Tuas Ltd. · ASX:TUA
Tuas — Shareholder Meeting (December 2023)
22 slides from Tuas's shareholder meeting presentation, Dec 1, 2023
Slide 1: AGM Chairman's Address and CEO Presentation announcement
1 December 2023 ASX Market Announcements Office Australian Securities Exchange Dear Sir/Madam For personal use only Tuas Limited AGM – Chairman’s Address and CEO Presentation Attached is the Chairman’s address together with the CEO’s presentation to the Annual General Meeting (AGM) of Tuas Limited (
Slide 2: Tuas Limited AGM
For personal use only Tuas Limited AGM 1st December 2023 Page 1
Slide 3: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS Mr. David Teoh Page 2
Slide 4: Agenda
Agenda For personal use only 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All dollar amounts are Singapore Dollars. Page 3
Slide 5: Tuas Group Financial Results
Tuas Group Financial Results For personal use only Q1 FY24 (in S$’m) FY23 (unaudited) Revenue 86.1 26.7 EBITDA 31.1 11.0 • Q1 FY24 numbers are unaudited. Page 4
Slide 6: Cash Flow
Cash Flow FY23 Q1 FY24 S’000 S’000 For personal use only Opening Cash and Term Deposits 49,554 44,002 Cash receipts from customers 92,119 28,825 Cash paid to suppliers and employees (52,941) (16,434) Interest Received 791 393 Net cash from operating activities 39,969 12,784 Acquisition of Plant & Eq
Slide 7: Active Services Growth
Active Services Growth Active Services ('000) For personal use only 900 800 879 819 700 746 600 691 500 643 587 400 540 487 300 418 200 100 0 Q1 FY21/22 Q2 FY21/22 Q3 FY21/22 Q4 FY21/22 Q1 FY22/23 Q2 FY22/23 Q3 FY22/23 Q4 FY22/23 Q1FY23/24 • Active services as of end Oct 2023 at approximately 879k,
Slide 8: 5G Updates
5G Updates For personal use only • IMDA Key Milestones: ✓ 60% outdoor coverage by end CY23. ➢ 95% outdoor coverage by end CY26. • Current unaudited outdoor drive test results: > 80%. Page 7
Slide 9: IMDA Mobile Network Availability Measurement
IMDA Mobile Network Availability Measurement For personal use only Page 8
Slide 10: IMDA QoS Performance Results Q3 2023
IMDA QoS Performance Results Q3 2023* For personal use only Singtel Starhub M1 SIMBA Mobile Mobile Outdoor Coverage % 99.77 99.97 99.92 99.85 (averaged over 3 months) In-building Coverage (out 58 59 59 60 of 60 buildings measured) Tunnels Coverage DTL Fail DTL Fail 100% 100% * From https://www.imda.
Slide 11: Regulatory and Compliance Updates
Regulatory and Compliance Updates • Renewed or achieved: For personal use only ✓ ISO 22301:2019 for Business Continuity Management ✓ ISO/IEC 27001:2022 for Information Security Management ✓ IMDA Telecommunications Cybersecurity Code of Practice ✓ PCI DSS Certification Page 10
Slide 12: Fibre Broadband Updates
Fibre Broadband Updates For personal use only • Comprehensive end-to-end testing completed. • Invites have been sent for external pilot. • Trial users are online or awaiting NLT provisioning. • Phased geographical launch through to Mar 2024. Page 11
Slide 13: Outlook
Outlook For personal use only • 5G network rollout ahead of plan. • Fibre Broadband rollout progressing with strong public interest. • No change to FY24 CAPEX guidance: $45M- $50M. • Supported by stable Singapore economy forecasted to grow 1-3% in 2024. Page 12
Slide 14: Disclaimer
Disclaimer For personal use only 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 si
Slide 15: Q&A - Operations
For personal use only Q&A- Operations Page 14
Slide 16: Formal Business
For personal use only Formal Business Page 15
Slide 17: Proxy Results: Adoption of the Remuneration Report
Proxy Results Item 2: Adoption of the Remuneration Report For personal use only Votes For Votes Against Open Abstain 177,863,864 6,014,480 2,084,311 96,129 95.64% 3.24% 1.12% N/A Page 16
Slide 18: Proxy Results: Election of Director – Craig Levy
Proxy Results Item 3: Election of Director – Craig Levy For personal use only Votes For Votes Against Open Abstain 360,647,837 71,863 2,086,274 81,681 99.4% 0.02% 0.58% N/A Page 17
Slide 19: Proxy Results: Re-election of Director – Robert Millner
Proxy Results Item 4: Re-election of Director – Robert Millner For personal use only Votes For Votes Against Open Abstain 353,638,590 7,103,447 2,084,311 61,307 97.48% 1.95% 0.57% N/A Page 18
Slide 20: Q&A - Resolutions
For personal use only Q&A- Resolutions Page 19
Slide 21: Thank You
For personal use only Thank You Page 20
Slide 22: Chairman's Address
CHAIRMAN’S ADDRESS TUAS LIMITED ANNUAL GENERAL MEETING 1 DECEMBER 2023 Good morning everyone and welcome to the Tuas Limited 2023 Annual General Meeting. My name is David Teoh. I am the Executive Chairman of the Company and I am pleased to see shareholders in person for the first time in some years.