Shenandoah Telecommunications Co · NASDAQ:SHEN
Shenandoah Telecommunications — Merger or Acquisition (April 2010)
13 slides from Shenandoah Telecommunications's merger presentation, Apr 19, 2010
Slide 1: Investor Conference Call
Investor Conference Call April 19, 2010 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. Th
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 an
Slide 4: Deal Highlights
Deal Highlights n Structured as an asset purchase n Purchase Price = $148 n 115 thousand homes passed and serves 66 thousand RGUs u 44 thousand video customers u 21 thousand data customers u 2 thousand voice customers n Network u 3,200 miles u 900 miles of fiber u 84% two way n Competition u No fibe
Slide 5: Deal Highlights - Continued
Deal Highlights - Continued n Operating Income before Interest and Depreciation u $15.5 before Corporate office costs u $13.8 after Corporate office costs n Financing u Syndicated debt deal u $198m Term Loan u $50m Undrawn Revolver u Oversubscribed at more than 150% of needs
Slide 6: JBB Acquisition - Rationale
JBB Acquisition - Rationale q Diversification q Scale q Below Market Penetration q Geographic Fit q Synergies q Leveraging Core Competencies q Coaxial Network
Slide 7: Percent of Homes Passed with Services
Percent of Homes Passed with Services
Slide 8: SHENTEL
0 SHENTEL JBB Fiber Headend (@D Shentel Cable Areas if Hab Site (— BB Cable Areas RF Hub Site Direct-fed Nodes Shentel Fiber “77 Leased Wavelength o@e@e0 IRU Fiber New Fiber
Slide 9: Key Operational Metrics - With Acquisition
Cable Homes Passed (in 000’s) RGUs (in 000’s) Revenues (in millions) OIBDA (in millions) Key Operational Metrics - With Acquisition Pro Forma for Periods Ending December 31, 2009
Slide 10: Level of Debt
Debt (in millions) Debt to EBITDA Ratio Level of Debt Pro Forma for Periods Ending December 31, 2009
Slide 11: Capital Expenditures by Segment ($ millions)
Capital Expenditures by Segment ($ millions)
Slide 12: JBB Execution
JBB Execution q Success with Rapid Acquisition q Network Interconnection q Proven Technologies q Similar Demographics q Proximity q Low Regulatory Risk q Strategic Owner Appeal
Slide 13: SHENTEL
<0" SHENTEL
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