 NASDAQ: NTLS Investor Presentation October 1, 2013 Exhibit 99.1 |
 Presentation of Financial and Other Important Information 2 NASDAQ: NTLS USE OF NON-GAAP FINANCIAL MEASURES Included in this presentation are certain non-GAAP financial measures that are not determined in accordance with US generally accepted accounting principles (“GAAP”). These financial performance measures are not indicative of cash provided or used by operating activities and exclude the effects of certain operating, capital and financing costs and may differ from comparable information provided by other companies, and they should not be considered in isolation, as an alternative to, or more meaningful than measures of financial performance determined in accordance with US generally accepted accounting principles. These financial performance measures are commonly used in the industry and are presented because NTELOS believes they provide relevant and useful information to investors. NTELOS utilizes these financial performance measures to assess its ability to meet future capital expenditure and working capital requirements, to incur indebtedness if necessary, and to fund continued growth. NTELOS also uses these financial performance measures to evaluate the performance of its business, for budget planning purposes and as factors in its employee compensation programs. Adjusted EBITDA is defined as net income attributable to NTELOS Holdings Corp. before interest, income taxes, depreciation and amortization, accretion of asset retirement obligations, gain/loss on derivatives, net income attributable to non-controlling interests, other expenses/income, equity based compensation charges, acquisition related charges, gain/loss on sale of assets and net loss from discontinued operations and costs related to the separation of the wireless and wireline companies. Please review the reconciliations and other definitions of non-GAAP financial measures contained in the press releases filed by the Company with the SEC, including those filed on Form 8-K on August 1, 2012, November 8, 2012, February 28, 2013, May 7, 2013 and July 30, 2013. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Any statements contained in this presentation that are not statements of historical fact, including statements about our beliefs and expectations, are forward- looking statements and should be evaluated as such. The words “anticipates,” “believes,” “expects,” “intends,” “plans,” “estimates,” “targets,” “projects,” “should “may,” “will” and similar words and expressions are intended to identify forward-looking statements. Such forward-looking statements reflect, among other things, our current expectations, plans and strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Important factors with respect to any such forward-looking statements, including certain risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, include, but are not limited to: our ability to attract and retain retail subscribers to our services; our dependence on our strategic relationship and the potential outcome of any disputes with Sprint Nextel (“Sprint”); a potential increase in roaming rates and wireless handset subsidy costs; rapid development and intense competition in the telecommunications industry; our ability to finance, design, construct and realize the benefits of any planned network technology upgrade; our ability to acquire or gain access to additional spectrum; the potential to experience a high rate of customer turnover; the potential for Sprint and others to build networks in our markets; cash and capital requirements; operating and financial restrictions imposed by our senior credit facility; adverse economic conditions; federal and state regulatory fees, requirements and developments; loss of ability to use our current cell sites; our continued reliance on indirect channels of retail distribution; our reliance on certain suppliers and vendors; and other unforeseen difficulties that may occur. These risks and uncertainties are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in conjunction with the more detailed cautionary statements and risk factors included in our SEC filings, including our most recent Annual Report filed on Form 10-K. |
 Company Overview 3 Leading “pure-play” wireless carrier in mid-Atlantic region Headquartered in Waynesboro, VA Exclusive CDMA Network provider for Sprint in WV and Western VA NTELOS-branded retail postpay and prepay subscribers; robust wholesale business NASDAQ: NTLS NASDAQ: NTLS – Market Capitalization approximately $335 million¹ 7.9 million licensed POPs; covered POPs of 6.0 million; 454,800 subscribers ¹ As of market close 9/23/13 |
 Investment Considerations Leading “pure-play” regional wireless company 4 Strategic asset set Strong free cash flow Broad geographic and network technology footprint Experienced management team NASDAQ: NTLS Competitive and diversified business model |
 Key Operating Strategies 5 Elevate brand & best value in wireless position to improve quality of subscriber base and grow market share Enhance customer experience at all touch points by focusing on core differentiators of Savings, Simplicity and Service to improve customer satisfaction and reduce subscriber churn Leverage disciplined network investments to expand revenues and margins Drive Smartphone and data services penetration to increase ARPU NASDAQ: NTLS Manage cost structure to improve profitability |
 Regional Wireless Service Provider NASDAQ: NTLS 6 Ntelos Covered Network Sprint Wholesale Markets STRATEGIC NETWORK ASSETS |
 Carriers Without Network Assets in NTELOS’s Footprint 7 NASDAQ: NTLS West Virginia / Virginia West Leap³ Sprint¹ T-Mobile US Cellular² Virginia East Leap³ US Cellular ¹Sprint’s retail business runs on NTELOS’s Network in West Virginia and portions of Virginia ²US Cellular has network assets and retail business within a portion of NTELOS’s footprint ³Pending acquisition by AT&T |
 Attractive Spectrum Portfolio 8 NASDAQ: NTLS Average Spectrum Depth in Key Markets Source: Map Info: Custom Data, Total Population – Current Year and Five Year USA by Block Group: United States, SO215245 Band Commentary PCS Average depth of 23 MHz Scarce strategic asset AWS Significant spectrum holdings in contiguous markets in western Virginia Currently undeployed MHZ 3,673 2,710 1,767 1,016 Licensed POPs (000’s) 302 200 209 216 205 278 66 |
 Competitively Differentiated Retail Model SAVINGS SIMPLICITY SERVICE Driving consideration for “the best value in wireless” proposition Making it “easy” to switch Creating “raving fans” through superior customer service 9 NASDAQ: NTLS Note: Historical examples of campaigns; not to be considered current offers. |
 Closing the Device Gap on Competition 10 NASDAQ: NTLS Q4 2009 Q4 2010 3Q 2013 LG Optimus Plus Motorola Defy XT Alcatel One Touch Ultra Motorola Milestone 3 HTC One V Samsung Galaxy S II Samsung Galaxy III LG Optimus Select iPhone 4 iPhone 4S iPhone 5 BlackBerry Curve 8330 BlackBerry Pearl Flip 8230 HTC Hero Android BlackBerry Pearl 8130 HTC 6800 HTC Touch Diamond BlackBerry Curve 8330 BlackBerry Pearl Flip 8230 HTC Snap HTC Hero Android BlackBerry Tour 9630 Best Better Good |
 Smartphone Penetration 11 NASDAQ: NTLS As of June 30, 2013: 66% of postpaid subscribers have a smartphone 56% of prepaid subscribers have a smartphone |
 NTELOS Branding Resonating With Consumers 12 NASDAQ: NTLS 2Q11 2Q12 2Q13 Unaided Awareness 22% 28% 26% Unaided Recall 18% 25% 26% Purchase Consideration 11% 14% 11% Source: Independent third-party research studies. Positive net ports vs. all other carriers |
 Managing Churn to Enhance Profitability 13 NASDAQ: NTLS Prepaid Churn Postpaid Churn 1.0% 1.5% 2.0% 2.5% 3.0% 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 |
 Subscribers – Net Additions Trend 14 NASDAQ: NTLS Sixth consecutive quarter of positive net adds |
 Continuing Growth in Operating Revenues 15 NASDAQ: NTLS millions +7% 2Q13 revenue increased 7% from 2Q12 to $119.9 million $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 2Q 2012 2Q 2013 Retail Wholesale & Other |
 Retail Revenue Gains Continue 16 NASDAQ: NTLS millions Subscriber revenue growth driven by both: ARPU growth Subscriber growth 2Q13 retail revenue increased 1% sequentially and 13% from 2Q12 to $78.4 million Highest level in four years +13% $64.0 $66.0 $68.0 $70.0 $72.0 $74.0 $76.0 $78.0 $80.0 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 |
 Wholesale/Other Revenue Remains Strong 17 NASDAQ: NTLS millions -1% 2Q13 wholesale/other revenue decreased 1% from 2Q12 to $41.4 million $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 |
 Capital Investments Driving Operational Improvements 18 NASDAQ: NTLS Expand wholesale coverage Control roaming costs Mitigate churn risk 1,432 3G EV-DO cell sites as of June 30, 2013 millions $52 $58 $72 $32 $44 $0 $10 $20 $30 $40 $50 $60 $70 $80 FY 2010 FY 2011 FY 2012 1H 2012 1H 2013 |
 Network Evolution NASDAQ: NTLS 19 • 6.0mm covered POPs; 7.9 mm licensed POPs • 100% of covered POPs are served with 3G EV-DO Rev. A • Primarily Alcatel Lucent equipment • 1,432 cell sites deployed • Market level spectrum holdings ranging from 10 MHz to 50 MHz • PCS average depth of 23 MHz • AWS average depth of 20 MHz • Additional spectrum includes • Small amount of BRS • Opportunities for additional spectrum and spectrum sharing being evaluated • Upgrade history • 1xRTT launched in 2002 • EV-DO Rev A launched in 2008 • LTE Drivers • Serve the needs of our retail subscribers • Maintain competitive position in marketplace • Optimize long-term network operating cost with new technology • Serve the needs of our largest wholesale customer, Sprint • Deployment Plan • Launch first LTE markets in 2H 2013 • Complete initial build-out by year-end 2014; 70% of covered POPs • Devices supporting Band Classes 2, 4 and 25 • Estimated network CapEx of approximately $65mm to $70mm Current network 4G LTE upgrade plans |
 Sprint Strategic Network Alliance Evolution 20 NASDAQ: NTLS 1999 8/1999: Agreement with Horizon PCS (Sprint affiliate) 10/2010: Sprint announces Network Vision 2010 8/2004: Horizon bankruptcy; Sprint agreement signed 8/2007: Amends agreement with Sprint 10/2006: Sprint launches EV-DO Rev A in San Diego 2006 9/2012: Sprint has 19 metropolitan areas with 4G LTE 2012 2008 3/2008: Launch of EV-DO 11/2008: Completes EV-DO build 2013 7/2013: Sprint has 151 metropolitan areas with 4G LTE 2008 2004 |
 Sprint Strategic Network Alliance Service 21 NASDAQ: NTLS Exclusively provides 3G services to large number of Sprint home and travel subscribers Encompasses approximately • 2.0mm covered POPs in WV and Western VA • 823 cell sites • 36,800 square miles Provides ~$40mm in quarterly revenues |
 Sprint Strategic Network Alliance Leverages NTELOS’s Network 22 NASDAQ: NTLS Strategic Network Alliance revenues (1) (1) Excludes roaming Sprint Nextel Strategic Network Alliance through at least July 2015 Attractive contribution to margin Growing Usage Significant growth in data usage since EV-DO launched Voice continues to grow millions $23 $23 $24 $24 $25 $24 $23 $23 $13 $15 $16 $17 $17 $17 $17 $17 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 Total Voice Total Data |
 Financial Summary |
 Operating Revenues 24 NASDAQ: NTLS millions +7% $70 $71 $75 $77 $78 $42 $43 $42 $42 $41 $112 $114 $117 $119 $120 $0 $20 $40 $60 $80 $100 $120 $140 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 Sprint, Wholesale & Other Retail |
 Adjusted EBITDA 25 NASDAQ: NTLS millions Continued investments in the business resulted in higher Adjusted EBITDA $34 $32 $33 $37 $41 $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 |
 Historical Financial Performance 26 NASDAQ: NTLS Revenue Adjusted EBITDA millions millions $407 $423 $454 $100 $140 $180 $220 $260 $300 $340 $380 $420 $460 2010 2011 2012 $142 $143 $135 $150 - $155 $50 $70 $90 $110 $130 $150 2010 2011 2012 2013 G (1) (1) Updated as of September 24, 2013 (includes $9.6 million in Adjusted EBITDA in connection with the SNA dispute settlement) $170 |
 Managing Free Cash Flow with Disciplined Capital Investment 27 NASDAQ: NTLS CapEx millions millions CapEx Free Cash Flow (Adjusted EBITDA Less CapEx) Revenue Revenue millions $85 $97 $71 $52 $58 $72 $75 - $85 $350 $375 $400 $425 $450 $475 $0 $25 $50 $75 $100 2007 2008 2009 2010 2011 2012 2013 G (1) Maintenance, IT & Other Capacity Growth EV-DO $65 - $80 $59 $60 $85 $90 $85 $63 $0 $25 $50 $75 $100 2007 2008 2009 2010 2011 2012 2013 G (2) (1) As of July 30, 2013 (2) As of September 24, 2013 Note: Excludes wireline and related capex incurred prior to business separation |
  Capitalization Overview ($ in millions) June 30, 2013 Cash $98.2 Total Debt $492.5 Net Debt $394.3 LTM Adjusted EBITDA $143.5 Secured Term Loan $491.5 Net Debt Leverage 2.7x NASDAQ: NTLS 28 |
 Guidance NASDAQ: NTLS 29 FY 2013 Adjusted EBITDA of $150 million - $155 million (1) FY 2013 CapEx of $75 million - $85 million (2) 2013 net adds expected to be at or about 2012 net adds (2) (1) As of September 24, 2013 (2) As of July 30, 2013 |
 Senior Executives—Wireless Veterans JIM HYDE CEO, President and Director STEB CHANDOR EVP, CFO and Treasurer CONRAD HUNTER EVP, COO Former CEO, T-Mobile UK Former T-Mobile USA / Western Wireless / VoiceStream Sr. Exec 18 years industry experience Former CFO, iPCS Wireless Former CFO, Metro One Telecommunications 17 years industry experience Former COO, iPCS Wireless Former VP of Midwest Operations, U.S. Cellular Corporation 33 years industry experience 30 NASDAQ: NTLS ROBERT McAVOY EVP, CTO Former Market General Manager, PrimeCo Began career at Bell Atlantic 25 years industry experience |
 Summary Leading “pure-play” regional wireless company 31 Strategic asset set Strong free cash flow Broad geographic and network technology footprint Experienced management team NASDAQ: NTLS Competitive and diversified business model |
 Appendix |
 33 NASDAQ: NTLS NTELOS Holdings Corp. Reconciliation of Net Income Attributable to NTELOS Holdings Corp. to Adjusted EBITDA Year Ended: (In thousands) 2012 2011 2010 2009 2008 2007 Net Income Attributable to NTELOS Holdings Corp. 18,387 $ (23,715) $ 44,808 $ 63,285 $ 44,829 $ 32,453 $ Net income attributable to noncontrolling interests 1,941 (1,769) (1,417) (851) Net Income 20,328 (21,946) 46,225 64,136 44,829 32,453 Discontinued operations, net - (45,386) 16,882 18,054 16,002 12,638 Income from continuing operations 20,328 23,440 29,343 46,082 28,827 19,815 Interest expense 22,944 23,380 24,728 15,922 17,024 24,520 Loss (gain) on derivatives - 264 147 (2,100) 9,531 3,527 Income taxes 12,676 16,363 20,251 26,526 20,787 17,161 Corporate financing fees - 1,567 Other expense (income), net 7,194 1,240 413 971 1,402 2,953 Operating income 63,142 66,254 74,882 87,401 77,571 67,976 Depreciation and amortization 63,258 63,083 58,016 63,015 75,982 70,102 Accretion of asset retirement obligations 637 658 770 695 914 746 Equity-based compensation 6,029 6,072 5,270 3,227 2,729 4,328 Acquisition related charges - - 2,815 1,477 570 Business separation charges 1,660 6,997 352 Adjusted EBITDA 134,726 $ 143,064 $ 142,105 $ 155,815 $ 157,196 $ 143,721 $ 1 Charges for legal and consulting services costs in connection with the separation of the wireless and wireline operations. 1 |
 34 NASDAQ: NTLS NTELOS Holdings Corp. Reconciliation of Net Income Attributable to NTELOS Holdings Corp. to Adjusted EBITDA (In thousands) 2Q13 1Q13 4Q12 3Q12 2Q12 Net Income Attributable to NTELOS Holdings Corp. 9,386 $ 5,493 $ 321 $ 4,608 $ 5,606 $ Net income attributable to noncontrolling interests 541 529 443 488 881 Net Income 9,927 6,022 764 5,096 6,487 Interest expense 7,398 7,361 6,651 5,432 5,433 Income taxes 6,380 3,744 (454) 3,141 4,609 Other expense (income), net (151) 369 7,038 50 44 Operating income 23,554 17,496 13,999 13,719 16,573 Depreciation and amortization 20,443 18,456 17,440 15,810 15,101 Gain on sale of intangible assets (4,442) - - - - Accretion of asset retirement obligations 173 143 174 163 151 Equity-based compensation 1,460 1,321 1,346 1,478 1,536 Business separation charges - - 56 684 635 Adjusted EBITDA 41,188 $ 37,416 $ 33,015 $ 31,854 $ 33,996 $ 1 Charges for legal and consulting services costs in connection with the separation of the wireless and wireline operations. 1 |
 35 NASDAQ: NTLS NTELOS Holdings Corp. ARPU Reconciliation Average Monthly Revenue per User (ARPU) 1 2Q13 1Q13 4Q12 3Q12 2Q12 FY 2012 FY 2011 (In thousands, except for subscribers and ARPU) Operating Revenues 119,859 $ 119,345 $ 117,398 $ 114,466 $ 111,585 $ 453,989 $ 422,629 $ Less: Equipment revenue from sales to new customers (3,104) (3,521) (3,808) (3,333) (4,026) (15,041) (9,091) Less: Equipment revenue from sales to existing customers (2,395) (3,117) (3,315) (3,416) (3,903) (15,037) (17,793) Less: Wholesale, other and adjustments (41,179) (40,918) (41,488) (42,380) (41,061) (165,765) (143,477) Gross subscriber revenue 73,181 71,789 68,787 65,337 62,595 258,146 252,268 Less: prepay subscriber revenue (15,879) (15,205) (14,823) (14,103) (14,001) (56,330) (48,758) Less: adjustments to prepay subscriber revenue (303) (479) (237) (434) (382) (1,706) (1,175) Gross postpay subscriber revenue 56,999 $ 56,105 $ 53,727 $ 50,800 $ 48,212 $ 200,110 $ 202,335 $ Prepay subscriber revenue 15,879 15,205 14,823 14,103 14,001 56,330 48,758 Plus: adjustments to prepay subscriber revenue 303 479 237 434 382 1,706 1,175 Gross prepay subscriber revenue 16,182 $ 15,684 $ 15,060 $ 14,537 $ 14,383 $ 58,036 $ 49,933 $ Average number of subscribers 453,262 444,244 434,457 427,610 422,247 425,377 422,256 Total ARPU 53.82 $ 53.87 $ 52.78 $ 50.93 $ 49.41 $ 50.57 $ 49.79 $ Average number of postpay subscribers 299,304 298,414 292,668 287,165 284,834 288,428 298,992 Postpay ARPU 63.48 $ 62.67 $ 61.19 $ 58.97 $ 56.42 $ 57.82 $ 56.39 $ Average number of prepay subscribers 153,958 145,831 141,789 140,446 137,413 136,949 123,264 Prepay ARPU 35.04 $ 35.85 $ 35.41 $ 34.50 $ 34.89 $ 35.31 $ 33.76 $ Gross subscriber revenue 73,181 71,789 68,787 65,337 62,595 258,146 252,268 Less: voice and other feature revenue (43,078) (42,658) (41,379) (39,366) (37,708) (156,032) (171,882) Data revenue 30,103 $ 29,131 $ 27,408 $ 25,971 $ 24,887 $ 102,114 $ 80,386 $ Average number of subscribers 453,262 444,244 434,457 427,610 422,247 425,377 422,256 Total Data ARPU 22.14 $ 21.86 $ 21.03 $ 20.25 $ 19.65 $ 20.00 $ 15.86 $ Gross postpay subscriber revenue 56,999 56,105 53,727 50,800 48,212 200,110 202,335 Less: postpay voice and other feature revenue (36,170) (35,952) (34,651) (33,028) (31,490) (130,601) (144,114) Postpay data revenue 20,829 $ 20,153 $ 19,076 $ 17,772 $ 16,722 $ 69,509 $ 58,221 $ Gross prepay subscriber revenue 16,182 15,684 15,060 14,537 14,383 58,036 49,933 Less: prepay voice and other feature revenue (6,908) (6,706) (6,728) (6,338) (6,218) (25,431) (27,768) Prepay data revenue 9,274 $ 8,978 $ 8,332 $ 8,199 $ 8,165 $ 32,605 $ 22,165 $ Average number of postpay subscribers 299,304 298,414 292,668 287,165 284,834 288,428 298,992 Postpay data ARPU 23.20 $ 22.51 $ 21.73 $ 20.63 $ 19.57 $ 20.08 $ 16.23 $ Average number of prepay subscribers 153,958 145,831 141,789 140,445 137,413 136,949 123,264 Prepay data ARPU 20.08 $ 20.52 $ 19.59 $ 19.46 $ 19.81 $ 19.84 $ 14.99 $ 1 Average monthly revenue per user (ARPU) is computed by dividing service revenues per period by the average number of subscribers during that period. ARPU as defined may not be similar to ARPU measures of other companies, is not a measurement under GAAP and should be considered in addition to, but not as a substitute for, the information contained in the Company’s consolidated statements of operations. The Company closely monitors the effects of new rate plans and service offerings on ARPU in order to determine their effectiveness. ARPU provides management useful information concerning the appeal of NTELOS rate plans and service offerings and the Company’s performance in attracting and retaining high-value customers. |