Slide 1: Tuas Limited Half Year 2024 Results Presentation
Tuas Limited Half Year 2024 Results Presentation (1 August 2023 to 31 January 2024) 20 March 2024 Page 1
Slide 2: Agenda
Agenda 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All reported numbers are in Singapore Dollars. Page 2
Slide 3: Tuas Group Financial Results
Tuas Group Financial Results (in S$’M) FY24 1H FY23 2H FY23 1H FY22 2H FY22 1H Revenue 54.7 46.5 39.6 31.8 25.6 EBITDA 22.4 16.8 14.3 9.2 6.3 NPAT (3.5) (7.8) (7.5) (13.3) (13.4) • Continued strong improvement in key financial metrics. Page 3
Slide 4: Key Financial Metrics
Key Financial Metrics Revenue Performance • 38% revenue increase over 1H FY23 In $Million Revenue & EBITDA 60.0 45% driven by growing subscriber base 40% • 56% EBITDA increase over 1H FY23 50.0 35% 54.7 • EBITDA margin of 41% compared to 40.0 46.5 30% 36% in 1H FY23 39.6 25% 30.0 31.8 20% ARPU 20.0
Slide 5: Subscriber Growth
Subscriber Growth Active Mobile Services (‘000) Page 5
Slide 6: Cash Flow
Cash Flow From 1 August 2023 to 31 January 2024 S’000 Cash and Term Deposits at 31 July 2023 44,002 Cash receipts from customers 60,409 Cash paid to suppliers and employees (33,618) Interest Received 742 Net cash from operating activities 27,533 Acquisition of Plant & Equipment (23,684) Acquisition
Slide 7: 5G Updates
5G Updates • Exceeded IMDA’s milestone of 60% outdoor coverage as at Dec 2023 with results of >80%. Page 7
Slide 8: Fibre Broadband
Fibre Broadband • Completed 4 out of 9 residential COs. • Initial indications are positive with more than 1,200 orders and 70% services activated as at mid March 2024. • Singapore Government has announced that up to $100M in grant funding is available across operators who bring consumers onto 10Gbps
Slide 9: Outlook
Outlook • Expected mobile continued subscriber growth in 2H FY24. • FY24 mobile and broadband CAPEX guidance of $45m to $50m. • Targeting to achieve full year positive net cashflow. • Focus on transition to 10Gbps fibre broadband offering and ramping up customer acquisition Page 9
Slide 10: 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 11: Q&A
Q&A Page 11