Third Quarter Results 2016 Presentation - NBN Co...Third Quarter Results 2016 Presentation Stephen...

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


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


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


0%

20%

40%

60%

80%

100%


0%

20%

40%

60%

80%

100%


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


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


$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


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


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


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)


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.


Third Quarter Results 2016 Presentation - NBN Co...Third Quarter Results 2016 Presentation Stephen...

Documents

Transcript of Third Quarter Results 2016 Presentation - NBN Co...Third Quarter Results 2016 Presentation Stephen...