Shenandoah Telecommunications Co · NASDAQ:SHEN
Shenandoah Telecommunications — Shareholder Meeting (April 2011)
29 slides from Shenandoah Telecommunications's shareholder meeting presentation, Apr 22, 2011
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting April 19, 2011 Exhibit 99.1
Slide 2: Adele Skolits, CFO and VP of Finance
Adele Skolits CFO and VP of Finance
Slide 3: 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 4: 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 5: 2010 Financial Highlights
Net Income (in millions) Net Income from Continuing Operations (in millions) 2010 Financial Highlights
Slide 6: Long-term Growth in Net Income
Long-term Growth in Net Income (in millions)
Slide 7: 2010 Significant Events
2010 Significant Events q JetBroadBand acquisition-related transaction costs - $3.1 million before tax and $1.8 million after tax q New Prepaid Customers - Net loss $.6 million pre-tax, $.4 million after-tax q Closed Defined Benefit Pension Plan - Incurred cost of $3.8 million, pre-tax, $2.3 million
Slide 8: Growth in Revenues
Growth in Revenues (in millions) Note: Effective 2007, Shentel amended its agreement with Sprint Nextel. The net effect of this amendment was a reduction in both revenues and expenses.
Slide 9: 2010 Expenses as % of Revenue
2010 Expenses (in millions) as % of Revenue
Slide 10: Shentel chart
SHENTEL 5.0 4.5 4.0 3.5 3.0 2.5 2.0 15 1.0 0.5 0.0 PII FI SI SS 2S Vo PSM’ H Gi
Slide 11: Earnings Per Share (EPS) - Continuing Operations
Earnings Per Share (EPS) - Continuing Operations *-Includes gain on sale of Rural Telephone Bank stock of $.27 in EPS from Continuing Operations and EPS
Slide 12: Earnings Per Share (EPS)
Earnings Per Share (EPS) *-Includes gain on sale of Rural Telephone Bank stock of $.27 in EPS from Continuing Operations and EPS
Slide 13: Shentel dividends per share chart
@ SHENTEL . $0.32 90:33 $0.30 $0.30 . _ $0.25 $0.20 $0.15 0.14 “se go11 $0.12 $012 $0.13-* $0.10 $0.05 ll | | | $0.00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Slide 14: Wireless Segment - Significant Changes in Adjusted OIBDA
Wireless Segment - Significant Changes in Adjusted OIBDA 2010 vs. 2009 (in $ millions)
Slide 15: Cable Segment - Significant Changes in Adjusted OIBDA
Cable Segment - Significant Changes in Adjusted OIBDA 2010 vs. 2009 (in $ millions)
Slide 16: Shentel stock performance versus indexes
<a? SHENTEL 250 —+—SHENANDOAH TELECOMMUNICATIONS COMPANY —=— NASDAQ U.S. INDEX 200 —*— NASDAQ TELECOMMUNICATIONS. INDEX 150 100 50 2005 2006 2007 2008 2009 2010
Slide 17: Earle MacKenzie, COO and EVP
Earle MacKenzie COO and EVP
Slide 18: PCS Retail Subscribers
PCS Retail Subscribers (000s) Key Operational Results - Wireless
Slide 19: PCS Net Additions
PCS Net Additions Key Operational Results - Wireless
Slide 20: How Does Shentel's Wireless Compare?
How Does Shentel’s Wireless Compare? 2010 Results (in thousands) Verizon AT&T Sprint Shentel US Cellular Alltel (ATNI) T- Mobile NTELOS Covered POPs 292,000 296,000 277,800 2,049 46,546 6,750 300,000 5,832 2010 Net Adds or (Loss) 1,977 3,105 (15) (110) (856) (6) Total Subs 87,535 74,565 45,389 5,729
Slide 21: PCS Gross Billed Data & Voice
PCS Gross Billed Data & Voice Key Operational Results - Wireless
Slide 22: PCS Annual Billed Service Revenues
PCS Annual Billed Service Revenues (in millions) ** * $144.8 $156.8 Key Operational Results - Wireless * $25.2M of Management & Service Fees includes $24.8M from Postpaid and $.4M from Prepaid . ** $111.3M of Net Revenue includes $105.7M from Postpaid and $5.6M from Prepaid .
Slide 23: Rapid Communications, JetBroadband, Suddenlink
SHENTEL Di Rapid Communications Hf JetBroadband Bi Suddenlink
Slide 24: Cable Revenue Generating Units
Cable Revenue Generating Units (000s)
Slide 25: How Does Shentel Cable Compare?
How Does Shentel Cable Compare? * Industry Averages are from SNL Kagan's estimate of U.S. totals.
Slide 26: Access Lines
Access Lines (000s) Key Operational Results - Wireline
Slide 27: Internet Customers
Internet Customers (000s) Key Operational Results - Wireline
Slide 28: Investing in the Future - CapEx Spending
Investing in the Future - CapEx Spending $0.5 each, Cable and Other
Slide 29: Annual Shareholder Meeting
Annual Shareholder Meeting April 19, 2011
Shenandoah Telecommunications — Shareholder Meeting (April 2011) on 6ix