Tuesday 17th November 2020 |
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FY21 Guidance Summary
EBITDA: $640m to $660m
▪ subject to no material changes in expected regulatory and competitive outlook
▪ includes ~$10m allowance for ongoing COVID-19 impact and broader economic uncertainty
Dividend: 25cps, subject to no material adverse changes in circumstances or outlook
An Overview of Chorus
New Zealand’s largest fixed line communications infrastructure business
▪ Established in December 2011 following demerger from Telecom NZ
▪ ~870 employees, supported by service company contractors and subcontractors
▪ Listed on NZX and ASX: CNU
▪ ~$3.7 billion market capitalisation (as at 31/10/20)
A nationwide copper and growing fibre network
▪ Wholesale network operator with ~100 retailer customers
▪ ~1.4m connections, including ~1.2m broadband
▪ 90% of way through 11-year fibre to premises rollout
▪ 62% fibre uptake, well ahead of initial rollout target of 20% by 2020
▪ Streaming video services and working from home driving significant data
consumption
See the links below for more details:
Chorus - presentation for UBS conference cover note
Chorus - presentation for UBS conference
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