Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Q4 2021 Earnings Conference Call March 3, 2022 10:00 AM ET Company Participants Bob Udell – President and Chief Executive Officer Jennifer Spaude – Senior Vice President-Investor Relations and Corporate Communications Steve Childers – Chief Financial Officer Conference Call Participants Michael Rollins – Citi Jason Kim – Goldman Sachs Ana Goshko – Bank of America Operator Good morning. My name is Shauntel, and I will be your conference operator today ...

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Q3 2021 Earnings Conference Call October 28, 2021 10:00 AM ET Company Participants Jennifer Spaude – Senior Vice President-Investor Relations and Corporate Communications Bob Udell – President and Chief Executive Officer Steve Childers – Chief Financial Officer Conference Call Participants Jason Kim – Goldman Sachs Greg Williams – Cowen and Company Michael Rollins – Citi Eric Luebchow – Wells Fargo Operator My name is Julie and I will be your conferen ...

Investment and Financing - Searchlight Capital Partners committed to invest up to $425.0 million, enabling the company to enhance its fiber infrastructure and upgrade approximately 1.6 million passings over the next five years[27]. - The company has received a total investment commitment of $425 million from Searchlight, with $350 million already invested, representing approximately 24.5% of the company's outstanding common stock[57][59]. - The second stage of the investment from Searchlight, amounting to an additional $75 million, is expected to close later this year, pending regulatory approvals[58][60]. - The company completed a refinancing of long-term debt, issuing $2,250 million in new secured debt[155]. - The company issued $400 million of 5.00% Senior Notes due 2028 on March 18, 2021, to repay a portion of outstanding Term Loans[93]. - The company incurred a loss of $12.0 million on the extinguishment of debt related to the repayment of $397.0 million of outstanding term loans during the nine months ended September 30, 2021[211]. Revenue and Earnings - Total operating revenues for the quarter ended September 30, 2021, were $318.584 million, a decrease from $327.066 million in the same quarter of 2020[44]. - For the quarter ended September 30, 2021, the company reported a net loss of $4.481 million compared to a net income of $14.582 million for the same quarter in 2020[56]. - The diluted earnings per share (EPS) for the quarter was $(0.05), a decrease from $0.20 in the same quarter of the previous year[56]. - Adjusted EBITDA for the quarter was $127.4 million, down $4.8 million (4%) from $132.2 million in the previous year[165]. - EBITDA for Q3 2021 was $117.4 million, down from $131.0 million in Q3 2020; nine-month EBITDA was $245.9 million, compared to $397.3 million in the same period in 2020[222]. - Adjusted EBITDA for Q3 2021 was $127.4 million, slightly down from $132.2 million in Q3 2020; nine-month adjusted EBITDA was $380.7 million, compared to $396.9 million in 2020[222]. Assets and Liabilities - Accounts receivable, net, increased to $133.524 million as of September 30, 2021, compared to $119.076 million as of September 30, 2020[45]. - Contract liabilities rose to $62.210 million as of September 30, 2021, from $56.086 million as of September 30, 2020[45]. - As of September 30, 2021, the company held $154.963 million in short-term investments, primarily in held-to-maturity debt securities[66]. - Long-term debt increased to $2.115 billion as of September 30, 2021, compared to $1.933 billion at December 31, 2020[81]. - The fair value of long-term debt, excluding finance leases, was $2.225 billion as of September 30, 2021, compared to $2.040 billion at December 31, 2020[78]. - The estimated fair value of the contingent payment obligation (CPR) was $105.8 million as of September 30, 2021, down from $123.2 million at the end of 2020[75]. Operational Performance - The company plans to upgrade approximately 300,000 homes and small businesses in 2021 as part of its fiber build plan[27]. - The company plans to upgrade approximately 1.6 million passings over five years to enable multi-Gig capable services[147]. - The company operates an advanced fiber network spanning approximately 50,000 fiber route miles across a 23-state service area, focusing on broadband and business communications[142]. - Commercial and carrier services are the largest source of operating revenues and are expected to be key growth areas in the future[143]. - Total video connections decreased by 14% as of September 30, 2021, compared to the same date in 2020[148]. - Total voice connections decreased by 7% as of September 30, 2021, compared to 2020[149]. Tax and Regulatory Matters - The effective tax rate for the quarter ended September 30, 2021, was 1,047.9%, significantly higher than 23.9% for the same quarter in 2020, primarily due to non-cash adjustments related to the Searchlight and Ohio transactions[131]. - The company has reserved $0.8 million and $1.6 million for potential additional tax liabilities related to ongoing audits for its subsidiaries[135]. - The company does not expect any material change in its unrecognized tax benefits during the remainder of 2021, which stood at $4.9 million as of September 30, 2021[125]. Impairments and Losses - The company recognized an impairment loss of $5.7 million during the quarter and nine months ended September 30, 2021, related to assets held for sale[36]. - The company recognized a loss of $99.6 million on the increase in the fair value of the contingent payment right (CPR) during the nine months ended September 30, 2021[63]. - The company recorded a $5.7 million impairment loss related to noncash goodwill during the quarter due to the Ohio transaction[218]. Cash Flow and Investments - Cash flows from operating activities for the nine months ended September 30, 2021, were $295.98 million, compared to $297.35 million in the same period in 2020[225]. - Cash used in investing activities for the nine months ended September 30, 2021, was $(493.13) million, significantly higher than $(144.81) million in 2020[225]. - Cash provided by financing activities for the nine months ended September 30, 2021, was $140.27 million, compared to $(65.21) million in the same period in 2020[225].

Cowen 7th Annual Communications Infrastructure Summit Aug. 10, 2021 NASDAQ: CNSL | www.consolidated.com Safe Harbor The Securities and Exchange Commission ("SEC") encourages companies to disclose forward-looking information so that investors can better understand a company's future prospects and make informed investment decisions. Certain statements in this communication are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-51446 | --- | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------- ...

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Q2 2021 Results Earnings Conference Call July 29, 2021 10:00 AM ET Company Participants Jennifer Spaude - SVP, Corporate Communications & IR Bob Udell - President, CEO Steven Childers - CFO & Treasurer Conference Call Participants Greg Williams - Cowen Eric Luebchow - Wells Fargo Ana Goshko - Bank of America Operator I would like to welcome everyone to the Consolidated Communications Second Quarter Earnings Conference Call. Please be advised that toda ...

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Q1 2021 Earnings Conference Call April 29, 2021 10:00 AM ET Company Participants Jennifer Spaude - SVP, Corporate Communications & IR Robert Udell - President, CEO & Director Steven Childers - CFO & Treasurer Conference Call Participants Gregory Williams - Cowen and Company Eric Luebchow - Wells Fargo Securities Michael Rollins - Citigroup Rob Williams - Octagon Credit Investment Operator Good morning. My name is Tamika, and I will be your conference ...

Q1 2021 Earnings April 29, 2021 tions NASDAQ: CNSL | www.consolidated.com Safe Harbor The Securities and Exchange Commission ("SEC") encourages companies to disclose forward-looking information so that investors can better understand a company's future prospects and make informed investment decisions. Certain statements in this communication are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These forward-looking statements ref ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-51446 CONSOLIDATED COMMUNICATIONS HOLDINGS, INC. (Exact name of registrant as specified in its charter) | --- | --- | |------------------------------ ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Safe Harbor The Securities and Exchange Commission ("SEC") encourages companies to disclose forward-looking information so that investors can better understand a company's future prospects and make informed investment decisions. Certain statements in this communication are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation ...