Slide 1: Discover Asia Pacific's New Extraordinary Network
Discover Asia Pacific’s New Extraordinary Network ASX:SLC H1 FY21 Half Year Results & Market Update Tuesday 23rd February 2021 H1 FY21 Update 1
Slide 2: Disclaimer
Disclaimer No reliance To the maximum extent permitted by law, the information contained in this presentation is given without any liability whatsoever being accepted by Superloop Limited (Superloop) or any of its related bodies corporate or their respective directors, officers, partners, employees,
Slide 3: H1 FY21 Operational Highlights
H1 FY21 Operational Highlights 99% 66% EBITDA growth PcP 30% ~$25m Home Broadband Core Fibre Connectivity TCV major new Consumer $8.2m revenue growth customer win Subscription (H1 FY20 $4.1m) Growth PcP 3 H1 FY21 FY20Update Update 3
Slide 4: Momentum by Customer Segment
Momentum by Customer Segment International/Wholesale Enterprise Consumer 30% Fibre Connectivity revenue growth PcP 66% Home Broadband Subscriptions PcP 70% Home Broadband Revenue growth PcP A multi year major contract win, for New enterprise pipeline Superloop nbn TC4 Aggregation developing to expec
Slide 5: Connectivity customer sales & major wins
Connectivity customer sales & major wins New Fibre Connectivity Annualised Revenue Sold Major contract win, executed (excluding IRUs & swaps) after period closed (Qtr 3), Total Contact Value $25m $8.4m Symbio $15 Million H1 FY21 Connectivity Sales TCV Contract Terms & Total Contract Value (TCV) $8.6
Slide 6: Home Broadband Plans
Home Broadband Plans 6 H1 FY21 FY20Update Update 6
Slide 7: Financial Performance
Financial Performance 7 H1 FY21 FY20Update Update 7
Slide 8: H1 FY21 Group Profit & Loss Performance
H1 FY21 Group Profit & Loss Performance $’Mil H1 FY20 H1 FY21 PcP Total Superloop Group Total Revenue $51.3 $53.3 4% Direct Costs $(24.8) $(28.7) -16% Gross Margin $26.5 $24.6 -7% $53.3m Gross Margin % 52% 46% -11% H1 FY21 Total Revenue Operational Costs $(22.4) $(16.4) 27% $24.6m Gross Margin Statut
Slide 9: Group Revenue & EBITDA PcP movement
Group Revenue & EBITDA PcP movement Group Revenue PcP Movement Group EBITDA PcP Movement 99% EBITDA $6.2m Growth PcP $(2.2)m $5.7m $53.3m Revenue $51.3m H1 FY21 Revenue $(5.9)m $8.2m H1 FY20 $3.9m EBITDA $(2.0)m H1 FY21 $4.1m EBITDA H1 FY20 $(2.5)m $2.9m Temporary Non core Recurring Home Fixed Wirel
Slide 10: H1 FY21 Performance by Segment
H1 FY21 Performance by Segment H1 FY20 H1 FY21 Core Fibre Connectivity +29% growth in gross margin as Gross Gross Gross Gross business continues to focus on #039;Mil Revenue Revenue GM PcP GM Growth Margin Margin % Margin Margin % building recurring revenue through increased utilisation of network asse
Slide 11: Financial Position at December 2020
Financial Position at 31 December 2020 $’Mil H1 FY20 H1 FY21 Change Free Cash flow by Half(3) $(0.3)m Cash Flows Operating cash flows 6.0 8.0 2.0 $(3.3)m +$2.0m operating cash flows compared to Investing cash flows (44.9) (8.3) 36.6 $(15.4)m H2 H1 previous corresponding period FY20 FY21 Financing cash fl
Slide 12: H1 FY21 Outlook
H1 FY21 Outlook 12 H1 FY21 FY20Update Update 12
Slide 13: FY21 EBITDA Outlook - Guidance $18m-$20m
FY21 EBITDA Outlook - Guidance Re-affirming EBITDA Guidance of $18m - $20m. $18m- $20m FY21 EBITDA Latest expectation bottom end of the Guidance range primarily due to continuing but temporary implications of COVID on Hospitality and Education sectors. 13 H1 FY21 FY20Update Update 13
Slide 14: With record results across all our major financial metrics
With record results across all our major financial metrics H1 21 clearly demonstrated the strong momentum in each of our three customer segments, we remain confident that our strategy will see this progress continue into the future. Paul Tyler Chief Executive Officer H1 FY21 Update 14
Slide 15: Thank you Contact details
Thank you Contact details investor@superloop.com https://investors.superloop.com H1 FY21 Update 15
Slide 16: Appendix
Appendix 16 H1 FY21 FY20Update Update 16
Slide 17: Superloop's International Subsea Network Connecting Asia Pacific to Europe & North America
Superloop’s International Subsea Network Connecting Asia Pacific to Europe & North America Asia Pacific Fibre Network INDIGO West INDIGO Central Additional Subsea 17 H1 FY21 FY20Update Update 17
Slide 18: Platforms Leveraging our Asia Pacific Network
Platforms Leveraging our Asia Pacific Network Fibre Networks in Singapore, Australia & Hong Kong (Connectivity) Fixed Wireless Network across Australia (Connectivity) CyberHound Secure Internet (Services) Guest WiFi platform for leisure, health & education campuses (Broadband) Residential & small bus
Slide 19: Super Network for Super Customers across Asia Pacific
Super Network for Super Customers across Asia Pacific Enterprise / Business Cloud OTT & Global Service Education & Student Customers / Channel Content Providers Providers & Wholesalers Accommodation Partners + the major OTT players Disclaimer: any brands and trademarks are the property of their respe
Slide 20: Connectivity Foundation
Connectivity Foundation $m Revenue by Half H2 FY19 H1 FY20 H2 FY20 H1 FY21 $7.9 92% Margin % $8.6 Fibre Connectivity $10.1 $9.1 Continuous growth in strong underlying recurring fibre connectivity revenue, with 30% PcP growth. Fixed Wireless (Connectivity) Fibre(1) (Connectivity) 36% Margin % Fixed Wi
Slide 21: Broadband Segment leveraging our Fibre Connectivity Foundation
Broadband Segment leveraging our Fibre Connectivity Foundation $m Revenue by Half H2 FY19 H1 FY20 H2 FY20 H1 FY21 Guest WiFi (1) (Broadband) Guest WiFi Broadband Underlying recurring Guest WiFi Installation Revenue $1.3 47% revenue reduction of 38% PcP, z $0.5 Margin % International border closures
Slide 22: Services Segment includes non-core CMS + core CyberHound
Services Segment includes non-core CMS + core CyberHound $m Revenue by Half H2 FY19 H1 FY20 H2 FY20 H1 FY21 Cloud Managed Services In 2019, Superloop notified investors and customers that CMS would be discontinued. There has been an accelerated decline in H1 FY21 with all customers exited as at Cloud
Slide 23: Fibre Scale Economics: H1 FY21 Revenue
Fibre Scale Economics: H1 FY21 Revenue $12.8 $7.6 $1.9 million million million AUSTRALIA SINGAPORE HONG KONG 57% PcP revenue growth(1) 7% PcP revenue growth(4) 28% Pcp revenue growth(4) $138m Asset Carrying Value(3) $54m Asset Carrying Value(3) $66m Asset Carrying Value(3) 31.3% Utilisation(2) 17.7%
Slide 24: Historical Financial Performance by Sub-Segment (1/2)
Historical Financial Performance by Sub-Segment (1/2) $000 H2 FY19 H1 FY20 H2 FY20 H1 FY21 Connectivity Revenue Australia Fibre 8,801 8,155 11,307 12,775 Singapore Fibre 5,376 7,415 7,482 7,588 Hong Kong Fibre 1,977 1,584 2,015 1,931 Core Fibre Connectivity 16,154 17,154 20,804 22,294 Subsea develop
Slide 25: Historical Financial Performance by Sub-Segment (2/2)
Historical Financial Performance by Sub-Segment (2/2) $000 H2 FY19(1) H1 FY20 H2 FY20 H1 FY21 Rest of Business Revenue Guest WiFi Revenue 7,117 5,792 5,476 3,615 Home Broadband Revenue 8,173 8,761 11,827 14,931 Total Broadband Revenue 15,290 14,554 17,303 18,546 Services Revenue 10,595 10,001 8,125
Slide 26: H1 FY21 Direct & Indirect Operating Costs Performance
H1 FY21 Direct & Indirect Operating Costs Performance $’Mil H1 FY20 H1 FY21 PcP Direct Costs Increase in direct costs generally attributable to increase in sales. Connectivity Direct Costs $(12.3) $(14.8) (20.8)% Services direct cost closely managed through the divestment of CMS. Broadband Direct Co