Netlink Nbn Trust · SGX:CJLU
Netlink Nbn Trust — Investor Presentation (July 2023)
14 slides from Netlink Nbn Trust's investor presentation, Jul 19, 2023
Slide 1: Management Presentation
19 July 2023 Management Presentation
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: Our business
Our business NON-RESIDENTIAL 52,120 END-USERS RESIDENTIAL 1,485,271 END-USERS • Non-Residential Premises • High Rise Residential Apartments • Landed Residential Area Ducts and manholes NetLink Central Office SEGMENT 2,706 NBAP CONNECTIONS 2,843 CONNECTIONS • Lamp Post • Mobile Base Station • Central
Slide 4: Our business is future proof
Our business is future proof HIGH CRITICAL PREFERRED LOW PRICES SCALABLE PENETRATION INFRASTRUCTURE #1 Fibre supports Fibre capacity Only means of Fibre broadband last-mile is highly Over 95% fixed prices are lower wireless access scalable and residential broadband in Singapore solutions such can su
Slide 5: FY23 Financial highlights
FY23 Financial highlights REVENUE EBITDA +6.8% +10.5% $295.0m $403.5m $266.9m $377.6m FY22 FY23 FY22 FY23 WEIGHTED AVERAGE MARKET DISTRIBUTION NET GEARING DEBT MATURITY CAPITALISATION PER UNIT 20.3% $3.4 billion 5.24 cents Comfortable debt headroom 3.4 years Unit price of $0.86 as at 2.1% higher tha
Slide 6: Fibre connections
Fibre connections Non-Building Address Residential Non-Residential Segment(1) Points ’000 1,328 1,427 1,447 1,464 1,485 ’000 46.2 47.7 48.1 50.3 52.1 1,587 1,679 1,996 2,404 2,706 324 417 1,146 1,901 2,843 1,500 53 3,000 3,000 52 1,450 2,500 2,500 51 1,400 2,000 2,000 50 1,350 49 1,500 1,500 48 1,30
Slide 7: Resilient business model
Resilient business model Residential Non- NBAP & Ducts & Installation Ancillary Co-Location Central Connections Residential Segment Manholes Related Project & Other Office Connections Connections Service Revenue Revenue Revenue Revenue Revenue RAB REVENUE NON-RAB REVENUE % of FY23 Revenue 60.5% 8.0%
Slide 8: Strategic Focus
Strategic Focus 1. Improve network reach, densification and capability in support of NetLink’s fibre-to- anywhere (FTTx) deployment. 2. Improve competitiveness of NetLink’s Fibre in enterprise and Government segment 3. Provide expertise and infrastructure to support the upgrade of the NBN 4. Explore
Slide 9: FY23 Profit & loss statement
FY23 Profit & loss statement Variance $’000 FY23 FY22 Revenue for FY23 was 6.8% higher than FY22 due to: (%) • Higher revenue from ancillary projects, NBAP and segment connections, residential connections, Revenue 403,460 377,611 6.8 co-location and installation orders. • Ancillary project revenue c
Slide 10: Credit metrics and cashflow
Credit metrics and cashflow FY23 FY22 Strong cashflow from operations Gross Debt $735m $666m S$'000 Weighted average debt 3.4 yrs 3.4 yrs maturity 500,000 285,692 450,000 96,733 Net debt/EBITDA(1) 1.8x 1.9x 400,000 138,073 350,000 EBITDA Interest cover(1) 18.6x 29.8x 300,000 250,000 200,704 Borrowin
Slide 11: Attractive distribution
Attractive distribution Distribution per Unit (Singapore cents) Distribution yield (%) 4.88 5.05 5.08 5.13 5.24 6.09 2.94 4.26 6.04 Bloomberg as at 31 Mar 2023 FY19 FY20 FY21 FY22 FY23 NetLink NBN 10-YR SG Govt STI Yield FTSE ST REIT Yield (1) Bond Yield NetLink has returned $1.1 billion to unithold
Slide 12: Corporate Governance Awards
Corporate Governance Awards Governance Index Singapore Corporate Singapore for Trust (GIFT) Governance and Corporate Awards 2022 Transparency Index 2022 (SGTI) RANKED 1st RANKED 5th BRONZE REIT and Business Best Investor Trust Category Relations Award REITs and Business Trusts Category SIAS Investor
Slide 13: Sustainability
Sustainability TARGET OUR BUSINESS PRACTICES • Maintained zero cases of corruption and significant • Reduce scope 1 and 2 emissions 50% non-compliance with laws and regulations by FY30 (using FY22 as a baseline) • Received five awards and recognitions for corporate • Achieve net zero by 2050 governa
Slide 14: Thank you
Thank you
NetLink NBN Trust — Investor Presentation (July 2023) on 6ix