Investor Presentaiton
UPDATED REVENUE OBJECTIVES
FY 22 REVENUES EXPECTED IN OUR PREDICTED
RANGE ALBEIT IN THE LOWER HALF
MEDIUM-TERM OBJECTIVES MECHANICALLY
ADJUSTED; RETURN TO GROWTH IN FY 24
► H1 revenues broadly in line with expectations, albeit
at the lower end of our guidance range
▸ Two headwinds affecting Full Year
Slower than expected resale of capacity at 7/8° West
Impact of geopolitical situation in MENA on USG Fall and
Spring renewals
FY 22 outturn now expected in the lower half of our
Operating Verticals revenue guidance range of
€1,110m to €1,150m1
► Top end of this range adjusted to €1,130m
▸ Delayed availability of KONNECT VHTS and E10B
has a mechanical impact
► Return to topline growth in FY 23 no longer
achievable
▸ FY 23 revenue trend will materially improve relative
to FY 22
►FY 24 revenues expected to grow on the back of the
availability of incremental resources
EUTELSAT 1 at 1.20 €/$ rate
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