1Q Business Update
For the quarter ended 30 June 2021
12 August 2021
1
1Q financial highlights
Operating revenueEBITDA
S$3,798m | S$997m |
▲ 8% (▲ 2%1 ) | ▲ 11% (▲ 5%1 ) |
Regional associates' PBT | Underlying net profit |
S$514m S$451m
▲ 38% (▲ 42%1 ) | ▲ 31% (▲ 33%1 ) |
EBIT
(before associates' contributions)
S$312m
- 19% (▲ 16%1 )
Net profit
S$445m
- N.M.2
1. | Constant currency - assuming constant exchange rates from corresponding quarter in FY2021. | 2 |
2. | Net loss of S$20m in Q1FY21. |
Revenue
S$3,798m
- 8%1 (Underlying2 ▲ 9%)
- Broad-basedgrowth across business segments, with improved operating & business environment
- Improvement in Australia. Optus increased mobile ARPU & service revenue, driven by higher penetration of Optus Choice plans
- Robust ICT growth from NCS, data centres, cloud & cyber security services
- Rebound in Amobee revenue with recovery of advertising spending in the US
S$M | 3,798 | ▲ 8% (Underlying2 ▲ 9%) | |||
3,534 | 414 | Singapore Consumer ▲ 1% | |||
409 | |||||
1,717 | Australia Consumer ▲ 8%3 | ||||
1,595 | |||||
920 | Group Enterprise ▲ 2% | ||||
900 | |||||
499 | 528 | NCS ▲ 6%4 | |||
96 | 98 | Trustwave | ▲ 3% | ||
236 | Amobee | ▲ 56% | |||
151 | |||||
-115 | -114 | Interco Eliminations5 | |||
Q1FY21 | Q1FY22 |
- Up 2% in constant currency.
- Excludes Optus' NBN migration revenues (Q1FY22: A$42m, Q1FY21: A$108m).
- Down 3% in A$ terms.
- Up 9% excluding Singtel-originated business which has been progressively transferred to Singtel from 1 April 2021 as part of the Singtel Group's restructuring.
5. Elimination of intercompany transactions between Group Enterprise, NCS & Trustwave. | 3 |
EBITDA
S$997m
- 11%1 (Underlying2 ▲ 31%)
- Double-digitgrowth in EBITDA, underpinned by improvement in Australia
- Solid 31% increase in underlying EBITDA, excluding Optus' NBN migration revenue & Jobs Support Scheme credits in Singapore
S$M | 997 ▲ 11% (Underlying2 ▲ 31%) | ||
897 | 149 | Singapore Consumer ▼ 4% | |
156 | |||
506 | Australia Consumer ▲ 24%3 | ||
410 | 307 | ||
Group Enterprise Stable | |||
306 | |||
83 | 84 | NCS ▲ 2% | |
5 | Amobee | ||
-27-12 | -24 | Trustwave | |
Others4 | |||
-18 | -29 | ||
Q1FY21 | Q1FY22 |
- Up 5% in constant currency.
- Excludes Optus' NBN migration & Jobs Support Scheme credits (JSS) from the Singapore government (Q1FY22: S$3m, Q1FY21: S$69m).
- Up 12% in A$ terms.
4. Includes intercompany eliminations & corporate. | 4 |
Regional associates' pre-tax profits
S$514m
- 38%1
- Resilient performance by associates against intense competition & pandemic impact
- Turnaround in Airtel earnings from prior year net loss, led by convincing operating momentum in India & Africa
- Growth in home broadband services with movement restrictions in India, Thailand & the Philippines
S$M
514 ▲ 38% | |||
373 | 85 | AIS ▼ 1% | |
87 | 26 | Intouch | Stable |
26 | 99 | Globe | Stable |
98 | |||
241 | Telkomsel Stable | ||
242 | 64 | Airtel ▲ N.M. | |
-79 | |||
Q1FY21 | Q1FY22 |
1. Up 42% in constant currency.
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SingTel - Singapore Telecommunications Limited published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 09:50:06 UTC.