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Intelsat’s CEO Discusses Q1 2014 Results – Earnings Call Transcript

By Marc Boucher
Status Report
May 1, 2014
Filed under ,

Intelsat released its first quarter 2014 financial results and conducted a conference call with financial analysts and investors. This is the transcript.

Dianne VanBeber – Vice President, Investor Relations and Communications

David McGlade – Chairman and Chief Executive Officer

Michael McDonnell – Executive Vice President and Chief Financial Officer

Intelsat SA (I) Q1 2014 Earnings Conference Call May 1, 2014 11:00 AM ET


Good day, ladies and gentlemen, and welcome to the Q1 2014 Intelsat earnings conference call. My name is Sarah, and I’ll be your operator for today. (Operator Instructions) I’d now like to turn the conference over to Dianne VanBeber, Vice President of Investor Relations and Corporate Communications. Please proceed.

Dianne VanBeber – Vice President, Investor Relations and Communications

Welcome, everyone, and thank you for joining Intelsat’s first quarter 2014 earnings conference call. Earlier this morning, we issued our earnings release and we published our quarterly commentary, both of which are available at

The quarterly commentary provides the investment community with the information and context that you need to analyze our results well in advance of our discussion. We use the quarterly commentary to make your time with us more efficient and to maximize the time on this for Q&A with management.

Now, just some housekeeping matters. During today’s call, we will discuss adjusted EBITDA and other financial metrics not prepared in accordance with U.S. Generally Accepted Accounting Principles, including EBITDA-related margins, adjusted net income per diluted common share and free cash flow from operations.

We provide reconciliations of these metrics to the most directly comparable GAAP measures in the earnings release and on our website. Later today, we’ll be filing the quarterly report at Intelsat S.A. on Form 6-K with the SEC. You can find the link to the filing on our website.

Additionally, our conversation today will include forward-looking statements reflecting our current expectations for future industry conditions as well as our business strategy, market trends and positioning and expected future financial performance. These forward-looking statements are subject to risks and uncertainties, many of which are outside of our control.

Please refer to the Safe Harbor statement included in our annual report on Form 20-F for information regarding some of the factors that could cause our actual results to differ materially from our expectations.

Finally, please be aware that our conference call today is open to the investment community and media, with the media invited to participate in listen-only mode. Members of the media are not authorized to quote, either directly or in substance any participant in the call, who is not a representative of Intelsat.

With that, I’d like to turn the call over to Dave McGlade, our Chairman and CEO; and Executive Vice President and CFO, Michael McDonnell, who are here to offer you additional detail on Intelsat’s business and financial performance. Following brief opening remarks by, Dave, they’ll be happy to take your questions.

Read the full transcript at Seeking Alpha.

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