Shenandoah Telecommunications Co · NASDAQ:SHEN
Shenandoah Telecommunications — Shareholder Meeting (April 2015)
38 slides from Shenandoah Telecommunications's shareholder meeting presentation, Apr 21, 2015
Slide 1: 2015 Shareholder Meeting
2015 Shareholder Meeting April 21, 2015
Slide 2: Management Reports: Chris French, President and CEO
Management Reports Chris French President and CEO
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our business strategy, our prospects and our financial position. Th
Slide 4: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures Included in this presentation are certain non-GAAP financial measures that are not determined in accordance with US generally accepted accounting principles. These financial performance measures are not indicative of cash provided or used by operating activities an
Slide 5: Record Financial Results
Record Financial Results Earnings per Share Revenue (Diluted) Net Income Dividend x x 2014 2013 2012 5
Slide 6: Cash Dividend History (per Share, Split Adjusted)
Cash Dividend History (per Share, Split Adjusted) x x 6
Slide 7: Earnings Per Share (Diluted)
Earnings Per Share (Diluted) x x 7
Slide 8: Total Long Term Debt to Assets
Total Long Term Debt to Assets (in millions) Debt as % 12% 42% 38% 41% 39% 36% of Assets 8
Slide 9: Stock Price (Nov 2011 – Apr 2015)
Stock Price (Nov 2011 – Apr 2015) Note: Stock prices through April 15, 2015 9
Slide 10: Data Growth
Data Growth 1000 co oS o @ Wireless 600 p [=] o Monthly Average Total Terabytes 200 2010 2011 2012 2013 2014 10
Slide 11: Data Growth
Data Growth 3500 3000 g m@ Wireless m@ Cable Monthly Average Total Terabytes 2010 2011 2012 2013 2014 11
Slide 12: Wireless Highlights
Wireless Highlights Postpaid Growth Postpaid customers up 5.2% over last 12 months.2% over last 12 Prepaid Growth Prepaid customers up 5.9% over last 12 months of $5.7 million, or 9.0% 12
Slide 13: Cable Revenue Generating Units
Cable Revenue Generating Units (in thousands) (Year End) 13
Slide 14: Fiber Network, Mid-Atlantic Region
Fiber Network, Mid-Atlantic Region PA MD WV VA 14
Slide 15: Fiber Network, Local
Local Fiber Network, Ihe iter
Slide 16: Fiber and Tower Lease Revenue
Fiber and Tower Lease Revenue (in millions) 16
Slide 17: Access Revenue
Access Revenue (in millions) 17
Slide 18: Regulatory Uncertainties
Regulatory Uncertainties • Broadband Regulation via Title II – Including “Net Neutrality” • Universal Service Fund – Connect America Fund 18
Slide 19: Rural Service Areas
Rural Service Areas ASHENTEL’ 19
Slide 20: Employees
Employees 20
Slide 21: Management Reports: Earle MacKenzie, EVP and COO
Management Reports Earle MacKenzie EVP and COO
Slide 22: PCS Postpaid Subscribers
PCS Postpaid Subscribers (in thousands) (Year End) 22
Slide 23: PCS Postpaid Gross Billed Revenue per User
PCS Postpaid Gross Billed Revenue per User 23
Slide 24: PCS Prepaid Gross Billed Revenue per User
PCS Prepaid Gross Billed Revenue per User 24
Slide 25: How Does Shentel's Wireless Compare?
How Does Shentel’s Wireless Compare? 2014 Results (in thousands) Shentel Verizon AT&T Sprint US T‐Mobile NTELOS PCS Wireless Mobile Nextel Cellular Covered POPS 2,207 305,000 321,000 301,000 282,000 31,729 6,000 2014 Net Adds / 22 5,412 5,641 ** 8,334 575 (14) (16) (Loss) % Growth 5.4% 5.3% 5.1% **
Slide 26: Cable Revenue Generating Units
Cable Revenue Generating Units (in thousands) (Year End) Customers 68,385 69,538 71,298 x 26
Slide 27: Cable Average Monthly Revenue per Customer
Cable Average Monthly Revenue per Customer 27
Slide 28: How Does Shentel Cable Compare?
How Does Shentel Cable Compare? (Year End) Peer 2010 2011 2012 2013 2014 Average * Video Homes Passed 162,763 166,114 168,475 170,470 171,589 Penetration 37% 35% 33% 31% 30% 32% High‐speed Internet Available Homes 144,099 156,119 163,273 168,255 171,589 Penetration 22% 24% 25% 27% 30% 31% Voice Avai
Slide 29: Wireline Customers
Wireline Customers (Year End) 29
Slide 30: New Fiber Lease Contracts Signed
New Fiber Lease Contracts Signed (in millions) 30
Slide 31: Major Upgrades Completed – CapEx Spending
Major Upgrades Completed – CapEx Spending (in millions) Note: CapEx spending shown above excludes the effects of unpaid invoices at year end on annual amounts as reflected in cash flow schedules. 31
Slide 32: Management Reports: Adele Skolits, VP of Finance and CFO
Management Reports Adele Skolits VP of Finance and CFO
Slide 33: Consolidated Operating Revenues
Consolidated Operating Revenues (in millions) 33
Slide 34: Mix of Revenues
Mix of Revenues (in millions) 34
Slide 35: Mix of Operating Expenses
Mix of Operating Expenses (in millions) Note: 2012 includes $11.0 in Goodwill Impairment charges and $6.1 in favorable adjustments for prior year Prepaid activities. 35
Slide 36: Operating Income
Operating Income (in millions) 36
Slide 37: Operating Cash Flow Less Capital Spending
Operating Cash Flow Less Capital Spending (in millions) 37
Slide 38: 2015 Shareholder Meeting
2015 Shareholder Meeting April 21, 2015
Shenandoah Telecommunications Company — Shareholder Meeting (April 2015) on 6ix