Charter Communications reported financial results for the second quarter of 2007 that showed double-digit revenue and adjusted EBITDA growth compared to the second quarter of 2006. Revenue grew 11% due to increases in high-speed internet, telephone, and commercial business, while adjusted EBITDA rose 11%. The company added 166,300 total RGUs in the quarter, up 47% year-over-year, driven by growth in digital video, high-speed internet, and telephone customers. Bundled customers grew 17.7% and now make up 42% of total customers.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
2. Cautionary Statement Regarding
Forward Looking Statements
This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the
quot;Securities Actquot;) and Section 21E of the Securities Exchange Act of 1934, as amended (the quot;Exchange Actquot;), regarding, among other things,
our plans, strategies and prospects, both business and financial. Charter will not undertake to revise forward-looking projections to reflect
events after this date. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking
statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking
statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under “Risk
Factors” from time to time in our filings with the Securities and Exchange Commission (“SEC”). Many of the forward-looking statements
contained in this presentation may be identified by the use of forward-looking words such as quot;believe,quot; quot;expect,quot; quot;anticipate,quot; quot;should,quot;
quot;planned,quot; quot;will,quot; quot;may,quot; quot;intend,quot; quot;estimated,quot; quot;aim,quot; quot;on track,quot; quot;target,quot; quot;opportunityquot; and quot;potential,quot; among others. Important factors that
could cause actual results to differ materially from the forward-looking statements we make in this presentation are set forth in reports or
documents that we file from time to time with the SEC, and include, but are not limited to:
–the availability, in general, of funds to meet interest payment obligations under our debt and to fund our operations and necessary
capital expenditures, either through cash flows from operating activities, further borrowings or other sources and, in particular, our ability
to be able to provide under the applicable debt instruments such funds (by dividend, investment or otherwise) to the applicable obligor
of such debt;
–our ability to comply with all covenants in our indentures and credit facilities, any violation of which could trigger a default of our other
obligations under cross-default provisions;
–our ability to pay or refinance debt prior to or when it becomes due and/or refinance that debt through new issuances, exchange offers
or otherwise, including restructuring our balance sheet and leverage position;
–competition from other distributors, including incumbent telephone companies, direct broadcast satellite operators, wireless broadband
providers and DSL providers;
–difficulties in introducing and operating our telephone services, such as our ability to adequately meet customer expectations for the
reliability of voice services, and our ability to adequately meet demand for installations and customer service;
–our ability to sustain and grow revenues and cash flows from operating activities by offering video, high-speed Internet, telephone and
other services and to maintain and grow our customer base, particularly in the face of increasingly aggressive competition;
–our ability to obtain programming at reasonable prices or to adequately raise prices to offset the effects of higher programming costs;
–general business conditions, economic uncertainty or slowdown; and
–the effects of governmental regulation, including but not limited to local and state franchise authorities, on our business.
All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary
statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this presentation.
Unless otherwise stated, all results are pro forma which reflect the sales of certain systems in 2006 and 2007 as if such
transactions had occurred as of January 1, 2006. 2
3. Executing on Key Metrics
Double-digit revenue and
adjusted EBITDA growth for
Consistent Strategies
3 consecutive quarters
Best 2Q RGU net adds
in 5 years
Leveraging Foundation
12.6% ARPU growth
• Bundle driving ARPU
• Telephone supporting growth
Continuing Momentum in bundled customers
3
5. Advanced Services Support Video Growth
Total video RGUs
Advanced services expanding:
99,700
8,500,000
Net Gain Y/Y
50% Y/Y increase in customers
with advanced set top boxes
HD/DVR available to 85% digital
8,000,000
customers
2Q07 VOD revenue up 28% Y/Y
7,500,000
2Q06 3Q06 4Q06 1Q07 2Q07
HD OnDemand content launched
Video $52.69 $55.38
ARPU
2Q07 video ARPU increased 5.1% Y/Y
5
6. HSI Reinforces the Bundle Strategy
2Q07 HSI net adds
70,000
16% 60,300
HSI net adds increase nearly 16%
60,000
51,900
50,000
HSI revenues increase 21% Y/Y in 2Q07
40,000
5.6% ARPU increase Y/Y in 2Q07
30,000
2Q06 2Q07
HSI penetration increased to 24%
YTD HSI net adds
from 21% Y/Y
190,000 183,900
17%
Growth supported by increased speed
180,000
and content
170,000
157,100
75% of customers receive 5Mbps or higher
160,000
150,000
Integrating content across platform
140,000
130,000
2Q06 2Q07 6
7. Telephone Fueling RGU Growth
Telephone net gains and
penetration rates remain strong
150,000
125,000
2Q07 Telephone Stats
7.6M
Telephone Homes Passed
100,000
700K
Telephone Customers
75,000
9%
Telephone Penetration
(percent of Telephone HP)
50,000
9.5 – 10M
Homes Passed Guidance
for YE 2008
25,000
2Q06 3Q06 4Q06 1Q07 2Q07
2Q07 annualized penetration rate 7%
Annualized penetration rate: Represents annualized quarterly net telephone additions as a percentage of homes passed at the 7
beginning of that period.
8. Charter Bundle Catalyst for Success
2Q07 Bundle Customer Mix
42% 17.7% Y/Y growth in bundled
customers
Triple play ARPU of $125 - $130
Triple play penetration
2Q07 Bundle Revenue Mix
77% of telephone customers
10% of customer relationships
62%
62%
42% of customers contributing
nearly two-thirds revenue
8
9. 2Q07 Financial Performance
2Q07 Results
Revenue Summary 2Q Y/Y YTD
($ millions) 2Q07 Growth Growth
Double-digit revenue growth
Video $858 4% 4%
driven by HSI and telephone
High-Speed Internet 310 21% 22%
Telephone 80 176% 186%
ARPU increased 12.6%
Commercial 83 12% 14%
Other 167 4% 2%
HSI revenue driven by customer
Total Revenues $1,498 11% 11%
growth of 14.7% and a 5.6%
Operating Costs and
increase in ARPU
Expenses 959 11% 10%
Adj EBITDA $539 11% 12% Commercial revenue
continuing strong growth
Cap Ex 281 (6%) 7%
Consistent strategies generating improved results
9
10. Footnotes
Unless otherwise stated, all results are pro forma which reflect the acquisition of cable systems in January 2006 and the sales of
systems in 2006 and 2007 as if such transactions had occurred as of January 1, 2006.
Adjusted EBITDA and pro forma adjusted EBITDA are non-GAAP financial measures and should be considered in addition to, not as a
substitute for, net cash flows from operating activities reported in accordance with GAAP. These terms, as defined by Charter, may not be
comparable to similarly titled measures used by other companies. Adjusted EBITDA is defined as income from operations before special
charges, depreciation and amortization, loss on sale or retirement of assets, asset impairment charges, and stock compensation expense.
As such, it eliminates the significant non-cash depreciation and amortization expense that results from the capital-intensive nature of the
Company’s businesses as well as other non-cash or non-recurring items, and is unaffected by the Company’s capital structure or investment
activities. Adjusted EBITDA and pro forma adjusted EBITDA are liquidity measures used by Company management and its Board of
Directors to measure the Company’s ability to fund operations and its financing obligations. For this reason, it is a significant component of
Charter’s annual incentive compensation program. However, this measure is limited in that it does not reflect the periodic costs of certain
capitalized tangible and intangible assets used in generating revenues and the cash cost of financing for the Company. Company
management evaluates these costs through other financial measures.
The Company believes that adjusted EBITDA and pro forma adjusted EBITDA provide information useful to investors in assessing Charter’s
ability to service its debt, fund operations, and make additional investments with internally generated funds. In addition, adjusted EBITDA
generally correlates to the leverage ratio calculation under the Company’s credit facilities or outstanding notes to determine compliance with
the covenants contained in the facilities and notes (all such documents have been previously filed with the SEC).
For a reconciliation of pro forma adjusted EBITDA and adjusted EBITDA to the most directly comparable GAAP financial measure see the
Appendix.
10
12. CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO GAAP MEASURES
(DOLLARS IN MILLIONS)
2005 2006 2007
Pro Forma Pro Forma Pro Forma
2nd Quarter (a) 2nd Quarter (a) 2nd Quarter (a)
Net cash flows from operating activities $ - $ (21) $ (149)
Less: Purchases of property, plant and equipment (319) (290) (281)
Less: Change in accrued expenses related to capital expenditures 30 (2) (7)
Free cash flow (289) (313) (437)
Interest on cash pay obligations (b) 379 424 452
Purchases of property, plant and equipment 319 290 281
Change in accrued expenses related to capital expenditures (30) 2 7
Other, net 3 9 18
Change in operating assets and liabilities 81 74 218
Adjusted EBITDA $ 463 $ 486 $ 539
(a) Pro forma results reflect certain sales of cable systems in the third quarter of 2006, January 2007 and May 2007 as if they occurred as of January 1, 2006.
(b) Interest on cash pay obligations excludes accretion of original issue discounts on certain debt securities and amortization of deferred financing costs that are
reflected as interest expense in our consolidated statements of operations.
The above schedules are presented in order to reconcile adjusted EBITDA and free cash flows, non-GAAP measures, to the most directly comparable GAAP
measures in accordance with Section 401(b) of the Sarbanes-Oxley Act.