Tuas Ltd. · ASX:TUA
Tuas — Shareholder Meeting (December 2024)
19 slides from Tuas's shareholder meeting presentation, Dec 6, 2024
Slide 1: Tuas Limited AGM – Chairman's Address and CEO Presentation
6 December 2024 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 6 December 2024 Page 1
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Mr. David Teoh Page 2
Slide 4: Agenda
Agenda 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All dollar amounts are Singapore Dollars. Page 3
Slide 5: Tuas Group Financial Results
Tuas Group Financial Results Q1 FY25 (in S$’m) FY24 (unaudited) Revenue 117.1 35.5 EBITDA 49.7 16.1 • Q1 FY25 NPAT is positive. • Q1 FY25 numbers are unaudited. Page 4
Slide 6: Cash Flow
Cash Flow FY24 Q1 FY25 S’000 S’000 Opening Cash and Term Deposits 44,002 55,333 Cash receipts from customers 124,521 38,153 Cash paid to suppliers and employees (66,067) (20,301) Interest Received 1,575 429 Tax Paid (35) 4 Net cash from operating activities 59,994 18,285 Acquisition of Plant & Equip
Slide 7: Active Services Growth
Active Services Growth • Active services as of end Oct 2024 is ~1,113k. • Based on IMDA’s last available mobile subscriber data, SIMBA market share is 10.7% as of July 2024. Page 6
Slide 8: Mobile Product Innovation
Mobile Product Innovation • Data-Only SIMs/eSIMs target a new market segment. • Online only and instant activation. Page 7
Slide 9: Fibre Broadband
Fibre Broadband • Completion of 10Gbps rollout for all Central Offices serving residential homes. • IMDA has confirmed allocation of 10Gbps rollout grants. • More than 10,000 Active subscribers as of 30 November 2024. Page 8
Slide 10: Outlook
Outlook • Continued mobile growth supported by product uplifts and ongoing network quality upgrades. • Targeting new mobile segments. • Building on Fibre Broadband growth. • No change to FY25 CAPEX guidance: $45M- $55M. Page 9
Slide 11: 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 12: Q&A - Operations
Q&A- Operations Page 11
Slide 13: Formal Business
Formal Business Page 12
Slide 14: Proxy Results: Adoption of the Remuneration Report
Proxy Results Item 2: Adoption of the Remuneration Report Votes For Votes Against Open Abstain 61,954,533 10,259,761 250,724 729,585 85.50% 14.15% 0.35% N/A Page 13
Slide 15: Proxy Results: Re-election of Director – Robert Millner
Proxy Results Item 3: Re-election of Director – Robert Millner Votes For Votes Against Open Abstain 237,120,485 11,596,394 274,516 733,317 95.23% 4.66% 0.11% N/A Page 14
Slide 16: Proxy Results: Re-election of Director – Sarah Kenny
Proxy Results Item 4: Re-election of Director – Sarah Kenny Votes For Votes Against Open Abstain 245,396,557 3,323,381 283,651 721,123 98.56% 1.33% 0.11% N/A Page 15
Slide 17: Q&A - Resolutions
Q&A- Resolutions Page 16
Slide 18: Thank You
Thank You Page 17
Slide 19: Chairman's Address
CHAIRMAN’S ADDRESS TUAS LIMITED ANNUAL GENERAL MEETING 6 DECEMBER 2024 Good morning everyone and welcome to the Tuas Limited 2024 Annual General Meeting. My name is David Teoh, I am the Executive Chairman of the Company and I thank you all for your attendance today. A quorum of members is present an