Windstream 2012 Annual Report Download - page 195

resulted in stable revenue and cash ow.
while ensuring we have an efcient cost structure. In support
our network. This included deploying ber deeper into our
capital investments to deploy ber to wireless towers and extend
through our federal stimulus projects. Both the ber to the
Third, we achieved signicant milestones integrating the PAETEC
former PAETEC markets have been rebranded and the combined
PAETEC synergies and completing a reorganization to streamline
our processes and improve efciency while lowering expenses.
And nally, we strengthened our balance sheet by renancing
certain maturities and high cost notes. Collectively, we reduced
$60 million and have improved our debt maturity prole by
addressing all signicant maturities though 2017.
in the form of our $1 annual dividend. April 15 will mark the 27th
expect the business and our cash ow to continue to support the
As a result of our progress to date and the opportunities we have
ahead, we enter 2013 with terric momentum. Our priorities
revenue and protability.
investments related to the ber to the tower projects,
reaching approximately 4,500 towers by year’s end. In
addition, we will nish most of our broadband stimulus
75,000 new households. As we exit 2013, capital spending
resulting in improved cash ow which provides continued
directing our excess free cash ow – after our dividend –
As we pursue our long-term strategic vision, we are
strategic vision and I am condent that we have the right people,
force in the marketplace for the long term. As always, I want to
thank our entire team for their diligent efforts. And, most of all,
President and Chief Executive Ofcer
GROWTH IN STRATEGIC
AREAS HELPING TO
OFFSET DECLINES IN
CONSUMER VOICE AND
WHOLESALE REVENUE
$6.2 BILLION
REVENUE
down 1% from 2011
STRATEGIC GROWTH AREAS NOW 70% OF REVENUESSTRATEGIC GROWTH AREAS NOW 70% OF REVENUES
Presented on a pro forma basis; *Product excludes business and consumer broadband product revenue
GOAL:
PRODUCE STABLE FREE
CASH FLOW AND
LONG-TERM SUPPORT
OF DIVIDEND
STRATEGY WE ARE EXECUTING TO DRIVE IMPROVED FINANCIAL PERFORMANCE
Accelerate
revenue growth
opportunities
Increase efciency
& optimize cost
structure
Pursue capital growth
investments within
our targeted 11-13%
of revenues
1 2 3
STRATEGY WE ARE EXECUTING TO DRIVE IMPROVED FINANCIAL PERFORMANCE
WELL-POSITIONED
WHY INVEST IN WINDSTREAM?
A TRANSFORMED COMPANY
WELL-POSITIONED STRENGTHS POWERFUL CASH FLOW
BUSINESS
A TRANSFORMED COMPANY
The New Windstream
• Successful repositioning in
growth segments driving
improved nancial performance
Leveraging Strong Platform
• National footprint, advanced
capabilities
• Cost discipline
• Capital efcient delivery model
Robust, Sustainable FCF
• Delivering solid FCF while
investing in our network
• Returning cash to our
shareholders in the form
of a $1 annual dividend
WHY INVEST IN WINDSTREAM?
Contacts
Transfer Agent:
Computershare Investor Services, LLC
2 North LaSalle Street
Chicago, IL 60602
800-697-8153
http://www.computershare.com/us/investor
Individual Shareholder Contact:
Genesis White
Staff Manager of Investor Relations and
Capital Markets
Windstream Corporation
4001 Rodney Parham Road
Little Rock, AR 72212-2442
Phone: [phone]
E-mail: [email protected]
Institutional Shareholder Contact:
Mary Michaels
Director of Investor Relations and
Capital Markets
Windstream Corporation
4001 Rodney Parham Road
Little Rock, AR 72212-2442
Phone: [phone]
E-mail: mary[email protected]
Old Windstream – 2006
• Rural, residential
• Declining revenues
• Regional
• Modest business sales
New Windstream – 2013+
• Successful repositioning in growth segments
• Stable revenue
• National footprint
• Strong business focus with advanced capabilities
• Capital efcient go to market strategy