Fourth Quarter Fiscal 2014 - Shaw Communications · Fourth Quarter Fiscal 2014 Investor Conference...
Transcript of Fourth Quarter Fiscal 2014 - Shaw Communications · Fourth Quarter Fiscal 2014 Investor Conference...
1
Forward Looking Information Disclaimer
Statements included in this presentation that
are not historic (including those showing “2015 Free Cash Flow
Guidance") constitute forward-looking statements. Forward-
looking statements are based on assumptions and involve risks
and other factors which may cause actual results to be
materially different from views expressed or implied by such
statements. Accordingly, forward-looking statements are not
guaranteed and undue reliance should not be placed on them.
Material risks and other factors that could cause actual results
to differ materially from the views expressed in forward-looking
statements and material assumptions underlying forward-
looking statements are identified in the Company's
Management’s Discussion and Analysis (“MD&A”) for fiscal
2014 and for Q4 2014 which have been filed with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission.
2
Exceptional
Customer
Experience
Customer surveys indicate a
75% likelihood to recommend
Continue to build awareness
and define Exceptional
Customer Experience
Company wide commitment
Performance based
management / accountability
Leading
Technology
Invest in and leverage our
network advantage to
support emerging
technology trends
WiFi reach +45K hotspots
and +1.25M registered
devices on the network
Launched 13 TVE apps,
Shaw Go Gateway app and
shomi announcement
Announcement of ViaWest
acquisition (growth vehicle;
combined with Shaw
Business)
Customer
Profitability
Disciplined pricing and
promotion strategies –
maintaining RGU base
(6.1M)
+42% Q4/14 margins (~49%
Cable, ~33% Satellite, and
~18% Media)
~35% lower churn in F14 for
Shaw Internet WiFi users
Delivered FCF of $698M
and EBITDA growth of 3%
in F14 (excluding impact of
M&A)
Introduced F15 FCF
guidance of +$650M and
EBITDA growth of 5-7%
(incl. ViaWest)
Diligent cost management
(i.e. FTD) continue to
support strong margins
Operational
Efficiencies
3 3
1 Operating income is before restructuring costs and amortization. Growth in operating income takes into account the net impact of
acquisition and disposition activity during the period. “Operating income before amortization” is defined and discussed under “Key
Performance Drivers” in the MD&A
1
Financial Strength & Flexibility
FCF Generation Supports Return of Capital
1 Operating income is before restructuring costs and amortization. Growth in operating income takes into account the net impact of
acquisition and disposition activity during the period. “Operating income before amortization” is defined and discussed under “Key
Performance Drivers” in the MD&A 2 Pro forma for ViaWest acquisition. Assumes 50% debt treatment for preferred shares. Calculation excludes ViaWest subsidiary
net debt of ~US$370M 3 Consumer and Business “core” capex in F16+
Consumer Media Business
4
Portland
2 facilities
50k sq. ft.
Minneapolis
1 facility
43k sq. ft. Denver
5 facilities
196k sq. ft.
Dallas & Austin
8 facilities
140k sq. ft.
Salt Lake City
7 facilities
101k sq. ft.
Las Vegas
3 facilities
58k sq. ft.
Phoenix
1 facility
42k sq. ft.
1 data centre
1 market
2009 1999 2012 2014 2005
5 data centres
2 markets
16 data centres
5 markets
23 data centres
5 markets
27 data centres
8 markets
ViaWest will allow us to capitalize on growing and less competitive Western U.S. markets while leveraging
management expertise to provide best in class services to Shaw customers in Western Canada
Note: Square footage represents built out square footage.
7
» Broadband is the most important service in the home » Sustainable customer
acquisition and retention initiatives across all RGU’s » Exercising financial
discipline » Sound returns through divestiture of non-core assets » Acquisition of
complementary assets to strengthen our core offerings » Providing exceptional
customer experiences » Accelerating investment to extend our infrastructure
advantage » Expanding our WiFi network across Western Canada » Launching
new value-added services » Additional bandwidth upgrades » Top-rated
programming and content » Focus on family values and the communities we
operate in » Loyalty to customers, employees and shareholders
8
Thank you!
8 Note: For additional questions, please contact [email protected]