4) 212 206 Q3 2015-16 Underlying Currency HOTBIRD Fransat Q3 2016-17 proforma growth Underlying growth in Broadcast revenues of 2% 7
Slide 8: Fixed Data
Fixed Data REVENUES1 (€M) ► Q3 Revenues of €42m, down 12.6% like-for-like Q4 45 ► Ongoing pricing pressure in all Q3 47 Q3 geographies albeit at a slightly slowing 42 pace Q2 49 Q2 41 ► Improving trend with a 1.4% like-for- like decline Q-o-Q 52 Q1 Q1 43 FY 2015-16 FY 2016-17 1 Proforma revenues ref
Slide 9: Government Services
Government Services REVENUES1 (€M) ► Q3 Revenues of €45m, down 3.0% like- for-like Q4 41 ► Ongoing impact of lower renewals with US DoD in spring 2016 45 Q3 Q3 45 ► Favourable outcome of spring renewal campaign: Q2 47 • Spring renewal rate of circa 85% Q2 44 • New contracts representing an additiona
Slide 10: Fixed Broadband
Fixed Broadband REVENUES1 (€M) ► Q3 Revenues of €24m, up 36.0% y-o-y like-for-like ► Positive effect of the fully-leased HTS payload on EUTELSAT 65 West A Q4 22 Q3 24 ► Resilience of European broadband Q3 18 revenues Q2 24 ► African broadband initiative to be Q2 20 launched in June to support revenu
Slide 11: Mobile Connectivity
Mobile Connectivity REVENUES1 (€M) ► Q3 Revenues of €17m, up 21.1% like- for-like ► Full-quarter effect of the agreement with Taqnia for the lease of four spotbeams on the HTS payload of EUTELSAT 3B Q4 14 Q3 17 Q3 14 ► HTS Payload on EUTELSAT 172B and Q2 18 ramp-up of in-flight Mobility contracts Q2
Slide 12: Backlog and Fill Rate
Backlog and Fill Rate BACKLOG (€BN) OPERATIONAL AND LEASED TRANSPONDERS 1,326 1,374 1,285 5.9 5.3 929 940 937 5.2 Video 83% 84% 84% 31 March 2016 31 Dec. 2016 31 March 2017 Fill 31 March 2016 31 Dec. 2016 31 March 2017 72.3% 70.9% 68.2% rate Operational transponders leased transponders ► Backlog of
Slide 13: Agenda: Outlook
Agenda 1 Recent highlights 2 Q3 2016-17 3 Outlook 13
Slide 14: Financial Outlook
Financial Outlook ► FY 2016-17: around the middle of the -1 to -3% range REVENUES ► FY 2017-18: Broadly stable (At constant currency, and perimeter) ► FY 2018-19: Slight growth ► FY 2016-17 and FY 2017-18: above 76% EBITDA MARGIN1 ► FY 2018-19: heading towards 77% ► FY 2016-17 to FY 2018-19: CAPEX A
Slide 15: Appendices
APPENDICES a eutelsat
Slide 16: Future launches
Future launches EUTELSAT EUTELSAT AFRICAN Name 172 B EUTELSAT 7C 5 WEST B BBAND. SATELLITE Position 172° East 7° East 5° West TBD TBD Launch1 June 2017 H2 2018 H2 2018 2019 2019 Manufacturer Launcher TBD TBD TBD Asia-Pacific MENA Europe Flexible SSA Coverage SSA MENA Data Government Applications GS
Slide 17: Disclaimer
Disclaimer This presentation does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offer to buy any securities of Eutelsat Communications, nor should it, or any part of it, form the basis of or be relied on in connection with any contract or
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