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/yView entire presentation