Altice Group Financial Overview 9M 2013
Altice Group
9M 2013 Overview
Operations
PF Revenue growth of 2.4% vs. 9M
2012 (0.4% at constant exchange
rate) to €1,102m driven by HOT and
HOT UMTS, partially offset by
Portugal and the decline of IDEN
revenues in Israel
PF EBITDA growth of 14.5% vs. 9M
2012 (12.2% at constant exchange
rate) to €430m thanks to a significant
decline in the Israel cable cost base
and the ongoing cost restructuring
programme in Portugal
Continued 3P conversion across the
footprint; currently 42% 3P
penetration
Launch of "La Box" across the
portfolio leveraging best practices
Integration of OMT and ONI ongoing,
with synergies to come
Strategic Initiatives
OMT and ONI acquisitions closed in
Q3
Smaller bolt on acquisitions signed
MCS and SporTV (Content) and
Mobius (La Reunion) in October
Acquisition of Tricom signed, pending
regulatory approval (November)
New network and site sharing
agreement signed for HOT Mobile
with Partner (November)
< > 940
Liquidity & Capital
All cable assets consolidated into the
Restricted Group in Q2 and Q3 as
planned
PF leverage is in target range 3.0-4.0x
Altice revolver USD80m + €60m
remains undrawn
Coditel minority (40%) buyout will be
funded by drawing remaining TLB
(November)
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