1 / 30

Annual Results June 2002 15 August 2002

Annual Results June 2002 15 August 2002. Results Summary . Subscriber Growth. Full Year Subscribers. Pay Television Penetration. Australia 22% France 32% New Zealand 36% United Kingdom 41% Finland 45% Germany 70% United States 81% Switzerland 83% BeNeLux 95%.

weldon
Download Presentation

Annual Results June 2002 15 August 2002

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Annual ResultsJune 200215 August 2002

  2. Results Summary

  3. Subscriber Growth

  4. Full Year Subscribers

  5. Pay Television Penetration • Australia 22% • France 32% • New Zealand 36% • United Kingdom 41% • Finland 45% • Germany 70% • United States 81% • Switzerland 83% • BeNeLux 95%

  6. Moving Annual Net Churn

  7. Moving Annual Gross Churn

  8. Total Revenue CAGR 16%

  9. Average Revenue per Unit (ARPU)

  10. Average Revenue per Unit (ARPU)

  11. Advertising Revenue CAGR 22%

  12. Programming Costsas a percentage of revenue

  13. EBITDA CAGR 16%

  14. Capital Expenditure (excluding Transponders)

  15. Net Profit/(Loss)

  16. Second Half Comparison

  17. 2002 Operating Cash Flow

  18. Free Cash Flow

  19. Impact of Football Kingz

  20. Funding $111m of Capital Notes raised October 2001 @ 9.3%. Election date October 2006 Bank Facility $225m, drawn to $157m. Margin is 50bp Bank Facility repayable March2004

  21. Tax • Tax losses carried forward of $110m • Tax Asset not recognised • Approximately $58m of losses to be offset by INL • INL to repay cash to SKY when tax is due ie $58m x 33% = $19.1m

  22. Foreign Currency Hedging 84% hedged for 2002/03 $US commitments @ .4343 20% hedged for 2003/04 $US commitments@ .4342 88% hedged for 2002/03 $Aud commitments @.8217 17% hedged for 2003/04 $Aud commitments @.8270

  23. Expense Analysis

  24. Capital Expenditure Analysis

  25. Industry Strategic Consolidation • TVNZ on SKY Digital Platform • TelstraClear wholesale distribution agreement • SKY re-sold on TCL network • SKY exclusive procurer of TCL programming • 7 year term • Telecom • Expires March 2003

  26. 2002 Key Messages • Net loss reduced by 29% to $30m • Operating cash flow up 75% to $77m • Negative free cash flow reduced by $60m to $37m • Subscriber numbers up 17% to 503k. • ARPU up 4% to $50.51, DBS ARPU up 2% to $55.46 • Churn down 16% to 11.7% (Net) • Subscriber acquisition costs reduced by 17% to $680

More Related