Superloop Ltd. · ASX:SLC
Superloop — H1 FY2022 Earnings Presentation
22 slides from Superloop's earnings presentation, February 2022
Slide 1: 1H FY22 Half Year Results
Superloop Limited (ASX:SLC) 1H FY22 Half Year Results 1 Not for distribution into US or to US persons FY20 Update 1
Slide 2: Disclaimer
Disclaimer No reliance No offer to acquire Superloop shares To the maximum extent permitted by law, the information contained in this The information in this presentation is not an offer or recommendation to presentation is given without any liability whatsoever being accepted by purchase or subscri
Slide 3: Enable better internet through competition
Our ambition is to fuel challenger providers towards 30% collective market share Our ‘Infrastructure-on-Demand’ platform is what sets Superloop apart Our purpose: Enable Our Accelerated Growth Strategy continues to deliver both organically and inorganically better internet through Our capital struct
Slide 4: 1H FY22 Highlights
1H FY22 Highlights Financial Strategic Operational $119.8m Group Revenue Exetel >175,000 Increase of 125.0% vs. pcp. Completed Acquisition Total broadband customers 18.1% growth to pcp in the 31 July 2021 connected, enabled & secured comparable Superloop business(1) $9.1m HK & Singapore >11,600 Unde
Slide 5: FY22 Guidance
FY22 Guidance Affirm FY22 underlying EBITDA is expected to be in a range of A$23m to A$25m FY21 AGM Update 5
Slide 6: Total Superloop Network Services
Total Superloop Network Services Network has capacity to support 1 million users/subscribers plus VOICE 01 Sep 2021 22.8k Mobile Superloop Connect Goes LIve 36.1k VOIP 31 July 2021 Acquired Exetel 176.4k 179.9k >250% Growth in 10.0k 11.6k Services vs Jun 21 11.7k 11.7k 11.6k 154.7k 156.6k New Wholes
Slide 7: Group Financial Performance
Group Financial Performance(1) Solid FInancial performance underpinned by strong revenue growth $M 1H FY22 1H FY21 % Change vs pcp $119.8m Revenue 119.8 53.3 125.0% Total Revenue Cost of Goods Sold (80.3) (28.7) (179.8%) Gross Margin 39.6 24.6 59.3% $39.6m Gross Margin ($) Operating Expenses (30.5)
Slide 8: 1H FY22 Group Revenue Movement vs. 1H FY21
1H FY22 Group Revenue Movement vs. 1H FY21 Extel acquisition augmented by 18.1% growth in revenue from ongoing Superloop businesses 1H FY22 Revenue $119.8m $44.6m $60.5m 125% Revenue Growth 1H FY21 Revenue(1) $53.3m $23.0m 18.1% $(3.1)m $2.0m Revenue Growth $59.3m (excluding Exetel and $53.3m $50.2m
Slide 9: 1H FY22 Underlying EBITDA Movement on 1H FY21
1H FY22 Underlying EBITDA Movement on 1H FY21 1H FY22 Underlying EBITDA 1H FY21 $9.1m Underlying(1) $(2.6)m EBITDA $8.2m $7.7m 12.2% $(1.7)m $(2.5)m EBITDA Growth $9.1m $8.2m Growth in EBITDA of 127.5% from re-based 1HFY21 $4.0m Underlying Discontinued Job Re-based EBITDA Additional Underlying EBITD
Slide 10: Consumer Segment
Consumer Segment HOME BROADBAND | MOBILE | VOIP Broadband Subscribers(1) 220% Revenue in 1H FY22 includes contribution from 24,250 mobile and VOIP customers 220% c Growth 6,148 organic Net Subscriber Growth in the first half of FY22 Growth in broadband 154.7k subscribers Gross Margin has not yet bene
Slide 11: Business Segment
Business Segment SMB | MEDIUM & LARGE CORPORATE | WIFI | VOIP | FIXED WIRELESS | MOBILE Business Revenue Gross Margin in 1H FY22 reflects the blended result, including acquisition of the Exetel customer base 179.7% 180% c Revenue Growth Growth Gross Margin in 1H FY22 also impacted by lack of growth i
Slide 12: Wholesale Segment
Wholesale Segment FIBRE CONNECTIVITY | WHOLESALE BROADBAND | FIXED WIRELESS Wholesale Revenue Superloop Connect platform launched in 11.6k Wholesale Broadband subs September 2021 has led to significant through Superloop Connect increase in Wholesale Broadband users Revenue improvement reflects flow 12.
Slide 13: Wholesale and Business Sales Momentum
Wholesale and Business Sales Momentum Wholesale Business 1H FY22 New Contracts 1H FY22 New Contracts Sales (A$k) 1H FY21 2H FY21 1H FY22 Sales (A$k) 1H FY21 2H FY21 1H FY22 Total Contract Value 20,524 23,077 32,537 Total Contract Value 4,624 7,500 8,744 New Contract Average Life 25 Months 23 Months
Slide 14: 2H FY22 Acceleration of annualised acquisition synergies
2H FY22 Acceleration of annualised acquisition synergies 1H FY22 result included the realisation of $1.3m of synergies associated with the acquisition of Exetel The Group remains on track to deliver >$5.0m of annualised savings Exetel Synergy Realisation (A$k) Network Integration ✓ +250 Superloop 1H
Slide 15: 1H FY22 Cash Flow
1H FY22 Cash Flow Acquisition underpins positive Operating Cash Flow $k 1H FY22 1H FY21 Operating cash Flows 3,893 7,991 Operating Cash Flow + $3.9m pre Exetel Tax Tax Payment (Exetel) (3,408) - payment and Transaction Costs Transaction Costs (3,233) - Investing Cash Flow Includes $88.4m for Net Ope
Slide 16: Proceeds of sale of Hong Kong & Singapore assets will be used to invest
Proceeds of sale of Hong Kong & Singapore assets will be used to invest in organic and inorganic growth opportunities Monetisation of the Hong Kong and Singapore assets will realise approximately $120m (net of transaction costs) Superloop has evaluated the potential uses of the capital - including s
Slide 17: 1H FY22 Summary
Strong organic and inorganic growth in revenue and EBITDA Major strategic milestones with the acquisition of 1H FY22 Exetel and monetisation of Hong Kong and Singapore Summary Realisation of synergies ahead of plan. Benefit mainly felt in 2H FY22 Well positioned for future growth Affirm FY22 underlyin
Slide 18: Appendix
Appendix 18
Slide 19: Financial Position at December 2021
Financial Position at 31 December 2021 Strong Stable Balance Sheet is the Foundation for future organic and inorganic growth Balance Sheet ($M) 30 June 2021 31 Dec 2021 Cash & cash equivalents (excluding held for sale) 89.7 16.9 $16.9m Property, plant & equipment 219.4 125.4 Cash at 31 Dec 2021 Asse
Slide 20: 1H FY21 Reconciliation of Group Income Statement
1H FY21 Reconciliation of Group Income Statement(1) TOTAL Hong $M Consumer Business Wholesale CMS(3) Singapore TOTAL Appendix 4D Kong Revenue 14.7 12.8 16.0 3.1 46.6 1.9 4.8 53.3 Cost of Goods Sold (10.9) (7.2) (5.3) (1.7) (25.1) (2.1) (1.5) (28.7) Gross Margin 3.8 5.6 10.7 1.4 21.6 (0.2) 3.3 24.6 O
Slide 21: 1H FY22 Reconciliation of Group Income Statement
1H FY22 Reconciliation of Group Income Statement(1) TOTAL Hong $M Consumer Business Wholesale CMS(3) Singapore TOTAL Appendix 4D Kong Revenue 59.3 35.7 18.0 - 113.0 2.1 4.7 119.8 Cost of Goods Sold (46.9) (25.0) (4.9) - (76.8) (2.0) (1.4) (80.2) Gross Margin 12.4 10.7 13.1 - 36.2 0.1 3.3 39.6 Operat
Slide 22: Thank you
Thank you Superloop Limited: investor@superloop.com https://investors.superloop.com Not for distribution into US or to US persons 22