Eutelsat Communications Sa · EURONEXT:ETL

Eutelsat Communications Sa — Q1 2022-23 Earnings Presentation

16 slides from Eutelsat Communications Sa's earnings presentation, Oct 12, 2022

  1. Slide 1: First Quarter 2022-23 Revenues

    FIRST QUARTER 2022-23 REVENUES 12 October 2022

  2. Slide 2: Agenda

    AGENDA 1. Key Events 2. Q1 2022-23 Performance 3. Outlook 2

  3. Slide 3: Highlights

    HIGHLIGHTS Successful launch of KONNECT VHTS paving the way for • connectivity-driven return to growth Operating Verticals revenues of €291 million, down 4%, in line • with the mid-point of Full Year objectives Continued robust double-digit growth in Fixed Broadband and Mobile Connectivity Progress

  4. Slide 4: Agenda

    AGENDA 1. Key Events 2. Q1 FY 2022-23 Performance 3. Outlook 4

  5. Slide 5: Q1 Revenues

    Q1 REVENUES  Total revenues of €287m, down 4.5% Q1 Y-o-Y revenue bridge (€m)  Positive currency effect • €/$ rate of 1.02 vs 1.18 last year -4.3% +18  No perimeter effect (6) (12)  Negative change of -€6m in ‘Other Revenues’ • Most of the variation reflecting hedging 287 287  Revenues of the Op

  6. Slide 6: Q1 FY 2022-23 Revenues by Application

    Q1 FY 2022-23 REVENUES BY APPLICATION REVENUE REVENUES LIKE-FOR-LIKE2 LIKE-FOR-LIKE2 CONTRIBUTION1 (€m) YOY CHANGE QOQ CHANGE BROADCAST 59% 170 -7.4% -3.4% DATA & 14% PROFESSIONAL 41 -2.4% -2.4% VIDEO GOVERNMENT 12% SERVICES 35 -17.7% -8.2% FIXED BROADBAND 6% 19 +21.1% -15.7% MOBILE CONNECTIVITY 9%

  7. Slide 7: Broadcast

    BROADCAST 59%  Q1 revenues of €170m, down 7.4% YoY like-for-like1 • Carry-forward effect of the partial renewal of capacity with Nilesat at 785 7/8° West in October 2021 697 • Excluding the 7/8° West impact, revenues down at a low-single digit pace Q4 174  Revenues down 3.4% QoQ Q3 173 • One-off e

  8. Slide 8: Data & Professional Video

    DATA & PROFESSIONAL VIDEO 14%  Q1 revenues of €41m, down 2.4% YoY like-for-like1  Revenues down 2.4% QoQ • Seasonality of ‘Occasional Use’ 159  Revenues slightly down in Fixed Data • Improved volume trends now offsetting most of the impact of Q4 41 competitive pressure Q3 40  Professional Video

  9. Slide 9: Government Services

    GOVERNMENT SERVICES 12%  Q1 revenues of €35m, down 17.7% YoY like-for-like1 • Negative carry-forward effect of USG renewals • Partially offset by contribution of EUTELSAT QUANTUM 144 161  Revenues down 8.2% QoQ • Transfer of capacity sold on EUTELSAT QUANTUM from Q4 36 Government to Mobile Connect

  10. Slide 10: Fixed Broadband

    FIXED BROADBAND 6%  Q1 revenues of €19m, up 21.1% YoY like-for-like 1 • Carry-forward effect of November 2021 wholesale agreement with Hispasat 69 77 • Multi-beam agreement signed last year on EUTELSAT 65 West A with several Mexican service providers • Continued progress at our African operations Q

  11. Slide 11: Mobile Connectivity

    MOBILE CONNECTIVITY 9%  Q1 revenues of €26m, up 31.4% YoY like-for-like1 80 79 • Continued progress in Maritime driven by the agreement with Telenor • Contribution of EUTELSAT QUANTUM with 2 beams Q4 23 commercialized for incremental capacity  Revenues up 8.7% QoQ Q3 21  Double-digit growth expec

  12. Slide 12: Backlog & Fill Rate

    BACKLOG & FILL RATE BACKLOG (€BN) OPERATIONAL & UTILIZED TRANSPONDERS Fill rate 71.5% 73.2% 72.9% 4.2 4.0 3.9 1,376 1,361 1,359 984 996 990 Operational Transponders Broadcast 64% 62% 61% Utilized Transponders 30 Sept. 2021 30 June 2022 30 Sept. 2022 30 Sept. 2021 30 June 2022 30 Sept. 2022 • 3.4 yea

  13. Slide 13: Agenda

    AGENDA 1. Key Events 2. Q1 FY 2022-23 Performance 3. Outlook 13

  14. Slide 14: Financial Outlook Confirmed

    FINANCIAL OUTLOOK CONFIRMED ► Between €1,150 to €1,180m in FY 2022-231 OPERATING VERTICALS ► Growth from FY 2023-24 REVENUES1 ► Not exceeding €400m2 per annum for each CASH CAPEX of the next two fiscal years (FY 2022-23 / FY 2023-24) ► Average of €420m per year over the next ADJUSTED DISCRETIONARY t

  15. Slide 15: Future Launches

    FUTURE LAUNCHES EUTELSAT 10B EUTELSAT EUTELSAT EUTELSAT 36D NAME HOTBIRD 13G HOTBIRD 13F Orbital 10° East 13° East 13° East 36° East Position Approx . Entry into service Q3 2023 Q2/Q3 2023 Q2/Q3 2023 H2 2024 date1 Manufacturer Coverage EMEA, Atlantic & Europe Europe Africa, Russia, Indian Ocean Euro

  16. Slide 16: 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 Eutelsat Communications, nor should it, or any part of it, form the basis of or be relied on in connection with any contract or

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