Singapore Telecommunications Limited · SGX:Z74
Singapore Telecommunications — Singtel — Q1 FY2024 Earnings Presentation
9 slides from Singapore Telecommunications's earnings presentation, Aug 21, 2023
Slide 1: Business Update
Business Update First quarter ended 30 June 2023 21 August 2023
Slide 2: Delivering to our strategic reset – Q1 highlights
Delivering to our strategic reset – Q1 highlights Reinvigorate Capitalise on Champion people the core growth trends & sustainability SINGAPORE GOVERNANCE AND TRANSPARENCY INDEX Partnership to cover Regained top spot for 100% of AU1 2023 SGTI2 58MW DC Tuas groundbreaking in SG 3 5G Aviation Testbed L
Slide 3: Q1FY24 financial highlights
Q1FY24 financial highlights Operating revenue EBITDA S$3,488M S$902M ▼ 3% (▲ 3%1 ) ▼ 8% (▼ 3%1 ) Going forward, we expect the integration EBIT Regional of our core consumer and enterprise (ex associates’ contribution) associates’ PBT businesses which is underway in both Singapore and Australia, as t
Slide 4: Revenue S$3,488M
Revenue S$M ▼ 3% (▲ 3%1) 3,584 S$3,488M 3,488 Digital InfraCo 88 103 ▲ 17% NCS 598 ▼ 3% (▲ 3%1) 681 ▲ 14% (▲ 15%1) ▪ Optus: Increased 1% (in AUD Singtel SG 954 terms) on postpaid mobile growth 937 ▼ 2% ▪ Singtel SG: Erosion in legacy carriage business but ~33% improvement in roaming ▪ NCS: Continued
Slide 5: Core EBIT S$295M
Core1 EBIT S$M ▼ 10% (▼ 8%2) 326 S$295M Optus 85 295 ▼ 10% (▼ 8%2) 56 ▼ 35% (▼ 28%2) Optus AUD EBIT -2% ▪ Optus: Postpaid momentum excluding energy cost dampened by margin pressures increase & sale of insurance business last o Weakening economy shifting year mix to lower tier prepaid plans o End of
Slide 6: Growth Engines EBIT S$78M
Growth Engines1 EBIT S$M ▲ 17% (▲ 16%2) S$78M 78 ▲ 17% (▲ 16%2) 67 27 ▲ 40% Digital 19 ▪ Digital InfraCo: Mainly from InfraCo satellite deployment services o Investments to support regional data centre growth ▪ NCS: Continued execution of 3- axis strategy3 NCS 48 51 ▲ 7% (▲ 6%2) o Better revenues &
Slide 7: Regional associates’ pre-tax profits S$583M
Regional associates’ S$M S$39M due to pre-tax profits strong SGD ▲ 1% (▲ 8%1) S$583M 577 583 ▼ 26% (▼ 20%1) ▲ 1% (▲ 8%1) 70 Globe 95 81 ▲ 11% (▲ 15%1) ▪ Improving market dynamics across AIS 73 associates but results dampened 32 ▲ 27% (▲ 31%1) Intouch 25 by currency weakness ▪ Airtel: Consistently st
Slide 8: Key focus areas
Key focus areas Optus addressing challenges head on ▪ Prepaid price-ups & legacy plan migration to benefit from H2FY24 ▪ Integration benefits & cost initiatives accelerate into H2FY24 ▪ Positive competitive landscape with competitors’ decision not to appeal network sharing deal Singtel SG finding gr
Slide 9: Singtel
Singtel