Updated Revenue Objectives and Growth Capacity
TRENDS IN OUR HERITAGE BUSINESSES
BROADCAST
TV
► Underlying trend in the last few years
has been a low-single digit decline
→ Resilient channel line-up
HD growth, improved compression
→ Europe / EM facing different trends
►FY 22 to decline more than average
→ Carry-forward effect of Covid-
related slowdown in new business
→ Temporary headwind related to the
partial renewal of Nilesat
Improving trends thereafter with return
to low single digit decline
DATA &
PROFESSIONAL VIDEO
► Global demand increase driven
by rising connectivity needs
Ongoing decline of GEO business
albeit at a modest pace
→ Improved volume trends in Fixed
Data largely offsetting price
pressure
→ Professional Video in structural
decline
►FY 22 decline broadly consistent
with H1 trend (mid-single digit)
►NGSO to capture much of future
growth in the long-term
GOVERNMENT
SERVICES
► Bandwidth-hungry usages, increasing
defence budgets and remote
connectivity needs to drive demand
growth
►FY 22 revenues to reflect low USG
renewals due to the geopolitical
context in MENA
GEO to benefit from ETL Quantum
upcoming flexible capacity and hosted
payload opportunities on the medium-
term
►NGSO to further broaden the market in
the long-term
EUTELSAT
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