JOL.~~' 'Wi!' ,

Declaration

~' ,.."" ...".,. .".~-

Please" asappropriate

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1 This submIssion has been reviewed and approved by the dMsional CFO

2 All pre-existing numbers which were provided by Financial Planning have been approved. Where queries arosethese have been raised and reso'ved wlt1'l Financial Planning

3 Any changes in Accounting treatments :,have been approved by Ruth Pirie (Europe) or Leo Stegman (rest ofWorld)

4 All financtal data in this submission ha~ been prepared in accordance with US GAAP

5 All intercompany cashflows have been agreed between the CFOs of both parties

6 An appropriate Director of Tax haS approved the tax flows and assumptions inherent In thIs forecast

7 Only acquiSitions and d"lsposals which are absolutely certain to take place are !ncluded in this submission. Suchacquisitions have been detailed separately on the templates provided

8 Capex Included In this submisslon Is cash capex, in aCCOrdance with US GAAP, unless acr:rued capex has beenspecifically requested by the Finandal f'lannlng Team

9 All data at the business unit level has been entered In the relevant local currendes and not included alreadytranslated Irlto EUR or USD .

10 No alterations have been made to the structure of the templates without the ageement of financial planning

11 The liquidity statement Input template mas been completed induding the acquisitions and investments detail

12 The balance sheet input template has been completed

13 The income statement, liquidity analysis and balance sheet submissions are consistent with each other (except fordifferenCes In the tlming of recogntion of acquisitions and disposals)

14 The Group Treasury team have agreed with all Interest flows, funding assumptions and cashflows in the data

BUdgel Template Puerto Rico 11..20_06 (2) Declaration

GleasonLGI.Sup. 000226

4

Budget Summary

....,.. -- ...".,. ""'" 'OM' ".c·' ....~" ••~.' • , ••:/ \ •.e' -.,-'1",'-' .,.,...•.i~J';"r.",,:, .••..J _ ~,.•~ ,,_ ,.,,,",' ~." ~ '"d' "'{f'

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-----------,-------------,---------+------.--~-_.__..----_._---_._---.---------,_._..r check ltils box to confirm that ltlls form hi!ls been completed and revle'Hed.

(/.ISD millions)

Revenue

aCF

Cash capex

TWC

FCF

Budget Initiatives

2006112BUdget Reforecast

BUdget Guidance RebasedCommentary

REDACTED - FOR PUBLIC INSPECnON

"'IAWL :l·~::B'.{llI"tn rnmilit'ZJ,: ,•••••••••••••••••.,·~·'li"il(il"~w:li'D[6"-I••'• •••••••••••••••••

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Budget Template Puerto Rico 11_:20_06 (2) Budget Summary Gleason LGI.Sup. 000227 5

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J ,J

II

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-

GleasonLGI.SUP.000229

Budget Template Puerto Rico 1'_20_06 {Z) Z007 BUdget!ns and Outs 7

'''M ,>."" "'_, ""'" .... " "',.'.,. "'l .... "ll!V "">1+'

Other KPI Analysis

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(USO,' RGUS/CU5!omers thOu5ands)

ARPU pet ClIStomer

ARPU per RGU

AnalO9\le

Digital

DTH

DO"voiceMobile

Total ARPU pet RGU

_.......:.'.~~

Commentary

Net Qlurn

Ar.alogue

Digital

DTH

D,"Voice

Mobile

Tota) Net Qlum

Net Additions

Arlalo9ueDIg~1

Dn<D,"VoiceMobile

Total Net Additlons

Homes RFSAr'I!logue

Digital

DO"Voice

Bundling RatiosSingle. Play

Dual Play

Triple Play

Quad Play

REDACTED - FOR PUBLIC INSPECTION

LGI.Sup. 000230

GleasonBudget Template Puerto Rico 1L20_06 (2) Othe:r KPI Analysis

,

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Total Customers REDACTED - FOR PUBLIC INSPECTION

Budget Template Puerto RlcQ 11..2<L06 (2)Olher KPI Analysis

Gleason LGI.Sup. 000231

9

",,,,,,, ."",-

Synerg'les

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,j _c)!

_~~__"_i!lIIliII._IlIIlI_"_~"~8IIl"__UlillJ!ll/USO mil/ions) NetAdds Revenue CashCa(Jel( TWC/OlheJ"

Budget Unit A

BUdget Unit B

Budget Unit C

Budget Unit D

Budget Unit E

Budget Unit F

Budget Unit G

Budget Unlt H

Budget Unit I

Budget Unit J

Total Syn.rgles in 2007

Budget Template Puerto Rico 1'_20_06 (2) SynergiesGleason lGJ.Sup. 000232

10

''lr'''' _ .. -',",,,

Eliminations

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...ii'

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(USD millions)2006H2

Budget 6udgct Guitlar.ce (tefoleci3s.tRcbased

COn'lmer.t.uv

;.tt._venu,Insert Counterparty 1

Insert Counterparty 2


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Total

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TotalBudgetTempiate Puerto Rico "_20_06 (2) Ellminatlons Gleason

LGI.SuP. 000233 ..

'.~>-' ~"'l" ~",

Phasing

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• ~..t1"'''1l

USD millions)

QuartenyYTll

'."".

~1i1l!r;!l1,

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Budget Tempiate Puerto Rico "_20_06 (2) Phasing Gleason

LGI.Sup. 000234

12

Phasing

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(CLP mIllions)

Quarterly

YTD

:~~~" .


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Budget Template Puerto Ric{) 11_20_05 (2) Phasing

LGI.Sup.000235

Gleason"

Phasing

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rCLP millions)

"""H2 Reforecast rebased



Budget Template Puerto Ri¢o 11_20_06 (2) Phasing GleasonLGI.SUP·000236

14

",,',> """" ~""~ ..~,. ,,,,,~' ~",," ~ __ ..... .....,..~' , ...... ' W,," ,."'...... "",,' .....,,,.

Causal Track 2006 H2 Reforecast to BUdget

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(USO ml/ilallS; RGU$j!;et Nk!< /JlcWdn<h)

2006Hl~......n

~

~>Ii!jffiNi![llh!"!!!.

1OO7kdgift


LGI.Sup. 000237

Budget Template F'~eIlO Rico 11_20_06 (2) Ca~oall'.ck 2006 H2 Re!OlllCul Gleason"

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Causal Track 2006 H2 Reforecast to BUdget

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((I$D tnt/WI'S: RGu,;;Net Mds 11.,_nrl,)

2OQ6H2R-to_

b'lThllil!lt'ttiil!ht...

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,-,2007 Budget

BC'dgflt T&mplata PlJerIQ Rico 11..20_06 (2) Ceu,alluek 2006 H2 1=l610fe~sl GleasonLGI.Sup. 000238

.".,., 'm'" ".J'.~. ".,,"'" "" ,,- "_,", ,.>;:~

Causal Track 2006 H2 Reforecast to Budget

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(uSC! /",/000>: RGU>!Ne/ aM 11>0=11(1,)

2006 H2 kefo..c.ot

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BudgetTem~late Puerto Rico 1l..29_oe (2) CauN.1 ttec~ 2006 H2 R.fo~l GleasonLGI.SuP. 000239

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Causal Track Budget Guidance to BUdget

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(USD miJ!Jons/ RGU$/NeI ,J<.1<1S mO/JsMds)

Iludlla "\lIdAIIe_

b'iu-j@!t.t1Jil\1Ji

{!IW!"iIT1llli.'.=.,E, .

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Budllet Template Puerto Rico 11..,20_06 (2) Causall1ack Budllel Guldanca Gleason LGI.Sup. 000240"

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causal Track Budget Guidaf1Ce to Budget

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2007 Budget

Budget Template Puerto Alco 11...20-.06 (2) Causallrllck S\ldg(lt Glidar.ee

Gleason LGI.Sup. 000241"

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causal Track Budget GUida~ce to Budget

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Sudlloat Guld.nc.

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SudgetTemplate Puerto Rico 11.l.2.0_0612) Causal track BiJOget GuldaM8Gleason LGI.Sup. 000242

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Causal Track Budget Guidance to Budget

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(US!) /1;IM)M; RGUS;N~t .,1<', r~0I''''M5i

Budllet autdl~

~~--------------~--

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8vdgalTempiala l"l'eI1o Rieo lj~20_06 (2) Causat track Budget Ouiclanci Gleason

LGI.Sup. 000243

"

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LG/,Sup, 000244

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Capital Expenditure (Cash Capex)i ched( this Ix»: to confirm that this form haS ~n completed and relAewed.

(USDmIU/CIlS)

Budget RcforecastDudqet Guldal'lcl! Reb..sed

Customer Premise EQuipmentline Extenslbn • New Build

Une Extension' Upgrade!fl.ebUlld .

5caleabte InfrastructureScaleable Infrastructure· transport Network

SUpport Capital· IT Project &. OperatlonSUpport capital· Support: !SYStem al'lcl Equipment

Support capital· Master 'telecom CentreTotal Success-based capex

Customer Premise EquipmentUne extension • New Build

Line extension' Upgrade/ReblJlIdscaleable Infrastructure

5ca1~b1e InfrastructurE! • Transport NetworkSUpport capital· Land, Blilldlngs and Other

SuPport capital· IT Projett &. OPerationSupport capital· Support System and EqUipmentSUpport capltal • Master T!:!lecom centreInfrastruet1:te' Transpat Network/ other NetworkTotal BU$iness-a$~U$ua] capex


CU$tomer Premise EqufpmentLine Extension· New BullclLine extensIOn· Upgrade/Rebuild5caleabie InfrastructurE!

scaleabie Infrastructure· Transport NetwoI'k.SUpport capital· Land, Buildings and Other

Support capital· IT Project & OperationSUpport capital - Support System and equipmentSUpport capital· Master Telecom CentreInfrastructure' Transport Networ!cj Other NetworkTotal Discretionary Capex

Total capo:

: 1) Not aSl<ed for previously • c<:>mp~ ~ poSSible.

8Udget Template Puerto Ric;o 11~O_06 (2) Capex by Product GleasonLGI.Sup. 000246

"

'~,,'" .,..,.

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(USDmtf!itJrlsj

"'"'

To discuss whether these categorisations areapptoprlate

2006H2Budget ReforeC<l:st

G..fld,nlCe Rc

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Customer Premlse equipment

Une extension - New BuildLine extension ~ Upgrade/Rebuild5caleable Infrastructure·5caleable Infrastructure' Transport NetworkSupport: Cllpital • IT Project & OperationSupport capital· Support System and EquipmentSupport: capital· Master Telecom CentreTotal $uccess-basecl Cape

Customer Premise EQuipr:lentLine Extenslco • New Bu{'<!Une Extension - Upgrade.'Rebuild5caleable Infrastructure •5caleable Infrastructure· Transport Network.

SUpport capital· Land, BJlldlngs and OtherSupport capital· IT Project & OperationSUpport capital· SUpport System and EQuip-nentSupport capital, Master Telecom centreInfrastructure· Transport Netw¢rk/ Other NetwocKTotal auslness·as-Usual Capex


Customer Premise Equipmentune extension' New BuitlLine extension· UpgradeiRebuildSC3!eable Infrastructure·5caleable InfrastructUre ~ Transport NetworkSupport capital· Land, &lIdlngs and OtherSUpport Capital· IT Projed& OperationSUpport capita! • Support System and EquipmentSupport: ca~1 • Master Telecom centreInfrastructure' Transport Network! Other NetworkTotal Discretionary capex

Total Capex

10 Major Capex Projects

Corlstruct 6,505 HP< Project 2 >< Project 3 >

< Project 4 >< Project 5 >

< Project 6 ;;>

< Project 7 ;;>

< ProjeCt 8 >< Project 9 ;;>

< Project 10 :>

Budget Template PUMO Rico 11_20_06 (2) Capex by QuarterGleason

lGI.Sup. 000245

23

.~.".. "'''~ "'~,,,"" "'.~,.. .- ..,..,,,

Inflation Assumptions

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~ ..;UBERTYGLOBAL

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Wage inflation In the Budget is assumed to be

Wage inflation in the BUdget Guidance is assumed to be REDACTED - FOR PUBLIC INSPECTION

Wage inflatlon. in the 2006 H2 Reforecast Is assumed to be

Other Key Inflation Assumptions

Other Commentary

LGI.Sup. 000247Budget Template PlJerto R!(;o 1L20_06 (2) Inflation Assumptions Gleason 2S

- .....,.

Corporate Costs

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.)

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(USD milliOl'lS) --- Commentary

Management fees

executive &. legal

Accounting &. reporting

Compliance &. internal audit

Investor relations, corporate communications, public policy

Tax, Firlandal Plannirlg, Treasury

TechnologyRegional operations

Sust feesHR &. facilities

Aircraft

Management bonus

Marketing, programming, CAe

Total

Budget Template Puerto Rico 11_20_06 (2) Corporate Costs Gleason LGI.Sup, 00024826

.......' -.,,-

Risks & Opportunities

"'~' ~~,~ ._ "",. 'of" ",:,,' ~,.J

A~"LrBERTYGLOBAL

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(USD milliOns; Net adds /JlOUSiJnds)

Risk

cash TWC/Net Adds Revenue OCF C Interest Tax 0..... FCF Below FCFa ex Uler Notes


Sudgel Template Pueno RicO 1'_20_06 (2) Risks & Opportun~les Gleason

lGI.Sup. 000249

"

FTEs

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UBERTYGLOBAL

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FTE costs'" FTE cost per head

2006 H2 2006 H2 2006 H2Budget Budget Guidance Reforccast Budget Rcforel;i1st Budget Reforel;i1st

Rebased Rebascd Rebased

Operations Staff

Admlnlstratfve StaffCustomer A.fllu~ltion & Marketing StaffTotal Staff (FTEs)

Comment"r,

operatIOnshff ...Customer OperationsNetwork OperationsCustomer care

Billing & CollectiOIlTechnologyBroadcast operations

ProgrammingTotal Operatfons Staff

_~~MIf'Mar'\agementFlnan<:e & AccountlngHuman Resource ManagementInformation Technology (IT)

General se",lcesTotal Administrative staff

'eu:ltdiner!A'¢q~liI~,;Ma:rketin~l$bIiff

MarketingCustomer ACQuisitionTotal Cudomer Acquisition II. Marketing Staff

Note, Of the above the split of FTEs is as folloWs;Pem1anent

Temporary (Ir'\-House Part Time)


(1) Costs are "fully loaded" staff costs. includirllQ salary, natiOnal insurance, benefits, Der1sion and bonuses

Budget Template Puerto Rico 11_20_06 (2) FTEs Gleason

LGI.Sup. 000250

,.

Documents

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