Slide 1: Full Year FY18 Results Presentation
Full Year FY18 Results Presentation Monday 20th August 2018 Our vision is to be the most trusted enabler of connectivity and managed services in Asia Pacific 1
Slide 2: FY18 Highlights
FY18 HIGHLIGHTS Revenue(1) Underlying EBITDA(2) NPAT $125.2m $30.6m $7.1m 109.3% $21.6m $8.3m $ Monthly Recurring Revenue(3) Operating cash flow Earnings per share $10.5m $37.9m 3.2c $2.9m $33.2m 3.9c 1. Includes other income 2 2. After adjusting for transaction costs of $0.6m and integration costs
Slide 3: FY18 Highlights
FY18 Highlights ● Reported Net Profit after Tax of $7.1 million Revenue and Profit ● Reported EBITDA of $29.1 million with underlying EBITDA of $30.6m Growth ● AU, SG and HK networks achieved positive EBITDA (before allocation of corporate overheads) ● Expanded metropolitan and international capacit
Slide 4: Agenda
Agenda FY18 Financial Results FY18 Business Performance FY19 Our Focus Appendices 4
Slide 5: FY18 Results: Financial Results
FY18 Results Financial Results 5
Slide 6: FY18 Profit & Loss Summary
FY18 Profit & Loss Summary Year on year FY18 FY171 Change YoY ($m) ($m) ($m) ($m) Revenue EBITDA 109.3% 240% 2 Revenue 125.2 59.8 +65.4 Direct costs (51.1) (28.0) +23.1 Profit after direct costs 74.0 31.8 +42.3 Gross margin 59.1% 53.1% ● Growth in EBITDA reflects leverage available through infrastru
Slide 7: Cash Flow Summary & Balance Sheet Extract
Cash Flow Summary & Balance Sheet Extract Year on year 30 June 2018 30 June 2017 Change ($m) Operating cash flows ($m) 37.9 ($m) 4.7 ($m) +33.2 Operating Cash Flow $33.2m Investing cash flows (91.8) (116.4) Invested $46.6 million in property, plant Financing cash flows 63.0 74.0 & equipment includin
Slide 8: Strong Revenue & EBITDA Growth
Strong Revenue & EBITDA growth 109.3% Revenue Growth on FY17 240% Underlying EBITDA Growth on FY17 $125.2m Superloop revenue $6.7m Underlying EBITDA $7.1m BigAir revenue $30.6m Nuskope revenue $40.2m Underly GX2 revenue $59.8m $9.0m $19.2m $71.2m ($3.5m) ($5.6m) $40.6m $6.2m $0.7m FY15 FY16 FY17 FY1
Slide 9: FY18 Results: Business Performance
FY18 Results Business Performance 9
Slide 10: We Are Starting to See the Benefits
“We are starting to see the benefits of our investment in infrastructure and software. The three key principles behind Superloop of fibre, wireless and Asia have never looked more compelling, relevant and timely.” Drew Kelton CEO - Superloop 10
Slide 11: Asia Pacific Network Infrastructure
Asia Pacific Network Infrastructure Total Strategic Sites 30 June 2018 Australia Singapore Hong Kong 310+ 16.9% 30 June 2018 30 June 2017 30 June 2018 30 June 2017 30 June 2018 30 June 2017 242km 217km 190km 176km 239km 221km Fibre Fibre Fibre Fibre Fibre(1) Fibre 225+ 200+ 57 48 28 17 Strategic sit
Slide 12: Singapore Performance
Singapore Performance FY2018 (A$m) H2 FY18 H1 FY18 H2 FY17 H1 FY17 4 Recurring revenue Recurring revenue 3.5 2.6 1.6 1.0 Non - recurring revenue 3 Non-recurring revenue 0.7 0.4 1.2 0.1 Millions($) Total revenue 4.2 3.0 2.8 1.1 2 Direct costs (0.8) (0.7) (0.6) (0.5) 1 Profit after direct costs 3.4 2.
Slide 13: Hong Kong Performance
Hong Kong Performance FY2018 (A$m) H2 FY18 H1 FY18 H2 FY17 H1 FY17 4 Recurring revenue Recurring revenue 0.6 0.4 0.1 0.0 Non - recurring revenue 3 Non-recurring revenue 1.7 4.1 0.9 0.0 Millions($) Total revenue 2.3 4.5 1.0 0.0 2 Direct costs (1.6) (1.6) (0.8) (1.3) 1 Profit after direct costs 0.7 2.
Slide 14: Expanded Connectivity throughout Asia Pacific
Expanded Connectivity throughout Asia Pacific Superloop’s advanced fibre network reach San Jose Japan Los Angeles Hong Kong Guam Singapore Current IRU capacity Future INDIGO West (H1 2019) Future INDIGO Central (H1 2019) Perth Brisbane Metro Fibre Adelaide Sydney Melbourne Canberra Auckland Leased c
Slide 15: FY19 The Year Ahead: Our Focus
FY19 The Year Ahead Our Focus 15
Slide 16: Over the Next 2 Years
“Over the next 2 years almost every business and resident in Australia will need to churn some or all of their telecommunication services over to an NBN or equivalent service. This is the biggest disruption to the market since deregulation and we intend to be ready, willing and able to service them
Slide 17: Catching the NBN Tsunami
Catching the NBN Tsunami Industry changing disruption Disconnection Dates loom The affected Special Services The affected Businesses The Transition/Solution These include, but are not limited to: Superloop has targeted solutions for affected businesses & government for NBN defined Special ~1,500 Ent
Slide 18: New RED National Backbone
New “RED” National Backbone Highlights New 10/100G national backbone connecting all Connecting to 121 PoI’s capital cities and most major cities and towns across Australia 2 60 59 ● New 10/100G national backbone connecting all capital PoI’s Connected PoI’s Connected PoI’s Connected cities and most m
Slide 19: INDIGO West & Central
INDIGO West & Central Routes & Characteristics Tuas, Singapore The INDIGO cable systems will deliver diverse, reliable and secure low latency connectivity singapore and Perth, and between Perth and Sydney. The new subsea route between Perth and Sydney will complement the existing terrestrial network
Slide 20: INDIGO Update
INDIGO Update A new cable for Australia and the World INDIGO West and Central both currently under construction with Tuas, Singapore the Ile de Brehat presently installing West off Western Australia and the Pacific Vixen currently route clearing along Bass Strait Achievements FY18 Ancol, Jakarta ● C
Slide 21: My Goal Is to Build a Highly Profitable Business
“My goal is to build a highly profitable and scalable business with a more focused product set that leverages our infrastructure and pushes our software and automation advantage.” Drew Kelton CEO - Superloop 21
Slide 22: FY19 Year Ahead
FY19 Year Ahead ● SG - Significant expansion to strategic near-net buildings to push beyond 100+ on-net buildings Fibre/Fixed ● HK - Significant expansion to strategic near-net buildings and high capacity interdc services Line ● AU - Focus on NBN and regional fibre expansion for backhaul services. C
Slide 23: Corporate Calendar
Corporate Calendar* Routes & Characteristics Investor Strategy Briefing and Friday, 4 Shareholder General Meeting May 2018 Monday, 20 FY18 Full Year Results August 2018 2018 Annual General Meeting Monday, 29 October 2018 *Current proposed dates, subject to change SUPERLOOP FY18 Results 23
Slide 24: Thank You
Thank You 24
Slide 25: Appendix
Appendix Segment Results Property, Plant & Equipment, Intangibles 25
Slide 26: FY18 Segment Performance
FY18 Segment Performance Superloop segment includes Superloop(1) Superloop+(2) Superbb(3) Corporate Total $13.8m revenue from INDIGO developments and $21.8 million ($m) ($m) ($m) ($m) ($m) ($m) from fixed wireless services Revenue2 61.2 36.6 26.6 0.7 125.1 Direct costs (18.8) (20.2) (12.4) 0.3 (51.1
Slide 27: FY18 Segment Performance - Superloop (Connectivity)
FY18 Segment Performance - Superloop (Connectivity) Analysis of Superloop Operating Segment Australia Singapore Hong Kong Total FY18 FY17 FY17 Fixed line includes revenue of $3.9m from Singapore and ($m) ($m) ($m) ($m) ($m) ($m) $1.0m from Hong Kong Revenue: Fixed line (fibre) 11.6 7.2 6.8 25.6 15.0
Slide 28: Property, Plant & Equipment, Intangibles
Property, plant & equipment, Intangibles / Depreciation and amortisation 2018 (A$m) FY18 (A$m) FY18 Property, plant & equipment Depreciation Australia includes Australia 77.5 Australia 7.1 $24.1m for INDIGO Singapore 46.5 Singapore 1.7 construction costs plus $24.1m Hong Kong 58.1 Hong Kong 2.5 for
Slide 29: Disclaimer
Disclaimer Superloop Limited’s (Superloop) consolidated financial results (Results) are prepared in accordance with the Australian Accounting Standards, the Corporations Act 2001 (Cth) and Corporations Regulations 2001 (Cth). While much of the financial information in this presentation is based on t