Sky Deutschland DRAFT. Q Results 6 August 2013

Transcription

1 2013 Home Box Office, Inc. All rights reserved. HBO and all related programs are the property of Home Box Office, Inc Visiona Romantica, Inc. All Rights Reserved Lions Gate Films Inc. and Alcon Entertainment, LLC. All rights reserved Columbia Pictures Industries, Inc. All Rights Reserved. Marvel, and the names and distinctive likenesses of Spider-Man and all other Marvel characters: and TM 2012 Marvel Entertainment, LLC & its subsidiaries. All Rights Reserved Danjaq, United Artists, CPII. 007 and related James Bond Trademarks, TM Danjaq. Sky Deutschland Q Results 6 August 2013

2 Increasing operating momentum Total subscribers (in 000) Net growth Gross Additions (in 000) Churn 12 month rolling churn rate Quarterly annualized churn rate 2

3 Outstanding demand for HD and Sky+ HD subscribers Sky+ subscribers Premium HD subscribers at end of period (in '000) Premium HD penetration rate Sky+ subscribers at end of period (in '000) Sky+ penetration rate 3

4 Strong growth of Sky Go and Sky Zweitkarte Sky Go Customer Sessions* (in m) Second Smartcard Subscribers Second smartcard subscribers at end of period (in '000) Second smartcard penetration rate * Service started in April

5 ARPU, revenues and costs ARPU (in, monthly) Q2 Q1 Revenues (in m) Q2 Q1 Costs (in m, excluding depreciation) 5

6 Continued ARPU improvement Total subs: 3,453m ARPU: Total subs: 3,132m ARPU: < > 60 Game of Thrones 2013 Home Box Office, Inc. All rights reserved. HBO and all related programs are the property of Home Box Office, Inc. 6

7 EBITDA (in m) Der Hobbit - Eine unerwartete Reise 2012 Warner Bros. Entertainment Inc. and Metro-Goldwyn-Mayer Pictures Inc. 7

8 Cash Flow Cash flow Q2 2013: -18.0m 30.2m cash from operating activities 43.1m cash used for investing activities 5.1m cash used for financing activities Net debt 303.1m* Liquidity headroom of 300.8m* * As of 30 June 2013 Die fantastische Welt von Oz Disney Enterprises, Inc. All Rights Reserved. 8

9 New season begins 9

10 Great service enhancements All Bundesliga matches as well as Sky Sport News HD are now also available on Sky Go via 3G and 4G Sky Sport News HD datacenter now on the iphone and ipod touch 10

11 Great content enhancements Long-term extension of exclusive agreement with MGM Multi-year extension of English Premier League live and exclusive Multi-year extension of Golf US Open, The Open and the PGA Championship live and exclusive New Sport 1 US HD channel launched exclusively available to satellite customers Skyfall 2012 Danjaq, United Artists, CPII. 007 and related James Bond Trademarks, TM Danjaq. 11

12 Introducing the Sky HD Fan Zone Brand-new HD Sport Multifeed service all games, all goals, all HD Starting 10 August, customers can watch, navigate and keep up to date with multiple matches at the same time all from one screen 12

13 Now available Sky Sport News HD app 13

14 Sky+ / 2TB now available for all cable customers 14

15 New IPTV and mobile distribution 15

16 Awards 16

17 The Amazing Spider-Man 2012 Columbia Pictures Industries, Inc. All Rights Reserved. Marvel, and the names and distinctive likenesses of Spider-Man and all other Marvel characters: TM and 2012 Marvel Entertainment, LLC & its subsidiaries. All Rights Reserved. Entering the next phase Entering the next phase 17

18 2013 Home Box Office, Inc. All rights reserved. HBO and all related programs are the property of Home Box Office, Inc Visiona Romantica, Inc. All Rights Reserved Lions Gate Films Inc. and Alcon Entertainment, LLC. All rights reserved Columbia Pictures Industries, Inc. All Rights Reserved. Marvel, and the names and distinctive likenesses of Spider-Man and all other Marvel characters: and TM 2012 Marvel Entertainment, LLC & its subsidiaries. All Rights Reserved Danjaq, United Artists, CPII. 007 and related James Bond Trademarks, TM Danjaq. Appendix

19 Subscribers and key metrics quarterly '000 Q2 13 Q1 13 Q4 12 Q3 12 Q2 12 Direct subscribers at beginning 3,405 3,363 3,212 3,132 3,085 Gross additions Churn Net growth Direct subscribers at end 3,453 3,405 3,363 3,212 3,132 HD Welt subscribers at end of period 2,477 2,403 2,249 2,055 1,894 Premium HD subscribers at end of period 1,697 1,613 1,514 1,337 1,172 Premium HD penetration rate (in %) Sky+ subscribers at end of period 1,171 1, Sky+ penetration rate (in %) Second smartcard subscribers Second smartcard penetration rate (in %) Subscription ARPU (in, monthly) Churn rate (in %, quarterly annualized) Churn rate (in %, 12 month rolling) Wholesale subscribers at end Due to rounding differences of individual items, sums may not always add up. 19

20 Subscribers and key metrics year-on-year '000 Q2 13 Q2 12 Change (absolute) Change (in %) H12013 H12012 Change (absolute) Direct subscribers at beginning 3,405 3, ,363 3, Gross additions Churn Net growth Direct subscribers at end 3,453 3, ,453 3, HD Welt subscribers at end of period 2,477 1, ,477 1, Premium HD subscribers at end of period 1,697 1, ,697 1, Premium HD penetration rate (in %) Sky+ subscribers at end of period 1, >100 1, >100 Sky+ penetration rate (in %) Second smartcard subscribers Second smartcard penetration rate (in %) Subscription ARPU (in, monthly) Churn rate (in %, quarterly annualized) Churn rate (in %, 12 month rolling) Change (in %) Wholesale subscribers at end Due to rounding differences of individual items, sums may not always add up. 20

21 Revenues and costs in m Q2 13 Q2 12 Change (absolute) Change (in %) H H Change (absolute) Change (in %) Revenues Subscription Hardware Wholesale Advertising Other Total Costs (including depreciation) Program Technology Hardware Customer service and other cost of sales Selling expenses General and administrative expenses Other operating expenses/income Total Depreciation included Costs (excluding depreciation) EBITDA >100 Due to rounding differences of individual items, sums may not always add up. 21

22 Results in m Q2 13 Q2 12 Change (absolute) Change (in %) H H Change (absolute) Change (in %) Revenues Operating expenses EBITDA >100 Depreciation and amortisation Amortisation of subscriber base EBIT > >100 Financial result Result before taxes > Income taxes > >-100 Net income Due to rounding differences of individual items, sums may not always add up. 22

23 Cash flow and net debt in m Q2 13 Q2 12 H H Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash flow in m Cash and cash equivalents Net debt Due to rounding differences of individual items, sums may not always add up. 23

24 Disclaimer This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of Sky Deutschland AG, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Sky Deutschland AG, or media industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements. Sky Deutschland AG disclaims any obligation to update these forward-looking statements to reflect future events or developments. Whilst all reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the opinions and expectations contained herein are fair and reasonable, no representation or warranty, expressed or implied, is made by Sky Deutschland AG with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. It is pointed out that the existing presentation may be incomplete or condensed, and it may not contain all material information concerning Sky Deutschland AG or the Sky Deutschland group. Sky Deutschland AG reserves the right to change and complete the information in this presentation without notice. 24

25 2013 Home Box Office, Inc. All rights reserved. HBO and all related programs are the property of Home Box Office, Inc Visiona Romantica, Inc. All Rights Reserved Lions Gate Films Inc. and Alcon Entertainment, LLC. All rights reserved Columbia Pictures Industries, Inc. All Rights Reserved. Marvel, and the names and distinctive likenesses of Spider-Man and all other Marvel characters: and TM 2012 Marvel Entertainment, LLC & its subsidiaries. All Rights Reserved Danjaq, United Artists, CPII. 007 and related James Bond Trademarks, TM Danjaq. 25