• Second quarter revenue of $598.1 million
• Second quarter net income attributable to Intelsat S.A. of $60.2 million
• Net income per diluted common share of $0.47; Adjusted net income per diluted common share of $0.70
• EBITDA of $462.3 million and Adjusted EBITDA of $473.4 million, or 79 percent of revenue
• $9.5 billion contracted backlog provides visibility for future revenue and cash flow
• Launch schedule for Intelsat EpicNG® program and other satellites unchanged
• Intelsat reaffirms its 2015 revenue and Adjusted EBITDA financial outlook; milestone timing shifts some of our 2015 capital expenditures to 2016

Luxembourg | July 30, 2015– Intelsat S.A. (NYSE: I), the world’s leading provider of satellite services, today reported total revenue of $598.1 million and net income attributable to Intelsat S.A. of $60.2 million, or $0.47 per common share on a diluted basis, for the three months ended June 30, 2015. The company reported adjusted net income per diluted common share1 of $0.70 for the three months ended June 30, 2015.

Intelsat S.A. reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization, of $462.3 million, or 77 percent of revenue, and Adjusted EBITDA1 of $473.4 million, or 79 percent of revenue, for the three months ended June 30, 2015.

Intelsat CEO, Stephen Spengler, said, “Overall, Intelsat delivered a solid second quarter with revenues of $598 million. Contract renewals in each of our network services, media and government businesses are within our expectations for the year and include promising contract expansions that use traditional and next generation Intelsat EpicNG services. As a result, today we are re-affirming our guidance for 2015 revenue and Adjusted EBITDA. Our guidance also reflects the shifting of some of our 2015 capital expenditures to 2016, due to timing of milestone achievements.

“Progress on our operational priorities allows us to position for a return to growth over the long term. We are continuing to leverage sector innovations that will differentiate our services and enable us to address new and faster growing applications and vertical markets. In June 2015, we announced an alliance with OneWeb’s proposed low earth orbit satellite platform, which will be interoperable with our Intelsat EpicNG fleet. This will create the first and only fully global, pole-to-pole high throughput satellite system, providing increased differentiation of our mobility networks and government services. We continued our work on introducing new services in the second quarter, announcing IntelsatOne® Flex, a fully-managed infrastructure service for the mobility sector. IntelsatOne Flex gives our customers flexibility to better manage capacity for geographic expansion and surge requirements.”

Spengler continued, “Our expected satellite launches from August 2015 through the first quarter of 2016 ­— Intelsat 34, Intelsat 29e, and Intelsat 31 — remain on track, even after accounting for disruptions in the launch sector. We expect that the successful entry into service of these satellites will refresh existing capacity and provide significant incremental inventory, supporting the growth strategies of our media, network services and government businesses.”

To read the full version of the earnings release, including detailed financial results, please download the Earnings Release.

To read the new Quarterly Commentary, including business trends, please download the Quarterly Commentary.

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1In this release, financial measures are presented both in accordance with GAAP and also on a non-GAAP basis. EBITDA, Adjusted EBITDA, free cash flow from operations, Adjusted net income per diluted common share attributable to Intelsat S.A. and related margins included in this release are non-GAAP financial measures. Please see the consolidated financial information below for information reconciling non-GAAP financial measures to comparable GAAP financial measures.

Q2 2015 Quarterly Commentary
As previously announced, Intelsat is providing a detailed quarterly commentary on the company’s business trends and financial performance prior to the live earnings call. Please visit intelsat.com/investors for management’s commentary on the company’s progress against its long-term strategic priorities and outlook for 2015.

• Phasor’s ultra thin, phased array antennas optimized for the Intelsat Epic NG® platform will enable high performing, cost efficient Ku-band broadband connectivity; offering service providers and aircraft operators catering to civil and government small-jet markets greater access, flexibility and choice for their broadband connectivity needs in the sky
  Washington DC | March 16, 2015– Building upon the company’s recent investments in innovative antenna technology and platforms, Intelsat S.A. (NYSE:I), the world’s leading provider of satellite services, announced today that it signed an agreement to co-design and produce an ultra-thin, active phased array, Ku-band satellite antenna solution with Phasor Inc., a leading developer of high throughput, modular, electronically steerable antennas (ESAs).

The innovative Ku-band antennas will be developed exclusively for Intelsat and optimized for the Intelsat EpicNG high throughput satellite (HTS) platform, the first satellite of which is expected to launch in the first quarter of 2016. This also marks the first cost-effective fuselage-mount Ku-band antenna suitable for installation on civil and government small-jets, which represent an underserved segment of the fast-growing aviation broadband market.

According to recent research reports, the civil and government small-jet markets are expected to experience significant growth, particularly in the developing markets around the world. EuroConsult reports: “The number of business jets is expected to grow from 18,400 in 2013 to 26,200 in 2023.” Seventy-five percent of civil small-jet passengers are high-level corporate executives who consider these aircraft “offices in the sky” with a need for broadband service that is as important in the air as it is in the workplace on the ground. When used in conjunction with Intelsat EpicNG Ku-band satellites, the Phasor antenna technology is expected to enable broadband speeds to small-jets of over 15Mbit/s to the aircraft and 5 Mbit/s from the aircraft.

Stephen Spengler, Intelsat’s Deputy Chief Executive Officer, said, “The high power of the Intelsat EpicNG platform combined with Phasor’s innovative antenna technology will unlock new market opportunities for both companies in the aviation sector. Today’s business and leisure travelers are demanding broadband connectivity in-flight in order to maximize their time and productivity so that they can keep up in today’s fast moving environment. Together, Intelsat and Phasor will provide service providers and aircraft manufacturers with more flexibility and choice as we help deliver high-speed broadband connectivity to passengers and aircraft operations that is efficient and highly reliable.”

Phasor’s ultra-thin, fuselage-mount active array antenna is expected to deliver significantly higher broadband speeds to civil and government small-jets via Intelsat EpicNG Ku-band satellites. The antenna’s small size and low profile allows for easy integration onto small-jet aircraft’s structure. Being fully electronic, the antenna will be able to seamlessly and reliably steer to beams on Intelsat’s global Ku-band satellite fleet. The unique size and scalability of the Phasor antenna will allow service providers and aircraft operators to create a very high gain antenna array and RF performance resulting in dramatically higher speed broadband connectivity and greater geographical coverage at a much lower installation and operating cost.

David Helfgott, CEO of Phasor, commented, “We are very pleased to partner with Intelsat and bring to the Small-Jet Aviation Marketplace a unique solution designed to meet the ever-growing demands for mobile broadband service. Combined with Intelsat’s innovative EpicNG satellite constellation, these markets for the first time will experience high bandwidth services enabled by a truly revolutionary antenna solution.”

• Phasor’s ultra thin, phased array antennas optimized for the Intelsat EpicNG® platform will enable high performing, cost efficient Ku-band broadband connectivity; offering service providers and aircraft operators catering to civil and government small-jet markets greater access, flexibility and choice for their broadband connectivity needs in the sky

Luxembourg and Washington DC | March 16, 2015– Intelsat S.A. (NYSE: I), the world’s leading provider of satellite services, today announced the completion of a series of tests demonstrating the compatibility of the Intelsat EpicNG digital payload with existing ground equipment platforms. The digital payload is one of many unique design features on the company’s Intelsat EpicNG satellites, the first of which, Intelsat 29e, is scheduled to launch in the first quarter of 2016.

Building upon the company’s recent investments in innovative antenna technology and platforms, Intelsat S.A. (NYSE: I), the world’s leading provider of satellite services, announced today that it signed an agreement to co-design and produce an ultra-thin, active phased array, Ku-band satellite antenna solution with Phasor Inc., a leading developer of high throughput, modular, electronically steerable antennas (ESAs).

The innovative Ku-band antennas will be developed exclusively for Intelsat and optimized for the Intelsat EpicNG high throughput satellite (HTS) platform, the first satellite of which is expected to launch in the first quarter of 2016. This also marks the first cost-effective fuselage-mount Ku-band antenna suitable for installation on civil and government small-jets, which represent an underserved segment of the fast-growing aviation broadband market.

According to recent research reports, the civil and government small-jet markets are expected to experience significant growth, particularly in the developing markets around the world. EuroConsult reports: “The number of business jets is expected to grow from 18,400 in 2013 to 26,200 in 2023.” Seventy-five percent of civil small-jet passengers are high-level corporate executives who consider these aircraft “offices in the sky” with a need for broadband service that is as important in the air as it is in the workplace on the ground. When used in conjunction with Intelsat EpicNG Ku-band satellites, the Phasor antenna technology is expected to enable broadband speeds to small-jets of over 15Mbit/s to the aircraft and 5 Mbit/s from the aircraft.

Stephen Spengler, Intelsat’s Deputy Chief Executive Officer, said, “The high power of the Intelsat EpicNG platform combined with Phasor’s innovative antenna technology will unlock new market opportunities for both companies in the aviation sector. Today’s business and leisure travelers are demanding broadband connectivity in-flight in order to maximize their time and productivity so that they can keep up in today’s fast moving environment. Together, Intelsat and Phasor will provide service providers and aircraft manufacturers with more flexibility and choice as we help deliver high-speed broadband connectivity to passengers and aircraft operations that is efficient and highly reliable.”

Phasor’s ultra-thin, fuselage-mount active array antenna is expected to deliver significantly higher broadband speeds to civil and government small-jets via Intelsat EpicNG Ku-band satellites. The antenna’s small size and low profile allows for easy integration onto small-jet aircraft’s structure. Being fully electronic, the antenna will be able to seamlessly and reliably steer to beams on Intelsat’s global Ku-band satellite fleet. The unique size and scalability of the Phasor antenna will allow service providers and aircraft operators to create a very high gain antenna array and RF performance resulting in dramatically higher speed broadband connectivity and greater geographical coverage at a much lower installation and operating cost.