Eutelsat Results Presentation Deck
ADJUSTED DISCRETIONARY FREE CASH-FLOW
In €m
Change as per
financial objectives
735
Net Cash-Flow from OW take-or-pay (1)
operations
Reported
change
▸ EUTELSAT
94
(66)
(271)
Cash Capex
9
(2)
(95)
Interest and Other fees
paid net of interests
received
(17)
518
56
462
Discretionary Free
Cash-Flow
(3)
One-off costs
related to specific
projects, notably
COMETE and
Eutelsat-One Web
combination
19
1 DFCF excludes payments related to the exclusive commercial partnership with OneWeb.
2 Cash Capex covers the acquisition of satellites and other tangible or intangible assets, payments in respect of export credit facilities or other
bank facilities financing investments as well as payments related to lease liabilities. If applicable it is netted from the amount of insurance proceeds.
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