Shenandoah Telecommunications Co · NASDAQ:SHEN
Shenandoah Telecommunications — Shareholder Meeting (May 2018)
34 slides from Shenandoah Telecommunications's shareholder meeting presentation, May 2, 2018
Slide 1: 2018 Shareholder Meeting
May 1, 2018 2018 Shareholder Meeting
Slide 2: Safe Harbor Statement
2 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
3 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 activit
Slide 4: Management Reports: Chris French, President and CEO
Management Reports Chris French President and CEO
Slide 5: Financial Highlights
5 Financial Highlights (in millions) x Revenue Net Income Operating Income x x 2015 2017 2016 Operating Expense
Slide 6: Cash Dividend History
6 Cash Dividend History (per Share, Split Adjusted) x x
Slide 7: Net Income History
7 Net Income History (in millions) x x x $24.1 $15.1 $18.1 $13.0 $16.3 $29.6 $33.9 $40.9 ($0.9) $66.4 -$10 $0 $10 $20 $30 $40 $50 $60 $70 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Slide 8: Adjusted OIBDA History
8 Adjusted OIBDA History (in millions) x x x $72.5 $76.6 $84.0 $93.1 $106.8 $118.6 $132.1 $150.9 $246.1 $280.9 $0 $50 $100 $150 $200 $250 $300 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Slide 9: Access, Local, and Fiber Lease External Revenue
9 Access, Local, and Fiber Lease External Revenue (in millions)
Slide 10: Fiber Network
10 Fiber Network Shepherdstown Charleston Summersville Weston Beckley Covington Franklin Petersburg Amherst Atlanta , GA ( Telx ) Martinsville Danville Rustburg Appomattox Farmville Crewe Rocky Mount Dinwiddie Clarksville Blackstone Kenbridge Lawrenceville Radford Wytheville Keysville Lebanon Pinevi
Slide 11: Wireless Data Growth
Wireless Data Growth Monthly Average Gigabytes per Customer 2 : a | — mo i |_| 2010 2011 2012 2013 2014 2015 2016 2017 uw cS w
Slide 12: Wireless & Cable Data Growth
12 Wireless & Cable Data Growth
Slide 13: Cable Revenue Generating Units
13 Cable Revenue Generating Units (in thousands) (Year End)
Slide 14: Wireless Network Expansion – Effective February 1, 2018
14 Wireless Network Expansion – Effective February 1, 2018
Slide 15: Cumulative Total Shareholder Return
15 Cumulative Total Shareholder Return x 2012 2013 2014 2015 2016 2017 SHENANDOAH TELECOMMUNICATIONS COMPANY 100 170 211 293 375 468 NDAQ US 100 133 150 151 170 207 NDAQ TELECOM STOCKS 100 113 116 121 149 149
Slide 16: Split-Adjusted Stock Price and Value of Original Share
16 Split - Adjusted Stock Price and Value of Original Share x
Slide 17: Management Reports: Jim Woodward, Sr. VP of Finance and CFO
Management Reports Jim Woodward Sr. VP of Finance and CFO
Slide 18: Mix of External Revenues
18 Mix of External Revenues (in millions)
Slide 19: Operating Expenses
19 Operating Expenses (in millions)
Slide 20: Capitalization – As of 12/31/17
20 Capitalization – As of 12/31/17 (in millions)
Slide 21: Adjusted OIBDA by Segment
21 Adjusted OIBDA by Segment (in millions)
Slide 22: Management Reports: Earle MacKenzie, EVP and COO
Management Reports Earle MacKenzie EVP and COO
Slide 23: PCS Postpaid Subscribers
23 PCS Postpaid Subscribers (in thousands) (Year End)
Slide 24: PCS Postpaid Average Revenue Per Unit
24 PCS Postpaid Average Revenue Per Unit
Slide 25: PCS Prepaid Subscribers
25 PCS Prepaid Subscribers (in thousands) (Year End)
Slide 26: PCS Prepaid - Average Revenue per User
26 PCS Prepaid - Average Revenue per User
Slide 27: PCS Customer Migrations
27 PCS Customer Migrations (in thousands)
Slide 28: Network Following nTelos Acquisition
Network Following nTelos Acquisition 28
Slide 29: Cable Revenue Generating Units
29 Cable Revenue Generating Units (in thousands) x Customers 77,828 72,734 77,366 (Year End)
Slide 30: Cable Average Monthly Revenue per Customer
30 Cable Average Monthly Revenue per Customer
Slide 31: Wireline Customers
31 Wireline Customers (Year End)
Slide 32: Investing in the Future: Capex Spending
32 Investing in the Future (in millions) Capex Spending
Slide 33: 33
33
Slide 34: 2018 Shareholder Meeting
May 1, 2018 2018 Shareholder Meeting
Shenandoah Telecommunications — Shareholder Meeting (May 2018) on 6ix