VEON Ltd. ORD · RUS:VEON-RX

VEON Ltd. ORD — VimpelCom — Renaissance Capital Investor Conference 2013

63 slides from VEON Ltd. ORD's conference presentation, June 2013

  1. Slide 1: It's all about Creating Value

    “It’s all about Creating Value” © VimpelCom Ltd 2013 Renaissance Capital Investor Conference Moscow, June 2013 Dmitriy Afinogenov Chief Financial Officer Business Unit Russia Gerbrand Nijman Group Director & Head of Investor Relations 1

  2. Slide 2: International Telecoms Operator with Attractive Emerging Markets Exposure

    International Telecoms Operator with Attractive Emerging Markets Exposure Mobile 215 million* subscribers Population covered 753 million*** © VimpelCom Ltd 2013 Countries 17 Number of Brands 10 No 7 Total Operating USD 23.0 billion* Revenue Mobile Operator in the EBITDA USD 9.8 billion* world** * 1Q

  3. Slide 3: Clearly Defined Strategic Focus for 2013 – 2015

    Clearly Defined Strategic Focus for 2013 – 2015 Value Agenda Stakeholder Value 4 Win in mobile data Profitable Growth 5 Grow beyond the core © VimpelCom Ltd 2013 (MFS, OTTs) 1 Create superior Customer Increase Operational customer experience 6 Drive cost efficiency Excellence Net Cash Excellence 2 O

  4. Slide 4: Achieving Business Excellence

    Achieving Business Excellence The VimpelCom Way Passionate Professional Leadership Empower employees to Admired for customer Passion and commitment to perform at the highest level experience and operational achieve exceptional results and lead with a focus on excellence execution © VimpelCom Ltd 201

  5. Slide 5: Continued Profitable Growth in 1Q13

    Continued Profitable Growth in 1Q13 Despite Impact of Regulatory and Governmental Measures Revenues EBITDA EBITDA margin Total mobile subscriber (USD billion) (USD billion) (%) Base (million) 5.6 2.3 42.0 215 © VimpelCom Ltd 2013 (+1% organic) (+3% organic) (+0.9 p.p.) (+4%) Net income* Net cash fro

  6. Slide 6: Recent Key Developments

    Recent Key Developments • Final dividend 2012 and extra-ordinary dividend for a total of USD 2.0 billion or USD 1.14 per share • Reaffirmed dividend guidelines of at least USD 0.80 per common share* • Sold stake in Cambodia © VimpelCom Ltd 2013 • Successfully issued EUR 575 million bonds through a s

  7. Slide 7: Operations Cash Flow Improvement Potential

    It’s all about Creating Value Operations Cash Flow Improvement Potential Improve cash flow* by USD 2 billion in 2013 – 2015 © VimpelCom Ltd 2013 Operational value creation plans in all BU’s ► Profitable growth ► Operational excellence USD 1.5 billion ► Customer excellence ► Capex efficiency USD 0.5

  8. Slide 8: Finance Cash Flow Improvement Potential

    It’s all about Creating Value Finance Cash Flow Improvement Potential Improve cash flow by USD 0.6 – 0.9 billion per year over 2013 - 2015 ► In-house bank USD 200 – 250 million per year © VimpelCom Ltd 2013 ► Debt optimization USD 100 – 175 million per year ► Gross debt reduction USD 250 – 350 milli

  9. Slide 9: Achieving Ambitious Objectives: Group Objectives 2013-2015

    It’s all about Creating Value by Achieving Ambitious Objectives Group Objectives: 2013-2015 Revenue Mid single digit CAGR © VimpelCom Ltd 2013 EBITDA Mid single digit CAGR CAPEX /revenue ~ 15%* Net debt / EBITDA < 2* The above objectives assume: constant currency, no major regulatory changes, curren

  10. Slide 10: Cash Returns to Shareholders Objectives

    Cash Returns to Shareholders Objectives Dividends (USD million) 2,003 Per share 1,227 1,302 1,388  Extraordinary dividend 0.79 0.80  Ordinary dividend 0.79 © VimpelCom Ltd 2013 615 0.35 2011 2012 2013 2011 2012 2013 #shares outstanding 1.628 bn 1.628 bn 1.757 bn Dividend guideline* • Intention to

  11. Slide 11: On track to deliver on the Value Agenda 2013-2015

    On track to deliver on the Value Agenda 2013-2015 • Continued profitable growth Group Objectives 1Q13 Assumptions 2013-2015 Revenues +1% © VimpelCom Ltd 2013 Mid single digit CAGR • Constant currency basis 2012 Revenues (excl. MTR cut in Italy) +4% • No major regulatory changes EBITDA +3% Mid single

  12. Slide 12: VimpelCom is Committed to Driving and Delivering Value

    VimpelCom is Committed to Driving and Delivering Financial, Operating, and Shareholder Value Attractive footprint benefitting increasingly from mobile data growth Strong presence in underpenetrated markets with significant growth potential © VimpelCom Ltd 2013 € Solid cash generation from core opera

  13. Slide 13: Creating Value in Russia

    Creating Value in Russia © VimpelCom Ltd 2013 13

  14. Slide 14: It's all about Creating Value: What it IS about

    It’s all about Creating Value What it IS about VimpelCom‘s value • Focus on profitable growth creation philosophy is based on ► Grow in mobile data Performance Increase efficiencies by strong execution of © VimpelCom Ltd 2013 ► Management and Empowered BU the operational excellence program and Manag

  15. Slide 15: Mobile Data to Grow in Russia with 30% CAGR

    Mobile Data to Grow in Russia with 30% CAGR Russian Telecoms Market Dynamics* (Revenues in RUB billion) 1,557 CAGR, % 1,509 1,459 2012-2015 1,406 Telecom Market +3.5% © VimpelCom Ltd 2013 757 758 730 749 Mobile voice +1% + messaging 334 Fixed Voice -3 % 345 370 358 123 161 205 Mobile Data +30% 93 21

  16. Slide 16: Competitive Situation and Market Trends - Russia

    Competitive Situation and Market Trends - Russia Mobile* Mobile market share* • ~90 % pre-paid market (on Revenues), % • 165% penetration VimpelCom 28.4 26.4 26.3 25.3 • 3 major players (Megafon, MTS and VimpelCom) with comparable market shares • ARPU USD 10 Megafon 26.4 26.2 28.3 29.0 Fixed* © Vimp

  17. Slide 17: Russia Performance 1Q13

    Russia Performance 1Q13: Continued Positive Operational Development Revenues EBITDA and EBITDA Margin CAPEX* (RUB billion) (RUB billion) (RUB billion) +5% YoY +6% YoY 50.7 51.3 70.3 74.5 73.6 32.2 30.4 29.3 67.0 70.1 27.7 30.3 12.3 12.6 12.1 12.0 11.4 43.1% 43.2% 18% 18% 41.3% 41.3% 41.8% © VimpelCo

  18. Slide 18: Operating Highlights Russia

    Operating Highlights Russia Mobile subscribers ARPU and MOU (million) (RUB) (min) flat YoY +2% YoY ARPU +9% YoY MOU 55.6 336 352 343 56.2 56.1 55.7 321 55.7 314 282 290 279 277 254 © VimpelCom Ltd 2013 1Q12 2Q12 3Q12 4Q12 1Q13 1Q12 2Q12 3Q12 4Q12 1Q13  ARPU  MOU Broadband subscribers Broadband ARP

  19. Slide 19: Strategic Initiatives Pursued to Achieve Group Objectives

    10 Strategic Initiatives Pursued to Achieve Group Objectives Create Superior Win in Mobile Data Customer Experience Value Agenda 4 Focus on small & medium screens 1 Improve network quality and launched a Stakeholder Value Grow Beyond the Core (MFS, comprehensive Customer OTTs) Experience Program Par

  20. Slide 20: Approach: waves of operational improvement journey

    Approach: 3 waves of operational improvement journey Frontline transformation (Lean) 2013- Direction and control Structural transformation 2012 2011-2012 © VimpelCom Ltd 2013 Example • Domestic acquisitions • Head count reduction • Continue implementation of- of “big • Outsourcing of Network (normin

  21. Slide 21: Increased investments to significantly improve network quality

    Increased investments to significantly improve network quality Objectives of network quality improvement program • Targeted investments in network quality © VimpelCom Ltd 2013 ► Increased investments (CAPEX/revenue of 22%) supported by CAPEX efficiency initiatives target to improve network quality a

  22. Slide 22: Momentum in 2013 3G roll out

    Momentum in 2013 3G roll out will ensure significant increase in NW quality throughout Russia Actual Russia Moscow Comment Plan >2x growth •Russia: ~700 NodeBs launched in 25.3 NodeBs 18.7 19.4 1Q13 (2 times more than 1Q12) # 1000s •Moscow: Installed NodeBs increased by +21% in 1Q13 vs. 2012 EOY © V

  23. Slide 23: Data speed in Moscow is sufficient for majority of users

    Data speed in Moscow is sufficient for majority of users, and will be for all target users by EOY 2013 X / Y% Subscriber share / Data revenue share Downlink speed Required d-link speed1 User base Mbps Vimpelcom d-link speed2 ▪ VimpelCom has satisfactory service levels for Entry- ~3 and Mid-level mob

  24. Slide 24: Achieving sustainable profitable growth

    Achieving sustainable profitable growth • Sustainable turnaround in Russia • Catching up in network quality in 2013 • Optimize distribution to support data strategy and customer experience © VimpelCom Ltd 2013 • Strong growth of data revenues, targeting small and medium screens • Focus on profitabil

  25. Slide 25: Further information

    Further information Investor Relations Claude Debussylaan 88 1082 MD Amsterdam The Netherlands © VimpelCom Ltd 2013 T: +31 20 79 77 234 E: Investor_Relations@vimpelcom.com Visit our new website Install VimpelCom www.vimpelcom.com iPad App 25

  26. Slide 26: Appendices

    © VimpelCom Ltd 2013 26 Appendices

  27. Slide 27: Key Strategic Milestones

    Key Strategic Milestones Acquisitions: VimpelCom and Kyivstar merged into - 100% of URS (Ukraine) a new entity VimpelCom Ltd. 200 Mobile subscriber base surpassed - 60% of Tacom (Tajikistan) 200 million mark in VimpelCom founded by a Russian scientist and an American entrepreneur Headquarters moved

  28. Slide 28: Balanced Portfolio with Attractive Growth Profile

    Balanced Portfolio with Attractive Growth Profile Revenue EBITDA Total Operating Revenue Emerging Market Exposure USD billion 1Q13 LTM 1Q13 LTM Emerging markets 70% 73% Mobile subs* 215 (million) Mobile* 19 Population covered** 753 30% 33% © VimpelCom Ltd 2013 - of which Emerging Market 657 USD 40%

  29. Slide 29: Strong Management Team with Empowered BU Management

    Strong Management Team with Empowered BU Management Jo Lunder CEO Jan Edvard Thygesen Henk van Dalen Deputy CEO and COO CFO © VimpelCom Ltd 2013 Group Executive Board Anton Maximo Ahmed Igor Dmitry Taras Kudryashov Ibarra Abou Doma Lytovchenko Kromsky Parkhomenko Russia Italy Asia & Africa Ukraine C

  30. Slide 30: VimpelCom Financials

    VimpelCom Financials © VimpelCom Ltd 2013 30

  31. Slide 31: Financial Performance 1Q13: Delivering Profitable Growth

    Financial Performance 1Q13: Delivering Profitable Growth GROUP BUSINESS UNITS (USD million) 1Q13 1Q12 YoY Revenue EBITDA Revenues 5,591 5,619 0% FX and FX and Organic Reported Organic Reported EBITDA 2,348 2,311 2% others others D&A/Other (1,241) (1,296) -4% Russia 5% -1% 4% 6% -1% 5% EBIT 1,107 1,0

  32. Slide 32: Well Balanced Debt Composition and Maturity Profile

    Well Balanced Debt Composition and Maturity Profile Group Debt Maturity Schedule per 31 March 2013 (adjusted for recent transactions after 1Q13) Issuance of SSN by Wind in April 2013 9.0 Proceeds Proceeds Eurobonds Eurobonds used for for repayment repayment Wind 5.9 OTH VimpelCom/OJSC © VimpelCom Lt

  33. Slide 33: Simplified Legal / Financing Structure per March 2013

    Simplified Legal / Financing Structure per 31 March 2013 VimpelCom Group VimpelCom Ltd. VIP USD 4.2 bn OJSC Group USD 9.5 bn VimpelCom Wind Group USD 14.0 bn Amsterdam B.V. OTH Group USD 0.9 bn Gross debt USD 28.6 bn VimpelCom Holdings VimpelCom Amsterdam WIND Telecom B.V. Finance B.V. S.p.A. I © Vi

  34. Slide 34: Granular P&L Focus

    Granular P&L Focus Cash-flow scheme ambition Levers to be used VimpelCom FY12 Revenue 100% 100% A Superior pricing and Cost of traffic 15-20% profitable growth 26% © VimpelCom Ltd 2013 Service margin 80-85% 74% Commercial costs ~20% B Optimize distribution 10% and reduce churn Business margin 60-65%

  35. Slide 35: Financial Standing

    Financial Standing • Maintain BB rating short term • Moving towards < 2 times Net Debt to EBITDA ► Secure operating performance Investment Grade © VimpelCom Ltd 2013 ► Secure cash flow upstreaming ► Gross debt to be around 3 times EBITDA maximum • Flexible access to capital • Grow to BB+ / BBB- mark

  36. Slide 36: Diversified Funding Structure

    Diversified Funding Structure Sources • Eurobonds, Ruble bonds, Dollar bonds • Bilateral (local) Bank Facilities • ECA covered Facilities ++ © VimpelCom Ltd 2013 • Committed revolving credit facilities ++ Balanced Maturities Flexibility Source Mix Intercompany Funding ++ 36

  37. Slide 37: Finance Optimization

    Finance Optimization Focus Measures • Deleverage → reduce gross debt • Maximize intercompany funding • Restructuring expensive debt • Establish in-house bank, utilize © VimpelCom Ltd 2013 tax losses • Full tax deductibility of interest • Maximize direct dividend / cash • Lock in “capital losses” tim

  38. Slide 38: Group Optimum Tax and Funding Model by 2015

    Group Optimum Tax and Funding Model by 2015 External VIP Ltd Dividends to VIP parties (NL) shareholders Dividends VIP AMS Group Equity (NL) Debt © VimpelCom Ltd 2013 Dividends In-house bank VIP HOL (LUX) (NL) IC loan funding Equity Dividends Minimal Local debt Cash generating entities Other operatin

  39. Slide 39: Principles of In-house Bank

    Principles of In-house Bank In-house bank structure In-house bank activities External parties VimpelCom Ltd. • Optimization of capital structure Debt Equity • (Excess) cash management • Intercompany funding for CAPEX In-house bank • Intercompany funding for acquisitions © VimpelCom Ltd 2013 Intercom

  40. Slide 40: Business Units Performance 1Q13

    Business Units Performance © VimpelCom Ltd 2013 1Q13 40

  41. Slide 41: Clear Defined Strategic Priorities in Businesses

    Clear Defined Strategic Priorities in Businesses Russia Italy • Operational excellence initiatives continue in 2013 • Confirming WIND leadership in customer satisfaction • Network sharing and efficiency projects • Focus on distribution, customer retention and high value growth • Growth in mobile dat

  42. Slide 42: Business Dashboard 1Q13

    Business Dashboard 1Q13 Russia Italy Revenues + 5% RUB 70.1 bn EBITDA Revenues - 9% +1%*EUR 1.2 bn EBITDA margin margin EBITDA + 6% RUB 29.3 bn 41.8% EBITDA - 5% +2%*EUR 0.5 bn 37.5% Mobile Sub 0% 56 mln Mobile Sub + 4% 22 mln Mobile ARPU + 2% RUB 321 Mobile ARPU -16% EUR 12 © VimpelCom Ltd 2013 Ukr

  43. Slide 43: Italy Performance 1Q13: Continued Market Outperformance

    Italy Performance 1Q13: Continued Market Outperformance Total Revenues EBITDA and EBITDA Margin CAPEX* (EUR million) (EUR million) (EUR billion) -9% YoY -5% YoY Excluding MTR +1% YoY Excluding MTR +2% YoY 0.9 0.9 1,383 487 524 537 514 1,346 1,329 1,369 461 1,229 363 368 370 369 341 17% 17% 132 140 6

  44. Slide 44: Operating Highlights Italy

    Operating Highlights Italy Mobile subscribers ARPU and MOU (million) (EUR) (min) +4% YoY -16% YoY ARPU +5% YoY MOU 22.0 14.7 15.0 14.0 13.7 21.6 12.4 21.5 205 209 202 212 216 21.1 21.2 © VimpelCom Ltd 2013 1Q12 2Q12 3Q12 4Q12 1Q13 1Q12 2Q12 3Q12 4Q12 1Q13  ARPU  MOU Broadband subscribers* Broadban

  45. Slide 45: Africa & Asia Performance 1Q13

    Africa & Asia* Performance 1Q13: Subscriber Growth Despite Regulatory and Governmental Measures Revenues EBITDA and EBITDA Margin CAPEX** (USD million) (USD million) (USD million) -7% YoY -3% YoY Organic -1% YoY Organic +2% YoY 400 466 361 424 424 426 412 927 953 904 937 864 48.9% 46.9% 47.7% 45.7%

  46. Slide 46: Algeria Performance 1Q13: Resilient market leadership

    Algeria Performance 1Q13: Resilient market leadership Revenues EBITDA and EBITDA Margin CAPEX** (DZD billion) (DZD billion) (USD million) Organic -1% YoY Organic -2% YoY 60.0% 60.3% 58.3% 59.0% 59.2% 58 45 34.3 35.8 36.2 37.0 34.1 20.6 21.6 21.2 21.8 20.2 © VimpelCom Ltd 2013 3% 3% 1Q12 2Q12 3Q12 4Q

  47. Slide 47: Pakistan Performance 1Q13

    Pakistan Performance 1Q13: Healthy growth despite the challenging operating environment Revenues EBITDA and EBITDA Margin CAPEX** (PKR billion) (PKR billion) (USD million) Organic +5% YoY Organic +5% YoY 12.0 11.7 11.5 10.9 11.0 185 25.9 27.2 25.5 27.2 27.2 42.2% 44.1% 43.0% 43.1% 42.3% 16% 93 © Vim

  48. Slide 48: Bangladesh Performance 1Q13

    Bangladesh Performance 1Q13: Negatively impacted by disconnection of VoIP customers Revenues EBITDA and EBITDA Margin CAPEX** (BDT billion) (BDT billion) (USD million) Organic -13% YoY Organic +5% YoY 125 4.4 4.2 3.8 95 3.6 3.5 10.7 11.6 11.8 11.2 9.3 41.3% 23% 34.0% 38.0% 37.3% 18% 29.4% © VimpelCo

  49. Slide 49: Ukraine Performance 1Q13

    Ukraine Performance 1Q13: Migration to Bundled Offerings Completed Revenues EBITDA and EBITDA Margin CAPEX* (UAH billion) (UAH billion) (UAH billion) +3% YoY -1% YoY 3.6 1.8 1.8 3.2 3.5 3.2 1.6 1.6 3.0 1.6 Thousands 0.3 0.3 1.8 1.8 0.2 0.3 0.3 51.1% 50.2% 51.2% 52.5% 49.0% © VimpelCom Ltd 2013 3.3 1

  50. Slide 50: CIS Performance 1Q13: Profitable Growth

    CIS* Performance 1Q13: Profitable Growth Revenues EBITDA and EBITDA Margin CAPEX** (USD million) (USD million) (USD million) +19% YoY +37% YoY Organic +20% YoY Organic +38% YoY 478 488 234 235 451 220 378 411 38 38 38 413 39 182 384 36 161 49.0% 48.1% 48.8% © VimpelCom Ltd 2013 440 449 412 44.3% 22%

  51. Slide 51: Kazakhstan Performance 1Q13

    Kazakhstan Performance 1Q13: Improving EBITDA margin in a highly competitive market Revenues EBITDA and EBITDA Margin CAPEX** (KZT billion) (KZT billion) (KZT billion) flat YoY +3% YoY 26.7 Organic +1% YoY Organic +5% YoY 32.6 32.1 16.8 28.2 30.7 28.6 14.5 14.8 2.0 2.1 2.3 12.7 13.4 1.8 2.5 51.6% 24

  52. Slide 52: Uzbekistan Performance 1Q13: Strong market position

    Uzbekistan Performance 1Q13: Strong market position Revenues EBITDA and EBITDA Margin CAPEX** (USD million) (USD million) (USD million) +100% YoY +192% YoY 158 102 137 95 158 157 77 137 2.0 1.9 65.2% 2.0 60.3% 89 45 56.2% 79 30% 29% 35 © VimpelCom Ltd 2013 2.1 2.2 156.4 155.3 50.6% 135.0 44.6% 76.6

  53. Slide 53: BU's market overviews

    BU’s market overviews © VimpelCom Ltd 2013 53

  54. Slide 54: A Truly International Telecoms Operator

    A Truly International Telecoms Operator Canada Georgia Armenia Kazakhstan Uzbekistan Tajikistan Pop: 34.8 M Pop: 4.3 M Pop: 3.1 M Pop: 16.5 M Pop: 28.3 M Pop: 7.1 M Pen: 80% Pen: 126% Pen: 121% Pen: 164% Pen: 73% Pen: 133% GDP*:41,500 GDP*: 5,900 GDP*: 5,600 GDP*: 13,900 GDP*: 3,500 GDP*: 2,200 Ukra

  55. Slide 55: Competitive Situation and Market Trends - Italy

    Competitive Situation and Market Trends - Italy Challenging Macro-Economic Scenario Mobile Market Share1 (on Revenues), % • GDP expected to contract by -2.4% in 2012 and -1.1% in 2013 but with growth resuming from 2H 2013 17.3 18.8 19.9 20.8 7.8 8.1 8.0 • Unemployment rate at 11.2% as of December 20

  56. Slide 56: Competitive Situation – Africa and Asia

    Competitive Situation – Africa and Asia Pakistan: Algeria Sub Saharan Africa: • Mobilink leads the maturing market, and • Despite limitations, Djezzy remains a with a large customer base has great potential profitable market leader with • Leading positions in markets with low for revenue enhancement

  57. Slide 57: Competitive Situation and Market Trends - Ukraine

    Competitive Situation and Market Trends - Ukraine Mobile Mobile Market Share • Kyivstar, MTS and Astelit (brand “Life”) are the major players (on Revenues), % • Kyivstar is the leading integrated operator in Ukraine with #1 in mobile and #2 in fixed residential broadband (in subs base) • Penetration

  58. Slide 58: Competitive Situation - CIS

    Competitive Situation - CIS Kazakhstan Uzbekistan Armenia • 3 international competitors in GSM (Beeline • 2 GSM competitors, Beeline is #1 and Telia • 3 international competitors in GSM: Beeline – 2nd). Telia Sonera (K-Cell) 1st, Tele2 3rd Sonera (U-Cell). MTS was the market leader – 2nd, MTS (Russi

  59. Slide 59: Reconciliation Tables and Forex

    Reconciliation Tables and Forex © VimpelCom Ltd 2013 59

  60. Slide 60: FOREX Development

    FOREX Development Average rates Closing rates 1Q13 1Q12 YoY 1Q13 FY12 Delta Russian Ruble 30.41 30.03 -1.2% 31.08 30.37 -2.3% Euro 0.76 0.76 0.6% 0.78 0.76 -2.8% © VimpelCom Ltd 2013 Algerian Dinar 78.65 75.13 -4.5% 79.50 78.94 -0.7% Pakistan Rupee 97.89 90.61 -7.4% 98.43 97.14 -1.3% Bangladeshi Tak

  61. Slide 61: Reconciliation Tables: EBITDA

    Reconciliation Tables Reconciliation of consolidated EBITDA of VimpelCom USD mln 1Q13 1Q12* Unaudited EBITDA 2,348 2,311 Depreciation (766) (721) Amortization (454) (532) Impairment loss (18) - © VimpelCom Ltd 2013 Loss on disposals of non-current assets (3) (43) EBIT 1,107 1,015 Financial Income an

  62. Slide 62: Reconciliation Tables: Net Debt

    Reconciliation Tables Reconciliation of consolidated net debt of VimpelCom USD mln 1Q13 4Q12 1Q12 Net debt 22,861 21,971 24,339 Cash and cash equivalents 5,564 4,949 4,033 Long - term and short-term deposits 190 67 219 Gross debt 28,615 26,987 28,591 © VimpelCom Ltd 2013 Interest accrued related to

  63. Slide 63: Disclaimer

    Disclaimer This presentation contains “forward-looking statements”, as the phrase is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to the Company's anticipated performance, refinancing plans and dividend guideline

VimpelCom — Renaissance Capital Investor Conference 2013 on 6ix