SES SA FDR (Class A) · EURONEXT:SESG
SES SA FDR (Class A) — SES — Investor Presentation (September 2022)
27 slides from SES SA FDR (Class A)'s investor presentation, September 2022
Slide 1: Investor Presentation September 2022
INVESTOR PRESENTATION | September 2022 INVESTOR PRESENTATION
Slide 2: SES at a Glance
SES AT A GLANCE | September 2022 INVESTOR PRESENTATION 2
Slide 3: Leader in Global Content Connectivity Solutions
Leader in Global Content Connectivity Solutions WE DO THE EXTRAORDINARY IN SPACE TO DELIVER AMAZING EXPERIENCES EVERYWHERE ON EARTH Empowering billions Doing the extraordinary Creating change Innovation for of stories in space with you real progress SES is more than a ‘satellite operator’. Our uniqu
Slide 4: Our Equity Story
Our Equity Story Industry leader with profitable Differentiated products and Attractive cash flows and long-term growth outlook solutions to make a difference total return fundamentals ~€2B annual revenue with expanding demand Satellite offers communication without limits and Disciplined financial p
Slide 5: Executing on Our Strategy
Executing on Our Strategy Leverage and scale our unique Products and solutions that Profitable and sustainable satellite-based infrastructure drive customers’ success execution to maximise value Expand in key, fast-growing Networks segments Leader in high performance connectivity Disciplined financi
Slide 6: Diversified Business With Profitable Growth Outlook
Diversified Business With Profitable Growth Outlook NETWORKS (~50% OF REVENUE(1)) VIDEO (~50% OF REVENUE(1)) Rapidly expanding commercial demand for Linear TV a key driver for our customers’ reliable and high-performance connectivity global revenue and long-term success Unique network providin
Slide 7: Well Positioned to Serve High Throughput and High Flexibility Demand
Well Positioned to Serve High Throughput and High Flexibility Demand HIGH FLEXIBILITY HIGH THROUGHPUT + HIGH FLEXIBILITY HIGH ~35k ~48k ~2k ~11k ~8k ~2k ~$4B ~$8B Commercial Business Oil & Gas Naval Unmanned Manned Government Aircraft Jets Vessels Vessels ISR Platforms Aero Platforms revenue revenue
Slide 8: Delivering Value From US C-band Accelerated Spectrum Clearing
Delivering Value From US C-band Accelerated Spectrum Clearing 280MHz ~95% C-band spectrum(1) cleared in 2 of estimated clearing costs phases by 2023, supporting 5G ($1.6B) are expected to be deployment in the US reimbursed to SES 5 ~120M new satellites to be launched US homes can continue to rely by
Slide 9: Our ESG Agenda – Where Sustainable Space Meets Sustainable Earth
Our ESG Agenda – Where Sustainable Space Meets Sustainable Earth Take bold CLIMATE ACTION by Make the space industry more Empower communities to thrive with Lead, collaborate, and innovate for setting targets and innovating for the DIVERSE & INCLUSIVE, services to support CRITICAL SUSTAINABLE SPACE
Slide 10: Key Strategic Value Creation Drivers Progressing Well
Key Strategic Value Creation Drivers Progressing Well Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 ACCELERATING REVENUE AND EBITDA GROWTH Acquisition of DRS O3b mPOWER SES-17 launched Acquisition of DRS SES-17 enters into GES complete launches GES agreed ($450M) commercial service SES-22 enters into SES-
Slide 11: On Track to Drive Profitable, Sustainable Growth, and Value Creation
On Track to Drive Profitable, Sustainable Growth, and Value Creation Strong focus on profitable, sustainable execution Completed DRS GES acquisition balancing business with Networks now ~50% of revenue(1) SES-17 and O3b mPOWER to drive revenue growth in Networks markets where we have a right t
Slide 12: Business & Financial Overview
BUSINESS & FINANCIAL OVERVIEW | September 2022 INVESTOR PRESENTATION 12
Slide 13: Leader in High Performance Connectivity
NETWORKS (~50% of revenue) | Profitable long-term growth with unique value proposition in key segments Leader in High Performance Connectivity Government (~50% of Networks) Fixed Data (~25% of Networks) Mobility (~25% of Networks) Strategic importance of satellite to Governments is Extending mob
Slide 14: Rapidly Growing Demand for Satellite-based Network Connectivity Solutions
NETWORKS (~50% of revenue) | Profitable long-term growth with unique value proposition in key segments Rapidly Growing Demand for Satellite-based Network Connectivity Solutions Global Industry Satellite Capacity Revenue ($B)(1) Expanding mobile coverage (3G/4G/5G) and Wi-Fi hotspots via integratio
Slide 15: Deploying Our Seamless, Integrated Network of the Future
NETWORKS (~50% of revenue) | Profitable long-term growth with unique value proposition in key segments Deploying Our Seamless, Integrated Network of the Future SES-17 (in service since end-Q2 2022) (expected in service from Q2 2023) Delivering high-speed broadband connectivity over Compelling co
Slide 16: Acquisition of DRS GES Expands Our High-value US Government Business
NETWORKS (~50% of revenue) | Profitable long-term growth with unique value proposition in key segments Acquisition of DRS GES Expands Our High-value US Government Business $450M >20years acquisition completed, having record as best-in-class US obtained regulatory approvals Government solutions provi
Slide 17: Unparalleled Audience Reach and Reliability
VIDEO (~50% of revenue) | Strong customer value creation underpinning long-term cash flow generation Unparalleled Audience Reach and Reliability Europe (~55% of Video) HD+ (~15% of Video) International (~30% of Video) >35 years broadcasting experience and delivering Consumer platform in Germany,
Slide 18: Resilient Long-term Fundamentals for Video Distribution Over Satellite
VIDEO (~50% of revenue) | Strong customer value creation underpinning long-term cash flow generation Resilient Long-term Fundamentals for Video Distribution Over Satellite Global TV channels over satellite (‘000s)(1) SD channels reducing, impacted by ‘right-sizing’ of TV content carried over satel
Slide 19: Video Neighbourhoods With Unparalleled Audience Reach
VIDEO (~50% of revenue) | Strong customer value creation underpinning long-term cash flow generation Video Neighbourhoods With Unparalleled Audience Reach We serve 366M TV homes: Europe North America 169M 59M (2017: 166M) Middle East Asia-Pacific 13M (2017: 75M) >1B people rely on SES for access Afr
Slide 20: Leadership in Linear TV Distribution, Complemented by Value-add Solutions
VIDEO (~50% of revenue) | Strong customer value creation underpinning long-term cash flow generation Leadership in Linear TV Distribution, Complemented by Value-add Solutions Our cloud-based channel playout offers much greater flexibility and scalability a compared with site-based facilities SES 360
Slide 21: ESG – We Are Here to Make a Difference
HERE TO MAKE A DIFFERENCE | focus on sustainable execution to drive long-term value and change ESG – We Are Here to Make a Difference ENVIRONMENTAL (EARTH & SPACE) SOCIAL GOVERNANCE Our business activities have low impact on the We partner with telcos, MNOs, and Governments to Integrity, compl
Slide 22: Committed to Disciplined Financial Policy
DISCIPLINED FINANCIAL POLICY | focus on profitable and sustainable execution to drive long-term value Committed to Disciplined Financial Policy OUR POLICY OUTLOOK €950M of, primarily growth, investment in 2022 DISCIPLINED Replacement CapEx to sustain profitable portfolio of business Followed b
Slide 23: CapEx Outlook Supports Profitable Long-term Growth and Cash Generation
DISCIPLINED FINANCIAL POLICY | focus on profitable and sustainable execution to drive long-term value CapEx Outlook Supports Profitable Long-term Growth and Cash Generation Estimated Capital Expenditure (€M, excluding US C-band)(1) 1,000 950 Growth CapEx supporting profitable growth from 2023 with l
Slide 24: Maintaining Strong Balance Sheet Metrics and Liquidity
DISCIPLINED FINANCIAL POLICY | focus on profitable and sustainable execution to drive long-term value Maintaining Strong Balance Sheet Metrics and Liquidity Adjusted Net Debt (€M) and Leverage (times)(1) Debt Maturity Profile (€M)(2) 4,500 Low average cost of debt (3.1%) 2,500 Average senior debt ma
Slide 25: Alternative Performance Measures
Alternative Performance Measures SES regularly uses Alternative Performance Measures (APM) to present the performance of the Group and believes that these APMs are relevant to enhance understanding of the financial performance and financial position. These measures may not be comparable to similarly
Slide 26: Disclaimer
Disclaimer This presentation does not, in any jurisdiction, including without limitation in the US, constitute or form part of, and should not be construed as, any offer for sale of, or solicitation of any offer to buy, or any investment advice in connection with, any securities of SES, nor should i
Slide 27: Investor Relations Contact
Richard Whiteing, Joana Gomes, Michelle Suc Investor Relations IR@ses.com +352 710 725 261 | September 2022