Singapore Telecommunications Limited · SGX:Z74
Singapore Telecommunications — Singtel — Investor Day (August 2024)
13 slides from Singapore Telecommunications's investor day presentation, Aug 29, 2024
Slide 1: Singtel Investor Day 2024
Singtel Investor Day 2024 From transformation to growth Investor Day 2024 29 August 2024 1
Slide 2: Positive reaction to Singtel28 strategy
Positive reaction to Singtel28 strategy Shares up 22% since announcement Lift business Smart capital Dividend + Growth performance management EBIT growth to be high Value realisation single to low double digits dividend of 3-6¢ Sustained value realisation Announcement of $2.93 Singtel28 ▲ 22% MSCI $
Slide 3: Solid start to FY25
Solid start to FY25 Led by Optus & NCS; sustained headwinds of S$46M from depreciation of Nigerian Naira & ASEAN currencies Operating revenue Regional associates’ PAT S$3,413M S$405M ▼ 2% (▼ 2%1) ▼ 5% (Stable%1) Strong balance sheet Ex Trustwave1 Stable EBITDA Underlying net profit S$3.5B cash balan
Slide 4: Revenue performance
Revenue performance Revenue up 1% excluding Trustwave, satellite deployment fees & forex Revenue (S$M) Q1FY25 revenue growth 3,488 38 3,413 82 4 Sustained mobile service momentum in SG & AU +1% Gov+ & Telco+ led growth at 3,415 NCS 3,368 Nxera up mainly on reservation fee & utility pass-through -5 Q
Slide 5: Singtel28
Drive top- Leaner cost line growth structure Delivering Singtel28 Beyond Proactive mobile for capital regional management associates Investor Day 2024 5
Slide 6: Drive top-line growth
Drive top-line growth Core turnaround SG Enterprise expansion with new Mobile & enterprise services & global wins momentum New value pools in 5G slicing Build on positive mobile & telco APIs pricing trends Strong IoT traction (~1M EV Mid-market & SMB mobile-led SIMs across APAC) growth First major g
Slide 7: Drive top-line growth: Digital InfraCo
Drive top-line growth Digital InfraCo Scale to >200MW by 2026; Deliver revenue & margin advance Paragon & GPUaaS expansion Take care Trish! and Nxera EBITDA have by to double a 2028 great week Take care Trish! and have a great week >400 Targeting bigger markets ahead! ahead! 40% from outside SG 1 ~1
Slide 8: Leaner cost structure
Leaner cost structure Right size opex & capex Core business costs Corporate costs Capex S$200M cost savings in FY251,2 Mid-term reduction Towards a sustainable ~26% delivered in Q1 of 20%2 capex structure Workforce 5G rollout past peak; Shared services legacy network shutdown optimisation Reduce ope
Slide 9: Beyond mobile for regional associates
Beyond mobile for regional associates Strategic repositioning & value creation initiatives Operational Financial Capture new growth Create greater value Positive market dynamics Sustained value creation from industry consolidation initiatives for shareholders Growth potential of fibre Astute asset r
Slide 10: Proactive capital management
Proactive capital management Funding growth & returns Forged strong capital partnerships ~S$6B asset recycling target in the mid-term 20% Nxera stake sale 49% Comcentre stake 70% Indara stake sale to KKR sale to Lendlease to AustralianSuper Associates Non-core assets Growth engines Properties Patien
Slide 11: Committed to growing total dividends on a sustainable basis
Committed to growing total dividends on a sustainable basis >$6B in dividends declared since Strategic Reset Strategic S cents Reset Revised dividend policy 15.0 Core dividend growth tracks improvement in 3.8 5.0 business performance VRD funded by excess +52% capital from asset recycling efforts1 11
Slide 12: Charting a path to long-term sustained shareholder value
Charting a path to long-term sustained shareholder value Multiple growth drivers for Singtel28 Enterprise expansion in SG & AU Mobile repricing in AU Doubling of Nxera EBITDA by 2028 NCS margin expansion Regional associates Mobile repricing FBB & enterprise growth Mid-term cost-out programmes
Slide 13: Investor Day 2024
Investor Day 2024 13