Page 188 - 2012 Annual Report

188 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
I - 2012 FINANCIAL REPORT
SECTION 4 BUSINESS SEGMENT PERFORMANCE ANALYSIS
4.2.3. SFR
(in millions of euros, except for margins)
Year ended December 31,
2012 2011 % Change
Mobile service revenues 7,006 7,885 -11.1%
Equipment sales, net 510 567 -10.1%
Mobile 7,516 8,452 -11.1%
Broadband Internet and Fixed 3,963 4,000 -0.9%
Intercompany elimination (191) (269) +29.0%
Total Revenues 11,288 12,183 -7.3%
EBITDA 3,299 3,800 -13.2%
EBITA 1,600 2,278 -29.8%
EBITA margin rate (%) 14.2% 18.7% -4.5 pts
Restructuring costs (187) (12) x 15.6
EBITA excluding restructuring costs 1,787 2,290 -22.0%
Capital expenditures, net (capex net) (a) 2,736 1,809 +51.2%
Of which acquisitions of mobile spectrum 1,065 150 x 7.1
capital expenditures, net excluding acquisitions of mobile spectrum 1,671 1,659 +0.7%
Cash flow from operations (CFFO) 693 2,032 -65.9%
Of which acquisitions of mobile spectrum (1,065) (150) x 7.1
cash flow from operations excluding acquisitions of mobile spectrum 1,758 2,182 -19.4%
Mobile
Number of customers (in thousands)
Postpaid (b) 16,563 16,566 -
Prepaid 4,127 4,897 -15.7%
Total SFR Group 20,690 21,463 -3.6%
Mobile customer base market share (c) 28.3% 31.3% -3 pts
12-month rolling ARPU (in euros/year) (d)
Postpaid 417 462 -9.7%
Prepaid 112 136 -17.6%
Blended ARPU 344 378 -9.0%
Acquisition cost compared to mobile service revenues (in %) 7.1% 7.6% -0.5 pt
Retention cost compared to mobile service revenues (in %) 9.1% 8.2% +0.9 pt
Residential broadband Internet and Fixed
Number of broadband Internet customers (in thousands) 5,075 (e) 5,019 +1.1%
ADSL customer base market share (f) 22.5% 23.5% -1 pt
(a) Relates to cash used for capital expenditures, net of proceeds from sales of property, plant and equipment, and intangible assets.
(b) Includes M2M (Machine to Machine) customers.
(c) Source: Arcep.
(d) Includes mobile terminations. ARPU (Average Revenue Per User) is defined as revenues net of promotions and net of third-party content provider
revenues, excluding roaming in revenues and equipment sales divided by the average Arcep total customer base for the last twelve months. ARPU
excludes M2M (Machine to Machine) data.
(e) On December 31, 2011, the Broadband Internet customer base was adjusted by 23,000 customers following the removal of 1P and 2P Akéo customers
from the consolidation perimeter.
(f) SFR estimate for 2012.