Eutelsat Investor Presentation Deck
NET INCOME
Extracts from the
consolidated income
statement in €m
Revenues
Adjusted
EBITDA¹
Operating
income
Financial result
Income tax
Group share
of net income
▸ EUTELSAT
FY
2021-22
1,152
862
425
(65)
(49)
231
FY
2022-23
1,131
825
573
(91)
(67)
315
CHANGE
-1.8%
-4.2%
+35.0%
-40.7%
-36.9%
+36.4%
Lower D&A due to lower in-orbit and on-ground
depreciation. H13F and H13G in service end of period
Other operating income of €203m, compared to income
of €45 million last year, principally $382m payment of
Phase II of C-Band proceeds.
Unfavorable evolution of FX gains and losses as well
as higher interest rates.
Higher tax, at -€67 million versus -€49 million a
year earlier, reflecting notably the 30% tax rate
applied to the above-mentioned C-Band proceeds.
-€87m income from associates (mainly One Web)
Net margin of 28% versus 20% last year
1 Adjusted EBITDA defined as operating income before depreciation, amortization, impairments and other operating income/(expenses)
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