Digi Communications Nv · BVB:DIGI
Digi Communications Nv — FY2019 Earnings Presentation
15 slides from Digi Communications Nv's earnings presentation, 2019
Slide 1: Investor presentation: Preliminary Financial Result for year ended December 31, 2019
Investor presentation Preliminary Financial Result for year ended December 31, 2019
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 Preliminary Results
Highlights Preliminary Results Revenues and Adj EBITDA (excl IFRS 16) increased with ~ 14% and 17% respectively for FY 2019 vs FY 2018 Revenues EBITDA EUR 1,186.0 million group consolidated revenues for FY 2019 +14 % (+14,2% compared with previous period) +17 % EUR 380.1 million Adj EBITDA (excl IFR
Slide 4: Group overview
Group overview ‘Mil € Romania Hungary Total3 Spain & Other4 Dec 31, Dec 31, Dec 31, Dec 31, 2019 2019 2019 2019 Revenues2 €756.6 m €217.0 m €216.8 m €1,186.0 m Adj. EBITDA €345.9 m €60.9 m €39.6 m €446.3 m Adj EBITDA margin¹ 45.7% 28.1% 18.2% 37.6% Impact of IFRS 16 adoption (€41.7)m (€22.5)m (€2.0)
Slide 5: Group overview
Group overview Total Romania Hungary Spain & Other Service offering / RGUs Dec 31, 2019A (‘000s) CATV 3,590 694 - 4,284 Fixed internet and data 2,775 750 81 3,606 Mobile telecommunication services 3,442 99 2,136 5,677 Fixed-line telephony 1,091 681 31 1,803 DTH 507 265 - 772 Total RGUs 11,405 2,489
Slide 6: Financial highlights
Financial highlights Preliminary results from operations Key considerations Revenues in Romania increased mainly as a result of Eur. m price increase across all residential services starting 1,186 Revenues Adj. EBITDA CAPEX 1,200 with March 2019 as well as increase in our cable TV 1,038 and fixed
Slide 7: Highlights Romania (1/2)
Highlights Romania (1/2) Revenue and Adj EBITDA Preliminary results of Operations1 Key considerations Three months Revenue growth was driven by increase of Year ended ended % change % change prices starting with March 2019 and increase ‘Mil € Dec 31, in our cable TV and fixed internet and data Dec
Slide 8: Highlights Romania (2/2)
Highlights Romania (2/2) Subscribers Key considerations RGUs year ended Steady growth in Cable TV and Internet Net Additions Dec 31, and data subscribers Thousand RGUs Last 12 Last 3 2018 2019 months months Cable TV 3,305 3,590 285 67 ARPU for cable TV, mobile services and Fixed internet and dat
Slide 9: Highlights Hungary (1/2)
Highlights Hungary (1/2) Revenue and Adj EBITDA (1) Preliminary results of Operations Key considerations Three months • Slight decrease in revenue presented in Year ended ended % change % change EUR for Q4 2019 was principally due to ‘Mil € Dec 31 Dec 31, decrease of ARPU and to the foreign 2018 201
Slide 10: Highlights Hungary (2/2)
Highlights Hungary (2/2) Subscribers Key considerations RGUs year ended Net Additions Thousand RGUs Dec 31, Increase in Fixed Internet and Cable TV Last 12 Last 3 subscribers 2018 2019 months months Cable TV 689 694 5 (10) Fixed internet and data 747 750 3 (7) Starting from May 2019 we have laun
Slide 11: Highlights Spain and Italy
Highlights Spain and Italy Preliminary results from operations Subscribers Three months Year RGUs year ended ended ended Net Additions ‘Mil € Dec 31, Dec 31, % change Dec 31, % change Thousand RGUs Last 12 Last 3 2018 2019 2018 2019 2018 2019 months months Revenues Spain Spain1 36.8 56.0 52.2% 127.4
Slide 12: Group Financial Profile (1/2)
Group Financial Profile (1/2) Financial liabilities as of Dec 31, 20191 Maturity profile Long term loans & Notes (Mil €) 619 Before Bond issuance 2020 Amount Facility (Mil €) Senior Secured Notes 550.0 2016 Senior Facility 232.9 181 9 2018 Senior Facility 73.9 - - - - - Financial leases 11.5 2021 20
Slide 13: Group Financial Profile (2/2)
Group Financial Profile (2/2) Key considerations 3.8x 3.5x 3.3x 2.8x 3.0x 2.6x Total preliminary net debt1 as of December 31, 2019 is 2.8x €979.7 million 2.5x 2.8x 2.3x 2.6x Preliminary Net Leverage2 and Gross leverage at 2.6x 2.0x 1.8x 1.5x 1.3x 1.0x 2018 2019 Gross Leverage Net Leverage 1 Gros
Slide 14: Contact
Contact You can find us on: Web: www.digi-communications.ro Email: ipo.relations@digi-communications.ro
Slide 15: Q&A
Q&A