SES SA FDR (Class A) · EURONEXT:SESG
SES SA FDR (Class A) — SES Global — Q3 2006 Earnings Presentation
11 slides from SES SA FDR (Class A)'s earnings presentation, Nov 6, 2006
Slide 1: Q3 2006 Financial Results
Q3 2006 Financial Results 6 November 2006 Status: 30 Oct 2006 @ 12:00 am
Slide 2: Disclaimer
Disclaimer • This presentation does not constitute or form part of, and should not be construed as, any offer for sale of, or solicitation of any offer to buy, any securities of SES GLOBAL S.A. (“SES GLOBAL”) nor should it or any part of it form the basis of, or be relied on in connection with, any
Slide 3: Q3 2006 Financial Highlights
Q3 2006 Financial Highlights • Strong revenue development, with organic growth boosted by scope changes and one-time items − Recurring revenues rose 7.1% over the prior year period • First-time consolidation of SES NEW SKIES and ND SatCom as well as one- time items and boosted total revenues to EUR
Slide 4: Scope changes & One-time items
Scope changes & One-time items Scope changes: • On a quarterly comparison Q3 2006 saw the first-time consolidation of SES NEW SKIES and ND SatCom increasing revenues by EUR 49.3 m and by EUR 21.9 m respectively One-off items: • Connexion by Boeing termination payment − USD 49 m related to AMC-23 ter
Slide 5: Financial Results
SESAGLOBAL ——_—;zOL Financial Results
Slide 6: Revenues – ytd Sep 2006
Revenues – ytd Sep 2006 29.3% vs ytd Sep 2005 EUR m 7.6% 1,192 1,072 984 922 914 120 88 (18) 10 69 Ytd Q3 2005 Non- Constant FX / Ytd Q3 2005 Organic Ytd Q3 2006 Non- Ytd Q3 2006 New Skies Ytd Q3 2006 (as reported) recurring Scope (recurring, growth (recurring, recurring (same scope) (Q2 & Q3 (as re
Slide 7: EBITDA – ytd Sep 2006
EBITDA – ytd Sep 2006 26.0% vs ytd Sep 2005 EUR m 8.1% 823 750 693 654 641 73 57 (18) 5 52 Ytd Q3 2005 Non- Constant FX Ytd Q3 2005 Organic Ytd Q3 2006 Non- Ytd Q3 2006 New Skies Ytd Q3 2006 (as recurring / Scope (recurring, growth (recurring, recurring (same (Q2 & Q3 (as reported) 2005 change same
Slide 8: Quarterly development – ytd Sep 2006
Quarterly development – ytd Sep 2006 EUR m ytd Sep - New Skies ND SatCom ytd Sep - full same scope (after elim.) (after elim.) scope Revenue - as reported 1,071.7 98.6 21.9 1,192.3 OpEx - as reported 321.2 28.1 19.6 368.9 EBITDA - as reported 750.5 70.5 2.3 823.4 EBITDA margin 70.0% 71.5% 10.7% 69.1
Slide 9: Business segmentation – ytd Sep 2006
Business segmentation – ytd Sep 2006 YTD Infrastructure Asia, Other & EUR m EMEA Americas New Skies Total Elim Revenues 583.7 357.9 93.6 23.4 1,058.6 EBITDA 483.8 260.1 67.9 16.8 828.6 Margin % 82.9% 72.7% 72.6% 71.8% 78.3% Services EMEA Americas New Skies Asia, Other & Sub-Total Project start- Tota
Slide 10: Revenue and EBITDA ranges – 2006 guidance
Revenue and EBITDA ranges – 2006 guidance FY 2006 August 7, 2006 November 6, 2006 EUR m Full scope Same scope Same scope Full scope New Skies ND SatCom Elimination + Same scope before one-off w/o CbB term. with CbB term. before one-off Full scope (9 months) (6 months) One-off costs cost payment paym
Slide 11: Revenue and EBITDA ranges – 2007 guidance
Revenue and EBITDA ranges – 2007 guidance Remark: For the purpose of a true comparison we have restated the 2006 ranges to reflect a pro forma full year for New Skies and ND SatCom FY 2007 November 6, 2006 EUR m 2006 2007 Pro forma Full scope before Non-recurring & 2006 (normalised Organic growth &