Aussie Broadband Ltd. · ASX:ABB
Aussie Broadband — H1 FY2025 Earnings Presentation
30 slides from Aussie Broadband's earnings presentation, Feb 24, 2025
Slide 1: 1H FY25 Results
For personal use only 1h fy25 results 24 February 2025
Slide 2: Important Notice & Disclaimer
important notice & disclaimer This presentation is for information purposes only and it is not financial Investors should also be aware that certain financial data included in For personal use only product or investment advice. The presentation is not intended to be this presentation including EBITD
Slide 3: Acknowledgement of Country
For personal use only 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
Slide 4: Agenda and our speakers
agenda our speakers For personal use only 01 1H FY25 Highlights Phillip Britt Co-Founder & Group Managing Director 02 1H FY25 Financials Brian Maher CEO of Aussie Broadband 03 Segment Performance Michael Omeros CEO of Symbio 04 Updates & Summary Andy Giles Knopp Group CFO 05 Appendices 4
Slide 5: Why Aussie Broadband Group
why aussie broadband group Growth drivers for long-term shareholder return For personal use only Loved by customers Diversified revenue Strategic Strong streams with strong infrastructure financials Roy Morgan’s Most Trusted Telco for 4 consecutive margins Robust balance sheet and years The Aussie o
Slide 6: 1H FY25 Highlights
6 For personal use only 01 1h fy25 highlights
Slide 7: 1st Half Group Highlights
1st half group highlights In 1H FY25 Aussie Broadband Group: For personal use only Delivered a strong first half financial performance, with robust organic revenue growth across core segments, strong margin performance, and improved productivity in our call centre operations Continued connection gro
Slide 8: Aussie Broadband Group at a Glance
aussie broadband group at a glance For personal use only 7.8% 1,886 km 691 Connected buildings 204k Market share of Mobile services on-net NBN services¹ Aussie Fibre Network >4,300 across the Group Up 17k vs Jun-24 Up 165km vs Jun-24 Able to connect Up 0.4 ppt vs Jun-24 744k7,95 Australia’s most tru
Slide 9: 1H FY25 Financials
9 For personal use only 02 1h fy25 financials
Slide 10: 1H FY25 Financial Results
1h fy25 financial results1 For personal use only $588.5m $217.6m $65.8m $49.3 Revenue Gross Margin Underlying EBITDA2 Op Cash Flow3 Up 6.8% Up 7.5% Up 8.9% Down 25.8% Fully franked interim ordinary dividend of 1.6 cents per share and a fully franked special dividend of 2.4 cents per ordinary share a
Slide 11: 1H FY24 to 1H FY25 EBITDA Bridge
1h fy24 to 1h fy25 ebitda bridge For personal use only 75 71 70 22% HoH 66 growth 65 (5) $ in Millions 60 60 5 58 55 (7) 50 45 40 1H FY24 1H FY25 Buddy 1H FY25 1H FY24 Origin Costs Baseline Before Investment3 Underlying P/F Underlying Impact Pre - Removed2 EBITDA Buddy EBITDA EBITDA Overheads1 Comme
Slide 12: Cashflow & Leverage Summary
cashflow & leverage summary For personal use only Operating cash flow 1H FY24 1H FY25 % Change Strong Balance sheet ($m) 1. Reduction in operating cash flow and cash conversion impacted by timing of working Operating cash flow capital 66.4m 49.3m (25.8%) (before interest and tax) 2. Tax has increase
Slide 13: Capital Investment
capital investment 1H FY25 Capex Profile For personal use only $50.0m 1H FY25 Capex Commentary • Accelerated investment in internal cloud platforms, $45.0m Aussie Fibre ensuring greater capacity and readiness for future 9.6m growth $40.0m • Customer aligned Aussie Fibre investment has driven increas
Slide 14: Segment Performance
For personal use only 03 segment performance 14
Slide 15: Residential
residential Robust Growth in Aussie Broadband’s Core Segment Key Metric - Broadband Connections1,2 For personal use only Performance ($m) 1H FY24 1H FY25 % Change 650 Revenue 283.9 327.3 15.3% 6 600 SIOs in Thousands Cost of Goods Sold (198.1) (224.9) 13.5% 550 615 589 500 561 Gross Margin 85.8 102.
Slide 16: Scaling a challenger brand from a zero base
For personal use only Scaling a challenger brand from a zero base • 1H sales volume and net growth trajectory is lower than plan • Competitor response to Buddy launch has been intense with significant price based promotion activity Buddy Connections & Growth 7 6.484 • Ongoing investment in brand est
Slide 17: Business
business Revenue growth momentum continues For personal use only Performance ($m) 1H FY24 1H FY25 % Change Segment Key Metric - Broadband Connections1 65 Revenue 48.0 54.1 12.7% 60 SIOs in Thousands Cost of Goods Sold (26.4) (30.9) 17.0% 55 50 61 Gross Margin 21.7 23.2 6.9% 56 45 52 47 Gross Margin
Slide 18: Enterprise & Government
enterprise & government Data led revenue growth Segment Revenue Mix For personal use only Performance ($m) 1H FY24 1H FY25 % Change 60.0% 100% 92% 91% % of Recurring Revenue Revenue 41.7 47.2 13.2% 83% 85% 80% % of Revenue 40.0% 60% Cost of Goods Sold (19.7) (24.3) 23.4% 40% 20.0% 20% Gross Margin 2
Slide 19: Wholesale
wholesale Refocusing on new partnerships and voice Segment Key Metric - Broadband Connections2 For personal use only Performance ($m) 1H FY241 1H FY25 % Change 35 Revenue 72.1 56.1 (22.2%) 30 SIOS in Thousands Cost of Goods Sold (46.4) (36.6) (21.5%) 25 31 Gross Margin 25.8 19.5 (24.4%) 20 26 23 Gro
Slide 20: Symbio
symbio Delivering our FY25 focus and earnings growth Segment Key Metric – Hosted Numbers For personal use only Performance ($m) 1H FY241 1H FY25 % Change 6.00M 0.21m Revenue 105.2 103.8 (1.3%) 5.60M 0.21m 5.20M 0.21m Cost of Goods Sold (57.9) (54.2) (6.4%) 5.84m 4.80M 5.67m 5.43m 0.21m 5.11m Gross M
Slide 21: Updates & Summary
21 For personal use only 04 summary updates &
Slide 22: 2H FY25 Outlook & Guidance
2h fy25 outlook & guidance Revised Guidance For personal use only • Upgraded underlying EBITDA guidance to $133m to $138m, based on strong trading performance • Capex guidance increased by $20m reflecting accelerating investment in capacity, capability and Aussie Fibre in line with the Group’s Capit
Slide 23: Strategic Pillars and Investor Day 2025
strategic pillars investor day 2025 For personal use only • As part of look-to-28, Aussie is Grow across all segments and pleased to announce details of its continue to diversify revenue to deliver strong margins next Investor Day • Meet Aussie Broadband’s executive Expand Aussie Fibre network and l
Slide 24: Leadership Transition and FY26 Operating Segments
leadership transition fy26 operating segments group executives For personal use only • As previously reported Brian Maher is Jonathan Prosser stepping into the Group CEO role effective 1 March 2025 Group Executive – Residential • As we look-to-28 with our refreshed strategic aspirations we will be r
Slide 25: Key Takeaways from 1H FY25
key takeaways from 1h fy25 For personal use only Growth from the Core Short term & long term Leveraging the scale of Delivering sustainable returns growth Symbio to our shareholders 1H FY25 has saw increased investment in ABB continues to increase The Symbio acquisition has The announcement of our s
Slide 26: Appendices
26 For personal use only 05 appendices
Slide 27: Profit & Loss
profit & loss 1H FY24 1H FY25 Change % $m $m Revenue 551.0 588.5 6.8% For personal use only Network and hardware expenses (348.5) (370.9) 6.4% Gross Profit 202.5 217.6 7.5% Gross Margin % 36.8%) 37.0% 0.2 ppt Employee expenses (99.5) (102.8) 3.3% Marketing expenses (22.1) (26.7) 20.7% Administration
Slide 28: Balance Sheet
balance sheet Jun-24 Dec-24 Change $m $m For personal use only Cash and cash equivalents 213.5 135.4 (36.6%) Trade and other receivables 95.7 87.6 (8.5%) Plant and equipment 130.8 150.6 15.1% Right-of-use assets 49.7 56.2 13.1% Intangibles 609.8 610.0 0.0% Other assets 138.3 44.6 (67.8%) Total asset
Slide 29: Cashflow
cashflow 1H FY24 1H FY25 Change $m $m Receipts from customers 601.1 643.5) 7.1% For personal use only Payments to suppliers and employees (534.7) (594.2) 11.1% Operating cash flows before interest & tax 66.4 49.3) (25.8%) Net Interest Payments (4.6) (8.1) 76.1% Tax refund 0.9 (24.9) (2866.7%) Operat
Slide 30: Segment Summary - 1H FY25
segment summary - 1h fy25 Enterprise & Segment Residential Business Wholesale Symbio Group Government For personal use only Revenue 327.3m 54.1m 47.2m 56.1m 103.8m 588.5m Cost of Goods Sold (224.9m) (30.9m) (24.3m) (36.6m) (54.2m) (370.9m) Gross Margin 102.4m 23.2m 22.9m 19.5m 49.6m 217.6m Gross Mar