Digi Communications Nv · BVB:DIGI
Digi Communications Nv — Q1 2020 Earnings Presentation
20 slides from Digi Communications Nv's earnings presentation, 2020
Slide 1: Investor presentation: Financial Results for quarter ended March 31, 2020
Investor presentation Financial Results for quarter ended March 31, 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 Q1 2020
Highlights Q1 2020 Sustained Growth Profile REVENUES +11 % EUR 313.2 million group consolidated Revenues for Q1 2020 (+11% compared with previous period) RGU +9 % RGU YoY increase up to 16.5 million (+9% compared with previous period) Group EUR 97.5 million Adj EBITDA (excl IFRS 16) for Q1 2020 (+23
Slide 4: COVID-19 outbreak
COVID-19 outbreak Increased traffic during this period1 We have taken additional steps to ensure the health and Fixed +20-30% Internet safety of customers, employees and partners and the reliable delivery of services during the COVID-19 outbreak Mobile Internet +11% The Group ensured operational
Slide 5: Group overview
Group overview ‘Mil € Romania Hungary Spain Other4 Total3 Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, 2020 2020 2020 2020 2020 Revenues2 €193.2 m €52.3 m €62.6 m €6.1 m €313.2 m Adj. EBITDA €91.4 m €11.5 m €12.4 m (€0.5)m €114.7 m Adj EBITDA margin¹ 47.3% 21.9% 19.7% (8.7%) 36.6% Impact of IFRS 16 adopt
Slide 6: Financial highlights
Group Financial highlights Quarterly evolution YOY Key considerations % CAPEX/revenues Group revenue2 (€m) 26% 29% 27% 24% 27% +11% 313 280 6 Italy 5 63 • Continued growth profile 41 +11% 52 Spain 55 • Romania and Spain are the 311.4 313.2 Hungary main contributors to increase 294.1 299.4 281.2 181
Slide 7: Sustained growth momentum for Group's RGUs
Group Sustained growth momentum for Group’s RGUs RGUs (‘000) RGUs (‘000) Key considerations per business line per country +9% 16,535 +9% 16,535 15,212 15,212 752 DTH 238 Others 789 1,786 Fixed-line 201 • RGU growth in fixed services in telephony 2,176 Spain 1,863 +40% Romania 1,522 +14% 2,421 2,487
Slide 8: Strong sustained commercial success in Spain (1/2)
Strong sustained commercial success in Spain (1/2) Key milestones RGU1 (mm) Launch of new Reached 2 mil offer for bundle mobile RGUs unlimited national Launched fixed voice calls and 100 K fixed internet & data mobile data broadband Launch of and fixed MVNO in Reshuffle of RGUs commercial offer tele
Slide 9: 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 DIGI RGUs DIGI RGUs (‘000s) 9.3 9.5 Fixed Internet and Data (‘000s) +35%
Slide 10: Group Financial Profile
Group Financial Profile Financial liabilities as of Mar 31, 20201 Maturity profile Long term loans & Notes (Mil €) Amount Facility 450 (Mil €) 400 Senior Secured Notes 850.0 - - 2016 Senior Facility 163.4 167 Other long term debt 60.1 4 Other short term debt 45.1 - - 2021 2022 2023 2024 2025 2026 20
Slide 11: Appendix
LDical APPENDIX
Slide 12: Group overview
Group overview Total Romania Hungary Spain Other4 Service offering / RGUs Mar 31, 2020A (‘000s) CATV 3,713 692 - - 4,405 Fixed internet and data 2,875 749 113 - 3,737 Mobile telecommunication 3,476 122 2,019 238 5,855 services Fixed-line telephony 1,070 672 44 - 1,786 DTH 500 252 - - 752 Total RGUs
Slide 13: Romania (1/2)
Highlights Romania (1/2) Revenue and Adj EBITDA Results of Operations1 Key considerations • Main contributors to revenue growth: Three months • increase in our cable TV and fixed ended % change internet and data RGUs, ‘Mil € Mar 31, • increase in our mobile telecommunication services ARPU • prices f
Slide 14: Romania (2/2)
Highlights Romania (2/2) Subscribers Key considerations RGUs year ended Net Additions Mar 31, Thousand RGUs Last 12 Last 3 2019 2020 months months Cable TV 3,391 3,713 322 123 Fixed internet and data 2,590 2,875 285 100 Mobile telecommunications services1 3,404 3,476 72 34 Fixed-line telephony 1,167
Slide 15: Hungary (1/2)
Highlights Hungary (1/2) Revenue and Adj EBITDA (1) Results of Operations Key considerations Revenues Three months ended • Depreciation of 6.6% of average exchange % change ‘Mil € Mar 31, rate (Q1 2020/Q1 2019) • 1.2% decrease of revenues in constant 2019 2020 currency, mainly from the natural churn
Slide 16: Hungary (2/2)
Highlights Hungary (2/2) Subscribers Key considerations RGUs year ended Net Additions Mar 31, Thousand RGUs Last 12 Last 3 2019 2020 months months Increase in mobile RGUs Cable TV 692 692 - (2) Fixed internet and data 753 749 (4) (1) Mobile telecommunications services1 14 122 108 23 Fixed-line tel
Slide 17: Spain (1/2)
Highlights Spain (1/2) Revenue and Adj EBITDA (1) Results of Operations Key considerations Revenues Three months ended • New customer acquisitions as a result of % change ‘Mil € Mar 31, more attractive and affordable mobile and data offerings 2019 2020 Adj EBITDA Revenues 40.7 62.6 53.8% Main cont
Slide 18: Spain (2/2)
Highlights Spain (2/2) Subscribers Key considerations RGUs year ended Net Additions Mar 31, Thousand RGUs Last 12 Last 3 2019 2020 months months Fixed internet and data 19 113 94 32 Mobile telecommunications services1 1,496 2,019 523 125 Fixed-line telephony 7 44 37 13 Total 1,522 2,176 654 170 Co
Slide 19: Contact
Contact You can find us on: Web: www.digi-communications.ro Email: ipo.relations@digi-communications.ro
Slide 20: Q&A
Q&A