Singapore Telecommunications : Presentation - 29th Annual General Meeting

30th Annual General Meeting

Yuen Kuan Moon, Group CEO

29 July 2022

FY22: YEAR IN REVIEW

Continued disruption from COVID but green shoots emerging

Positive price momentum in Australia & India

Growth in NCS & data centre	Continued investment to lead in 5G
business

Unlocked >S$2b of value

Higher dividend to shareholders

Strong turnaround

in financial performance

Operating

revenue

S$15.3b

• 2% Stable1

Regional

associates' PBT

S$2.1b

• 21%

EBITDA

S$3.8b

• 2%
• 8%1

Underlying net

profit

S$1.9b

• 11%
• 33%1

EBIT

(before associates'

contributions)

S$1.0b

• 9%
• 33%1

Net profit3

S$1.9b

• 2.5x
• 7.2x1

1. Excludes Optus' NBN migration revenues & Jobs Support Scheme credits (JSS) from the Singapore government.
2. Includes net exceptional gains of S$25m (FY21: net exceptional loss of S$1.2b).

24% increase in dividends; 80% payout ratio

Dividend per share (S'cts)

	Interim	Final
FY22	4.5	4.81	9.3

24%

FY21

5.1

2.4

7.5

Dividend policy

60-80% of underlying NPAT

Sustainable dividend policy in line with earnings & cash flow generation

1. Proposed final dividend.

Strong growth in

underlying EBIT1

EBIT (before associates' contributions) (S$'b)

			SG		AU	NBN &
	Others2	GE	Cons	NCS	Cons		JSS
FY22	-0.4	0.7	0.3	0.2	0.2			1.0
	0.1

+33%-9%

FY21				-0.4	0.6	0.3	0.2	0.4	1.1
0.0

Key themes

Digitalisation	Nascent	Global
driving demand	recovery in
equipment
for DC & IT	roaming
shortage
services	services
ARPU increases	Pressure on	Growing demand
for fixed
in Australia	prepaid
broadband

1. Excludes Optus' NBN migration revenues & Jobs Support Scheme credits (JSS) from the Singapore government.
2. Includes Trustwave, Amobee, Corporate, Intercompany eliminations.