Eutelsat Communications Sa · EURONEXT:ETL

Eutelsat Communications Sa — Q1 2024-25 Earnings Presentation

17 slides from Eutelsat Communications Sa's earnings presentation, Oct 29, 2024

  1. Slide 1: First Quarter 2024-25 Revenues

    First Quarter 2024-25 REVENUES 29 October 2024 ©2023 Eutelsat Group. All rights reserved.

  2. Slide 2: 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

  3. Slide 3: Agenda

    Agenda  Recent Highlights  Q1 2024-25 Performance  Outlook ©2023 Eutelsat Group. All rights reserved.

  4. Slide 4: Recent Highlights

    Recent Highlights ➢ First Quarter Operating Verticals revenues of €297 million, up 5.5% in line with expectations; Full year financial objectives confirmed ➢ Growth in Connectivity on the back of LEO-enabled solutions ➢ Successful launch of the latest batch of 20 OneWeb satellites, reinforcing the c

  5. Slide 5: Successful launch of 20 OneWeb satellites

    Succesful launch Succesfull lauch of 20 OneWeb of E36D Satellites  Launched on October 19  Latest launch adds additional satellites in low Earth orbit to OneWeb constellation  New satellites will increase network strength and redundancy ©2023 Eutelsat Group. All rights reserved. 5

  6. Slide 6: Q1 2024-25 Performance

    Q1 2024-25 Performance ©2023 Eutelsat Group. All rights reserved.

  7. Slide 7: First Quarter 2024-25 revenues

    First Quarter 2024-25 revenues YoY revenue bridge (€m) +5.5%  Total revenues of €300m, up +5.9% like-for-like1 +15  Slight positive currency effect +1 +2 +8 • €/$ rate of 1.09 vs 1.09 last year  Positive swing of €2m in ‘Other Revenues’ 300 • Of which €0.2m related to hedging 274  Revenues of th

  8. Slide 8: Q1 Revenues by vertical

    Q1 Revenues by vertical REVENUE REVENUES LIKE-FOR-LIKE2 CONTRIBUTION1 YOY CHANGE (€m) VIDEO 51% 151.8 -7.3% FIXED 19% 56.5 +30.1% CONNECTIVITY GOVERNMENT 16% 46.4 +20.3% SERVICES MOBILE 14% 42.0 +18.8% CONNECTIVITY TOTAL OPERATING VERTICALS 296.7 +5.5% OTHER REVENUES 3.0 +€1.5m3 1 Share of each appl

  9. Slide 9: Video

    Video 51%  Q1 revenues of €151.8m, down 7.3% YoY like-for-like1  Secular market decline 651 785  Lower occasional use in Professional Video  Q1 revenues down 4.5% QoQ1 Q4 159  Several new and renewal contracts secured Q3 160 Q2 168 Q1 164 152 Q1 FY 2023-24 FY 2024-25 • 1 At constant currency an

  10. Slide 10: Fixed connectivity

    19% Fixed connectivity 234  Q1 revenues of €56.5m, up 30.1% YoY like-for-like1 • Acceleration in LEO services • Calendar effect of the entry into service of K-VHTS Q4 82  Q1 revenues down by 30.9% Q-o-Q1 • High level of equipment sale • Catch-up revenues recognition in Q4 FY24 Q3 57  Recent comme

  11. Slide 11: Government Services

    Government Services 16% 165  Q1 revenues of €46.4m, up 20.3% YoY like-for-like1 • Contribution from LEO-enabled connectivity solutions Q4 47  Q1 revenues -1.0% QoQ1 Q3 44  Fall 2024 renewal campaign with US Department of Defence confirming improved trend of Spring 2024 Q2 41  Renewal rate above

  12. Slide 12: Mobile connectivity

    Mobile connectivity 14% 159  Q1 revenues of €42.0m, up 18.8% YoY like-for-like1 • Ongoing strong growth of LEO-based connectivity solutions Q4 49 • Solid GEO performances, notably in aviation.  Q1 revenues down by 14.6% QoQ1 Q3 39 • Equipment revenues recognized in Q4 FY24.  Inmarsat Maritime sel

  13. Slide 13: Backlog

    Backlog OPERATIONAL & UTILIZED TRANSPONDERS BACKLOG (€BN) Excluding Managed services  Backlog at €3.9 billion on 30 September 2024 vs. €3.4bn on 30 September 2023  Representing 3.2 years of revenues 3.9 3.9 4.3.40  Connectivity accounting for over half Of which Connectivity 42% 56% 55% 30 Sep 202

  14. Slide 14: Outlook

    Outlook ©2023 Eutelsat Group. All rights reserved.

  15. Slide 15: Financial objectives confirmed

    Financial objectives1 REVENUES2 ► FY 2024-25 revenues of the four operating verticals around the same level as FY 2023-24 confirmed ADJUSTED ► FY 2024-25 Adjusted EBITA margin slightly below the EBITDA3 level of FY 2023-24 GROSS ► Between €700 and €800m in FY 2024-25 CAPEX LEVERAGE ► Targeting mediu

  16. Slide 16: Q&A

    Q&A ©2023 Eutelsat Group. All rights reserved.

  17. Slide 17: Appendix: GEO launch schedule

    Appendix: GEO launch schedule NAME FLEXSAT AMERICAS Orbital N/A Position Delivery date1 2028 Manufacturer Coverage Americas Applications Connectivity Total capacity Over 100 Gbps (TPX2/Spotbeams) o/w expansion 2 Over 100 Gbps 1 Calendar year 2 Excludes unannounced redeployments ©2023 Eutelsat Group.

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