Aussie Broadband Ltd. · ASX:ABB
Aussie Broadband — FY2025 Earnings Presentation
43 slides from Aussie Broadband's earnings presentation, Aug 25, 2025
Slide 1: 2025 Full Year Results
2025 Full Year Results ASX:ABB 25 August 2025
Slide 2: Acknowledgement of Country
Aussie Broadband acknowledges Aboriginal and Torres Strait Islanders as the First Australians, and for their role as the original communicators, connectors, and carers of the land and waters across Australia. We pay our respects to Elders past and present. We commit to working respectfully to honour
Slide 3: Agenda and Speakers
Agenda Speakers 01 FY25 Overview Brian Maher Group CEO 02 Financials Andy Giles Knopp 03 Segment Performance Group CFO 04 Summary & Outlook Michael Omeros Group Executive, Wholesale 05 Appendices 3
Slide 4: Aussie Broadband Group
Aussie Broadband Group Loved by customers Diversified Telco Strategic assets Solid financials Significant recognition Diversified earnings across Owned and proprietary assets Flexibility to pursue growth by customers and partners segments and products underpin a scalable moat opportunities • Austral
Slide 5: FY25 Overview
01 FY25 Overview 5 5
Slide 6: FY25 Highlights
FY25 Highlights A year of transition - foundation to accelerate Look-to-28 ambitions Underlying EBITDA $138.2m, up 14.7% on pcp - diversified segments and products remain the foundation of revenue growth 15% growth in broadband connections and 8.4% NBN market share¹ - recognition as most trusted tel
Slide 7: FY25 Operational metrics
FY25 Operational metrics 8.4% Market share of 1,958km Aussie Fibre Network 896 Connected buildings 216k on-net NBN Mobile services services¹ >2,600 1.2 across the Group Near-net Connections per Up 35k vs Jun-24 Up 1.1 ppts vs Jun-241 buildings building 788k Broadband 8.2m 8.7 bn Australia’s most tru
Slide 8: Diversification drives continued growth
Diversification drives continued growth 36.1% 36.7% REVENUE BY SEGMENT GROSS PROFIT BY SEGMENT 35.4% 36% 1,200 1,187.1 32% 18% 22% 29.5% 999.7 $ million 800 28.1% 8% 49% 788.0 28% 12% 8% 57% 400 546.9 24% 9% 7% 350.3 10% 0 20% FY21 FY22 FY23 FY24 FY25 Revenue Gross margin REVENUE BY PRODUCT GROSS PR
Slide 9: FY25 Financials
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Slide 10: FY25 Financial highlights
FY25 Financial highlights EBITDA1 at top end of upgraded guidance; 6.5% growth in NPATA3 Underlying Operating Underlying Revenue EBITDA1 Cash Flow2 NPATA3 EPS4 $1,187.1m $138.2m $117.3m $55.8m 19.0 cents Up 18.7% Up 14.7% Down 8.5% Up 6.5% Down 0.3 cents 1. Underlying EBITDA calculated as statutory
Slide 11: Profit & Loss
Profit & Loss FY24 $m FY25 $m Change Underlying EBITDA¹ - $138.2m at top Revenue 999.7 1,187.1 18.7% end of upgraded guidance Gross margin 360.6 435.1 20.7% Gross margin % 36.1% 36.7% 0.6ppt • Revenue growth of 18.7% driven by: Operating expenses (240.1) (296.9) (23.7%) • 15.2% increase in broadband
Slide 12: Underlying EBITDA – 14.7% growth on FY24
Underlying EBITDA – 14.7% growth on FY24 150 140 6 130 (20) 11 120 (10) 13 110 138 138 100 121 90 80 FY24 Buddy Growth & FY24 Origin Synergies FY25 pro forma* contribution productivity 1 2 3 4 Commentary 1. Origin direct contribution, gross margin less direct customer service costs of $7m in FY25 (F
Slide 13: Cash Flow & Balance Sheet
Cash Flow & Balance Sheet Capital management framework provides financial flexibility • Operating cash flow and cash conversion Key metrics FY24 FY25 Change impacted by: $m $m • $7.7m timing of working capital (FY24) • $4.6m paid Employee share scheme Operating cash flow 128.2 117.3 (8.5%) (before i
Slide 14: Strategic investments in Capex
Strategic investments in Capex FY25 Capex - $77m in line with revised guidance • Strategic Investments for the future: • Symbio Investment in new enablement 90 platform to underpin the 5-year extension partnership with Medion 80 $77m • Aussie Broadband’s new wholesale platform 4 IP addresses Nitroge
Slide 15: FY25 Segment Performance
03 FY25 Segment Performance 15
Slide 16: Residential
Residential Strategic focus on high-speed plans and premium brand positioning delivers strong organic growth FY24 FY25 Change FY25 Highlights $m $m • Revenue growth of 15.7% driven by continued momentum in NBN sales, Revenue 585.1 676.8 15.7% supported by the launch of Buddy and product bundling: •
Slide 17: Business
Business A year of disciplined execution and renewed customer focus driving growth FY24 FY25 Change FY25 Highlights $m $m • Revenue growth of 11.4% driven by continued strong demand for high- Revenue 97.0 108.1 11.4% speed and reliable connectivity: • Over 18k new TC4 service orders generated Cost o
Slide 18: Enterprise & Government
Enterprise & Government Sales momentum delivers double-digit revenue growth and strong outlook FY24 FY25 Change FY25 Highlights $m $m • Double-digit revenue growth driven by: Revenue 88.0 97.8 11.1% • Several notable customer wins, reinforcing Aussie Broadband’s reputation as a trusted partner for m
Slide 19: Business and Enterprise & Government
Business and Enterprise & Government FY25 wins across diverse industries; growing sales pipeline underpins accelerating growth 19
Slide 20: Aussie Fibre - key metrics
Aussie Fibre - key metrics 78%1 uplift in on-net buildings connected and 96%2 increase in customers connected Total network3 1,103 1,958km Customers connected 237km 896 of fibre installed in FY25 On-net buildings connected1 32 connected data centres 1.2 customers per building 2,634 85 connected POI
Slide 21: Aussie Fibre – strategic asset delivering greater control and margins
Aussie Fibre – strategic asset delivering greater control and margins Saving $20m+ per annum in backhaul; targeting 2-3 connections per building by FY28 54% increase in 69% increase Margin uplift from on-net buildings¹ in customers² additional connections On-net buildings Fibre customers Customers p
Slide 22: Wholesale
Wholesale Benefiting from growing demand for high-quality connectivity and platform-based services FY24 FY24¹ FY25¹ Change¹ FY25 Highlights $m $m $m • Like-for-like revenue up 23.1% Revenue 159.7 51.7 63.6 23.1% • A trusted provider of wholesale services to 1,301 accounts Cost of Goods (106.6) (37.6
Slide 23: Symbio
Symbio EBITDA expectations exceeded; on track to deliver further synergies and growth $m FY24 Pro forma FY24¹ FY25 Pro forma change FY25 Highlights $m $m $m • High retention of key customers, including long-term contract renewals with Revenue 70.0 210.9 214.5 1.7% Medion and Spark NZ • Further marke
Slide 24: Summary & Outlook
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Slide 25: Building value for the future
Building value for the future Our ambition We are changing the game and in doing so will be the telco people love for all our customers, people, partners, stakeholders and our investors. Our Group revenue Residential NBN market EPS growth³ EBITDA margin strategic >$1.6bn contribution share2 >11% >20
Slide 26: Realigned operating structure
Realigned operating structure Laying foundations for strong customer loyalty across segments Brian Maher Andy Giles Knopp Cheryl Cai Brad Parker Jane Betts Group Chief Executive Group Chief Financial Officer Company Secretary and Chief Technology Officer Chief People and General Counsel Reputation O
Slide 27: Winning in the new high-speed world
Winning in the new high-speed world A faster, full-fibre future to be hugely beneficial for Aussie Broadband, and a huge win for telco and for Australians NBN speed upgrades from September 2025 Average downloads on the NBN network expected to double by 2029, and uploads to quadruple by 2032; 79% of
Slide 28: Growing wholesale presence with More and Tangerine
Growing wholesale presence with More and Tangerine Connections to be migrated in H2 FY26 An exclusive six-year wholesale agreement with More Launching Nitrogen, a proprietary wholesale and Tangerine platform • Successful in competitive process • New platform to underpin network systems • 250,000 NBN
Slide 29: Tangerine to acquire Buddy Telco
Tangerine to acquire Buddy Telco Connections to remain on the Aussie Broadband network Digital-first brand Buddy Telco joins Tangerine • Launched in July 2024 to target value-seeking households • Almost 14k connections at 30 June 2025 • Valuable testing ground for several enhancements to the Group’s
Slide 30: FY26 Guidance and Trading Update
FY26 Guidance and Trading Update Pathway to 14%-21% growth in EBITDA 180 Guidance range $157-167 million 170 FY26 FY25 Guidance +21% 160 Underlying $138m $157m to $167m EBITDA 150 +14% Capex $77m $55m to $60m $ million 140 +14% (7) (7.0) 7 130 Trading Update • Encouraging net new connections growth
Slide 31: Key takeaways
Financial results A year of transition delivered at top end New leadership team following transition of of upgraded guidance founders and appointment of new Group CEO Aussie Broadband’s core business remains Business realigned into three new segments – strong and continues to grow year on year resid
Slide 32: Thank You.
4 Aussie \ = Broadband THE ACTUAL AUSSIE WAY Thank You.
Slide 33: Appendices
05 Appendices 33
Slide 34: Capital Management Approach
Capital Management Approach Objectives Principles 1. Committed to balance sheet settings consistent with net leverage Maximise shareholder value ratio of 1.75x – 2.50x 2. Ongoing business as usual Capex Maintain i. IRR >15% and payback between 3 & 5 years financial flexibility 3. Invest in growth -
Slide 35: Quarterly broadband connections
Quarterly broadband connections Broadband connections1 QoQ change YoY change Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-24 Dec-24 Mar-25 Jun-25 Total % Residential 548,457 560,823 575,611 589,123 605,408 621,846 641,118 656,049 16,285 16,438 19,272 14,931 66,926 11.4% Business 49,44
Slide 36: Profit & Loss
Profit & Loss FY24 FY24 FY25 Statutory Pro Forma Statutory $m $m $m Revenue 999.7 1,140.7 1,187.1 Network and hardware expenses (639.2) (715.3) (752.0) Gross Profit 360.6 425.4 435.1 Gross Margin % 36.1% 37.3% 36.7% Employee expenses¹ (164.6) (200.7) (200.7) Marketing expenses (42.0) (42.2) (53.6) A
Slide 37: Profit and loss bridges
Profit and loss bridges Gross Margin EBITDA 450 38 435 65 425 18 140 138 138 400 1 361 (30) 13 350 120 120 17 (20) 300 100 (10) 250 200 80 FY24 Symbio FY24 White Productivity Statutory FY24 Symbio FY24 Buddy White Buddy Productivity Statutory statutory (pro forma) pro forma label & core FY25 statuto
Slide 38: Balance Sheet
Balance Sheet Jun-24 Dec-24 Jun-25 $m $m $m Cash and cash equivalents 213.5 135.4 130.3 Trade and other receivables 95.7 87.6 99.3 Plant and equipment 130.8 150.6 148.3 Right-of-use assets 49.7 56.2 50.9 Intangibles 609.8 610.0 610.8 Other assets 138.3 44.6 42.6 Total assets 1,237.8 1,084.4 1,082.2
Slide 39: Cashflow
Cashflow FY24 FY25 Change $m $m Receipts from customers 1,095.0 1,295.4 18.3% Payments to suppliers and employees (966.8) (1,178.0) 21.8% Operating cash flows before interest & tax 128.2 117.3 (8.5%) Net Interest Payments (11.3) (14.1) 24.9% Tax Payments (0.1) (34.8) 39452.3% Operating cash flows 11
Slide 40: Pro forma revenue by segment
Pro forma revenue by segment Group ex Origin Residential Business 1400 800 120 1200 700 100 1000 600 80 54.0 598.6 500 349.5 $ million $ million $ million 800 48.9 527.5 301.2 400 60 600 300 40 400 200 562.1 327.3 48.0 54.0 200 505.2 283.9 20 100 0 0 0 FY24 FY25 FY24 FY25 FY24 FY25 H1 H2 H1 H2 H1 H2
Slide 41: Pro forma gross profit by segment
Pro forma gross profit by segment Group ex Origin Residential Business 500 250 50 400 200 40 22.4 22.1 300 217.5 110.7 $ million 150 $ million 30 $ million 200.6 99.6 200 100 20 100 208.2 50 102.4 10 21.7 23.1 185.8 85.8 0 0 0 FY24 FY25 FY24 FY25 FY24 FY25 H1 H2 H1 H2 H1 H2 E&G Wholesale ex Origin S
Slide 42: ESG at Aussie Broadband
ESG at Aussie Broadband To deliver returns to shareholders while having an overall positive impact on society and the environment. Purpose We do this by making considered decisions, and implementing practical and innovative concepts, processes and actions to benefit our stakeholders, our people, our
Slide 43: Important Notice & Disclaimer
Important Notice & Disclaimer The information in this presentation is intended to be general background information on Aussie Investors should also be aware that certain financial data included in this presentation including Broadband Limited (ACN 132 090 192) (Company) and its activities and operat