third quarter results 2016 presentation - nbn co...third quarter results 2016 presentation stephen...
TRANSCRIPT
Third Quarter Results 2016
Presentation Stephen Rue – Chief Financial Officer Friday 6 May 2016
Headline results – Q3 FY2016
Total Revenue Premises Activated ARPU
$275m
Q3 FY15: $108m
+155%
902,948
Q3 FY15: 388,841
+132%
$43
Q3 FY15: $40
+10%
Premises
Ready-for-Service Life-to-date Capex Equity
2,009,259
Q3 FY15: 963,476
+109%
$12.3bn
Q3 FY15: $7.9bn
+56%
$18.1bn
Q3 FY15: $11.8bn
+53%
© 2016 nbn co limited | 2
Total revenue by quarter
9 months to
$m 31-Mar-15 31-Mar-16
Other 2 9
HFC - -
FTTN - 3
Fixed Wireless 6 19
Satellite 9 8
CVC/NNI 30 85
FTTP 61 151
Total 108 275
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43
56
73
91
111
0
20
40
60
80
100
120
31-Mar-15 30-June-15 30-Sep-15 31-Dec-15 31-Mar-16
$m
Cumulative active end-users by quarter
As at
Cumulative
active end-
users
31-Mar-15 31-Mar-16
Satellite 39,841 34,869
Fixed Wireless 34,627 99,455
FTTN - 43,553
FTTP 314,373 725,071
Total 388,841 902,948
ARPU $40 $43
Pre
mis
es
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388,841
485,615
610,712
736,052
902,948
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16
x
Speed tier mix
As at
Fixed Line
speed tier mix
(Mbps)
31-Mar-15 31-Mar-16
12/1 36% 33%
25/5 40% 47%
25/10 1% 1%
50/20 4% 4%
100/40 19% 15%
Total 100% 100%
As at
Fixed Wireless
speed tier mix
(Mbps)
31-Mar-15 31-Mar-16
12/1 23% 16%
25/5 77% 83%
50/20 - 1%
Total 100% 100%
Fixed Line speed tier mix
Fixed Wireless speed tier mix
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0%
20%
40%
60%
80%
100%
31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16
0%
20%
40%
60%
80%
100%
31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16
Pre
mis
es
Cumulative premises ready-for-service by quarter
As at
Cumulative
premises
ready-for-
service
31-Mar-15 31-Mar-16
Satellite 48,000 48,000
Fixed Wireless 193,445 369,970
FTTN - 303,708
FTTP 722,031 1,287,581
Total 963,476 2,009,259
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963,476
1,213,391
1,383,375
1,670,972
2,009,259
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16
$m
Capital expenditure
9 months to
$m 31-Mar-15 31-Mar-16
HFC - 277
Transit 187 175
Satellite 208 126
Fixed Wireless 214 262
Common Capex 330 515
FTTN 171 1,141
FTTP 1,125 864
Total 2,235 3,360
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2,235
3,360
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
31-Mar-15 31-Mar-16
Life-to-date PP&E and Intangibles*
8
As at
$m 30-Jun-15 31-Mar-16
HFC 50 359
Transit 4,665 4,831
Satellite 1,241 1,367
Fixed Wireless 917 1,163
Common Capex 1,652 2,167
FTTN 385 1,611
FTTP 4,244 5,589
Total 13,154 17,087
*Includes finance leases, gifted assets and working inventory
© 2016 nbn co limited |
HFC 359
Transit 4,831
Satellite 1,367
Fixed Wireless 1,163 Common
Capex 2,167
FTTN 1,611
FTTP 5,589
$17.1bn
Cost per premises
Life-to-date
$ 31-Mar-16
FTTP Brownfields 4,403
Fixed Wireless 3,479
FTTP Greenfields 2,713
FTTN 2,275
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4,403
3,479
2,713
2,275
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
FTTPBrownfields
Fixed Wireless FTTP Greenfields FTTN
$
$m
Operating expenses
9 months to
$m 31-Mar-15 31-Mar-16
Other expenses 243 287
Employee
expenses 284 434
Telecom &
Network
expenses
366 625
Total 893 1,346
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893
1,346
0
200
400
600
800
1000
1200
1400
1600
31-Mar-15 31-Mar-16
Financial summary
11
For the 3 months to For the 9 months to
$m 31-Mar-15 31-Mar-16
Change %
31-Mar-15 31-Mar-16 Change (%)
Total Revenue 43 111 158% 108 275 155%
Operating Expenses (331) (494) 49% (893) (1,346) 51%
EBITDA (288) (383) 33% (785) (1,071) 36%
EBIT (453) (603) 33% (1,229) (1,688) 37%
As at
$m 30-Jun-15 31-Mar-16 Change %
Total Assets 13,259 16,770 26%
Contributed Equity 13,185 18,085 37%
© 2016 nbn co limited |
Momentum towards full year targets
Premises ready-for-service*
Active premises
Capital expenditure ($m)
Total revenue ($m)
© 2016 nbn co limited | 12
1,670,972
2,235
3,360
4,900
0 1,000 2,000 3,000 4,000
31-Mar-15
31-Mar-16
30-Jun-16
963,476
2,009,259
2,632,000
0 1,000,000 2,000,000
31-Mar-15
31-Mar-16
30-Jun-16
388,841
902,948
955,000
0 250,000 500,000 750,000
31-Mar-15
31-Mar-16
30-Jun-16
Actual YTD FY15 Actual YTD FY16 Corporate Plan FY16
108
275
300
0 100 200 300
31-Mar-15
31-Mar-16
30-Jun-16
*includes Satellite premises ready-for-service
Disclaimer
This presentation includes information from the unaudited Financial Statements for nbn co limited (nbn) for the period ended 31 March
2016. The Financial Statements consist of the unaudited statement of profit or loss and other comprehensive income, unaudited
statement of financial position, unaudited statement of changes in equity and unaudited statement of cash flows for the nbn Consolidated
Group, comprising nbn, nbn tasmania ltd and nbn co spectrum pty ltd. While every effort is made to provide accurate and complete
information in this presentation, no representation or warranty is made as to the accuracy or completeness or reliability of that
information.
All amounts are in Australian Dollars unless otherwise stated.
This presentation may contain forward looking statements that are based on nbn’s best considered professional assessment of present
economic and operating conditions, present Australian Government policy and a number of assumptions regarding future events and
actions which, at the date of this presentation, are expected to take place. Such forward looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond
nbn’s control.
While such forward looking statements are based on nbn’s best considered professional assessment, nbn’s officers do not give any
assurance to any third party that the results, performance or achievements expressed or implied by such forward looking statements will
actually occur and such statements should not be relied on or considered to be a representation of what will happen by any third party.
Other than as required by nbn's reporting obligations to the Commonwealth, nbn and its officers have no obligation to update these
forward looking statements based on circumstances, developments or events occurring after the date of this presentation.
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