C.a. Nacional Telefonos De Venezuela Class D · BVCV:TDV.D
C.a. Nacional Telefonos De Venezuela Class D — Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) — 4Q 2006 Earnings Presentation
17 slides from C.a. Nacional Telefonos De Venezuela Class D's earnings presentation, February 2006
Slide 1: Cantv Overview
Cantv Overview Presentation to the Investor Community February, 2006 1
Slide 2: Cantv at a glance: leading telecommunications provider in Venezuela
Year-over-Year variance ( ) % of total revenues 3,162 Compañía Anónima Nacional 33.6% 54.2% Teléfonos de Venezuela (CANTV) 2,367 1,045 The leading telecommunications (52%) Mobile 922 services provider in Venezuela and (44%) 407 33.3% Fixed the country’s only integrated Broadband 305 (13%) line (13%)
Slide 3: "Safe Harbor" Statement
“Safe Harbor” Statement This document contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. Actual results could differ materially from those predicted in such forward-looking statements. Factors which may cause actual
Slide 4: Agenda
Agenda • Review of strategy, operative indicators and financial z Country z Strategy z Fixed Line Service (excluding broadband) z Mobile Service z Broadband Service z Financial • Legal and organizational structure • Ownership and governance 4 Gcia. Corporativa de Planificación Estratégica – 22 de ma
Slide 5: Venezuela snapshot
Venezuela snapshot Basic indicators (2005) Political structure and economic regime Total GDP Democratic, Form of Government Nominal (US$ billion) 133 Presidentialist Real growth (3 years CAGR) 6.0% Next Presidential election December, 2012 Per capita (US$) 5,026 Foreign exchange regime Controlled Ot
Slide 6: Latam comparisons 2006
Latam. comparisons 2006 Nominal GDP (US$ billion) GDP per capita (%) 967 811 8,570 7,594 6,099 5,745 5,177 220 3,151 2,763 3,081 164 129 140 89 41 Ecuador Mexico Peru Colombia Chile Venezuela Argentina Brazil Ecuador Argentina Mexico Chile Peru Venezuela Colombia Brazil GDP Growth (%) CPI Var. % (Av
Slide 7: Strategy
Strategy “Communications for everyone in To Tobecome become##11in in anytime, anywhere, Build Buildvalue valueon on mobility mobility whatever their broadband broadband needs” leadership leadership Socially Capture Capture responsible emerging emergingmass mass corporation markets markets Stimulate
Slide 8: Fixed Line Service (excluding broadband)
Fixed Line Service (excluding broadband) Fixed lines penetration Cantv Fixed lines in service % of population Thousands 25% Argentina Chile 20% Brazil Mexico 15% 4,118 Venezuela 3,448 2,884 3,098 10% 5% 2002 2003 2004 2005 2006E Source: Pyramid Research (2001-2003) BMI Research (2004-2005) 2004 2005
Slide 9: Mobile Service
Mobile Service Mobile lines penetration Cantv Mobile (Movilnet) subscribers % of population Thousands 80% Chile 70% Argentina 60% Venezuela 50% Brazil 9,228 40% Mexico 7,918 30% 5,188 20% 3,106 10% 2002 2003 2004 2005 2006E Source: Pyramid Research (2001-2003) BMI Research (2004-2006) 2004 2005 2006
Slide 10: Broadband Service
Broadband Service Broadband subscribers Cantv Broadband Subscribers % of population Thousands 7% 6% Chile 5% 4% Argentina 887 3% Brazil Mexico 2% 449 Venezuela 1% 290 159 0% 2002 2003 2004 2005 2006E 2004 2005 2006 2007G* Source: Business Monitor Online Report – 2006E: Estimated * Marks the middle r
Slide 11: Financials
Financials In millions of US$ * and growth percentages referred to constant Bs. 2004 2005 2006 2007G** Capex Revenue 2,139 2,367 3,162 3,930 – 3,638 Growth (%) 7.2 10.7 33.6 24 – 15 EBITDA 688 345 818 922 – 932 750 Growth (%) (4.6) (49.9) 137.1 13 – 14 553 446 Margin (%) 32 15 26 25 – 26 279 Basis p
Slide 12: Capital Expenditures
Capital Expenditures % % of total Capex 2006 revenue** 2007G* Fixed Telephony 21 3.7 24 Mobile 62 10.9 56 Telephony Broadband 12 2.0 18 Others 5 0.9 2 100% 17.5 100% Total Capex 553 750 * Marks the middle range of guidance ** % of corresponding 2006 revenue Capex is increasing aligned with our growi
Slide 13: Ownership and Governance
Ownership and Governance Ownership Structure Board of Directors Shareholders Shares Class as of May 31, 2005 % Stake (thousands) Appointed by: A Verizon 196,401 25.0% Telefónica Venezuela 54,410 6.9% Holding All Others 367 0.05% CEO and 7 shareholders 8 principal B Bandes* 51,900 6.6% members Employ
Slide 14: Legal Structure
Legal Structure Private investor Corporation Legal Corporación Cantv, C.A. 20% Entities 100% 100% 100% 100% 80% Telecomunicaciones Cantv Cantv Telco, – Cantv.net, Caveguías, Móviles Finance, C.A. Movilnet, C.A. C.A. C.A. C.A. • Fixed, • Wireless mobile • Internet • Invest Broker • Yellow Pages Busin
Slide 15: Organizational Structure of Cantv
Organizational Structure of Cantv CANTV CANTVCHAIRMAN CHAIRMAN CAVEGUÍAS CAVEGUÍAS AUDIT AUDITCOMMITTEE COMMITTEE MOVILNET MOVILNET INTERNAL INTERNALAUDITING AUDITING MANAGMENT MANAGMENT EXCUTIVE EXCUTIVE VICE VICECHAIRMAN CHAIRMAN FINANCE FINANCEAND ANDPLANNING PLANNING HUMAN HUMANRESOURCES RESOURC
Slide 16: Organizational Structure
Organizational Structure Executive Vice-presidency CHAIRMAN EXCUTIVE VICE CHAIRMAN SPECIAL SPECIALPROJECTS PROJECTS COMMITTEE COMMITTEE TECHNOLOGY TECHNOLOGYAND ANDOPERATION OPERATION CANTV CANTVMASS MASSMARKETS MARKETS SERVICE SERVICECENTRE CENTRE GENERAL MANAGMENT GENERAL MANAGMENT GENERAL GENERAL
Slide 17: Gcia. Corporativa de Planificación Estratégica – 22 de marzo de 2007
17 Gcia. Corporativa de Planificación Estratégica – 22 de marzo de 2007
Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) — 4Q 2006 Earnings Presentation on 6ix