fss operators - euroconsulteuroconsult-ec.com/research/fss-operators-2016-brochure.pdf · fss...

© Copyright 2016 Euroconsult. All rights reserved.

FSS OPERATORSBENCHMARKS & PERFORMANCE REVIEW

2016 BROCHURE

9th Edition | A Euroconsult Profile Series

An in-depth assessment of key players at the heart of the satellite industry.

FSS operator ranking by revenues Profiles of 41 FSS operators Profiles of 19 emerging operators Excel of operators supply (2015-2018) & demand 2015 KPIs Price starting at € 4,500 Individual profiles priced at € 1,000*

FSS industry revenues declined by 7% in 2015 and have continuedto deteriorate through the first half of 2016. Headwinds in the FSSindustry have raised significant cause for concern in the last year orso, as highlighted by the lower stock valuations of leading FSSoperators and the bearish sentiment in the sector among theinvestment community.

At the half-year mark of 2016, FSS revenues were falling by 4%year-over-year with 2/3 of operators reporting lower revenues andglobal FSS operators particularly impacted. The impact on pricinghas accelerated in recent months, especially in data-driven markets,where pressure from HTS systems and terrestrial networks ishighest. This is set to lead to lower operating margins, forcing theindustry to adapt to a new environment where satellite operatorshave no choice but to lower their pricing and increase theircommercial flexibility.

A more positive outlook for the FSS industry is foreseen after 2017as players are expected to have progressively adapted their strategyto a changing landscape. The overall market direction is towardsgreater satellite cost effectiveness through larger payloads, lowerlaunch costs and other cost-optimization options offered by recentinnovations. In the coming years the increasing competitiveness ofsatellite infrastructure, with HTS benefitting from a much lowerbreak-even point than regular payloads, should allow operators tomaintain decent returns on investment despite lower pricing.

*Excluding the benchmark analysis


ABOUT FSS OPERATORS BENCHMARKS & PERFORMANCE REVIEW\\ABOUT

FSS Operators – Benchmarks & Performance Reviewis the only assessment of all active and pre-operational FSS operators. The report includespublicly-listed and privately-held companies, globaland regional operators. The result is a detailed profileof each company, providing exclusive data, expertreview, and comprehensive analysis of both complexpublicly-available information and hard-to-obtainprivate information.

INDIVIDUAL PROFILES ANALYZINGEACH OF THE FSS OPERATORS

Asia Broadcast Satellite (ABS)APT Satellite

ArabsatArsat

Asia Satellite Avanti Communications

AzercosmosBoliviasat

China Satcom Echostar Satellite Services

Es’hailSatEutelsat

Gazprom Space SystemsHispasatIndosat

Insat/ISROIntelsat

SKY Perfect JSATKazSatKT Sat

MeasatMexsat

NigcomsatNilesatOptusPaksat

Telkom (Indonesia)RascomStar

RSCCSES (including O3b)

SingTelSpacecom

Star OneTelenorTelesat

ThaicomTurksat

VenesatViasat

VinasatYahSat

MINI PROFILESAngosat, Aniara, AoneSat, Bangabandhu,

BRI, Bulgaria Sat, Belintersat, Congosat, Laosat, NBN, Nicasat, OneWeb, PSN,

Supremesat, TNSA (Turkmensat), Ukrkosmos, Visiona

A MUST READ FOR…

1. Satellite Operators• Better understand competitors including their strategy,

business applications, customers• Benchmark commercial and financial performance• Explore partnership opportunities with other operators

2. Satellite manufacturers & launch service providers• Review of performance & future strategies of key

customers or potential future customers • Comprehensive list of satellite fleets for each operator

with details on payloads, manufacturer & launch service providers

• Future outlook of operator satellite procurement plans

3. Financial institutions & investors• Comprehensive assessment of potential investment

opportunities• Detailed review of historical financial performance• Key performance indicators and benchmark analysis• Understand the current & potential future Capex needs

4. Satellite service providers• Complete review of major suppliers• List of current & planned satellites with coverage area• Review of major customers of each operator

NEW!

NEW MINI PROFILES

Kacific, LeoSat


FSS OPERATOR PROFILE CONTENT

1. BACKGROUND & KEY PERFORMANCE INDICATORS:Year of establishment, principal company milestones& key activities, recent corporate news. Performanceindicators in 2015 such as revenues, number ofbroadcast channels, number of leased transponders,etc. compared with the industry average.

2. BUSINESS MIX:Overview of transponders usage and revenue splitby region and by application (voice & data, videodistribution, video contribution).

3. FINANCIAL PERFORMANCE:Review and analysis of operator’s financialperformance over the last five years; total revenue,EBITDA, EBIT, net income, operating cash flow,capex, backlog, etc. Includes results up to mid-year2016.

4. PERFORMANCE EVOLUTION:Review of the business performance indicators since2013 including revenue per transponder and fillrates.

5. CUSTOMER PORTFOLIO:Overview of key telecom and video customers, list ofchannels by Orbital position and recent contractannouncements.

6. SATELLITE FLEET & CAPACITY:Description of operator’s current and plannedsatellite fleet including date of launch, payload,manufacturer, launch vehicle, coverage area of eachsatellite and primary usage anchor customers.Additional capacity leased from third partyoperators is also highlighted. The primary usageand anchor customers of each individual satelliteare also highlighted.

THE ONLY COMPLETE SURVEY OF FSS OPERATORSCompanies operating or planning to operate a dedicated satellite system for the provision of transmission and broadcasting capacities to third parties are reviewed and analyzed in detail. Each company profile contains nine detailed sections, including:

FSS OPERATORS - BENCHMARKS & PERFORMANCE REVIEW 9TH Edition (2016)


$276 MILLION IN REVENUE IN 2015

170 transponders leased of which 58% are

used for video applications

883 TV channels including 190 HD channels and 4 DTH pay-TV platforms broadcast over satellite

6 satellites in orbit with an average fleet age of 7 years,

1 satellite with an HTS payload, 2 satellites under

construction

170Regular

Transponders

883TV channels

221Regular

Transponders

6Satellites

PORTRAIT OF THE AVERAGE FSS OPERATOR:

221 regular transponders and 12 Gbps of HTS

capacity available for lease

Revenues Regular transponder demand Operators business mix (video vs. telecom) Number of TV channels Number of DTH Platforms Regular transponder supply Average revenue per transponder HTS capacity Fleet size Fleet number Fill rates Number of satellites to be launched Number of satellites to reach end of life

BENCHMARK ANALYSIS OF KEY PERFORMANCE INDICATORS:



ADDITIONAL REPORT FINDINGS INCLUDE:

21 operators had revenue of more than $100 million, representing around 93% of all FSS operator revenues

Close to 45% of all FSS operators increased the number of regular transponders leased throughout 2015

12 operators had fill rates of 80% or more, seven of which had fill rates of 90% or more

Nearly 40,100 TV channels and more than 150 DTH pay-TV platforms were broadcast by satellite



Celebrating over 30 years of expertise

Euroconsult is the leading global consulting firm specializing in space markets. As aprivately-owned, fully independent firm, we provide first-class strategic consulting,develop comprehensive research, and organize executive-level annual summits for thesatellite industry. With 30 years of experience, Euroconsult is trusted by 600 clients inover 50 countries. We rely on a multi-cultural team of over 30 full-time experts based inFrance, the U.S., Canada & Japan.

EUROCONSULT THOUGHT LEADERSHIP \\

EUROCONSULT RESEARCH

Over the past 30 years, Euroconsult hasmaintained an unparalleled expertise in assessingtrends in satellite services and in the digitalbroadcasting industry. We collect, update andassess on a yearly basis detailed market, industry,policy, program and financial informationinternationally. We have developed proprietarydatabases and forecast models that aresystematically applied and are central to thepublication of thematic research reports. Theconsistency of the approach is an essential qualitytrusted by leading organizations that are regularusers over the years.

Euroconsult research focuses on the assessment ofthe industry including its structure, market players,revenues and dynamics. Research reports includelong-term trends, commercial/ programmatic

and economic benchmarking, up-to-dateinformation, and ten year forecasts supported bykey ratios. With research published on an annualand biennial basis, these surveys have been usedas reference tools by most public and privatestakeholders involved in our sectors of expertise.

Industrial companies Government programs & policies Satellite communications Earth observation Digital broadcasting and more...

We are trusted experts in the satellite industry,advising the world’s leading businesses andgovernments.

OTHER SPACE RESEARCH PROVIDED BY EUROCONSULTVisit our Online Store at euroconsult-ec.com/shop

Satellite Communications & Broadcasting Markets SurveyHigh Throughput Satellites: Vertical Market Analysis & Forecasts

Prospects for In-Flight Entertainment and ConnectivityProspects for the Small Satellite Market

Top NewSpace Startups to Watch


Please complete this form and return by e-mail to [email protected] or by fax to + 33 1 48 05 54 39. If you have any questions aboutordering, would like to enquire about specific corporate licenses orwould like to order for multiple locations and/or legal entities, pleasecontact [email protected] or call +1 (514) 303-0304. Allprices are in Euros. All orders must be prepaid (if not possible, pleasecontact us). Applicable VAT taxes will be added in Euros.

Payment Information

Company VAT no (required for all companies)

Credit Card

VISA Mastercard AMEX

Cardholder Name (as it appears on card)

Cardholder Number

Expiration Date (month/year) | Cryptogram (last 3 digits on the back)

Cardholder’s Signature

Bank Transfer (All bank charges are to be paid by the sender)

to EUROCONSULT, please NOTE IMPERATIVELY:Swift-BIC code: CM CI FR PPIBAN: FR76 3006 6109 1500 0200 6760 132Account n° 00020067601CIC Nanterre Enterprises, 105 Rue des 3 Fontanot, 92022 Nanterre Cedex, France.

Cheque or Money Order EnclosedPayable to Euroconsult:86 Blvd. Sebastopol, 75003 Paris, France

Accounting Dept. E-mail:

2

3

Invoicing Address (Please use capital letters)

First name ___________________________________________

Last name ____________________________________________

Company name _______________________________________

Occupation ___________________________________________

Address ______________________________________________

Zip Code ____________________ City __________________

State _______________________ Country ______________

Phone ______________________ Fax __________________

E-mail _______________________________________________

4


Product Price Total

Full report (PDF) € 4,500

Individual profiles (PDF) € 1,000

Two profiles (PDF) € 2,000

Three profiles (PDF) € 3,000

Enterprise license (PDF) € 11,250

VAT if applicable companies based in France must add VAT 20%

Product Total in Euros (€)

1

Delivery Address (If different from invoicing address)

First name ___________________________________________

Last name ____________________________________________

Company name _______________________________________

Occupation ___________________________________________

Address ______________________________________________

Zip Code ____________________ City __________________

State _______________________ Country ______________

Phone ______________________ Fax __________________

E-mail _______________________________________________

5

TO ORDER ONLINE PLEASE VISIT EUROCONSULT-EC.COM/SHOP

ORDER FORM (1/2) (COPYRIGHT ON REVERSE SIDE IS MANDATORY)


Please complete and return the order form & copyright agreement by e-mail to [email protected] or fax to+ 33 1 48 05 54 39. Each team user must sign a copy of the copyright agreement. Please complete the information below foreach user of the research report.

Research Report User

First name _________________________________

Last name __________________________________

Company __________________________________

Occupation ________________________________

E-mail ____________________________________

Date ______________________________________

SIGNATURE: _______________________________

COPYRIGHT AGREEMENT(2/2)

Please read this license agreement carefully. By using the research files, you are agreeing

to adhere by the terms of this license.

SINGLE-USER LICENSE*

a) This product is licensed only for a team working together on a project, working on the same site in the samecompany. The person signing this agreement is responsible for the use of the research files. Euroconsult must beinformed of all users of the research files before use. The information may not be shared with other companysites or other work teams in the same or other companies in any form, neither photocopied nor reproduced,including for internal use. The content of the research files may not be stored, transferred, or copied to any typeof electronic storage device.

b) No part or extract, in any format whatsoever, must be transmitted to any other organization, includingcooperative entities and subsidiaries. All licenses purchased at the additional license price are for internal useonly by the organization ordering (same company name, same location as indicated on original order form).Euroconsult must be informed of the users of the additional licenses purchased.

c) All data or information extracted from the research files for use in other documents must rightfully use thecopyright reference: Euroconsult, name of report, year. Before any other use of the information contained in theresearch files, prior written consent by Euroconsult is required.

d) This Agreement shall in all respects be governed by the laws of the Republic of France. The user agrees thatthe proper jurisdiction and forum for the resolution of any claim arising under this license shall be atEuroconsult’s sole option.

*Please contact us for the copyright agreement associated with the Enterprise license.

Research Report User (For additional user)

First name _________________________________

Last name __________________________________

Company __________________________________

Occupation ________________________________

E-mail ____________________________________

Date ______________________________________

SIGNATURE: _______________________________

TO ORDER ONLINE PLEASE VISIT EUROCONSULT-EC.COM/SHOP


fss operators - euroconsulteuroconsult-ec.com/research/fss-operators-2016-brochure.pdf · fss...

Documents