Annual Shareholder Meeting 2023

Order of Meeting

Introductions

Chair's Address

CEO's Review

Resolution

Resolution Q&A

Conduct of Polls

General Q&A

Introductions

  • Warwick Bray
  • Sheridan Broadbent
  • Gordon MacLeod
  • Jolie Hodson, Director and CEO
  • Charles Sitch
  • Alison Barrass
  • David Havercroft
  • Stefan Knight, CFO

Chair's Address

FY23 financial performance

Reported result

Adjusted result

Revenue:

$4,491 million (+20.7%)

Revenue:

$3,908 million (+5.1%)

EBITDAI:

$1,722 million (+49.7%)

EBITDAI:

$1,193 million (+3.7%)

Net Profit After Tax:

$1,135 million (NM)

Net Profit After Tax:

$433 million (+5.6%)

$489

$515

27.0

million

million

cents

12.9% increase

25.6% increase

8% increase

FREE CASH FLOW

CAPEX

TOTAL FY23 DIVIDEND

FY24 Trading Update & Guidance(1)

Reaffirming guidance for the financial year ended 30 June 2024:

FY23 Actual

FY24 Guidance

EBITDAI

$1,193m(2)

$1,215m-$1,260m

Capital expenditure(3)

$515m

~$510 to $530m

Dividend per share

Total 27.0cps

​Total 27.5cps

(100% imputed)

(100% imputed)

  1. Subject to no adverse change in operating outlook
  2. FY23 EBITDAI is adjusted for the impact of TowerCo gain on sale of $583m included in revenue and the Spark Sport provision of $54m included in operating expenses. Net EBITDAI impact of $529m.
  3. Total capital expenditure including growth capex and excluding expenditure on mobile spectrum

Investing for future growth

DATA CENTRES

  • $250-$300million
  • Spark is well positioned to continue to grow its share of the data centre market

5G STANDALONE

  • $40-$60million (in addition to the $100 million we invest in our mobile network annually)
  • Greater coverage and capacity, wider addressable market for Wireless Broadband, new ways to monetise the network in business

MATTR

  • Digital identity business operating across the US, Canada, Switzerland, Australia and New Zealand
  • Recently won a multi-year contract with the NSW Government

Sustainability performance

  • Accepted into the Dow Jones Sustainability Australia Index
  • Placed in the top quartile of the Worldwide Benchmarking Alliance's 2023 Digital Inclusion Benchmark
  • Emissions reductions on track against our science-based target pathway
  • Scope 1 and 2 emissions down 29.8%, driven by more renewables on the grid
  • Reduced gender pay gap from 28% (FY20) to 21.6% (FY23)
  • 40:40:20 target: women currently represent 34% of our workforce

Charles Sitch

Ngā mihi. Thank You.

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Spark New Zealand Ltd. published this content on 03 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2023 00:52:45 UTC.