Eutelsat Communications Sa · EURONEXT:ETL

Eutelsat Communications Sa — Q1 2023-24 Earnings Presentation

18 slides from Eutelsat Communications Sa's earnings presentation, Oct 26, 2023

  1. Slide 1: First Quarter 2023-24 Revenues

    FIRST QUARTER 2023-24 REVENUES 26 October 2023 ©2023 Eutelsat Group. All rights reserved.

  2. Slide 2: Key Events

    Key Events ©2023 Eutelsat Group. All rights reserved.

  3. Slide 3: Highlights

    Highlights • Operating Verticals down -2.4% like-for-like on a year-on-year basis, up +2.9% on a sequential basis1 • Continued robust double-digit growth in Mobile Connectivity on the back of strong commercial momentum • Commercialization of the final beam of EUTELSAT QUANTUM. All of the satellite’s

  4. Slide 4: EUTELSAT QUANTUM fully commercialized

    Record commercial performance by EUTELSAT QUANTUM EUTELSAT QUANTUM fully commercialized Software-defined satellite with real-time adaptability to address customers’ business needs, including in-orbit full reconfiguration and beam customization Final beam commercialized in the summer of 2023 All of t

  5. Slide 5: Driving connectivity growth

    Successful entry into service of EUTELSAT KONNECT VHTS Driving connectivity growth Most advanced very high-throughput satellite (VHTS) system to support the development of our European Connectivity businesses With a Ka-band incremental capacity of 500 Gbps, making it the largest ever European geosta

  6. Slide 6: Eutelsat / OneWeb Combination is now live

    Eutelsat / OneWeb Combination is now live OneWeb secured backlog ($m) (1) +$400m since Approval of the combination on October 2022 28 September 2023 c. 1000 Strong synergy potential to be tapped from Day 1 600 Continued commercial momentum for LEO-based connectivity solutions On track to reach globa

  7. Slide 7: Operational performance

    Operational performance ©2023 Eutelsat Group. All rights reserved.

  8. Slide 8: First Quarter 2023-24 revenues

    First Quarter 2023-24 revenues Q1 YoY revenue bridge (€m)  Total revenues of €274m, down -0.8% like-for-like  Negative currency effect -2.4% • €/$ rate of 1.09 vs 1.02 last year 5 (8) (3) (7)  Positive swing of €5m in ‘Other Revenues’ • Of which €5m related to hedging 287 274  Revenues of the Op

  9. Slide 9: Q1 revenues by application

    Q1 revenues by application REVENUE REVENUES LIKE-FOR-LIKE2 YOY CHANGE CONTRIBUTION1 (€m) VIDEO 164 -9.5% 60% GOVERNMENT 12% 34 +1.1% SERVICES MOBILE 35 +44.1% 13% CONNECTIVITY FIXED 15% 40 -2.6% CONNECTIVITY 1 Share of each application as a percentage of total revenues excluding “Other TOTAL OPERATI

  10. Slide 10: Video

    Video 60%  Q1 revenues of €164m, down 9.5% YoY like-for-like1 785 • Impact of the early non-renewal of the Digitürk contract from mid- November 2022 705 • Effect of sanctions against certain Russian and Iranian channels • Lower occasional use in Professional video Q4 170  Revenues down 3.4% QoQ Q3

  11. Slide 11: Government Services

    Government Services 12%  Q1 revenues of €34m, up 1.1% YoY like-for-like1 • Contribution of the EGNOS GEO-4 contract on HOTBIRD 13G 144  Revenues down 25.2% QoQ • One-off contract of €14m with the German space agency, DLR, Q4 booked in Q4 FY 2022-23 45  Excluding this impact, +9.5% QoQ like-for-li

  12. Slide 12: Mobile connectivity

    Mobile connectivity 13% 110  Q1 revenues of €35m, up 44.1% YoY like-for-like1 • Commercialization of the final beam on EUTELSAT QUANTUM for a maritime mobility client • Entry into service of EUTELSAT 10B, with significant pre- Q4 27 commitments and recent deals, especially in Maritime, such as the

  13. Slide 13: Fixed connectivity

    Fixed connectivity 15%  Q1 revenues of €40m, down 2.6% YoY like-for-like1 178 • Wholesale agreements with Orange, TIM, Hispasat and Swisscom fully embarked Q4 41  Revenues up by 6.5% QoQ • Resale of OneWeb capacity for data usages in Alaska Q3 44  Set to deliver double-digit growth over the Full

  14. Slide 14: Backlog

    Backlog OPERATIONAL & UTILIZED TRANSPONDERS BACKLOG (€BN) Excluding Managed services  Broadly stable versus end-June 2023  Consumption of the Video backlog, in the absence of 4.3.90 major renewals, compensated by strong commercial 3.4 3.4 momentum in Connectivity  Representing 3.0 years of revenu

  15. Slide 15: Outlook

    Outlook ©2023 Eutelsat Group. All rights reserved.

  16. Slide 16: Eutelsat Group Financial Objectives confirmed

    Eutelsat Group Financial Objectives confirmed ► Between €1.32-1.42bn in FY 2024, GROUP REVENUES ► Between €1.55-1.75bn in FY 2025, ► Circa €2.0bn in FY 2027 ► Between €725-825m in FY 2024, ADJUSTED EBITDA ► Between €900m-1.1bn in FY 2025, ► Circa €1.4bn in FY 2027 ► €725-875m per annum on average, o

  17. Slide 17: Upcoming launches

    Upcoming launches NAME EUTELSAT 36D FLEXSAT AMERICAS Orbital 36° East - Position Approx. Entry into service date1 H2 2024 2026 (delivery) Manufacturer Coverage Africa, Russia, Europe, Middle East Americas Video Connectivity Applications Government Total capacity 70 transponders in Ku-band Over 100 G

  18. Slide 18: Q&A

    Q&A ©2023 Eutelsat Group. All rights reserved.

Eutelsat Group — Q1 2023-24 Earnings Presentation on 6ix