Slide 1: Investor presentation for the period ended June 30, 2017
DIGI COMMUNICATIONS N.V. (“the Company” or “DIGI”) Investor presentation for the period ended June 30, 2017
Slide 2: Disclaimer
p. 2 Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: The information in this document has been prepared by Digi Communications N.V., (the "Company“ or “DIGI”) and solely for use during the
Slide 3: Group overview
Group overview ‘Mil € Romania Hungary Spain & Other3 Total 3 months 6 months 3 months 6 months 3 months 6 months 3 months 6 months ended ended ended ended ended ended ended ended June 30, 2017 June 30, 2017 June 30, 2017 June 30, 2017 June 30, 2017 June 30, 201 June 30, 2017 June 30, 2017 Revenues2
Slide 4: Recent developments 1/2
Recent developments 1/2 Business • On 21 July 2017, Our Hungarian subsidiary, DIGI Távközlési és Szolgáltató Kft. (“Digi HU”), acting as purchaser, has signed a share-purchase agreement (“SPA”) with Ilford Holding Kft. and Invitel Technocom Távközlési Kft., acting as sellers (the Sellers are control
Slide 5: Recent developments 2/2
Recent developments 2/2 Business (continued) • On 8 August 2017, the Company’s Senior Secured Notes due 2023 aggregate principal amount of EUR 350,000,000 5.0% (the “Notes”), issued on 26 October 2016, were admitted to trading on the Main Securities Market of the Irish Stock Exchange. In connection
Slide 6: Financial highlights
Financial highlights Results from continuing operations Key considerations • Revenues in Romania increased mainly as a result of: • Increase in mobile telephony RGUs, EUR. M 1 250.0 Revenues Adj. EBITDA CAPEX ARPU. 225.4 226.7 227.3 • Increase in our cable Tv and fixed 212.2 205.3 internet RGUs. 200
Slide 7: Highlights Romania (1/2)
Highlights Romania (1/2) Revenue and Adj EBITDA Results of Operations1 3 months 6 months ended ended ‘Mil € June 30, % change June 30, % change 2016 2017 2016 2017 Revenues 149.0 164.3 10.3% 294.0 329.7 12.1% Adjusted EBITDA 49.6 58.7 18.3% 98.0 107.3 9.5% Margin % 33.3% 35.7% 33.3% 32.5% Key consid
Slide 8: Highlights Romania (2/2)
Highlights Romania (2/2) Subscribers Key considerations RGUs Period Ended Net Additions Thousand RGUs June 30, Last 12 Last 3 2016 2017 months months Cable TV 2,782 2,924 142 31 Fixed internet and data 2,039 2,180 141 31 Mobile telecommunications services 2,950 3,381 431 76 Steady growth in Cable
Slide 9: Highlights Hungary (1/2)
Highlights Hungary (1/2) Revenue and Adj EBITDA Results of Operations 3 months 6 months ended % ended ‘Mil € June 30, change June 30, % change 2016 2017 2016 2017 Revenues 33.3 37.3 12.0% 66.2 74.8 13.0% Adjusted EBITDA 13.3 10.8 -18.8% 26.6 22.2 -16.5% Margin % 40.1% 28.9% 40.2% 29.7% Key considera
Slide 10: Highlights Hungary (2/2)
Highlights Hungary (2/2) Subscribers Key considerations RGUs Period Ended Net Additions Thousand RGUs June 30, Last 12 Last 3 2016 2017 months months Cable TV 460 485 25 5 Fixed internet and data 407 447 40 8 Mobile telecommunications Increase in Cable TV, Internet and Fixed services1 15 13 (2) -
Slide 11: Highlights Other Territories
Highlights Other Territories Revenue and Adj EBITDA 3 months 6 months ended % ended ‘Mil € June 30, change June 30, % change 2016 2017 2016 2017 Revenues Spain1 21.8 21.3 -2.3% 42.3 43.0 1.7% Other 2.3 4.8 108.7% 4.4 8.5 93.2% 24.1 26.1 8.3% 46.7 51.4 10.1% Adj EBITDA 2.7 5.5 103.7% 5.1 10.6 107.8%
Slide 12: Group Financial Profile (1/2)
Group Financial Profile (1/2) Financial liabilities as of Maturity profile Long term loans & Notes June 30, 20171 (Mil €) Amount 400 Facility (Mil €) 350 2016 Senior Secured Notes 350.0 2016 Senior Facility 338.7 300 Financial leases 4.9 Other long term debt2 48.1 200 151 Other short term debt3 19.9
Slide 13: Group Financial Profile (2/2)
Group Financial Profile (2/2) 800 773 779 15 15.9 710 50 Key considerations 600 758 763 661 400 Total net debt1 as of June 30, 2017 is €763.8 million 200 Net Leverage2 is 2.8x and Gross Leverage is 2015 2016 Q2 2017 2.9x. Net Debt Cash 3.8x 3.5x 3.3x 3.1x 3.0x 3.0x 2.9x 3.0x 2.8x 2.8x 2.9x 2.5x 2
Slide 14: Contact
Contact You can find us on: Web: www.digi-communications.ro investors.rcs-rds.ro Email: ipo.relations@digi-communications.ro investor.relations@rcs-rds.ro 14 DIGI
Slide 15: Q&A
Q&A 15 DIGI
Slide 16: Appendices
Appendices 16 DIGI
Slide 17: Revenue streams
Revenue streams Q2 2017 revenue split by product Q2 2017 revenue split by country Other revenues Italy 12% 2% Spain 10% DTH Cable TV 8% 25% Fixed-line telephony 3% Hungary 16% Fixed internet and data 23% Mobile telecommunications Romania services 72% 29% 17 DIGI
Slide 18: Group Results (P&L)
Group Results (P&L) 3 months 6 months ‘Mil € ended ended June 30, % change June 30, % change 2016 2017 2016 2017 Revenues1 Romania 148.5 163.8 10.3% 293.1 328.7 12.1% Hungary 33.3 37.3 12.0% 66.2 74.8 13.0% Spain 21.3 21.5 0.9% 41.5 42.3 1.9% Italy 2.3 4.7 104.3% 4.4 8.2 86.4% Total Revenues 205.3 2
Slide 19: Cash Flow
Cash Flow Summary of Cash flows Period ended Period ended ‘Mil € June 30, June 30, 2016 2017 2016 2017 Cash flows from operations before working capital changes 65.6 69.4 132.4 142.6 Cash flows from changes in working capital (5.2) 13.4 (11.2) 13.6 Cash flows from operations 60.4 82.9 121.2 156.2 In
Slide 20: Forex development
Forex development RON/EUR Exchange Rate 2016 HUF/EUR Exchange Rate Q1 2017 4.60 310 313 313 312 312 311 311 4.50 4.55 309 310 4.52 306 4.49 4.50 4.49 300 4.46 4.47 4.40 4.44 4.43 290 4.30 280 4.20 4.10 270 4.00 260 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q