Altice Full Year 2013 Pro Forma Consolidated Results

ALTICE - FULL YEAR 2013 PRO FORMA CONSOLIDATED RESULTS

Strong financial performance driven by operational turnaround in International businesses

March 14, 2014: Altice SA (Euronext: ATC NA), today announces financial and operating results for the year ended December 31, 2013.

Strong financial performance

• €3.2bn of Pro forma¹ Consolidated Revenue, up 0.7% 

  • €1.9bn International² Revenue, up 0.4% 

    • Revenue is €2,085m including Tricom & Mobius 

  • €1.3bn France Revenue, up 1.1% 

• Pro forma Consolidated EBITDA of €1,360m, up 6.0% 

  • €744m International EBITDA, up 13% 

    • EBITDA is €798m including Tricom & Mobius 

  • €616m France EBITDA, down 1.0%  

• EBITDA margin expanded by 2.1% pts to 42.2% 

  • International margin expanded by 4.2% pts to 39.0% 

  • France margin fell by 0.9% pts to 46.9% 

• Pro forma Operating Free Cash Flow³ of €667m, up 27% 

Continued strategic progress

• Successful IPO raised €750m and created 26% free float 

• Increased stake in Numericable to 40% 

• Acquisition of Tricom closed, and ODO in Dominican Republic creating integrated cable/mobile business with strong market share and growth opportunities⁴  

Key operational progress

• Group triple-play penetration increased 5% pts to 61% 

• France: Customer and ARPU growth driving 4% cable revenue growth 

• Israel: 

  • Strong triple-play, hi-speed broadband and mobile growth 

  • Cost restructuring driving 19% EBITDA growth 

• Portugal: 

  • Cost restructuring and ONI integration driving 21% EBITDA growth 

• French Overseas Territories: 

  • Successful triple-play focus driving 6% ARPU growth 

  • Integration of Outremer Telecom driving 13% EBITDA growth 

Dexter Goei, Chief Executive Office of Altice, said: "Today's set of results, our first to be published since Altice became a public company in January, show how we have made strong financial, operational and strategic progress through 2013. Integration of the companies we acquired last year is going well, margins there are improving, and our focus on synergies and efficiencies drove strong EBITDA and OpFCF growth.

Looking forward, Altice's balance sheet, liquidity and access to capital are strong following January's successful IPO. So, with our EBITDA and cashflow set to continue to grow, I am pleased to say we have all the flexibility we need to develop new business opportunities."

Contacts

Investor Relations
Richard Williams:        +44 (0)7946 348939 / richard.williams@altice.net

Media (Havas)
Charles Fleming: +33 (0)614 450522 / charles.fleming@havasww.com

Conference call details

The company will host a conference call and webcast to discuss the results at 2pm CET, 1pm GMT, 8am EST today.

Webcast: www.altice.net

Conference call dial in: +44 (0)20 3427 1909 / +1 646 254 3360
Confirmation code: 5331625

¹ These results reflect the pro forma results of the Altice S.A. group, including the planned acquisition of Orange Dominicana, but excluding Tricom and Mobius. Tricom had revenue of €159m and EBITDA of €51m in 2013. Mobius had revenue of €19m and EBITDA of €3m in 2013. See "Financial Presentation" note for further details.
² International business is the Altice VII Group
³ Defined as EBITDA less Capital Expenditure
⁴ The Tricom acquisition was completed on March 12, 2014 and the acquisition of ODO is expected to be completed soon