Aussie Broadband Ltd. · ASX:ABB
Aussie Broadband — Shareholder Meeting (October 2024)
29 slides from Aussie Broadband's shareholder meeting presentation, Oct 25, 2024
Slide 1: Annual General Meeting Presentations
ASX Announcement 25 October 2024 Annual General Meeting Presentations Aussie Broadband Limited (ASX:ABB, Aussie) provides the attached presentations of the Chair, Group Managing Director and Chief Financial Officer, which will be delivered today at the Aussie Broadband Annual General Meeting. ENDS A
Slide 2: Annual General Meeting 2024
Annual General Meeting 2024 25 October 2024
Slide 3: We acknowledge
We acknowledge Aussie Broadband acknowledges Aboriginal and Torres Strait Islanders as the First Australians, and 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 respectfull
Slide 4: Board of Directors
Board of Directors Adrian Fitzpatrick Vicky Papachristos Sue Klose Patrick Greene Richard Dammery Phillip Britt Michael Omeros Independent Chair & Independent Non- Independent Non- Independent Non- Independent Non- Group Managing Executive Director & Non-Executive Executive Director & Executive Dire
Slide 5: Chair's address
Chair’s address Adrian Fitzpatrick Chair of the Board of Directors 4
Slide 6: Chair's Address
Aussie Broadband Annual General Meeting – 25 October 2024 Chair’s Address In FY24 Aussie celebrated its 20th year - a significant milestone for any business. This gave us an opportunity to look back on all that the team have achieved. From growing our customer and broadband connections, acquiring bu
Slide 7: Aussie Fibre is integral to our future success in the residential market
We believe Aussie Fibre is integral to our future success in the residential market and as we move further into the Business, Enterprise, and Government segments. The Residential segment continues to evolve at Aussie, and in July we launched our new challenger brand, Buddy Telco. Since launching on
Slide 8: Changes to the structure of the Board
I also note some changes to the structure of the Board, starting with Sue Klose, who joined the Board as a Non-Executive Director on 1 February this year. Sue brings with her a wealth of knowledge and experience around digital strategy, product development, and technology transformation. Sue’s deep
Slide 9: Gender mix commitment and culture
and teams outperform peers by having stronger talent attraction and retention, as well as leveraging more diverse opinions, capabilities, and skills. This is why we are pleased to announce that the Board and Leadership have made a commitment to put measures and resources in place to achieve a 40:40:
Slide 10: Group Managing Director's address
Group Managing Director's address Phillip Britt Group Managing Director & Co-Founder 5
Slide 11: Group Managing Director's Address
Aussie Broadband Annual General Meeting – 25 October 2024 Group Managing Director’s Address Good morning everyone, my name is Phillip Britt and I am Aussie Broadband’s Group Managing Director. I am looking forward to sharing with you the great progress we’ve made over the past year. FY24 was a stron
Slide 12: Track record of meeting or exceeding EBITDA guidance
Our track record speaks for itself - we have met or exceeded EBITDA guidance every year since listing and exceeded our prospectus forecasts. Stepping back from our financial results, and looking more broadly at the overall group, this slide highlights growth drivers that will support the group’s asp
Slide 13: Symbio MEDION extension and new enterprise deals
We also announced a 5-year extension of Symbio’s partnership with MEDION Australia. The deal is a significant accomplishment and validation of the quality of Symbio’s industry-leading software stack and enablement capability. MEDION Australia is the largest mobile virtual network operator (MVNO) in
Slide 14: Strong FY24 results across the Group
Strong FY24 results across the Group In FY24 Aussie Broadband Group: Delivered solid Group financial results with the Group hitting the top end of EBITDA guidance at $120.5m and generating strong operating cashflow Continued to execute on the Group’s focus on diversification of earnings across multi
Slide 15: FY24 financial statutory highlights
FY24 financial statutory highlights Strong growth through effective execution of the Group’s strategy $1bn 36.1% $120.5m $128.2m Revenue Gross Margin % Underlying Op Cash Flow Up 26.9% Up 0.7 ppt EBITDA1 Up 54.1%2 Up 34.5% Fully franked dividend of 4 cents per share 1. Underlying EBITDA includes sha
Slide 16: Aussie Broadband Group's evolution
Aussie Broadband Group’s evolution Sustainable earnings and consistent year-on-year growth Revenue Gross Margin 1200 51% CAGR 400 68% CAGR 40.0% 1000 35.4% 36.1% Gross Margin % 800 300 30.0% $ Millions 29.5% $ Millions 28.1% 600 200 23.5% 20.0% 999.7 360.5 400 788.0 278.6 546.9 100 10.0% 200 161.4 3
Slide 17: Why Aussie Broadband Group
Why Aussie Broadband Group Growth drivers for long-term shareholder return Loved by Diversified Strategic Strong customers revenue streams infrastructure financials Diversified business with The Aussie owned Fibre Roy Morgan’s Most Trusted Robust balance sheet and multiple growth pathways network ex
Slide 18: 1Q FY25 trading update
1Q FY25 trading update Key client wins across E&G, Wholesale, and Symbio segments 1Q FY25 highlights • 1Q FY25 growth of 22,000 connections, up 21% on the prior quarter • NBN market share increased to 7.6% • Wholesale and E&G wins continue, including new deal signed with The Reject Shop, MEDION Aust
Slide 19: Areas of focus
Areas of focus Drive growth, diversification, differentiation, and productivity Focus on growth in fully Continue to diversify brand Leveraging technology Protect our customer owned infrastructure and product offerings service advantage • Expanding and growing • Multi-brand strategy of • Focus on de
Slide 20: FY25 outlook & guidance
FY25 outlook & guidance Continuing momentum in core growth while investing in growth opportunities FY24 FY25 guidance Underlying EBITDA1 $120.5m $135m to $145m Underlying EBITDA after n/a $125m to $135m Buddy investment Capex2 $47.4m $55m to $60m 1. Underlying EBITDA includes share-based payments of
Slide 21: Group CFO's address
Group CFO’s address Andy Giles Knopp Group Chief Financial Officer 13
Slide 22: Chief Financial Officer's Address
Aussie Broadband Annual General Meeting – 25 October 2024 Chief Financial Officer’s Address Good morning all, my name is Andy Giles Knopp and I am the Group Chief Financial Officer of Aussie Broadband. I am pleased to present this overview of the financial results for the year ended 30 June 2024. FY
Slide 23: Net debt, cash flow and capital management framework
This cash balance offsets the group’s net debt position which includes borrowings of $298 million plus total lease liabilities of $54 million. Our operating cash flow, before interest and tax, was $128.2 million, up 54.1 percent from FY23. It is important to note that FY23 benefited from a change in
Slide 24: Profit & Loss
Profit & Loss FY23 FY24 Change % $m $m Revenue 788.0 999.7 26.9% Network & hardware expenses (509.4) (639.2) 25.5% Gross Profit 278.6 360.6 29.4% Gross Margin % 35.4% 36.1% 0.7 ppt Employee expenses (123.7) (164.5) 33.0% Marketing expenses (33.0) (42.0) 27.3% Administration and other expenses (32.3)
Slide 25: Balance Sheet
Balance Sheet FY23 FY24 Change $m $m Cash and cash equivalents 75.1 213.5 184.3% Trade and other receivables 43.4 94.8 118.4% Plant and equipment 91.8 130.8 42.5% Right-of-use assets 56.5 49.7 (12.0%) Intangibles 398.1 609.8 53.2% Other assets 28.7 139.2 385.0% Total assets 693.6 1,237.8 78.5% Trade
Slide 26: Cashflow
Cashflow FY23 FY24 Change $m $m Receipts from customers 866.6 1,095.0 26.4% Payments to suppliers & employees (744.7) (966.8) 29.8% Operating cash flows before interest and tax 122.0 128.2 5.1% Net Interest Payments (7.1) (7.9) 11.3% Tax payments 1.9 (0.1) (105.3%) Operating cash flows after tax and
Slide 27: Capital management approach
Capital management approach Objectives Principles Maximise 1. Committed to balance sheet settings consistent with net leverage shareholder value ratio of 1.75x – 2.50x 2. Ongoing business as usual Capex (FY25 guidance $55m - $60m) Maintain 3. Invest in growth - both organic and M&A financial flexibi
Slide 28: Thank you
Thank you Aussie Broadband Limited Investors contact: Gurjit Mann – investors@team.aussiebroadband.com.au Authorised for release by the Aussie Broadband Board 18
Slide 29: Important notice and disclaimer
Important notice and disclaimer This presentation is for information purposes only and it is not financial product or Investors should also be aware that certain financial data included in this presentation investment advice. The presentation is not intended to be comprehensive or provide including
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