Slide 1: Q1 2020 Earnings Conference Call
Q1 2020 Earnings Conference Call May 6, 2020
Slide 2: Forward Looking Information
Forward Looking Information This presentation includes certain forward-looking technical 5G trial the Company is currently conducting may statements that are made as of the date hereof and are not generate the results intended, the lack of availability of based upon current expectations, which invol
Slide 3: Non-GAAP Measures
Non-GAAP Measures Adjusted EBITDA ARPU The term “EBITDA” refers to earnings before deducting interest, taxes, depreciation and The term “ARPU” refers to the Company’s average revenue per customer per month in the amortization. The Company believes that Adjusted EBITDA is useful additional informatio
Slide 4: Tony Ciciretto, President & Chief Executive Officer
TONY CICIRETTO PRESIDENT & CHIEF EXECUTIVE OFFICER 4
Slide 5: Key Operating Metrics
Key Operating Metrics Backlog Monthly Recurring Revenue ($) Average Revenue Per User ($) Churn Rate (%) Cloud & Cloud & Cloud & Colocation Colocation Colocation Connectivity Connectivity Connectivity $3,393 $92,096 $89,296 $3,221 $3,185 $3,248 $3,240* 1.7% $71,624 1.5% 1.5% 1.4% 1.3% $57,081 1.6% $4
Slide 6: David Charron, Chief Financial Officer
DAVID CHARRON CHIEF FINANCIAL OFFICER 6
Slide 7: Quarterly Revenue
Quarterly Revenue $12.4 $12.2 $11.8 $12.0 $11.6 All $ figures in CAD millions $7.9 $7.6 $7.3 $7.5 $7.3 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 2014 Connectivity $4.5 $4.6 $4.3 $4.7 $4.3 Cloud and Colocation 7
Slide 8: Quarterly Adjusted EBITDA
Quarterly Adjusted EBITDA $4.6 $4.5 $4.4 All $ figures in CAD millions $4.0 $3.6 Q2 2019 Q4 2019 Q1 2020 Q3 2019 Q1 2019 2014 *Adjusted EBITDA excludes impact of IFRS 16 in Q1’19 Adjusted EBITDA 8
Slide 9: Capital Expenditures & Liquidity
Capital Expenditures & Liquidity Cash from Operations ($ millions) $4.4 $4.1 $4.0 Balance Sheet at Mar. 31, 2020 $3.1 $2.6 Cash and cash equivalents $7.5 Unused operating line of credit $9.4 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Available acquisition facility $24.2 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 7.00 30.0% 6
Slide 10: Tony Ciciretto, President & Chief Executive Officer
TONY CICIRETTO PRESIDENT & CHIEF EXECUTIVE OFFICER 10
Slide 11: Multi-Pronged Strategy – Update & Outlook
Multi-Pronged Strategy – Update & Outlook 1. 2. 3. Profitable Building a Positioned for 5G business and premier channel Fixed Wireless positive and alliance FCF generation program 11
Slide 12: Largest Holder of mmWave Spectrum in Canada
Largest Holder of mmWave Spectrum in Canada Coverage includes Spectrum Coverage Map – Spectrum Coverage Map – 2,210 MHz of 24 GHz (14 of 20 licenses issued) 38 GHz (25 of 27 licenses issued) Canada’s 6 Licenses from 100-199 MHz largest cities Licenses from 200-299 MHz Edmonton Licenses over 300 MHz
Slide 13: Summary
Summary Enterprise- One of Canada’s A Clear Growth Financial Experienced Class Cloud, Largest Holders Opportunity Strength Management Colocation, and of Millimetre in 5G Fixed to Fund Our Team Connectivity Wave Spectrum Wireless Growth Committed to Access Strategy Value Creation 13
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