CAPITAL MARKETS D A Y DECEMBER, 1 st 2015
INTRODUCTION Michel de Rosen, Chairman and Chief Executive Officer
Ten years of growth REVENUE ( M) EBITDA ( M) 1 476 1,132 750 x2 579 76.7% x2 77.1% FY 2005 FY 2015 FY 2005 FY 2015 SATELLITES AND TRANSPONDERS CHANNELS 38 + 15 5,855 Satellites 23 Transponders 1 478 1,112 x2 1,712 x3 2005 2015 2005 2015 (1) Number of operational physical transponders, spotbeams counted as transponders 3
and value creation STRONG INCREASE IN DIVIDEND PER SHARE SHARE PRICE OUTPERFORMANCE (AS OF 23/11/2015) 1.09 Eutelsat +140% 0.54 x2 CAC40 +5% FY 2006 FY 2015 02/12/2005 02/12/2008 02/12/2011 02/12/2014 Dividend per share doubled FY 2015 dividend represents a yield of 3.9% Current payout ratio range of 65-75% Share price increase of 140% since IPO Outperforming French market TSR of 248% 4
At the forefont of innovation First transmission of a satellite TV signal on a commercial European satellite (EUTELSAT I-F1) Launch on HOT BIRD of Europe s first demonstration HDTV channel in MPEG-2 DVB-S KA-SAT, Europe s first High Throughput Satellite offering broadband internet via satellite Smart LNB pioneering connected TV services by satellite Europe s first demo channel encoded in HEVC at 50 fps with 10-bit colour depth EUTELSAT 115 WEST B, first full-electric commercial satellite EUTELSAT QUANTUM, software-defined satellite revolutionizing telecom markets 1983 2004 2010 2013 2014 2015 5
A truly global group REVENUE PER GEOGRAPHY GLOBAL NETWORK OFFICES 9% 3% Washington Paris, London, Cologne, Madrid, Rome, Turin, Warsaw Moscow 10% 36% 8% 6% Miami Tampa Beijing Dubai 19% 9% Mexico Panama Singapore Western Europe MENA Central Europe RCA Rio de Janeiro SSA Americas Madeira Jobourg APAC Unallocated and others Global footprint with balanced revenue contribution 1,000 employees with >30 nationalities 6
with a worldwide reach EUTELSAT 7 WEST A EUTELSAT 8 WEST B EUTELSAT 113 WEST A EUTELSAT 115 WEST A** EUTELSAT 115 WEST B EUTELSAT 117 WEST A EUTELSAT 12 WEST A EUTELSAT 12 WEST B EUTELSAT 10 A EUTELSAT 3B HOT BIRD 13B, 13C, 13D EUTELSAT 21B EUTELSAT 25B EUTELSAT 28E* EUTELSAT 28F* EUTELSAT 28G* EUTELSAT 48A EUTELSAT 48D EUTELSAT 53A* EUTELSAT AT1* (56 E) EUTELSAT 70B EXPRESS AT2* (140 E) EUTELSAT 5 WEST A EUTELSAT 16A EUTELSAT 16C EUTELSAT 36A EUTELSAT 36B EUTELSAT 172A TELSTAR 12* 15* W EUTELSAT 7A EUTELSAT 7B EUTELSAT 9A KA-SAT EUTELSAT 31A EUTELSAT 33C EUTELSAT 33D EUTELSAT FLEET NOVEMBER 2015 * Stable orbit Inclined orbit Capacity on third-party satellites ** being repositioned 7
A balanced portfolio of businesses Video: 63% Video 63% Direct-to-Home (DTH) Cable headends Professional Video Data Services 16% Mobile backhaul Corporate networks Data: 37% Value-Added Services 7% Broadband Internet Mobility (aircraft, ships) Government Services 14% Government and administration Departments of Defense As of 30 June 2015. % of revenues excluding Other revenues and Non-recurring revenues 8
Positive industry growth prospects REGULAR CAPACITY HTS CAPACITY 1 TRANSPONDER DEMAND BY APPLICATION 2014-19 2 TRAFFIC USAGE ON HTS PAYLOADS BY APPLICATION (Gbps) 6.8% 800 2.9% 2.1% 700-0.7% 600 Video Government services Trunking Corporate networks 500 400 TRANSPONDER DEMAND BY REGION 2014-19 1 300 3.4% Other Asia -1.8% North America 3.7% 4.0% South East Asia & Oceania 5.8% 2.1% 5.3% LATAM SSA MENA Russia & Central Asia 1.4% Central Europe -1.4% Western Europe 200 100 0 2014 2015 2016 2017 2018 2019 Trunking Corporate networks Broadband Others (1) 2014-2019 CAGR (2) 2014-2019 CAGR - EMEA + LATAM Source: Euroconsult 2015 9
Our framework for profitable growth 3 priority growth opportunities VIDEO BROADBAND VIA SATELLITE GEOGRAPHIC FOOTPRINT New platforms in developing markets Higher definition New services to address changing customer usages Acceleration of Investments in HTS Grasping the internet Broadband opportunity Development of Mobility Investments geared towards highest growth markets Latin America Africa Underpinned by innovation to drive growth and efficiency and a solid financial structure 10
Today s agenda: focus on our growth drivers 1 2 3 4 5 6 Video: opportunities and growth drivers Technology: enhancing growth and efficiency Internet broadband: a new source of growth Eutelsat Americas: platform for growth in the Americas Financial Framework: underpinning development Conclusions and Q&A session Michel Azibert, Deputy CEO, Chief Commercial and Development Officer Yohann Leroy, Chief Technical Officer Olivier Anstett, Director of Multi-media and Value-Added Services Leonard Wapler, Chief Financial Officer, Eutelsat Americas Antoine Castarède, Chief Financial Officer Michel de Rosen, Chairman and CEO Rodolphe Belmer, Deputy CEO Management team 11