Tuas Ltd. · ASX:TUA
Tuas — Investor Presentation (March 2024)
12 slides from Tuas's investor presentation, Mar 20, 2024
Slide 1: Tuas Limited releases Half Year Financial Results
20 March 2024 The Manager Market Announcements Office Australian Stock Exchange ELECTRONIC LODGEMENT Dear Sir or Madam Tuas Limited releases Half Year Financial Results Investor Presentation In accordance with the Listing Rules of the Australian Securities Exchange, Tuas Limited (ASX: TUA) encloses
Slide 2: FY23 Results Presentation
Tuas Limited FY23 Results Presentation (1 August 2023 to 31 January 2024) 20 March 2024 Page 1
Slide 3: Agenda
Agenda 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All reported numbers are in Singapore Dollars. Page 2
Slide 4: Tuas Group Financial Results
Tuas Group Financial Results (in S$’M) FY24 1H FY23 2H FY23 1H FY22 2H FY22 1H Revenue 54.7 46.5 39.6 31.8 25.6 EBITDA 22.4 16.8 14.3 9.2 6.3 NPAT (3.5) (7.8) (7.5) (13.3) (13.4) • Continued strong improvement in key financial metrics. Page 3
Slide 5: Key Financial Metrics
Key Financial Metrics Revenue Performance • 38% revenue increase over 1H FY23 In $Million Revenue & EBITDA 60.0 45% driven by growing subscriber base 40% • 56% EBITDA increase over 1H FY23 50.0 35% 54.7 • EBITDA margin of 41% compared to 40.0 46.5 30% 36% in 1H FY23 39.6 25% 30.0 31.8 20% ARPU 20.0
Slide 6: Subscriber Growth
Subscriber Growth Active Mobile Services (‘000) Page 5
Slide 7: Cash Flow
Cash Flow From 1 August 2023 to 31 January 2024 S’000 Cash and Term Deposits at 31 July 2023 44,002 Cash receipts from customers 60,409 Cash paid to suppliers and employees (33,618) Interest Received 742 Net cash from operating activities 27,533 Acquisition of Plant & Equipment (23,684) Acquisition
Slide 8: 5G Updates
5G Updates • Exceeded IMDA’s milestone of 60% outdoor coverage as at Dec 2023 with results of >80%. Page 7
Slide 9: Fibre Broadband
Fibre Broadband • Completed 4 out of 9 residential COs. • Initial indications are positive with more than 1,200 orders and 70% services activated as at mid March 2024. • Singapore Government has announced that up to $100M in grant funding is available across operators who bring consumers onto 10Gbps
Slide 10: Outlook
Outlook • Expected mobile continued subscriber growth in 2H FY24. • FY24 mobile and broadband CAPEX guidance of $45m to $50m. • Targeting to achieve full year positive net cashflow. • Focus on transition to 10Gbps fibre broadband offering and ramping up customer acquisition Page 9
Slide 11: This presentation contains forward-looking information
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 significantly different from those
Slide 12: Q&A
Q&A Page 11