Slide 1: Tuas Limited: Results Presentation (ASX cover letter)
19 September 2023 The Manager Market Announcements Office Australian Stock Exchange ELECTRONIC LODGEMENT Dear Sir or Madam Tuas Limited: Results Presentation In accordance with the Listing Rules of the Australian Securities Exchange, Tuas Limited (ASX: TUA) encloses for immediate release a presentat
Slide 2: Tuas Limited FY23 Results Presentation
Tuas Limited FY23 Results Presentation (1 August 2022 to 31 July 2023) 19 September 2023 Page 1
Slide 3: Agenda
Agenda 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All reported numbers are in Singapore Dollars. Page 2
Slide 4: Tuas Group Financial Results
Tuas Group Financial Results (in S$’M) FY23 FY22 FY21 Revenue 86.1 57.4 32.2 EBITDA 31.1 15.5 (0.5) NPAT (15.3) (26.7) (28.2) • Continued strong improvement in key financial metrics. • EBITDA more than doubled from a year ago. Page 3
Slide 5: Key Financial Metrics
Key Financial Metrics Revenue Performance In $Million Revenue & EBITDA • 50% year-on-year increase driven by 90.0 40% growing subscriber base 35% • >100% EBITDA increase 70.0 30% 86.1 25% 50.0 ARPU 20% • Year-on-year increase from $9.19 to 30.0 57.4 31.1 15% 10% $9.37 per month 32.2 15.5 10.0 5% 0%
Slide 6: Subscriber Growth
Subscriber Growth Active Services ('000) 900 800 700 819 600 691 500 587 400 487 300 392 200 282 100 0 1H FY20/21 2H FY20/21 1H FY21/22 2H FY21/22 1H FY22/23 2H FY22/23 Page 5
Slide 7: Cash Flow
Cash Flow From 1 August 2022 to 31 January 2023 S’000 Cash and Term Deposits at 31 July 2022 49,554 Cash receipts from customers 92,119 Cash paid to suppliers and employees (52,941) Interest Received 791 Net cash from operating activities 39,969 Acquisition of Plant & Equipment (43,392) Acquisition
Slide 8: 5G Updates
5G Updates • 5G NSA has been commercially launched. • More than 35% of user base has 5G devices. • On target to exceed 60% outdoor coverage by end 2023. • eSIM enabled. • Potential flexibility to optimise spectrum assets. Page 7
Slide 9: Fibre Broadband
Fibre Broadband • Early October 2023 launch targeting homes in the North-East Corridor. • Full launch by end 1H FY24. Page 8
Slide 10: Outlook
Outlook • Expected mobile continued subscriber growth in FY24. • FY24 mobile and broadband CAPEX guidance of $45m to $50m. • Will exceed IMDA 5G coverage milestone and continue to expand and deepen 5G footprint. • Focus on completing broadband rollout. Page 9
Slide 11: Forward-looking information disclaimer
This presentation contains certain forward-looking and unaudited information. Such information is based on estimates and assumptions that, whilst considered reasonable by the company, are subject to risks and uncertainties. Actual results and achievements could be significantly different from those
Slide 12: Q&A
Q&A Page 11