Netlink Nbn Trust · SGX:CJLU
Netlink Nbn Trust — Shareholder Meeting (July 2024)
15 slides from Netlink Nbn Trust's shareholder meeting presentation, Jul 23, 2024
Slide 1: Management Presentation
23 July 2024 Management Presentation
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute or form part of an offer, solicitation, recommendation or invitation for the sale or purchase or subscription of securities, including units in NetLink NBN Trust (the “Trust” and the units in the Trust, the “Units”
Slide 3: Our business overview
Our business overview Non-Residential 53,482 End-Users Residential 1,506,997 End-Users • Non-Residential Premises • High Rise Residential Apartments • Landed Residential Area Ducts & Manholes 10 Central Offices 2,979 NBAP Connections • Lamp Post • Mobile Base Station 3,542 Segment Connections • WiFi
Slide 4: Our business is future proof
Our business is future proof Preferred High Low prices for Critical Scalable and means of fixed penetration rate fibre broadband infrastructure supportive of broadband in the residential supporting future delivery segment last-mile transmission wireless access technologies solutions 4
Slide 5: FY24 Financial highlights
FY24 Financial highlights REVENUE EBITDA FY24 $411.3m + 1.9% FY24 $292.4m - 0.9% FY23 $403.5m FY23 $295.0m WEIGHTED AVERAGE MARKET NET GEARING DEBT MATURITY CAPITALISATION 23.1% $3.3 billion Comfortable debt headroom 2.4 years Unit price of $0.855 as at 28 Mar 24 5
Slide 6: Steady growth of fibre connections
Steady growth of fibre connections Non-Building Residential Non-Residential Segment(1) Address Points FY24 1,506,997 53,482 2,979 3,542 FY23 1,485,271 52,120 2,706 2,843 FY22 1,464,217 50,278 2,404 1,901 FY21 1,446,784 48,108 1,996 1,146 FY20 1,427,445 47,681 1,679 417 (1) Segment connections compri
Slide 7: Resilient business model
Resilient business model Residential Non- NBAP & Ducts & Co-Location Central Office Installation Ancillary Connections Residential Segment Manholes Service Revenue Revenue Related & Project Connections Connections Revenue Other Revenue Revenue RAB REVENUE NON-RAB REVENUE % of FY24 Revenue 60.2 8.1 4
Slide 8: Key focus for FY25
Key focus for FY25 1. Grow NBAP & Segment connections by supporting deployments related to Smart Nation and cloud-based services 2. Continue to support digitalisation of SMEs by lowering the cost of connections 3. Enhance our Colocation facilities to support the upgrade of the Nationwide Broadband N
Slide 9: FY24 Profit or loss statement
FY24 Profit or loss statement Variance Revenue for FY24 was higher by $7.8m mainly $’000 FY24 FY23 contributed by higher connections and installation-related (%) revenue offset by lower ancillary revenue. Revenue 411,276 403,460 1.9 EBITDA was $2.6m lower mainly due to: • one-off non-cash write-off
Slide 10: Strong credit metrics and operating cash flow
Strong credit metrics and operating cash flow Mar 2024 Mar 2023 Gross Debt $765m $735m Weighted Average Debt Maturity 2.4yrs 3.4yrs Net Debt/EBITDA(1) 2.0x 1.8x Borrowings at Fixed Rate 78.4% 69.4% FY24 FY23 EBITDA Interest Cover(1) 14.0x 18.6x Effective average interest rate(2) 2.75% 2.32% Operatin
Slide 11: Attractive distribution yield
Attractive distribution yield Distribution per Unit (Singapore cents) Distribution yield (%) 5.05 5.08 5.13 5.24 5.30 6.20 3.11 5.22 5.42 Bloomberg as at 28 Mar 2024 FY20 FY21 FY22 FY23 FY24 NetLink (1) 10-YR SG STI Yield FTSE ST • NetLink’s DPU has been growing steadily yoy since its NBN Yield Govt
Slide 12: Our sustainability commitments
Our sustainability commitments TARGET INITIATIVES • Achieve 50% reduction in Scope 1 and 2 • Rolled-out LED lighting in central emissions by 2030 (with FY22 as offices baseline) • Upgrading central offices’ cooling system with more efficient and low • Achieve net zero by 2050 carbon models • Plannin
Slide 13: Our sustainability achievements
Our sustainability achievements OUR OUR PEOPLE OUR ENVIRONMENT BUSINESS PRACTICES & COMMUNITIES • Zero incidents of corruption • Scrap rate of 1.2% on fibre • 16,780 learning hours in total and significant non-compliance cable issued, within target of • No incidents of with laws and regulations 2.5%
Slide 14: Our corporate awards and recognitions
Our corporate awards and recognitions Singapore Corporate Singapore Corporate SIAS Investors’ The Edge Billion Governance and Awards Choice Award Dollar Club Transparency Index RANKED 5TH GOLD WINNER WINNER Best Investor Shareholder Highest Growth in Relations Award Communication PAT over three year
Slide 15: Thank you
Thank you