Input from Finance. Telenor Broadcast Q th of February 2009

Transcription

1 Input from Finance Telenor Broadcast Q th of February

2 8,170 billion NOK in revenues in

3 Broadcast Broadcast Q4 highlights Nordic pay-tv subscribers base relatively stable but continued high activity and high sale of add on products BBC HD launched December 1st Strong quarter from both Conax and Telenor Satellite Broadcasting DTT network in Norway finalised on time and on budget Norkring to enter Flanderen

4 Norkring and VRT partners in new network operator in Belgium The VRT and Norkring to establish a new network operator Norkring has acquired 49 per cent of the new network operator for a consideration of EUR 9.8 million Norkring has an option to increase its holding to 75 per cent. All broadcasting network assets and services will be transferred to the new operator 4

5 Q Broadcast Revenues (NOKm) and EBITDA% 13% revenue growth in Canal Digital related to add-on services and hardware sales % Increased sales and marketing costs and higher logistics costs related to hardware 25 % 24 % 21 % 22 % 18 % 16 % Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 EBITDA and capex (NOKm) Strongest quarter ever in Conax EBITDA CAPEX k net internet subscriber growth in Norway in Q % Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 Organic growth assuming fixed currency, adjusted for acquisitions and disposals. EBITDA and EBITDA margin before other items Organic revenue / EBITDA growth YoY Satellite 5

6 Canal Digital 6

7 Canal Digital Nordic subscriber base relatively stable in a tough environment, but continued strong growth in ARPU Households Monthly ARPU DTH Cable-TV SMATV 1,113,000 (1,131,000) 746,000 (705,000) 1,144,000 NOK 304 (NOK 275) NOK 206 (NOK 179) NOK 46 1,148,000 (1,127,000) 852,000 (878,000) 144,000 (166,000) (1,174,000) (NOK 40) DTT 35,000 NOK 227 (52,000) (NOK 184) BBTV/IPTV 5,000 NOK 211 (4,000) (NOK 165) 898,000 (894,000) *in brackets: Q4 07 Households served per Q408 compared to per Q407 7

8 Canal Digital Strong demand for multiroom and HD from our DTH subscribers 20% 15% 11% 4% Q4 07 Q4 08 Q4 07 Q4 08 DTH - Multiroom penetration DTH - HDTV decoder penetration

9 Canal Digital Strong position and development in Canal Digital Norge DTH subscribers and product penetration Cable subscribers and product penetration % 11% 24% 12% 35% 25% 34% 30% 3% 0% DTH subs. Multiroom HDTV dec. Cable basic Digital TV Internett HDTV dec DTH and Cable basic subscribers in 1000 Q407 Q408

10 Canal Digital More than HDTV decoders from Canal Digital Strong line up of international HDTV channels Animal Planet HD, BBC HD, Canal+ Film HD, Canal+ Sport HD, Discovery HD, Eurosport HD, History Channel HD, National Geographic HD, Silver HD, Voom HD National broadcasters with HDTV channels TVNorge HD, SVT HD, TV4 HD, TV2 Film HD (DK), Kanal 5 HD Nelonen HD, Major events in HD UEFA Euro 2008, Tour de France, Beijing Olympics, FA Premier League 10

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12 Broadcast in 2009 Canal Digital Continued high focus on the Norwegian pay- TV and Internet market Secure DTH position in Sweden Strengthening of the DTH product in Denmark and analogue shut off Even higher focus on customer loyalty Transmission & Encryption Further growth for Conax Launching THOR 6 Norkring to enter Flandern 12

13 Appendix 13

14 Canal Digital Continuous good revenue growth 13 % revenue growth from Q driven by higher sales of additional products for DTH and cable, depreciated NOK and price increase for DTH Revenues (NOKm)/ EBITDA% Q2 08 includes resale of UEFA Euro 2008 content rights EBITDA reduction from Q4 07 due to higher costs related to new sales DTH and cable, CRM and logistics due to higher share of additional products as multiroom, internet and HDTV decoders. 14 % 9 % 8 % 2 % 12 % 7 % Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 EBITDA CAPEX Per Q cable TV subscribers in Norway subscribe to our internet product Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q

15 Transmission & Encryption Strong revenue growth and stable EBITDA margin Revenues (NOKm)/ EBITDA% % revenue growth from Q Revenue growth in Conax from Q4 07 driven by higher card sales in EMEA and India and higher base of rental cards. 58 % 54 % 56 % 55 % 56 % 52 % Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q408 Revenue in Norkring slightly decreased due to lower revenues from analogue TV distribution in Norway. EBITDA CAPEX Norkring to acquire 49% of new network operator in Flandern. Option to increase ownership to 75% Higher revenue in Satellite Broadcasting from Q4 07 driven by increased capacity related to Thor 5, and Thor 2 lease agreement Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q

16 Canal Digital's Pay-TV subscribers (in thousands) Denmark Finland Norway Sweden DTH 177 (198) 54 (57) 539 (522) 343 (353) DTT 0 35 (52) 0 0 SMATV* 684 (662) 49 (54) 121 (159) 267 (278) CATV 35 (32) (431) 235 (242) BBTV (3) Canal Digital's CATV internet subscribers (in thousands) Denmark Norway Sweden