Euskaltel S A : OTHER RELEVANT INFORMATION Euskaltel publishes third quarter 2020 results presentation.
10/27/2020 | 12:15pm EST
Euskaltel
Group
Q3
2020
results
October 27th, 2020
| Disclaimer
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The information contained in the Presentation has not been independently verified and some of the information is in summary form. No representation or warranty, express or implied, is made by the Euskaltel Group (including Euskaltel, S.A. and R Cable y Telecable Telecomunicaciones, S.A.U., nor by their directors, officers, employees, representatives or agents as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions expressed herein. None of Euskaltel Group, nor their respective directors, officers, employees, representatives or agents shall have any liability whatsoever (in negligence or otherwise) for any direct or consequential loss, damages, costs or prejudices whatsoever arising from the use of the Presentation or its contents or otherwise arising in connection with the Presentation, save with respect to any liability for fraud, and expressly disclaim any and all liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in connection with the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or misstatements contained in the Presentation.
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2
Q3 2020 results
| Euskaltel delivers another quarter of record customer growth
Operating
KPIs
(Q3 20
vs
Q2 20)
Financials
+29.4k
+20.9k
+1.5m
+1.8%
-2.0%
+1.1%
-3.6%
Virgin telco customers net adds
Virgin telco fixed customers net adds
Addressable households
Revenue
(YoY growth)
EBITDA
(YoY growth)
EBITDA ex Virgin
(YoY growth)
Net debt
(YoY growth)
Strong Virgin telco growth ahead of expectations in Q3
National coverage increase supports Virgin telco's commercial success
Virgin telco success drives strong revenue growth in the quarter
Traditional business EBITDA maintains growth in the quarter
The company continues on a clear deleveraging path
Euskaltel Group Q3 2020 consolidated results and KPIs
21
Q3 2020 results
| Euskaltel Group consolidated - KPIs (i/iii)
Mass market
Annual
Quarterly
KPIs
Unit
2019
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
Homes passed_owned (HFC & FTTH)
#
2,468,822
2,341,655
2,355,173
2,360,891
2,468,822
2,482,870
2,492,121
2,502,348
Accessible homes_wholesale
#
3,310,812
569,092
598,061
2,999,183
3,310,812
11,050,114
16,216,808
17,756,150
Mass market subs 1
#
770,865
767,616
771,646
771,167
770,865
768,891
782,171
801,677
o/w fixed services subs
#
669,317
661,558
666,138
667,022
669,317
669,678
681,002
695,402
o/w mobile only subs
#
101,548
106,058
105,508
104,145
101,548
99,213
101,169
106,275
Total services (RGUs) 2
#
2,848,267
2,773,355
2,831,942
2,833,547
2,848,267
2,849,455
2,889,293
2,915,675
Fixed Voice
#
606,809
610,105
612,549
609,981
606,809
599,972
600,982
588,139
Broadband
#
593,338
579,523
586,080
589,090
593,338
596,292
607,483
626,290
TV
#
484,957
456,119
481,896
479,639
484,957
489,090
496,740
496,572
Post-paid mobile
#
1,163,163
1,127,608
1,151,417
1,154,837
1,163,163
1,164,101
1,184,088
1,204,674
Services (RGUs) per subscriber
#
3.69
3.61
3.67
3.67
3.69
3.71
3.69
3.64
Global ARPU fixed customers (quarterly standalone)
€/month
60.07
59.98
60.00
60.37
60.07
60.04
59.99
59.51
SMEs and Large Accounts
Annual
Quarterly
KPIs
Unit
2019
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
Customers
#
15,763
15,460
15,633
15,708
15,763
15,904
15,993
16,044
Mass market subs = residential subs + SOHO subs + RACC only mobile subs
Mass market services = residential services + SOHO services + RACC only mobile services
Note: The change in 2019 subs and ARPU figures is due to a reclassification of 0.2k subs from mass market to SMEs and a recognizition of not previously reported 0.3k SME subs.
22
Q3 2020 results
| Euskaltel Group consolidated - Consolidated financials (ii/iii)
Profit and Loss Statement
Annual
Quarterly
Unit
2019
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
Total revenue
€m
685.5
171.7
171.1
171.1
171.6
171.8
171.6
174.2
Y-o-y change
%
-0.9%
-2.8%
-0.9%
-0.4%
0.7%
0.1%
0.3%
1.8%
o/w Mass market revenue 1
€m
542.1
134.0
136.0
136.4
135.7
133.6
135.4
138.8
o/w B2B revenue
€m
110.9
30.3
27.0
26.5
27.1
29.7
28.2
27.3
o/w Wholesale and Other revenue
€m
32.5
7.4
8.0
8.3
8.8
8.5
8.0
8.1
Gross margin
€m
510.0
123.6
127.4
126.6
132.3
124.9
127.3
124.7
% of total revenue
%
74.4%
72.0%
74.5%
74.0%
77.1%
72.7%
74.2%
71.6%
Selling, General & Admin. Expenses (SG&A)
€m
(165.4)
(42.5)
(43.0)
(39.9)
(40.1)
(37.2)
(39.8)
(39.7)
o/w marketing and SAC
€m
(18.7)
(5.2)
(5.5)
(3.6)
(4.4)
(3.0)
(6.9)
(7.0)
o/w customer care and sales
€m
(52.5)
(14.2)
(13.1)
(13.0)
(12.2)
(11.2)
(10.9)
(12.6)
o/w personnel
€m
(44.8)
(11.6)
(11.7)
(10.7)
(10.8)
(10.0)
(10.2)
(9.9)
o/w network and IT systems
€m
(37.7)
(9.7)
(9.5)
(9.0)
(9.4)
(9.7)
(9.6)
(10.1)
o/w other indirect costs
€m
(11.8)
(1.8)
(3.2)
(3.6)
(3.2)
(3.4)
(2.2)
(0.2)
Adjusted EBITDA
€m
344.5
81.1
84.4
86.8
92.2
87.7
87.5
85.0
% of total revenue
%
50.3%
47.3%
49.4%
50.7%
53.8%
51.1%
51.0%
48.8%
Y-o-y change
%
2.4%
-3.7%
-0.1%
2.6%
10.4%
8.1%
3.7%
-2.0%
Depreciation and Amortization
€m
(202.7)
(50.2)
(51.0)
(51.1)
(50.4)
(49.9)
(50.4)
(49.3)
Extraordinary items
€m
(21.0)
(2.9)
(7.6)
(5.2)
(5.3)
(2.2)
(2.1)
(3.1)
Net financial expenses
€m
(49.3)
(12.6)
(12.1)
(12.4)
(12.1)
(11.9)
(14.8)
(12.4)
Net profit before taxes
€m
71.5
15.4
13.7
18.0
24.4
23.7
20.2
20.2
Taxes
€m
(9.5)
(3.4)
(2.8)
1.0
(4.3)
(4.6)
(3.8)
(3.6)
NET PROFIT
€m
62.0
11.9
11.0
19.0
20.1
19.1
16.4
16.6
1. Mass market revenue = residential revenue + SOHO revenue + RACC only mobile revenue
Note: 2019 revenue figures impacted by a reclassification due to reporting changes to more accurately reflect the integration of the 3 companies. Change in 2019 gross margin and
SG&A figures is due to an expenses reclassification due to reporting changes to more accurately reflect the integration of the 3 companies.
23
Q3 2020 results
| Euskaltel Group consolidated - Consolidated financials (iii/iii)
Euskaltel SA published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 17:14:06 UTC
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