London, Nov 13, 2017 AEST (ABN Newswire) - Speedcast International Ltd (ASX:SDA) provides the Company's latest presentation at UBS Australasia Conference.

Reaching An Inflexion Point in Terms of Service Revenue Growth

- Quarterly Energy revenues stabilised, three quarters of consistent service revenues. Pipeline activity growing following positive oil price trends although lead times mean that the impact is not expected to be seen until 2H 2018 at the earliest.

- Cruise customers looking for strategic partners to deliver stepped change in connectivity requirements to meet passenger demand

- Merchant shipping sector delivering steady growth in VSAT with strong activation levels continuing into 2H 2017

- Ongoing rollout of EEM backlog and conversion of opportunity pipeline for new projects will lead to return to organic growth in 2018. Material new contract negotiations progressing - although slightly delayed, expect to sign before the end of the year.

Preparing Platform for Future Growth

- EBITDA margin % expansion as a result of scale and cost synergies

o EBITDA margin of 21.4% in 1H17 (1H16:16.7%)

o Scale added by Harris CapRock acquisition driving operating cost efficiencies

o Additional synergy cost benefits expected to grow EBITDA % further in 2H17 & 2018

- Harris Caprock integration progressing to plan

o Integration activities progressed in line with project timeframes, now >90% complete

o Harris CapRock synergies now expected to be $30M+ vs original investment case estimate of $24M

o Significant work now ongoing around culture and core values

- Balance sheet de-leveraging occurring

o Strong operating cash flows (96% cash conversion of EBITDA in 1H 2017) following integration of transactional finance teams

o 1H17 capex behind historical norms; Roll out of backlog and implementation of new projects to increase capex in 2H17, bringing overall capex for 2017 back in line with expectations

o Pre-impact of Ultisat acquisition, net debt and pro forma leverage reducing

- UltiSat acquisition completed in Q4 2017

o Regulatory (DSS and CFIUS) approvals obtained; 1 November 2017 effective closing date

o Increase in existing debt facility of $60M to fund acquisition, with the remaining funding requirement sourced from the reinvestment of free cash flow from operations

To view the full presentation, please visit:

About Speedcast International Ltd

Speedcast InternationalSpeedcast International Ltd (ASX:SDA) is the world’s most trusted provider of highly reliable, fully managed, end-to-end remote communication and IT solutions. The company utilizes an extensive worldwide footprint of local support, infrastructure and coverage to design, integrate, secure and optimize networks tailored to customer needs. With differentiated technology, an intense customer focus and a strong safety culture, SpeedCast serves more than 2,000 customers in over 140 countries via 39 teleports, including offshore rigs and cruise ships, 10,000+ maritime vessels and 4,500+ terrestrial sites. Speedcast supports mission-critical applications in industries such as maritime, oil and gas, enterprise, media, cruise and government. Learn more at Speedcast.



Media Contact Information:
Toni Lee Rudnicki
Vice President, Global Marketing
Speedcast International Ltd
T: +1-832-668-2634

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