Increased customer intake – delivering on the plan. Third quarter summary. Revenue totaled SEK 1,210m (1,104), an increase of 9.6% over the third quarter of 2013. Underlying EBITDA was SEK 576m (569), an increase of 1.1% over the third quarter of 2013. Operating free cash flow was SEK 318m (302), an increase of 5.3% over the third quarter of 2013. Net result for the period was SEK 7m (-82). Earnings per share were SEK 0.03 (-0.82). Pro forma earnings per share were1) SEK 0.02 (-0.39).
Com Hem - Interim Report Q2 2014 – Presentationcomhemgroup
Com Hem reports second quarter results – Revenue up 8 percent. Revenue totaled SEK 1,198m (1,108), an increase by 8.1% versus second quarter 2013. Underlying EBITDA was SEK 566m (547), an increase of 3.5% versus second quarter of 2013. Operating free cash flow was SEK 327m (344). Net result for the period was SEK -718m (-279) affected by one-off costs of SEK 680m associated with the IPO and refinancing of debt. Earnings per share were SEK -6.53 (-2.79). Pro forma earnings per share(1) were SEK -0.90 (-1.34)
Financial Results for the 3rd Quarter of the Fiscal Year Ending March 2016KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Financial results for the 1st quarter of the fiscal year ending march 2017KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Telekom Austria Group reported results for the first half and second quarter of 2015. Revenue growth was 0.4% for the first half and 2.1% for the second quarter, driven by a positive performance in Austria that offset challenges in Central and Eastern Europe. EBITDA comparable grew 2.4% for the first half and 9.1% for the second quarter. The company adjusted its full year revenue outlook to approximately flat revenues, citing increased competitive pressures and foreign exchange impacts. Key strategic initiatives included the planned acquisition of Amis in Slovenia and the merger of operators in Macedonia.
MTGQ2 2014 FINANCIAL RESULTS
Sales were up 13% at constant FX rates and 3% on an organic basis. Operating profits increased despite investments, with higher growth and margins in the Nordic regions offsetting unfavorable FX impacts and last year's one-offs elsewhere. Nice, MTGx and Radio saw strong organic growth and profits. The quarter showed healthy top-line growth and margin expansion, though some markets faced challenges from declining ad sales and geopolitical factors.
Telekom Austria Group reported results for the first quarter of 2015. Revenues declined 2.0% to 956 million euros due to challenges in mobile markets, currency devaluation impacts in Belarus, and negative pricing trends. However, the revenue decline slowed compared to previous quarters. EBITDA comparable grew 5.8% to 338.5 million euros through cost savings measures. Net income increased 127.5% to 92.7 million euros. The outlook for 2015 remains unchanged with approximately 2% revenue growth expected.
- U.S. Cellular reported higher gross additions and lower churn in Q2 2016 compared to Q2 2015, resulting in postpaid net additions of 36,000 vs. 17,000 in the prior year.
- Total operating revenues were flat at $980 million due to an 8% decline in service revenues offset by a 44% increase in equipment sales revenues.
- Adjusted EBITDA increased 5% to $218 million driven by growth in operating cash flow and equity in earnings of unconsolidated entities.
- Guidance for 2016 remains unchanged with total operating revenues of $3.9-4.1 billion and adjusted EBITDA of $725-850 million expected.
Telekom Austria Group - Results for the First Half and Second Quarter 2014Company Spotlight
The document summarizes Telekom Austria's results for the first half and second quarter of 2014. Key points include:
- Revenues declined 7.3% due to regulation, macroeconomic effects, and extraordinary negative revenue effects of EUR 28.2 million in Austria.
- EBITDA comparable margin remained flat at 31.9% and increased to 33.2% on a clean basis excluding extraordinary effects.
- An impairment charge of EUR 400 million was recorded for Bulgaria due to adjustments to discount rates and medium-term expectations.
- The outlook for full year 2014 revenues was refined to a decline of approximately 3.5% from 3.0% previously.
Com Hem - Interim Report Q2 2014 – Presentationcomhemgroup
Com Hem reports second quarter results – Revenue up 8 percent. Revenue totaled SEK 1,198m (1,108), an increase by 8.1% versus second quarter 2013. Underlying EBITDA was SEK 566m (547), an increase of 3.5% versus second quarter of 2013. Operating free cash flow was SEK 327m (344). Net result for the period was SEK -718m (-279) affected by one-off costs of SEK 680m associated with the IPO and refinancing of debt. Earnings per share were SEK -6.53 (-2.79). Pro forma earnings per share(1) were SEK -0.90 (-1.34)
Financial Results for the 3rd Quarter of the Fiscal Year Ending March 2016KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Financial results for the 1st quarter of the fiscal year ending march 2017KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Telekom Austria Group reported results for the first half and second quarter of 2015. Revenue growth was 0.4% for the first half and 2.1% for the second quarter, driven by a positive performance in Austria that offset challenges in Central and Eastern Europe. EBITDA comparable grew 2.4% for the first half and 9.1% for the second quarter. The company adjusted its full year revenue outlook to approximately flat revenues, citing increased competitive pressures and foreign exchange impacts. Key strategic initiatives included the planned acquisition of Amis in Slovenia and the merger of operators in Macedonia.
MTGQ2 2014 FINANCIAL RESULTS
Sales were up 13% at constant FX rates and 3% on an organic basis. Operating profits increased despite investments, with higher growth and margins in the Nordic regions offsetting unfavorable FX impacts and last year's one-offs elsewhere. Nice, MTGx and Radio saw strong organic growth and profits. The quarter showed healthy top-line growth and margin expansion, though some markets faced challenges from declining ad sales and geopolitical factors.
Telekom Austria Group reported results for the first quarter of 2015. Revenues declined 2.0% to 956 million euros due to challenges in mobile markets, currency devaluation impacts in Belarus, and negative pricing trends. However, the revenue decline slowed compared to previous quarters. EBITDA comparable grew 5.8% to 338.5 million euros through cost savings measures. Net income increased 127.5% to 92.7 million euros. The outlook for 2015 remains unchanged with approximately 2% revenue growth expected.
- U.S. Cellular reported higher gross additions and lower churn in Q2 2016 compared to Q2 2015, resulting in postpaid net additions of 36,000 vs. 17,000 in the prior year.
- Total operating revenues were flat at $980 million due to an 8% decline in service revenues offset by a 44% increase in equipment sales revenues.
- Adjusted EBITDA increased 5% to $218 million driven by growth in operating cash flow and equity in earnings of unconsolidated entities.
- Guidance for 2016 remains unchanged with total operating revenues of $3.9-4.1 billion and adjusted EBITDA of $725-850 million expected.
Telekom Austria Group - Results for the First Half and Second Quarter 2014Company Spotlight
The document summarizes Telekom Austria's results for the first half and second quarter of 2014. Key points include:
- Revenues declined 7.3% due to regulation, macroeconomic effects, and extraordinary negative revenue effects of EUR 28.2 million in Austria.
- EBITDA comparable margin remained flat at 31.9% and increased to 33.2% on a clean basis excluding extraordinary effects.
- An impairment charge of EUR 400 million was recorded for Bulgaria due to adjustments to discount rates and medium-term expectations.
- The outlook for full year 2014 revenues was refined to a decline of approximately 3.5% from 3.0% previously.
IR_NEXT TSE1 2120_Annual Report of Financial Statement Year Ended March 31, ...LIFULL Co., Ltd.
This document is NEXT Co., Ltd.'s annual report for the fiscal year ending March 31, 2014. It provides key financial data and performance indicators for the year, which saw record high sales and profits. Consolidated net sales increased 22.8% to 14.7 billion yen while operating profit rose 44.5% to 2.3 billion yen. All business segments achieved double-digit revenue growth, with the real estate information services business remaining the primary driver of sales. The report also outlines NEXT's medium-term business strategies and forecasts for the coming fiscal year.
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
This document contains a presentation for analysts and investors on Lloyds Banking Group's 2016 half-year results. Some key highlights include:
- Underlying profit of £4.2 billion, down 5% year-on-year, with a cost:income ratio improved to 47.8% and strong asset quality.
- Statutory profit before tax more than doubled to £2.5 billion, with significantly lower conduct charges.
- Ongoing work to simplify the business and reduce costs, now targeting £1.4 billion in annual run-rate savings by end of 2017.
- Credit quality remains strong with low impairment charges and a reduced impaired loan ratio of 2.0%.
The document provides an overview and financial update for Telecom Italia Group for investor meetings in June 2015. Key points include: Total revenues for FY 2014 were €21.6 billion, down 5.4% YoY, with EBITDA of €8.8 billion down 6.8% YoY. Capex for FY 2014 was €5 billion, up 13.3% YoY including licenses. Net debt including licenses was €26.65 billion as of end of FY 2014. First quarter 2015 results show improvements in line with the company's 2015-2017 plan targets.
The document discusses TIM Participações' industrial plan for 2014-2016. It begins with statements regarding forward-looking projections and uncertainties. It then provides an overview of TIM's 2013 year-to-date financial and operational results, noting consistent performance despite a changing macroeconomic scenario in Brazil. Finally, it outlines TIM's strategic positioning and opportunities in the mobile and fixed markets in Brazil, and provides guidance for total revenues, EBITDA, and CAPEX from 2013-2016.
The document provides operational and financial highlights for Telekom Austria Group for the first nine months and third quarter of 2015. Key points include:
- Revenues for the first nine months were stable at EUR 3.02 billion despite currency impacts, while EBITDA comparable grew 3.1% to EUR 1.07 billion due to efficiency gains.
- In the third quarter revenues declined 3.5% to EUR 1.01 billion due to currency effects, but EBITDA comparable grew 4.1% to EUR 403.8 million on a clean basis excluding one-offs.
- The outlook for full year 2015 remains unchanged with revenues expected to be approximately flat and capex of EUR
Bruker q1 2014 earnings presentation finalInvestorBruker
Bruker Corporation reported financial results for Q1 2014 with the following highlights:
- Revenue increased 8% year-over-year to $423.7 million, with growth in all three business segments.
- Non-GAAP earnings per share increased 38% to $0.11 compared to $0.08 in Q1 2013.
- Operating margin expanded 160 basis points to 7.6% driven by revenue growth and operating expense control.
- The company reiterated its full-year 2014 guidance for revenue growth of 3-4% and non-GAAP EPS growth of 10-14%.
Presentation Material for 2Q / Mar. 2019RicohLease
This document provides financial highlights and results for Ricoh Leasing Company's second quarter of fiscal year 2019, which ended in September 2018. It summarizes that net sales increased 2.8% year-over-year to a record high of 155.4 billion yen due to steady growth in operating assets. Gross profit also increased 3.9% to a record high of 16.1 billion yen. Operating profit rose 2.2% to 8.6 billion yen, while net income grew 3.9% to 5.9 billion yen. Both leases/installment sales and financial services businesses contributed to these gains. Transaction volumes and operating assets continued trending upward.
TCS recently reported its Q1FY15 results, which were in line on revenue front & at operating level. However, the net profits were above estimates, aided by higher other income. Buy on dips.
Deutsche Telekom reported its Q3/13 results. Revenue grew 6.0% to 15.5 billion euros, driven by growth in the US. Organic revenue growth was 2.4%. Adjusted EBITDA declined 2.6% to 4.7 billion euros. Free cash flow was 1.4 billion euros, in line with guidance. The company confirmed its full year guidance despite challenges in some European markets from regulation and competition.
- Telefónica reported results for the first half of 2013, with revenues declining 7.8% year-over-year but growing 0.5% organically. OIBDA declined 9.7% year-over-year but was roughly stable at €9.4 billion excluding foreign exchange impacts.
- Commercial activity was strong in the second quarter, with record smartphone additions of 8.2 million. This helped recover organic revenue growth.
- Cash flow generation was also strong, with free cash flow of €1.9 billion in the second quarter alone. Net debt was reduced by €10 billion since mid-2012.
- Performance was led by Latin America, with Brazil in particular seeing double-
SEGRO reported its 2020 half year results, with further earnings and net asset value (NAV) growth despite the COVID-19 pandemic. Net rental income increased 6.3% and adjusted earnings per share grew 2.5%, while adjusted NAV per share rose 2.6%. Occupancy remained high and rent collections were resilient. Structural trends in e-commerce and supply chain optimization accelerated, driving continued strong occupier demand. SEGRO is well positioned for further growth with a robust balance sheet and momentum in developments and investment entering the second half of the year.
Presentation Material for 3Q / Mar. 2020RicohLease
- The document summarizes Ricoh Leasing Company's financial results for the third quarter of the fiscal year ending March 2020. Net sales and profits reached record highs and performance was progressing steadily towards full-year forecasts. Operating assets increased by 69.1 billion yen from the previous term due to acquiring contracts. The default rate decreased due to increased operating assets while default loss showed a slight increase.
- BE Semiconductor reported strong financial results for Q1 2015, with revenue increasing 35.6% and net income up 149% compared to Q1 2014. Orders were also up 28% sequentially, driven by strength in memory and initial orders for wearable applications.
- Gross margins reached a record 49% due to revenue growth, favorable foreign exchange rates, improved material costs and restructuring benefits. Net income more than doubled to EUR17.5 million compared to Q1 2014.
- The company increased its net cash position to EUR133 million and expects continued growth driven by applications such as smartphones, automotive electronics, and emerging areas like the Internet of Things and wearable devices.
Financial Results for the First Quarter of the Fiscal Year Ending March 2018KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Taiwan Mobile Co., Ltd. 4Q13 Results Summary Mr Nyak
Taiwan Mobile Co., Ltd. released its 4Q13 results summary on January 28, 2014. The summary showed healthy mobile revenue growth of 5% year-over-year for Taiwan Mobile, with mobile service revenue increasing and voice revenue decreasing but VAS revenue increasing. Taiwan Mobile is focusing on its CATV and smartphone strategies. Financially, Taiwan Mobile achieved its revenue and EBITDA forecasts for FY2013 and provided 1Q14 guidance projecting continued revenue growth and stable EBITDA. Taiwan Mobile also updated on regulatory approvals, capex plans, and awards.
- Global IP traffic, mobile data traffic, IP video traffic, and data center traffic have all increased substantially from 2014 to 2019. Mobile data traffic is projected to continue sharply rising through 2020.
- The partnership between AT&T and Digital Realty combines Digital Realty's colocation capacity and industry expertise with AT&T's global connectivity and network leadership to provide customers with a complete colocation solution.
- Several financial metrics such as debt service coverage ratio, fixed charge ratio, and leverage ratios are within compliance levels and show stable financial performance as of the second quarter of 2016.
The document summarizes LKQ Corporation's third quarter 2016 earnings call. Key highlights include:
- Consolidated revenue increased 30.3% year-over-year to $2.387 billion due to organic growth and acquisitions.
- Net income increased 21.1% to $123 million and adjusted diluted EPS increased 25% to $0.45.
- Segment EBITDA margin increased slightly to 11.5% due to margin improvements in North America offsetting impacts from acquisitions.
- Revenue growth was driven by organic gains, the Rhiag and PGW acquisitions, and growth in specialty and glass segments.
SMS CO., LTD. FY03-15 Presentation material for IRsmsir
- SMS CO., LTD. presented materials for investor relations covering their financial results for the fiscal year ending March 31, 2015 and their strategy and forecasts for the following fiscal year.
- For FY03/15, both net sales and incomes increased year-over-year and incomes exceeded forecasts. The nursing care segment grew significantly driven by increases in Kaipoke and recruiting services. The medical care and global segments also increased sales.
- For FY03/16, the company aims to further grow their career, nursing care, medical care, and new business lines. They will focus on expanding Kaipoke's membership and peripheral services, and growing recruiting and new daily-use services for professionals.
Ramirent's interim report summarizes their financial performance in Q1 2014. Demand remained mixed across core markets with overall construction activity lower than the previous year. Net sales decreased 10% though were only down 2% when adjusted for divested operations. The EBITA margin of 5.2% was not satisfactory and efficiency improvement measures were intensified. Ramirent continued focusing on strategic priorities like strengthening their customer offering and achieving operational excellence.
Tele2 AB reported financial results for Q2 2014. Key highlights included:
- Net sales of SEK 6.34 billion, down 1.3% from Q2 2013. EBITDA of SEK 1.47 billion, down 0.5%.
- Sale of Norwegian operations for SEK 5.3 billion in cash. Mobile net customer intake was 286,000. Mobile end-user service revenue grew 7%.
- By country, Sweden saw 7% revenue growth. Kazakhstan saw 21% currency-adjusted revenue growth. The Netherlands saw strong 213,000 net intake.
The document provides a quarterly report for Tele2AB for Q3 2015. Key highlights include:
- A new CEO was appointed on September 1st and an internal reorganization was concluded to enable execution of the Challenger Program and a more customer-centric focus.
- 4G network coverage reached 90% in the Netherlands and Baltics and 83% in Sweden.
- Strong net intake across the Group, especially in Sweden and Kazakhstan. Mobile end-user service revenue grew 5%.
- The Challenger Program aimed at productivity improvements is progressing according to plan. Strong EBITDA development continued in Kazakhstan.
IR_NEXT TSE1 2120_Annual Report of Financial Statement Year Ended March 31, ...LIFULL Co., Ltd.
This document is NEXT Co., Ltd.'s annual report for the fiscal year ending March 31, 2014. It provides key financial data and performance indicators for the year, which saw record high sales and profits. Consolidated net sales increased 22.8% to 14.7 billion yen while operating profit rose 44.5% to 2.3 billion yen. All business segments achieved double-digit revenue growth, with the real estate information services business remaining the primary driver of sales. The report also outlines NEXT's medium-term business strategies and forecasts for the coming fiscal year.
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
This document contains a presentation for analysts and investors on Lloyds Banking Group's 2016 half-year results. Some key highlights include:
- Underlying profit of £4.2 billion, down 5% year-on-year, with a cost:income ratio improved to 47.8% and strong asset quality.
- Statutory profit before tax more than doubled to £2.5 billion, with significantly lower conduct charges.
- Ongoing work to simplify the business and reduce costs, now targeting £1.4 billion in annual run-rate savings by end of 2017.
- Credit quality remains strong with low impairment charges and a reduced impaired loan ratio of 2.0%.
The document provides an overview and financial update for Telecom Italia Group for investor meetings in June 2015. Key points include: Total revenues for FY 2014 were €21.6 billion, down 5.4% YoY, with EBITDA of €8.8 billion down 6.8% YoY. Capex for FY 2014 was €5 billion, up 13.3% YoY including licenses. Net debt including licenses was €26.65 billion as of end of FY 2014. First quarter 2015 results show improvements in line with the company's 2015-2017 plan targets.
The document discusses TIM Participações' industrial plan for 2014-2016. It begins with statements regarding forward-looking projections and uncertainties. It then provides an overview of TIM's 2013 year-to-date financial and operational results, noting consistent performance despite a changing macroeconomic scenario in Brazil. Finally, it outlines TIM's strategic positioning and opportunities in the mobile and fixed markets in Brazil, and provides guidance for total revenues, EBITDA, and CAPEX from 2013-2016.
The document provides operational and financial highlights for Telekom Austria Group for the first nine months and third quarter of 2015. Key points include:
- Revenues for the first nine months were stable at EUR 3.02 billion despite currency impacts, while EBITDA comparable grew 3.1% to EUR 1.07 billion due to efficiency gains.
- In the third quarter revenues declined 3.5% to EUR 1.01 billion due to currency effects, but EBITDA comparable grew 4.1% to EUR 403.8 million on a clean basis excluding one-offs.
- The outlook for full year 2015 remains unchanged with revenues expected to be approximately flat and capex of EUR
Bruker q1 2014 earnings presentation finalInvestorBruker
Bruker Corporation reported financial results for Q1 2014 with the following highlights:
- Revenue increased 8% year-over-year to $423.7 million, with growth in all three business segments.
- Non-GAAP earnings per share increased 38% to $0.11 compared to $0.08 in Q1 2013.
- Operating margin expanded 160 basis points to 7.6% driven by revenue growth and operating expense control.
- The company reiterated its full-year 2014 guidance for revenue growth of 3-4% and non-GAAP EPS growth of 10-14%.
Presentation Material for 2Q / Mar. 2019RicohLease
This document provides financial highlights and results for Ricoh Leasing Company's second quarter of fiscal year 2019, which ended in September 2018. It summarizes that net sales increased 2.8% year-over-year to a record high of 155.4 billion yen due to steady growth in operating assets. Gross profit also increased 3.9% to a record high of 16.1 billion yen. Operating profit rose 2.2% to 8.6 billion yen, while net income grew 3.9% to 5.9 billion yen. Both leases/installment sales and financial services businesses contributed to these gains. Transaction volumes and operating assets continued trending upward.
TCS recently reported its Q1FY15 results, which were in line on revenue front & at operating level. However, the net profits were above estimates, aided by higher other income. Buy on dips.
Deutsche Telekom reported its Q3/13 results. Revenue grew 6.0% to 15.5 billion euros, driven by growth in the US. Organic revenue growth was 2.4%. Adjusted EBITDA declined 2.6% to 4.7 billion euros. Free cash flow was 1.4 billion euros, in line with guidance. The company confirmed its full year guidance despite challenges in some European markets from regulation and competition.
- Telefónica reported results for the first half of 2013, with revenues declining 7.8% year-over-year but growing 0.5% organically. OIBDA declined 9.7% year-over-year but was roughly stable at €9.4 billion excluding foreign exchange impacts.
- Commercial activity was strong in the second quarter, with record smartphone additions of 8.2 million. This helped recover organic revenue growth.
- Cash flow generation was also strong, with free cash flow of €1.9 billion in the second quarter alone. Net debt was reduced by €10 billion since mid-2012.
- Performance was led by Latin America, with Brazil in particular seeing double-
SEGRO reported its 2020 half year results, with further earnings and net asset value (NAV) growth despite the COVID-19 pandemic. Net rental income increased 6.3% and adjusted earnings per share grew 2.5%, while adjusted NAV per share rose 2.6%. Occupancy remained high and rent collections were resilient. Structural trends in e-commerce and supply chain optimization accelerated, driving continued strong occupier demand. SEGRO is well positioned for further growth with a robust balance sheet and momentum in developments and investment entering the second half of the year.
Presentation Material for 3Q / Mar. 2020RicohLease
- The document summarizes Ricoh Leasing Company's financial results for the third quarter of the fiscal year ending March 2020. Net sales and profits reached record highs and performance was progressing steadily towards full-year forecasts. Operating assets increased by 69.1 billion yen from the previous term due to acquiring contracts. The default rate decreased due to increased operating assets while default loss showed a slight increase.
- BE Semiconductor reported strong financial results for Q1 2015, with revenue increasing 35.6% and net income up 149% compared to Q1 2014. Orders were also up 28% sequentially, driven by strength in memory and initial orders for wearable applications.
- Gross margins reached a record 49% due to revenue growth, favorable foreign exchange rates, improved material costs and restructuring benefits. Net income more than doubled to EUR17.5 million compared to Q1 2014.
- The company increased its net cash position to EUR133 million and expects continued growth driven by applications such as smartphones, automotive electronics, and emerging areas like the Internet of Things and wearable devices.
Financial Results for the First Quarter of the Fiscal Year Ending March 2018KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Taiwan Mobile Co., Ltd. 4Q13 Results Summary Mr Nyak
Taiwan Mobile Co., Ltd. released its 4Q13 results summary on January 28, 2014. The summary showed healthy mobile revenue growth of 5% year-over-year for Taiwan Mobile, with mobile service revenue increasing and voice revenue decreasing but VAS revenue increasing. Taiwan Mobile is focusing on its CATV and smartphone strategies. Financially, Taiwan Mobile achieved its revenue and EBITDA forecasts for FY2013 and provided 1Q14 guidance projecting continued revenue growth and stable EBITDA. Taiwan Mobile also updated on regulatory approvals, capex plans, and awards.
- Global IP traffic, mobile data traffic, IP video traffic, and data center traffic have all increased substantially from 2014 to 2019. Mobile data traffic is projected to continue sharply rising through 2020.
- The partnership between AT&T and Digital Realty combines Digital Realty's colocation capacity and industry expertise with AT&T's global connectivity and network leadership to provide customers with a complete colocation solution.
- Several financial metrics such as debt service coverage ratio, fixed charge ratio, and leverage ratios are within compliance levels and show stable financial performance as of the second quarter of 2016.
The document summarizes LKQ Corporation's third quarter 2016 earnings call. Key highlights include:
- Consolidated revenue increased 30.3% year-over-year to $2.387 billion due to organic growth and acquisitions.
- Net income increased 21.1% to $123 million and adjusted diluted EPS increased 25% to $0.45.
- Segment EBITDA margin increased slightly to 11.5% due to margin improvements in North America offsetting impacts from acquisitions.
- Revenue growth was driven by organic gains, the Rhiag and PGW acquisitions, and growth in specialty and glass segments.
SMS CO., LTD. FY03-15 Presentation material for IRsmsir
- SMS CO., LTD. presented materials for investor relations covering their financial results for the fiscal year ending March 31, 2015 and their strategy and forecasts for the following fiscal year.
- For FY03/15, both net sales and incomes increased year-over-year and incomes exceeded forecasts. The nursing care segment grew significantly driven by increases in Kaipoke and recruiting services. The medical care and global segments also increased sales.
- For FY03/16, the company aims to further grow their career, nursing care, medical care, and new business lines. They will focus on expanding Kaipoke's membership and peripheral services, and growing recruiting and new daily-use services for professionals.
Ramirent's interim report summarizes their financial performance in Q1 2014. Demand remained mixed across core markets with overall construction activity lower than the previous year. Net sales decreased 10% though were only down 2% when adjusted for divested operations. The EBITA margin of 5.2% was not satisfactory and efficiency improvement measures were intensified. Ramirent continued focusing on strategic priorities like strengthening their customer offering and achieving operational excellence.
Tele2 AB reported financial results for Q2 2014. Key highlights included:
- Net sales of SEK 6.34 billion, down 1.3% from Q2 2013. EBITDA of SEK 1.47 billion, down 0.5%.
- Sale of Norwegian operations for SEK 5.3 billion in cash. Mobile net customer intake was 286,000. Mobile end-user service revenue grew 7%.
- By country, Sweden saw 7% revenue growth. Kazakhstan saw 21% currency-adjusted revenue growth. The Netherlands saw strong 213,000 net intake.
The document provides a quarterly report for Tele2AB for Q3 2015. Key highlights include:
- A new CEO was appointed on September 1st and an internal reorganization was concluded to enable execution of the Challenger Program and a more customer-centric focus.
- 4G network coverage reached 90% in the Netherlands and Baltics and 83% in Sweden.
- Strong net intake across the Group, especially in Sweden and Kazakhstan. Mobile end-user service revenue grew 5%.
- The Challenger Program aimed at productivity improvements is progressing according to plan. Strong EBITDA development continued in Kazakhstan.
This document provides an overview and agenda for TIM Brasil's presentation covering the following topics: recent results including growth in 4G adoption and data revenues; network and quality evolution including expansion of TIM's 4G network; the fixed business; business outlook; and regulatory updates. The presentation highlights TIM's position as the second largest mobile operator in Brazil by customers with 75.7 million subscribers, its focus on innovation and efficiency, and its continued investment in infrastructure to support further growth.
Il 9 novembre 2023 il management di TIM ha presentato in conference call i risultati del Q3 2023 approvati dal Consiglio di Amministrazione.
On November 9, 2023, TIM management has presented in conference call its Q3 2023 results approved by the Board of Directors.
T-Mobile reported strong customer growth in Q1 2014 with nearly 2.4 million total net additions. This included over 1.3 million branded postpaid net additions, marking a record quarter for postpaid customer additions. Service revenue grew year-over-year however Adjusted EBITDA declined due to increased promotional activity. T-Mobile expects continued growth in 2014 with projected branded postpaid net additions of 2.8-3.3 million and Adjusted EBITDA of $5.6-5.8 billion.
This document summarizes Tele2 AB's financial results for Q3 2014. Key highlights include:
- Mobile end-user service revenue grew 8% year-over-year driven by strong data usage. EBITDA grew 14% year-over-year.
- Growth was broad-based across Tele2's markets in Sweden, the Baltics, the Netherlands, and Kazakhstan.
- CAPEX increased due to progress in rolling out the mobile network in the Netherlands.
- Profit for the period was SEK 623 million, an improvement from a loss of SEK 171 million in the same period of 2013.
- Priorities going forward include continuing the mobile network rollout in the Netherlands and Kazakhstan,
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
Tele2 reported strong third quarter 2017 results with mobile end-user service revenue growth of 9% and EBITDA growth of 21%. The Netherlands and Kazakhstan performed particularly well, with mobile revenue growth of 27% and 19% respectively. The Challenger Program remains ahead of plan to deliver over SEK 850 million in benefits for 2017. Tele2 upgraded its full-year 2017 financial guidance and remains focused on further growing mobile data revenue across its markets.
The document is a presentation by TIM Brasil providing an overview of the company's market positioning, recent results, network and quality evolution, fixed business, business outlook, and regulatory updates. It discusses TIM's market share, customer base, revenues, EBITDA, network infrastructure including antennas and fiber optics, 4G performance, and innovation in services. It also summarizes the company's strategic focus on data, efficiency, and profitability amid challenges in the mobile market.
Leonardo's 1Q 2017 results presentation summarizes the company's financial performance for the first quarter of 2017. Key highlights include:
- New orders were in line with or above expectations across sectors such as helicopters, electronics, and aeronautics.
- Revenues were softer than the previous quarter due to expected lower volumes, though profitability continued to improve across sectors driven by efficiency improvements.
- Guidance for full-year 2017 is confirmed, with expectations for revenues to remain around 2016 levels and further improvements in profitability.
This document provides a quarterly report for Tele2AB for the fourth quarter of 2015. It highlights that Tele2 and Comviq were awarded for most satisfied customers in 2015. It also notes that 4G coverage is now at 90% in major markets and the commercial launch of the Dutch 4G-only network. Mobile end-user service revenue continued to grow, particularly in data monetization in the Baltic region. EBITDA was up 6% in Sweden while the Challenger program remains on track to achieve 1 billion in savings by 2018. Monetization of data is a key priority moving forward.
- Continued improved performance for the Group with FX-adjusted sales up 3% and EBIT increased 46% to SEK 301m. The balance sheet was strengthened and solvency ratios improved.
- Higher earnings reported for Europe & Asia/Pacific in a flat market. Improved demand and supply chain productivity in Americas cut the seasonal operating loss in half with positive dealer channel sales.
- Construction reported continued profitable growth and margin expansion with sales up 6% and EBIT growth of 27%.
1) TIM Group reported improving trends in Q1 2023 results, with organic growth in key metrics like revenues and EBITDA.
2) The main TIM entities - TIM Consumer, TIM Enterprise, NetCo and TIM Brasil - delivered good results and are making progress on their strategic plans.
3) TIM's transformation plan achieved €0.2 billion in savings in Q1, reaching 26% of the incremental 2023 target. The plan aims to simplify costs and enhance efficiency.
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
TCS reported its financial results for the quarter and fiscal year ending March 2014. For FY2014, TCS reported revenue growth of 29.9% in INR terms and 16.2% in USD terms over the previous fiscal year. Net income for FY2014 grew by 25.4% in INR terms and 22.9% in USD terms over FY2013. In Q4 FY2014, TCS reported revenue growth of 31.2% in INR terms and 15.2% in USD terms over Q4 FY2013. Net income for Q4 FY2014 grew by 16.7% in INR terms and 13% in USD terms over Q4 FY2013. TCS saw strong growth
Jio reported strong financial results for FY2023, with consolidated EBITDA growing 23% year-over-year to ₹154,691 crore. All business segments contributed to earnings growth, led by O2C and continued expansion of consumer businesses like retail and digital services. Jio maintained its leadership in 5G rollout in India, deploying over 125K 5G sites across more than 2,300 cities and towns. The presentation outlines Jio's strategies to drive further growth through 5G leadership, expanding digital infrastructure for homes and businesses, and growing its consumer base.
Qwest reported third quarter 2004 results with improved revenue trends driven by wireline and wireless segments. Revenue increased slightly compared to last quarter but decreased year-over-year. Cost reduction initiatives expanded margins while cash from operations exceeded capital expenditures. Key growth areas like DSL subscribers and long-distance lines increased significantly.
Telecom Italia Group held a dbAccess TMT Conference on September 3rd, 2014. Marco Patuano, CEO of Telecom Italia Group, presented highlights from the second quarter of 2014. The presentation contained forward-looking statements and noted changes in reporting classifications. Key highlights from the second quarter included stable performance in line with the company's plan, with improving revenue trends in Italy and continued strong growth in mobile data demand and network investments in Brazil.
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2. Disclosure Regarding Forward-Looking Statements
This presentation includes forward-looking statements. Forward-looking statements can be identified by the use of forward-
looking terminology, including words such as “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will”, “could” or
“should” or, in each case, their negative or other variations thereof or comparable terminology. These forward-looking statements
include all matters that are not historical facts. They appear in a number of places throughout this presentation and include
statements regarding, or based upon, our Management’s current intentions, beliefs or expectations concerning, among other
things, our future results of operations, financial condition, liquidity, prospects, growth, strategies, potential acquisitions, or
developments in the industry in which we operate.
Forward-looking statements are based upon assumptions and estimates about future events or circumstances, and are subject to
risks and uncertainties. Although we believe that the expectations reflected in these forward-looking statements are reasonable,
we cannot assure you that these expectations will materialize. Accordingly, our actual results may differ materially from those
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Unless otherwise specified, forward-looking statements herein speak only as of the date of this presentation. We undertake no
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Disclaimer
2
3. Today’s agenda
Third quarter in brief
Increased customer intake – delivering on the plan
Financial performance and refinancing
A strong set of numbers and second step of refinancing
Broadband strategy and way forward
Demand for higher broadband speeds drives revenue growth
Q3
3
4. Third quarter in brief and
operational development
Anders Nilsson, CEO
4
5. Strong customer
intake accelerates
growth
Increased customer intake
Delivering on the plan
Key metrics show good progress
Increased pace of organic growth
Strong broadband net additions
Accelerating DTV growth
Reduced churn
Second step of refinancing underway
Leverage reduced
Average interest rate significantly lower
5
6. Good progress on our growth drivers
Broadband subscriber base grew by 17,000 net
additions, highest intake since 2007,
to 594,000 RGUs - all-time high
Digital TV grew for the second quarter by 8,000
to 607,000 RGUs, TiVo penetration reached 22%
Unique consumer subscriber base grew by 15,000,
Churn decreased from 16.4% to 14.8%
Marketing shifts to bundled propositions
over the coming quarters
Increased focus on business segment through
Phonera’s sales activities in Com Hem’s network
First two steps of refinancing completed, lowering leverage
from 6.4x to 3.9x, average interest down from 8.4% to 5.0%
Leverage our network and
speed advantage
Drive DTV penetration with
Superior DTV product
Increased customer
satisfaction
Improve financial
flexibility
6
Capitalize on unique
bundle opportunity
Leverage B2B
opportunity
7. Total growth
1,104
1,210
Q3 13 Q3 14
Revenue
(SEKm)
Underlying EBITDA
(SEKm)
Operational Free Cash Flow
(SEKm)
Capex (% of revenue)
(SEKm)
569 576
Q3 13 Q3 14
302 318
Q3 13 Q3 14
267 257
Q3 13 Q3 14
Third quarter financial highlights
Continued strong revenue growth
Accelerated revenue growth
(8.1 % in Q2)
Increased momentum in organic
growth (2.3% in Q2)
Underlying EBITDA margin
lower Y-o-Y, but higher Q-o-Q
(47.2% in Q2)
Capex decreased with 3.6%
due to lower investments in TiVo
boxes
OFCF increased due to lower
capex and higher underlying
EBITDA contribution
+1.1%
24.2%
+3.7%
+9.6%
7
+5.3%21.3%
Organic growth
8. 51 51
5 6
Q2 14 Q3 14
On Net
Off Net
Unique B2B Subscribers
(000’s)
B2B On Net growth
Supports overall revenue growth and gross profit
Integration of Phonera’s services
On Net commenced during the quarter
On Net margin substantially higher than
Off Net margin
Growth in unique subscribers, driven by
On Net and in ARPU
Driving revenue and gross profit growth
8
57 57
B2B Revenue
(SEKm)
415
427
ARPU
70 73
Q2 14 Q3 14
9. 822
829 830
838
846
861
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14
-2
+8
+1
+8 +8 +15
Consumer business
Accelerated customer intake and rapid churn reduction
Our unique consumer subscriber base
grew by 15,000 to 861,000
Increased momentum in customer
intake, supported by market leading
broadband and DTV-services
Churn decreased with 10% (or 1.6 p.p.)
to 14.8% as a result of increased focus
on customer satisfaction
Unique consumer subscribers
(000’)
16.4% 16.3% 16.3% 15.2% 16.4% .14.8%Churn
Q-o-Q
9
10. 606 603 597 595 599 607
543 551 558 570 577 594
334 330 327 327 326 329
1,483 1,484 1,482 1,492 1,503 1,531
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14
Digital-TV Broadband Fixed-telephony
Consumer business
Growth of net additions in all product areas
Consumer RGUs per service
(000’)
Strong growth in total consumer RGUs
by 28,000 compared with 11,000 in Q2
All-time high in broadband RGUs, an
increase of 17,000 compared with 7,000
in Q2, highest intake since 2007
DTV increased by 8,000 compared
with 4,000 in Q2
Fixed telephony grew for the first
quarter since 2011 with 3,000 RGUs
+8
+17
+3
10
Q-o-Q
-12
+1
-2
+10 +11
+28
11. 356 354 355 359 360 361
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14
Growth in key consumer metrics
Improved broadband mix and accelerating TiVo sales
Consumer ARPU
(SEK)
TiVo Customers
(000’)
0 6
38
74
103
132
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14
Broadband speeds
(%)
52% 48% 45% 43% 41%
8%
20% 19% 20% 20% 20%
51%
28% 33% 35% 37% 39% 41%
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14
1,000-100
Mbit/s
≤ 10 Mbit/s
50-20 Mbit/s
TiVo customers grew by 29,000 in Q3, a 22%
penetration
65% of new customers took 100 Mbit/s and
above in Q3
Continued ARPU increase of SEK 1
11
17%
22% -0.8% -0.7%
+0.3%
+1.2% +0.3% +0.1%
13. -1.3%
-0.4%
+0.9% +0.9% +0.9% +1.0%
Revenue and organic revenue growth
Q-o-Q (SEKm)
Including Phonera
(SEKm) Q3 14 Q3 13 Change Q2 14
Consumer revenue 889 847 41 +4.9% 877
Landlord revenue 192 198 (6) -3.1% 196
B2B revenue 73 1 72 n/m 70
Other revenue 57 58 (1) -1.2% 55
Total revenue 1,210 1,104 106 +9.6% 1,198
- Of which Com Hem 1,144 1,104 41 +3.7% 1,133
- Of which Phonera 66 - 66 +6.0% 65
Strong overall revenue growth
Supported by momentum in our consumer and B2B Business
Consumer revenue increase driven
by broadband RGUs and improved
broadband and DTV tier mix
Landlord decrease of 3.1% due to
contract renegotiations and migration
of customers to B2B
B2B increase to SEK 73m of which
Phonera contributed with SEK 66m
Other revenue stable with further
increase of iTUX revenue, however
lower barter revenue
13
1,198 1,210
1,108 1,104 1,114 1,124
1,133 1,144
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14
14. SEKm Q3 14 Q3 13 Change Q2 14
Revenue 1,210 1,104 106 +9.6% 1,198
Production costs (343) (304) (40) (348)
Gross profit* 867 800 67 +8.4% 850
Gross margin 71.6% 72.5% -0.8 p.p. 70.9%
Operating costs* (291) (231) (60) 284
Underlying EBITDA 576 569 7 +1.1% 566
Underlying EBITDA margin 47.6% 51.6% -4.0 p.p. 47.2%
Non-recurring items (7) (33) 26 (142)
Operating currency loss/gain (5) 1 (6) (3)
Write-downs 0 - 0 (4)
Depreciation and amortization (364) (334) (30) (357)
EBIT 200 203 (3) -1.5% 60
EBIT margin 16.5% 18.4% -1.9 p.p 5.0%
Net financial items (190) (308) 117 (983)
Taxes (2) 23 (25) 204
Net result for the period 7 (82) 89 +108.7% (718)
Overall revenue growth supported
by continued momentum in the
consumer and B2B business
Slight pressure on gross margin
due to including Phonera
Decrease in underlying EBITDA
margin due to including Phonera,
and Q3 2013 margin exceptional
high given low level of marketing
and sales activities
EBIT slightly lower due to higher
amortization on capitalized sales
costs offset by lower non-recurring
items
Higher net result for the period
thanks to savings in interest
expenses due to refinancing of debt
Lower interest expenses increase net result
Due to refinancing and reduced debt
* Excluding non-recurring items , depreciation and amortization
14
15. (SEKm) Q3 14 Q3 13 Change Q2 14
Network related 73 75 (2) 75
CPE & sales costs 141 154 (12) 112
IS development 30 29 1 39
Other capex 12 9 4 12
Total capex 257 267 (9) -3.6% 239
18.3%
24.2%
35.7%
19.1% 20.0% 21.3%
Capex and capex as percentage of revenue Q-o-Q
(SEKm) Network related capex in line with
preceding quarter
CPE capex decrease due to lower
investment in TiVo boxes inventory
compared with Q3 2013
Higher success-based capitalized
sales costs due to increased sales
and up-sell activities
IS development in line with
previous year
Other capex increase due to
investments done by Phonera
15
Capex down 3.6%
Lower investments in TiVo boxes during the quarter
203
267
398
215 239 257
Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14
16. Increased cash flow generation
Underlying business growth transforms into increased EFCF
* Redemption premiums of SEK 266m, paid interest on redeemed Senior Notes of SEK 24m and paid PIK interest on redeemed Senior PIK Notes of SEK 164m
Change in NWC negatively
affected by paid IPO-costs of
SEK 27m
One-off refinancing
payments includes
redemption premiums and
interest on notes redeemed
Excluding one-off costs for
refinancing and paid IPO
costs net cash from
operating activities grew with
SEK 80m
Cash outflow from financing
activities mainly relates to
redemption of 35% Senior
Notes and 100% of Senior
PIK notes
16
SEKm Q3 14 Q3 13 Change
Underlying EBITDA 576 569 7 +1.1%
Non-recurring items and operating currency loss/gain (12) (32)
Change in net working capital (68) (3)
Interest payments on borrowings etc. (12) (98)
One-off refinancing payments* (453) -
Adjustments for non-cash items 3 (1)
Net cash from operating activities 34 435 (401) -92.2%
Gross capital expenditures (257) (267)
Capital expenditures funded by financial leases - 2
Divestment of financial assets 6 0
Net cash used in investing activities (251) (265) 14 +5.2%
New share issue (Over-allotment option) 567 -
Borrowings - 500
Amortization of borrowings (4,047) (146)
Payment of borrowing costs (6) (15)
Other financial activities (28) -
Cash flow from financing activities (3,514) 339 (3,854) n/m
Net Cash generated (used) (3,732) 510 (4,241) n/m
Cash Balance BoP 4,640 658
Cash balance EoP 909 1,168 (259) -22.2%
17. STEP II - Refinancing
PF September 30, 2014 post NewSSN ***
SEKm
Senior bank debt
Term Loans 3,500
Incremental facility 375
RCF 1,350
Finance leases 45
Total senior bank debt 5,270
Bond instruments
New Senior Secured Notes, @5.25% 2,500
Senior Notes** @ 10.75% 1,713
Senior PIK Notes -
Gross Debt 9,483
Cash Balance EoP (754)
Net Debt 8,729
Pro forma leverage 3.9x
Average interest cost approx. 5.0%
Pre-IPO
SEKm
Senior bank debt
Term Loans incl. Capex facility 6,252
Incremental facility -
RCF -
Finance leases 51
Total senior bank debt 6,303
Bond instruments
Senior Secured Notes @9.25% 3,492
Senior Notes* @10.75% 2,640
Senior PIK Notes* @12.40% 2,791
Gross Debt 15,226
Cash Balance EoP (789)
Net Debt 14,437
Leverage 6.4x
Average interest cost approx. 8.4%
Financial position end of Q3
September 30, 2014
SEKm
Senior bank debt
Term Loans 3,500
Incremental facility -
RCF 450
Finance leases 45
Total senior bank debt 3,995
Bond instruments
Senior Secured Notes @9.25% 3,492
Senior Notes* @10.75% 1,713
Senior PIK Notes -
Gross Debt 9,200
Cash Balance EoP (909)
Net Debt 8,291
Leverage 3.7x
Average interest cost approx. 6.7%
* The exchange rate 9.197 is used to convert EUR debt to SEK debt as of Pre-IPO and June 30, 2014.
** The exchange rate 9.182 is used to convert EUR debt to SEK debt as of September 30, 2014.
*** Pro forma calculations as if 9,25%Senior Secured Notes were redeemed financed by issuance of new notes and drawn credit facilities as well as
all IPO-costs paid as of September 30, 2014
17
Step II of financial transformation underway
Average interest rate expected to continue to fall from current 6.7% to 5.0%
17
19. Understanding Com Hem’s network advantage
Sweden’s no. 1 superfast network & Europe’s fastest cable network
Maximum speed
33% DSL only
55% LAN
FTTB
12% FTTH
20-60 Mbit/s
100 Mbit/s
1 Gbit/s1 Gbit/s
500 Mbit/s
Competitor infrastructure
in Com Hem footprint
Sweden’s no.1 superfast network
According to Netflix Speed Index,
Com Hem fastest ISP in Sweden
every month from July 2014
Com Hem offers 500 Mbit/s to 1.6m
HHs, Telia fibre reaches 700k HHs
Com Hem consistently the fastest
broadband in Sweden
The only superfast network of
scale in Sweden
Highly affordable upgrade to
1 Gbit/s across the network
Overbuild of Com Hem’s network
stable at 67%
LAN upgrades have stalled; cost
per household of 1,200 – 5,000
SEK for CPE, switch upgrades
plus costs for building rewiring.
G-Fast unlikely to be economic or
viable prior to 2016 if at all
19
Competitors
20. Taking our unique network advantage to market
Over 200,000 broadband customers now upgraded
The upgrade
200,000 customers on <50
Mbit/s upgraded to 24
Mbit/s (DOCSIS 2.0) or 50
Mbit/s (DOCSIS 3.0)
August
July
September
Customer marketing
Customer letters inviting
DOCSIS 2.0 customers to
upgrade to a DOCSIS 3.0
modem free (plus P&P)
20
Prospect marketing
From 27th August, TV-led
campaign shouting ‘5x’
faster, customer upgrade
plus our new proposition
21. Before After
899:-
Per month
599:-
429:-
Per month
339:-
Per month
289:-
Per month
Per month
899:-
Per month
699:-
499:-
Per month
399:-
Per month
339:-
Per month
Per month
289:-
Per month
Tier steps carefully designed
and tested in conjoint to drive
better upsell, revenue & mix
Entry level remains highly
price-competitive and now
5x faster than the competition
Price changes in higher tiers
to drive uptake in historical
low volume tiers
Taking our unique network advantage to market
New portfolio strengthens competitive advantage and drives mix
21
22. Upgrade is delivering ahead of plan
Successfully driving mix, volumes and customer satisfaction
22
Immediate volume effect in sales
Mix of new customers taking 100 Mbit/s and
above rose 5% post launch, and growing
Our average base speed increased from
64 Mbit/s to 84 Mbit/s in 4 months from June
33% of eligible customers have now
requested a free modem
An investment in our customer base, driving
major change in our competitive position and
multiple upsides including NPS, churn, price
23. Executing on our plan
Next step to encourage customers to buy bundles as standard
23
Campaign launched on 4 Nov highlighting
our strengths in broadband and TV
Get TiVo, the only TV solution with
Netflix integrated
And the fastest broadband in Sweden
according to Netflix
With 6 months free Netflix when you take
100 Mbit/s & Tivo Mellan (or above)
Minimum ongoing price of SEK 599 in return
for one-off Netflix investment of < one month
ARPU
Using bundles to encourage customers to
take more, high tier products
24. Conclusions and way forward
24
Continued execution of the IPO plan
Our growth initiatives:
Leading TV and broadband offerings
Increased customer satisfaction
Introduce bundles of leading TV and broadband
products
B2B gearing up for On-Net growth going forward
The significantly reduced cost of debt
translates to high cash generation