Quarterly Commentary
|
|
- Evangeline Lucas
- 5 years ago
- Views:
Transcription
1 ( millins) Quarter Ended September 30, Octber, 2016 Third Quarter 2016 Perfrmance Summary In the third quarter f 2016, we cntinued t advance the imprtant perating pririties that will psitin us fr future grwth. We successfully cmpleted the final tw f ur fur planned satellite launches fr 2016, and prgressed ur managed services fferings, bth f which are expected t drive incremental revenue grwth in As we clse 2016, we remain fcused n leveraging ur first t market advantage fr ur Intelsat Epic NG satellite fleet. This includes the rllut f managed services that makes it easier fr custmers t access ur high thrughput platfrm. As we think abut 2017, maintaining ur launch schedule and executing against ur service strategies are pririties that we expect will psitin the cmpany fr a return t grwth. Third quarter 2016 revenue was $543 millin, a 7 percent decline as cmpared t revenue f $581 millin in the third quarter f Net incme attributable t Intelsat S.A. was $196 millin fr the three mnths ended September 30, Adjusted EBITDA 1 f $405 millin, r 75% f revenue, declined 12 percent frm $458 millin, r 79% f revenue, in the third quarter f The reduced Adjusted EBITDA and Adjusted EBITDA margin $700 $600 $500 $400 $300 $200 $100 $0 Third Quarter 2016 Revenue and Adjusted EBITDA reflect lwer revenue, an increase in bad debt, primarily related t a limited number f custmers in Latin America and increased csts related t staff. Headwinds cntinue t dminate ur financial results, including pricing pressure, reflecting versupply cnditins f wide-beam capacity fr certain regins and applicatins, pint-t-pint telecmmunicatins infrastructure services mving t fiber alternatives and limited new U.S. gvernment pprtunities. Incremental revenue frm ur 2016 satellite launches is reflected in ur sequential revenue result, a slight imprvement as cmpared t the secnd quarter f $581 3Q15 $458 $543 3Q16 $405 Revenue AEBITDA
2 Cntracted backlg at September 30, 2016 was $8.9 billin, representing expected future revenue under existing cntracts with custmers, as cmpared t $9.2 billin at June 30, At ver 4.0 times trailing 12 mnths revenue (frm Octber 1, 2015 t September 30, 2016), ur backlg remains sizable and we believe it prvides a slid fundatin fr predictable cash flw and investment in ur business Operatinal Pririties: Expanding Service Offerings t Drive Differentiatin and Accelerate Adptin f High Thrughput Satellite Services We are pursuing five peratinal pririties as we psitin fr grwth. Our strategy is centered n cntinuing t prvide infrastructure t ur current sectrs, such as media, netwrk services and gvernment, but with an emphasis n services and innvative technlgies that we believe will psitin us t cmpete fr apprximately $3.3 billin in incremental revenue pprtunity thrugh 2021 with sustainable, new applicatins with high traffic vlumes that feature attractive grwth rates. The applicatins cmprising this grwth pprtunity include bradband fr enterprise, wireless infrastructure, Internet f Things, cmmercial aernautical and maritime mbility and gvernment. At the same time, we will cntinue t supprt the needs f ur media custmers with current and incremental capacity fr direct t hme (DTH) and ther distributin applicatins. Prgress n Our 2016 Operatinal Pririties: Maintain ur design, manufacturing and launch schedule fr the next generatin Intelsat Epic NG high thrughput satellite ( HTS ) fleet and ther satellites in ur plan t ensure availability f new, differentiated inventry t drive revenue grwth; Intelsat 36 and Intelsat 33e successfully launched n August 24, Intelsat 36 entered int service in late September Intelsat 36 includes a Ku-band paylad used by MultiChice fr the expansin f high definitin (HD) services in Sub-Saharan Africa and a C-band paylad that prvides in-rbit resilience fr Intelsat s media neighbrhds serving the Africa and Indian Ocean regins. Fllwing cmpletin f an extended rbit-raising missin (detailed in Fleet and Operatins Update, belw), Intelsat 33e, the secnd f ur Intelsat Epic NG satellites, is nw expected t enter int service in the first quarter f At that pint, the Intelsat Epic NG high perfrmance ftprint will span frm the Americas, the Caribbean and the Nrth Atlantic t the Middle East, Eurpe, Africa and the Asia-Pacific regins, including key maritime and aernautical rutes imprtant t capturing new grwth. As we reprted in September 2016, custmers using Intelsat 29e are experiencing up t a 165% efficiency imprvement when using current netwrking hardware. Ecsystem tests demnstrate up t a 330% efficiency imprvement when using new netwrking hardware. These results are directly translatable int lwer cst per bit perfrmance fr ur custmers. We are demnstrating the prmise f high thrughput technlgy, and the benefits f ur pen architecture and efficiency-fcused design philsphy which will deliver nging imprvement in thrughput t ur custmers as new technlgies are intrduced ver the life f the satellite. The cmpany s Intelsat 32e paylad is scheduled t launch n an Arianespace rcket in the first quarter f Intelsat 35e, scheduled t launch n a SpaceX Falcn 9 launcher, is expected t take place during the secnd quarter f 2017 (see table belw fr ur cmplete launch plan). 2
3 Since July 27, 2016, Intelsat has signed 9 additinal Intelsat Epic NG agreements with custmers, spanning applicatins including mbility, enterprise and fixed and wireless infrastructure. Of the ttal megahertz cntracted since July 27, 2016, the majrity is incremental business. Cntract terms n the entire Intelsat Epic NG fleet cntinue t be favrable, with the average cntract length n grwth services ranging frm five t six years; this is lnger than that f the average fleet-wide netwrk services cntract. Drive innvatin t create next generatin slutins, including cllabrating with grund technlgy manufacturers and ther partners t ensure ptimized perfrmance, ecnmics and simplified access fr Intelsat Epic NG fr applicatins including bradband infrastructure, mbility, gvernment, media and enterprise slutins; Intelsat emphasizes supprting innvatin n the grund as well as in the sky in rder t develp technlgies that can pen larger and faster grwing applicatins, stimulating demand fr ur satellite slutins. Our antenna develpment prjects cntinue t prgress. Antenna develper, Kymeta Crpratin, is expected t begin prductin f its 70 centimeter electrnically steerable antenna by mid-2017; Intelsat will initially fcus n deplyment f the technlgy fr mbility applicatins. In August 2016, Intelsat partnered with Newtec and Casablanca at the SET Exp in Sã Paul, Brazil, t demnstrate the higher perfrmance and efficiency f Intelsat 29e s Ku-band spt beams, using Newtec s 32APSK higher-rder mdulatin, and the latest satellite transmissin standard, DVB-S2X. The cmbined perfrmance f grund and space technlgies resulted in a crystal clear 4K-UHDTV signal transmissin at 20 Mbps, utilizing nly 6.6 MHz f bandwidth. Develp applicatin-specific capacity and new service fferings that supprt the grwth bjectives f ur custmers acrss ur business in the media, netwrk services and gvernment sectrs, including mbility applicatins, and invest in ur vide neighbrhd rbital lcatins t supprt lng-term grwth gals; In August 2016, PSSI Glbal Services used IntelsatOne Prism t supprt the bradcast f the Canadian Pacific Wmen's Open glf turnament in Calgary, Canada. The managed service prvides guaranteed high-thrughput, tw-way IP cnnectivity fr the transmissin f multiple vide, vice and data files ver a single satellite link, simplifying the jb f news cntributin frm sites with limited r highly-cntended services 3
4 ( millins) Intelsat S.A. Maintain ur leadership in gvernment services, fcusing n prjects that require end-t-end netwrk respnsibilities and cmplex netwrk supprt, thereby imprving ur value prpsitin t gvernment custmers seeking affrdable slutins frm a trusted cmmercial prvider; Intelsat General Crpratin signed an agreement with General Atmics Aernautical Systems Inc. (GA-ASI). The agreement allws GA-ASI t evaluate the advanced technical capability and inherent cst effectiveness f leveraging Intelsat Epic NG satellites fr unmanned aerial systems (UAS) peratins using the Predatr and Predatr B/MQ-9 Reaper systems. Tgether, Intelsat General Crpratin and GA-ASI intend t develp a rad map t mve cntrl and supprt f the UAS frm traditinal wide-beam Ku-band satellites t Intelsat Epic NG spt beam capability. Optimize use f ur spectrum rights and glbal presence t maximize market access and cntinuity, particularly in attractive regins, while maintaining investment discipline; The Intelsat 38 satellite prgram, under which Intelsat is wrking with Azercsms t develp a new satellite fr the 45 E rbital lcatin, cntinues t prgress. The satellite is nw expected t launch in 2018, which in additin t ther capacity at the lcatin, will replace Intelsat 12. Q Business Highlights and Custmer Set Perfrmance All 2016 cmparisns are t 2015 unless nted therwise Netwrk Services Netwrk Services revenue was $222 millin in the third quarter f 2016, a $41 millin, r 16 percent, decrease frm the prir year quarter and a $6 millin, r 3 percent, decline as cmpared t the secnd quarter f The largest factrs cntributing t the decline were lwer renewals, including terminated pint-t-pint trunking services, and pricing pressure n renewals, reflecting the cmpetitive envirnment primarily in the Africa and Eurpe-Africa dwnlink regins. The decline als reflects the end f lifecycle f the channel prduct, as was previusly disclsed. These declines were ffset smewhat by new business n Intelsat 29e. Third Quarter Netwrk Services Highlights and Business Trends: Netwrk Services Quarterly Revenue Intelsat cntinues t build the backlg cmmitments fr ur next generatin Intelsat Epic NG fleet, while als bking new business and renewals n ur wide beam assets. In the third quarter f 2016, we signed agreements supprting netwrks in the enterprise, mbility and telecm infrastructure sectrs. In many cases, ur slutins use multiple satellites within the Intelsat Glbalized Netwrk. Netwrk Services backlg was essentially flat when cmpared t the prir year quarter. Cntracts signed in the third quarter include: $300 $250 $200 $150 $100 $50 $0 $263 $245 $228 $228 $222 3Q15 4Q15 1Q16 2Q16 3Q16 Glbal Eagle Entertainment entered int a new and expanded cntract t deliver reliable, high perfrmance bradband cnnectivity acrss five cntinents and three vertical sectrs. The multiyear glbal cnnectivity slutin, which prvides an apprximate 25% cmmitted revenue 4
5 increase frm prir agreements, will utilize C- and Ku-band capacity n eight satellites in Intelsat s current glbal mbility infrastructure as well as tw Intelsat Epic NG satellites, Intelsat 33e and Intelsat 35e. As a result f this agreement, Glbal Eagle Entertainment has nw cntracted satellite slutins n three ut f the seven planned Intelsat Epic NG satellites and 17 Intelsat satellites in ttal. Enterprise netwrks large private data netwrks that use satellite slutins because f gegraphic reach, efficient bradcast transmissins and reliability represent ne f the largest applicatins within ur netwrk services business. Industry surces such as Nrthern Sky Research frecast that enterprise netwrks will becme a $2.9 billin applicatin by 2021, reflecting an expected six-year cmpund annual grwth rate f 4 percent. Enterprise cntracts signed during the third quarter include: Saudi Telecmmunicatin Cmpany (STC), the largest telecm peratr in Saudi Arabia, has further expanded its relatinship with Intelsat and entered int a new cntract fr satellite services n Intelsat The additinal cnnectivity frm Intelsat supprts the private data netwrk STC prvides fr the largest il and gas prducer in Saudi Arabia. Telstra, Australia s leading telecmmunicatins and media cmpany, signed a multi-year renewal fr satellite and managed services acrss seven Intelsat satellites. Leveraging the Intelsat 18, Intelsat 19, Intelsat 901, Intelsat 902, Intelsat 904, Intelsat 906 and Intelsat 33e satellites, Telstra will prvide satellite cnnectivity t supprt Australia s Department f Freign Affairs and Trade (DFAT) netwrk, which supprts peratins acrss a number f embassies, cnsulates and diplmatic ffices fr the Australian gvernment. In additin, Telstra signed a new, multi-year cntract fr a high-pwered Ku-band beam n Intelsat 19 that is ptimized t prvide cmmunicatin services fr enterprise custmers thrughut mainland Australia. Snema, a leading prvider f telecmmunicatins services in Eurpe and Africa, extended its current multi-year agreement with Intelsat fr C-band satellite slutins n Intelsat 14 and transitining services t Intelsat 33e. Snema, based in Mnac, supprts mre than 600 VSAT sites fr banking and insurance peratins acrss Africa, with a prime fcus n rbustness and high quality f service. On a glbal basis, grwth pprtunities fr ur netwrk services business include increased demand fr aernautical mbility, Internet f Things and maritime mbility applicatins, and high thrughput capacity fr fixed and mbile bradband applicatins fr telecmmunicatins prviders and enterprise netwrks. On a cmbined basis, these applicatins are expected t grw frm a $4.5 billin pprtunity in 2015 t a $7.1 billin pprtunity in In additin t Intelsat 29e, which entered int service in the first quarter f 2016, ver the next 12 mnths, we expect t access new inventry frm Intelsat 33e, which is scheduled t enter int service in the first quarter f Media Media revenue was essentially flat at $217 millin in the third quarter f 2016 cmpared t the prir year perid. New revenue frm ur Intelsat 31 satellite was partially ffset by small declines frm nn-renewing services utside f Nrth America, as has been previusly reprted. As cmpared t the secnd quarter f 2016, media revenues increased $6 millin, r 2.7%, benefitting frm new capacity frm Intelsat 31, which entered int service in July
6 ( millins) Intelsat S.A. Third Quarter Media Highlights and Business Trends: Media Quarterly Revenue Business activity was driven primarily by new and renewing cntracts related t Intelsat s media distributin neighbrhds in Nrth $250 $200 $150 $217 $219 $212 $211 $217 America, Africa and Latin America. Overall, $100 apprximately 80 percent f ur media $50 revenues are generated by ur distributin and DTH neighbrhds. Our vide $0 3Q15 4Q15 1Q16 2Q16 3Q16 neighbrhds prvide excellent value and represent differentiated capacity that deliver millins f viewers t cntent wners. The value f ur vide neighbrhds remains slid with strng demand, reflecting ur ability t deliver a maximum audience fr cntent wners. Encmpass Digital Media, a glbal technlgy services cmpany delivering end-t-end vide slutins t bradcast and media cmpanies, increased its cmmitment n Intelsat s Galaxy fleet fr delivery f HD and 4K ultra high definitin (4K UHD) cntent t 64 millin husehlds acrss Nrth America. Under a new, multi-year agreement, Encmpass will leverage Galaxy 13, lcated at 127 W, t hst fur f NASA TV s HD channels, the nly cmmercial 4K cntent in Nrth America, as well as NASA TV s 4K UHD distributin channel. Already hsting apprximately 80 HD channels, Galaxy 13 is nw building up a 4K UHD cmmunity. Discvery Netwrks Internatinal, a divisin f Discvery Cmmunicatins, renewed and expanded its relatinship with Intelsat fr distributin services n Intelsat 20, ne f the Asia- Pacific regin s premium vide neighbrhds. By leveraging Intelsat 20, which has the highest penetratin f cable distributin in the Indian Ocean regin, Discvery will have access t an estimated 90 millin Pay-TV subscribers acrss India, wh will be nw be able t enjy the high quality, infrmative and entertaining cntent that the Discvery Channel has t ffer. Grup Imagen, a leading media cmpany in Mexic, has selected Intelsat t distribute a new natinal bradcast TV netwrk featuring HD prgramming t viewers thrughut Mexic. Under the lng-term agreement, Grup Imagen is utilizing C-band capacity via Intelsat s premier vide neighbrhd, Galaxy 19, t deliver its new, natinal ver-the-air bradcast netwrk. The satellite slutins will be used t supprt Digital Terrestrial Televisin transmissins as well as cntent backhaul services acrss Mexic. The Nine Netwrk, ne f Australia s tp rated cmmercial televisin netwrks, signed a new, multi-year cntract fr satellite and terrestrial services n Intelsat 19, ne f Intelsat s premier vide neighbrhds fr the Asia-Pacific regin. The Nine Netwrk will use Intelsat 19 fr natinal distributin f its prgramming, as well as use Intelsat s Glbalized Netwrk t bring natinal and internatinal news cntent and special events t the Netwrk. Given the high fill rates n ur mst ppular vide neighbrhd satellites, the grwth catalyst fr ur media business is ur 2016 launch prgram featuring the launch f tw DTH satellites fr which the Kuband paylads are fully-cntracted. Intelsat 31 entered int service in late July Intelsat 36 entered int service in September 2016 and is expected t supprt grwth fr ur Suth Africa DTH neighbrhd at 68.5ºE. 6
7 ( millins) Intelsat S.A. Gvernment Sales t gvernment custmers generated revenue f $97 millin in the third quarter f 2016, a $2 millin, r 2 percent, increase as cmpared t the prir year quarter. Revenue was weighted mre heavily t n-netwrk services and represented the same mix f business when cmpared t the third quarter f The current prtin f n-netwrk services as a percentage f ttal gvernment revenue is 59 percent. Third Quarter Gvernment Highlights and Business Trends: Gvernment Quarterly Revenue Stability in this sectr is demnstrated by Intelsat General Crpratin s attractive renewal rates fr the prvisin f cmmercial satellite services t the U.S. gvernment; ur renewal rates fr nnetwrk and ff-netwrk services are extremely high. $150 $100 In the third quarter, we received renewals fr nearly all ptential 2016 gvernment business, with rders 3Q15 4Q15 1Q16 2Q16 3Q16 received fr apprximately 3,150 MHz f capacity, the majrity f which was fr n-netwrk services. $50 $0 $95 $100 $104 $94 $97 In September 2016, we were ntified that we have been granted a cntract mdificatin extending certain services that we prvide fr the CBSP (Cmmercial Bradband Satellite Prgram) beynd the currently cntracted date f Octber 31, We have received a funded rder fr an extensin f certain f these services thrugh December 31, Airbus Defence and Space renewed a lng-term agreement t use ur services t prvide cmmercial satellite cmmunicatin services fr a Eurpean defense netwrk. The renewal includes selected C- and Ku-band transpnders acrss multiple Intelsat satellites. The satellite slutins supprt natinal and internatinal vice and data applicatins and will prvide a cmplementary layer t the custmer s existing military satcm capabilities, ensuring a high perfrming, resilient and secure slutin n land and at sea. RiteNet Crpratin has cntracted with Intelsat General Crpratin t prvide Ku-band satellite capacity t supprt testing by the U.S. Army at Ft. Bliss in El, Pas, Texas, and at the nearby White Sands Missile Range in New Mexic fr their Warfighter Infrmatin Netwrk (WIN-T). This cntract allws the U.S. Army t test new equipment and technlgies that will ne day prvide American warfighters arund the glbe with advanced capabilities. The ne-year cntract has ptins fr fur additinal ne-year extensins. As f the third quarter 2016, ur gvernment business remains stable. We believe that ur business activity in this custmer set reflects the current temp f ur end-custmers peratins. Still, visibility remains limited, as the pace f RFP issuances and subsequent awards remains slw. We see increasing use f lwest price technically acceptable, r LPTA, evaluatin frmats fr awards f new business. Over the mid-term, ur strategy t grw ur gvernment business includes prviding mbility services t the U.S. gvernment fr aernautical and grund mbile requirements, especially as ur next generatin Intelsat Epic NG services are activated. We are als psitining t prvide satellite-related peratins supprt as the gvernment cnsiders cmmercializatin f certain satellite peratins capabilities. 7
8 Fleet and Operatins Update The statin-kept 36 MHz transpnder equivalent unit cunt n ur wide-beam fleet was apprximately 2,125 at the end f the third quarter f Utilizatin was at 77 percent, reflecting a slight increase ver the prir quarter, primarily related t units under cntract fr mbility applicatins. The HTS Intelsat Epic NG unit cunt was unchanged frm the secnd quarter, with 270 units in service. Intelsat currently has three satellites in the design and manufacturing stages that are cvered by ur capital expenditure plan. In additin, we are wrking n three ther satellites, including tw custm paylads being built n third-party satellites and a jint venture satellite. Our Intelsat 36 and Intelsat 33e satellites were successfully launched n August 24, Intelsat 36 entered int service in September In late August 2016, we reprted that Intelsat 33e experienced thruster malfunctin, requiring us t utilize redundant thrusters and thus extending the time needed t arrive at the final rbital lcatin. The Intelsat 33e antennas and reflectrs have been deplyed; there is n evidence f any impact t the cmmunicatins paylad. Intelsat 33e is nw scheduled t enter int service in the first quarter f 2017 as cmpared t its previusly scheduled in-service date f late in the furth quarter f Our satellites and third-party paylads and jint venture prject currently in the design and manufacturing stages are nted belw. Intelsat Epic NG -class satellites are nted with a small e fllwing the satellite number. Satellite Fllws Orbital Lcatin Launch Prvider Intelsat 33e IS E Arianespace Ariane 5 Estimated Launch Date Launched August 24 Estimated In-Service Date 1Q17 Applicatin Bradband Infrastructure Intelsat 35e IS E SpaceX Falcn 9 2Q17 3Q17 Bradband & Media Intelsat 37e TBD TBD Arianespace Ariane 5 4Q Bradband Infrastructure Intelsat 39 IS E Nt Yet Assigned Bradband Infrastructure Epic NG class 10-series Replacement TBD Nt Yet Assigned Bradband & Media 8
9 ( millins) Intelsat S.A. Third Quarter 2016 Financial Perfrmance Quarterly Ttal Revenue and Adjusted EBITDA $750 $500 $250 $581 $571 $553 $542 $543 $458 $453 $418 $411 $405 Revenue AEBITDA $0 3Q15 4Q15 1Q16 2Q16 3Q16 Cash Flws During the third quarter f 2016, net cash prvided by perating activities was $254 millin. Cash paid fr interest in the third quarter was $121 millin. Under existing debt agreements, Intelsat makes significantly greater interest payments in the secnd and furth quarters as cmpared t the first and third quarters f the year. Capital expenditures were $203 millin, and payments fr satellites frm investing activities were $18 millin, resulting in free cash flw frm peratins 1 f $33 millin fr the third quarter f Our ending cash balance at September 30, 2016 was $958 millin. 9
10 Capital Markets and Debt Transactins In the third quarter f 2016, Intelsat cntinued its liability management initiatives, including: The cmpletin f tender ffers in July resulting in the repurchase f apprximately $673.5 millin in aggregate principal amunt f Intelsat Jacksn Hldings S.A. s ( Intelsat Jacksn ) utstanding 6 5/8% Senir Ntes due 2022 ( 2022 Jacksn Ntes ). This created a net gain n early extinguishment f debt f apprximately $219.6 millin in the three mnths ending September 30, In September 2016, Intelsat Jacksn cmpleted a debt exchange receiving $141.4 millin aggregate principal amunt f its 2022 Jacksn Ntes in exchange fr $99.7 millin aggregate principal amunt f newly issued Intelsat Jacksn 8% Senir Secured Ntes due 2024 and $17.0 millin in cash. In cnnectin with this exchange, Intelsat Jacksn als received a cnsent frm hlders f $141.5 millin principal amunt f 2022 Jacksn Ntes in exchange fr $9.2 millin in cash t amend the indenture gverning the 2022 Jacksn Ntes, amng ther things t: (i) eliminate substantially all f the restrictive cvenants and certain events f default pertaining t the 2022 Jacksn Ntes, and (ii) waive any defaults r events f default ptentially existing under the indenture gverning the 2022 Jacksn Ntes as f September 12, We appreciate the cllabrative and cnstructive relatinships built with the investment cmmunity during the curse f these and earlier financial transactins and the alignment f interests as we strive t d what is right fr ur cmpany and we enhance the financial health f ur business. We cntinue t lk fr pprtunities t enhance ur capital structure in furtherance f ur liability management initiatives. 10
11 2016 Outlk Intelsat reaffirmed its revenue and capital expenditures guidance issued n February 22, 2016: We cntinue t expect full year 2016 revenue f $2.14 billin t $2.20 billin. Adjusted EBITDA Guidance: Perfrmance is expected t range frm $1.625 billin t $1.675 billin, reflecting lwer revenue and increased perating csts, as we develp ur service infrastructure. Capital expenditure guidance remains as fllws: Guidance FY 2016 FY 2017 FY 2018 Capital Expenditures $725M - $800M $625M - $700M $425M - $525M Our capital expenditure guidance includes capitalized interest. The annual classificatin f capital expenditure and prepayments culd be affected by the timing f achievement f cntract, satellite manufacturing, launch and ther milestnes. Our net number f transpnder equivalents is expected t increase by a cmpund annual grwth rate, r CAGR, f 10 percent as a result f all f ur satellites entering service between January 1, 2016 and December 31, Cash Taxes: We expect annual cash taxes t be apprximately $30 millin t $35 millin. Stephen Spengler, Chief Executive Officer, Intelsat S.A. Jacques Kerrest, Executive Vice President and Chief Financial Officer, Intelsat S.A. 1 In this quarterly cmmentary dcument, financial measures are presented bth in accrdance with U.S. GAAP and als n a nn- U.S. GAAP basis. EBITDA, Adjusted EBITDA ( AEBITDA ), free cash flw frm peratins and related margins, and adjusted net incme included in this cmmentary are nn-u.s. GAAP financial measures. Please see the cnslidated financial infrmatin fund in ur earnings release and available n ur website fr infrmatin recnciling nn-u.s. GAAP financial measures t cmparable U.S. GAAP financial measures. 11
12 Safe Harbr Statement Sme f the infrmatin and statements in this quarterly cmmentary and certain ral statements made frm time t time by Intelsat s representatives cnstitute "frward-lking statements" that d nt directly r exclusively relate t histrical facts. When used in this quarterly cmmentary, the wrds may, will, might, shuld, expect, plan, anticipate, prject, believe, estimate, predict, intend, ptential, utlk, and cntinue, and the negative f these terms, and ther similar expressins are intended t identify frward-lking statements and infrmatin. Frward-lking statements include: ur expectatin that the launches f ur satellites in the future will psitin us fr grwth; ur plans fr satellite launches in the near t mid-term; ur guidance regarding ur expectatins fr ur revenue perfrmance, including in ur different custmer sets, and Adjusted EBITDA perfrmance in 2016; ur capital expenditure guidance fr 2016 and the next several years; ur expectatins as t the increased number f transpnder equivalents n ur fleet ver the next several years; ur expectatins as t the level f ur cash tax expenses in the future; and ur belief that as we execute n ur initiatives, we will build the inventry and service capabilities t allw us t capture future grwth, including in emerging pprtunities. Frward-lking statements reflect Intelsat's intentins, plans, expectatins, anticipatins, prjectins, estimatins, predictins, utlk, assumptins and beliefs abut future events and are subject t risks, uncertainties and ther factrs, many f which are utside f Intelsat's cntrl. Imprtant factrs that culd cause actual results t differ materially frm the expectatins expressed r implied in the frward-lking statements include knwn and unknwn risks. Sme f the factrs that culd cause actual results t differ frm histrical results r thse anticipated r predicted by these frward-lking statements include: risks assciated with perating ur in-rbit satellites; satellite launch failures, satellite launch and cnstructin delays and in-rbit failures r reduced perfrmance; ptential changes in the number f cmpanies ffering cmmercial satellite launch services and the number f cmmercial satellite launch pprtunities available in any given time perid that culd impact ur ability t timely schedule future launches and the prices we pay fr such launches; ur ability t btain new satellite insurance plicies with financially viable insurance carriers n cmmercially reasnable terms r at all, as well as the ability f ur insurance carriers t fulfill their bligatins; pssible future lsses n satellites that are nt adequately cvered by insurance; U.S. and ther gvernment regulatin; changes in ur cntracted backlg r expected cntracted backlg fr future services; pricing pressure and vercapacity in the markets in which we cmpete; ur ability t access capital markets fr debt r equity; the cmpetitive envirnment in which we perate; custmer defaults n their bligatins t us; ur internatinal peratins and ther uncertainties assciated with ding business internatinally; and litigatin. Knwn risks include, amng thers, the risks described in Intelsat s annual reprt n Frm 20-F fr the years ended December 31, 2015 and its ther filings with the U.S. Securities and Exchange Cmmissin, the plitical, ecnmic and legal cnditins in the markets we are targeting fr cmmunicatins services r in which we perate and ther risks and uncertainties inherent in the telecmmunicatins business in general and the satellite cmmunicatins business in particular. Because actual results culd differ materially frm Intelsat's intentins, plans, expectatins, anticipatins, prjectins, estimatins, predictins, utlk, assumptins and beliefs abut the future, yu are urged t view all frward-lking statements with cautin. Intelsat des nt undertake any bligatin t update r revise any frward-lking statements, whether as a result f new infrmatin, future events r therwise. Cntact Dianne VanBeber Vice President, Investr Relatins and Cmmunicatins dianne.vanbeber@intelsat.cm
Quarterly Commentary
( millins) Quarter Ended June 30, 2016 July 27, 2016 Secnd Quarter 2016 Perfrmance Summary In the secnd quarter f 2016, we cntinued t advance the imprtant perating pririties that will psitin us fr future
More informationQuarterly Commentary. Quarterly Total Revenue and Adjusted AEBITDA
Millins Secnd Quarter 2018 April 1, 2018 - June 30, 2018 July 31, 2018 Secnd Quarter 2018 Perfrmance Summary In the secnd quarter f 2018 we advanced ur perating pririties and cmpleted capital markets transactins
More informationMORE SCREENS, MORE OPTIONS TO VIEW: Q AUSTRALIAN MULTI-SCREEN REPORT
Cntact: Margaret Fearn Jackie Helliker Fearnace Media Nielsen T: + 1 508 369 7189 T: + 61 (0) 403 074 864 E: margaret@fearnacemedia.cm E: jackie.helliker@nielsen.cm MORE SCREENS, MORE OPTIONS TO VIEW:
More informationVIEWING PATTERNS BROADEN IN Q2 2015: AUSTRALIAN MULTI-SCREEN REPORT
VIEWING PATTERNS BROADEN IN Q2 2015: AUSTRALIAN MULTI-SCREEN REPORT Cntact: Margaret Fearn Jackie Helliker Fearnace Media Nielsen T: + 1 508 369 7189 T: + 61 (0) 403 074 864 E: margaret@fearnacemedia.cm
More informationBFI/Doc Society Fund Application Form questions. These are a preview only. Please apply online here
BFI/Dc Sciety Fund Applicatin Frm questins. These are a preview nly. Please apply nline here Dc Sciety is prud t be part f The Dcumentary Cre Applicatin, a cllabrative effrt by grantrs wh regularly fund
More informationMORE SCREENS, MORE CHOICE, MORE DIVERSE VIEWING ACTIVITY: Q AUSTRALIAN VIDEO VIEWING REPORT
Cntact: Margaret Fearn Jackie Helliker Fearnace Media Nielsen T: + 1 508 369 7189 T: + 61 (0) 403 074 864 E: margaret@fearnacemedia.cm E: jackie.helliker@nielsen.cm MORE SCREENS, MORE CHOICE, MORE DIVERSE
More informationCompany Presentation 18/05/2011
Cmpany Presentatin 18/05/2011 Investment Highlights Attractive Bradband and Pay-TV Markets with Strng Grwth Ptential Leading Market Psitins with Critical Mass Experienced Management Team with Impressive
More informationAUSTRALIANS EMBRACE NEW CONTENT AND PLATFORM OPTIONS, BROADCAST TV VIEWING REMAINS STRONG: Q AUSTRALIAN VIDEO VIEWING REPORT
Cntact: Margaret Fearn Jackie Helliker Fearnace Media Nielsen T: + 1 508 369 7189 T: + 61 (0) 403 074 864 E: margaret@fearnacemedia.cm E: jackie.helliker@nielsen.cm AUSTRALIANS EMBRACE NEW CONTENT AND
More informationEXPANDED LINEUP OF 2016 LG TVS, LED BY LG OLED AND LG SUPER UHD, RECOMMENDED BY NETFLIX
EXPANDED LINEUP OF 2016 LG TVS, LED BY LG OLED AND LG SUPER UHD, RECOMMENDED BY NETFLIX LG s 2016 4K TVs featuring webos 3.0 Bast Superir Internet TV Experience ENGLEWOOD CLIFFS, N.J., April 6, 2016 LG
More informationQuarterly Commentary
(millions) Quarterly Commentary October 26, 2017 Third Quarter Ended September 30, 2017 Third Quarter 2017 Performance Summary In the third quarter of 2017, we achieved another milestone essential to our
More informationKey Investment Highlights
Investr Overview Key Investment Highlights One f the largest pure-play televisin bradcasters in the natin Statins lcated in high-grwth markets with diverse netwrk and gegraphic expsure Strng cmpetitive
More informationOptical Alignment Technique To Improve LCD Quality and Price
ELECTRONICS/COMPUTER HARDWARE/COMMUNICATIONS Elsicn (frmerly Alliant Techsystems, Inc., and Hercules) Optical Alignment Technique T Imprve LCD Quality and Price Liquid crystal displays (LCDs) are incrprated
More informationTHE COMMUNITY PERFORMING ARTS CENTRE WHAT IS IT? WHO IS IT FOR? WHY NOW?
THE COMMUNITY PERFORMING ARTS CENTRE WHAT IS IT? WHO IS IT FOR? WHY NOW? The cmpletin f the Cmmunity Perfrming Arts Centre is in the planning stages at the Prt Theatre. The purpse f this lngtime prject
More informationSCHEDULE FOR THE EVENING:
Welcme t the Beginning Band Prgram! Westwd 5th grade band teacher Mrs. Frnek has a special invite just fr yu... If yur 4 th grade student is interested in playing band in 5 th grade next fall please read
More informationStephen Graham Bird Award
Stephen Graham Bird Award The Stephen Graham Bird Award is designed t recgnize and encurage New Brunswick students wh have demnstrated exceptinal talent and ptential, and wh are pursuing a career in the
More informationThe Museum of Tolerance November 13-18, 2010 International Film Festival Los Angeles, California
The Museum f Tlerance Nvember 13-18, 2010 Internatinal Film Festival Ls Angeles, Califrnia Official Entry Deadlines: Early: September 15, 2010 Late: September 20, 2010 Entries must be cmplete and sent
More information#PEAK2019 Sponsorship Opportunities
Premier Spnsrships Premier spnsrships carry additinal prmtinal pprtunities reserved fr spnsrs f these items, including additinal signage, additinal prmtin befre and during the cnference, and additinal
More informationGuidelines for Music 48 (Lessons for Credit)
Guidelines fr Music 48 (Lessns fr Credit) (Revised 14 September 2016) I. MUSIC 48 BASICS Music 48 prvides an pprtunity fr dedicated music students t cntinue their vcal and instrumental studies while at
More informationNYS Common Core ELA & Literacy Curriculum Grade 9 Module 1 Unit 2 Lesson 3
9.1.2 Lessn 3 Intrductin In this lessn, students cntinue t analyze Letter One frm Rilke s Letters t a Yung Pet, pages 9 12 (frm S, dear sir, I can t give yu any advice t I, as a stranger, really am. Yurs
More informationQuarterly Total Revenue and Adjusted AEBITDA
Millions Third Quarter 2018 Performance Summary Third Quarter 2018 July 1, 2018 - September 30, 2018 October 30, 2018 In the third quarter of 2018 we achieved a major milestone: the successful launch of
More informationBFI Film Audience Network New Release Strategy. Evaluation Executive Summary
BFI Film Audience Netwrk New Release Strategy Evaluatin Executive Summary April 2017 Sarah Biling Assciates Cntents Intrductin... 3 The film titles... 3 The findings Sectral research... 6 The findings
More informationMS Arts Audition Boot Camp Online Application Instructions
MS Arts Auditin Bt Camp 4360 Bradway, Rm 524 New Yrk, NY 10033 Phne: (917) 521-3680 E-mail: artscunt@schls.nyc.gv MS Arts Auditin Bt Camp Online Applicatin Instructins Applicatin Deadline: All applicatins
More informationPalace Production Center SONO, Norwalk, Connecticut
Unique Opprtunity Digital Media/Prductin Center fr Sale Palace Prductin Center SONO, Nrwalk, Cnnecticut The mst extensively utfitted Prductin/Digital Media Building between Bstn and New Yrk Asking $2,900,000
More informationWichita State University School of Music Voice Department Handbook
Wichita State University Schl f Music Vice Department Handbk Updated: January 2018 (versin 4.3) INTRODUCTION... 2 VOICE DEPARTMENT FACULTY... 2 COURSE NUMBERS... 2 ABOUT CRN... 4 STUDIO/TEACHER ASSIGNMENT...
More informationGuidelines for Private Music Lessons at Swarthmore College
Revised August 2018 Guidelines fr Private Music Lessns at Swarthmre Cllege I. Wh can take private music lessns? The Music Prgram welcmes Swarthmre students t study music at all levels. Beginners are encuraged
More informationUnderstanding the Decline in Manufacturing Employment
Understanding the Decline in Manufacturing Emplyment Susan Huseman Upjhn Institute fr Emplyment Research Presentatin prepared fr Manufacturing Frum, Ecnmic Plicy Institute, Washingtn, DC, January 12, 2018
More informationDigital. Solution. Heavy Duty Broadcast-Grade Compact & Modular Headend.
Digital. Slutin. Heavy Duty Bradcast-Grade Cmpact & Mdular Headend www.pacificsatellite.cm Migrating t Digital TV Pacific Satellite is cmmitted in bringing the Digital TV Technlgy int yur current business
More informationSubject guide for MSCIS
Subject guide fr MSCIS Reference Bks available in the Library 1. Cmputer technlgy encyclpedia: quick reference fr students and prfessinals The Cmputer Technlgy Encyclpedia is a handy reference fr students
More informationTABLE OF CONTENTS CONTENTS
TABLE OF CONTENTS CONTENTS Objective and Invitatin... 2 Qualificatins... 2 Entry Prcedures... 2 Nminees Annuncement... 3 Awards Presentatin... 3 Spnsrship r Prgram Advertising... 3 Categries... 4 Feature
More informationUser Guide. Table Of Contents. o o o o o o o o
User Guide ServLgic is the wrking hub f yur JbLgic system. Overseeing, cntrlling and mnitring yur jbs, with the ability t add infrmatin and mre. Table Of Cntents Getting Started The Service Desk Lgging
More informationRyan Raider Band - New Members. Answers to Frequently Asked Questions (updated 4/25/17)
Ryan Raider Band - New Members Answers t Frequently Asked Questins (updated 4/25/17) 1. Is high schl band different frm middle schl band? High schl band and middle schl band have differences and similarities.
More informationFestival Registration Guidelines
Festival Registratin Guidelines Festival Registratin Infrmatin 2 mnths prir t the Festival Date Online Registratin will pen n www.majazzed.rg Registratin clses 6 weeks prir t the Festival Date Festival
More informationSMART Room System for Microsoft Lync
SMART Rm System fr Micrsft Lync Fr mdels SRS-LYNC-XS, SRS-LYNC-S, SRS-LYNC-M, SRS-LYNC-M-DUAL and SRS-LYNC-L In this guide: Fr yur recrds 1 Preparing fr yur rm system 2 Befre cnfiguring yur rm system s
More information1722A Global System Clock Streams (aka Media Clock Streams) Principles and Suggestions
1722A Glbal System Clck Streams (aka Media Clck Streams) Principles and Suggestins Rb Silfvast 15-Apr-2013 versin 2 The purpse f Media Clck Streams is t distribute a cmmn timing grid t multiple ndes n
More informationThe Energy Corridor of Houston Orchestra ignites the spirit of music through community performances in the heart of Houston s Energy Corridor
The Energy Crridr f Hustn Orchestra ignites the spirit f music thrugh cmmunity perfrmances in the heart f Hustn s Energy Crridr District! ECHO Musician s Handbk 2018-2019 GENERAL INFORMATION General Inquiries...
More informationPL208 Tort Law [Onsite]
PL208 Trt Law [Onsite] Curse Descriptin: This curse intrduces civil trt liability, negligence, strict liability, and prduct liability, fcusing n the rle f the paralegal in persnal injury litigatin. Prerequisite(s)
More informationHolding a School-wide Mock Caldecott
Mck Caldectt/1 Hlding a Schl-wide Mck Caldectt It is a well-knwn, r pssibly a little-knwn, truth that if yu want students t care passinately abut a subject simply intrduce a splash f cmpetitin. Hlding
More informationStudent Recital Checklist
Student Recital Checklist Pre-Recital Read the Recital Packet n the ECU website. (ECU Schl f Music Current Students Recital Packet) Meet with the staff in the Main Office t find times suitable fr yur recital.
More informationJROTCDL.com CADET 104 How to Write Effectively 1
JROTCDL.cm CADET 104 Hw t Write Effectively 1 JROTCDL.cm CADET 104 Hw t Write Effectively 2 TABLE OF CONTENTS The Writing Prcess and Prewriting Phase... 5 Rugh Draft Writing and Revising Phase... 6 Editing
More informationBasics How to cite in-text and at end-of-paper
Basics Hw t cite in-text and at end-f-paper In-text citatins N date, n page, r n authr? If the assignment allws papers where n date is nted fr a surce, then use the ntatin: (n.d.). If it is nt pssible
More information7 th Grade Advanced English Language Arts An investment in knowledge pays the best interest. ~ Ben Franklin
7 th Grade Advanced English Language Arts An investment in knwledge pays the best interest. ~ Ben Franklin Attached yu will find the assignment detail fr 7 th grade advanced English. Cngratulatins! Yur
More informationDearborn STEM Middle School Music Handbook
Dearbrn STEM Middle Schl Music Handbk 2018-2019 Yur Teacher: Mrs. Nichle Hartrick EMAIL: hartrin@dearbrnschls.rg BLOG: http://iblg.dearbrnschls.rg/dearbrnstemmusic/ CELL PHONE: 734-646-4644 Office Phne:
More informationMeet KVH. TracVision M1 and M3. Leader in mobile satellite TV & communications systems. Satellite TV to go!
TracVisin M1 and M3 s ultra-cmpact series f salli TV annna sms fr smaller bats and budgets! Leader in mbile salli TV & cmmunicatins sms Rely n the industry leader At last yu can put aw the DVDs and bring
More informationWeek One: Focus: Emotions. Aims: o o o o. Objectives: o. Introduction: o o. Development: o. Conclusion: o
Week One: Fcus: Emtins T increase emtinal awareness. T be aware f the purpse f emtins. T develp an understanding f hw emtins help us. T be able t cnfidently navigate Me, Md, Music website. The students
More informationFILM PORTFOLIO REVIEW
SCHOOL OF MEDIA ARTS & DESIGN FILM PORTFOLIO REVIEW The Film Prgram requires all majrs t engage in the prtfli review prcess prir t graduatin. Objective: The purpses f prtfli review are t assess yur grwth
More informationML= Musical Literacy, MR= Musical Response, CR= Contextual Relevancy 1
ML= Musical Literacy, MR= Musical Respnse, CR= Cntextual Relevancy 1 Table f Cntents Purpse and Use f Dcument 3 Cllege and Career Readiness Anchr Standards fr Reading 3 Cllege and Career Readiness Anchr
More informationRTL City Luxembourg Our Journey, 74 Weeks Later
C U R A T E D B Y RTL City Luxemburg Our Jurney, 74 Weeks Later Cstas Clmbus, Directr f Technlgy Prjects and Supprt BROADCASTING CENTER EUROPE S.A. IP SHOWCASE THEATRE AT IBC SEPT. 14-18, 2018 RTL CITY
More informationPR indicates a pre-requisite. CO indicates a co-requisite.
Scilgy Majr and Secndary Educatin Cgnate Majr Requirements Catalg Year: 2015-16 Degree: Bachelr f Science Credit Hurs: 96+ (Scilgy 33; Secndary Cgnate 63) PR indicates a pre-requisite. CO indicates a c-requisite.
More informationWelcome to Palm Beach State College Boca Raton Campus. Use the buttons on the left to assist you in using the Multimedia Classroom Equipment.
Hme Vide/Data Prjectr Cmputer Wireless Muse Interactive Mnitr Dcument Camera Cntrl Panel Welcme t Palm Beach State Cllege Bca Ratn Campus Use the buttns n the left t assist yu in using the Multimedia Classrm
More informationCommercial and Entertainment Arts. o Work Experience, General. o Open Entry/Exit. Distance (Hybrid Online) for online supported courses
SECTION A - Curse Infrmatin 1. Curse ID: 2. Curse Title: 3. Divisin: 4. Department: 5. Subject: 6. Shrt Curse Title: 7. Effective Term:: R-TV 31 Histry f Radi DJs Arts Divisin Cmmercial and Entertainment
More informationCB South Advanced Ensembles Symphonic Band and Jazz Ensemble Auditions
CB Suth Advanced Ensembles Symphnic Band and Jazz Ensemble Auditins Thank yu fr yur interest in auditining fr ur CB Suth Advanced Ensembles. In additin t the tw advanced grups (Symphnic Band and Jazz Ensemble),
More informationProf. Dr. Peggy Valcke Council of Europe Expert KU Leuven, Faculty of Law iminds-icri
Must-Carry Rules in Eurpe: EU Standards & Natinal Practices Expert Seminar: Must-Carry Rules in Eurpe and Slutins fr Ukraine Kyiv, 12 Octber 2012 Prf. Dr. Peggy Valcke Cuncil f Eurpe Expert KU Leuven,
More informationLa Grua Center Rental Packet
La Grua Center Rental Packet Applicatin fr Use Page 2 Rental Rates Page 3 Event/Activity Plicies Page 4 User Agreement Page 6 La Grua Center Applicatin fr Use! 1 CONTACT INFORMATION Cntact Persn: Address:
More informationCaritas Chorale Member Information
Caritas Chrale Member Infrmatin - 2018 MEMBERSHIP: Membership is pen t anybdy in the cmmunity wh has a desire t sing great chral music. Many peple with little musical experience have develped their singing
More informationSculpture Walk Jax Exhibition and Competition Entry Form Temporary Outdoor Sculpture Exhibition Main Street Park, Jacksonville, FL
WALK Sculpture Walk Jax 2014 Exhibitin and Cmpetitin Entry Frm Temprary Outdr Sculpture Exhibitin Main Street Park, Jacksnville, FL 2014 Sculpture Walk Jax Sculpture Walk Jax, in its inaugural year, is
More informationRiver Ridge Taiko Student Contract
River Ridge Taik Student Cntract 2014-2015 S, we are frmalizing things even mre this year. Expansin ver the last tw t three years, bth in scpe f the membership f the grup and in the perfrmances that the
More informationMusic Curriculum Map. EQ: How does practice improve performance? Establish routines and warm-ups.
HIGH SCHOOL Orchestra UNIT 1: FIRST GRADING PERIOD Mnth / pacing Big Ideas/ Learning Intentins/ Learning Outcmes Suggested Prjects September/Octber/Nvember Establish rutines and warm-ups. Cmmn Cre Display
More informationSUGGESTIONS FOR IMPROVEMENT OF MEDIA SUPPORT FOR DISTRIBUTION
Eurpean netwrk f independent distributrs SUGGESTIONS FOR IMPROVEMENT OF MEDIA SUPPORT FOR DISTRIBUTION Main pints : The definitin f the independent Eurpean distributr The speeding up f cntracts and payments
More informationGRADE 2 UNIT 1: FIRST GRADING PERIOD Month / pacing Big Ideas/ Learning Indicators/ Learning Outcomes Suggested Projects September
GRADE 2 UNIT 1: FIRST GRADING PERIOD Mnth / pacing Big Ideas/ Learning Indicatrs/ Learning Outcmes Suggested Prjects September LI: Music has rhythm, cnsisting f lng and shrt sunds and Cmmn Cre Create a
More informationGraduate Invitation. The congregation will take on Friday 17 October 2014 at 2:30pm at the Grand Hyatt Hong Kong, 1 Harbour Road, Hong Kong.
Nrthumbria University Academic Cngregatin UK and Distance Learning Students 14:30 Friday 17 Octber 2014 Grand Hyatt Hng Kng Graduate Invitatin Dear Graduate, Nrthumbria University will hst an Academic
More informationHappily Ever After? A Fairy Tale Unit [1st grade]
Trinity University Digital Cmmns @ Trinity Understanding by Design: Cmplete Cllectin Understanding by Design 9-11-2009 Happily Ever After? A Fairy Tale Unit [1st grade] Audrey Tan Trinity University Fllw
More informationSponsorship Levels and Benefits
Spnsrship Levels and Benefits Pledging t becme an AgeOptins spnsr is ne f the mst pwerful ways in which yu can assist in making a difference in the lives f lder adults in ur cmmunities. This infrmatin
More informationContexts: Literary Research Essay/Independent Novel Project
Cntexts: Literary Research Essay/Independent Nvel Prject Please adhere t deadlines prvided; n extensins will be granted. In accrdance with class plicy, late wrk is nt accepted fr credit. PROMPT: Select
More informationOctober 30, 2015 ADDENDUM 1 TO REQUEST FOR PROPOSAL TO ORGANIZE, FACILITATE, AND PROMOTE MELE MEI: CELEBRATION OF HAWAI I S MUSIC HTA RFP NO.
Octber 30, 2015 ADDENDUM 1 TO REQUEST FOR PROPOSAL TO ORGANIZE, FACILITATE, AND PROMOTE MELE MEI: CELEBRATION OF HAWAI I S MUSIC HTA RFP NO. 16-08 Nte: The questins belw may represent a cmbinatin r rephrasing
More informationKEYS TO SUCCESS. September 25, PERCEPTIVE DEVICES LLC 8359 Oakdale Ct, Mason, OH 45040, USA
KEYS TO SUCCESS September 25, 2017 PERCEPTIVE DEVICES LLC 8359 Oakdale Ct, Masn, OH 45040, USA Table f Cntents 1. Intrductin... 2 2. Start up and Calibratin... 3 3. Pinting... 4 4. Clicking and Dragging...
More informationEDUCATION PROGRAM. Educate, Enlighten & IMAX EDUCATION 2007
EDUCATION 2007 EDUCATION PROGRAM Educate, Enlighten & Enrich @ IMAX The IMAX Experience Hw t Bk an Excursin Jint Excursin Packages Educatinal Resurces Access, Transprt & Parking Phne: (02) 9213 1600 Fax:
More informationMedia Technology & Instructional Services (MTIS) - Lake Worth Campus
Media Technlgy & Instructinal Services (MTIS) - Lake Wrth Campus Hme Cntrl Panel Cmputer Wireless Muse Interactive Mnitr Dcument Camera Guest Laptp Truble Sht Use the buttns n the left t assist yu in using
More informationHeimann Sensor HTPA32x32d 32x32 Infrared Thermopile Array Sensor
Heimann Sensr HTPA32x32d 32x32 Infrared Thermpile Array Sensr Imaging reprt by Sylvain HALLEREAU April 2018 22 BD BENONI GOULLIN 44200 NANTES - FRANCE +33 2 40 18 09 16 inf@systemplus.fr www.systemplus.fr
More informationWeb Sponsorships and Takeover Guidelines Updated November 2015
1. Technical a. Spnsrship skins shuld be 2560 pixels in width and 1200 pixels high. Skins cannt run the full length f the page. b. Spnsrships running n a city page that have their ad in the right rail
More informationEARNINGS RELEASE: Q
EARNINGS RELEASE: Q4 2017-18 Mumbai, 24 th April, 2018 Netwrk18 Media & Investments Limited tday annunced its results fr the quarter and financial year ended 31 st March 2018. Netwrk18 subsidiary TV18
More informationEARNINGS RELEASE: Q
EARNINGS RELEASE: Q3 2017-18 Mumbai, 16 th January, 2018 Netwrk18 Media & Investments Limited tday annunced its results fr the quarter ended 31 st December, 2017. Summary Cnslidated Financials (Rs Crres)
More informationSetup Guide. Rev. 1.7
Setup Guide By Rev. 1.7 Intrductin The SpectraCal VideFrge PRO test pattern generatr can be autmatically cntrlled by the CalMAN Display Calibratin Sftware t prduce measurement and calibratin test patterns
More informationTV ONE SCREENPLAY COMPETITION 2015 OVERVIEW, ELIGIBILITY & INSTRUCTIONS
TV ONE SCREENPLAY COMPETITION 2015 OVERVIEW, ELIGIBILITY & INSTRUCTIONS TV One is a fast grwing cable televisin netwrk that nw serves 57 millin husehlds. TV One cmbines riginal and hit sitcms, riginal
More informationOPERA GRAND RAPIDS VOLUNTEER INFORMATION
OPERA GRAND RAPIDS VOLUNTEER INFORMATION Welcme Vlunteers! Hell everyne! Thank yu fr yur interest in vlunteering fr Opera Grand Rapids! As yu knw, vlunteers such as yurselves play a very imprtant rle in
More informationEDUCATION PROGRAM. Educate, Enlighten & IMAX EDUCATION 2009
EDUCATION 2009 EDUCATION PROGRAM Educate, Enlighten & Enrich @ IMAX The IMAX Experience Hw t Bk an Excursin Jint Excursin Packages Educatinal Resurces Access, Transprt & Parking Phne: (02) 9213 1600 Fax:
More informationThe following example configurations are intended to show how the
The fllwing example cnfiguratins are intended t shw hw the Pepperl+Fuchs safety cntrller can be used t slve everyday safety applicatins. While each example has been designed with the utmst care users are
More informationPublic Finance Review Guide for AuthorsManuscript Submission
Public Finance Review Guide fr AuthrsManuscript Submissin 1. Submitted manuscripts shuld typically be 20-30 duble-spaced typewritten pages, and shuld in n event exceed 40 pages, with appendices, endntes,
More informationJohn Scottus NS Whole School Music Plan January 2017
Intrductry Statement and Ratinale (a) Intrductry Statement This plan has been frmulated by the teaching staff (b) Ratinale Music is 1. multi-sensry 2. benefits ther subjects 3. fr all Jhn Scttus NS Whle
More information!!!!!!!!!! Seventh!Grade,General!Music:!!! Creating!an!Original!Composition!in!ABA!Form!using! Garageband!! Mindy!Rubinlicht! Updated!January!2015!!!
SeventhGrade,GeneralMusic: CreatinganOriginalCmpsitininABAFrmusing Garageband MindyRubinlicht UpdatedJanuary2015 CmpsingtwmeldiesinABAfrmusingGarageband LessnLength:Tw%three,frtyminutesessins;tw,80minutesessins
More informationTALENT ACADEMY 2017 Preparation Notes for Submission and Audition in Film International Baccalaureate Diploma Programme (IBDP) DSA-JC Applicants
TALENT ACADEMY 2017 Preparatin Ntes fr Submissin and Auditin in Film Internatinal Baccalaureate Diplma Prgramme (IBDP) DSA-JC Applicants Eligibility Criteria Applicants fr Talent Academy (Film) need t
More informationAPPLICATIONS: TELEVISIONS
CATHODE RAY TUBE A cathde ray tube (CRT) is a specialized vacuum tube in which images are prduced when an electrn beam strikes a phsphrescent surface. Mst desktp cmputer displays make usef CRTs. The CRT
More informationPLEASE LET US KNOW IF YOU WOULD LIKE THESE DOCUMENTS IN ANOTHER FORMAT
PLEASE LET US KNOW IF YOU WOULD LIKE THESE DOCUMENTS IN ANOTHER FORMAT Embedded Opprtunity: Red Nte Residency Call fr cmpsers and sund artists PLEASE CHECK YOU ARE ELIGIBLE TO TAKE UP THIS OPPORTUNITY
More informationAberdeen Community Theatre 417 S. Main Street Aberdeen, SD ACT OFFICE ACT FAX ACT TICKET LINE
ACT 2, Inc., d.b.a. (ACT) is a 501 (c)(3) nn-prfit crpratin perating in Aberdeen, Suth Dakta. Operating n an annual budget f $458,000, the rganizatin is fueled by mre than 300 vlunteers annually, supprted
More informationMusic has different functions in different cultures. For example, music can be used in various cultures for:
Music In Our Wrld What this curse attempts t cnvey: Music is a cultural phenmena--it cannt be understd n its wn. We must learn abut the culture frm which the music cmes befre attempting t grasp the meaning
More informationAdult Group Tour Informational Packet
100 Bancrft Street Omaha, NE 68108 www.lauritzengardens.rg Adult Grup Tur Infrmatinal Packet HOURS Open daily 9 a.m. t 5 p.m. except Thanksgiving, Christmas, and New Year s Day Open until 8 p.m. n Mndays
More information2008 Event Sponsorship Opportunities
2008 Event Spnsrship Opprtunities Events prduced in partnership with Infrma Telecms Media 2008 Event Spnsrship Opprtunities Mbile Marketing Frum Spnsrship Availability Spnsrship Price* Sãu Paul 26 Mar
More informationSection 28 Rehabilitative and Community Support Services KEPRO Mapping Document
Sectin 28 Rehabilitative and Cmmunity Supprt Services KEPRO Mapping Dcument Initiating Requests in KEPRO Lgin t Kepr Care Cnnectin (must be dne using Internet Explrer, IE Tab fr Chrme, r using parallels
More informationSMART Podium interactive pen display
Chapter 6 Trubleshting yur SMART Pdium interactive pen display Checking the pwer n yur interactive pen display 44 Pwer buttn indicatr issues 44 Checking the status n yur interactive pen display 46 Status
More informationRock Music History and Appreciation. o Work Experience, General. o Open Entry/Exit. Distance (Hybrid Online) for online supported courses
SECTION A - Curse Infrmatin 1. Curse ID: 2. Curse Title: 3. Divisin: 4. Department: 5. Subject: 6. Shrt Curse Title: 7. Effective Term:: MUS 15 Rck Music Histry and Appreciatin Arts Divisin Music Department
More informationChristine Madden with my first and second volunteer choice (if applicable). *By 1/21
January 14, 2015 Dear Sptlight Yuth Theater Parents and Participants, Thank yu fr attending the Peter Pan & Wendy Parent Meeting tnight. Please see the enclsed packet f infrmatin and frms abut the shw.
More informationSolon Center for the Arts presents THE LORAX
Sln Center fr the Arts September 9, 2014 Dear Stries n Stage and Participants, Please see the enclsed packet f infrmatin and frms abut the shw. Please make sure yu lk thrugh the infrmatin thrughly and
More informationEssential Elements Supplemental Book LO: Hold instrument in proper rest and playing position
Intermediate Instrumental UNIT 1: FIRST GRADING PERIOD Mnth / pacing Big Ideas/ Learning Intentins/ Learning Outcmes Suggested Prjects September BI1 Music is created using different frms and textures Prcedures
More informationParticipants: Absence: Peep Lassmann, Estonian Academy of Music and Theatre Artis Simanis, Jazeps Vitols Latvian Academy of Music
MINUTES FROM THE JOINT MEETING BETWEEN ANMA EXECUTIVE COMMITTEE AND NORDPLUS MUSIC EXECUTIVE COMMITTEE AT THE OULU UNIVERSITY FOR APPLIED SCIENCES, 12-13 JUNE 2012. Participants: Henrik Sveidal, The Rhythmic
More informationROOTSECURE SENSOR SCANNING SCHEDULES DECEMBER 13, 2017
ROOTSECURE SENSOR SCANNING SCHEDULES DECEMBER 13, 2017 SECURITY ANALYST ROOTSECURE 1244 Victria Street Nrth, Unit H, Kitchener, ON, N2B 3C9 416-286-6610 www.rtsecure.cm [Page intentinally left blank] Instructins
More informationEuropeanConcertHal Organisation(ECHO)
EUROPEANCONCERTHALLORGANISATION(ECHO) imerc EurpeanCncertHal Organisatin(ECHO) Aninitialbenchmarkingstudyf Educatin,LearningandParticipatin Graham Welch JSaunders EvangelsHimnides imerc Eurpean Cncert
More informationAccessing the Options Main Menus
Accessing the Optins Main Menus 1. T access the Optins applicatin, press the Optins buttn ( ) t the right f and belw the sftkeys. The first f three Optins Main screens displays. 2. Use the standard paging
More informationDirectory & wayfinding
Directry & wayfinding Leader in Digital Signage In 1913 we started building telephne bths. We recgnized early that a phne bth withut a phne bk was nt a cmplete slutin. We met this challenge by patenting
More informationPerformance Workshop Review & Weekly Assignments
Perfrmance Wrkshp Review & Weekly Assignments Sectin #1: Intrductin t vice acting and basic techniques Ntes & Observatins: The 2 parts f yur brain that directly relate t vicever: The Seven Cre Elements
More informationDear Zoël. Target Market Study With Story Element Analysis. How much would you Sacrifice... for what you Love?
Target Market Study With Stry Element Analysis MARKET AND TARGET AUDIENCE U.S. Hispanic Independent / Specialty Age / Gender Inspiratinal pssesses stry elements that appeal t the fllwing markets, as well
More informationCaspersen School of Graduate Studies Drew University GUIDELINES FOR THE PREPARATION OF DOCTORAL DISSERTATIONS
Caspersen Schl f Graduate Studies Drew University GUIDELINES FOR THE PREPARATION OF DOCTORAL DISSERTATIONS Study Guidelines 1. Dissertatins submitted t the Caspersen Schl must cnfrm t the latest editin
More information