Computeruser.com
Latest News

Eutelsat Communications Reports Strong First Half 2010-2011 Results

    PARIS, February 17, 2011 /PRNewswire-FirstCall/ --      - Robust revenue growth: +13.3% at EUR575.9 million      - Strong profitability: EBITDA[1] up 12.5% to EUR463.0 million,       generating an EBITDA margin of 80.4%      - Significant increase in Group share of net income: EUR174.4 million       (+25.1%)      - Excellent visibility: backlog of EUR4.9 billion (+16.7%)      - Successful launch of KA-SAT, Europe's first High Throughput Satellite       (HTS)      - Fleet expansion programme on track: six new satellites to be launched       between mid 2011 and mid 2013      - Group reiterates financial targets  

February 17, 2011 February 11, 2011

Giuliano Berretta December 31, 2010

     Six months ended December 31                      2009    2010  Change                 Key elements of consolidated income statement     Revenues                                 EURm    508.0   575.9  +13.3%     EBITDA                                   EURm    411.6   463.0  +12.5%     EBITDA margin                              %      81.0    80.4     Group share of net income                EURm    139.5   174.4  +25.1%     Diluted earnings per share                EUR    0.634   0.793  +25.1%              Key elements of consolidated statement of cash flows     Net cash flows from operating activities EURm    316.4   371.0  +17.3%     Capital expenditure                      EURm    226.1   286.8  +26.8%     Operating free cash flows                EURm     90.2   245.8 +172.5%                      Key elements of financial structure     Net debt                                 EURm  2,440.4 2,414.8   -1.0%     Net debt/EBITDA                            X      3.13    2.75                                    Backlog     Backlog                                  EURbn     4.2     4.9  +16.7%  

Michel de Rosen July 2010

STRONG REVENUE GROWTH MAINTAINED

December 31, 2009

    Revenues by business application (in millions of euros)                                                            Change     Six months ended December 31   2009     2010     (in EUR   (in %)                                                     million)     Video Applications             361.4    392.1     +30.7     +8.5%     Data & Value Added Services     96.4    116.9     +20.5    +21.2%                    Data Services    74.2     93.1     +18.8    +25.4%             Value Added Services    22.2     23.8      +1.6     +7.3%     Multi-usage                     44.4     57.3     +12.9    +29.1%     Other revenues                   2.7      6.9      +4.2     Sub-total                      504.9    573.2     +68.3    +13.5%     Non-recurring revenues           3.2      2.7      -0.5     Total                          508.0    575.9     +67.8    +13.3% 

Revenue increased by 13.3% in the first half of FY 2010-2011. Excluding non-recurring revenues, growth was 13.5%. At a constant euro-dollar exchange rate, revenue growth stood at 10.6%.

The Group’s dynamic growth reflects excellent commercial performance, with the rapid uptake of new in-orbit resources leading to a fill factor of 90.4% of the fleet’s capacity, defined as the number of leased transponders divided by the number of operational transponders in stable orbit.

VIDEO APPLICATIONS (69.2% of revenues)

EUR392.1 million

     - New contracts for capacity on the W7 satellite, which entered into       service in January 2010, from customers providing pay-TV services in       Russia and Africa;      - Renewal contracts for premium-priced transponder capacity at Eutelsat's       flagship HOT BIRD(TM) video neighbourhood, serving leading pay-TV       platforms across European markets;      - New contracts on the ATLANTIC BIRD(TM) 4A satellite serving markets in       the Middle East and North Africa;      - New contracts on the EUROBIRD(TM) 9A satellite from pay-TV platforms       and broadcasters from Europe and Western Russia.  

October 28, 2010 Central Europe

December 31, 2010 Middle East North Africa Central Europe Russia

DATA and VALUE-ADDED SERVICES (20.6% of revenues)

EUR116.9 million

EUR93.1 million Europe Africa Central Asia Middle East Africa Middle East Central Asia

December 26, 2010

EUR23.8 million

MULTI-USAGE (10.1% of revenues)

EUR57.3 million North America Europe Central Asia Middle East

Multi-usage activity benefited during the first half from the favourable euro/US dollar exchange rate and, at constant currencies, growth in Multi-usage stood at 18.5%.

OTHER AND NON-RECURRING REVENUES

EUR9.6 million

OPERATIONAL AND LEASED TRANSPONDERS

     As of December 31, 2010, the number of operational transponders on Eutelsat's fleet of 26 satellites stood at 653, a rise of 7.2% compared to December 31, 2009. The number of leased transponders grew in one year from 532 to 590, progressing 10.9% and taking the fleet fill rate from 87.4% to 90.4%.     Fleet evolution                                December 31,     December 31,                                   2009             2010     Operational                    609              653     transponders     Leased transponders            532              590     Fill rate                    87.4%            90.4% 

NB: The KA-SAT satellite (not yet in service) is not included in the above table.

BACKLOG INCREASES LONG TERM VISIBILITY

EUR 4,872 million December 31, 2009

December 31, 2010

    Backlog key indicators:      December 31                                        2008    2009   2010     Value of contracts (in billions of euros)           3.5     4.2    4.9     Weighted average residual life of contracts (in     7.7     8.2    7.9     years)     Share of Video Applications                        92.3%   92.5%  92.3%  

The backlog represents future revenues from capacity lease agreements (including contracts for satellites yet to be delivered). These capacity lease agreements can be for the entire operational life of the satellites.

HIGH profitability levels maintained

EBITDA remained high, delivering a margin of 80.4%

EUR 463.0 million EUR51.4 million

The EBITDA margin of 80.4% remains industry-leading among FSS (Fixed Satellite Services) operators owing to the excellent commercial performance and effective cost control.

EUR112.9 million EUR96.5 million EUR3.2 million

Group share of net income rises sharply

EUR35.0 million to EUR174.4 million

     - An increase of EUR65.8 million in operating profit, thanks to the       strong EBITDA and to a lower level of satellite depreciation;      - An increase in financial expenses, due to the entry into effect in       April 2010 of a hedging contract dating from 2006 on Eutelsat       Communications' debt, partly compensated by;      - Income from associates up EUR3.7 million to EUR11.2 million, reflecting       a further strong performance from Hispasat, the leading satellite       operator for Spanish and Portuguese speaking regions of which Eutelsat       owns 27.69%.  

EUR236.1 million February 16, 2011

    Extract from the consolidated income statement (in millions of euros)[3]      Six months ended December 31                    2009     2010     Change     Revenues                                       508.0    575.9     +13.3%     Operating expenses[4]                          (96.5)  (112.9)    +17.0%     EBITDA                                         411.6    463.0     +12.5%     Depreciation and amortisation[5]              (157.3)  (142.4)     -9.4%     Other operating income (expenses)               (0.4)    (0.9)       N/S     Operating income                               253.9    319.7     +25.9%     Financial result                               (40.6)   (53.5)    +31.8%     Income tax expense                             (74.5)   (94.8)    +27.2%     Income from associates                           7.5     11.2     +49.1%     Portion of net income attributable to           (6.8)    (8.1)    +19.1%     non-controlling interests     Group share of net income                      139.5    174.4     +25.1% 

INCREASE IN NET CASH FLOWS FROM OPERATING ACTIVITIES

EUR371 million

EUR371 million EUR54.6 million

EUR245 million EUR161.6 million

Improved financial position

December 31, 2009 June 30, 2010

    Net debt to EBITDA ratio      As of December 31                            2009        2010      Change                                                                        (EURm)     Net debt at the beginning of the   EURm     2,326.5     2,424.4    +97.9     period     Net debt at the end of the         EURm     2,440.4     2,414.8    -25.6     period     Net debt / EBITDA                   X         3.13x       2.75x 

Net debt includes all bank debt, bonds and all liabilities from long-term lease agreements, less cash and cash equivalents (net of bank overdraft).

December 31, 2010 March 2010 December 31, 2009

The average cost of debt drawn by the Group was 4.41% (after hedging) in the first six months of the 2010-2011 fiscal year.

OUTLOOK

Robust medium-term growth outlook

EUR1.12 billion

Objective of high profitability

June 2013 EUR875 million

Active and targeted investment policy

EUR450 million

Sound financial structure

In order to maintain its sound financial structure the Group continues to target a net debt to EBITDA ratio below 3.5x, which allows it to keep its investment grade credit ratings attributed by Moody’s and Standard & Poor’s.

Attractive shareholder remuneration

Over the fiscal years 2010-2011 to 2012-2013, the Group is committed to share its profits with its shareholders targeting a pay-out ratio in the range of 50% to 75% of Group share of net income.

RECENT EVENTS

EUTELSAT’S KA-SAT SATELLITE SUCCESSFULLY ON STATION AT 9degrees EAST AND UNDERGOING IN-ORBIT TESTS

Following the successful completion of all scheduled manoeuvres since launch, the Group’s KA-SAT satellite is now positioned at its definitive location in geostationary orbit at 9degrees East.

Paris February 20, 2011

EUTELSAT COMMISSIONS NEW SATELLITE

December 3, 2010 October 28, 2010

S&P CREDIT RATING UPGRADE

The credit rating for the Eutelsat Communications Group was raised by Standard & Poors in December to ‘BBB’ on strong operating performance and revised leverage target, S&Ps outlook is "stable".

CORPORATE GOVERNANCE

November 9, 2010 Paris Giuliano Berretta

0.76 euro November 16, 2010

Appointment of Board Members

Francisco Reynes Carole Piwnica Olivier Rozenfeld

Carole Piwnica Olivier Rozenfeld Carlos Espinos-Gomez

Cooptation of Board Members

Thomas Devedjian

Documentation

     Consolidated accounts are available at http://www.eutelsat.com/investors/index.html 

Results conference call for Analysts and Investors

Friday February 18, 2011 3:30pm CET http://www.eutelsat.com

     - 01 70 99 42 82 (from France)     - +44 207 138 0843 (from Europe)     - +1 212 444 08 95 (from USA)  

February 18, 2011 8:00pm Paris February 24, 2011 Paris

     - 01 74 20 28 00 (from France)     - +44 207 111 1244 (from Europe)     - +1 347 366 9565 (from USA)  

Access code: 8363949#.

http://www.eutelsat.com

Financial calendar

The financial calendar below is provided for information purposes only. It is subject to change and will be regularly updated.

     - May 10, 2011: financial report for third quarter ended March       31, 2011      - July 28, 2011: earnings for the full year ended June 30,       2011      - November 3, 2011: financial report for the first quarter       ended September 30, 2011      - November 8, 2011: Annual General Shareholders Meeting  

About Eutelsat Communications

Middle East Africa India Asia 31 December 2010 Europe Middle East Africa France Italy Europe Africa Asia Paris

    http://www.eutelsat.com     Appendix     Quarterly revenues by business application                                         3 months ended     In millions of 12/31/2009 03/31/2010 06/30/2010 09/30/2010 12/31/2010     euros     Video            180.6      189.6      191.0      195.5      196.5     Applications     Data &            48.7       52.0       55.3       58.9       58.0     Value-Added     Services     ............of    37.3       40.9       42.2       47.2       45.9         which Data           Services     ......of which    11.5       11.0       13.1       11.7       12.1        Value-Added           Services     Multi-usage       21.5       25.1       28.6       28.8       28.6     Other revenues     1.0        0.7       (4.0)       2.4        4.5     Sub-total        251.8      267.4      270.9      285.6      287.5     Non-recurring      3.2        0.9         --         --        2.7     revenues     Total            255.0      268.3      270.9      285.6      290.2      Change in net debt (in millions of euros)      Period ending                             Half-year  Full-year  Half-year                                                            ending     ending                                               ending    06/30/2010 12/31/2010                                              12/31/2009     Net cash flows from operating activities    316.4      698.3     371.0     Capital expenditure                        (226.1)    (494.4)   (286.8)     Operating free cash flows                    90.2      203.9     245.8[6]     Interest and other fees paid, net           (43.7)     (75.4)    (37.4)     Acquisition of non-controlling interests     (3.1)      (6.7)     (6.7)     Distributions to shareholders (including   (156.2)    (156.2)   (177.1)     non-controlling interests)     Non-recurring expenses related to              --      (54.1)       --     Eutelsat refinancing     Acquisition of treasury shares                 --         --     (13.0)     Other                                        (1.1)      (9.3)     (2.0)     Decrease (increase) in net debt            (113.9)     (97.8)      9.6  

Eastern Europe Russia Middle East Africa

     Orbital         Markets                  12/31/2008 12/31/2009 12/31/2010     position     7degreesWest    North Africa, Middle East    158        275        367     7degreesEast    Turkey                       199        191        197     16degreesEast   Central Europe, Indian       384        410        455                     Ocean islands     36degreesEast   Russia, Africa               440        454        607     Total                                      1,181      1,330      1,626      Estimated satellite launch schedule      Satellite                Estimated launch        Transponders     W3C                  July - September 2011       53 Ku/3 Ka     ATLANTIC BIRD(TM) 7   September - December          50 Ku                                   2011     W6A                   September - November          40 Ku                                   2012     W5A                 October - December 2012         48 Ku     W3D                   January - March 2013       53 Ku/3 Ka     EUROBIRD(TM) 2A*       April - June 2013         16 Ku/7 Ka 

Note: Satellites generally enter into service one to two months after launch.

* Partnership satellite with ictQATAR, transponders indicated for Eutelsat portion only ———————————

[1] EBITDA is defined as operating income before depreciation and amortisation, impairments and other operating income/(expenses)

Western Europe Eastern Europe Russia Africa Middle East Central Asia

http://www.eutelsat.com

[4] "Operating expenses" is defined as the sum of operating costs plus selling, general & administrative expenses.

EUR22.2 million

EUR161.6 million

SOURCE Eutelsat Communications

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test