Telenor Broadcast Q2 - 2 0 0 8 July 23rd
Broadcast Content investment to boost HDTV Revenues (NOKm)/ EBITDA% 2 066 1922 1898 1776 1763 1700 • 16% revenue growth • More than doubled HD penetration in DTH subscriber base in 1H 26 % 25 % 22 % 22 % 20 % • Double digit ARPU growth in Cable 16 % driven by Internet access demand Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 • 23% EBITDA margin excl European 1398 football championship costs EBI TDA CAPEX • Strong performance in Norkring 1144 and Conax 462 443 419 386 375 359 327 327 323 281 258 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08
Broadcast Broadcast highlights • Overall subscriber base on Q2 07 level and continuous strong growth in add on services – Cable TV subscribers 734,000; + 37,000 – Cable TV Internet subscriptions 149,000; + 41,000 (+ 38% ) – DTH subscribers 1,121,000; - 5,000 – DTH Multiroom subscriptions 158.000; + 64.000 (+ 68% ) • THOR 5 commences commercial operations – Successful activation and transfer of traffic from Thor II to THOR 5 – THOR II lease concluded • Conax with 2,5 mill cards sold in Q2 (+ 1 mill from Q2 07) Eurosport
CANAL DI GI TAL GROUP
Canal Digital UEFA Euro 2008 affects EBITDA Revenues (NOKm)/ EBITDA% 1633 1497 1477 1442 1431 1396 • 13 % revenue growth from Q2 2007 driven by UEFA Euro 2008, higher sales of additional services on Cable and sale of hardware. • EBITDA reduction due to UEFA Euro 2008, high marketing activity and high new sales DTH. 16 % 14 % • Almost 40.000 HD decoders distributed in Q2 12 % 10 % 9 % 2 % driven by UEFA Euro 2008 and repackaging Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 • Net DTH subscriber base reduced by 3.200 in EBITDA CAPEX Q2 compared to a net reduction of 16.000 in Q2 07 233 • Continuous good sale of Internet and Pay TV 203 for Cable in Norway 170 144 132 126 121 122 – 45% growth in internet subscribers in Norway 115 since Q207 81 68 40 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08
Canal Digital TV-services to more than 3 million households in the Nordic region Monthly Households ARPU DTH 1,121,000 NOK 284 Premium and Local-only subscribers 871,000 155,000 Cable-TV 734,000 NOK 185 (901,000) (158,000) Basic Tier, Premium Pay-TV and Internet 1,141,000 (1,094,000) SMATV 1,164,000 NOK 47 Households in small antenna TV-networks DTT 46,000 NOK 187 Premium Pay-TV Subscribers in Finland BBTV/ I PTV 5,000 NOK 170 Basic Tier, Premium Pay-TV 904,000 (878,000)
and encryption Transm ission
Transm ission & Encryption Strong revenue growth and improved EBITDA margin Revenues (NOKm)/ EBITDA% 563 554 530 • 24 % revenue growth from Q2 2007 455 448 • Conax with 2,5 mill cards sold in Q2 (+ 1 mill 427 from Q2 07) and growth related to EMEA, China 55 % 58 % 56 % and South America 54 % 52 % 53 % • THOR 5 commences commercial operations Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 – Successful activation and transfer of traffic from Thor II to THOR 5 EBITDA CAPEX 1 249 – Contract signed for sale of the Thor II capacity for the remaining orbital life • Higher revenue in Norkring due to both analogue and digital TV transmission. – Rollout of DTT network for all of Norway according to plan 311 308 285 259 240 220 214 192 – Analogue shut off in Norway started 174 167 165 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08
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