Chorus Q4 FY23 update

Tuesday 11th July 2023

Update on flood and cyclone-related costs

• As noted at Chorus’ HY23 results, FY23 EBITDA guidance of $675m-$690m excluded potential flood and cyclone-related impacts. These FY23 EBITDA impacts are estimated to be $7m and exclude future capital expenditure, where required, for network replacement.

Total fibre connections increased by 19k to 1,031,000 (Q3 FY23: +15k)

• Fibre uptake increased from 72% to 73% across the completed UFB footprint in Q4

o 77% uptake (+1%) in UFB1 areas

o 56.5% uptake (+2.5%) in UFB2 areas

Total broadband connections remained steady at 1,188,000*

• 7k broadband connections were added in Chorus UFB areas (Q3 FY23: +6k)

• 1Gbps and Hyperfibre connections were 44% of net mass market fibre adds in Q4 (Q3 FY23: 46%)

• Home Fibre Starter (50Mbps) connections grew 58% to 16k

Total fixed line connections declined by 8k to 1,271,000* (Q3 FY23: -6k)

• copper broadband and voice connections declined by 27k (Q3 FY23: -21k)

• voice only disconnections were -8k (Q3 FY23: -5k)

• copper withdrawal: 544 copper broadband cabinets no longer have active customers (Q3 FY23: 330 cabinets)

Average monthly data usage increased to 542GB in June (March: 502GB)

• Average fibre data usage grew to 585GB in June (March: 548GB)

• Gisborne had the highest regional data usage at 665GB on fibre, likely reflecting ongoing weather and access challenges

*totals exclude ~2,000 broadband connections Chorus is partly subsidising for student households

Authorised by:

Mark Aue

Chief Financial Officer

ENDS

For further information:

Steve Pettigrew

Head of External Communications

Mobile +64 (27) 258 6257

Email: Steve.Pettigrew@chorus.co.nz

Brett Jackson

Investor Relations Manager

Mobile: +64 (27) 488 7808

Email: Brett.Jackson@chorus.co.nz

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