Optimum Communications, Inc. · NYSE:OPTU
Optimum Communications — Altice USA — Q4 2024 Earnings Presentation
15 slides from Optimum Communications's earnings presentation, Feb 13, 2025
Slide 1: Altice USA Q4 and Full Year 2024 Earnings Results
Altice USA Q4 and Full Year 2024 Earnings Results. February 13, 2025
Slide 2: Forward-Looking Statements; Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical fa
Slide 3: 2024 Transformation Foundation
2024 Transformation Foundation Operational Leadership and High-Value Innovation with Execution Excellence Customer Experience Focus Strategic Top-Line Transformational Culture Improvements with Enabling Strategic Growth Balance Sheet Discipline Altice USA Q4 2024 and Full Year Earnings Results 3
Slide 4: 2024 Transformation Progress
2024 Transformation Progress Key Performance Highlights Stabilizing + Best-ever fiber net adds of +57k Q4-24 ARPU Trends + Best mobile line net adds in 5 years of +40k Q4-24 -1.0% Residential ARPU -1.5% + Broadband subscriber net losses of -39k Q4-24(1) year-over-year % -2.2% + Highest-ever Mobile s
Slide 5: 2025 Priorities
2025 Priorities Revenue Network Opportunity Strength Improve broadband Grow fiber footprint subscriber trends, Increase Operational through new builds, Sustainable value-added services, Grow Expand multi-gig mobile penetration, Expand Efficiency availability, Accelerate Capital Structure B2B product
Slide 6: Video Strategy Evolution
Video Strategy Evolution Video is an important part of our portfolio of Video Gross Add Attachment Rate(1) Our Video value-added services which improve customer Strategy: lifetime value and residential ARPU Rationalizing Programming Agreements ~20% + Keeping the customer at the center of the convers
Slide 7: Altice USA Financials
Altice USA Financials Total Revenue ($bn) Adjusted EBITDA(1) ($bn) Gross Margin and Adj. EBITDA(1) Margin $9.6 $9.2 $9.0 $3.9 $3.6 66.8% 67.2% 67.7% $3.4 -3.1% -5.4% 40.1% 39.1% 38.1% -4.4% -4.3% -6.7% -12.7% FY-22 FY-23 FY-24 FY-22 FY-23 FY-24 FY-22 FY-23 FY-24 Revenue Year-over-year trend Adj. EBI
Slide 8: Lightpath Fiber Infrastructure
Lightpath Fiber Infrastructure Revenue Growth Hyperscaler Acquisition of Growth Capital Driven by Network Opportunities United Fiber Investment Investment and Data Lightpath Revenue(1) ($m) + $110m in awarded + Connects Lightpath’s existing + Anticipate Lightpath capital +5.5% contracts in FY-24 fro
Slide 9: Optimum Footprint Evolution
Optimum Footprint Evolution MULTI Going Multi-gig + Multi-gig speeds enabled in ~30% of total footprint (on fiber network) at Y/E-24 + Path to 65% of footprint multi-gig by Y/E-28 through fiber expansion, and HFC mid- split upgrades to achieve up to 2 Gig download speeds + Anticipate expanding total
Slide 10: Debt Maturity Profile
Debt Maturity Profile Altice USA Maturity Profile ($bn) Altice USA Consolidated as of 12/31/24 $0.1 $0.1 $0.1 $6.9 $5.4 $3.8 $5.7 $3.0 Weighted Average Cost of Debt (WACD)(1) 6.7% Weighted Average Life of Debt (WAL) 4.1 years Fixed Rate % of Debt(1) 74% Liquidity(2) ~$1bn 2024 2025 2026 2027 2028 20
Slide 11: Questions.
Questions. Altice USA Q4 2024 and Full Year Earnings Results 11
Slide 12: Appendix.
Appendix. Altice USA Q4 2024 and Full Year Earnings Results 12
Slide 13: Summary Financial Information
Summary Financial Information ($m) Q4-23 Q4-24 Q4-24 YoY FY-23 FY-24 FY-24 YoY Residential $1,786 $1,686 -5.6% $7,274 $6,937 -4.6% Business Services $372 $371 -0.2% $1,467 $1,472 0.3% News & Advertising $128 $157 23.0% $448 $486 8.6% Other $16 $20 30.5% $49 $59 22.5% Total Revenue $2,302 $2,235 -2.9
Slide 14: FY 2024 Free Cash Flow Bridge ($m)
FY 2024 Free Cash Flow Bridge ($m) Adjusted Cash Cash Cash Other operating Free Cash EBITDA(1) capex interest tax cash flows Flow(1) ($1,433) $3,413 ($1,620) ($255) $45 $149 (1) Adjusted EBITDA and Free Cash Flow are non-GAAP financial measures. For a reconciliation of Adjusted EBITDA to net income
Slide 15: Earning Recognition in 2024
Earning Recognition in 2024 Optimum Fiber has the fastest and most reliable Internet speeds in NY Optimum certified as a & NJ and the lowest latency & best Great place to Work gaming experience in NY, NJ & CT – Great Place To Work® – Ookla®Speedtest® Optimum achieved another perfect Optimum named th