Eutelsat Communications Sa · EURONEXT:ETL

Eutelsat Communications Sa — Q3 2021-22 Earnings Presentation

18 slides from Eutelsat Communications Sa's earnings presentation, May 12, 2022

  1. Slide 1: Third Quarter 2021-22 Revenues

    THIRD QUARTER 2021-22 REVENUES 12 May 2022

  2. Slide 2: Agenda

    AGENDA 1. Key Events 2. Q3 2021-22 Performance 3. Outlook 2

  3. Slide 3: Highlights

    HIGHLIGHTS • Q3 operating vertical revenues of €285m, broadly stable vs Q2 • Improved Broadcast revenue trend • Robust double-digit growth in Fixed Broadband and Mobile Connectivity • Commercialization of EUTELSAT QUANTUM progressing well • Global distribution partnership with OneWeb • Financial obj

  4. Slide 4: Q3 Revenues

    Q3 REVENUES Q3 YoY revenue bridge (€m)  Total revenues of €287m, down 4.8%  Negative perimeter effect -3.5% • -€8m impact from the disposal of EBI +8  Positive currency effect (8) (5) (10) • €/$ rate of 1.13 vs 1.22 last year  Negative change of -€5m in ‘Other Revenues’ 301 287 • O/w -€7m relate

  5. Slide 5: Q3 FY 2021-22 Revenues by Application

    Q3 FY 2021-22 REVENUES BY APPLICATION REVENUE REVENUES YOY CHANGE QOQ CHANGE CONTRIBUTION1 (€m) LIKE-FOR-LIKE2 LIKE-FOR-LIKE2 BROADCAST 61% 173 -6.8% -0.8% DATA & 14% PROFESSIONAL 40 -2.7% +0.1% VIDEO GOVERNMENT 12% SERVICES 35 -11.3% -8.0% FIXED 6% BROADBAND 17 +30.2% +7.7% MOBILE CONNECTIVITY 7% 2

  6. Slide 6: Progress on Eutelsat Quantum Commercialization

    PROGRESS ON EUTELSAT QUANTUM COMMERCIALIZATION Distinctive features bringing • 6 beams out of eight already sold after • unparalleled value for customers six months of operation • Coverage, spectrum, power and • 1 beam for Maritime Mobility capacity in orbit-reconfiguration • 5 beam for Government S

  7. Slide 7: Global Distribution Partnership with OneWeb

    GLOBAL DISTRIBUTION PARTNERSHIP WITH ONEWEB Deepening cooperation and showcasing operational synergies between ETL and OW OPERATIONAL UPDATE GLOBAL DISTRIBUTION AGREEMENT  13 launches completed with 2/3 of the fleet now  Multi-year global distribution agreement in orbit • ETL to resell OW capacity

  8. Slide 8: Agenda

    AGENDA 1. Key Events 2. Q3 2021-2022 Performance 3. Outlook 8

  9. Slide 9: Broadcast

    BROADCAST 61%  Q3 revenues of €173m, down 6.8% YoY like- for-like1 785 • Partial renewal of capacity with Nilesat at 7/8°W not offset by the resale of capacity • Low single digit decline excluding the 7/8°West Q4 180 impact, reflecting a slight erosion of the underlying business in Europe Q3 182 Q3

  10. Slide 10: Data & Professional Video

    DATA & PROFESSIONAL VIDEO 14%  Q3 revenues of €40m, down 2.7% YoY like-for- like1 • Fixed Data: improved volume trends now offsetting 175 most of the pricing pressure • Professional Video: favorable phasing of a specific contract and growth in OU Q4 41  Stable revenues Q-o-Q Q3 40 40 Q3  Contract

  11. Slide 11: Government Services

    GOVERNMENT SERVICES 12%  Q3 revenues of €35m, down 11.3% YoY like-for-like1 • Negative carry-forward effect of USG renewals driven by the withdrawal from Afghanistan • E174A in inclined orbit 161  Revenues down 8.0% QoQ • Full effect of Fall 2021 renewals now in the quarterly base Q4 38  Spring 2

  12. Slide 12: Fixed Broadband

    FIXED BROADBAND 6%  Q3 revenues of €17m, up 30.2% YoY like-for-like1 • Contribution from the wholesale agreements with TIM and Hispasat Q4 18 • Strong dynamic of our African operations • Ramp-up of the agreement on E65WA to provide connectivity for schools in Mexico Q3 21 • Erosion of the legacy bu

  13. Slide 13: Mobile Connectivity

    MOBILE CONNECTIVITY 7% 79 79  Q3 revenues of €21m, up 24.5% YoY1 • Carry-forward effect of Anuvu contract • Agreement on EUTELSAT QUANTUM with a customer in the Middle-East Q4 18 • Ongoing strong growth of Maritime driven by ramp-up of contracts secured in previous years 21 Q3 Q3 16  Revenues up 4

  14. Slide 14: Backlog & Fill Rate

    BACKLOG & FILL RATE BACKLOG (€BN) OPERATIONAL & UTILIZED TRANSPONDERS Fill rate 69.5% 70.6% 70.7% 4.5 4.2 4.0 1,366 1,380 1,358 950 974 961 Operational Transponders Broadcast 64% 64% 63% Utilized Transponders 31 March 2021 31 Dec. 2021 31 March 2022 31 March 2021 31 Dec. 2021 31 March 2022 • 3.3 yea

  15. Slide 15: Agenda

    AGENDA 1. Key Events 2. Q3 2021-22 Performance 3. Outlook 15

  16. Slide 16: Financial Outlook Confirmed

    FINANCIAL OUTLOOK CONFIRMED ► Between €1,110 to €1,130m in FY 2021-221 OPERATING VERTICALS ► Material improvement in trend in FY 2022-23 REVENUES1 ► Growth in FY 2023-24 ► Not exceeding €400m2 per annum for each CASH CAPEX of the next three fiscal years (FY 2021-22 / FY 2022-23 / FY 2023-24) ADJUSTE

  17. 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

  18. Slide 18: Future Launches

    FUTURE LAUNCHES EUTELSAT 10B EUTELSAT KONNECT EUTELSAT EUTELSAT 36D NAME HOTBIRD 13G VHTS HOTBIRD 13F Orbital 10° East 13° East TBD 13° East 36° East Position Approx . Entry into service H1 2023 H1 2023 H2 2023 Q2/Q3 2023 H2 2024 date1 Manufacturer Coverage EMEA, Atlantic & Europe Europe Europe Afri

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