SES SA FDR (Class A) · EURONEXT:SESG
SES SA FDR (Class A) — SES — Q3 2015 Earnings Presentation
19 slides from SES SA FDR (Class A)'s earnings presentation, Oct 30, 2015
Slide 1: YTD and Q3 2015 Results
YTD and Q3 2015 Results Ended 30 September 2015 Date 30 October 2015 Q3 2015 Results
Slide 2: Q3 2015 highlights
Q3 2015 highlights Differentiated strategy focusing on four market verticals Video Fixed Data Mobility Government SES’s global business generating revenue and profit growth Pioneering the commercial introduction of Ultra HD Solid medium-term growth drivers in Global Video, Next Generation Data
Slide 3: Financial highlights
Financial highlights YTD 2015 Growth as Growth at EUR million reported constant FX(1) Revenue 1,492.6 +6.1% -2.9% EBITDA 1,106.5 +5.4% -3.6% Profit after tax(2) 473.5 +3.7% n/a Diversified, global revenue profile driving increase in reported revenue and profit 1) At constant FX refers to the resta
Slide 4: Regional revenue developments (YTD 2015)
Regional revenue developments (YTD 2015) Europe EUR 760.1 million Further growth in Services and Infrastructure revenue +0.3% as reported(1) Final four txps sold to ETL (YTD 2014: eight txps sold) UHD agreements with pearl.tv, TERN and Sky Deutschland +0.4% at constant FX(1) North America EUR
Slide 5: Capturing the benefit of consumer demand for high quality video
Capturing the benefit of consumer demand for high quality video HD channels grew 18.6% (YOY); now represents over 30% of all SES channels Achieving important milestones in accelerating the commercial introduction of Ultra HD Six commercial UHD agreements secured YTD 2015 Q3 2015 Results 4
Slide 6: Gaining industry-wide momentum and support for SAT>IP
Gaining industry-wide momentum and support for SAT>IP Satellite-enabled solution to complement linear experience, with non-linear capabilities Delivering satellite signal to any connected IP device SAT>IP Alliance established to encourage SAT>IP’s development and adoption Q3 2015 Results 5
Slide 7: Developing SES's Next Generation Data and Mobility business
Developing SES’s Next Generation Data and Mobility business Expanding commercial relationship with Global Eagle for aeronautical connectivity • Significantly enhancing the passenger experience with up to double the capacity provided SES Techcom partnership with Post Telecom to develop worldwide
Slide 8: O3b building on a first and highly successful year of operations
O3b building on a first and highly successful year of operations “It is a game changer for us, it is also a game “Digicel provides faster downloads, higher productivity changer for the guests we’re going to attract to come and the best value in Samoa … We provide these on board. It enables us to pro
Slide 9: Delivering sustained medium-term growth
Delivering sustained medium-term growth 2016 2017 2018 SES-9 (Asia-Pacific) and SES-10 (Latin America) Global Video 80 incremental transponders with anchor customers Next Generation Data SES-12, SES-14 and SES-15 and Mobility Global HTS platform (36GHz) Next Generation SES-16/GovSat Government 68 in
Slide 10: Financial Review
FINANCIAL REVIEW Padraig McCarthy, CFO Q3 2015 Results
Slide 11: Financial highlights
Financial highlights YTD 2015 YTD 2014 Growth as Growth at EUR million EUR million reported constant FX Revenue 1,492.6 1,406.6 +6.1% -2.9% EBITDA 1,106.5 1,049.7 +5.4% -3.6% EBITDA margin 74.1% 74.6% -50 bps -60 bps Profit after tax 473.5 456.8 +3.7% n/a Profit of the group 375.5 437.9 -14.2% n/a N
Slide 12: Revenue up 6.1% (-2.9% at constant FX)
Revenue up 6.1% (-2.9% at constant FX) Revenue walk EUR million +129.8(1) 1,536.4 +3.4 +0.4% at constant FX 1,492.6 (12.4) 1,406.6 (+0.3% as reported) -4.1% at constant FX (34.8) (+15.8% as reported) -7.3% at constant FX Infrastructure and (+11.1% as reported) Services growth offset by lower Impact
Slide 13: Fleet utilisation
Fleet utilisation Utilised transponders(1) Q3 2015 Q3 2014 Change Europe 302 292 +10 txps North America 264 269 -5 txps International 520 549 -29 txps Total utilised transponders 1,086 1,110 -24 txps Total available transponders 1,502 1,534 -32 txps Available capacity impacted by NSS-7’s transfer
Slide 14: EBITDA up 5.4% (-3.6% at constant FX)
EBITDA up 5.4% (-3.6% at constant FX) EBITDA walk EUR million +98.6(1) 1,148.3 +2.1 1,106.5 1,049.7 (43.9) EBITDA EBITDA EBITDA Margin Margin Margin 74.7% 74.1% 74.6% YTD 2014 FX YTD 2014 Change in Change in YTD 2015 Actual adjustment Constant FX revenue operating expenses Actual 1) 9.4% translation
Slide 15: Infrastructure and Services revenue and EBITDA margin
Infrastructure and Services revenue and EBITDA margin Revenue EBITDA margin YTD 2015 Growth as Growth at YTD 2015 YTD 2014 at EUR million reported constant FX constant FX Infrastructure 1,274.2 +5.2% -3.9% 84.0% 84.1% Services 380.5 +16.2% +5.6% 16.2% 15.8% Elimination/ (162.1) +22.9% +8.1% n/a n/a
Slide 16: Other items contributing to Net Profit
Other items contributing to Net Profit Depreciation and amortisation walk Net financing costs walk EUR million EUR million +50.2 +7.7 440.1 124.5 (11.0) 393.2 +3.2 103.7 (23.5) (0.5) YTD 2014 FX Changes to Changes to YTD 2015 YTD 2014 Net foreign Net interest Capitalised YTD 2015 Actual adjustment d
Slide 17: Lowering replacement CapEx; accelerating growth
Lowering replacement CapEx; accelerating growth Capital Expenditure profile EUR million At 24 July 2015: 580 650 495 450 450 900 54 Total 2015-2019: EUR 2.6 billion(1) 680 60 80 600 540 60 60 495 70 450 450 781 57 60 300 631 59 540 350 390 480 362 365 288 60 40 60 0 2011 2012 2013 2014 2015 2016 201
Slide 18: Financial guidance unchanged
Financial guidance unchanged At constant FX(1) Revenue EBITDA FY 2015 Around minus 3% Around minus 3.5% Guidance on other key financial elements for FY 2015 also unchanged SES-9 launch is targeted for end-Q4 2015 SES will provide an update on its future guidance with the FY 2015 results (Febru
Slide 19: Disclaimer
Disclaimer This presentation does not, in any jurisdiction, including without limitation in the U.S., constitute or form part of, and should not be construed as, any offer for sale of, or solicitation of any offer to buy, or any investment advice in connection with, any securities of SES, nor shou