Eutelsat Communications SA
PAR:ETL

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Eutelsat Communications SA Logo
Eutelsat Communications SA
PAR:ETL
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Price: 2.12 EUR 2.91% Market Closed
Market Cap: 2.6B EUR

Eutelsat Communications SA
Investor Relations

Eutelsat Communications SA, a cornerstone in the realm of satellite communication, embarked on its journey from the Satellite Applications Project of the European Telecommunications Satellite Organization. Founded in 1977, the company has evolved into a major player in the space industry, providing essential infrastructure that supports television broadcast, broadband connectivity, and data services across the globe. With a fleet of over 35 satellites strategically positioned in geostationary orbit, Eutelsat plays a pivotal role in enabling broadcasters, operators, and government entities to deliver services to remote and underserved areas—places where terrestrial networks falter.

Unlike businesses tied to more tangible assets, Eutelsat capitalizes on its celestial territory. The company derives its revenue primarily from long-term contracts with broadcast companies, telecommunications operators, and internet service providers. These clients rely on Eutelsat's reliable and extensive satellite network to deliver video broadcasting, internet services, and corporate data communications across various geographies. The company leverages its robust satellite positioning and frequency rights to secure and maintain these lucrative agreements, ensuring a steady cash flow. As technological advances reshape communication landscapes, Eutelsat remains at the forefront, continuously innovating to provide connectivity solutions that bridge the digital divide, thereby solidifying its role as an indispensable conduit for global communication.

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Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Jul 28, 2023
AI Summary
Q4 2022

Revenue: Eutelsat reported operating verticals revenue of €1,136 million on a reported basis, within the expected range, despite a 4.8% like-for-like decline.

Profitability: Adjusted EBITDA margin was 73%, described as industry-leading, though slightly down from last year due to a changing revenue mix.

Free Cash Flow: Adjusted discretionary free cash flow reached €518 million, well above the target annual average of €420 million.

Segment Trends: Mobile connectivity delivered strong double-digit growth (+26.8%), while video and government services declined.

CapEx Control: Cash CapEx remained stable at €271 million, with guidance for the next two years not to exceed €400 million per year.

OneWeb Merger: The merger with OneWeb is on track to close by the end of Q3 2023, with positive backlog momentum and no cash flow impact from minor revenue recognition delays.

Outlook: Revenue is expected to return to growth next year, with double-digit growth guided for mobile and fixed connectivity segments.

Key Financials
Revenue
€1,136 million
Adjusted EBITDA
€825 million
Adjusted EBITDA Margin
73%
Discretionary Free Cash Flow
€462 million
Adjusted Discretionary Free Cash Flow
€518 million
Cash CapEx
€271 million
Net Debt
€2,766 million
Net Debt to EBITDA Ratio
3.35x
Backlog
€3.4 billion
Group Net Income
€315 million
Mobile Connectivity Revenue
€110 million
Video Revenue
€705 million
Government Services Revenue
€143 million
Fixed Connectivity Revenue
€178 million
Fill Rate
70.8%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Sunil Bharti Mittal
VP & Co-Chairman of the Board
No Bio Available
Ms. Eva Merete Sofelde Berneke
CEO & Director
No Bio Available
Mr. Christophe Caudrelier
Chief Financial Officer
No Bio Available
Mr. Massimiliano Ladovaz
Chief Operations Officer
No Bio Available
Mr. David Bath
Chief Information Officer
No Bio Available
Ms. Joanna Darlington
Chief Communications & Investor Relations Officer
No Bio Available
Ms. Anne Carron
Chief Human Resources Officer & General Counsel
No Bio Available
Mr. Markus Fritz
Executive Vice President of Commercial Development & Strategic Partnerships
No Bio Available
Mr. Jean-Hubert Lenotte
Chief Strategy & Resources Officer
No Bio Available
Mr. Luis Jimnez Tun
Global Executive Vice President, Data Business Line
No Bio Available

Contacts

Address
NORMANDIE
Moulineaux
32, boulevard Gallieni
Contacts
+33153984747.0
www.eutelsat.com