Netlink Nbn Trust · SGX:CJLU
Netlink Nbn Trust — H1 FY2024 Earnings Presentation
10 slides from Netlink Nbn Trust's earnings presentation, Nov 3, 2023
Slide 1: Analyst update for the period 1 Apr to 30 Sep 2023 (H1 FY24)
3 November 2023 Analyst update for the period 1 Apr to 30 Sep 2023 (“H1 FY24”)
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute or form part of an offer, solicitation, recommendation or invitation for the sale or purchase or subscription of securities, including units in NetLink NBN Trust (the “Trust” and the units in the Trust, the “Units”
Slide 3: H1 FY24 Financial highlights
H1 FY24 Financial highlights REVENUE EBITDA +2.9% $205.3m +2.4% $199.6m $145.6m $149.1m H1 FY23 H1 FY24 H1 FY23 H1 FY24 WEIGHTED AVERAGE MARKET NET GEARING DEBT MATURITY CAPITALISATION 21.5% $3.3 billion Comfortable debt headroom 2.9 years Unit price of $0.840 as at 30 Sep 2023 3
Slide 4: Fibre connections
Fibre connections Non-Building Address Residential Non-Residential Segment(1) Points ’000 1,447 1,464 1,485 1,489 1,492 ’000 48.1 50.3 52.1 52.5 52.6 1,996 2,404 2,706 2,757 2,823 1,146 1,901 2,843 3,003 3,218 1,500 53 3,000 3,500 1,490 52 3,000 2,500 1,480 51 2,500 2,000 1,470 50 2,000 1,460 49 1,5
Slide 5: Resilient business model
Resilient business model Residential Non- NBAP & Ducts & Co-Location Central Office Installation Ancillary Connections Residential Segment Manholes Service Revenue Revenue Related & Project Connections Connections Revenue Other Revenue Revenue RAB REVENUE(1) NON-RAB REVENUE % of H1 FY24 60.1% 8.0% 4
Slide 6: Strategic Focus
Strategic Focus 1. Improve network reach, densification and capability in support of NetLink’s fibre-to- anywhere (FTTX) deployment 2. Improve competitiveness of NetLink’s fibre in enterprise and Government segment 3. Provide expertise and infrastructure to support the upgrade of the NBN 4. Explore
Slide 7: H1 FY24 Profit or loss statement
H1 FY24 Profit or loss statement Variance $’000 H1 FY24 H1 FY23 (%) Revenue for H1 FY24 was higher by $5.7 million Revenue 205,316 199,595 2.9 compared to H1 FY23. • $4.1 million from RAB revenue on the back of higher EBITDA 149,118 145,568 2.4 residential, non-residential, NBAP, Segment and co- loc
Slide 8: Credit metrics and cash flow
Credit metrics and cash flow Sep 2023 Mar 2023 $’m Gross Debt $735m $735m 400.0 153.9 72.4 350.0 Weighted average debt 2.9yrs 3.4yrs duration 300.0 103.8 250.0 Net debt/EBITDA(1) 1.9x 1.8x 200.7 200.0 178.4 EBITDA Interest cover(1) 15.5x 18.6x 150.0 Borrowings at Fixed Rate 69.4% 69.4% 100.0 50.0 H1
Slide 9: Distribution details
Distribution details 1 April 2023 – 30 Distribution per Unit (Singapore cents) Distribution period September 2023 5.05 5.08 5.13 5.24 2.65 2.65 Singapore cents Distribution amount per Unit Ex-distribution date and 16 November 2023, time 9am Books closure date and 17 November 2023, time 5pm Distribut
Slide 10: Thank you
Thank you Investors and Media Mr Victor Chan investor@netlinknbn.com