Slide 1: ASX cover letter for HY21 results presentation
Market Announcements Office Australian Securities Exchange For personal use only Level 4, 20 Bridge Street Sydney NSW 2000 Sydney, 20 August 2021 TPG Telecom Limited Results for Half Year Ended 30 June 2021 – Investor Presentation Please find attached for immediate release to the market an Investor
Slide 2: TPG Telecom Results Presentation, half year ended 30 June 2021
tpg tess TPG Telecom Results Presentation For the half year ended 30 June 2021
Slide 3: Acknowledgement of country
Ino tpg risss Acknowledgement of country _ @ A TPG Telecom acknowledges the Traditional Custodians of Country throughout Australia and the lands on which we, and our communities live, work and connect. We pay our respects to their Elders, past, present, and emerging. ‘Listening to Land - Connecting
Slide 4: HY21 Update
tpg sisss HY21 Update INaki Berroeta Chief Executive Officer and Managing Director
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Slide 9: Merger integration roadmap
loo tpg risss Merger integration roadmap Foundational phase now complete 2H20 2021 2022 2023 Phase One: Foundational Phase Two: Acceleration of value creation Organisation & isl orgeersstonal design oe & Optimise operating model & organisational effectiveness Corporate Launch,culture, te values & le
Slide 10: HY21 summary
ko HY21 summary Solid HY21 earnings result amid continuing headwinds Post-merger foundational phase complete 5G mobile rollout and synergies program on track Launched 5G home wireless, rapid early growth in 4G home wireless Improving subscriber trends tpg eoccce TELECOM
Slide 11: 2021 Half Year Financial Results
2021 Half Year Financial Results Stephen Banfield Chief Financial Officer
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Slide 13: HY21 financial summary
For personal use only HY21 HY20 % HY21 HY20 % 2 REPORTED REPORTED CHANGE UNDERLYING PRO FORMA CHANGE o Revenue $m 2,630 1,540 71% 2,630 2,712 (3%) EBITDA $m 886 531 67% 886 918 (3%) NPAT $m 76 83 (8%) 132 140 (6%) o EPS cps 4.1 19.0 (78%) 7.1 7.5 (6%) Operating free cash flow $m 28 (280) 110% 28 (50
Slide 14: Reported and pro forma income statement
For personal use only Reported Pro forma $m HY21 HY20 Variance Service revenue 2,195 2,345 (151) o Handset revenue 435 367 68 Total revenue 2,630 2,712 (82) Other income 8 6 2 Telco costs (973) (1,007) 34 o Cost of handsets sold (413) (364) (49) Gross Profit 1,252 1,347 (95) o Overheads (366) (429)
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Slide 16: Segment results
For personal use only CONSUMER SEGMENT CORPORATE SEGMENT OTHER GROUP Reported Pro forma Reported Pro forma Reported Pro forma Reported Pro forma $m HY21 HY20 Variance HY21 HY20 Variance HY21 HY20 Variance HY21 HY20 Variance Service revenue 1,757 1,875 (119) 438 470 (32) 0 2,195 2,345 (151) Handset r
Slide 17: Consumer and corporate segment revenue
For personal use only CONSUMER SEGMENT HANDSET MOBILE MOBILE FIXED o $m REVENUE POSTPAID PREPAID BROADBAND OTHER TOTAL HY21 387 667 223 849 18 2,144 o HY20 pro forma 348 739 251 824 61 2,223 Movement 39 (72) (28) 25 (43) (79) o CORPORATE SEGMENT HANDSET DATA AND $m REVENUE MOBILE FIXED VOICE INTERNE
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Slide 21: Cash flow
For personal use only HY21 HY20 HY20 o $m REPORTED REPORTED PRO FORMA Operating cash flow 567 318 693 Tax paid (4) - (56) o Mobile spectrum payments (22) (205) (688) Other capital expenditure (413) (266) (354) Merger transaction costs (1) (14) - Lease principal payments (68) (63) (61) o Financing co
Slide 22: Net debt and headroom
For personal use only $m Proforma net debt as at 30-Jun-20 4,557 2H20 net debt movement (344) Proforma net debt as at 31-Dec-20 4,213 1H21 net debt movement 169 Net debt as at 30-Jun-21 4,382 Debt facilities 5,250 Headroom as at 30-Jun-21 868 Net debt : EBITDA leverage ratio as at 30-Jun-21 2.8 Publ
Slide 23: Interim Dividend
Interim Dividend Interim Dividend 8.0cps Fully Franked | Payment date | 13 October 2021 | Record Date | 15 September 2021 7% increase on maiden FY20 dividend tpg eoccce TELECOM
Slide 24: Looking Ahead
tpg sisss Looking Ahead INaki Berroeta Chief Executive Officer and Managing Director
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Slide 27: H2 focus
H2 focus wy Continued growth in home wireless and on-net products Increase Enterprise & Government market impact Accelerate and expand cross-sell activities WN tpg sisss 5G rollout to reach scale in 10 of Australia’s largest cities and regions Continue to deliver on merger cost synergies target Embe
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Slide 30: Disclaimer
29 tpg sisss Disclaimer This presentation contains certain forward-looking and unaudited information. Such information is based on estimates and assumptions that, whilst considered reasonable by the group at the date of preparation, are subject to risks and uncertainties. Actual results and achievem