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| Northpoint Communications Holdings, Inc. |
| 222 Sutter Street, San Francisco, CA 94108 * (415) 403-4003 |
| Business Description | We are a national, facilities-based provider of high speed, local data network services. Our networks use digital subscriber line, or DSL, technology to transport data at guaranteed speeds up to 25 times faster than common dial-up modems. We market our network and data transport services to Internet service providers, broadband data service providers and long-distance and local telephone companies, whom we call network service providers, or NSPs |
| Offering Information Company has | |||
| Trading As | NPNT (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 02/26/1999 |
| Domestic Shares Offered | 15,000,000 | Offer Date | 05/05/1999 |
| Foreign Shares Offered | 0 | Filing Range | $22.00 - $24.00 |
| Company Shares | 15,000,000 | Offer Price | $24.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.680 |
| Gross Proceeds | $360,000,000 | Selling | $1.000 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 121,041,144 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Morgan Stanley Dean Witter Discover & Co. | Co-manager | (212) 761-5900 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1997 | 12/31/1998 | |||||
| Revenues | - | - | - | - | 0.931 | - | - |
| Income from Oper. | - | - | - | -1.486 | -23.541 | - | - |
| Net Income | - | - | - | -1.296 | -25.907 | - | - |
| E.P.S | - | - | - | -0.130 | -2.390 | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -11.36 | - | - | ||||
| Cash Flow - Inv. | -41.55 | - | - | ||||
| Cash Flow - Fin. | 54.42 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 60.50 | Current Assets | 14.13 | Current Ratio | 0.21 |
| Total Liab. | 69.08 | Current Liab. | 65.85 | Debt Ratio | 114.18% |
| Total Equity | -8.58 | Working Cap. | -51.72 | Debt to Equity Ratio | - |
| Cash | 10.96 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for the continued build-out of the network, working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Latham & Watkins |
| Bank's Law Firm | Sullivan & Cromwell |
| Auditor | Pricewaterhouse Coopers LLC |
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