Singapore Telecommunications Limited · SGX:Z74
Singapore Telecommunications — Shareholder Meeting (July 2023)
17 slides from Singapore Telecommunications's shareholder meeting presentation, Jul 28, 2023
Slide 1: 31st Annual General Meeting
31 Annual General Meeting st Yuen Kuan Moon, Group CEO 28 July 2023
Slide 2: Executing to our strategic reset
2 Executing to our strategic reset Reinvigorate the Core Capitalise on Reallocate Capital, Champion People & Growth Trends Unlock Value Sustainability
Slide 3: FY23 key highlights
3 FY23 key highlights Core business Regional Associates Growth engines S$5.4B3 of cash generated grew 15%1 up 15%2 continue to scale supporting higher returns 1. Core comprises Optus (excluding NBN migration revenue), Group Enterprise & Singapore Consumer businesses. EBIT YoY. 2. Regional associates
Slide 4: FY23 key financials
4 FY23 key financials Operating revenue S$14.6B ▼ 5% (▲ 5% ) 1 EBITDA S$3.7B ▼ 2% (▲ 3%1 ) Underlying net profit S$2.1B ▲ 7% (▲ 11% ) 2 Net profit S$2.2B ▲ 14% (▲ 19% ) 2 Net debt to Net debt S$8B ▼ S$2B EBITDA & assoc PBT 1.4x Mar 22:1.7x 1. On constant currency basis & excluding NBN migration reve
Slide 5: Regional associates operational highlights
5 Regional associates Operational highlights Pre-tax profit contribution (S$M) Improving pricing 10% environment & post- +15% YoY cc 2,267 COVID recovery 2,067 694 Airtel 432 Capturing fixed Sizeable broadband opportunity Globe 311 dividend 301 AIS 314 contributions 297 Intouch S$1.5B 95 113 Rolling
Slide 6: Update on Optus cyberattack
6 Update on Optus cyberattack Putting customers first Committed to cyber excellence ▪ Cyberattack response continues to be ▪ Continued investment in cyber capability; Optus’ focus currently stopping over 100M cyberattacks per year ▪ Ongoing customer support, free credit & identity monitoring & payme
Slide 7: 60% increase in dividends; 6% dividend yield
7 Dividend policy 60% increase in dividends; 6% dividend yield1 Dividend per share (S cents) 60% 14.9 Between 60% & 80% of underlying NPAT 5.0 Additional payout 9.3 4.8 5.3 Final Any excess proceeds from capital recycling 4.5 4.6 Interim after funding growth FY22 FY23 & repaying debt Dividend payout
Slide 8: Harnessing the power of 5G
8 Deployed network >760K slicing at the 2022 Formula One 5G customers Grand Prix Harnessing the power of 5G Mixed reality Autonomous robots technology for for electric vehicle surgeries production
Slide 9: Fastest 5G for 3rd year in a row
9 >3.5M Fastest 5G for 3rd 5G connected devices year in a row Creating meaningful customer Living Network, with differentiation 12 innovative SubHub, a unique subscription on-demand network aggregator features
Slide 10: Executing to 3-axis strategy
10 51% digital business (FY22: 49%) Record new 15% bookings Executing to outside SG 3-axis strategy (FY22: 5%) S$3.2B 33% enterprise (FY22: 26%)
Slide 11: Regional data centre platform rapidly gaining scale
11 155MW Regional data centre by FY26 platform rapidly (More than double of current capacity) gaining scale Exploring opportunities
Slide 12: Creating a differentiated digital offering
12 FlexiLoan Apr 23 Launched to public in SG Creating a Savings Account differentiated Jul 23 Launched to digital offering public in SG H2 2023 MY & ID target launch
Slide 13: S$2.8B raised from asset recycling
13 S$2.8B raised from asset recycling Completed Associates raised Illuminated value Divested non-core strategic review S$3.2B from sale of of assets; Airtel assets & divested for tower assets to stake sale of 3.3% US$239M fund growth insurance
Slide 14: Sustainability
14 Sustainability Climate Change Equity & Inclusion Digital Enablement Bringing forward Singtel Touching Singtel Digital Silvers net-zero target Lives Fund to 2045
Slide 15: People and future of work
15 People and future of work Investing in our people Promoting Diversity, Equity, Inclusion & Belonging New learning academy Inclusive employer
Slide 16: Strong investment proposition
16 Strong investment proposition Focused on driving Positioned to Strong balance sheet Cultivating a profitability & identifying thrive in to withstand market purpose-driven monetisation opportunities digital world volatility workforce
Slide 17: Singtel
Singtel
Singapore Telecommunications — Shareholder Meeting (July 2023) on 6ix