Comcast Corporation · NASDAQ:CMCSA

Comcast — Merger or Acquisition (March 2004)

13 slides from Comcast's merger presentation, Mar 8, 2004

  1. Slide 1: Slide 1

  2. Slide 2: Safe Harbor: Caution Concerning Forward-Looking Statements

    Safe Harbor Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify those so-called “forward-looking statements” by words such as “may,” “will,” “sh

  3. Slide 3: Largest U.S. Cable Company

    • Largest U.S. Cable Company • Largest U. S. Broadband Provider • A Growing Portfolio of Valuable Cable Channels

  4. Slide 4: A History of Growth Fueled by Cable

    A History of Growth . . . Fueled by Cable ($s and Subs In Millions) 1990 1998 2003 Cable Revenue $591 $2,287 $17,491 Cable OCF $264 $1,101 $6,350 Basic Subscribers 2.4 4.5 21.5 High-Speed Internet Subs -0- .142 5.3 Revenue Generating Units 2.4 4.7 35.7 Employees 3,500 10,600 60,000 Building Value in

  5. Slide 5: Comcast Digital Cable Strategy

    Comcast Digital Cable Strategy Compete and Build Value Through Consisten Product Enhancements "TV on your terms" | | | Availability (% of basic subscribers) VOD HDTV DVR YE03 50% 75% 10% YE04 85% 85% 100%

  6. Slide 6: Comcast High-Speed Internet Subscribers

    Comcast High-Speed Internet Subscribers (000s)

  7. Slide 7: Comcast High-Speed Internet: A Superior Product

    Comcast High-Speed Internet Building A Superior Product with Superior Features

  8. Slide 8: Capex decline (Billions)

    (Billions) $6.0 50+% Decline in Capex over 3 years $3.0 $0.0 2002 © 2003E + 2004E 2005E jm Upgrade om Variable =m Maintenance

  9. Slide 9: Why Disney? Combination Creates Significant New Business Opportunities

    *Operating Cash Flow less Cap Ex, Interest Expense and Cash Taxes. All amounts exclude QVC and One-Time Tax Payments. Why Disney? Combination Creates Significant New Business Opportunities n Launch New Cable Channels n Maximize On Demand Capability for Digital Cable Customers n VOD Movies In Attract

  10. Slide 10: Shareholder value: 1,000 shares purchased in the IPO at $7

    1,000 shares of Comcast purchased in the IPO for $7 per share

  11. Slide 11: (1) Published on September 27, 2002

    Note: (1) Published on September 27, 2002

  12. Slide 12: Slide 12

  13. Slide 13: Comcast

    (comcast

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