TDF Infrastructure 2016 ANNUAL RESULTS www.tdf-infrastructure.com
Disclaimer (1) THIS COMMUNICATION IS ADDRESSED TO ANALYSTS AND TO INSTITUTIONAL OR SPECIALIZED INVESTORS ONLY. NEITHER THIS COMMUNICATION NOR ANY OF THE INFORMATION HEREIN MAY BE DISTRIBUTED, PUBLISHED, REPRODUCED OR DISCLOSED, IN WHOLE OR IN PART, FOR COMMERCIAL GAIN NOR SHALL IT BE MODIFIED OR INCORPORATED IN ANY OTHER WORK, PUBLICATION OR SITE, IN WHOLE OR IN PART, WHETHER IN HARD COPY OR ELECTRONIC FORMAT. By accessing this communication you acknowledge and agree to be bound by the following restrictions. This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of the Company, and may not be used for such purposes in any jurisdiction (including the member states of the European Union and the United States) nor does it constitute investment advice or an investment recommendation in respect of any securities. This communication is not an invitation nor is it intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”). This communication is in any event made only to and directed only at (i) persons outside the United Kingdom; (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”), and must not be acted on or relied upon by persons other than relevant persons. The information in this communication is for general informational purposes only. No reliance may be placed on the information contained in this communication. No representation or warranty, express or implied, is given by or on behalf of the Company, or any of its officers or employees as to the accuracy or completeness of the information contained in this communication. The Company (or jts officers or employees) or any affiliates (or the affiliates’ officers or employees) accept no liability for any loss arising, directly or indirectly, from the use of such information. Nothing contained herein shall form the basis of any commitment whatsoever. March 2017 TDF Infrastructure 2016 Annual Results 1
Disclaimer (2) This communication contains certain statements that are neither reported financial results nor other historical information and other statements concerning the Company. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, events, products and services and future performance. Forward-looking statements are generally identified by the words “will”, "expects", "anticipates", "believes", "intends", "estimates“, “target”, and similar expressions. These and other information and statements contained in this communication constitute forward-looking statements for purposes of applicable securities laws. Although management of the Company believes that the expectations reflected in the forward-looking statements are reasonable, investors and security holders are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by the forward-looking information and statements, and the Company cannot guarantee future results, levels of activity, performance or achievements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this communication include, but are not limited to: trends in wireless communication and mobile commerce markets; the Company's ability to develop new technology and the effects of competing technologies developed; effects of intense competition in the Company's main markets; challenges to or loss of intellectual property rights; ability to establish and maintain strategic relationships in its major businesses; ability to develop and take advantage of new software, platforms and services; profitability of the expansion strategy; effects of acquisitions and investments; ability of the Company to integrate acquired businesses, activities and companies according to expectations; ability of the Company to achieve the expected synergies from acquisitions; and changes in global, political, economic, business, competitive, market and regulatory forces. Additional information that could have an impact on the Company’s financial results is contained in the Prospectuses and available on the Company website (www.tdf-infrastructure.com). Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements. The forward-looking statements contained in this communication speak only as of the date of this communication and the Company or its representatives are under no duty, and do not undertake, to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise except as otherwise required by applicable law or regulations. March 2017 TDF Infrastructure 2016 Annual Results 2
Agenda 1. 2016 Highlights 2. Business Developments 3. 2016 Financials 4. Conclusion 5. Appendices March 2017 TDF Infrastructure 2016 Annual Results 3
Agenda 1. 2016 Highlights 2. Business Developments 3. 2016 Financials 4. Conclusion 5. Appendices March 2017 TDF Infrastructure 2016 Annual Results 4
2016 Highlights Very strong achievements securing future results Telecom: very strong growth • 7% volume organic growth of operators’ PoPs 1 : Free and IOT 2 coverage, 4G, densification, transport corridors, rooftops Broadcast: stabilized DTT 3 platform ahead of other DTT-centric countries • Revenue decrease following the switch to full HD, but spectrum secured for the next decade • Acquisition of ITAS and stabilization of the market FTTH: first success of TDF on Val d’Oise fiber network as part of a Public Initiative Network (“PIN”) scheme Intense commercial activity resulting in a massive backlog (€2 656m, ie 4 years of revenues) Substantial level of investment on the infrastructure: capex at 25% of revenues • Supporting commercial activity: contract-driven capex • 11 781 sites in France, +17% Solid 2016 financials • Revenue - 4%, in line with expectations • Increased EBITDA + 3% • Improved EBITDA margin, over 52% Robust capital structure : Strong credit metrics and conservative financial policy • Maturity profile extended to almost 8 years 1. Point of Presence 2. Internet of Things 3. Digital Terrestrial Television March 2017 TDF Infrastructure 2016 Annual Results 5
Key Activities’ Snapshot as at December 2016 Telecom Infrastructure Broadcast Infrastructure TV Radio Media Services � Site hosting of telecom � Distribution and transmission of digital TV and � Comprehensive coverage of the video equipment for Mobile Network analogue radio signals � Operation and maintenance of networks, including value chain, offering Operators Business Description turnkey integrated remote monitoring of sites video solutions Operational na 5,286 sites 2,245 sites 1,402 sites Infra. Assets 1 Key Customers � Long-term contracts � Long-term contracts � Long-term contracts � Medium-term contracts Contract Length � Average of ~10 years � Average of ~5 years � Average of ~5 years � 1 year Sector Position Leading Position N°1 Independent in France N°1 in France N°1 in France Dec 16 Revenue 2 €275m €187m €109m €50m � No specific pricing regulation � Regulation on access � No specific pricing � No specific pricing prices to TDF sites regulation regulation Regulation � No specific pricing regulation on transmission 1. Incl. Itas sites 2. LTM revenues pro forma of the sale of TDF’s former Hungarian and German businesses and not showing Managed Services (5% of sales) and Other Phased-out activities (5% of sales) including mostly AM Radio and Patents March 2017 TDF Infrastructure 2016 Annual Results 6
Agenda 1. 2016 Highlights 2. Business Developments 3. 2016 Financials 4. Conclusion 5. Appendices March 2017 TDF Infrastructure 2016 Annual Results 7
Growth of the sites portfolio Tower sites Marketable rooftops 7 409 6 615 4 372 +25% +12% 3 486 2015 2016 2015 2016 Includes 425 sites related to Itas • Many commercialization agreements • acquisition signed in 2016 New momentum in Build-to-Suit for • MNOs: +55 new towers built in 2016, +314 land reserves for towers to build in the coming years Total sites 11 781 10 101 +17% 2015 2016 March 2017 TDF Infrastructure 2016 Annual Results 8 8
Recommend
More recommend
