Charter Communications, Inc. · NASDAQ:CHTR
Charter Communications — Q4 2024 Earnings Presentation
20 slides from Charter Communications's earnings presentation, Jan 31, 2025
Slide 1: Fourth Quarter and Full Year 2024 Results
Charter Communications Fourth Quarter and Full Year 2024 Results January 31, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This quarterly presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, ou
Slide 3: Christopher L. Winfrey, President and CEO
Christopher L. Winfrey President and CEO, Charter Communications
Slide 4: Full Year 2024 Overview
Full Year 2024 Overview Revenue Adjusted EBITDA1) Capital Expenditures in Billions in Billions in Billions +0.9% +3.1% +1.4% $54.6 $55.1 $21.9 $22.6 $11.1 $11.3 FY23 FY24 FY23 FY24 FY23 FY24 Adj. EBITDA1) growth of 3.1% Y/Y in FY24 driven by mobile line growth, cost efficiency initiatives and politi
Slide 5: Spectrum Has Significant Assets & Scale
Spectrum Has Significant Assets & Scale Network & Industry Leading Infrastructure Customers Data Fastest Internet Speeds2) 16M+ 900K+ 31.5M Advanced WiFi HHs Network Miles Customers with Near Real-Time Fastest Growing Mobile Provider Telemetry 87% Fastest Overall Speeds3) for Spectrum Mobile ~57M 9.
Slide 6: Unique Seamless Connectivity Capability
Unique Seamless Connectivity Capability Gig-Capable Wireline Passings (Millions) Seamless Connectivity Capability6) Current Future7) Current Future 57 Growing 100% 100% 50+ 29 29 19% ~30% by 2029 only only 8) 12% 35-40 18 26 16% ~23% Incl. Frontier long-term goal 9) 12-15 2 2 1% ~8% Incl. Metronet &
Slide 7: Spectrum Saves Customers $900+/Year with Better Products
Spectrum Saves Customers $900+/Year with Better Products 5G Home Internet Plus Internet Speed10) 1 Gbps 1 Gbps 1 Gbps 300 Mbps – 1 Gbps 133 – 415 Mbps 100% 19% 12% Marketed Availability Capacity Dependent Capacity Dependent of footprint of mobile footprint of mobile footprint De-prioritization13); I
Slide 8: Seamless Entertainment: Solving for Value & Utility
Seamless Entertainment: Solving for Value & Utility Streaming App Retail Value TV Select15) Frictionless Spectrum Video Experience with Xumo $9.99 with Ads $9.99 Basic Available in Launched $11.99 TV Select Plus $7.99 Essential $4.99 Premium con Anuncios Available in $9.99 TV Select Plus $5.99 with
Slide 9: Spectrum's Customer Commitment
Spectrum’s Customer Commitment Reliable Transparency at Exceptional Always Connectivity Every Step Service Improving Customer Committed to keeping you No surprises. Your bill will match We’re there whenever you need us Continuously improving our product connected 100% of the time16) your order with
Slide 10: Jessica M. Fischer, Chief Financial Officer
Jessica M. Fischer Chief Financial Officer, Charter Communications
Slide 11: Total Customers
Total Customers Customer Relationships1) Internet Net Adds (in Thousands) Total (in Millions) Net Adds (in Thousands) Total (in Millions) -2.0% -1.7% 32.1 31.5 30.6 30.1 (61) (72) (110) (110) (110) (149) (179) (149) (215) (177) 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 4Q24 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 4Q24 Mo
Slide 12: Revenue
Revenue Total Revenue Residential Revenue Commercial Revenue in Billions in Billions in Billions +1.6% -0.4% +1.9% $13.7 $13.9 $10.7 $10.7 $1.8 $1.8 4Q23 4Q24 4Q23 4Q24 4Q23 4Q24 Total revenue grew 1.6% Y/Y in 4Q24, or 1.0% Y/Y when excluding advertising revenue and hurricane impacts17) Fourth Quart
Slide 13: Expenses and Adjusted EBITDA
Expenses and Adjusted EBITDA1) Total Expenses Adjusted EBITDA1) LTM Adjusted EBITDA1) in Billions in Billions in Billions +0.3% +3.4% +3.1% $8.1 $8.2 $5.6 $5.8 $21.9 $22.6 4Q23 4Q24 4Q23 4Q24 4Q23 4Q24 Mobile growth, prudent expense mgmt. and political advert. contributed to Adj. EBITDA1) growth of
Slide 14: Capital Investment and Debt
Capital Investment and Debt Capital Expenditures LTM Capital Expenditures Debt and Leverage18) in Billions in Billions in Billions 4.42x 4.13x / 4.24x19) $3.1 $11.1 $11.3 $97.6 $2.9 $93.8 $0.2 $0.9 $0.9 Network Evolution $0.3 CCOH $27.3 $27.3 Line $1.1 $4.0 $4.2 Line Extensions $1.0 Extensions CCO $
Slide 15: Total Capital Expenditures Outlook (ex-BEAD)
Total Capital Expenditures Outlook (ex-BEAD) • Current capex outlook is largely unchanged in total vs. prior outlook, with retiming across years and slight changes across categories • Charter currently expects ‘25 capex to total ~$12B, including line extensions spend of ~$4.2B and network evolution
Slide 16: Free Cash Flow & Share Repurchases
Free Cash Flow1) & Share Repurchases Free Cash Flow1) Buyback Summary in Millions 4Q23 4Q24 Y/Y Var. 4Q24 Since Sep '16 1) Adjusted EBITDA $5,573 $5,760 $187 Common Shares & Units Repurchased 21) 0.3M 162.6M Capex (2,856) (3,062) (206) x Average Price $384 $451 Cash Paid for Interest (Net) (1,348) (
Slide 17: Our Strategy is Designed to Drive Value
Our Strategy is Designed to Drive Value Operating Strategy Strategic Initiatives Shareholder Value High Quality Products Evolution Long-Term Revenue Growth Unique Customer Value Expansion Long-Term Cash Flow Growth Commitment to Service Execution Levered Equity Returns Tied to Local Communities Four
Slide 18: Notes
Notes 1) See notes on slide 18. 2) Based on Broadband Download Speed nationally in Opensignal USA: Fixed Broadband Experience Report – National View, May 2024. Based on Opensignal independent analysis of mean download speed. © 2025 Opensignal Limited. 3) Based on Charter’s analysis of Ookla® Speedte
Slide 19: Use of Non-GAAP Financial Metrics and Additional Information
Use of Non-GAAP Financial Metrics and Additional Information We use certain measures that are not defined by U.S. generally accepted accounting principles ("GAAP") to evaluate various aspects of our business. Adjusted EBITDA and free cash flow are non GAAP financial measures and should be considered
Slide 20: Investor Inquiries
Investor Inquiries: Stefan Anninger | 203.905.7955 stefan.anninger@charter.com
Charter Communications — Q4 2024 Earnings Presentation on 6ix