Orange Sa · EURONEXT:ORA
Orange Sa — Merger or Acquisition (January 2021)
8 slides from Orange Sa's merger presentation, Jan 22, 2021
Slide 1: Orange Concessions: A milestone in Orange infrastructure strategy
Orange Concessions A milestone in Orange infrastructure strategy 22 January 2021
Slide 2: Orange Concessions
Orange Concessions The leading fiber platform in rural France with 4.5m awarded FTTH lines spread across 23 1 Public Initiative Networks A platform set for exceptional growth, set-up for a long-term partnership through the sale of 2 a 50% co-controlling stake to a consortium of high profile financia
Slide 3: The leading fiber platform in rural France
1 The leading fiber platform in rural France 4.5m awarded FTTH lines spread across 23 Public Initiative Networks Market share in PIN networks c.30% Awarded lines 4,489k Built To be built 1,156k 3,333k 3
Slide 4: Description of rollout in PIN area
Description of rollout in PIN area Orange Concessions offers in PIN areas : from optical node to connecting point 3 Connecting point Optical network node Shared access Homes passed 1 3 3 Homes connectable 1 + 2 1 2 Connected customer 1 + 2 + 3 Optical Node => Shared access Shared access => Connectin
Slide 5: A platform set for exceptional growth and for long term partnership
A platform set for exceptional growth and for long term 2 partnership Sale of a 50% co-controlling stake to a consortium of high profile financial partners with an extensive track-record in infrastructure management Orange to join forces with a consortium of high profile partners Orange • Extensive
Slide 6: Orange to remain the exclusive industrial partner of Orange Concessions under arm's length terms
Orange to remain the exclusive industrial partner of Orange 3 Concessions under arm’s length terms Orange to be the exclusive industrial Industrial Orange Capex partner of Orange Concessions for contract facility network construction, monitoring and Concessions maintenance with associated revenue
Slide 7: Highly attractive economic terms thanks to the underlying value of Orange assets
Highly attractive economic terms thanks to the underlying value of 4 Orange assets and a very competitive M&A process … ~€ 2.7bn ~€ 2.2bn The transaction leads to decrease exposure and risks associated with the activity in a building phase Estimated The transaction frees up significant capital resou
Slide 8: Also emphasising potential value of Orange's total infrastructure
... also emphasising potential value of Orange’s total infrastructure, including the full ownership in private areas Highly attractive multiples of Orange Concessions reveal the higher potential value in medium dense private areas Number of FTTH lines connectable by Orange in 2023e (in millions) Lin