Pentanet Ltd · ASX:5GG
Pentanet — H1 FY2025 Earnings Presentation
19 slides from Pentanet's earnings presentation, Feb 26, 2025
Slide 1: Investor Update H1 FY25
1 ASX : 5GG INVESTOR UPDATE H1 FY25 26 FEBRUARY 2025 “You can’t change the direction of the wind, but you can adjust the sails, and if the wind will not serve, take to the oars” - Latin proverb
Slide 2: Disclaimer
2 DISCLAIMER IMPORTANT: You must read the following before continuing. Summary information in relation to Pentanet Limited. This presentation contains summary information about Pentanet Limited (ACN 617 506 279) (“Company”), its subsidiaries and their activities which is current as at the date of th
Slide 3: Agenda
3 AGENDA 01 02 03 04 INTRODUCTION STRATEGY FINANCIAL Q&A AND UPDATE RESULTS KEY HIGHLIGHTS STEPHEN CORNISH MART DERMAN MANAGING DIRECTOR CHIEF FINANCIAL OFFICER
Slide 4: Introduction and Summary of Results
4 INTRODUCTION AND SUMMARY OF RESULTS We're excited to share a significant turning point in our business journey, marking the fruition of our strategic focus over the past several quarters. Our commitment this year to double our 5G coverage is on schedule, and not only bolsters our ultrafast bandwid
Slide 5: Key Financial Highlights from H1FY25
5 Key Financial Highlights from H1FY25 Delivering First EBITDA+ YTD ~$0.4m EBITDA improvement H1FY24 to H1FY25 Consolidated Revenue increase of 6% PcP Consolidated gross profit increased 6% on PcP Gaming revenue up 31% on PcP EBITDA is a financial measure which is not prescribed by Australian Accoun
Slide 6: Key Operational Updates
6 Key Operational Updates Aim of doubling 5G coverage across FY25 is on track Improved Telco Operating Efficiencies 709 5G subscribers added to date Increased NVIDIA Cloud GPU Optimisation Furthered CloudGG Monetisation Strategy
Slide 7: FY25 1H Strategy Recap
7 FY25 1H Strategy Recap Amidst other operational initiatives, these were the key objectives completed which underpinned our forward strategy Implement Accelerate 5G Implement next phase of End FY25 1H operating cost coverage CloudGG user EBITDA+, Continue efficiency expansion monetisation to increa
Slide 8: Traditional Fixed-wireless: On track to double 5G coverage
8 On track with aim to double our 5G coverage across FY25 Telco is focused on building 5G coverage before launching a new competitive offering at scale Fourteen towers upgraded to 5G, and on-track to complete an additional five in 2HFY25 Upon completion of FY25 upgrade program, roughly half of our t
Slide 9: Still adding new users incrementally as we build 5G coverage
9 Still adding new users incrementally as we build 5G coverage Resources are focused on coverage and capacity expansion to facilitate returning to high growth On-net Off-net Total To drive a competive on-net offering in market, we need H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 the Ultrafast capabili
Slide 10: NVIDIA Cloud Strategy
10 Every month, our free users play for over 20 million minutes on our infrastructure. That would equate to one NVIDIA Cloud Strategy person gaming 24 hours a day for FOURTY YEARS. Own & Operate the Largest Commercial Deployment of NVIDIA GPU’s in the Country, Profitably Profitable Gaming Platform I
Slide 11: Cloud accretion, driving growth across all metrics
11 Cloud accretion, driving growth across all metrics Revenue $’000 ARPU +31% PcP $1,133 $962 +7% PcP $16 $15 $858 $12 $13 $426 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY23 H1 FY24 H2 FY24 H1 FY25 Prior Comparative Period Prior Comparative Period Moving our cloud gaming market monetisation strategy into
Slide 12: Our strategy drove revenue and GP growth, EBITDA up $0.4m on PcP
12 Our strategy drove revenue and GP growth, EBITDA up $0.4m on PcP Revenue ($m) Gross Profit ($m) EBITDA ($m) +6% PcP $5.2m $0.2m +6% PcP $11.1m ($0.3m) ($0.2m) ($1.0m) $4.9m $10.5m $10.4m $4.7m $10.0m $4.5m H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY23 H1 FY24 H2 FY24 H1
Slide 13: Financial Results
13 FINANCIAL RESULTS Implementing a robust first-half year strategy has proven instrumental in bolstering our business's financial position. By focusing on strategic direction, we identified and capitalized on key opportunities that enhanced our financial stability and growth. Through disciplined ex
Slide 14: Consolidated revenue update across segments
14 Consolidated revenue update across segments Revenue ($m) +6% PcP Group revenue grew by 6% QoQ and 10% on PcP to $11.1m $11.1 million GeForce NOW revenue saw a significant increase, up 31% on PcP, driven by a combination of membership $10.5m growth and the implementation of price increases across
Slide 15: Consolidated gross profit update across segments
15 Consolidated gross profit update across segments Gross Profit ($m) +6% PcP $5.2m Gross profit improved in line with revenue growth, reflecting strong operational performance and effective cost management initiatives across the business. $4.9m Consolidated gross profit is up 6% on PcP to $5.2 mill
Slide 16: EBITDA improvement driven by strategic priorities
16 EBITDA improvement driven by strategic priorities: revenue gains and cost optimisation EBITDA ($m) $0.2m EBITDA improved by $0.4m QoQ, reaching $0.2 million, marking a positive result YTD ($0.3m) ($0.2m) ($1.0m) Revenue growth across telecommunications and GeForce NOW contributed to the EBITDA up
Slide 17: Wrapping up, key takeaways
17 Wrapping up, key takeaways Delivering First EBITDA+ H1 FY25 Aim to doubling of 5G coverage across FY25 is on track Increased NVIDIA Cloud GPU Optimisation We expect financial growth to continue across H2 FY25 EBITDA is a financial measure which is not prescribed by Australian Accounting Standard
Slide 18: Q&A
18 Q&A
Slide 19: Glossary
19 Glossary ARPU (Average Revenue Per User) GPU (Graphics Processing Unit) A key performance indicator that calculates the average revenue generated A specialised electronic circuit designed to accelerate the rendering of per user or subscription over a specific period, often used to measure the ima