TPG Telecom : Half Year Results Presentation

2017‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

21 MARCH 2017

T E LE C O M

1H17 SUMMARY RESULTS

1. Refer to slide 3 for reconciliation between reported and underlying results.

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   1H17 UNDERLYING EBITDA & NPAT

   1H17		1H16
   $m	EBITDA	NPAT	EBITDA	NPAT
   Reported	473.4	224.0	437.3	202.5
   Less: Profit on sale of equity investments	(48.8)	(35.3)	(9.7)	(6.8)
   Less: Gain on previously held interest in iiNet	-	-	(73.1)	(73.1)
   Less: One-off Consumer Division revenue	(7.0)	(4.9)	-	-
   Add: One-off iiNet acquisition transaction costs	-	-	10.3	10.3
   Add: Non-recurring iiNet re-organisation costs	-	-	4.0	2.8
   Add: Acquired customer base intangible amortisation	-	23.7	-	26.6
   Underlying	417.6	207.5	368.8	162.3

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   1H17 UNDERLYING EBITDA GROWTH

   $m
   1H16 Group underlying EBITDA	368.8
   TPG Consumer Division EBITDA growth	9.6
   TPG Corporate Division EBITDA growth	9.2
   iiNet EBITDA growth arising from:	15.9 14.7
   Other (principally decrease in dividend income resulting from disposal of investments)	(0.6)
   1H17 Group underlying EBITDA	417.6

   • additional 3 weeks contribution1 in 1H17 vs 1H16

   • organic growth

2. Based on a simple extrapolation of 1H16 underlying EBITDA.

3. -4-