Eutelsat Communications : Présentation des résultats semestriels 2020-21 (PDF en anglais)

HIGHLIGHTS

•H1 performance allowing to absorb negative perimeter effect and to raise the low end of current year revenue objective

•Ongoing resilience against Covid-19 context

•Robust EBITDA margin of 76.7% despite revenue decline and ramp-up of Broadband costs including BBB

•High level of Free Cash-Flow generation already comfortably covering full year dividend

•Award of second EGNOS payload representing total contract value of €100m over 15 years

Substantial progress in Fixed Broadband strategy paving the way for future return to growth

KEY FINANCIAL DATA

First Half 2020-21
Reported	Like-for-like
Total Revenues	€629m	-1.3%	-1.6%1
Operating Verticals Revenues	€613m	-3.6%	-2.1%1
EBITDA margin2	76.7%	-1.1 pts
Cash Capex2	(€117)m	+€72m
Reported Discretionary Free Cash-Flow2	€257m	+€149m
Adjusted Discretionary Free Cash-Flow2	€275m	+€158m
Net Debt / EBITDA2	3.09x	-0.11x

YoY Change

•1 Change at constant currency and perimeter. 2 Alternative performance metrics. Please refer to Appendix 3 to the press release for more details.