NetLink NBN Trust · SGX:CJLU
NetLink NBN Trust — Shareholder Meeting (September 2020)
14 slides from NetLink NBN Trust's shareholder meeting presentation, Sep 28, 2020
Slide 1: CEO Presentation
CEO Presentation 28 September 2020
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: Financial snapshot
Financial snapshot1 S$370m 4.7% 2 S$169m S$3,527m Revenue Cash Balance Market Capitalisation4 S$258m3 4.3% 2 S$666m S$4,204m EBITDA Gross Debt Enterprise Value 1 FY20 2 Variance versus FY19 3 Excluding the impact of the one-time write-off of capitalised project cost of S$15.4m in relation to a d
Slide 4: Fibre is 'future proof'
Fibre is ‘future proof’ #1 PREFERRED Only means of fixed broadband delivery in Singapore HIGH PENETRATION Over 90% residential penetration rate LOW PRICES Fibre broadband prices are lower in Singapore than many other countries CRITICAL INFRASTRUCTURE Fibre supports last-mile wireless access solution
Slide 5: Our network
Our network Residential Non-Residential NBAP FY20 1,427,445 End-Users +7.5% 47,681 End-Users +3.2% 1,679 Connections +5.8% FY19 1,327,732 End-Users 46,207 End-Users 1,587 Connections 5
Slide 6: A resilient business model
A resilient business model RAB Revenue Non-RAB Revenue NLT Residential Non- NBAP and Ducts and Installation Diversion Co-Location Central Connections Residential Segment Manholes Related Revenue and Other Office Connections Fibre Service Revenue Revenue Revenue Connections Revenue % of FY20 62.5% 8.
Slide 7: FY20 Profit & loss statement
FY20 Profit & loss statement S$’000 FY20 FY19 Variance (%) Revenue grew by 4.7% mainly due to higher residential and non- Revenue 370,192 353,580 4.7 residential connections, partially offset by lower EBITDA 258,425 247,876 4.3 installation-related revenue and ducts and manholes EBITDA service reven
Slide 8: Robust balance sheet
Robust balance sheet1 S$169m S$666m S$2,907m Cash Balance Gross Debt Net Assets 2.6x 13.4x 74.6 cents Gross Debt/ EBITDA Interest Net Assets per Unit EBITDA2 Cover2 • Interest rate exposure substantially hedged • Stable capital structure with debt headroom to fund future capex 1 As at 31 Mar 2020 2
Slide 9: Attractive distribution yield with low risk
Attractive distribution yield with low risk Distribution per Unit Distribution Yield (%) (Singapore cents) (2) 5.6% 5.5% 5.05 4.88 5.2% 3.24 1.3% 0.6% (1) FP18 FY19 FY20 NetLink 10-YR Bank STI FTSE NBN Yield SG Govt 12 mth Yield ST REIT Bond FD Rate Yield Bloomberg as at 31 Mar 2020 (1) For the fina
Slide 10: Unit price performance since IPO
Unit price performance since IPO Unit price performance as at 31 Aug 2020 Since IPO on 19 July 2017 +19.8% Last 12 months +8.4% Year to date +3.2% S$ 1.05 1.00 0.95 0.90 0.85 IPO = S$0.81 0.80 0.75 0.70 Source: Bloomberg as at 31 Aug 2020 10
Slide 11: Our focus for FY21
Our focus for FY21 • Connecting new homes • Improving service and households that are provisioning QoS not on fibre via initiatives such as IMDA’s Home Access programme for low-income households • Adding capacity, • Making NBAP easier flexibility and resilience to and faster to deploy create a dense
Slide 12: Sustainability Report: Our Achievements
Sustainability Report: Our Achievements Business Our Environmental Practices People Impacts Achieved islandwide Achieved an average 0.44% of fibre scrap fibre coverage of 15.4 learning hours against fibre cable per employee issued Collaborated with industry players to Zero incidents of Replaced or u
Slide 13: Corporate Social Responsibility: Giving Back
Corporate Social Responsibility: Giving Back 6 S$69,400 206 782 Events donated Volunteers man hours Responding to COVID-19: • Priority accorded to low income households fibre broadband connections to support their work or study from home • S$600,000 sponsorship towards IMDA’s Home Access programme f
Slide 14: Thank You
Thank You
NetLink NBN Trust — Shareholder Meeting (September 2020) on 6ix