Tuas Ltd. · ASX:TUA
Tuas — H1 FY2023 Earnings Presentation
13 slides from Tuas's earnings presentation, Mar 23, 2023
Slide 1: Tuas Limited releases Half Year Financial Results Investor Presentation
23 March 2023 The Manager Market Announcements Office Australian Stock Exchange ELECTRONIC LODGEMENT Dear Sir or Madam Tuas Limited releases Half Year Financial Results Investor Presentation In accordance with the Listing Rules of the Australian Securities Exchange, Tuas Limited (ASX: TUA) encloses
Slide 2: FY23 1H Results Presentation
Tuas Limited FY23 1H Results Presentation (1 August 2022 to 31 January 2023) 23 March 2023 Page 1
Slide 3: Agenda
Agenda 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All reported numbers are in Singapore Dollars. Page 2
Slide 4: Tuas Group Financial Results
Tuas Group Financial Results (in S$’M) FY23 1H FY22 2H FY22 1H Revenue 39.6 31.8 25.6 EBITDA 14.3 9.2 6.3 NPAT (7.5) (13.3) (13.4) Continued strong improvement in key financial metrics. Page 3
Slide 5: Key Financial Metrics
Key Financial Metrics Revenue Performance Revenue & EBITDA 45.0 40% • 55% increase over the 6-month 40.0 comparative period driven by growing 35.0 30% subscriber base 30.0 20% 25.0 10% ARPU 20.0 0% 15.0 • $9.38 per month 10.0 -10% 5.0 -20% - Drivers FY21 1H FY21 2H FY22 1H FY22 2H FY23 1H (5.0) -30%
Slide 6: Subscriber Growth
Subscriber Growth Active Services ('000) 700 600 691 500 643 587 400 487 540 418 300 392 358 200 282 100 172 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY20/21 FY20/21 FY20/21 FY20/21 FY21/22 FY21/22 FY21/22 FY21/22 FY22/23 FY22/23 Page 5
Slide 7: Cash Flow
Cash Flow From 1 August 2022 to 31 January 2023 S’000 Cash and Term Deposits at 31 July 2022 49,554 Cash receipts from customers 43,764 Cash paid to suppliers and employees (26,637) Interest Received 193 Net cash from operating activities 17,320 Acquisition of Plant & Equipment (22,698) Acquisition
Slide 8: 5G Updates
5G Updates • 5G network upgrade proceeding well. • On target to achieve 60% outdoor coverage by end 2023. Page 7
Slide 9: Mobile
Mobile • New $20 SuperRoam plan • Available across all channels Page 8
Slide 10: Fibre Broadband
Fibre Broadband • Low CAPEX model leveraging Singapore’s NBN and existing SIMBA service infrastructure. • >95% residential penetration. Targeting ~1.5M homes. • Target availability end FY23 Page 9
Slide 11: Outlook
Outlook • Continued subscriber growth in FY23 with more than 700k active services in February 2023. • No change in FY23 CAPEX guidance of $45m to $50m. • Broadband will be an exciting new opportunity. Page 10
Slide 12: This presentation contains certain forward-looking and unaudited information
This presentation contains certain forward-looking and unaudited information. Such information is based on estimates and assumptions that, whilst considered reasonable by the company, are subject to risks and uncertainties. Actual results and achievements could be significantly different from those
Slide 13: Q&A
Q&A Page 12