Kabel Deutschland reports 4Q 2014 results

Wednesday, February 4th, 2015
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Premium TV RGUs increased by 55 thousand net adds quarter on quarter to a total of 2.5 million Pay TV and DVR RGUs

UNTERFOEHRING — Kabel Deutschland Holding AG (‘Kabel Deutschland’, ‘KDH’ or ‘the Company’), Germany’s largest cable network operator, today released its consolidated financial results for the third quarter and nine months ended December 31, 2014 of fiscal year 2014/15 ending March 31, 2015.

In Premium TV, Kabel Deutschland recorded 55 thousand RGU net additions in the third quarter of fiscal year 2014/15. Both Pay TV and DVRs contributed to the increasing overall RGU base, which reached 2,480 thousand as of December 31, 2014. HD Private increased to 1,991 thousand activated smartcards (versus 1,610 thousand one year earlier). As a result of a better subscriber mix and growing Premium TV penetration, the total blended TV ARPU per subscriber improved to €11.09 in the third quarter.

Kabel Deutschland’s direct subscriber base expanded to 7.7 million (growth of 65 thousand net adds year on year) out of a total of 8.3 million unique subscribers. The overall RGU base increased by 824 thousand or 5.6% from the previous year to 15.6 million at the end of December 2014. Due to the increasing penetration of our growth business activities, the RGU per subscriber ratio climbed to 1.87 (1.76 one year ago) and the total blended ARPU per subscriber increased to €18.52, up by €1.22 or 7.1% year on year.

Kabel Deutschland Cable Subscribers and RGUs (‘000)

                                   Mar-13  Jun-13  Sep-13  Dec-13  Mar-14  Jun-14  Sep-14  Dec-14
                                   ------  ------  ------  ------  ------  ------  ------  ------
Subscribers
 Direct Basic Cable subscribers     7,194   7,179   7,165   7,149   7,134   7,116   7,111   7,114
 Indirect Basic Cable subscribers     897     822     805     798     747     729     708     690

RGUs
 Premium TV                         2,070   2,094   2,149   2,235   2,302   2,372   2,425   2,480
  thereof Pay TV                    1,303   1,290   1,306   1,343   1,365   1,389   1,402   1,417
  thereof DVR                         767     804     843     892     938     983   1,023   1,063
 Basic Cable                        8,617   8,498   8,440   8,392   8,301   8,251   8,210   8,176