Hutchison Telecommunications (Australia) Ltd
Hutchison Telecommunications (Australia) — H1 2010 Earnings Presentation
15 slides from Hutchison Telecommunications (Australia)'s earnings presentation, Aug 4, 2010
Slide 1: Hutchison Telecommunications (Australia) Limited 2010 Half Year Results
Hutchison Telecommunications (Australia) Limited 2010 Half Year Results Nigel Dews Vodafone Hutchison Australia Chief Executive Officer 4 August 2010
Slide 2: Financial Highlights
Financial Highlights • HTAL profit for 1st half $17.9 million • $53.0 million improvement • HTAL’s share of VHA results • Customer service revenue of $1,070.9 million, up $207.8 million or 24.1% • 36.0% increase in half year operating margin • EBITDA $222.7 million, an increase of 127.0% Unless othe
Slide 3: VHA Operating Highlights
VHA Operating Highlights • 7.4 million customers end of June up 17.8%, 539,000 customers added in 1st half • 58.0% of base postpaid up from 55.5% • 2.3 million 3G services customers, up 150.2% • Post paid handset churn steady at 1.3% • Average customer acquisition cost per customer of $155 • ARPU $5
Slide 4: VHA Key Financials
VHA Key Financials Half Year to 30 Half Year to 31 Half Year to 30 (HTAL’s Share - $million) YoY Change Jun 10 Dec 09 Jun 09 Total revenue 1,179.1 1,127.6 912.5 29.2% Service revenue 1,070.9 1,021.4 863.1 24.1% EBITDA 222.7 77.1 98.1 127.0% CAPEX 124.1 130.9 105.3 17.9% Unless otherwise stated, all
Slide 5: VHA Customer Base
VHA Customer Base (Customers '000) 7,434 6,895 6,311 Jun.09 Dec.09 Jun.10 Net adds of 539,000 in 1st half Mobile Customer Base = Active customers (including wholesale) 5
Slide 6: VHA Mobile Broadband customers
VHA Mobile Broadband customers (Customers ‘000) 2,317 782 1,390 Mobile Broadband 3G Services on Handset 926 673 1,535 547 717 379 Jun-09 Dec-09 Jun-10 150.2% increase in MBB customers Mobile Broadband customers = Mobile Broadband cards, USB Modems and NetConnect Cards 3G Services on Handset customer
Slide 7: Service Revenue & Margin
Service Revenue & Margin (HTAL Share - $ million) 1,071 1,021 863 828 Service Revenue 777 Operating Margin 609 1H09 2H09 1H10 36.0% increase in half year margin 7
Slide 8: ARPU
ARPU $63 $56 $53 1H09 2H09 1H10 Underlying ARPU steady ARPU represents the rolling 12-month average revenue per user. 8
Slide 9: Non-voice ARPU
Non-voice ARPU $21 $21 $20 SMS 3G services $ 10 $ 10 $ 10 $ 11 $ 11 $ 10 1H09 2H09 1H10 Non-Voice ARPU remains strong 3G services includes all non-voice services with the exception of SMS 9
Slide 10: Operating Expenditure per Customer
Operating Expenditure per Customer $218 $217 $181 1H09 2H09 1H10 Leveraging scale VHA results are 100% of the underlying operating entity 10
Slide 11: Acquisition Costs per Customer
Acquisition Costs per Customer $193 $153 $155 1H09 2H09 1H10 Acquisition costs under control 11
Slide 12: CAPEX
CAPEX (% Service Revenue) 12.2% 12.8% 11.6% 1H09 2H09 1H10 Capex will increase in second half 12
Slide 13: Progress on Merger
Progress on Merger • Good progress through first half 2010 including; – Head and State offices consolidated – Vodafone network assets utilised for ‘3’ customers – Transmission, core network and network managed services vendors appointed – Consolidation of contact centre operations in Hobart and Mumb
Slide 14: 2010 VHA Outlook
2010 VHA Outlook • Continued focus on business integration throughout 2010 and 2011 • Steady growth in customer acquisition fuelled by innovative offers • Intense price competition expected to continue • Maintain focus on customer satisfaction to keep churn low • NBN shaping up well, priority for ba
Slide 15: Hutchison Telecommunications operations
MM Hutchison BM Telecoms Telecommunications operations of MUL Hutchison Whampoa Limited EN Hutchison Hi Telecoms
Hutchison Telecommunications (Australia) — H1 2010 Earnings Presentation on 6ix