Key Indicators - US GAAP
Financial data (US$ million)
3T99
1T00
2T00
3T00
Net sales (Consol.)
Globo Cabo
Net Sul
Corporate Network
EBITDA (Consol.)
Globo Cabo
123.1
94.6
23.6
4.9
34.9
25.9
136.5
104.4
26.1
6.0
24.3
23.5
140.1
104.3
29.0
6.9
31.9
23.2
153.8
114.6
32.3
6.9
37.4
27.5
Net Sul
Corporate Network
7.5
1.5
1.6
(0.8)
6.3
2.4
7.7
2.1
EBITDA Margin (Consol.)
28.4%
17.8%
22.8%
24.3%
Globo Cabo
27.4%
22.6%
22.2%
24.0%
Net Sul
Corporate Network
31.9%
30.4%
6.1%
-14.0%
21.7%
35.4%
23.8%
30.8%
Subscribers Growth
Globo Cabo Subscribers
4Q99
1Q00
2Q00
3Q00
936.1
949.1
965.6
1,008.7
4.9%
5.7%
7.1%
19.1%
1,332.1
1,348.1
-1.0%
4.9%
(excluding Net Sul and Unicabo)
Annualized Organic Growth
(excluding Net Sul and Unicabo)
Globo Cabo Subscribers
1,416.1 1,467.9
(including Net Sul and Unicabo)
Annualized Overall Growth
(including Net Sul and Unicabo)
* Londrina and Blumenau acquisitions
21.7%*
15.5%
Subscribers Mix and ARPU
33,03
29,60
30,01
29,21
33,46
33,87
34,76
2.6
2.5
0.6
0.6
0.6
0.6
0.4
17.3
17.1
17.4
17.6
19.9
46.3
44.3
41.0
34.3
35.7
38.0
41.0
1Q99
2Q99
3Q99
Advanced
Plus
0.7
3.0
20.4
21.5
30.4
27.0
24.3
47.6
49.3
49.3
48.7
4Q99
1Q00
2Q00
3Q00
Master
Standard
Others
Vírtua - Evolution
1,113
14,792
8,929
568
280
1,068
1Q00
2Q00
3Q00
Two Way Homes Passed
(in thousands)
1Q00
2Q00
Subscribers
3Q00
Churn Rate vs. Bad Debt
31.5%
27.1%
17.2%
16.6%
12.2%
2.97%
15.4%
15.3%
2.87%
1.83%
1.64%
1.65%
1Q00
2Q00
0.82%
-0.10%
1Q99
2Q99
3Q99
4Q99
% Bad Debt
Churn Rate (Quarterly Annualized)
2Q00
EBITDA Composition
US GAAP
3Q99
1Q00
2Q00
3Q00
100%
100%
100%
100%
48.7%
Direct Operating
Programmers and royalties. . . . . .28.7%
Network expenses . . . . . . . . . . . . . 5.2%
Customers relations. . . . . . . . . . . . 2.3%
Payroll and benefits . . . . . . . . . . . . 6.1%
Other costs (third parties). . . . . . . 6.4%
48.6%
49.5%
48.7%
28.4%
4.1%
2.3%
6.3%
7.5%
30.6%
4.4%
2.6%
6.5%
5.4%
28.6%
4.9%
2.6%
6.4%
6.2%
22,9%
Selling/ Administrative
Selling . . . . . . . . . . . . . . . . . . . . . . . 4.3%
General & Administrative . . . . . . .16.6%
Bad debt expense. . . . . . . . . . . . . . 0.8%
Other . . . . . . . . . . . . . . . . . . . . . . . . 1.2%
33.5%
5.5%
21.1%
1.6%
5.4%
27.7%
7.6%
16.0%
1.6%
2.5%
27.0%
8.7%
17.0%
1.8%
-0.5%
EBITDA
17.8%
22.8%
24.3%
Net Revenue
28.4%
Amortization Schedule*
Pro-forma
Notes
Convertible debentures
FRNs-Net Sul
185
32
95
2000
123
2001
74
2002
64
4
10 8
64
2003
* Includes Vicom and Net Sul
85
2004
2005
2006
Total debt: US$ 784 MM