"Q2 2009 Investor Fact Sheet"
Q2 2009 Investor Fact Sheet Bell Aliant at a glance Quick Facts On July 7, 2006, the Bell Aliant Regional Communi- • Large Scale: third largest incumbent local exchange cations Income Fund (also known as Bell Aliant) carrier in Canada was created; one of the largest regionally focused • Geographically diverse: population served: communications service providers in North America. 5.3 million Canadians • 2008 revenue : $3.3 billion Bell Aliant operates in six Canadian provinces: • Employees: 9,000 Nova Scotia, New Brunswick, Newfoundland and • Access to leading technology through relationship Labrador, Prince Edward Island and regions of with Bell Canada Ontario and Quebec, providing innovative information, • BCE/Bell Canada interest in Bell Aliant 44% communications and technology services that include • Focus on regional markets voice, data, Internet, video and value-added business • Growth strategy based on providing a superior solutions. Through our IT division, xwave, we provide customer experience IT professional services. • Strong local customer base • Stable revenue, EBITDA and margins Our employees are committed to providing our • Predictable capital expenditures customers with the highest level of service, choice • Investment-grade credit ratings and convenience. • Strong, predictable cash flows • Very good stability ratings Bell Aliant is focused on building long-term value for our unitholders through customer relationships that last a lifetime. Stock Information (as of June 30, 2009) Symbol BA.UN Quarterly Earnings Release Listings TSX Units Outstanding 127.2 million 2009 Dates are tentative and subject to change BCE/Bell Exchangeable Units 100.4 million Fully diluted units 228.1 million Q2 July 30 Market Capitalization $6.0 billion Q3 November 10 Distributions $0.2417 per month or Q4 TBC $2.90 per year Yield 11.0% Distribution Schedule 2009 (subject to Board approval) Record Date Payment Date Credit Ratings (long-term debt) January 30 February 13 DBRS BBB (High) February 27 March 13 S&P BBB March 31 April 15 April 30 May 15 May 29 June 15 June 30 July 15 July 31 August 14 Stability Rating (units) August 31 September 15 DBRS STA-2 (High) September 30 October 15 S&P SR-2, stable (moderate) October 30 November 13 November 30 December 15 December 31 January 15, 2010 Contact Investor Relations: (877) 248 3113 or email@example.com Q2 2009 Investor Fact Sheet Summary Financial Information* $ millions Q2 Year to date 2009 Y/Y Change 2009 Y/Y Change Revenue $ 790 (2.9%) $1,614 (2.1%) EBITDA ** $ 368 1.9% $ 724 1.3% Capital Expenditures $ 122 (4.3%) $ 230 3.1% Distributable Cash ** $ 187 1.8% $ 383 (1.8%) Operating Highlights thousands Network Access Services 3,023 (4.3%) High Speed Internet Subscribers 783 7.9% Analyst Coverage Financial Outlook Beacon Securities Michael Mills $ millions 2009E BMO Nesbitt Burns Peter Rhamey Revenue $3,180 - $3,280 CIBC Bob Bek Capital Intensity** 13.5% - 14.5% Desjardins Securities Joe MacKay Distributable Cash $750 - $790 Genuity Capital Markets Dvai Ghose GMP Securities Peter MacDonald Caution about forward-looking statements Merrill Lynch Glen Campbell This Fact Sheet contains forward-looking statements National Bank Financial Greg MacDonald concerning anticipated future events, results, RBC Capital Markets Jonathan Allen circumstances or expectations which are subject to Scotia Capital Markets John Fan important risks, uncertainties and assumptions. For a TD Newcrest Vince Valentini description of the risks, uncertainties and assumptions UBS Phil Huang underlying these statements, please refer to the Bell Aliant Income Fund and Bell Aliant Holdings LP 2008 annual MD&As, as updated by their interim MD&As for the first and second quarters of 2009, and the cautionary statements contained therein regarding Transfer Agent forward-looking information, all as filed on SEDAR and CIBC Mellon available at our website at bellaliant.ca. (800) 387-0825 (416) 643-5500 firstname.lastname@example.org *Summary financial information is for Bell Aliant Regional Communications Holdings, LP, the entity that holds the consolidated operations of Bell Aliant. **Non-GAAP Financial Measures: EBITDA, distributable cash and capital intensity do not have any standardized meaning prescribed by Canadian generally accepted accounting prin- ciples (GAAP). Please refer to Bell Aliant’s 2009 second quarter MD&A for more detail including a reconciliation of these non-GAAP measures to the most comparable GAAP measures. Contact Investor Relations: (877) 248 3113 or email@example.com