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Zayo Group Holdings, Inc. Reports Financial Results For The First Fiscal Quarter Ended September 30, 2015

The following excerpt is from the company's SEC filing.

First Fiscal Quarter 2016 Financial Highlights

Zayo Group generated quarterly revenue of $366.8 million, a $4.9 million increase from the previous quarter, representing 5% annualized sequential growth;

Adjusted EBITDA for the first fiscal quarter was $215.4 million, which was $4.5 million higher than the prior quarter, representing 9% annualized sequential growth;

Net loss for the first fiscal quarter was ($15.2) million, which was $20.3 million lower than the prior quarters net income of $5.1 million;

Basic and diluted net loss per share during the first fiscal quarter was ($0.06). < br>

– Zayo Group Holdings, Inc. (“Zayo” or “the Company”) (NYSE: ZAYO), a leading provider of bandwidth infrastructure and network-neutral colocation and connectivity services, announced results for the three months ended September 30, 2015. First fiscal quarter revenue of $366.8 million grew 5% over the previous quarter on an annualized basis. Adjusted EBITDA of $215.4 million increased 9% over the previous quarter on an annualized basis. Operating income for the quarter decreased $2.6 million from the previous quarter, and net income decreased by $20.3 million from the previous quarter.

During the three months ended September 30, 2015, capital expenditures were $159.2 million and the Company added 1,629 route miles and 555 buildings to the network. As of September 30, 2015, the Company had $345.7 million of cash and $440.8 million available under its revolving credit facility.

Financial Results

Three Months Ended September 30, 2015 and June 30, 2015

($ in millions)

Three months ended

Revenue

Annualized revenue growth

(Loss/)earnings from operations before income taxes

Provision for income taxes

Net (loss)/income

Annualized Adjusted EBITDA growth

Adjusted EBITDA margin

Unlevered free cash flow

Levered free cash flow

Three Months Ended September 30, 2015 and September 30, 2014

Revenue growth

Operating income/(loss)

Loss from operations before income taxes

(101.1

(110.5

Conference Call

Zayo will hold a conference call to report first fiscal quarter 2016 results at 10:00 a.m. EST, November 10, 2015. The dial in number for the call is 800-757-8473. A live webcast of the call can be found in the investor relations section of Zayo’s website or can be accessed directly at

https://cc.readytalk.com/cc/s/registrations/new?cid=x6lw7vtn...

. During the call, the Company will review an Earnings Presentation that summarizes the financial, operational and commercial highlights of the quarter, which can be found at

http://investors.zayo.com/earnings-releases

. The Company’s Supplemental Earnings Information presentation will be made available in the investor relations section of Zayo’s website later in the day after market close.

About Zayo

Zayo Group Holdings, Inc. (NYSE: ZAYO) provides bandwidth infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 87,000-mile network in the U.S. and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud services in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com.

Forward Looking Statements

Information contained in this supplemental presentation that is not historical by nature constitutes “forward-looking statements” which can be identified by the use of forward-looking terminology such as “believes,” “expects,” “plans,” “intends,” “estimates,” “projects,” “could,” “may,” “will,” “should,” or “anticipates” or the negatives thereof, other variations thereon or comparable terminology, or by discussions of strategy. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. Such statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those relating to the Company’s financial and operating prospects, current economic trends, future opportunities, ability to retain existing customers and attract new ones, outlook of customers, and strength of competition and pricing. In addition, there is risk and uncertainty in the Company’s acquisition strategy including our ability to integrate acquired companies and assets. Specifically there is a risk associated with our recent acquisitions, and the benefits thereof, including financial and operating results and synergy benefits that may be realized from these acquisitions and the timeframe for realizing these benefits. Other factors and risks that may affect our business and future financial results are detailed in the “Risk Factors” section of our Annual...


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