Altice Europe Financials - IFRS 15
In million Euros Q1-17 Q2-17 Q3-17 Q4-17 FY-17 Q1-18 Q2-18 Q3-18
Revenue
Telecom (SFR) 2.472,2 2.497,5 2.529,1 2.536,7 10.035,6 2.425,3 2.339,3 2.333,0
FOT, Support Services and Eliminations 58,3 66,3 55,9 43,7 224,3 65,9 55,7 52,8
France - Telecom 2.530,5 2.563,9 2.585,1 2.580,4 10.259,9 2.491,2 2.395,0 2.385,8
France - Media 96,8 130,9 97,5 117,3 442,4 107,6 121,3 94,1
Total Altice France 2.627,3 2.694,8 2.682,6 2.697,7 10.702,3 2.598,8 2.516,3 2.479,9
Portugal 542,2 545,8 526,9 526,8 2.141,7 506,7 516,1 525,4
Israel 261,3 265,4 251,6 257,2 1.035,5 241,5 241,2 231,6
Dominican Republic 163,7 160,8 157,4 147,7 629,6 132,7 137,9 139,7
Teads - - 65,8 98,1 163,9 67,7 83,2 84,6
Others ,8 - - - ,8 ,2 ,2 ,2
Total Altice International 968,0 971,9 1.001,7 1.029,9 3.971,5 948,9 978,5 981,7
Total Altice TV 6,0 2,7 7,6 12,0 28,3 20,3 19,7 29,8
Corporate and Other (,3) 6,0 3,9 12,9 22,5 ,3 2,4 1,1
Eliminations (30,2) (22,0) (25,3) (45,9) (123,3) (40,2) (38,2) (52,4)
Total Altice Europe Consolidated 3.570,8 3.653,5 3.670,4 3.706,6 14.601,3 3.528,1 3.478,7 3.440,0
In million Euros Q1-17 Q2-17 Q3-17 Q4-17 FY-17 Q1-18 Q2-18 Q3-18
Adjusted EBITDA
France - Telecom 894,5 1.026,3 1.085,4 1.080,5 4.086,8 903,5 952,0 954,8
France - Media 13,6 25,3 7,2 27,6 73,6 11,0 22,1 7,3
Total Altice France 908,1 1.051,6 1.092,6 1.108,1 4.160,4 914,5 974,0 962,0
Portugal 246,7 242,9 228,8 230,6 949,1 209,3 212,4 219,6
Israel 118,7 118,6 116,5 119,7 473,6 107,1 105,0 100,0
Dominican Republic 95,3 91,1 82,9 79,2 348,6 73,8 74,7 72,7
Teads - - 12,0 27,3 39,4 5,5 10,4 11,1
Others ,2 (,2) (,1) - (,1) (,1) - ,1
Total Altice International 461,0 452,5 440,2 456,9 1.810,6 395,6 402,5 403,5
Total Altice TV (46,1) (57,7) (61,1) (56,9) (221,8) (56,0) (62,3) (55,5)
Corporate and Other (45,1) 9,6 (23,1) (30,6) (89,3) (6,2) (8,4) (14,7)
Eliminations (1,2) (1,6) (6,6) (4,7) (14,1) (,4) (2,8) (5,7)
Total Altice Europe Consolidated 1.276,7 1.454,4 1.442,0 1.472,7 5.645,7 1.247,5 1.303,0 1.289,5
In million Euros Q1-17 Q2-17 Q3-17 Q4-17 FY-17 Q1-18 Q2-18 Q3-18
Accrued Capex
France - Telecom 470,9 632,8 509,0 685,9 2.298,7 536,8 537,6 507,0
France - Media 15,3 16,6 32,5 31,1 95,5 32,0 38,6 25,5
Total Altice France 486,2 649,4 541,5 717,1 2.394,1 568,8 576,2 532,5
Portugal 107,5 99,6 97,8 132,9 437,8 104,7 106,3 92,3
Israel 62,3 57,1 59,7 62,4 241,5 58,1 60,6 51,7
Dominican Republic 23,1 30,4 22,6 38,6 114,6 27,6 29,1 27,2
Teads - - - - - - - -
Others - - - - - - - -
Total Altice International 192,8 187,1 180,1 233,9 793,9 190,4 196,0 171,2
Total Altice TV 2,9 26,1 1,4 16,2 46,6 3,8 1,2 1.016,2
Corporate and Other 3,4 2,9 5,4 3,3 15,1 - - -
Eliminations 1,3 (4,6) (2,2) (5,6) (11,1) (2,3) - (,5)
Total Altice Europe Consolidated 686,6 861,0 726,2 964,8 3.238,6 760,7 773,3 1.719,4
Foreign Exchange Rates - YTD
USD per € 1,0645 1,0832 1,1141 1,1301 1,1301 1,229 1,2106 1,1947
ILS per € 3,9703 3,9607 4,0355 4,0607 4,0607 4,2537 4,2586 4,2474
DOP per € 50,0000 51,0725 52,6316 53,6481 53,6481 60,1939 59,5848 58,9791
Foreign Exchange Rates - Quarterly / Annual
USD per € 1,0645 1,1013 1,175 1,1777 1,1301 1,229 1,1922 1,1628
ILS per € 3,9703 3,9515 4,1859 4,1336 4,0607 4,2537 4,2635 4,2251
DOP per € 50,0000 52,0833 55,8659 56,5931 53,6481 60,1939 58,9757 57,7678
(1)
Financials shown above are pro forma defined as results of Altice Europe N.V. New Perimeter ("Altice Europe") as if the spinoff of Altice USA had occurred on 1/1/17 and excluding
the press titles within the AMG France business ("France - Media" segment) as if the disposal occurred on 1/1/17. Altice USA considered as third-party and not included in group eliminations from 1/1/18.
Segments shown on a pro forma standalone reporting basis, Group figures shown on a pro forma
consolidated basis. Financials include the contribution from Teads from Q3-17 onwards.
In addition, financials for Altice Europe exclude the international wholesale voice business (following closing announced on September 13, 2018) and green.ch AG and Green Datacenter
AG in Switzerland (following closing announced on February 12, 2018).
(2) “Others” segment within Altice International includes our datacentre operations in France (Auberimmo).
(3) “Eliminations” are related to the elimination of intersegment transactions between companies of Altice Europe.
(4) Adjusted EBITDA is defined as operating income before depreciation and amortization, non-recurring items (capital gain, non-recurring litigation, restructuring costs) and other adjustments (equity
based compensation expenses).
(5) Total Altice International subtotals shown before the elimination of intercompany transactions within this segment (these eliminations are aggregated within the "Eliminations" lines).
(6) Accrued Capex includes capitalised content.
(7) Financials shown are pro forma for Portugal and Dominican Republic tower transactions