Comcast Results Presentation Deck slide image

Comcast Results Presentation Deck

Cable Communications 1st Quarter 2020 Overview Customer Relationships (M) Revenue Per CR* 6 30.7 1Q19 Adjusted EBITDA $5.7 $62.48 +3.9% 31.9 1Q19 1Q20 +6.1% $6.1 +2% $63.83 1Q20 ($B) $14.3 1Q19 Net Cash Flow $4.0 1Q19 +4.5% $14.9 1Q20 +10.1% $4.5 1Q20 ($B) ($B) All percentages represent year/year growth rates, except Adjusted EBITDA margin and Capital Expenditures as a % of Revenue. *Represents average monthly results per customer relationship. See Notes on Slide 12 Commentary ā— Customer relationships: +3.9% to 31.9M Total customer relationship net adds of 371K, the best first quarter result on record - Added 477K HSI customers (not including 32K free Internet Essentials customers), the best quarterly result in 12 years Added 216K wireless lines, ending the quarter with 2.3M Revenue: +4.5% to $14.9B HSI: +9.3% to $5.OB Business Services: +8.0% to $2.0B Adjusted EBITDA: +6.1% to $6.1B; Adjusted EBITDA per customer relationship +2.2% Non-programming expense +4.5%, +0.6% per customer relationship reflecting COVID-19 response impact - Programming expense +1.7% Adjusted EBITDA margin improvement of 60bps y/y to 40.7% Net Cash Flow: +10.1% to $4.5B Capital Expenditures -6.9% to $1.3B; represents 8.5% of Cable revenue, an improvement of 100bps y/y
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