QUESTIONS / ANSWERS
:: Eutelsat Communications and the Stock Exchange
:: Eutelsat Communications and its Organisation
:: Eutelsat Communications and its General Assembly
Eutelsat Communications and the Stock Exchange
:: At what price was Eutelsat Communications share offered on the stock exchange?:: Where can I find documents relative to the IPO of Eutelsat Communications?
:: Can I invest Eutelsat Communications stock in a PEA (Share Savings Account)?
:: Will I be charged management fees?
:: Is it possible to convert bearer shares to registered shares?
:: How are Eutelsat shareholders kept informed on the latest news from their company?
:: What dividend will be proposed to the Annual General Meeting of Shareholders which takes place on November 9, 2010?
:: What is the history of dividends paid?
:: What is the capital structure of Eutelsat Communications?
:: What are the growth prospects for Eutelsat Communications?
:: What is the Group's net debt?
:: What is the mid-term level of net debt targeted?
At what price was Eutelsat Communications share offered on the stock exchange?
The first quotation of Eutelsat Communications' shares on Euronext Paris' Eurolist took place on December 2, 2005. The IPO price was 12 euros per share.
Where can I find documents relative to the IPO of Eutelsat Communications?
The reference document approved by the Autorité des Marchés Financiers (AMF) on October 10, 2005 (n° 05-710), and the offering memorandum (visa n° 05-818 as of November 28, 2005) are available on the Group website.
These documents can also be accessed on the website of the Autorité des Marchés Financiers: www.amf-france.org.
The information provided in these documents will enable you to understand the Group's activity, its economic and competitive environment, its growth strategy and the details of the financial operation.
These documents can also be sent on request to:
Eutelsat Communications
Investor Relations
70 rue Balard
75015 PARIS
FRANCE
Tel.: +33 (0) 1 53 98 35 30
E-mail: investors@eutelsat-communications.com
Can I invest Eutelsat Communications stock in a PEA (Share Savings Account)?
Yes. Eutelsat Communications stock can be held in a PEA.
Will I be charged management fees?
Your bank will charge management fees. We recommend you contact your financial intermediary for the exact amount of the relevant fees.
Is it possible to convert bearer shares to registered shares?
Yes, Eutelsat Communications stock can be converted into registered shares on request to your financial intermediary.
Eutelsat Communications registered shares service is managed by:
BNP Paribas Securities Services
GCT Emetteurs
Immeuble Tolbiac
75450 PARIS CEDEX 09
FRANCE
Tel.: 0826 109 119 (0.15 €/m)
Fax: +33 (0) 1 55 77 34 17
How are Eutelsat shareholders kept informed on the latest news from their company?
Eutelsat Communications regularly informs shareholders on news and financial results via the press, the shareholder newsletter and in the Investor Relations section of its website www.eutelsat.com.
The Group also holds regular information meetings for shareholders.
Shareholders can also request information by contacting Group headquarters:
Eutelsat Communications
Investor Relations
70 rue Balard
F-75502 PARIS CEDEX 15
FRANCE
Tel.: +33 (0) 1 53 98 35 30
E-mail: investors@eutelsat-communications.com
What dividend will be proposed to the Annual General Meeting of Shareholders which takes place on November 9, 2010?
The July 29, 2010 Board of Directors decided to submit to the approval of shareholders at the November 9, 2010 AGM the distribution of 0.76 euro per share, compared with 0.66 euro for fiscal year 2008-2009.
This amount which represents an increase of 15% over the previous year and a pay-out ratio of 62%, demonstrating Eutelsat’s willingness to regularly offer its shareholders an attractive remuneration.
What is the history of dividends paid?
For financial year 2005-2006 an amount of 0.54 euro was distributed per share.
For financial year 2006-2007 an amount of 0.58 euro was distributed per share.
For financial year 2007-2008 an amount of 0.60 euro was distributed per share.
For financial year 2008-2009 an amount of 0.66 euro was distributed per share.
What is the capital structure of Eutelsat Communications?
Eutelsat Communications’ capital is distributed as follows:
What are the growth prospects for Eutelsat Communications?
The Group now targets revenues in excess of €1.12 billion for fiscal year 2010-2011 and a 3-year CAGR above 7% for 2010-2011 to 2012-2013. This increase is consistent with the 25% fleet capacity expansion (including KA-SAT) planned over the same period by the investment programme described above.
Given the excellent performance achieved in 2009-2010, the Group is adjusting its profitability objectives: it targets EBITDA margin above 77% for each fiscal year until June 2013 – against the objective announced in July 2009 of around 77% - with EBITDA above €875 million for fiscal year 2010-2011.
What is the Group's net debt?
At June 30, 2010, net debt was €2 424 million (compared with €2 326 million at 30 June 2009.
The net debt(1) to EBITDA ratio improved for the fifth year in a row, from 3.13x a year ago to 2.93x at June 30, 2010, despite increased investments and distribution to shareholders (up 10% at €156.2 million).
(1) Net debt includes all bank debt, bonds and all liabilities from long-term lease agreements, less cash and cash equivalents and marketable securities (net of bank credit balances).
What is the mid-term level of net debt targeted?
The level of debt targeted for the mid-term is a level which can give the company sufficient financial and strategic flexibility: targeted Net debt/EBITDA ratio is below 3.5x.
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Corporate Brochure (PDF, 1 MB)
