Eutelsat Communications Sa · EURONEXT:ETL

Eutelsat Communications Sa — Q3 2024-25 Earnings Presentation

15 slides from Eutelsat Communications Sa's earnings presentation, May 15, 2025

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
Slide 4: Highlights
Highlights ➢ Third Quarter Operating Verticals revenues of €300.6m, down 2.2% year-on-year ➢ Nine Month Operating Verticals revenues up 1.8% year-on-year ▪ Double digit growth in Connectivity, driven by LEO-enabled solutions ➢ FY 2024-25 financial objectives confirmed ©2023 Eutelsat Group. All right
Slide 6: Q3 2024-25 revenues
Q3 2024-25 revenues YoY revenue bridge (€m)  Total revenues of €300m, down 1.9% like-for-like1 -2.2%  Positive currency effect +7 0 • €/$ rate of 1.04 vs 1.09 last year -1 -6  Negative swing of €1m in ‘Other Revenues’ • Of which -€2m related to hedging 301 300  Revenues of the Operating Vertical
Slide 7: Q3 Revenues by vertical
Q3 Revenues by vertical REVENUE REVENUES LIKE-FOR-LIKE2 CONTRIBUTION1 YOY CHANGE (€m) VIDEO 50% 151.7 -6.4% FIXED 20% 59.7 +0.8% CONNECTIVITY GOVERNMENT 17% 49.5 +10.2% SERVICES MOBILE 13% 39.7 -2.7% CONNECTIVITY TOTAL OPERATING VERTICALS 300.0 -2.2% OTHER REVENUES -0.7 -€1.2m3 1 Share of each appli
Slide 8: Video
Video 50%  Q3 revenues of €151.7m, down 6.4% YoY like-for-like1 • In line with broader market decline  Q3 revenues down 4.8% QoQ1 785  Capacity renewed with long-standing partner ATSS in 491 461 the MENA region  New resources for Professional Video at HOTBIRD Q3 160 152 Q3  Extension of capacit
Slide 9: Fixed connectivity
20% Fixed connectivity  Q3 revenues of €59.7m, up 0.8% YoY like-for-like1 • Continued growth of LEO-enabled connectivity solutions 179 • More challenging conditions for GEO-enabled consumer broadband in Europe 152  Q3 revenues down by 7.3% QoQ1 60 Q3 Q3 57  Recent commercial wins: • Transfer of E
Slide 10: Government Services
Government Services 17%  Q3 revenues of €49.5m, up 10.2% YoY like-for-like1 146 • Growth of LEO-enabled solutions revenues 118 • increased demand from non-US governments 50 Q3  Q3 revenues -4.2% QoQ1 Q3 44 50 Q2  Spring 2025 US DoD renewal rate of less than 50% Q2 41 • Change in the new president
Slide 11: Mobile connectivity
Mobile connectivity 13%  Q3 revenues of €39.7m, down 2.7% YoY like-for-like1 • Lower GEO revenues • partly offset by growing demand for LEO-based solutions 110 115  Q3 revenues up 14.3% QoQ1 • Ramp-up on LEO Q3 39 40 Q3  LEO services now live and operational for commercial and business aviation c
Slide 12: Group Backlog
Group Backlog OPERATIONAL & UTILIZED TRANSPONDERS BACKLOG (€BN) Excluding Managed services  Backlog at €3.6 billion on 31 March 2025 vs. €3.9bn on 31 March 2024  Reflecting its natural erosion, especially in the 4.3.90 3.7 3.6 Video segment, in the absence of major renewals  Representing 3.0 year
Slide 14: 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 €500 and €600m in FY 2024-25 CAPEX LEVERAGE ► Targeting mediu

Eutelsat Communications — Q3 2024-25 Earnings Presentation on 6ix

Eutelsat Communications Sa — Q3 2024-25 Earnings Presentation

Slide 1: Third Quarter 2024-25 Revenues

Slide 2: Disclaimer

Slide 3: Agenda

Slide 4: Highlights

Slide 5: Q3 2024-25 Performance

Slide 6: Q3 2024-25 revenues

Slide 7: Q3 Revenues by vertical

Slide 8: Video

Slide 9: Fixed connectivity

Slide 10: Government Services

Slide 11: Mobile connectivity

Slide 12: Group Backlog

Slide 13: Outlook

Slide 14: Financial objectives confirmed

Slide 15: Q&A