Netlink Nbn Trust · SGX:CJLU
Netlink Nbn Trust — H1 FY2025 Earnings Presentation
11 slides from Netlink Nbn Trust's earnings presentation, Nov 4, 2024
Slide 1: Financial Results for the period 1 Apr to 30 Sep 2024 (H1 FY25)
4 November 2024 Financial Results for the period 1 Apr to 30 Sep 2024 (“H1 FY25”)
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute or form part of an offer, solicitation, recommendation or invitation for the sale or purchase or subscription of securities, including units in NetLink NBN Trust (the “Trust” and the units in the Trust, the “Units”
Slide 3: H1 FY25 Financial highlights
H1 FY25 Financial highlights REVENUE EBITDA H1 FY25 $204.8m -0.2% H1 FY25 $143.5m -3.8% H1 FY24 $205.3m H1 FY24 $149.1m MARKET NET GEARING NET DEBT/EBITDA CAPITALISATION 25.3% $3.6 billion Comfortable debt headroom 2.2 times Unit price of $0.915 as at 30 Sep 24 3
Slide 4: Steady growth of fibre connections
Steady growth of fibre connections Non-Building Residential Non-Residential Segment(3) Address Points Q2 FY25 1,520,005(1) 53,182(2) 3,011 3,774 53,482 Q1 FY25 1,524,372 53,382 2,944 3,646 FY24 1,506,997 53,482 2,979 3,542 FY23 1,485,271 52,120 2,706 2,843 FY22 1,464,217 50,278 2,404 1,901 FY21 1,44
Slide 5: Resilient business model
Resilient business model Residential Non- NBAP & Ducts & Co-Location Central Office Installation Ancillary Connections Residential Segment Manholes Service Revenue Revenue Related & Project Connections Connections Revenue Other Revenue Revenue RAB REVENUE NON-RAB REVENUE % of H1 FY25 Revenue 60.2 8.
Slide 6: Key focus for FY25
Key focus for FY25 1. Grow NBAP & Segment connections by supporting deployments related to Smart Nation and cloud-based services 2. Continue to support digitalisation of SMEs by lowering the cost of connections 3. Enhance our Colocation facilities to support the upgrade of the Nationwide Broadband N
Slide 7: H1 FY25 Profit or loss statement
H1 FY25 Profit or loss statement Variance $’000 H1 FY25 H1 FY24 REVENUE (%) RAB revenue was higher by $0.7 million as higher connection numbers offset the impact of lower prices for Revenue 204,844 205,316 (0.2) key services, which took effect from 1 April 2024. EBITDA 143,516 149,118 (3.8) Overall
Slide 8: Strong credit metrics and operating cash flow
Strong credit metrics and operating cash flow Sep 2024 Mar 2024 $’m 400.0 Gross Debt $810m $765m 145.3 78.7 Weighted Average Debt 1.9 yrs 2.4 yrs 300.0 Maturity 60.0 Net Debt/EBITDA(1) 2.2x 2.0x 200.0 182.9 189.5 Borrowings at Fixed Rate 74.1% 78.4% H1 FY25 H1 FY24 100.0 EBITDA Interest Cover(1) 13.
Slide 9: Distribution details
Distribution details Distribution period 1 April 2024 – 30 September 2024 Distribution amount 2.68 Singapore cents per Unit Ex-distribution date and time 15 November 2024, 9am Books closure date and time 18 November 2024, 5pm Distribution payment date 29 November 2024 9
Slide 10: Attractive DPU
Attractive DPU Distribution per Unit (Singapore cents) 4.62 4.88 5.05 5.08 5.13 5.24 5.30 2.68 FY18 FY19 FY20 FY21 FY22 FY23 FY24 H1 FY25 (Annualised) • NetLink’s DPU has grown steadily YoY since its IPO • NetLink has returned $1.4 billion to unitholders since its IPO to date (including the H1 FY25
Slide 11: Thank you
Thank you Investors and Media Mr Victor Chan investor@netlinknbn.com