The document provides a summary of a company's first quarter 2014 results. It reports that postpaid gross additions were up 12% year-over-year, while postpaid churn and net losses improved. It also notes increases in smartphone penetration, postpaid ARPU, and service revenues. Adjusted income before taxes for the core markets was $115.3 million, down from $173.6 million in the prior year.
Tds and us cellular q1 2014 earnings presentationUSCellular
- TDS reported first quarter 2014 results with key highlights including share repurchases, monetization of non-core spectrum, and a non-core tower sale.
- U.S. Cellular's first quarter results showed a focus on driving subscriber growth through network quality and devices, reducing churn, and driving revenue growth through smartphone adoption and data usage. However, postpaid net losses increased compared to last year.
- TDS Telecom revenues grew 21% year-over-year led by a 77% increase in HMS revenues, though Wireline revenues declined slightly. Adjusted income before taxes for TDS Telecom increased 26% compared to last year.
U.S. Cellular reported its second quarter 2014 results, with key highlights including:
- Postpaid net customer losses improved to 26,000 compared to 53,000 in Q2 2013.
- Postpaid ARPU increased 4% year-over-year to $56.82.
- Adjusted income before taxes for U.S. Cellular was $122 million, lower than $191 million in Q2 2013, due primarily to higher equipment losses.
- TDS Telecom adjusted income before taxes grew 18% year-over-year to $73 million, driven by growth in its Hosted and Managed Services segment.
- U.S. Cellular reported a net loss of $45.4 million for Q4 2013 compared to adjusted income before taxes of $153.6 million in Q4 2012.
- Key priorities for 2014 include driving subscriber growth, differentiating through value propositions, and focusing on equipment subsidies and cost management.
- TDS Telecom revenues increased 23% year-over-year to $271.9 million in Q4 2013 due to growth from cable and hosted/managed services acquisitions.
- The company reported second quarter 2015 results with continued growth in key metrics such as customer counts, data usage, and operating cash flow. Total operating revenues grew 2% compared to the second quarter of 2014.
- Operating cash flow increased 73% compared to the second quarter of 2014 driven by lower SG&A expenses and cost management initiatives. Adjusted EBITDA grew 61% over the same period.
- Based on strong first half results, the company increased full year 2015 guidance ranges for operating cash flow and adjusted EBITDA.
- U.S. Cellular reported first quarter 2016 results with highlights including growth in postpaid customers and net additions, higher equipment revenue driven by increased smartphone sales and adoption of equipment installment plans, and continued improvements in churn and operating expenses.
- Service revenue trends were impacted by competitive pricing partially offsetting growth from increased customers and data usage. Guidance for full year 2016 remained unchanged.
- TDS Telecom segments of Wireline, Cable, and Hosted and Managed Services also reported first quarter results with the focus on growing broadband customers and connections across these business lines.
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a company.
- Key highlights from 2014 include postpaid subscriber growth, improved billing systems, and launching popular devices. Strategic priorities for 2015 include driving further subscriber and revenue growth while reducing costs.
- Financial guidance for 2015 estimates total operating revenues between $4.0-4.2 billion and adjusted EBITDA between $530-630 million.
- U.S. Cellular reported financial results for the third quarter of 2014, with operating revenues up 7% year-over-year to $1 billion. Adjusted income before taxes was $127 million.
- Key highlights included positive postpaid net additions, lower postpaid churn of 1.6%, and increased smartphone penetration to 58% of postpaid customers.
- TDS Telecom also saw increases in operating revenues and adjusted income before taxes compared to the previous year.
- Revenue decreased 1% year-over-year and 4% quarter-over-quarter due to higher than expected churn from a small number of significant customers.
- Adjusted EBITDA increased 1% year-over-year but decreased 21% quarter-over-quarter due to the revenue shortfall and seasonal costs.
- While first quarter results were soft, the company expects a rapid recovery in the second quarter and maintains its full-year guidance for Adjusted EBITDA.
Tds and us cellular q1 2014 earnings presentationUSCellular
- TDS reported first quarter 2014 results with key highlights including share repurchases, monetization of non-core spectrum, and a non-core tower sale.
- U.S. Cellular's first quarter results showed a focus on driving subscriber growth through network quality and devices, reducing churn, and driving revenue growth through smartphone adoption and data usage. However, postpaid net losses increased compared to last year.
- TDS Telecom revenues grew 21% year-over-year led by a 77% increase in HMS revenues, though Wireline revenues declined slightly. Adjusted income before taxes for TDS Telecom increased 26% compared to last year.
U.S. Cellular reported its second quarter 2014 results, with key highlights including:
- Postpaid net customer losses improved to 26,000 compared to 53,000 in Q2 2013.
- Postpaid ARPU increased 4% year-over-year to $56.82.
- Adjusted income before taxes for U.S. Cellular was $122 million, lower than $191 million in Q2 2013, due primarily to higher equipment losses.
- TDS Telecom adjusted income before taxes grew 18% year-over-year to $73 million, driven by growth in its Hosted and Managed Services segment.
- U.S. Cellular reported a net loss of $45.4 million for Q4 2013 compared to adjusted income before taxes of $153.6 million in Q4 2012.
- Key priorities for 2014 include driving subscriber growth, differentiating through value propositions, and focusing on equipment subsidies and cost management.
- TDS Telecom revenues increased 23% year-over-year to $271.9 million in Q4 2013 due to growth from cable and hosted/managed services acquisitions.
- The company reported second quarter 2015 results with continued growth in key metrics such as customer counts, data usage, and operating cash flow. Total operating revenues grew 2% compared to the second quarter of 2014.
- Operating cash flow increased 73% compared to the second quarter of 2014 driven by lower SG&A expenses and cost management initiatives. Adjusted EBITDA grew 61% over the same period.
- Based on strong first half results, the company increased full year 2015 guidance ranges for operating cash flow and adjusted EBITDA.
- U.S. Cellular reported first quarter 2016 results with highlights including growth in postpaid customers and net additions, higher equipment revenue driven by increased smartphone sales and adoption of equipment installment plans, and continued improvements in churn and operating expenses.
- Service revenue trends were impacted by competitive pricing partially offsetting growth from increased customers and data usage. Guidance for full year 2016 remained unchanged.
- TDS Telecom segments of Wireline, Cable, and Hosted and Managed Services also reported first quarter results with the focus on growing broadband customers and connections across these business lines.
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a company.
- Key highlights from 2014 include postpaid subscriber growth, improved billing systems, and launching popular devices. Strategic priorities for 2015 include driving further subscriber and revenue growth while reducing costs.
- Financial guidance for 2015 estimates total operating revenues between $4.0-4.2 billion and adjusted EBITDA between $530-630 million.
- U.S. Cellular reported financial results for the third quarter of 2014, with operating revenues up 7% year-over-year to $1 billion. Adjusted income before taxes was $127 million.
- Key highlights included positive postpaid net additions, lower postpaid churn of 1.6%, and increased smartphone penetration to 58% of postpaid customers.
- TDS Telecom also saw increases in operating revenues and adjusted income before taxes compared to the previous year.
- Revenue decreased 1% year-over-year and 4% quarter-over-quarter due to higher than expected churn from a small number of significant customers.
- Adjusted EBITDA increased 1% year-over-year but decreased 21% quarter-over-quarter due to the revenue shortfall and seasonal costs.
- While first quarter results were soft, the company expects a rapid recovery in the second quarter and maintains its full-year guidance for Adjusted EBITDA.
Telecom Italia 1H 2013 Results - Operations - Marco PatuanoGruppo TIM
- Telecom Italia Group reported its 1H 2013 results, with Marco Patuano presenting.
- In the second quarter, Domestic service revenues declined 11% year-over-year due to regulatory impacts, competition in mobile, and a challenging economic environment. However, cost reduction efforts helped limit the EBITDA decline.
- In mobile, TIM responded firmly to competitive price pressures, stabilizing its market share and customer base. Key performance indicators like churn and ARPU showed improvement. The focus is now on convergence and segment-specific offerings.
- For fixed lines, the fiber and ultra-broadband rollout is a key priority and will help support revenues over the long-term. Investments in
Juniper networks q4 2014 financial results slides final 2015-02-23IRJuniperNetworks
- Juniper Networks reported financial results for Q4 2014 with revenue decreasing 14% year-over-year and 2% quarter-over-quarter to $1.1 billion. Excluding the divested Junos Pulse business, revenue decreased 11% year-over-year and increased 1% quarter-over-quarter.
- Non-GAAP operating margin was 21.9% and non-GAAP diluted EPS increased $0.05 quarter-over-quarter to $0.41 per share.
- For the full year 2014, revenue decreased 1% year-over-year while excluding Junos Pulse revenue was flat. Non-GAAP operating margin expanded 1.5 percentage points to
- Juniper Networks reported financial results for Q4 2014 with revenue of $1.1 billion, down 14% year-over-year but up 1% quarter-over-quarter excluding Junos Pulse.
- Non-GAAP operating margin was 21.9%, flat year-over-year as cost reductions offset revenue declines.
- Weakness in the US carrier market impacted routing and security revenue, though demand from cloud providers partially offset declines.
- Juniper Networks reported financial results for Q2 2014 with total revenue of $1.229 billion, a 7% increase year-over-year.
- Non-GAAP operating margin was 22.3%, an improvement of 3.4 percentage points from the previous year.
- Net income increased 28% year-over-year to $190 million, with non-GAAP EPS of $0.40, up $0.11 from the previous year.
This presentation contains forward-looking statements, including our expectations for revenue, adjusted EBITDA and capital expenditures in 2016 and our ability to deliver growth from our high-performance, hybridized Internet infrastructure services.
Atlantic Tele-Network Inc presented the following on "End-to-End Revenue Assurance in a Group Company Environment" in April 2011 at the TeleStrategies Revenue Assurance and Management Conference.
Internap reported financial results for the fourth quarter of 2014, with consolidated revenue increasing 14% year-over-year. Data center services revenue grew 23% year-over-year and now makes up 73% of total revenue, driven by a strategic shift toward higher-margin data center services. Adjusted EBITDA increased 45% year-over-year due to favorable revenue mix and tight cost controls, with adjusted EBITDA margin expanding 590 basis points. Management expects continued revenue and profit growth in 2015 through leveraging data center capacity expansions and migrating customers to new infrastructure.
- Juniper Networks held a quarterly financial results conference call on April 22, 2014 to discuss Q1 2014 results.
- The company's Integrated Operating Plan is driving significant cost reductions through structural changes, with $160 million in annualized savings expected by Q1 2015.
- Capital allocation priorities include returning $3 billion to stockholders over the next three years through share repurchases and initiating a quarterly dividend of $0.10 per share in Q3 2014.
- Q1 2014 financial results showed 10% year-over-year revenue growth, a non-GAAP operating margin of 17.2%, and fifth consecutive quarter of year-over-year non-GAAP diluted EPS growth
Rami Rahim, EVP and GM of Juniper Networks' Platform Systems Division, discussed the company's Q3 2013 results and data center strategy. Key points include:
- Platform Systems Division achieved record quarterly product revenue of $742 million, up 17% year-over-year, driven by growth in routing and MX revenue.
- Juniper introduced new products like the QFX5100 top-of-rack switch and expanded SDN capabilities through Contrail and Network Director.
- Juniper's vision is for a "MetaFabric" next generation data center architecture that simplifies and accelerates application deployment across on-premises, managed, hosted, and cloud environments.
U.S. Cellular reported fourth quarter 2017 results. Key accomplishments in 2017 included protecting and growing the customer base, driving high margin revenue streams, and continuing to enhance the network advantage. Strategic priorities for 2018 include protecting the subscriber base, driving revenue growth through new products and services, and capitalizing on opportunities in the SMB/government sector. Fourth quarter highlights included growth in postpaid and prepaid connections, increases in Adjusted OIBDA and Adjusted EBITDA, and benefits related to the Tax Act. Guidance for 2018 estimates total operating revenues between $3.85-$4.05 billion and Adjusted EBITDA between $765-$915 million.
- The investor presentation covered the company's performance in the third quarter of 2015, reporting year-over-year increases in key metrics such as cable/satellite homes (+34%), mobile net sales (+46%), and online net sales. Net sales increased 3% overall.
- Additional highlights included a 4% increase in average purchase frequency, a 230 basis point decrease in return rates, and a 7% increase in units shipped.
- Financial results showed growth in net sales but a decrease in operating income and net income compared to the same period the previous year.
Juniper Networks reported strong financial results for Q4 2013 with record revenue and earnings growth. Revenue for Q4 2013 increased 7% quarter-over-quarter and 12% year-over-year to $1.27 billion. Non-GAAP diluted earnings per share for Q4 2013 was $0.43, up $0.10 from the previous quarter and $0.15 from the same quarter a year ago. For the full year 2013, revenue increased 7% to $4.67 billion while non-GAAP diluted EPS increased $0.43 to $1.28. Juniper expects revenue for Q1 2014 to be between $1.12 billion to $1.16 billion and non-GA
Tennant Company held an earnings call to discuss its third quarter 2016 results. It reported net sales of $200.1 million, down slightly organically due to sluggish conditions in EMEA and APAC. However, the Americas saw record quarterly revenue. Earnings per share were $0.64. Tennant also discussed two recent acquisitions and its pipeline of new product launches. Looking ahead, Tennant expects a return to organic sales growth in the fourth quarter and remains committed to achieving at least a 12% operating profit margin through revenue growth and cost controls.
Tennant Company reported financial results for the fourth quarter and full year of 2015. For Q4 2015, net sales were $205.9 million with organic sales growth of 0.2%. Net earnings were $0.93 per diluted share on an adjusted and constant currency basis, equal to the prior year quarter. For the full year, net sales were $811.8 million with organic growth of 4.3% and net earnings were $3.00 per diluted share on an adjusted and constant currency basis, up 11.1% over the prior year. Looking ahead, Tennant expects 2016 net sales between $795-$825 million and EPS between $2.25-$2.55. The company remains committed to
This document provides a summary of TDS Telecom's third quarter 2013 results and guidance for 2013. It discusses strategic actions including asset sales and capital allocation. Key metrics for U.S. Cellular's core markets such as customer additions, service revenues, and smartphone penetration are presented. Financial performance for the total company and core markets is also summarized. The document concludes with strategic priorities and operating performance for TDS Telecom.
U.S. Cellular reported its second quarter 2013 results. Key highlights include:
- Service revenues for core markets were $865.7 million, down slightly from the previous year. Postpaid customer losses were 53,000 for the quarter.
- Total company operating income was $219.1 million, up significantly from the previous year due to gains from divesting assets. Adjusted pre-tax income was $209.5 million.
- Guidance for 2013 expects service revenues between $3.615-3.715 billion and adjusted pre-tax income between $600-700 million. Capital expenditures are expected to be $735 million.
- U.S. Cellular
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a telecommunications company.
- Key metrics for Q4 2014 include postpaid subscriber growth, increased smartphone penetration, and reduced churn rates compared to Q4 2013.
- Strategic priorities for 2015 are outlined as driving further subscriber and revenue growth, reducing costs, and differentiating through the company's value proposition. Financial guidance for 2015 projects increased total operating revenues and operating cash flow compared to 2014 actual results.
- U.S. Cellular reported positive third quarter 2014 results including postpaid net additions, increased postpaid gross additions, and improved postpaid churn. However, adjusted income before taxes decreased from the prior year.
- The company continued expanding and upgrading its 4G LTE network, increased smartphone penetration, and saw growth in connected devices and equipment installment plans.
- TDS Telecom grew revenues in its wireline, cable, and hosted services divisions. However, it recorded an impairment charge.
Tennant Co. provides a presentation for investors outlining its business strategy and financial outlook. The company aims to reach $1 billion in sales organically while maintaining an operating profit margin above 12%. Tennant has the strongest product pipeline in its history and is focusing on new product development, expanding in emerging markets, and increasing its sales and service coverage globally. For 2016, Tennant expects sales between $800-820 million and EPS between $2.35-$2.60, with challenges from foreign currency exchange rates and a slowing economy.
Tennant Company provides an investor presentation summarizing its business and growth strategy. The company aims to reach $1 billion in sales through organic growth initiatives like new product development and expanding into new markets. Tennant has a diverse portfolio of cleaning equipment and technologies and sees opportunities in areas like emerging markets, e-commerce, and acquisitions. It is focused on operational efficiency and talent retention to support its vision of leading the cleaning industry through sustainable innovation.
Tennant Company presented its investor presentation for March 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, including $812 million in revenue and adjusted earnings per share of $2.49. Tennant also outlined its growth strategies such as expanding in emerging markets, strengthening its product portfolio with new technologies, and increasing sales and service coverage globally. Tennant reaffirmed its goals of achieving $1 billion in annual sales and maintaining an operating profit margin of 12% or above.
Telecom Italia 1H 2013 Results - Operations - Marco PatuanoGruppo TIM
- Telecom Italia Group reported its 1H 2013 results, with Marco Patuano presenting.
- In the second quarter, Domestic service revenues declined 11% year-over-year due to regulatory impacts, competition in mobile, and a challenging economic environment. However, cost reduction efforts helped limit the EBITDA decline.
- In mobile, TIM responded firmly to competitive price pressures, stabilizing its market share and customer base. Key performance indicators like churn and ARPU showed improvement. The focus is now on convergence and segment-specific offerings.
- For fixed lines, the fiber and ultra-broadband rollout is a key priority and will help support revenues over the long-term. Investments in
Juniper networks q4 2014 financial results slides final 2015-02-23IRJuniperNetworks
- Juniper Networks reported financial results for Q4 2014 with revenue decreasing 14% year-over-year and 2% quarter-over-quarter to $1.1 billion. Excluding the divested Junos Pulse business, revenue decreased 11% year-over-year and increased 1% quarter-over-quarter.
- Non-GAAP operating margin was 21.9% and non-GAAP diluted EPS increased $0.05 quarter-over-quarter to $0.41 per share.
- For the full year 2014, revenue decreased 1% year-over-year while excluding Junos Pulse revenue was flat. Non-GAAP operating margin expanded 1.5 percentage points to
- Juniper Networks reported financial results for Q4 2014 with revenue of $1.1 billion, down 14% year-over-year but up 1% quarter-over-quarter excluding Junos Pulse.
- Non-GAAP operating margin was 21.9%, flat year-over-year as cost reductions offset revenue declines.
- Weakness in the US carrier market impacted routing and security revenue, though demand from cloud providers partially offset declines.
- Juniper Networks reported financial results for Q2 2014 with total revenue of $1.229 billion, a 7% increase year-over-year.
- Non-GAAP operating margin was 22.3%, an improvement of 3.4 percentage points from the previous year.
- Net income increased 28% year-over-year to $190 million, with non-GAAP EPS of $0.40, up $0.11 from the previous year.
This presentation contains forward-looking statements, including our expectations for revenue, adjusted EBITDA and capital expenditures in 2016 and our ability to deliver growth from our high-performance, hybridized Internet infrastructure services.
Atlantic Tele-Network Inc presented the following on "End-to-End Revenue Assurance in a Group Company Environment" in April 2011 at the TeleStrategies Revenue Assurance and Management Conference.
Internap reported financial results for the fourth quarter of 2014, with consolidated revenue increasing 14% year-over-year. Data center services revenue grew 23% year-over-year and now makes up 73% of total revenue, driven by a strategic shift toward higher-margin data center services. Adjusted EBITDA increased 45% year-over-year due to favorable revenue mix and tight cost controls, with adjusted EBITDA margin expanding 590 basis points. Management expects continued revenue and profit growth in 2015 through leveraging data center capacity expansions and migrating customers to new infrastructure.
- Juniper Networks held a quarterly financial results conference call on April 22, 2014 to discuss Q1 2014 results.
- The company's Integrated Operating Plan is driving significant cost reductions through structural changes, with $160 million in annualized savings expected by Q1 2015.
- Capital allocation priorities include returning $3 billion to stockholders over the next three years through share repurchases and initiating a quarterly dividend of $0.10 per share in Q3 2014.
- Q1 2014 financial results showed 10% year-over-year revenue growth, a non-GAAP operating margin of 17.2%, and fifth consecutive quarter of year-over-year non-GAAP diluted EPS growth
Rami Rahim, EVP and GM of Juniper Networks' Platform Systems Division, discussed the company's Q3 2013 results and data center strategy. Key points include:
- Platform Systems Division achieved record quarterly product revenue of $742 million, up 17% year-over-year, driven by growth in routing and MX revenue.
- Juniper introduced new products like the QFX5100 top-of-rack switch and expanded SDN capabilities through Contrail and Network Director.
- Juniper's vision is for a "MetaFabric" next generation data center architecture that simplifies and accelerates application deployment across on-premises, managed, hosted, and cloud environments.
U.S. Cellular reported fourth quarter 2017 results. Key accomplishments in 2017 included protecting and growing the customer base, driving high margin revenue streams, and continuing to enhance the network advantage. Strategic priorities for 2018 include protecting the subscriber base, driving revenue growth through new products and services, and capitalizing on opportunities in the SMB/government sector. Fourth quarter highlights included growth in postpaid and prepaid connections, increases in Adjusted OIBDA and Adjusted EBITDA, and benefits related to the Tax Act. Guidance for 2018 estimates total operating revenues between $3.85-$4.05 billion and Adjusted EBITDA between $765-$915 million.
- The investor presentation covered the company's performance in the third quarter of 2015, reporting year-over-year increases in key metrics such as cable/satellite homes (+34%), mobile net sales (+46%), and online net sales. Net sales increased 3% overall.
- Additional highlights included a 4% increase in average purchase frequency, a 230 basis point decrease in return rates, and a 7% increase in units shipped.
- Financial results showed growth in net sales but a decrease in operating income and net income compared to the same period the previous year.
Juniper Networks reported strong financial results for Q4 2013 with record revenue and earnings growth. Revenue for Q4 2013 increased 7% quarter-over-quarter and 12% year-over-year to $1.27 billion. Non-GAAP diluted earnings per share for Q4 2013 was $0.43, up $0.10 from the previous quarter and $0.15 from the same quarter a year ago. For the full year 2013, revenue increased 7% to $4.67 billion while non-GAAP diluted EPS increased $0.43 to $1.28. Juniper expects revenue for Q1 2014 to be between $1.12 billion to $1.16 billion and non-GA
Tennant Company held an earnings call to discuss its third quarter 2016 results. It reported net sales of $200.1 million, down slightly organically due to sluggish conditions in EMEA and APAC. However, the Americas saw record quarterly revenue. Earnings per share were $0.64. Tennant also discussed two recent acquisitions and its pipeline of new product launches. Looking ahead, Tennant expects a return to organic sales growth in the fourth quarter and remains committed to achieving at least a 12% operating profit margin through revenue growth and cost controls.
Tennant Company reported financial results for the fourth quarter and full year of 2015. For Q4 2015, net sales were $205.9 million with organic sales growth of 0.2%. Net earnings were $0.93 per diluted share on an adjusted and constant currency basis, equal to the prior year quarter. For the full year, net sales were $811.8 million with organic growth of 4.3% and net earnings were $3.00 per diluted share on an adjusted and constant currency basis, up 11.1% over the prior year. Looking ahead, Tennant expects 2016 net sales between $795-$825 million and EPS between $2.25-$2.55. The company remains committed to
This document provides a summary of TDS Telecom's third quarter 2013 results and guidance for 2013. It discusses strategic actions including asset sales and capital allocation. Key metrics for U.S. Cellular's core markets such as customer additions, service revenues, and smartphone penetration are presented. Financial performance for the total company and core markets is also summarized. The document concludes with strategic priorities and operating performance for TDS Telecom.
U.S. Cellular reported its second quarter 2013 results. Key highlights include:
- Service revenues for core markets were $865.7 million, down slightly from the previous year. Postpaid customer losses were 53,000 for the quarter.
- Total company operating income was $219.1 million, up significantly from the previous year due to gains from divesting assets. Adjusted pre-tax income was $209.5 million.
- Guidance for 2013 expects service revenues between $3.615-3.715 billion and adjusted pre-tax income between $600-700 million. Capital expenditures are expected to be $735 million.
- U.S. Cellular
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a telecommunications company.
- Key metrics for Q4 2014 include postpaid subscriber growth, increased smartphone penetration, and reduced churn rates compared to Q4 2013.
- Strategic priorities for 2015 are outlined as driving further subscriber and revenue growth, reducing costs, and differentiating through the company's value proposition. Financial guidance for 2015 projects increased total operating revenues and operating cash flow compared to 2014 actual results.
- U.S. Cellular reported positive third quarter 2014 results including postpaid net additions, increased postpaid gross additions, and improved postpaid churn. However, adjusted income before taxes decreased from the prior year.
- The company continued expanding and upgrading its 4G LTE network, increased smartphone penetration, and saw growth in connected devices and equipment installment plans.
- TDS Telecom grew revenues in its wireline, cable, and hosted services divisions. However, it recorded an impairment charge.
Tennant Co. provides a presentation for investors outlining its business strategy and financial outlook. The company aims to reach $1 billion in sales organically while maintaining an operating profit margin above 12%. Tennant has the strongest product pipeline in its history and is focusing on new product development, expanding in emerging markets, and increasing its sales and service coverage globally. For 2016, Tennant expects sales between $800-820 million and EPS between $2.35-$2.60, with challenges from foreign currency exchange rates and a slowing economy.
Tennant Company provides an investor presentation summarizing its business and growth strategy. The company aims to reach $1 billion in sales through organic growth initiatives like new product development and expanding into new markets. Tennant has a diverse portfolio of cleaning equipment and technologies and sees opportunities in areas like emerging markets, e-commerce, and acquisitions. It is focused on operational efficiency and talent retention to support its vision of leading the cleaning industry through sustainable innovation.
Tennant Company presented its investor presentation for March 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, including $812 million in revenue and adjusted earnings per share of $2.49. Tennant also outlined its growth strategies such as expanding in emerging markets, strengthening its product portfolio with new technologies, and increasing sales and service coverage globally. Tennant reaffirmed its goals of achieving $1 billion in annual sales and maintaining an operating profit margin of 12% or above.
Tennant Company presented its strategy and financial outlook. They aim to reach $1 billion in sales organically through new product development, e-commerce expansion, and strategic acquisitions. Recent investments in their product portfolio, technologies like robotics and battery innovations, and CRM systems are expected to drive continued growth. For 2016, Tennant forecasts sales of $805-815 million and adjusted EPS of $2.40-2.60, with challenges from foreign exchange rates and a slow global economy.
The document is a presentation from Teekay LNG Partners regarding their Q3-2016 earnings. Some key highlights from the presentation include:
- Teekay LNG generated $54.3 million in distributable cash flow and $116 million in cash flow from vessel operations in Q3-2016.
- They have secured long-term charter contracts for all of their LNG carrier newbuildings, providing $12.2 billion in forward fee-based revenues over an average contract duration of 13 years.
- Financing for their growth projects, including 8 MEGI LNG carriers and the Bahrain regasification terminal, is on track, with committed and anticipated debt financing covering most of the
Tennant Company presented its investor presentation for November 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It provided an overview of Tennant's financial performance in 2015, with $812 million in revenue. It also outlined Tennant's growth strategies, which include expanding into new markets and verticals, delivering a strong product pipeline, and improving margins. Tennant believes these strategies can help it achieve its goal of $1 billion in revenue while maintaining an operating profit margin above 12%.
Tennant Company presented at the Needham Conference in January 2017. The presentation provided an overview of Tennant Company, which is a global leader in designing cleaning solutions. It summarized Tennant's vision, competitive position in the $5 billion global cleaning equipment market, broad product portfolio and customer base, growth strategy to reach $1 billion in sales, strategic priorities around digital technologies, and financial performance with goals for continued sales and profit margin growth. The presentation contained forward-looking statements and cautioned that actual results could differ from expectations.
- 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.
- The document provides fourth quarter 2015 results and full year 2015 results for TDS and its subsidiaries U.S. Cellular and TDS Telecom. It also outlines strategic priorities and guidance for 2016.
- Key highlights for Q4 2015 include operating revenues of $987 million for U.S. Cellular, adjusted EBITDA of $178 million, and 75,000 retail net additions. TDS Telecom saw operating revenues of $284 million and adjusted EBITDA of $71 million.
- For full year 2015, U.S. Cellular operating revenues were $3.997 billion and adjusted EBITDA was $852 million. TDS Telecom operating revenues were $1.158
This one sentence document appears to be a title or heading that does not provide enough context for a meaningful 3 sentence summary. The title "SemGroup's 2017 JA in a Day" does not convey essential information on its own.
Tennant Company reported second quarter 2016 earnings. Key highlights include:
- Consolidated net sales of $216.8 million, up 2.4% organically.
- Record second quarter sales in the Americas and strong organic growth in EMEA.
- Net earnings of $0.89 per diluted share on a constant currency basis, up 12.7% versus prior year.
- The company narrowed full-year sales guidance and raised earnings guidance.
This document provides an overview of SemGroup's non-GAAP financial measures, forward-looking statements, and strategic growth plan. It discusses SemGroup's Adjusted EBITDA measure and why certain items are excluded. It also notes key limitations of non-GAAP measures and that management compensates for these limitations. An overview is then provided of SemGroup's crude and natural gas assets, operations, and strategic growth areas. Key performance metrics and asset details are highlighted for SemGroup's crude and natural gas businesses.
Tennant Company presented its investment strategy and financial outlook. The presentation discussed Tennant's goal of reaching $1 billion in sales organically through strategies like expanding into new markets and verticals, delivering new product innovations, improving their go-to-market approach, and growing in emerging markets. Tennant also expects challenges from foreign currency volatility and a slowing global economy. However, the company believes its portfolio of products and technologies and go-to-market strategy have positioned it well for future growth to achieve its financial targets.
Tennant Company presented at the Gabelli Conference in March 2016. The presentation discussed Tennant's vision to lead the global cleaning industry in sustainable innovation. It summarized Tennant's competitive position in the industry, broad portfolio of products, strong sales and service organizations globally, and diverse customer base. Tennant reiterated its strategic priorities of CRM and marketing automation, e-commerce, new product development, emerging markets, and future technologies. The presentation concluded with Tennant's financial summary, sales growth history, and 2016 financial outlook with anticipated sales between $795-825 million and EPS between $2.25-2.55.
- U.S. Cellular reported a net loss of $45.4 million for Q4 2013 compared to adjusted income before taxes of $153.6 million in Q4 2012.
- Key priorities for 2014 include driving subscriber growth, differentiating through value propositions, and focusing on equipment subsidies and cost management.
- TDS Telecom revenues increased 23% year-over-year to $271.9 million in Q4 2013 due to growth in cable and hosted/managed services revenues.
- U.S. Cellular reported second quarter results, with total operating revenues of $957.8 million compared to $951 million in the prior year. However, net income attributable to shareholders was -$18.8 million compared to $143.4 million previously.
- Key priorities include driving postpaid subscriber growth through improved network and devices, reducing churn, and increasing smartphone penetration and data usage to boost ARPU. U.S. Cellular also aims to return value to shareholders through stock repurchases and dividends.
- For 2014, total company guidance projects total operating revenues of $3.9-4 billion and adjusted income before taxes of $350-450 million. Capital expenditures are forecast at $
- The document provides financial results for the fourth quarter of 2014 and strategic priorities and guidance for 2015 for a telecommunications company.
- Key metrics for Q4 2014 include postpaid subscriber growth, increased smartphone penetration, and reduced churn rates compared to Q4 2013.
- Strategic priorities for 2015 are outlined as driving subscriber growth, increasing revenue through data monetization, reducing costs, and maintaining network quality. Financial guidance for 2015 projects total operating revenue of $4.0-4.2 billion and adjusted EBITDA of $530-630 million.
- U.S. Cellular reported first quarter 2016 results with highlights including growth in postpaid customers and net additions, higher equipment revenue driven by increased smartphone sales and adoption of equipment installment plans, and continued improvements in churn and operating expenses.
- Service revenues declined year-over-year due to competitive pricing pressures offsetting customer and data growth. Equipment sales revenues increased significantly.
- TDS Telecom wireline, cable, and hosted and managed services businesses also reported results, with the wireline unit focusing on fiber deployment and cable growing broadband customers.
The document provides an overview of a company's fourth quarter 2015 results, accomplishments in 2015, and strategic priorities for 2016. It summarizes the company's financial results for Q4 2015 and full year 2015, noting declines in revenue but increases in operating cash flow. It outlines the company's strategic priorities for 2016, which include driving customer growth, reducing costs, managing investments, and continuing its fiber deployment. The document also summarizes 2015 results and 2016 priorities for the company's wireline, cable, and hosted services divisions.
- 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.
Q3 2013 Telephone and Data Systems and U.S. Cellular Earnings Conference CallUSCellular
- U.S. Cellular reported third quarter 2013 results and provided guidance for full year 2013. Key highlights included:
- In Q3 2013, U.S. Cellular reported retail customer losses of 71,000 in its core markets.
- For full year 2013, U.S. Cellular expects service revenues of $3.59-3.64 billion, adjusted income before taxes of $600-700 million, and capital expenditures of $735 million.
- TDS Telecom reported revenue growth of 6% in Q3 2013 driven by increases in its cable, Hosted and Managed Services, and wireline businesses. For 2013, TDS Telecom expects revenues of $
- The company reported second quarter 2015 results with continued growth in key metrics such as customer additions, data usage, and operating revenues. Total operating revenues grew 2% year-over-year.
- Operating cash flow increased 73% to $163 million compared to the second quarter of 2014, driven by lower SG&A expenses and ongoing cost management initiatives. Adjusted EBITDA grew 61% to $207 million.
- Based on strong first half results, the company increased full year 2015 guidance ranges for operating cash flow to $440-540 million and adjusted EBITDA to $600-700 million.
The document summarizes the annual meeting of shareholders for TDS on May 24, 2018. It includes a safe harbor statement, the company's mission, an overview of TDS as a diversified communications company, highlights of its capital allocation strategy which focuses 75% on investing in the business and 25% on returning value to shareholders, a summary of U.S. Cellular's successes in 2017 and strategic priorities for 2018 which include attracting new customers, generating revenue growth, and driving cost reductions, an overview of TDS Telecom's accomplishments in 2017 and strategic priorities for 2018, and a summary stating TDS companies are focused on outstanding customer experiences and generating profitable growth through excellent networks and services.
The document provides a summary of third quarter 2016 results for U.S. Cellular and TDS Telecom. Key highlights include:
- U.S. Cellular had 61,000 retail net additions but postpaid net losses of 6,000 due to lower gross additions impacted by device availability issues. Service revenues and ARPU declined year-over-year.
- TDS Telecom segments saw growth in IPTV and broadband connections for Wireline and broadband connections for Cable. Hosted and Managed Services revenues declined due to lower equipment sales.
- Guidance for full year 2016 remains unchanged with estimated total operating revenues of $3.9-4.1 billion for U.S. Cell
The document provides third quarter 2016 financial results for U.S. Cellular and TDS Telecom. Key highlights include:
- U.S. Cellular's postpaid net losses were 6,000 due to lower gross additions, but postpaid churn was low at 1.34%. Equipment sales revenues increased 38% year-over-year.
- TDS Telecom's wireline, cable, and hosted/managed services businesses saw stable to modest growth in operating revenues and adjusted EBITDA compared to the prior year.
- Guidance for full year 2016 remains unchanged with estimated total operating revenues of $3.9-4.1 billion for U.S. Cellular and $1
Third quarter 2015 results showed:
- Completion of nationwide 4G LTE network covering 99% of customers and 83% of data traffic on this network
- Service revenue of $58 million from termination of rewards points program
- Postpaid churn of 1.41% reflecting improved customer satisfaction levels
- Strong growth in data usage and adoption of data-centric devices
- Ongoing cost management initiatives lowered expenses
- Increased guidance for operating cash flow and adjusted EBITDA due to strong growth in these measures.
Third quarter 2015 results saw:
- Completion of nationwide 4G LTE network and strong data usage growth.
- Postpaid churn of 1.41% and prepaid net additions of 12,000.
- Adjusted EBITDA of $257 million, up 47% from prior year excluding one-time rewards program termination.
- Guidance increased for full year operating cash flow to $540-620 million and Adjusted EBITDA to $710-790 million.
This document provides a summary of a 2016 Southwest IDEAS Investor Conference presentation by TDS Telecom and U.S. Cellular. It begins with a safe harbor statement noting that forward-looking statements in the presentation involve risks and uncertainties that could cause actual results to differ. The presentation then provides an overview of TDS Telecom and U.S. Cellular, their operations, strategic priorities, and financial performance. It discusses their focus on customer growth, revenue growth, data monetization, reducing costs and increasing margins. The presentation concludes with discussions of TDS' balanced capital allocation strategy and conservative financial position.
The document provides an overview of the company's second quarter 2017 results. It summarizes that postpaid handset growth and reduced churn led to 23,000 postpaid net additions. Average revenue and billings per user declined year-over-year. Adjusted OIBDA decreased 9% to $163 million due to lower service revenues and equipment sales, partially offset by lower expenses. Guidance for 2017 remains unchanged with estimated revenues of $3.8-4 billion and adjusted OIBDA of $550-650 million.
The document provides an overview of TDS Telecom's fourth quarter 2016 results and strategic priorities for 2017. Key points include:
- 2016 results showed revenue impacts from competition but improvements in churn. Adjusted EBITDA was up 4% excluding discrete items.
- 2017 priorities are protecting the customer base, driving high margin revenue streams, and continuing cost improvements. Investments will focus on network quality and preparing for VoLTE deployment.
- Guidance for 2017 estimates total operating revenues of $3.8-4 billion and adjusted EBITDA of $650-800 million.
This document provides a summary of key information from Raymond James 37th Annual Institutional Investors Conference on March 8, 2016. It discusses TDS (NYSE: TDS), a telecommunications company that operates through its subsidiaries TDS Telecom and U.S. Cellular. The summary highlights TDS' focus on long-term value creation, conservative financing strategy, and history of annual dividend increases. Financial results for 2015 show growth in operating cash flow, operating income, and adjusted EBITDA for both U.S. Cellular and TDS Telecom compared to 2014. Key strategic priorities for 2016 include revenue growth, reducing costs, and increasing margins.
The document provides financial results for U.S. Cellular and TDS Telecom for the second quarter of 2018. Some key highlights:
- Total operating revenues for U.S. Cellular increased 1% year-over-year to $974 million. Adjusted OIBDA increased 26% to $205 million.
- Wireline revenues declined 4% to $174 million due to declines in commercial and wholesale revenues. Adjusted EBITDA declined 12% to $59 million.
- Cable revenues grew 12% to $57 million driven by a 14% increase in broadband connections. Adjusted EBITDA increased 10% to $16 million.
- TDS Telecom's total
First quarter 2017 financial results and strategic priorities for TDS and its subsidiaries U.S. Cellular and TDS Telecom.
Key highlights include:
- U.S. Cellular reduced postpaid handset churn to 1.08%, launched new unlimited plans, and saw adjusted EBITDA rise 11%.
- TDS Telecom grew revenues across wireline, cable, and hosted/managed services segments and increased adjusted EBITDA 13%.
- Guidance for 2017 remains unchanged with goals of growing revenues, operating cash flow, and adjusted EBITDA for both companies.
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2. Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995
All information set forth in this presentation, except historical and factual information, represents
forward-looking statements. This includes all statements about the company’s plans, beliefs,
estimates, and expectations. These statements are based on current estimates, projections, and
assumptions, which involve certain risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Important factors that may affect these
forward-looking statements include, but are not limited to: impacts of any pending acquisition and
divestiture transactions, including, but not limited to, the ability to obtain regulatory approvals,
successfully complete the transactions and the financial impacts of such transactions; the ability of
the company to successfully manage and grow its markets; the overall economy; competition; the
access to and pricing of unbundled network elements; the ability to obtain or maintain roaming
arrangements with other carriers on acceptable terms; the state and federal telecommunications
regulatory environment; the value of assets and investments; adverse changes in the ratings
afforded TDS and U.S. Cellular debt securities by accredited ratings organizations; industry
consolidation; advances in telecommunications technology; uncertainty of access to the capital
markets; pending and future litigation; changes in income tax rates, laws, regulations or rulings;
acquisitions/divestitures of properties and/or licenses; changes in customer growth rates, average
monthly revenue per user, churn rates, roaming revenue and terms, the availability of handset
devices, or the mix of products and services offered by U.S. Cellular and TDS Telecom. Investors
are encouraged to consider these and other risks and uncertainties that are discussed in
documents furnished to the Securities and Exchange Commission (“SEC”).
2
3. TDS first quarter update
• TDS share repurchases
• Monetization of non-core spectrum
• Non-core tower sale
3
4.
5. Q1 2014 update
• Drive subscriber growth
• Differentiate through refined value proposition
• Drive revenue growth through smartphone adoption and
data monetization
• Focus on equipment subsidies and cost management
55
6. Drive subscriber growth
• Increase gross additions with high-quality network, strong
device portfolio, connected devices, product and pricing
improvements
• Postpaid gross additions* up 12%
• Reduce churn through device portfolio, including Apple
devices, membership experience, customer lifecycle
management
• Enhance and expand distribution
• Resolve billing issues and rebuild reputation for exceptional
customer service
• Issues substantially resolved and service levels back to
acceptable levels
6* Core markets-definition provided in note at the end of this presentation
7. Differentiate through refined
value proposition
• Best-in-class 4G/LTE network
• Launch new products and
services that leverage our
network
• Membership experience
• Treat customers like
neighbors not numbers
• Rewards Program
• Create a localized experience
for customers
• New local advertising
7
8. Drive revenue growth
• Increase smartphone penetration
• Postpaid smartphone penetration* increased from 43% to 53%
• Launch new products and services that utilize and monetize our
data network
• Connected devices
• Simple Connect Plans (no contract)
• Equipment installment plans
• Shared Connect Plans (shared data)
• Postpaid customers on Shared Connect Plans increased to 13%
• Growth in data traffic will drive revenue and ARPU growth
• Postpaid ARPU* increased 6% to $57.59
8* Core markets-definition provided in note at the end of this presentation
9. Focus on subsidies and cost management
• Align costs with revenues
• Manage subsidies
• Offer equipment installment plans
• Offer attractive lower-cost devices
• Manage growth in data usage
• Cost-reduction initiatives
9
10. Customer results - Core markets*
10
Q1 ‘14 Q1 ’13
Postpaid gross additions 197,000 176,000
Postpaid churn 2.3% 1.6%
Postpaid net (losses) (93,000) (33,000)
Prepaid net additions 13,000 31,000
Retail net (losses) (80,000) (2,000)
Total retail customers 4,530,000 4,836,000
* Core markets-definition provided in note at the end of this presentation
11. Postpaid churn – Core markets*
11
Jan-2013 Apr-2014Dec-2013
* Core markets-definition provided in note at the end of this presentation
12. Smartphone penetration - Core markets*
12* Core markets-definition provided in note at the end of this presentation
13. Postpaid ARPU - Core markets*
13* Core markets-definition provided in note at the end of this presentation
14. Service revenues(1) - Core markets*
14
($ in millions) Q1 ‘14 Q1 ‘13
Service revenues $853.6 $860.3
Retail service 764.8 765.3
Roaming 50.1 51.7
Other 38.7 43.3
(1)Service revenues for the core markets for Q1 2013 is a non-GAAP financial measure that is defined in the non-GAAP
reconciliation at the end of the presentation.
* Core markets-definition provided in note at the end of this presentation
15. Financial Performance - Core markets*
15
($ in millions) Q1 ‘14 Q1 ‘13
Service revenues $853.6 $860.3
System operations expense 180.6 184.2
Loss on equipment 198.3 148.7
SG&A expenses 395.6 383.4
Total investment and other income 23.2 23.5
Adjusted income before income taxes (1) $115.3 $173.6
(1) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the non-GAAP
reconciliation at the end of the presentation
* Core markets-definition provided in note at the end of this presentation
16. Total company financial performance
16
($ in millions) Q1 ‘14 Q1 ‘13
Service revenues $853.6 $996.3
System operations expense 180.6 216.3
Loss on equipment 198.3 156.3
SG&A expenses 395.6 420.1
Operating income 7.8 1.5
Total investment and other income 23.2 16.6
Adjusted income before income taxes (1) $115.3 $225.8
(1) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the
non-GAAP reconciliation at the end of the presentation.
17. Divestiture impact on Q1 2014 operating
income
17
($ in millions)
Accelerated depreciation, amortization and accretion $13.1
Other costs/(benefits) (7.1)
Total reduction to operating income $6.0
18. Total company financial performance (cont.)
18
($ in millions, except per share amounts) Q1 ‘14 Q1 ‘13
Net income attributable to U.S. Cellular
shareholders
$19.5 $4.9
Diluted earnings per share attributable to
U.S. Cellular shareholders
$0.23 $0.06
Cash flows from operating activities 63.5 223.6
Less: Cash used for additions to property, plant
& equipment
109.5 151.0
Free cash flow(1) $(46.0) $72.6
(1) Free cash flow is defined as cash flows from operating activities less cash used for additions to property,
plant and equipment. Free cash flow is a non-GAAP financial measure which U.S. Cellular believes may be
useful to investors and other users of its financial information in evaluating the amount of cash generated
by business operations, after cash used for additions to property, plant and equipment.
19.
20. Q1 2014 update
20
• Wireline
• Deploy fiber where economically justified
• Expanded IPTV into two additional markets
• Cable
• Improve customer penetration in Baja markets
• Grew broadband connections
• Meaningful synergies identified
• Acquisition of BendBroadband
• HMS
• Drive growth in recurring revenues
21. BendBroadband key facts
21
Company Facts
• Operates 3 businesses in Bend, OR
• Cable operations
• Tier III data center
• Broadcasting and advertising
operations
• Annual revenues of $70m in 2013
• Cable operations
• 79,000 homes/businesses passed
• Subscribers: 36k video, 41k
broadband, 22k voice
• 100% of network is 750/860 MHz
& DOCSIS 3.0 active
Terms of Acquisition
• $261 million in cash
• Expect to close in third
quarter
22. BendBroadband acquisition supports profitable growth
22
Why BendBroadband?
• Attractive demographics
• Above average household growth
• Vibrant entrepreneurial community
• No fiber competitors
• High penetrations in all products
• State of the art network
• Fiber network throughout region
• Talented, tech-savvy staff
• Strong cash flow
How we create value?
• Continue to grow market share
• Market fiber connectivity
• Launch TDS products
• Enhance data center offerings
• Deploy existing platforms like voice and
billing/operating systems
• Leverage tools and processes like fleet
and vendor management
• Utilize talent and expertise to continue
to expand our cable operations
Strategy Own the best pipe in the market to drive profitable broadband, video,
and commercial growth in midsize and rural markets
23. TDS Telecom operating performance
($ in millions) Q1 ‘14 Q1 ‘13 Change
Wireline $177.5 $181.6 (2%)
Cable 22.5 --- N/M
HMS 63.1 35.6 77%
Total operating revenues(1) 262.4 217.1 21%
Expenses(1)(2) 190.3 159.5 19%
Adjusted income before income
taxes(3)
$72.6 $57.6 26%
23
(1) Reflects intercompany eliminations.
(2) Represents cost of products and services and selling, general and administrative expenses.
(3) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the non-GAAP
reconciliation at the end of the presentation.
24. Wireline operating performance
($ in millions) Q1 ’14 Q1 ’13 Change
Residential $72.5 $73.0 (1%)
Commercial 58.0 57.1 1%
Wholesale 46.4 50.5 (8%)
Total service revenues 176.9 180.7 (2%)
Total operating revenues 177.5 181.6 (2%)
Expenses(1) 111.4 124.8 (11%)
Adjusted income before income taxes(2) $66.5 $56.9 17%
24
(1) Represents cost of products and services and selling, general and administrative expenses.
(2) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the non-GAAP
reconciliation at the end of the presentation.
27. Cable operating performance
27
(as of 3/31/14) Connections
Video 68,700
Broadband 63,000
Voice 17,700
Total cable connections 149,400
(as of 3/31/14)
Industry
Penetration Baja Penetration
Video 41% 31%
Broadband 40% 29%
Voice 21% 8%
(1) Represents cost of products and services and selling, general and administrative expenses.
(2) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the
non-GAAP reconciliation at the end of the presentation.
Q1 ‘14
Operating revenues $22.5
Expenses(1) 17.3
Adjusted income before income
taxes(2)
$5.1
28. Hosted and Managed Services
operating performance
($ in millions) Q1 ’14 Q1 ’13 Change
Service revenues $27.4 $22.0 24%
Equipment revenues 35.7 13.6 N/M
Total operating revenues 63.1 35.6 77%
Expenses(1) 62.2 34.7 79%
Adjusted income before
income taxes(2)
$1.0 $0.7 41%
28
(1) Represents cost of products and services and selling, general and administrative expenses.
(2) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the
non-GAAP reconciliation at the end of the presentation.
29. 2014 TDS Telecom guidance(1)
(as of 5/2/14)
($ in millions)
2014 Estimates
(Current)
2014 Estimates
(Previous)
Operating revenues $1,050 - $1,100 Unchanged
Adjusted income before
income taxes (2)
$250 - $280 Unchanged
Capital expenditures Approx. $200 Unchanged
29
(1) 2014 guidance will be updated for BendBroadband when the acquisition closes. There can be no
assurance that final results will not differ materially from such estimated results.
(2) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the non-
GAAP reconciliation at the end of the presentation.
31. Q1 2013 core market* service revenues(1)
31
1) Core market service revenues for 2013, adjusted to exclude the Divestiture Markets, which were sold on May
16, 2013, and the NY1 and NY2 partnerships which were deconsolidated on April 3, 2013, is a non-GAAP
financial measure. U.S. Cellular believes this measure helps to show results on a more comparable basis from
period to period.
($ in millions)
Core
Markets*
Divestiture
Markets
NY1 &
NY2 Consolidated
Service
revenues
$860.3 $95.2 $40.8 $996.3
Retail
Service
765.3 89.8 28.8 883.9
Roaming 51.7 4.8 9.4 65.9
Other 43.3 0.6 2.6 46.5
* Core markets-definition provided in note at the end of this presentation
32. Adjusted income before income
taxes reconciliation (actual results)
32
U.S. Cellular
Consolidated
(1) Wireline Cable HMS
TDS
Telecom
Total TDS (2)
U.S. Cellular
Consolidated
(1) Wireline Cable HMS
TDS
Telecom
Total TDS (2)
Income before
income taxes
31.0 24.4 0.7 (6.1) 19.0 31.9 18.1 13.7 --- (5.2) 8.6 11.2
Depreciation,
amortization and
accretion expense
(3)
167.8 42.7 4.4 6.7 53.8 224.9 189.8 44.0 --- 5.5 49.5 242.1
(Gain) loss on sale of
business and other
exit costs, net
(6.9) --- --- --- --- (6.9) 6.9 --- --- --- --- 6.9
(Gain) loss on license
sales and exchanges
(91.4) --- --- --- --- (91.4) --- --- --- --- --- ---
Interest expense 14.9 (0.6) --- 0.4 (0.2) 28.7 10.9 (0.8) --- 0.4 (0.4) 24.5
Adjusted income
before income taxes
(4)
115.3 66.5 5.1 1.0 72.6 187.2 225.8 56.9 --- 0.7 57.6 284.7
Three Months Ended 3/31/14
($ in millions)
Three Months Ended 3/31/13
33. Core markets* adjusted income before
income taxes reconciliation
33
($ in millions)
Core markets
Three months ended 3/3/14
Core markets
Three months ended 3/31/13
Income before income taxes 31.0 31.8
Depreciation, amortization and accretion
expense (3)
167.8 131.1
(Gain) loss on sale of business and other
exit costs, net
(6.9) (0.2)
(Gain) loss on license sales and
exchanges
(91.4) ---
Interest expense 14.9 10.8
Adjusted income before income taxes (4) 115.3 173.6
* Core markets-definition provided in note at the end of this presentation
34. (1) The U.S. Cellular Consolidated amounts represent GAAP financial measures and include the results of both the Core Markets and the Divestiture
Markets. The amounts for Core Markets and Divestiture Markets represent non-GAAP financial measures. TDS believes that the amounts for the Core
Markets and Divestiture Markets may be useful to investors and other users of its financial information in evaluating the separate results for the Core
Markets. Divestiture Markets are comprised of U.S. Cellular's Chicago, central Illinois, St. Louis and certain Indiana/Michigan/Ohio markets. Core
Markets are comprised of all other markets in which U.S. Cellular conducts business including Peoria, Rockford and certain other areas in Illinois, and in
Columbia, Joplin, Jefferson City and certain other areas in Missouri. Core Markets as defined also includes any other income or expenses due to U.S.
Cellular’s direct or indirect ownership interests in other spectrum in the Divestiture Markets which was not included in the sale and other retained assets
from the Divestiture Markets.
(2) The TDS column includes U.S. Cellular, TDS Telecom and also the impacts of consolidating eliminations, corporate operations and non-reportable
segments, all of which are not presented above.
(3) Actual results for the three months ended March 31, 2014 and March 31, 2013 include $13 million and $38 million, respectively, of incremental
accelerated depreciation, amortization and accretion resulting from the Divestiture Transaction.
(4) Adjusted income before income taxes is defined as Income before income taxes, adjusted for: Depreciation, amortization and accretion, net Gain or
loss on sale of business and other exit costs (if any), net Gain or loss on license sales and exchanges (if any), net Gain or loss on investments (if any),
and Interest expense. Adjusted income before income taxes excludes these items in order to show operating results on a more comparable basis from
period to period. In the future, TDS may also exclude other items from adjusted income before income taxes if such items may help reflect operating
results on a more comparable basis. TDS does not intend to imply that any such amounts that are excluded are non-recurring, infrequent or unusual;
such amounts may occur in the future. Adjusted income before income taxes is not a measure of financial performance under Generally Accepted
Accounting Principles (“GAAP“) and should not be considered as an alternative to Income before income taxes as an indicator of the Company’s
operating performance or as an alternative to Cash flows from operating activities, determined in accordance with GAAP, as an indicator of cash flows or
as a measure of liquidity. TDS believes Adjusted income before income taxes is a useful measure of TDS’ operating results before significant recurring
non-cash charges, discrete gains and losses and financing charges (Interest expense).
* For Q1 2014, core markets are equal to total company results. For comparability, core markets, as presented here, excludes the results of Divestiture
markets and NY1 and NY2 Partnerships, which were deconsolidated on April 3, 2013, as of or for the three months ended March 31, 2013. Refer to
U.S. Cellular’s Form 8-K filed on May 3, 2013 for pro forma financial information related to the Divestiture Transaction and the NY1 & NY2
Deconsolidation for the three months ended March 31, 2013, as if the transaction had occurred at the beginning of the period.
34