SPARK NEW ZEALAND LIMITED In advance of Spark New Zealand Limited's ("Spark's") H1 FY17 interim profit announcement on Thursday 16 February, Spark has today released restated historical detailed financials, to assist analysts in recalibrating their models.
Spark has changed its segmental reporting in line with previously announced structural changes and to align external reporting with the internal structure used to manage and review the results of the business.
The comparative segmental results have been adjusted to reflect these changes with no impact on the Spark Group result.
-ENDS-
For media queries, please contact: Richard Llewellyn
Head of Corporate Communications +64 (0) 27 523 2362
For investor relations queries, please contact: Dean Werder
GM Finance & Performance +64 (0) 27 259 7176
Spark New Zealand Limited ARBN 050 611 277
Spark City, 167 Victoria Street West, Private Bag 92028, Auckland, New Zealand
Spark New Zealand | ||||
Group result | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
$m | $m | $m | $m | |
Operating revenues and other gains | 1,797 | 1,734 | 1,723 | 1,774 |
Operating expenses | 1,361 | 1,205 | 1,266 | 1,240 |
Share of associates' and joint ventures' net (losses) | - | (3) | (2) | (3) |
EBITDA | 436 | 526 | 455 | 531 |
Depreciation and amortisation expense | 224 | 229 | 224 | 222 |
Net finance expense | 12 | 15 | 13 | 15 |
Net earnings before income tax | 200 | 282 | 218 | 294 |
Tax expense | 53 | 54 | 60 | 82 |
Net earnings for the period | 147 | 228 | 158 | 212 |
EBITDA by business unit | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
EBITDA | $m | $m | $m | $m |
Spark Home, Mobile & Business | 352 | 416 | 396 | 406 |
Spark Digital | 192 | 204 | 193 | 218 |
Spark Connect & Platforms | (189) | (174) | (181) | (159) |
Spark Ventures & Wholesale | 98 | 84 | 63 | 68 |
Corporate | (17) | (4) | (16) | (2) |
436 | 526 | 455 | 531 | |
Connections | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
000's | 000's | 000's | 000's | |
Mobile connections | 2,114 | 2,178 | 2,212 | 2,293 |
Local service connections | 1,350 | 1,323 | 1,281 | 1,251 |
Broadband connections | 674 | 680 | 675 | 675 |
Dividends | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
Cents per share | Cents per share | Cents per share | Cents per share | |
Ordinary dividends | 9.00 | 11.00 | 11.00 | 11.00 |
Special dividends | - | - | 1.50 | 1.50 |
9.00 | 11.00 | 12.50 | 12.50 | |
Spark New Zealand | ||||
Operating revenues and other gains by business unit | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
Operating revenues and other gains | $m | $m | $m | $m |
Spark Home, Mobile & Business | 910 | 932 | 971 | 992 |
Spark Digital | 625 | 599 | 607 | 619 |
Spark Connect & Platforms | 22 | 19 | 19 | 20 |
Spark Ventures & Wholesale | 248 | 174 | 121 | 126 |
Corporate | 47 | 65 | 26 | 41 |
Eliminations | (55) | (55) | (21) | (24) |
1,797 | 1,734 | 1,723 | 1,774 | |
Group operating revenues and other gains | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
$m | $m | $m | $m | |
Operating revenues | ||||
Voice | 479 | 401 | 337 | 344 |
Broadband | 324 | 326 | 339 | 346 |
Managed data | 110 | 98 | 96 | 92 |
Mobile | ||||
Service revenue | 367 | 376 | 390 | 396 |
Other mobile revenue | 137 | 139 | 173 | 175 |
504 | 515 | 563 | 571 | |
IT services | ||||
Traditional IT services | 101 | 103 | 92 | 97 |
Platform IT services | 73 | 86 | 93 | 106 |
Procurement | 121 | 108 | 137 | 133 |
295 | 297 | 322 | 336 | |
Other operating revenue | 85 | 65 | 66 | 85 |
Total operating revenues | 1,797 | 1,702 | 1,723 | 1,774 |
Other gains | - | 32 | - | - |
Total operating revenues and other gains | 1,797 | 1,734 | 1,723 | 1,774 |
Wireless broadband revenues and connections are included in broadband revenues and connections. | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
Voice revenue by type | $m | $m | $m | $m |
Landline only | 221 | 177 | 169 | 166 |
Calling | 241 | 209 | 153 | 164 |
Other voice revenue | 17 | 15 | 15 | 14 |
479 | 401 | 337 | 344 | |
Spark New Zealand | ||||
Financial breakdown by business unit - Spark Home, Mobile & Business | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
$m | $m | $m | $m | |
Operating revenues | ||||
Voice | 199 | 190 | 171 | 176 |
Broadband | 302 | 307 | 320 | 327 |
Mobile | 389 | 414 | 459 | 464 |
IT services | 1 | - | - | 1 |
Other operating revenue | 17 | 20 | 21 | 24 |
Internal revenue | 2 | 1 | - | - |
910 | 932 | 971 | 992 | |
Operating expenses | ||||
Labour | 55 | 51 | 56 | 58 |
Other operating expenses | 484 | 446 | 504 | 510 |
Internal expenses | 19 | 19 | 15 | 18 |
558 | 516 | 575 | 586 | |
EBITDA | 352 | 416 | 396 | 406 |
EBITDA margin | 38.7% | 44.6% | 40.8% | 40.9% |
Analysis & KPI's - Spark Home, Mobile & Business | ||||
H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 | |
Voice revenue by type | $m | $m | $m | $m |
Landline only | 88 | 85 | 82 | 75 |
Calling | 103 | 97 | 81 | 92 |
Other voice revenue | 8 | 8 | 8 | 9 |
199 | 190 | 171 | 176 | |
Local service | H1 FY15 | H2 FY15 | H1 FY16 | H2 FY16 |
Broadband connections (000)'s | 653 | 659 | 654 | 654 |
Landline only connections (000)'s | 232 | 215 | 200 | 194 |
Total connections (000)'s | 885 | 874 | 854 | 848 |
Spark New Zealand Ltd. published this content on 15 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2017 09:57:02 UTC.
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