| Bell Aliant at a glance |
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On July 7, 2006, the Bell Aliant Regional Communications Income Fund (also known as Bell Aliant) was created; one of the largest regionally focused communications service providers in North America.
Bell Aliant operates in six Canadian provinces: Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island and regions of Ontario and Quebec, providing innovative information, communications and technology services that include voice, data, Internet, video and value-added business solutions. Through our IT division, xwave, we provide
IT professional services.
Our employees are committed to providing our customers with the highest level of service, choice and convenience. Bell Aliant is focused on building long-term value for our unitholders through customer relationships that last a lifetime.
Bell Aliant expects to convert to a corporate structure on or by January 1, 2011 as it becomes subject to income tax.
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| Quick Facts |
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Large Scale: third largest incumbent local exchange carrier in Canada |
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Geographically diverse: population served: 5.3
million Canadians |
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2009 revenue : $3.2 billion |
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BCE/Bell Canada interest in Bell Aliant: 44% |
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Focus on regional markets |
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Broadband growth strategy based on expanding fibre technology to grow IPTV and Internet business |
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Large customer base |
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Predictable capital expenditures |
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Investment-grade credit ratings |
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Strong, predictable cash flows |
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| Stock information (as of September 30, 2010) |
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| Symbol |
BA.UN |
| Listings |
TSX |
| Units outstanding |
127.3 million |
| BCE/Bell Exchangeable Units |
100.4 million |
| Fully diluted units |
228.4 million |
| Market Capitalization |
$6.4 billion |
| Distributions |
$0.2417 per month or
$2.90 per year |
| Yield |
10.3 % |
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| Credit ratings (long term debt) |
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| DBRS: |
BBB (high) |
| S&P: |
BBB |
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| Stability rating (units) |
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| DBRS: |
STA-2 (high) |
| S&P: |
SR-2, stable (moderate) |
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| Quarterly Earnings Release (dates are tentative and subject to change) |
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| 2010 |
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| Q1 |
May 4, 2010 |
| Q2 |
July 28, 2010 |
| Q3 |
November 3, 2010 |
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| Distribution Schedule 2010 (subject to Board approval) |
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| Record Date |
Payment Date |
| January 29 |
February 15 |
| February 26 |
March 15 |
| March 31 |
April 15 |
| April 30 |
May 14 |
| May 31 |
June 15 |
| June 30 |
July 15 |
| July 30 |
August 13 |
| August 31 |
September 15 |
| September 30 |
October 15 |
| October 29 |
November 15 |
| November 30 |
December 15 |
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| Summary Financial Information* (millions) |
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Q4 |
Year to date |
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2009 |
Y/Y Change |
2009 |
Y/Y Change |
| Revenue |
$786 |
(2.2%) |
$3,174 |
(2.2%) |
| EBITDA ** |
$366 |
0.0% |
$1,466 |
1.1% |
| Capital Expenditures |
$121 |
(27.5%) |
$ 465 |
(11.8%) |
| Distributable Cash ** |
$183 |
24.8% |
$ 773 |
8.1% |
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| Operating Highlights |
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| thousands |
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| Network access services |
2,926 |
(5.0%) |
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| High speed internet subscribers |
810 |
7.0% |
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| Analyst Coverage |
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| Beacon Securities |
Michael Mills |
| BMO Nesbitt Burns |
Peter Rhamey |
| CIBC |
Bob Bek |
| Desjardins Securities |
Maher Yaghi |
| Genuity Capital Markets |
Dvai Ghose |
| GMP Securities |
Peter MacDonald |
| Merrill Lynch/Bank of America |
Glen Campbell |
| National Bank Financial |
Greg MacDonald |
| RBC Capital Markets |
Jonathan Allen |
| Scotia Capital Markets |
Jeff Fan |
| TD Newcrest |
Vince Valentini |
| UBS |
Phil Huang |
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| Financial Outlook |
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| $ millions |
2010E |
| Revenue |
$3,050 - $3,150 |
| Capital Intensity** |
14.0% - 15.0% |
| Distributable Cash |
$750 - $790 |
Caution about forward-looking statements
This Fact Sheet contains forward-looking statements concerning anticipated future events, results, circumstances or expectations which are subject to important risks, uncertainties and assumptions. For a description of the risks, uncertainties and assumptions underlying these statements, please refer to the Bell Aliant Income Fund and Bell Aliant Holdings LP fourth quarter 2009 MD&As and the cautionary statements contained therein regarding forward-looking information, all as filed on SEDAR and available at our website at bellaliant.ca. |
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| Transfer Agent |
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CIBC Mellon
(800) 387-0825 or
(416) 643-5500
inquiries@cibcmellon.com |
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*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 principles (GAAP). Please refer to Bell Aliant’s 2009 fourth quarter MD&A for more detail including a reconciliation of these non-GAAP measures to the most comparable GAAP measures.
For more information, contact:
Investor Relations
Tel: (877) 248-3113
Email: investors@bellaliant.ca
 Printable version
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