Chorus Limited (NZX: CNU) Investor presentation - UBS Australasia Investor Conference

Tuesday 17th November 2020

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:

Source: Chorus Limited

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