Tuas Ltd. · ASX:TUA
Tuas — Shareholder Meeting (December 2022)
22 slides from Tuas's shareholder meeting presentation, Dec 2, 2022
Slide 1: Tuas Limited AGM – Chairman's Address and CEO Presentation
2 December 2022 ASX Market Announcements Office Australian Securities Exchange Dear Sir/Madam Tuas Limited AGM – Chairman’s Address and CEO Presentation Attached is the Chairman’s address together with the CEO’s presentation to the Annual General Meeting (AGM) of Tuas Limited (ASX:TUA) to be held at
Slide 2: Tuas Limited AGM
Tuas Limited AGM 2nd December 2022 Page 1
Slide 3: How to ask a question
How to ask a question • To ask a written question select the Q & A icon • Select the topic your question relates to from the drop-down list • Type your question in the text box and press the send button • To ask a verbal question follow the instructions below the broadcast window.
Slide 4: How to vote
How to vote • When the poll is open, select the vote icon at the top of the screen Items of Business • To vote, select either For, Against or Abstain 2A Re-elect Mr Sam Sample as a Director FOR AGAINST ABSTAIN • You will see a vote confirmation 2B Re-elect Ms Jane Citizen as a Director • To change o
Slide 5: Chairman's Address
CHAIRMAN’S ADDRESS Mr David Teoh Page 4
Slide 6: Agenda
Agenda 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All dollar amounts are Singapore Dollars. Page 5
Slide 7: Tuas Group Financial Results
Tuas Group Financial Results Q1 FY23 (in S$’m) FY22 (unaudited) Revenue 57.4 19.0 EBITDA 15.5 6.6 • All Q1 FY22/23 numbers are unaudited. Page 6
Slide 8: Cash Flow
Cash Flow FY22 Q1 FY23 S’000 S’000 Opening Cash and Term Deposits 94,583 49,554 Cash receipts from customers 64,021 20,442 Cash paid to suppliers and employees (41,490) (14,115) Interest Received 44 92 Net cash from operating activities 22,575 6,419 Acquisition of Plant & Equipment (35,079) (11,929)
Slide 9: Subscribers
Subscribers ('000) 700 600 640 500 587 540 400 487 418 300 392 358 200 282 100 172 0 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 • Subscribers as of end Oct 2022 at ~640,000 • ARPU for Q1 FY23 at $9.21 (FY22 at $9.19) Page 8
Slide 10: Key Drivers
Key Drivers 1 1 * Unlimited Mobile to Mobile Calls and SMS to SIMBA Lines for All Plans * $10/30 days for 1st 90 days. 1 Roaming allowance for 57 destinations. Page 9
Slide 11: Service Coverage Parity
Service Coverage Parity Page 10
Slide 12: 5G Updates
5G Updates • IMDA Key Milestones: • 60% outdoor coverage by end CY23. • 95% outdoor coverage by end CY26. • Current SIMBA coverage (with 5G sites integrated): >30% Page 11
Slide 13: Outlook
Outlook • Singapore reopening will support continued growth • 5G network rollout on-track • No change to FY23 CAPEX guidance: $45M- $50M Page 12
Slide 14: 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
Slide 15: Q&A - Operations
TUAS Q&A- Operations Page 14
Slide 16: Formal Business
TUAS Formal Business Page 15
Slide 17: Item 2: Adoption of the Remuneration Report
Proxy Results Item 2: Adoption of the Remuneration Report Votes For Votes Against Open Abstain 128,245,393 377,189 1,447,905 21,268 98.6% 0.29% 1.11% N/A Page 16
Slide 18: Item 3: Election of Director – Bob Teoh
Proxy Results Item 3: Election of Director – Bob Teoh Votes For Votes Against Open Abstain 299,173,681 90,088 1,471,980 59,903 99.48% 0.03% 0.49% N/A Page 17
Slide 19: Item 4: Re-election of Director – Sarah Kenny
Proxy Results Item 4: Re-election of Director – Sarah Kenny Votes For Votes Against Open Abstain 299,214,627 32,798 1,500,509 47,718 99.49% 0.01% 0.5% N/A Page 18
Slide 20: Q&A - Resolutions
TUAS QkA- Resolutions Page 19
Slide 21: Thank You
TUAS Thank You Page 20
Slide 22: Chairman's Address
CHAIRMAN’S ADDRESS TUAS LIMITED ANNUAL GENERAL MEETING 2 DECEMBER 2022 Good morning everyone and welcome to the Tuas Limited 2022 Annual General Meeting. My name is David Teoh, I am the Executive Chairman of the Company. Thank you for your virtual attendance today. A quorum of members is present and