The Capital Markets Day presentation contains certain “forward looking statements,” including statements concerning plans, future events or performance and underlying assumptions and other statements which are other than statements of historical fact. Those forward looking statements are summarised below.
Forward Looking Statements set forth in the Presentation
Colt has a five year strategic plan with a goal to deliver profitable and sustainable growth to 2016 and beyond.
The plan includes 5 year CAGR targets for the period 2012-2016 as follows:
- Data revenue: mid-to-high single-digit growth
- Voice revenue: low single-digit decline
- Managed Services: double-digit growth
- DCS: double-digit growth
- EBITDA*: growth largely consistent with revenue growth
- Core Capex (excluding DCS): contracting to 14% of related revenues by 2016
*EBITDA is earnings before net finance costs, tax, depreciation, amortisation, foreign exchange and exceptional items
The plan includes incremental investment programmes:
Planned data centre investment for existing sites (including the new data centre in the Netherlands) are targeted for up to €250m, for the period 2012 to 2016 of which €200m is contingent on new customer contracts. It is anticipated that additional sites may also be acquired over the period in response to identified m arket demand and subject to available funding.
€30m to €50m investment is targeted for selective expansion of the network
€70m to €120m investment is targeted on enhancements to the service portfolio
The majority of this investment program will occur over the period from 2012 to 2014.
Investments in network expansion are targeted to achieve an IRR of greater than 20%. The DCS investment programme is targeted to achieve an unlevered IRR in the mid-teens and the investments and enhancements to the service portfolio are designed to drive a combination of long term revenue growth and cost efficiency. Colt will disclose in their presentation a break out of cash flows from the wholesale data centre business (DCS). These cash flows, presented below, have been previously included in the consolidated cash flows of the Colt Group.
| DCS | 2007 | 2008 | 2009 | 2010 | 2011 |
|---|---|---|---|---|---|
| EBITDA | – | 0.8 | 2.4 | 0.0 | 7.5 |
| Installation payments | 4.9 | 19.2 | – | – | |
| Capex | (3.7) | (31.3) | (1.3) | (69.6) | (35.6) |
| (3.7) | (25.6) | 20.3 | (69.6) | (28.1) |
Colt wishes to caution readers that forward looking statements are not guarantees of future performance and certain important factors could in the future affect the Group’s actual results and could cause the Group’s actual results for future periods to differ materially from those expressed in any forward looking statement made by or on behalf of the Group. These include, among others, the following: (i) any adverse change in regulations and technology within the IT services and communications industries, (ii) the Group’s ability to manage its growth, (iii) the nature of the competition that the Group will encounter and wider economic conditions including economic downturns, (iv) unforeseen operational or technical problems and (v) the Group’s ability to raise capital.
FORWARD LOOKING STATEMENTS
This report contains ‘forward looking statements’ including statements concerning plans, future events or performance and underlying assumptions and other statements which are other than statements of historical fact. Colt Group S.A., ‘the Group’, wishes to caution readers that any such forward looking statements are not guarantees of future performance and certain important factors could in the future affect the Group’s actual results and could cause the Group’s actual results for future periods to differ materially from those expressed in any forward looking statement made by or on behalf of the Group. These include, among others, the following: (i) any adverse change in regulations and technology within the IT services and communications industries, (ii) the Group’s ability to manage its growth, (iii) the nature of the competition that the Group will encounter and wider economic conditions including economic downturns, (iv) unforeseen operational or technical problems and (v) the Group’s ability to raise capital. The Group undertakes no obligation to release publicly the results of any revision to these forward looking statements that may be made to reflect errors or circumstances that occur after the date hereof.
Enquiries:
Investor Relations:
Morten Singleton
DDI: +44 (0) 20 7863 5314
Email: [email protected]
Press:
Helen Toft
DDI: +44 (0) 20 7039 2420
Mobile: +44 (0) 7855 301078
Email: [email protected]
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