Intelsat reports first quarter 2012 results
Intelsat S.A. reported revenue of $644.2 million and a net loss of $24.4 million for the three months ended March 31, 2012. The company also reported Intelsat S.A. EBITDAi, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of $481.2 million, and Intelsat S.A. Adjusted EBITDAi of $496.7 million, or 77 percent of revenue, for the three months ended March 31, 2012.
Intelsat CEO Dave McGlade said, “In the first quarter, Intelsat achieved steady financial performance, driven by our customers’ demand for the mission-critical communications infrastructure our network offers. We successfully launchedIntelsat 22 in March, carrying the Australian Defence Force hosted payload and continuing the deployment of beams for our global broadband mobility infrastructure. This continued enhancement of our network positions Intelsat to serve high-demand applications in regions where growth is strongest.
McGlade continued, “With contracted backlog of $10.5 billion providing visibility for future revenue and cash flows, we are focused on our 2012 investment program, which involves the launch of four additional satellites, providing incremental capacity to support future customer growth.”
To read the full version of this release, including detailed financial results, please download a PDF copy.
Conference Call Information
Intelsat management will host a conference call with investors and analysts at 11:00 a.m. EDT on Tuesday, May 8, 2012 to discuss the company’s financial results for the three months ended March 31, 2012. Access to the live conference call will also be available via the Internet at the Intelsat Web site: www.intelsat.com/investors/events. To participate on the live call, North America-based participants should call (866) 510-0711. Participants outside the United States and Canada should call +1 (617) 597-5379. The participant pass code is 31639049. Participants will have access to a replay of the conference call through May 15, 2012. The replay number for North America-based participants is (888)286-8010 and for other participants is +1 (617) 801-6888. The participant pass code for the replay is 13877633.
Intelsat is the leading provider of satellite services worldwide. For over 45 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.
Intelsat Safe Harbor Statement
Some of the statements in this news release constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. The forward-looking statements made in this release reflect Intelsat’s intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of Intelsat’s control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Some of the factors that could cause actual results to differ from historical results or those anticipated or predicted by these forward-looking statements include: risks associated with operating our in-orbit satellites; satellite launch failures, satellite launch and construction delays and in-orbit failures or reduced performance; potential changes in the number of companies offering commercial satellite launch services and the number of commercial satellite launch opportunities available in any given time period that could impact our ability to timely schedule future launches and the prices we pay for such launches; our ability to obtain new satellite insurance policies with financially viable insurance carriers on commercially reasonable terms or at all, as well as the ability of our insurance carriers to fulfill their obligations; possible future losses on satellites that are not adequately covered by insurance; U.S. and other government regulation; changes in our contracted backlog or expected contracted backlog for future services; pricing pressure and overcapacity in the markets in which we compete; inadequate access to capital markets; the competitive environment in which we operate; customer defaults on their obligations to us; our international operations and other uncertainties associated with doing business internationally; and litigation. Known risks include, among others, the risks included in Intelsat’s annual report on Form 10-K for the year ended December 31, 2011 and its other filings with the U.S. Securities and Exchange Commission, the political, economic and legal conditions in the markets we are targeting for communications services or in which we operate and other risks and uncertainties inherent in the telecommunications business in general and the satellite communications business in particular. Because actual results could differ materially from Intelsat’s intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.