Global Pay TV & Telecom Players Financial & Operational Analysis. Thursday 12th April, 2018

Transcription

1 Global Pay TV & Telecom Players Financial & Operational Analysis Thursday 12th April, 2018 Presenter: Waseem Haider Senior Analyst Dataxis Language: English

2 Dataxis Global Offices based in Europe, Americas and Africa Research Leader in Market Intelligence of the Pay TV and Telcos in emerging markets, including Latin America Events NexTV Series and Future Ad Series conferences hosted in Miami, Mexico, Sao Paulo, Buenos Aires, Bogota, Berlin and Mauritius Media NexTV News Latin America, Brazil and Africa 2

3 Dataxis Research Dataxis provides its clients with an online intelligence service Offices in Berlin, Buenos Aires & Mauritius Reliable, up to date and in depth key performance indicators, statistics and forecasts Our service includes: Databases on 4play market: TV, Broadband, Wireless & Telephony Data by country and operator including mid and small size operators Free and unlimited online inquiry service Complete operator's profiles 3

4 AGENDA Background Global Overview Group Profiles - Top 3 Players Ranking 4

5 Background Global Players: new module for our online Intelligence service. Planned launch in 2018 Analysis of 100+ Pay-TV/OTT and Telecom players, globally. Financial and operational data, all in one place, with deep analysis on financial stability based on key economic ratios. Financial data: Group revenues, Mobile and Fixed revenues, EBITDA, CAPEX and Net debt. Financial Ratios: EBITDA margin, CAPEX Intensity, Net debt/ebitda rate etc. 5

6 Global revenues growing at 1% CAGR Global revenues at US$ 410bn (Q417), mobile revenues accounting for 44% of the total revenues. *Other revenues mainly wholesale and equipment sales revenues 6

7 AT&T and Verizon are the top 2 groups Top 5 players, accounts for 37% revenues, out of the total global revenues. 7

8 Mobile subscribers accounts for 84% of the total subscribers Global subscribers are growing at a CAGR of 1%, reaching 8bn Fixed+Mobile subscribers, in Q417 8

9 China Mobile Group market leader by subscribers Top 5 global players, accounts for 38%, of the total (fixed+mobile) subscriber base 9

10 AT&T Group AT&T Group Footprint Key Facts 16 countries, 236m subscribers Revenue: US$ 41.7bn Fixed Service Mobile Service Mobile & Fixed Service EBITDA: US$ 11.8bn (28% margin) CAPEX: US$ 4.9bn (12% capex intensity) OpFCF: US$ 6.9bn Net Debt: US$ 113.8bn Net debt/ebitda rate:

11 AT&T: Significant drop in Net debt since Q116 Net debt/ebitda ratio stood at 2.1 times, a considerable improvement since beginning of

12 Verizon Group Verizon Group Footprint Key Facts 141m subscribers Revenue: US$ 34bn Fixed Service Mobile Service Mobile & Fixed Service EBITDA: US$ 11.1bn (32.6% margin) CAPEX: US$ 5.4bn (15.8% capex intensity) OpFCF: US$ 5.7bn Net Debt: US$ 115bn Net debt/ebitda rate:

13 Verizon: Significant increase in Net debt since Q416 Net debt/ebitda ratio at 2.45 in Q417, a bit high since last quarter 13

14 China Mobile Group China Mobile Group Footprint Key Facts 2 Countries, 1062m subscribers Revenue: US$ 26.6bn Fixed Service Mobile Service Mobile & Fixed Service EBITDA: US$ 8.8bn (33.2% margin) CAPEX: US$ 6.9bn (26.2% capex intensity) OpFCF: US$ 1.8bn Net Debt: US$ 820mn Net debt/ebitda rate:

15 Significant increase in Net debt since Q416 Net debt/ebitda ratio remains flat and quite low, as compared to industry average 15

16 Top 20 global players accounts for 78% of the total net debt 16

17 AT&T and Verizon tops the list for higher OpFCF 17

18 Q&A 18

19 Dataxis events Africa - Mauritius - May 2 nd, 3 rd & 4 th 2018 Latin America Miami November 1 st & 2 nd Argentina Buenos Aires May 16 th & 17 th Colombia & Andean Bogota June 7 th Mexico Mexico City September 26 th & 27 th Brazil Sao Paulo November 29 th CEE & DACH Berlin November 29 th & 30 th Mexico Mexico City September 25 th Brazil Sao Paulo November 28 th Africa Johannesburg 2 nd Edition

20 For more information, visit our website Waseem Haider, Follow us 20