- 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 $
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.
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.
- 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 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 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.
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
- 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 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.
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.
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.
- 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 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 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.
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
- 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 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.
- TIM Group reported its 3Q 2018 results, with stable group revenues and clean EBITDA. Group net debt was down more than €1 billion year-over-year.
- In Italy, revenues were stable as improvements in Domestic EBITDA-CAPEX and a positive performance in Brazil offset pressures in the Domestic business. Fiber migration continued with over 2 million FTTx lines.
- TIM Brasil reported steady revenue growth and double-digit EBITDA growth, with ongoing efficiency and strong operational metrics including UBB coverage expansion.
- TIM is well positioned for 5G with spectrum leadership that will enable new services and strengthen its ultra broadband access leadership in Italy.
TIM Group reported its 2Q'18 results on July 25th, 2018. Key highlights included:
- Positive 0.8% year-over-year growth in group service revenues.
- Solid 51.3% year-over-year growth in group operating free cash flow.
- Resilient domestic service revenues despite regulatory impacts.
- Continued strong performance in Brazil with impressive revenue and EBITDA growth.
- Group net debt was reduced by €396 million versus 1Q'18.
liberty global 98D59FD4-AEFE-4E07-94BE-1D6D7EDB882C_Q4_2008_Presentation_FINALfinance43
This document provides a summary of Liberty Global's fiscal 2008 investor call held on February 24, 2009. It discusses Liberty Global's 2008 financial highlights including strong organic growth, opportunistic M&A activity, and a stable balance sheet and liquidity. Key metrics such as operating cash flow growth, margin expansion, and free cash flow growth are reviewed. Liberty Global's 2009 operating outlook targets continued growth in operating cash flow, operating cash flow margin expansion, and at least 25% free cash flow growth. Regional performance and trends in revenue, operating cash flow, and margins are also summarized.
Interim management report at september 2018Gruppo TIM
The document discusses the adoption of new IFRS 9 and IFRS 15 standards. For IFRS 9, it outlines the new classifications and measurements for financial assets based on business models and cash flow characteristics. It also discusses the new expected credit loss model to measure impairment of financial and trade receivables. For IFRS 15, it notes the new revenue recognition criteria are applicable from January 1, 2018 but no significant impact is expected.
This document provides a summary of Nokia's third quarter 2009 financial results conference call. The call covered Nokia's performance in devices and services, Nokia Siemens Networks, operating expenses, taxes, financial position, cash flow, currency impact, and upcoming capital markets day. Key highlights included solid device shipment numbers, ongoing cost reductions, lower than expected taxes, improving NSN margins, and currency headwinds partially offsetting sales growth.
Telecom Italia Group reported its 1Q09 results, focusing on cost control and cash flow generation. Revenues declined 3.8% organically due to challenges in the domestic market from channel restructuring and the economy. However, EBITDA was largely stable as cash costs fell 7.5%. Looking ahead, Telecom Italia will continue restructuring sales channels and controlling costs while implementing new offers to boost revenues in key segments.
This document provides an overview and summary of Liberty Global's 3rd Quarter 2008 Investor Call. It begins with introductory remarks noting the company's stable growth, diverse markets, and strategy remaining intact. The agenda outlines sections on operating updates, financial results, and Q&A. Key highlights include rebased growth rates of 6% for revenue and 13% for OCF year-to-date, record OCF margins in Q3, and growing penetration of advanced services driving ARPU and net adds across various markets. Financial results show continued OCF and free cash flow growth. The balance sheet maintains significant liquidity and leverage metrics trending lower. Limited near-term debt amaturities provide flexibility.
The document provides Q1 2019 results for TIM Group. Key highlights include:
- Service revenues decreased 3.0% YoY but EBITDA decreased only 2.1% as efficiency measures offset slower growth.
- Net debt was reduced by €190M from the previous quarter through improved cash conversion and working capital management.
- In the domestic business, mobile revenues declined due to lower handset sales but consumer ARPU is expected to stabilize in Q2. Fixed service revenues grew 1.8% excluding an international wholesale business.
- Cost optimization measures delivered €35M in savings in Q1, putting the company on track to achieve planned cost reductions.
The presentation provides highlights from TIM Group's 1Q18 results, including:
- Solid organic revenue and EBITDA growth for the Group, accelerating to double-digit EBITDA growth less capex.
- Positive performance across business units except for Sparkle, impacted by lower IRU renewal rates.
- Continued strong performance in Brazil with revenue and profitability growth.
- Focus on cost efficiency and capital allocation led to opex and capex reductions while supporting customer needs.
In Q2 2019:
- Net debt was reduced by €349M from the previous quarter to €24.7B total, through strong cash generation.
- Equity free cash flow trebled year-over-year in the first half of 2019 to €786M.
- EBITDA declined 2.6% year-over-year due to a 4.4% drop in the Domestic segment, but grew 6.3% in Brazil.
- Mobile revenues declined 8.7% year-over-year due to lower handset sales, while fixed service revenues grew 2.2% excluding Sparkle.
- TIM reported results for Q3 2020, showing improving trends in Italy and growth resuming in Brazil. Key performance indicators in Italy are stabilizing as the "Fix the fixed" strategy delivers results in halting customer line losses.
- Organic cash generation remained strong in Q3, with Equity Free Cash Flow increasing 22% year-over-year. Net debt was reduced by €0.4 billion compared to the previous quarter through organic improvement.
- Guidance for 2020-2022 is reiterated, with expectations for low to mid-single digit organic growth in service revenues and EBITDA, and a cumulative €4.5-5 billion in Equity Free Cash Flow over the period.
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
Telecom Italia 1Q 2013 Results - Franco Bernabè, Piergiorgio PelusoGruppo TIM
Telecom Italia Group reported its 1Q 2013 results. Revenues declined 6.4% year-over-year to €6.8 billion due to decreases in the domestic market. EBITDA declined 3.2% to €2.7 billion and EBITDA-CAPEX declined 8% to €1.8 billion. The domestic market saw revenues decline 10.1% and EBITDA decline 9.8% due to regulatory price pressures and competition. Brazil and Argentina saw revenue growth of 5.4% and 18.3% respectively due to commercial strategies and network investments. The company expects low single-digit EBITDA decline for full year 2013 and adjusted net financial position below €27 billion.
- TIM Group reported results for Q2 2020, highlighting improving KPIs and continued progress on its debt reduction and single network plans.
- Customer satisfaction increased along with strong mobile additions and improved fixed line metrics pointing to better full year performance.
- Organic cash generation continued and net debt decreased significantly during the quarter.
- TIM is co-investing with Fastweb and KKR towards the Italian single network through the carve out of its secondary fiber network assets into FiberCop, allowing it to complete fiber rollout while further reducing debt.
- TIM reported results for Q3 2019, highlighting accelerating execution of its plan to deleverage and enhance value.
- Net debt was reduced by €419M in Q3 and €958M in the first nine months of 2019, driven by strong cash flow generation. Equity free cash flow increased six times year-over-year in the first nine months.
- Strategic initiatives included potential partnerships for fiber roll-out and consumer credit, as well as an alliance with Google Cloud to transform TIM's infrastructure and become a leader in cloud, 5G, and edge computing in Italy.
- 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.
Kenneth R. Meyers, President and CEO of the company, addressed shareholders at the annual meeting. He discussed strategic priorities for 2016, which included adding customers through network investments and competitive plans, growing revenues through increased smartphone penetration and new services, managing costs through subsidy programs, and investing in spectrum and infrastructure to ensure future growth. Meyers thanked associates for their excellence and shareholders for their ongoing support.
- 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.
- 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.
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.
- 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.
- TIM Group reported its 3Q 2018 results, with stable group revenues and clean EBITDA. Group net debt was down more than €1 billion year-over-year.
- In Italy, revenues were stable as improvements in Domestic EBITDA-CAPEX and a positive performance in Brazil offset pressures in the Domestic business. Fiber migration continued with over 2 million FTTx lines.
- TIM Brasil reported steady revenue growth and double-digit EBITDA growth, with ongoing efficiency and strong operational metrics including UBB coverage expansion.
- TIM is well positioned for 5G with spectrum leadership that will enable new services and strengthen its ultra broadband access leadership in Italy.
TIM Group reported its 2Q'18 results on July 25th, 2018. Key highlights included:
- Positive 0.8% year-over-year growth in group service revenues.
- Solid 51.3% year-over-year growth in group operating free cash flow.
- Resilient domestic service revenues despite regulatory impacts.
- Continued strong performance in Brazil with impressive revenue and EBITDA growth.
- Group net debt was reduced by €396 million versus 1Q'18.
liberty global 98D59FD4-AEFE-4E07-94BE-1D6D7EDB882C_Q4_2008_Presentation_FINALfinance43
This document provides a summary of Liberty Global's fiscal 2008 investor call held on February 24, 2009. It discusses Liberty Global's 2008 financial highlights including strong organic growth, opportunistic M&A activity, and a stable balance sheet and liquidity. Key metrics such as operating cash flow growth, margin expansion, and free cash flow growth are reviewed. Liberty Global's 2009 operating outlook targets continued growth in operating cash flow, operating cash flow margin expansion, and at least 25% free cash flow growth. Regional performance and trends in revenue, operating cash flow, and margins are also summarized.
Interim management report at september 2018Gruppo TIM
The document discusses the adoption of new IFRS 9 and IFRS 15 standards. For IFRS 9, it outlines the new classifications and measurements for financial assets based on business models and cash flow characteristics. It also discusses the new expected credit loss model to measure impairment of financial and trade receivables. For IFRS 15, it notes the new revenue recognition criteria are applicable from January 1, 2018 but no significant impact is expected.
This document provides a summary of Nokia's third quarter 2009 financial results conference call. The call covered Nokia's performance in devices and services, Nokia Siemens Networks, operating expenses, taxes, financial position, cash flow, currency impact, and upcoming capital markets day. Key highlights included solid device shipment numbers, ongoing cost reductions, lower than expected taxes, improving NSN margins, and currency headwinds partially offsetting sales growth.
Telecom Italia Group reported its 1Q09 results, focusing on cost control and cash flow generation. Revenues declined 3.8% organically due to challenges in the domestic market from channel restructuring and the economy. However, EBITDA was largely stable as cash costs fell 7.5%. Looking ahead, Telecom Italia will continue restructuring sales channels and controlling costs while implementing new offers to boost revenues in key segments.
This document provides an overview and summary of Liberty Global's 3rd Quarter 2008 Investor Call. It begins with introductory remarks noting the company's stable growth, diverse markets, and strategy remaining intact. The agenda outlines sections on operating updates, financial results, and Q&A. Key highlights include rebased growth rates of 6% for revenue and 13% for OCF year-to-date, record OCF margins in Q3, and growing penetration of advanced services driving ARPU and net adds across various markets. Financial results show continued OCF and free cash flow growth. The balance sheet maintains significant liquidity and leverage metrics trending lower. Limited near-term debt amaturities provide flexibility.
The document provides Q1 2019 results for TIM Group. Key highlights include:
- Service revenues decreased 3.0% YoY but EBITDA decreased only 2.1% as efficiency measures offset slower growth.
- Net debt was reduced by €190M from the previous quarter through improved cash conversion and working capital management.
- In the domestic business, mobile revenues declined due to lower handset sales but consumer ARPU is expected to stabilize in Q2. Fixed service revenues grew 1.8% excluding an international wholesale business.
- Cost optimization measures delivered €35M in savings in Q1, putting the company on track to achieve planned cost reductions.
The presentation provides highlights from TIM Group's 1Q18 results, including:
- Solid organic revenue and EBITDA growth for the Group, accelerating to double-digit EBITDA growth less capex.
- Positive performance across business units except for Sparkle, impacted by lower IRU renewal rates.
- Continued strong performance in Brazil with revenue and profitability growth.
- Focus on cost efficiency and capital allocation led to opex and capex reductions while supporting customer needs.
In Q2 2019:
- Net debt was reduced by €349M from the previous quarter to €24.7B total, through strong cash generation.
- Equity free cash flow trebled year-over-year in the first half of 2019 to €786M.
- EBITDA declined 2.6% year-over-year due to a 4.4% drop in the Domestic segment, but grew 6.3% in Brazil.
- Mobile revenues declined 8.7% year-over-year due to lower handset sales, while fixed service revenues grew 2.2% excluding Sparkle.
- TIM reported results for Q3 2020, showing improving trends in Italy and growth resuming in Brazil. Key performance indicators in Italy are stabilizing as the "Fix the fixed" strategy delivers results in halting customer line losses.
- Organic cash generation remained strong in Q3, with Equity Free Cash Flow increasing 22% year-over-year. Net debt was reduced by €0.4 billion compared to the previous quarter through organic improvement.
- Guidance for 2020-2022 is reiterated, with expectations for low to mid-single digit organic growth in service revenues and EBITDA, and a cumulative €4.5-5 billion in Equity Free Cash Flow over the period.
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
Telecom Italia 1Q 2013 Results - Franco Bernabè, Piergiorgio PelusoGruppo TIM
Telecom Italia Group reported its 1Q 2013 results. Revenues declined 6.4% year-over-year to €6.8 billion due to decreases in the domestic market. EBITDA declined 3.2% to €2.7 billion and EBITDA-CAPEX declined 8% to €1.8 billion. The domestic market saw revenues decline 10.1% and EBITDA decline 9.8% due to regulatory price pressures and competition. Brazil and Argentina saw revenue growth of 5.4% and 18.3% respectively due to commercial strategies and network investments. The company expects low single-digit EBITDA decline for full year 2013 and adjusted net financial position below €27 billion.
- TIM Group reported results for Q2 2020, highlighting improving KPIs and continued progress on its debt reduction and single network plans.
- Customer satisfaction increased along with strong mobile additions and improved fixed line metrics pointing to better full year performance.
- Organic cash generation continued and net debt decreased significantly during the quarter.
- TIM is co-investing with Fastweb and KKR towards the Italian single network through the carve out of its secondary fiber network assets into FiberCop, allowing it to complete fiber rollout while further reducing debt.
- TIM reported results for Q3 2019, highlighting accelerating execution of its plan to deleverage and enhance value.
- Net debt was reduced by €419M in Q3 and €958M in the first nine months of 2019, driven by strong cash flow generation. Equity free cash flow increased six times year-over-year in the first nine months.
- Strategic initiatives included potential partnerships for fiber roll-out and consumer credit, as well as an alliance with Google Cloud to transform TIM's infrastructure and become a leader in cloud, 5G, and edge computing in Italy.
- 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.
Kenneth R. Meyers, President and CEO of the company, addressed shareholders at the annual meeting. He discussed strategic priorities for 2016, which included adding customers through network investments and competitive plans, growing revenues through increased smartphone penetration and new services, managing costs through subsidy programs, and investing in spectrum and infrastructure to ensure future growth. Meyers thanked associates for their excellence and shareholders for their ongoing support.
- 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.
- 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.
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.
- 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 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.
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 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.
First quarter 2015 financial results for TDS and U.S. Cellular:
- Total operating revenues for U.S. Cellular grew 4% year-over-year to $965 million, driven by a 90% increase in equipment sales revenues. Operating cash flow more than doubled to $167 million.
- TDS Telecom saw total operating revenues increase 7% to $280 million due to strong growth at TDS Cable from increased video, broadband, and voice connections. Adjusted EBITDA grew 10% to nearly $80 million.
- For 2015, TDS and U.S. Cellular increased guidance for operating cash flow and Adjusted EBITDA based on first quarter results
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
UGI Corporation reported record results for the first quarter of fiscal year 2017. Adjusted earnings per share increased 42% compared to the prior year period, driven by higher adjusted net income across all four business units. AmeriGas Propane reported a 3.6% increase in retail volumes and $4 million decrease in operating expenses despite warmer weather. UGI International benefited from increased bulk volume due to colder weather. Midstream & Marketing saw higher margins from natural gas and capacity management. Utilities reported a 32.2% increase in core market volumes and margin growth from higher rates. Overall, strong execution and contributions from strategic investments led to the company's best ever first quarter financial performance.
The document provides forward-looking statements regarding Tyson Foods' expected performance and GAAP and adjusted EPS guidance. It cautions readers that actual results may differ materially from anticipated results due to various economic, market, supply, demand, competition, and operating factors. Specific risk factors that could cause results to differ are also outlined. The document also includes an investor presentation discussing Tyson Foods' financial performance in fiscal year 2016, outlook for fiscal year 2017, and strategies for growth.
- 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.
- 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.
- 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
- 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 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 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.
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.
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.
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.
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.
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 document reports on the third quarter 2017 results and provides guidance for full year 2017 results for TDS Telecom and U.S. Cellular.
- It summarizes key metrics such as total operating revenues, adjusted OIBDA, capital expenditures, and customer connections.
- It notes that U.S. Cellular and HMS management revised long-range forecasts, triggering goodwill impairment losses totaling $262 million for TDS and $370 million for U.S. Cellular.
TDS Telecom reported third quarter 2017 results with the following highlights:
- Total operating revenues were $285 million, down 1% year-over-year.
- Wireline revenues grew 2% driven by growth in IPTV and residential revenue per connection.
- Cable revenues increased 12% from broadband growth of 10%.
- Hosted and Managed Services revenues declined 18% from lower hardware installation spending.
- Adjusted EBITDA was $80 million, up 14% year-over-year, driven by growth in Wireline and Cable offset by declines in Hosted and Managed Services.
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.
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.
- TDS Telecommunications reported first quarter 2018 results, with highlights including growth in total operating revenues, reductions in cash expenses, and increases in adjusted OIBDA and adjusted EBITDA compared to first quarter 2017.
- At U.S. Cellular, postpaid net additions improved significantly compared to the same period last year, driven by growth in postpaid handset additions. Total operating revenues increased slightly year-over-year.
- TDS Telecom saw 1% growth in total operating revenues due to a 12% increase in cable revenues, offset by a 2% decline in wireline revenues. Adjusted EBITDA declined slightly by 1% compared to first quarter 2017.
This document provides a cautionary statement and discusses pro forma adjustments for Level 3 Communications. It notes that some statements made in the presentation are forward-looking and subject to uncertainties outside the company's control. It identifies key risks that could prevent Level 3 from achieving its goals, including successfully integrating acquisitions, managing risks associated with the global economy, and developing new services. The document also states that comparisons to prior periods are being presented on a pro forma basis, assuming the tw telecom acquisition occurred on January 1, 2014, and that growth rates are year-over-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
Evine earnings investor presentation f16 q1 finalevine2015
- Net sales increased 5% in Q1 2016 compared to Q1 2015. Gross profit increased 7% over the same period.
- Adjusted EBITDA was $3.4 million in Q1 2016, down from $9.2 million in FY 2015.
- Net loss was $4.9 million in Q1 2016, compared to a net loss of $12.3 million in FY 2015.
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.
Similar to Q2 2014 quarterly presentation final (20)
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June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
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 wireless
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. Upcoming conferences
9/3/14 – Drexel Hamilton - New York
9/10/14 – Analyst day at CTIA - Las Vegas
9/29/14 – 10/3/14 – European roadshow
3
4. TDS second quarter update
• Return value to shareholders
• Repurchased $17.3 million of TDS shares
• Repurchased $6.3 million of U.S. Cellular shares
• Paid $14.5 million in TDS dividends
• Revolving credit agreement amended to increase leverage covenant
• Manage the enterprise portfolio
• Divesting 4 ILEC markets
• Acquired 2 small “tuck-in” cable companies in Baja Broadband
markets
• Monetize non-core spectrum and towers
4
5.
6. Drive subscriber growth
Positive postpaid net additions in June and July
• Increase gross additions with high-quality network, strong
device portfolio, connected devices, product and pricing
improvements
• Postpaid gross additions* up 15%
• Competitive offerings
• iPhone – 32% of smartphone sales
• Shared Connect Plans – 22% of postpaid customers
• Equipment Installment Plans – growing adoption since
introduction in April
• Reduce churn through stabilization of billing system and
restoring high levels of customer service, device portfolio,
including Apple devices, and attractive plans and pricing
• Postpaid churn* improved to 1.7% from 2.3% in Q1
6* Core markets-definition provided in note at the end of this presentation
7. Drive revenue growth
• Increase smartphone penetration
• Postpaid smartphone penetration* increased from 46% to 55%
• Launch new products and services that utilize and monetize our
data network
• Connected devices are 4.5% of postpaid base
• Shared Connect Plans (shared data)
• Equipment Installment Plans
• Growth in data traffic will drive revenue and ARPU growth
• Postpaid ARPU* increased 4% to $56.82
7* Core markets-definition provided in note at the end of this presentation
8. Customer results*
8
Q2 ‘14 Q2 ’13
Postpaid gross additions 190,000 165,000
Postpaid churn 1.7% 1.6%
Postpaid net (losses) (26,000) (53,000)
Prepaid net additions (losses) (4,000) 8,000
Retail net (losses) (30,000) (45,000)
Total retail customers 4,500,000 4,793,000
* Core markets-definition provided in note at the end of this presentation
12. Total operating revenues*
12
($ in millions) Q2 ‘14 Q2 ‘13
Service revenues $843.5 $867.3
Retail service 746.1 762.5
Roaming 57.6 61.7
Other 39.8 43.1
Equipment revenues 114.3 83.6
Total operating revenues $957.8 $951.0
* Core markets-definition provided in note at the end of this presentation
13. Financial performance*
13
($ in millions) Q2 ‘14 Q2 ‘13
Service revenues $843.5 $867.3
System operations expense 187.1 179.9
Loss on equipment 157.7 132.4
SG&A expenses 404.3 393.5
Total investment and other income 20.5 26.8
Adjusted income before income taxes (1) $122.3 $190.6
(1) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the
non-GAAP reconciliation at the end of the presentation
* Core markets-definition provided in note at the end of this presentation
14. Financial performance - Total company
14
($ in millions) Q2 ‘14 Q2 ‘13
Service revenues $843.5 $911.0
System operations expense 187.1 192.3
Loss on equipment 157.7 132.9
SG&A expenses 404.3 404.1
Total investment and other income 20.5 45.3
Adjusted income before income taxes (1) $122.3 $209.5
(1) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the
non-GAAP reconciliation at the end of the presentation.
15. Financial performance - Total company (cont.)
15
($ in millions, except per share amounts) Q2 ‘14 Q2 ‘13
Net income (loss) attributable to U.S. Cellular shareholders ($18.8) $143.4
Diluted earnings (loss) per share attributable to
U.S. Cellular shareholders
($0.22) $1.69
Cash flows from operating activities $149.3 $225.0
Add: Sprint cost reimbursement 22.9 ---
Less: Cash used for additions to property, plant & equipment 152.9 172.1
Adjusted free cash flow(1) $19.3 $52.8
(1) Adjusted free cash flow is defined as Cash flows from operating activities, as adjusted for cash proceeds from the Sprint Cost Reimbursement (which are included in Cash flows
from investing activities in the Consolidated Statement of Cash Flows), less Cash used for additions to property, plant and equipment. Adjusted 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 (including cash proceeds from the Sprint Cost Reimbursement), after Cash used for additions to property, plant and equipment. The prior manner of calculating free
cash flow has been adjusted to include the Sprint Cost Reimbursement. The reason for this is that the Sprint decommissioning cash outflows are included in “Cash flows from
operating activities,” but the reimbursements from Sprint related to these outflows are not included in this caption.
16. Accounting for Equipment
Installment Plans
12 month installment plan
• Selling price recognized as Equipment Revenue on Day 1
24 month installment plan – with no upgrade option
• Selling price recognized as Equipment Revenue on Day 1
• Less imputed interest
24 month installment plan – with option to upgrade after 12 months
• 12 months of installment payments recognized as Equipment
Revenue on Day 1
• Plus estimated trade-in value of device (currently 20% of
cost)
• Less imputed interest
For certain plans, service revenue impacted by discounts to device
monthly connection charge (ranging from $10 - $30 per device)
Bad Debts allowance established using historical experience
Lower credit customers required to place a deposit
16
Income Statement
Full-year
2014
Service revenue -
Equipment revenue +
AIBIT impact +
Interest income +
Net income +
Balance Sheet (in
millions) 6/30/14
Accounts receivable,
net
$43.7
Short-term installment
plan receivables, net
23.9
Long-term installment
plan receivables, net
19.8
Deferred revenue
liability (total)
16.0
Cash impact
Full-year
2014
Income before income
taxes
+
Accounts receivable -
Deferred revenue liability +
Cash impact -
17. 2014 guidance
17
(as of 8/1/14) Total Company
Total operating revenues $3,900 - $4,000 M
Adjusted income before income taxes (1) $350 - $450 M
Capital expenditures $640 M
(1) Adjusted income before income taxes is a non-GAAP financial measure that is defined in
the non-GAAP reconciliation at the end of the presentation.
18.
19. Second quarter update
19
• Wireline
• Fiber/IPTV results encouraging
• Cost reductions drive 14% increase in adjusted income
before income taxes
• Divesting four ILECs
• Cable
• Improve customer penetration in Baja Broadband markets
• Tuck-in acquisitions – Lovington and Socorro, New Mexico
• Acquisition of BendBroadband on track to close in Q3 2014
• Hosted and Managed Services
• Drive growth in hosting revenues of 7%
20. TDS Telecom operating performance
($ in millions) Q2 ‘14 Q2 ‘13 Change
Wireline $180.7 $182.2 (1%)
Cable 22.5 --- N/M
HMS 67.9 41.4 64%
Total operating revenues(1) 270.9 223.5 21%
Expenses(1)(2) 197.4 163.0 21%
Adjusted income before income
taxes(3)
$72.9 $61.6 18%
20
(1) Reflects intercompany eliminations.
(2) Represents cost of products and services and selling, general and administrative expenses.
(3) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the non-GAAP
reconciliation at the end of the presentation.
21. Wireline operating performance
($ in millions) Q2 ’14 Q2 ’13 Change
Residential $ 73.4 $ 72.9 1%
Commercial 57.5 57.1 1%
Wholesale 49.5 51.4 (4%)
Total service revenues 180.3 181.4 (1%)
Expenses(1) 112.5 123.5 (9%)
Adjusted income before income taxes(2) $68.1 $59.9 14%
21
(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.
24. Cable operating performance
24
(as of 6/30/14) Connections
Video 69,700
Broadband 63,200
Voice 17,800
Total cable connections 150,700
(as of 6/30/14)
Industry
Penetration Baja Penetration
Video 41% 30%
Broadband 40% 27%
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.
Q2 ‘14
Total operating revenues $22.5
Expenses(1) 17.7
Adjusted income before income
taxes(2)
$ 4.4
25. Hosted and Managed Services
operating performance
($ in millions) Q2 ’14 Q2 ’13 Change
Service revenues $27.6 $23.2 19%
Equipment revenues 40.4 18.2 N/M
Total operating revenues 67.9 41.4 64%
Expenses(1) 67.6 39.5 71%
Adjusted income before
income taxes(2)
$0.4 $1.8 (77%)
25
(1) Represents cost of products and services and selling, general and administrative expenses.
(2) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the
non-GAAP reconciliation at the end of the presentation.
26. 2014 TDS Telecom guidance(1)
(as of 8/1/14)
($ in millions)
2014 Estimates
(Current)
2014 Estimates
(Previous)
Total operating revenues $1,050 - $1,100 Unchanged
Adjusted income before
income taxes (2)
$260 - $290 $250 - $280
Capital expenditures $200 Unchanged
26
(1) 2014 guidance will be updated for BendBroadband when the acquisition closes. There can be no
assurance that final results will not differ materially from such estimated results.
(2) Adjusted income before income taxes is a non-GAAP financial measure that is defined in the non-
GAAP reconciliation at the end of the presentation.
28. Total operating revenues
28
($ in millions)
Core
Markets*
Divestiture
Markets Consolidated
Service revenues $867.3 $43.7 $911.0
Retail service 762.5 39.9 802.4
Roaming 61.7 3.3 65.0
Other 43.1 0.5 43.6
Equipment revenues 83.6 0.6 84.2
Total operating revenues(1) $951.0 $44.2 $995.1
* Core markets-definition provided in note at the end of this presentation.
(1) Core market total operating revenues for Q2 2013, adjusted to exclude the Divestiture Markets, which
were sold on May 16, 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.
29. Adjusted income before income
taxes reconciliation (actual results)
29
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 (loss) before
income taxes
($30) $27 -- ($7) $20 ($39) $264 $17 -- ($4) $13 $311
Depreciation,
amortization and
accretion expense
(3)
148 42 4 7 53 205 203 43 -- 6 49 254
(Gain) loss on sale of
business and other
exit costs, net
(11) --- -- -- -- 3 (249) -- -- -- -- (303)
(Gain) loss on
investments
-- -- -- -- -- -- (19) -- -- -- -- (15)
Interest expense 14 (1) -- -- (1) 28 10 (1) -- -- -- 24
Adjusted income
before income taxes
(4)
$122 $68 $4 -- $73 $196 $210 $60 -- $2 $62 $271
Three Months Ended 6/30/14
($ in millions)
Three Months Ended 6/30/13
(1) (2) (3) (4) – see notes at the end of this presentation
30. Adjusted income before income taxes
reconciliation*
30
($ in millions)
Core markets
Three months ended 6/30/14
Core markets
Three months ended 6/30/13
Income (loss) before income taxes ($30) $45
Depreciation, amortization and accretion
expense
148 134
(Gain) loss on sale of business and other
exit costs, net
(11) 1
Interest expense 14 10
Adjusted income before income taxes (4) $122 $191
* Core markets-definition provided in note at the end of this presentation.
(4) See notes at the end of this presentation
31. (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 June 30, 2013 includes $50.3 million 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. From time to time, 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 items that are excluded are non-recurring, infrequent or
unusual; such items 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 Q2 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 June 30, 2013. Refer to U.S.
Cellular’s Form 8-K filed on August 2, 2013 for pro forma financial information related to the Divestiture Transaction and the NY1 & NY2 Deconsolidation
for the three months ended June 30, 2013, as if the transaction had occurred at the beginning of the period.
31