Slide 1: Half-Year Results 2025
Half-Year Results 2025. Superloop Limited (ASX:SLC) 21 February 2025
Slide 2: Disclaimer
Disclaimer. No reliance No offer to acquire Superloop shares To the maximum extent permitted by law, the information contained in this presentation is given The information in this presentation is not an offer or recommendation to purchase or subscribe for without any liability whatsoever being acce
Slide 3: 1H25 Performance Highlights
1H25 Performance Highlights. Gross Customers 1 Total Underlying Net Profit / Operating Income3 EBITDA4 (Loss) After Tax Cash Flow5 664k $258.1m $38.2m ($7.8m) $37.3m +62.6% +30.6% +66.2% +$10.9m 98% vs. PCP2 vs. PCP vs. PCP vs. PCP Conversion 1 Refer appendices for further details on categorisation
Slide 4: Acceleration in earnings growth
Acceleration in earnings growth. Landmark Origin win now contributing to earnings, Market share gains driving revenue growth, Operating leverage clear, On-track against Double-Down plan Substantial gain Successful Uecomm Consumer Business revenue Wholesale Tracking in market share migration of acqui
Slide 5: Record new customers added, driving revenue up 31%, Underlying EBITDA up 66%
Record new customers added, driving revenue up 31%, Underlying EBITDA up 66%. Underlying EBITDA % up 3.2% vs. PCP, Continuation of strong progress against Double-Down 3-year plan Customers1 (‘000) Revenue2 ($m) Underlying EBITDA3 ($m) +62.6% 1H 2H 1H 2H EBITDA % vs. PCP 14.8% 420.5 664 13.0% 12.9% 1
Slide 6: Substantial revenue growth in Consumer and Wholesale
Substantial revenue growth in Consumer and Wholesale. Continued revenue momentum in Consumer (+43%) from strong volumes and ARPU expansion, Origin migration driving step growth in Wholesale (+52%) Consumer ($m) Business ($m) Wholesale ($m) 1H 2H 1H 2H 1H 2H +43.3% +52.3% 145.7 vs. PCP 51.4 vs. PCP 5
Slide 7: Group nbn market share increased by 2.3% to 6.3%
Group nbn market share increased by 2.3% to 6.3%1. Record Group nbn adds of 191k including migrated Origin services Group nbn net adds for last reported 12 months2 Sustained Group nbn market share gains1 Wholesale 6.3% Owned brands 19.8% Not yet available 1.9% 10.8% Mar-22 Jun-22 Sep-22Dec-22Mar-23
Slide 8: Record 209,000 new customers
Record 209,000 new customers1. Superloop group now servicing more than 664,000 customers Superloop Group (‘000) Consumer (‘000) Consumer * 2H23 included 46k 209 664 * 2H23 included 46k • 37k new customers added, +9% vs. PCP. acquired MyRepublic customers acquire d MyRe public customers 37 360 Added
Slide 9: Products enabled by our modern network and simple operating model
Products enabled by our modern network and simple operating model. Strong segment revenue growth driving increased utilisation across our Tier 1 network CONSUMER BUSINESS WHOLESALE Internet, Data & nbn Products Mobile & Voice Products: Security & Managed Services Managed Wi-Fi and On-net Fibre-to-th
Slide 10: Agreement to acquire Uecomm scales our fibre network
Agreement to acquire Uecomm scales our fibre network. Strong alignment to Smart Communities ambitions, Enables progressive optimisation of network costs • Agreement to acquire Uecomm Pty Ltd for $17.5m. Completion expected by end of March 2025. • Adds substantial scale to domestic fibre network via:
Slide 11: Our Network
Our Network. Infrastructure economics underpins our low cost TO M ARSEILLE SAN JOSE operating model JAPAN LOS ANGELES HONG KONG UECOMM CAPACITY TODAY OMAN ACQUISITION HAWAII GUAM On-Net data centres / sites 560 +1,900 buildings in Australia / worldwide SINGAPORE +2,000 kms of Fibre Network route > 1
Slide 12: Financial Performance
Financial Performance. 1H25 Highlights Financial Performance Segment Update FY25 Outlook Appendices
Slide 13: Positive momentum across key financial metrics
Positive momentum across Revenue and other income key financial metrics. Substantial growth in Consumer and Wholesale revenue. Group revenue up $60.5m (+30.6%) Change $m 1H24 1H25 Change % ($m) Gross Margin Revenue and other income 197.6 258.1 +60.5 +30.6% increased by 28% to $19.3m Gross Margin 68.
Slide 14: Group gross margin of 34.2% stable vs 2H24
Group gross margin of 34.2% stable vs 2H24. GM growth of $19.3m with Wholesale (+$7.5m) and Consumer (+$12.3m) Gross Margin ($m) Gross Margin Change v 1H24 ($m) Gross Margin ($m) GM % 88.0 46.3% (0.6) 7.5 43.2% Wholesale GM 60.3% 21.1 12.3 (+1.0% vs. PCP) 68.7 38.0% 33.9% 35.5% 32.1% 33.1% 34.2% 34.
Slide 15: Operating leverage continues to be demonstrated
Operating leverage continues to be demonstrated. Opex/Revenue reduction of 2.9% vs. PCP, Increased investment in opex to support additional scale Opex by Type ($m) Opex/Revenue1 Employee Expenses Other Opex Marketing Revenue ($m) Opex/Revenue (%) 51.9 21.0% 46.2 45.9 Marketing 18.7% 18.2% +$2m vs. P
Slide 16: Disciplined investment in capex supporting growth
Disciplined investment in capex supporting growth. Capital expenditure (cash basis) on track for FY25 guidance of $28m -$30m • Capex of $15.0m in 1H25. • 1H25 capex included the following: 1H25 Capex Capex/Revenue • Digital & Transformation: $3.3m invested in Capex ($m) Category ($m) Capex/Revenue (
Slide 17: Earnings growth driving strong operating cash flow
Earnings growth driving strong operating cash flow. Gross operating cash flow of $37.3m, Conversion of 98% Metric 1H25 Gross operating cash flow ($m) continues Free Cash Flow of $16.0m, to grow in line with Group earnings up 28% vs. PCP Gross Operating Cash Flow 1 $37.3m Gross Operating Cash Flow Co
Slide 18: Segment Update
Segment Update. 1H25 Highlights Financial Performance Segment Update FY25 Outlook Appendices
Slide 19: Sustained revenue growth in Consumer segment
Sustained revenue growth in Consumer segment. 37k net new customers and revenue growth of $51.4m (+43.3% vs PCP) $m 1H24 1H25 % Change Consumer Revenue ($m) and Gross Margin (%) Revenue 118.9 170.3 43.3% 32.5% COGS (85.1) (124.2) 46.0% 28.4% 28.1% 27.1% 25.6% 24.7% Gross Margin 33.8 46.1 36.5% 20.9%
Slide 20: Business segment holding revenue position
Business segment holding revenue position. New wins and volume gains offset by price erosion on corporate data $m 1H24 1H25 % Change Business Revenue ($m) and Gross Margin (%) Revenue 52.6 52.2 (0.8%) COGS (31.3) (31.5) 0.5% 40.1% 40.5% 39.9% 39.7% Gross Margin 21.3 20.7 (2.6%) 36.1% Gross Margin %
Slide 21: New Business logos in 1H25 include:
New Business logos in 1H25 include: 21 1H25 Results | Superloop Limited
Slide 22: Successful migration of Origin sets up Wholesale for significant earnings uplift in FY25
Successful migration of Origin sets up Wholesale for significant earnings uplift in FY25. $m 1H24 1H25 % Change Wholesale Revenue ($m) and Gross Margin (%) Revenue 23.0 35.0 52.3% COGS (9.3) (13.9) 48.4% 67.8% 65.5% Gross Margin 13.6 21.1 55.0% 61.4% 60.3% 58.9% 59.3% 59.7% Gross Margin % 59.3% 60.3
Slide 23: New Wholesale logos in 1H25 include:
New Wholesale logos in 1H25 include: 23 1H25 Results | Superloop Limited
Slide 24: FY25 Outlook
FY25 Outlook. Highlights Financial Performance Segment Update FY25 Outlook Appendices
Slide 25: FY25 Focus – Year 2 of Double Down
FY25 Focus – Year 2 of Double Down. Maintain Cost Leadership Organic growth Acceleration via M&A • Maintain cost to acquire • Support Origin’s growth • Continuing M&A opportunity • Invest in digitisation and aspiration assessment automation • Increase brand awareness and • Maintain disciplined appro
Slide 26: Profitability tracking ahead of Double-Down plan with exceptional organic growth to date
Profitability tracking ahead of Double-Down plan with exceptional organic growth to date. All organic growth to date, M&A still part of plan, NPAT positive expected in FY26 CONSUMER CUSTOMERS (‘000) Underlying EBITDA 1 ($m) Consumer Customers Target 105 500 Underlying EBITDA Target Target run-rate a
Slide 27: Confident outlook for FY25
Confident outlook for FY25. Solid trading, Origin migration completed, affirm guidance FY25 Guidance FY24 Actual • Affirm FY25 guidance: Underlying EBITDA1 of $83m-$88m (53%-62% Underlying EBITDA1 $83m - $88m $54.3m growth on FY24). • Capital expenditure of $28m-$30m inclusive of growth capex for Sm
Slide 28: Appendices
Appendices. Highlights Financial Performance Segment Update FY25 Outlook Appendices
Slide 29: Group Income Statement
Group Income Statement. $m 1H24 1H25 Revenue 194.4 257.5 Cost of Goods Sold (125.7) (169.5) GROSS MARGIN 68.7 88.0 Other Income 0.5 0.6 Origin share consideration (non-cash) - 1.6 Operating Expenses (46.2) (51.9) UNDERLYING EBITDA (GUIDANCE BASIS) 23.0 38.2 Underlying EBITDA adjustments (refer follo
Slide 30: Underlying EBITDA to Net Profit/(Loss) After Tax
Underlying EBITDA to Net Profit/(Loss) After Tax. $m 1H24 1H25 UNDERLYING EBITDA (GUIDANCE BASIS) 23.0 38.2 • Share Based Payments – Employees of $2.3m, higher vs. PCP Share Based Payments - Employees (non-cash) (1.0) (2.3) primarily due to the increase in share price and consequential increase in t
Slide 31: Half-Year Gross Margin – Segment Breakdown
Half-Year Gross Margin – Segment Breakdown. $m 1H23 2H23 1H24 2H24 1H25 Revenue Consumer 77.9 101.9 118.9 145.7 170.3 Business 48.1 51.6 52.6 51.4 52.2 Wholesale 21.8 22.1 23.0 25.1 35.0 TOTAL REVENUE 147.9 175.7 194.4 222.2 257.5 Cost of Goods Sold Consumer (58.6) (68.8) (85.1) (104.8) (124.2) Busi
Slide 32: Cash flow
Cash flow. $m 1H24 1H25 Change Change % Gross operating cash flow1 25.5 37.3 11.8 +46.3% Transaction costs (1.8) (6.7) (4.9) +265.3% Cash inflow from operating activities 23.7 30.6 6.9 +29.1% Capex (11.4) (15.0) (3.6) +31.3% Investing cash flows on M&A activities (0.1) (2.7) (2.6) Other investing ca
Slide 33: Underlying EBITDA to net cash movement
Underlying EBITDA to net cash movement. 38.2 (0.9) 37.3 (15.0) (6.7) 0.4 16.0 (2.7) (3.5) (3.0) (2.4) 4.3 Underlying Gross OpCF Gross Capex Transaction Other Free Cash VostroNet Lease Repayment of Other finance Net movement EBITDA1 Conversion Operating costs Investing items Flow earn-out payments ba
Slide 34: Balance Sheet
Balance Sheet. $m 30 Jun 24 31 Dec 24 Cash & Cash Equivalents 51.6 55.9 Trade and Other Receivables 32.4 45.6 Other Current Assets 19.3 22.2 Property, Plant & Equipment 124.0 123.0 Rights and Licences 59.4 55.2 Other Intangible Assets 66.2 57.1 Goodwill From Acquisitions 166.8 166.8 Non-Current Asse
Slide 35: Customer number definition
Consumer Unique customers on various access technologies such as nbn , Superloop Fixed Wireless and mobile. A single customer with multiple services (such as broadband, VoIP and mobile) only counts as a single customer. Business Unique end business locations on various access technologies such as Su
Slide 36: Thank you
Thank you. Superloop Limited investor@superloop.com https://investors.superloop.com