Shenandoah Telecommunications Co · NASDAQ:SHEN
Shenandoah Telecommunications — Shareholder Meeting (April 2013)
44 slides from Shenandoah Telecommunications's shareholder meeting presentation, Apr 17, 2013
Slide 1: 2013 Shareholder Meeting
April 16, 2013 2013 Shareholder Meeting Exhibit 99.1
Slide 2: 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.
Slide 3: 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
Slide 4: 2013 Shareholder Meeting
April 16, 2013 2013 Shareholder Meeting
Slide 5: Operating Revenues (in millions)
* Operating Revenues (in millions)
Slide 6: Net Income (in millions)
Net Income (in millions) $24.1 25.5% Growth $18.1 $15.1 2008 2009 2010 2011 2012
Slide 7: Cash Provided by Operating Activities (in millions)
* Cash Provided by Operating Activities (in millions)
Slide 8: Capital Expenditures (in millions)
* Capital Expenditures (in millions) Note: CapEx spending for 2012 includes $24.7 in Accounts Payable at 12/31/2012.
Slide 9: Sprint Amendment Key Points
* Sprint Amendment Key Points Allows us to provide 4G LTE service and remain competitive Additional spectrum for more capacity and better coverage Initial 20 year contract extended five years from November 2019 to November 2024
Slide 10: Sprint-SoftBank
Sprint-SoftBank Sprint y | SoftBank UASHENTEL
Slide 11: Cable Segment
* Cable Segment Focused on long-term results Upgrade of acquired networks Improve quality of service Offer best high-speed internet Improve customer experience Re-launch service with new brand
Slide 12: Telephone Company Access Line Losses
* Telephone Company Access Line Losses
Slide 13: Programming Expense Increases
* Programming Expense Increases ESPN Fox News TNT USA Nickelodeon Disney MTV Discovery AMC HGTV 30% 28% 49% 19% 75% 44% 400% 40% 81% 39% % Increase per Sub 2007 to 2013 Networks
Slide 14: Revenue vs. Assets vs. Shareholder Equity - 2007
* Revenue vs. Assets vs. Shareholder Equity - 2007 (Year End)
Slide 15: Revenue vs. Assets vs. Shareholder Equity - 2012
* Revenue vs. Assets vs. Shareholder Equity - 2012 (Year End)
Slide 16: Traditional Service Revenues (in millions)
* Traditional Service Revenues (in millions)
Slide 17: Earle MacKenzie, EVP and COO
-— Earle MacKenzie EVP and COO U\SHENTEL
Slide 18: PCS Postpaid Subscribers
* PCS Postpaid Subscribers (in thousands) (Year End)
Slide 19: PCS Postpaid Gross Billed Revenue per User
* PCS Postpaid Gross Billed Revenue per User
Slide 20: PCS Prepaid Subscribers
* PCS Prepaid Subscribers (in thousands) Note: The Company purchased 49.9 subscribers effective 7/1/2010. Net Adds for 2010 are for the 6 months ended 12/31/2010. (Year End)
Slide 21: PCS Prepaid Gross Billed Revenue per User
* PCS Prepaid Gross Billed Revenue per User
Slide 22: How Does Shentel's Wireless Compare?
* How Does Shentel’s Wireless Compare? Note: Total Subs includes both Wholesale Subscribers and Connected Device data plans.
Slide 23: Why Invest in Network Vision?
* Why Invest in Network Vision? Keeps Shentel’s network aligned with Sprint’s Allows Shentel to remain competitive with Verizon and AT&T Improve customers’ experience Provide 4G LTE service in entire coverage area Provide better in building and overall coverage Gives Shentel potential to leverage in
Slide 24: Network Vision Update
* Network Vision Update Leasing and Zoning Complete 454 out of 520 sites Sites on Air 296 out of 520 sites Sites with 4G LTE Launched 247 out of 520 sites 4G LTE Service Available to 70 % of Covered Pops Note: All Network Vision Update figures are as of April 8, 2013.
Slide 25: Shentel - Always connected to you
A\SHENTEL Always connected to you
Slide 26: Video #1
VIDEO #1
Slide 27: Video #2
VIDEO #2
Slide 28: Shentel - Always connected to you
A\SHENTEL Always connected to you
Slide 29: Cable Revenue Generating Units
* Cable Revenue Generating Units (in thousands) (Year End)
Slide 30: Cable Average Monthly Revenue per Customer
* Cable Average Monthly Revenue per Customer
Slide 31: How Does Shentel Cable Compare?
* How Does Shentel Cable Compare? * Note: Industry Average information from SNL Kagan. (Year End)
Slide 32: Wireline Customers
* Wireline Customers (in thousands) (Year End)
Slide 33: New Fiber Lease Contracts Signed
* New Fiber Lease Contracts Signed (in millions)
Slide 34: Investing in the Future – CapEx Spending
* Investing in the Future – CapEx Spending (in millions) Note: CapEx spending for 2012 includes $24.7 in Accounts Payable at 12/31/2012.
Slide 35: Adele Skolits, VP of Finance and CFO
* Adele Skolits VP of Finance and CFO
Slide 36: Consolidated Operating Revenues (in millions)
* Consolidated Operating Revenues (in millions)
Slide 37: Mix of Operating Revenues (in millions)
* Mix of Operating Revenues (in millions)
Slide 38: Change in Mix of Revenues
Change in Mix of Revenues 2008 2012 Wireline 24% Cable 4% 13% _| | 26% Wireless 61% Wireless 72% U\SHENTEL 38
Slide 39: Operating Expenses (in millions)
* Operating Expenses (in millions)
Slide 40: Mix of Operating Expenses (in millions)
* Mix of Operating Expenses (in millions) Note: 2012 Cost of Goods and Services includes $11.0 in Goodwill Impairment charges.
Slide 41: Debt Maturities (in millions)
* Debt Maturities (in millions)
Slide 42: Adjusted OIBDA ($ in millions)
* Adjusted OIBDA ($ in millions)
Slide 43: Cash Dividends per Share
* Cash Dividends per Share Note: For 2003 – 2006, per share data reflects 3 for 1 stock split effective August 2007.
Slide 44: 2013 Shareholder Meeting
April 16, 2013 2013 Shareholder Meeting
Shenandoah Telecommunications — Shareholder Meeting (April 2013) on 6ix