Adj EBITDA (3) - Carriers Lunch

Report
Level 3 and Global Crossing
Stronger Connections. New Possibilities
Geneva
November 2011
© 2011 Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications, the Level 3 Communications Logo, Vyvx and MyLevel3, are either registered service marks or service
marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications,
Inc. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners.
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Combined Company Overview
FY 2010 Key Metrics
(1)
(2)
(3)
Pro Forma(1)
Revenue
$6.2B
Adj EBITDA(3)
$1.3B
Cash Balance
$988M
Post
Synergies(2)
$1.6B
Geographical Diversification(4) (5)
($ in Millions)
Latin America
$597
12%
North America
$3,570
70%
Europe
$939
18%
Balanced Mix of Customers(1)
Gross Debt/
Adj EBITDA(3)
6.2x
5.0x
Net Debt/
Adj EBITDA(3)
5.4x
4.4x
Pro Forma balances represent the combined balances and results of Level 3 and
Global Crossing as of and for the year ended December 31, 2010
Post Synergies balances represent pro forma balances adjusted for estimated $300
million in network and operating expense synergies post-acquisition, once achieved
See schedule of non-GAAP metrics for definition and reconciliation to GAAP measures
($ in Millions)
Wholesale
$2,250
44%
(4)
(5)
Enterprise
$2,856
56%
2010 Core Network Services plus Invest & Grow Revenue
Global Crossing Invest & Grow Revenue estimated by Region
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End-to-End Global Network
One of the world’s most advanced IP networks in the world
Presence:
• Owned fiber networks with reach to North America,
Latin America, Europe, the Middle East, Africa
and the Asia Pacific region
• Connected by extensive undersea facilities
reaching 5 continents
Core Network:
•
•
•
•
•
More than 45 core network countries
More than 450 core network markets
~100,000 intercity miles
~30,000 metro route miles
Approximately 170 metro markets
First carrier to deploy global MPLS network in 2001
First global provider with IPv6 natively deployed
3
Comprehensive Solutions
Next-generation technology enabled by one of the world’s largest end-to-end IP networks
NEXT-GENERATION TECHNOLOGY
SIP Trunking/Unified Communications | IP Convergence | Video Communications
Cloud Services | VoIP Migration | Data Center Connectivity | Smart WAN
Security | Low Latency | Contact Centers | Website Acceleration
Business Continuity / Disaster Recovery
End-to-End IP Network
More efficient. More flexible. More capable.
4
Comprehensive Portfolio of Services
Service and network capabilities to enable business applications
Data Services
Voice Services
Internet Access
MPLS / IP VPN
Ethernet Virtual
Private Line
Virtual Private
LAN Service
Private Line
Wavelength
Access Solutions
PRI-ISDN –
Digital Trunks
SIP Trunking
Video Services
Managed / Value-Add
Services
Content Delivery
Network (CDN)
Vyvx®/
Solutions
Managed Router
Managed Security
Local Inbound
Managed WAN
Optimization
VoIP Enhanced Local
Data Center
Toll Free Dedicated
Colocation
Long Distance
Dedicated
Professional
Services
Audio, video and
web conferencing
SIP Trunking/Unified Communications | IP Convergence | Video Communications | Smart WAN
VoIP Migration | Data Center Connectivity | Security | Low Latency
Business Continuity / Disaster Recovery | Cloud Computing | Contact Centers | Website Acceleration
5
Trusted by Leaders Across Industries
Level 3 provides telecommunications services to business, content, wholesale and
government customers including:
•
•
•
•
•
9 of the top 10 U.S. banks
9 of the top 10 U.S. cable providers
Top U.S. broadcast networks
9 of the top 10 U.S. Internet service providers
9 of the top 10 carriers in Europe
• 4 out of 5 of the top U.S. wireless
service providers
• Largest social networking sites
• More than 200 federal agencies and divisions
• 18 of the world’s top 20 telecom carriers
6
Wholesale Telecommunications Market in CH
Huge Growth in Data Centre Space
 Various factors cause more demand for DC’s:
 Swiss speciality for redundancy, security, and engineering
• Switzerland becoming highly rated for data recovery and archiving by numerous
Eastern European and Middle Eastern countries
 Financial sector growth in Zurich and Geneva
 Power surplus and only 8% fossil fuels
 New sites online:
 2011:
• Green Lupfig
• BrainServe Lausanne
• e-Shelter Zurich
 2012:
• ColoZueri expansion
 Sites in construction:
• “Large Media company” CH2 Avenches
• DeepGreen Naefels (lake water cooling)
 i/o (innovative modular datacentres) planning presence in Zurich
7
Switzerland
An important market for Level 3
 Presence day 1 in all major sites in Zurich and Geneva
 Multi-million spend to connect new sites in 2010 and 2011:
 1 site in Geneva
 3 sites in Zurich
 2 sites in Zurich Region on a new regional ring
 More spend allocated for 2012 in Switzerland
 Possibly 2 sites in Geneva region
 Integration of CH Global Crossing PoPs and fibre network
 Higher visibility in the market
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Please contact us!
 Christophe Fox, Switzerland Business Development
 [email protected]
 Tel. +447776240388
 Michel Voitoux, EMEA Sales Team
 [email protected]
 Tel. +33629433411
 Paul Gadiot, EMEA Sales Team
 [email protected]
 Tel. +491743261547
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