EX-99.1 4 ex99_1.htm EX99.1
Exhibit 99.1
 
 Annual Shareholder MeetingMay 6, 2014  HickoryTech Corporationdoing business as 
 

 Certain statements and projections of future results made in this presentation constitute forward-looking information that is based on current market, competitive and regulatory expectations that involve risk and uncertainty. Except to the extent required by law, we undertake no obligation to update publicly any forward-looking statement after this presentation, whether as a result of new information, future events, changes in assumptions or otherwise. See our latest Forms 10-K and 10-Q for a discussion of risk factors as they relate to forward-looking statements. Today’s presentation includes certain non-GAAP financial measures. You are directed to our website at http://investor.hickorytech.comfor a reconciliation of these measures.   Safe Harbor Statement 
 

 Diane DewbreyBoard Chair  Welcome 
 

 Business MeetingCompany UpdateQuestions  Agenda 
 

 Board of Directors 
 

 Proposals 
 

 John FinkeEnventis President and CEO   Company Update 
 

 Executive Team 
 

 Transformation 
 

 Transformation 
 

 Transformation 
 

 1898  Mankato Citizens Telephone Company  1998  2014  Fargo-basedacquisition  2012  2006  2009  CP Telecom acquisition  2001  CLEC & ISP Expansion  Enventis acquisition  Digital TV Services  Transformation  Unified Brand  Cloud Services expansion  2010  Fiber network expansion 
 

 Employees  520  2013 Revenue  $189M  ENVE*65+ yrs of Dividends  NASDAQ  Years in Service  116  Regional Fiber Network  4,200fiber route miles  Business and Broadband Provider  2013 EBITDA  $47M  Enventis Today…  * Company’s future stock ticker symbol 
 

 Communicates the “new” Enventis as a leading, regional communications providerSimplifies public, investor, customer and employee communicationsRealizes full value of brand and marketing investments   Corporation and services aligned under one brand  Enventis – Unified Brand 
 

 Enventis Video 
 

 2013 Revenue$189 M  Strategic Revenue Growth  Business & Broadband*  Legacy Telecom  2006 Revenue$133 M  5.2%  *Broadband revenue is included in Telecom Segment; Legacy Telecom includes all Telecom Segment revenue except broadband revenue  
 

 EBITDA Diversification  Fiber & Data  Telecom, Corp Other  Equipment  2013 EBITDA$47 M  2006 EBITDA$34 M  4.7% 
 

 4,200 fiber route miles  Fargo, North DakotaNorthern MinnesotaMinneapolis-St. PaulSouthern MinnesotaNorthwest Iowa Des Moines, Iowa  Target Regions, Fiber Network 
 

 Fiber Access Networks  Improves customer experienceCreates capital and operational efficienciesProduces higher margins  Targeted Edge-Out Fiber Expansion Strategy  Long-haul network  Fiber Access Network 
 

 Enventis Cloud Services  ReliableScalableSimple  
 

 Diverse Customer Base  Extensive Service and Product Portfolio 
 

 David ChristensenSr. Vice President and Chief Financial Officer  Financial Overview 
 

 1898  Mankato Citizens Telephone Company  1998  2013  Fargo, NDIdeaOne expansion  2012  2006  2009  CP Telecom acquisition  2005  CLEC & ISP Expansion  Enventis acquisition  Transformation  1997 
 

 EBITDA  ($ in millions)  Revenue and Earnings  4.1%  Revenue  $56 million Revenue growth  $13 million EBITDA growth 
 

 Debt to EBITDA4.2 x  Debt to EBITDA 2.8 x  ($ in millions)Net Debt subtracts cash balance from outstanding debt.  Debt following historical patterns of decline, improving shareholder value  Debt Management 
 

 ($ in millions)  Cash balance of $8 M 12/31/13  Free Cash Flow: $9.5 M  Dividend Payout: 83% of FCF  2013 Free Cash Flow 
 

 More than 65 years of dividend payments  Shareholder Dividends  ($ rounded to nearest cent) 
 

 Stock Total Return  Comparison of 1-year cumulative total return  Peer index includes: LMOS, CNSL, FRT, CTL, WIN 
 

 Stock Total Return  Comparison of 8-year cumulative total return  Peer index includes: LMOS, CNSL, FRT, CTL, WIN 
 

 Key Strategic Initiatives  Growth through organic and strategic initiatives 
 

 Enventis Investment Strengths  Cash Flow  Growing EBITDAStrong Balance Sheet  Dividend Return  65+ years Dividend Return  Growth Goal  116-years of Financial StabilityAdaptable and Progressive   Proven Record  Diversified Revenue Shareholder Value 
 

 enventis.com  NASDAQ: ENVE  Thank You 
 

 Appendix  Reconciliation of Non-GAAP Measures 
 

 Appendix  Reconciliation of Non-GAAP Measures 
 

 Appendix  Reconciliation of Non-GAAP Measures 
 

 Appendix  Reconciliation of Non-GAAP Measures