Tpg Telecom Limited · ASX:TPG
Tpg Telecom — Shareholder Meeting (2011)
24 slides from Tpg Telecom's shareholder meeting presentation, 2011
Slide 1: Annual General Meeting
I] , ANNUAL GENERAL MEETING TELECOM 5; 4
Slide 2: FY11 Financial Highlights
FY11 Financial Highlights FY11 EBITDA of $234.0m; 37% growth on prior year First full 12 months EBITDA contribution from PIPE Networks of $57.2m Strong organic EBITDA growth across all core continuing business operations Organic broadband subscriber growth for the year of 59k (77k On Net), driven by
Slide 3: FY11 Financial Highlights
FY11 Financial Highlights $m FY11 FY10 Growth Revenue 574.5 508.0 13% EBITDA 234.0 171.1 37% NPAT 78.2 55.7 40% EPS (cents) 10.1 7.6 33% EPS (cents) excl. intangible amortisation 14.3 11.8 21%
Slide 4: FY11 Financials: Consecutive Years of Strong Growth
FY11 Financials: 3 Consecutive Years of Strong Growth 2H09 1H10 1H11
Slide 5: FY11 Financials: EBITDA Growth
FY11 Financials: EBITDA Growth EBITDA Growth ($m) EBITDA Composition ($m) Strong organic EBITDA growth continued
Slide 6: FY11 Financials: Cash Flow
FY11 Financials: Cash Flow $m FY11 FY10 Operating Cash Flow 215.2 189.1 Tax (47.5) (16.8) Interest (23.4) (11.5) Capex (43.3) (68.2) Free Cash Flow 101.0 92.6
Slide 7: Bank Debt
Bank Debt $m Group debt balance at 31 July 2010 332 Repayments made during FY11 (100) Group debt balance at 31 July 2011 232 Further $10m repaid to-date in FY12 Debt to annual EBITDA leverage ratio < 1.0 Refinancing with existing syndicate for execution in Dec 11 - term extended to 2015 - improved p
Slide 8: Broadband Subscribers
Broadband Subscribers • All subscriber growth is organic • Overall On Net growth of 77k net additions in FY11 • On Net churn 1.5% • 19k On Net growth in 4 Months .to-date in FY12
Slide 9: Broadband ARPU
Broadband ARPU Overall Broadband ARPU Trend • ARPU now trending higher as the best selling bundled plan ($59.99 incl. GST) forms a larger proportion of the customer base • The bundle also 2H11 Broadband ARPU composition generates monthly call charge revenue not included in these charts; currently ap
Slide 10: Latest Consumer Bundle Deal
Latest Consumer Bundle Deal 24 MONTH PLAN UNLIMITED PER MONTH MIN CHARGE $1789.71 Includes upfront fees Offer available to new customers only LINE RENTAL UNLIMITED LOCAL 100 INTERNATIONAL Wi-Fi MODEM TPG Home Phone & Standard National Calls to Landlines Minutes Per Month . Internet Gateway Min charg
Slide 11: Introducing SOHO Bundle Deal
Introducing SOHO Bundle Deal
Slide 12: Improved Install Times
New Process IMPROVED INSTALL TIMES • Internet downtime during installation reduced to 2 hours or less • Available to new and existing customers • Formally implemented from December 11 Note: Previous installation process required ADSL2+ service to be cancelled prior to order – customers used to exper
Slide 13: Home Phone Subscribers
Home Phone Subscribers Strong growth driven by On Net broadband bundle
Slide 14: Mobile Subscribers
Mobile Subscribers Overall mobile base is growing now that wind-down of Soul mobile base is almost complete 36k TPG mobile subscriber growth in FY11 and 14k added in 4 months to-date in FY12
Slide 15: IntraPower
IntraPower IntraPower acquisition effective August 2011 Provides secure and reliable “IT-as-a-service” Winner of 2011 Australian Telecommunications Users Group (ATUG) Award for the Best Communications Initiative for Small Business Trusted Cloud Platform Enables on-demand network access to a shared p
Slide 16: PIPE Networks
PIPE Networks Strong organic EBITDA growth, driven by domestic Fibre, Ethernet and IP sales $6.4m net gain on sale of domestic capacity IRU in 2H11 partially off-set by increased duct rental charges arising from network rollouts to service major contract wins FY10 EBITDA (pre acquisition by TPG) inc
Slide 17: PIPE Networks Network Utilisation
PIPE Networks Network Utilisation 350,000 300,000 250,000 Fibre length (kms) 200,000 Spare Capacity 150,000 Utilised 100,000 50,000 0 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Fibre network at 2,147 cable kms at Nov 2011, with significant growth during FY11 due to VHA, ASX and IRESS da
Slide 18: PIPE Networks – Sydney Network Growth
PIPE Networks – Sydney Network Growth
Slide 19: PIPE Networks – Melbourne Network Growth
PIPE Networks – Melbourne Network Growth
Slide 20: PIPE Networks – Brisbane Network Growth
PIPE Networks – Brisbane Network Growth
Slide 21: PIPE Networks – Gold Coast Network Growth
PIPE Networks – Gold Coast Network Growth
Slide 22: Guidance
Guidance $m Guidance FY12 EBITDA 250 - 260 Year-to-date results tracking well against budget
Slide 23: Thank you
Thank you Questions?
Slide 24: Disclaimer
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 fr