This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, regarding our business strategy, our prospects and our financial position. These statements can be identified by the use of forward-looking
terminology such as "believes," "estimates," "expects," "intends," "may," "will," "should," "could" or
"anticipates" or the negative or other variation of these similar words, or by discussions of strategy or risks and uncertainties. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. Important factors that could cause actual results to differ materially from such forward-looking statements include, without limitation, risks related to the following:
The expected savings and synergies from the Horizon acqisition may not be realized or may take longer or cost more than expected to realize
A further list and description of these risks, uncertainties and other factors can be found in the Company's SEC filings which are available online at www.sec.gov, www.shentel.com or on request from the Company. The Company does not undertake to update any forward-looking statements as a result of new information or future events or developments.
2
Chris French
President and CEO
3
Transformative Transactions
Announced and closed $310 million sale of our towers
Closed on $275 million credit facility upsizing
Closed on $81 million preferred equity financing
Closed on $385 million Horizon Telcom acquisition
Implemented leadership changes in Ohio markets; added Glenn Lytle to senior management team to lead combined company commercial sales
4
Fiber First Strategy Update
Announced brand change to Glo Fiber and implemented new rate card in Ohio markets
Upsized annual run-rate Horizon expense synergy target to $10.6 million; Realized ~ 45% of synergy savings as we enter May; Expect to complete integration and realize full synergies in first half 2025
Achieved record Glo Fiber customer net additions and a strong quarter of newly constructed passings in 1Q24
Constructed/acquired 46% of 600,000 target Glo Fiber expansion market passings; On track to reach target by end of 2026
5
Super-Regional Commercial Fiber Network
6
Integrated Fiber and Cable Broadband Network
7
Jim Volk
SVP of Finance and CFO
8
Consolidated Highlights - Continuing Operations
Revenue (in millions)
3.1%
Adjusted EBITDA (in millions)
9
Pro-forma Liquidity
Change in Cash (in millions)
Liquidity (in millions)
10
Attachments
Original Link
Original Document
Permalink
Disclaimer
Shentel - Shenandoah Telecommunications Co. published this content on
02 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
03 May 2024 11:02:04 UTC.
Shenandoah Telecommunications Company provides broadband services through its high speed, fiber-optic and cable networks to customers in the Mid-Atlantic United States. The Companyâs services include broadband Internet, video, voice, and fiber-optic Ethernet, wavelength and leasing. The Company's Broadband segment provides broadband Internet, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, through fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the brand name of Shentel. The Broadband segment also leases dark fiber and provides ethernet and wavelength fiber optic services to enterprise and wholesale customers throughout the entirety of its service area under the brand name of Glo Fiber Business. The Broadband segment also provides voice and digital subscriber line (DSL) telephone services to customers in Virginiaâs Shenandoah County.
SHENANDOAH TELECOMMUNICATIONS COMPANY 
