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Spark New Zealand Limited (NZX: SPK) 2020 Annual Meeting Materials

Friday 6th November 2020

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Chair and CEO Address at Spark’s 2020 Annual Meeting

Despite the challenges, Spark delivered another strong performance in FY20. After two years of flat revenues, we returned to top line growth, with revenues up 2.5%. Combined with good cost management, this allowed us to deliver EBITDAI growth of 2.1%, placing our result above the mid-range of our guidance at $1,113 million. Net profit after tax increased 4.4% to $427 million, primarily driven by growth in EBITDAI and lower tax expense. We announced an H2 FY20 dividend of 12.5 cents per share, 100% imputed, bringing the total FY20 dividend to 25 cents per share. FY20 was the final year of our prior three-year strategy. In this three-year period, we transformed Spark from a traditional telco to an end to-end digital services company. We are now a one-stop-shop for our business customers – providing everything from basic connectivity, through to data analytics and cloud transformation.

See the links below for more details:

Chair and CEO address at Spark's 2020 Annual Meeting

Spark Annual Meeting Presentation

Source: Spark New Zealand Limited (NZX: SPK )

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