Telstra : Supporting material - FY22 Financial Tables
August 11, 2022 at 01:21 pm IST
Share
Fin Ongoing
Results of operations
Year ended 30 June
Lease adjustments (i)
Reported lease adjusted (i)
Year ended 30 June
Year ended 30 June
2022
2021
Change
Change
2022
2021
2022
2021
Change
Change
$M
$M
$M
%
$M
$M
$M
$M
$M
%
Revenue (excluding finance income)
21,277
21,558
(281)
(1.3)
-
-
21,277
21,558
(281)
(1.3)
Other income (ii)
768
1,574
(806)
(51.2)
-
-
768
1,574
(806)
(51.2)
Total income (excluding finance income)
22,045
23,132
(1,087)
(4.7)
-
-
22,045
23,132
(1,087)
(4.7)
Labour
3,620
4,012
(392)
(9.8)
-
-
3,620
4,012
(392)
(9.8)
Goods and services purchased
8,228
8,318
(90)
(1.1)
-
-
8,228
8,318
(90)
(1.1)
Net impairment losses on financial assets
98
160
(62)
(38.8)
-
-
98
160
(62)
(38.8)
Other expenses
2,812
2,980
(168)
(5.6)
-
194
2,812
3,174
(362)
(11.4)
Operating expenses
14,758
15,470
(712)
(4.6)
-
194
14,758
15,664
(906)
(5.8)
Share of net (loss)/profit from joint ventures and associated entities
(31)
(24)
(7)
(29.2)
-
-
(31)
(24)
(7)
(29.2)
14,789
15,494
(705)
(4.6)
-
194
14,789
15,688
(899)
(5.7)
Earnings before interest, income tax expense, depreciation and amortisation (EBITDA)
7,256
7,638
(382)
(5.0)
-
(194)
7,256
7,444
(188)
(2.5)
Depreciation and amortisation
4,358
4,646
(288)
(6.2)
-
(194)
4,358
4,452
(94)
(2.1)
Earnings before interest and income tax expense (EBIT)
2,898
2,992
(94)
(3.1)
-
-
2,898
2,992
(94)
(3.1)
Finance income
110
103
7
6.8
-
-
110
103
7
6.8
Finance costs
527
654
(127)
(19.4)
-
-
527
654
(127)
(19.4)
Net finance costs
417
551
(134)
(24.3)
-
-
417
551
(134)
(24.3)
Profit before income tax expense
2,481
2,441
40
1.6
-
-
2,481
2,441
40
1.6
Income tax expense
667
539
128
23.7
-
-
667
539
128
23.7
Profit for the period
1,814
1,902
(88)
(4.6)
-
-
1,814
1,902
(88)
(4.6)
Attributable to:
Equity holders of Telstra Entity
1,688
1,857
(169)
(9.1)
Non-controlling interests
126
45
81
n/m
1,814
1,902
(88)
(4.6)
Effective tax rate on operations
26.9%
22.1%
4.8 pp
EBITDA margin on revenue
34.1%
35.4%
(1.3) pp
EBIT margin on revenue
13.6%
13.9%
(0.3) pp
cents
cents
Change
Change
cents
%
Earnings per share (cents per share)
Basic (iii)
14.4
15.6
(1.2)
(7.7)
Diluted (iii)
14.3
15.6
(1.3)
(8.3)
(i) From 1 July 2019 we have adopted AASB 16: 'Leases'. 'Reported Lease adjusted' provides a view of our mobile handset leases (Telstra as a lessee) which for
management reporting purposes are treated as part of operating performance results. FY21 has been adjusted to include the reported depreciation
of mobile handsets right-of-use assets in EBITDA. No adjustment to FY22.
(ii) Other income includes gains and losses on asset and investment sales (including assets transferred under the nbn Definitive Agreements), income from government
grants under the Telstra Universal Service Obligation Performance Agreement, Mobile Blackspot Government program and other miscellaneous items.
n/m = not meaningful
Income & Expenses
Total income
Year ended 30 June
2022
2021
Change
Change
$M
$M
$M
%
Mobile
Postpaid handheld
5,045
4,830
215
4.5
Prepaid handheld
924
809
115
14.2
Mobile broadband
655
612
43
7.0
Internet of Things (IoT)
268
246
22
8.9
Mobile wholesale
308
267
41
15.4
Other
18
17
1
5.9
Total mobile services
7,218
6,781
437
6.4
Hardware
2,100
2,306
(206)
(8.9)
Mobile interconnect
250
264
(14)
(5.3)
Media, Telstra Plus & other
(98)
(41)
(57)
n/m
Total Mobile
9,470
9,310
160
1.7
Fixed - C&SB
On-net fixed (ii)
469
784
(315)
(40.2)
Off-net fixed (ii)
3,150
3,001
149
5.0
Consumer content & services
600
661
(61)
(9.2)
Business applications & services
168
183
(15)
(8.2)
Interconnect, payphones & E000
99
107
(8)
(7.5)
Total Fixed - C&SB
4,486
4,736
(250)
(5.3)
Fixed - Enterprise
Data & connectivity
956
1,103
(147)
(13.3)
Calling applications
637
708
(71)
(10.0)
Managed services & maintenance
738
671
67
10.0
Professional services
439
376
63
16.8
Cloud applications
279
257
22
8.6
Equipment sales
397
343
54
15.7
Other
283
266
17
6.4
Total NAS
2,773
2,621
152
5.8
Total Fixed - Enterprise
3,729
3,724
5
0.1
Fixed - Active Wholesale
Data & connectivity
303
341
(38)
(11.1)
Legacy calling & fixed
174
250
(76)
(30.4)
Total Fixed - Active Wholesale
477
591
(114)
(19.3)
International
Fixed (legacy voice)
210
229
(19)
(8.3)
Data & connectivity
981
939
42
4.5
NAS & Other
310
328
(18)
(5.5)
Total International
1,501
1,496
5
0.3
InfraCo - Fixed
Commercial & recoverable works
294
584
(290)
(49.7)
NBN recurring
930
900
30
3.3
Other external & passive
256
136
120
88.2
Internal
976
949
27
2.8
Total InfraCo - Fixed
2,456
2,569
(113)
(4.4)
InfraCo - Tower / Amplitel
External
60
60
-
-
Internal
308
278
30
10.8
Total InfraCo - Tower / Amplitel
368
338
30
8.9
One-off nbn DA & Connection
378
1,050
(672)
(64.0)
Other Product Income
External (iii)
464
545
(81)
(14.9)
Internal
291
285
6
2.1
Total Other Product Income
755
830
(75)
(9.0)
Elimination
(1,575)
(1,512)
(63)
(4.2)
Total income
22,045
23,132
(1,087)
(4.7)
Total expenses
Year ended 30 June
2022
2021
Change
Change
$M
$M
$M
%
Salary and associated costs
3,119
3,195
(76)
(2.4)
Other labour expenses
148
208
(60)
(28.8)
Labour substitution
273
356
(83)
(23.3)
Employee redundancy
80
253
(173)
(68.4)
Total labour
3,620
4,012
(392)
(9.8)
Cost of goods sold
2,648
2,797
(149)
(5.3)
Network payments
3,223
3,153
70
2.2
Other
2,357
2,368
(11)
(0.5)
Total goods and services purchased
8,228
8,318
(90)
(1.1)
Net impairment losses on financial assets
98
160
(62)
(38.8)
Service contracts and other agreements
1,167
1,144
23
2.0
Impairment losses (excluding net losses on financial assets)
144
162
(18)
(11.1)
Other
1,501
1,674
(173)
(10.3)
Total other expenses
2,812
2,980
(168)
(5.6)
Total operating expenses
14,758
15,470
(712)
(4.6)
Property Plant & Equipment
2,572
2,606
(34)
(1.3)
Right of Use assets
587
726
(139)
(19.1)
Depreciation
3,159
3,332
(173)
(5.2)
Amortisation of intangible assets
1,199
1,314
(115)
(8.8)
Total depreciation and amortisation
4,358
4,646
(288)
(6.2)
Balance Sheet
Statement of Financial Position
As at
30 Jun 22
30 Jun 21
Change
Change
$M
$M
$M
%
Current assets
Cash and cash equivalents
1,040
1,125
(85)
(7.6)
Trade and other receivables and contract assets
4,074
4,577
(503)
(11.0)
Deferred contract costs
116
113
3
2.7
Inventories
476
385
91
23.6
Derivative financial assets
302
624
(322)
(51.6)
Current tax receivables
17
5
12
n/m
Prepayments
235
285
(50)
(17.5)
Total current assets
6,260
7,114
(854)
(12.0)
Non-current assets
Trade and other receivables and contract assets
861
1,168
(307)
(26.3)
Deferred contract costs
1,238
1,342
(104)
(7.7)
Inventories
28
21
7
33.3
Investments - accounted for using the equity method
814
1,018
(204)
(20.0)
Investments - other
15
15
-
-
Property, plant and equipment
20,485
20,863
(378)
(1.8)
Right-of-use assets
2,926
2,852
74
2.6
Intangible assets
8,155
7,131
1,024
14.4
Derivative financial assets
512
786
(274)
(34.9)
Deferred tax assets
60
60
-
-
Defined benefit asset
274
155
119
76.8
Total non-current assets
35,368
35,411
(43)
(0.1)
Total assets
41,628
42,525
(897)
(2.1)
Current liabilities
Trade and other payables
4,189
3,766
423
11.2
Employee benefits
667
682
(15)
(2.2)
Other provisions
160
87
73
83.9
Lease liabilities
490
503
(13)
(2.6)
Borrowings
2,690
3,631
(941)
(25.9)
Derivative financial liabilities
-
26
(26)
n/m
Current tax payables
42
124
(82)
(66.1)
Contract liabilities and other revenue received in advance
1,622
1,605
17
1.1
Total current liabilities
9,860
10,424
(564)
(5.4)
Non-current liabilities
Other payables
233
9
224
n/m
Employee benefits
132
150
(18)
(12.0)
Other provisions
119
126
(7)
(5.6)
Lease liabilities
2,797
2,802
(5)
(0.2)
Borrowings
8,292
10,505
(2,213)
(21.1)
Derivative financial liabilities
305
331
(26)
(7.9)
Deferred tax liabilities
1,655
1,580
75
4.7
Defined benefit liability
10
10
-
-
Contract liabilities and other revenue received in advance
1,388
1,313
75
5.7
Total non-current liabilities
14,931
16,826
(1,895)
(11.3)
Total liabilities
24,791
27,250
(2,459)
(9.0)
Net assets
16,837
15,275
1,562
10.2
Equity
Share capital
3,098
4,436
(1,338)
(30.2)
Reserves
2,333
138
2,195
n/m
Retained profits
9,918
10,014
(96)
(1.0)
Equity available to Telstra Entity shareholders
15,349
14,588
761
5.2
Non-controlling interests
1,488
687
801
n/m
Total equity
16,837
15,275
1,562
10.2
Gross debt
13,760
16,388
(2,628)
(16.0)
Net debt
12,720
15,263
(2,543)
(16.7)
EBITDA interest cover (times) (i)
14.5
13.2
1.3
9.8
Net debt to EBITDA
1.8
2.0
(0.2)
(10.0)
ROA - Return on average assets
7.1%
7.0%
0.1 pp
ROE - Return on average equity
11.3%
12.8%
(1.5) pp
ROI - Return on average investment
9.6%
9.6%
-
ROIC - Return on invested capital
7.1%
7.5%
(0.4) pp
Gearing ratio (net debt to capitalisation)
43.0%
50.0%
(7.0) pp
(i) EBITDA interest cover equals EBITDA to net interest.
n/m = not meaningful
Cash Flow
Statement of Cash Flows
Year ended 30 June
2022
2021
Change
Change
$M
$M
$M
%
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax (GST))
23,876
26,727
(2,851)
(10.7)
Payments to suppliers and employees (inclusive of GST)
(15,987)
(18,901)
2,914
15.4
Government grants received for operating activities
179
167
12
7.2
Net cash generated by operations
8,068
7,993
75
0.9
Income taxes paid
(819)
(762)
(57)
(7.5)
Net cash provided by operating activities
7,249
7,231
18
0.2
Cash flows from investing activities
Payments for property, plant and equipment
(2,176)
(2,079)
(97)
(4.7)
Payments for intangible assets
(918)
(1,061)
143
13.5
Capital expenditure (before investments)
(3,094)
(3,140)
46
1.5
Payments for shares in controlled entities (net of cash acquired)
(771)
(26)
(745)
n/m
Payments for equity accounted investments
(30)
(30)
-
-
Payments for other investments
(50)
(152)
102
67.1
Total capital expenditure (including investments)
(3,945)
(3,348)
(597)
(17.8)
Proceeds from sale of property, plant and equipment
155
154
1
0.6
Proceeds from sale and leaseback
12
291
(279)
(95.9)
Proceeds from sale of businesses and shares in controlled entities (net of cash disposed)
4
218
(214)
(98.2)
Proceeds from sale of equity accounted and other investments
156
147
9
6.1
Distributions received from equity accounted investments
93
20
73
n/m
Receipts of the principal portion of finance lease receivables
92
120
(28)
(23.3)
Government grants received for investing activities
24
36
(12)
(33.3)
Interest received
14
18
(4)
(22.2)
Net cash used in investing activities
(3,395)
(2,344)
(1,051)
(44.8)
Operating cash flows less investing cash flows
3,854
4,887
(1,033)
(21.1)
Cash flows from financing activities
Proceeds from borrowings
1,470
2,308
(838)
(36.3)
Repayment of borrowings
(3,750)
(3,260)
(490)
(15.0)
Payments of principal portion of lease liabilities
(697)
(706)
9
1.3
Share buy-back
(1,350)
-
(1,350)
n/m
Purchase of shares for employee share plans
(5)
(39)
34
87.2
Finance costs paid
(534)
(613)
79
12.9
Dividends/distributions paid to non-controlling interests
(100)
(35)
(65)
n/m
Dividends paid to equity holders of Telstra Entity
(1,888)
(1,902)
14
0.7
Proceeds from the sale of units in a controlled trust
2,883
-
2,883
n/m
Other
-
11
(11)
n/m
Net cash used in financing activities
(3,971)
(4,236)
265
6.3
Net (decrease)/increase in cash and cash equivalents
(117)
651
(768)
n/m
Cash and cash equivalents at the beginning of the period
1,125
499
626
n/m
Effects of exchange rate changes on cash and cash equivalents
32
(25)
57
n/m
Cash and cash equivalents at the end of the year
1,040
1,125
(85)
(7.6)
n/m = not meaningful
Stat Data
Average Revenue per Unit (ARPU) ($)
Half-year ended
Jun 22 vs Jun 21
Jun 22 vs Dec 21
Jun 2022
Dec 2021
Jun 2021
Change
Change
Change
Change
$
$
$
$
%
$
%
Mobile
Postpaid handheld
48.74
48.29
48.16
0.58
1.2
0.45
0.9
Prepaid handheld
25.22
22.70
21.46
3.76
17.5
2.52
11.1
Mobile broadband
18.46
17.58
16.20
2.26
14.0
0.88
5.0
Fixed - C&SB
C&SB bundle and standalone data
78.04
76.76
75.18
2.86
3.8
1.28
1.7
C&SB standalone fixed voice
36.33
33.16
38.34
(2.01)
(5.2)
3.17
9.6
Fixed - Enterprise
Data & connectivity
425.41
445.05
472.44
(47.03)
(10.0)
(19.64)
(4.4)
Note: Statistical data represents management's best estimates.
Services in operation (000s)
Half-year ended
Jun 22 vs Jun 21
Jun 22 vs Dec 21
Jun 2022
Dec 2021
Jun 2021
Change
Change
Change
Change
000s
000s
000s
000s
%
000s
%
Mobile
Postpaid handheld retail
8,740
8,669
8,585
155
1.8
71
0.8
Prepaid handheld retail
3,307
3,188
3,157
150
4.8
119
3.7
Mobile broadband (data cards)
3,035
3,033
3,023
12
0.4
2
0.1
Internet of Things (IoT)
5,700
5,128
4,676
1,024
21.9
572
11.2
Satellite
32
31
30
2
6.7
1
3.2
Total retail mobile
20,814
20,049
19,471
1,343
6.9
765
3.8
Total wholesale mobile
1,965
1,838
1,747
218
12.5
127
6.9
Prepaid handheld retail unique users
2,726
2,578
2,511
215
8.6
148
5.7
Fixed - C&SB
C&SB bundles and standalone data
3,504
3,546
3,591
(87)
(2.4)
(42)
(1.2)
C&SB standalone voice
376
430
478
(102)
(21.3)
(54)
(12.6)
Foxtel from Telstra
457
492
528
(71)
(13.4)
(35)
(7.1)
Fixed - Enterprise
Data & connectivity
179
183
187
(8)
(4.3)
(4)
(2.2)
Fixed - Wholesale
Fixed legacy
93
158
248
(155)
(62.5)
(65)
(41.1)
Data & connectivity
28
29
31
(3)
(9.7)
(1)
(3.4)
Note: Statistical data represents management's best estimates. Total wholesale mobile excludes IoT.
Workforce
Half-year ended
Jun 22 vs Jun 21
Jun 22 vs Dec 21
Jun 2022
Dec 2021
Jun 2021
Change
Change
Change
Change
000s
000s
000s
000s
%
000s
%
Employee data
Full time staff equivalents incl. contractor/agency labour
28,889
26,728
27,015
1,874
6.9
2,161
8.1
Note: Statistical data represents management's best estimates.
Segment
Segment information from operations
Total income
EBITDA contribution
Year ended 30 June
Year ended 30 June
2022
2021
Change
2022
2021
Change
$M
$M
%
$M
$M
%
Telstra Consumer and Small Business
11,978
12,330
(2.9)
5,134
4,830
6.3
Telstra Enterprise
7,132
6,985
2.1
3,051
2,921
4.5
Networks and IT
248
244
1.6
(2,255)
(2,336)
3.5
All Other
624
1,295
(51.8)
(1,154)
(672)
(71.7)
Telstra excluding Telstra InfraCo
19,982
20,854
(4.2)
4,776
4,743
0.7
Telstra InfraCo
3,638
3,790
(4.0)
2,480
2,701
(8.2)
Internal access charges
(1,575)
(1,512)
(4.2)
-
-
n/m
Total Telstra segments
22,045
23,132
(4.7)
7,256
7,444
(2.5)
Depreciation of mobile handsets right-of-use assets
-
194
n/m
Telstra Group EBITDA
7,256
7,638
(5.0)
C&SB, Enterprise and Wholesale underlying income and fully allocated EBITDA
Total income
EBITDA contribution
Year ended 30 June
Year ended 30 June
2022
2021
Change
2022
2021
Change
$M
$M
%
$M
$M
%
Mobile
7,449
7,497
(0.6)
3,061
2,538
20.6
Fixed - C&SB
4,486
4,736
(5.3)
55
139
(60.4)
Other
-
2
n/m
(1)
2
n/m
Telstra Consumer and Small Business
11,935
12,235
(2.5)
3,115
2,679
16.3
Mobile
1,675
1,513
10.7
697
554
25.8
Fixed - Enterprise
3,697
3,724
(0.7)
660
645
2.3
Other
23
33
(30.3)
7
12
(41.7)
Telstra Enterprise
5,395
5,270
2.4
1,364
1,211
12.6
International
1,501
1,496
0.3
387
336
15.2
Mobile
332
287
15.7
223
191
16.8
Fixed - Active Wholesale
477
591
(19.3)
159
231
(31.2)
InfraCo - Fixed
2,456
2,569
(4.4)
1,655
1,673
(1.1)
InfraCo - Tower / Amplitel
368
338
8.9
294
300
(2.0)
Other
5
5
-
1
(25)
n/m
InfraCo (Active and Passive)
3,638
3,790
(4.0)
2,332
2,370
(1.6)
Other
686
595
15.3
53
93
(43.0)
Elimination
(1,575)
(1,512)
(4.2)
-
-
n/m
Underlying
21,580
21,874
(1.3)
7,251
6,689
8.4
One-off nbn DA & Connection
378
1,050
(64.0)
233
802
(70.9)
Guidance adjustments
87
208
(58.2)
(228)
(47)
n/m
Reported lease adjusted
22,045
23,132
(4.7)
7,256
7,444
(2.5)
Note: C&SB, Enterprise, InfraCo external exclude any off-one nbn DA and connection, and guidance adjustments attributable. Enterprise International excludes inter-segment revenue.
Note: Product margins represent management's best estimates and are based on lease adjusted figures in FY21. Mobile and Fixed products include intercompany infrastructure costs.
Product profitability - EBITDA ($M)
Year ended 30 June
2022
2021
Change %
Mobile
3,997
3,297
21.2
Fixed - C&SB
55
139
(60.4)
- Data & connectivity
346
483
(28.4)
- NAS
314
162
93.8
Fixed - Enterprise
660
645
2.3
Fixed - Active Wholesale
159
231
(31.2)
International
387
336
15.2
InfraCo - Fixed
1,655
1,673
(1.1)
InfraCo - Tower / Amplitel
294
300
(2.0)
Other
44
68
(35.3)
Underlying
7,251
6,689
8.4
Net one-off nbn DA less nbn net C2C
233
802
(70.9)
Restructuring
(71)
(211)
66.4
Other guidance adjustments
(157)
164
n/m
Reported lease adjusted
7,256
7,444
(2.5)
Note: Product margins represent management's best estimates and are based on lease adjusted figures in FY21.
Product profitability - EBITDA margins %
Year ended 30 June
2022
2021
Mobile
42.2%
35.4%
Fixed - C&SB
1.2%
2.9%
- Data & connectivity
36.2%
43.8%
- NAS
11.5%
6.2%
Fixed - Enterprise
17.9%
17.3%
Fixed - Active Wholesale
33.3%
39.1%
International
25.8%
22.5%
InfraCo - Fixed
67.4%
65.1%
InfraCo - Tower / Amplitel
79.9%
88.8%
Other
6.3%
10.9%
Underlying
33.6%
30.6%
Net one-off nbn DA less nbn net C2C
61.6%
76.4%
Restructuring
-
-
Other guidance adjustments
-
-
Reported lease adjusted
32.9%
32.2%
Note: Product margins represent management's best estimates and are based on lease adjusted figures in FY21.
Share of net profit/(loss) from equity accounted entities
1
11
12
(2)
n/m
(303)
n/m
(305)
n/m
(2)
-
(22)
92.7%
(24)
92.1%
(9)
n/m
(22)
-
(31)
(29.2%)
Earnings before interest, income tax expense, depreciation and amortisation (EBITDA)
4,483
3,951
8,434
4,479
(0.1%)
3,932
(0.5%)
8,411
(0.3%)
3,957
(11.7%)
3,487
(11.3%)
7,444
(11.5%)
3,466
(12.4%)
3,790
8.7%
7,256
(2.5%)
Depreciation and amortisation
2,366
2,366
4,732
2,428
2.6%
2,416
2.1%
4,844
2.4%
2,316
(4.6%)
2,136
(11.6%)
4,452
(8.1%)
2,189
(5.5%)
2,169
1.5%
4,358
(2.1%)
Earnings before interest and income tax expense (EBIT)
2,117
1,585
3,702
2,051
(3.1%)
1,516
(4.4%)
3,567
(3.6%)
1,641
(20.0%)
1,351
(10.9%)
2,992
(16.1%)
1,277
(22.2%)
1,621
20.0%
2,898
(3.1%)
Net finance costs
352
342
694
375
6.5%
396
15.8%
771
11.1%
307
(18.1%)
244
(38.4%)
551
(28.5%)
238
(22.5%)
179
(26.6%)
417
(24.3%)
Profit before income tax expense
1,765
1,243
3,008
1,676
(5.0%)
1,120
(9.9%)
2,796
(7.0%)
1,334
(20.4%)
1,107
(1.2%)
2,441
(12.7%)
1,039
(22.1%)
1,442
30.3%
2,481
1.6%
Income tax expense
559
344
903
526
(5.9%)
431
25.3%
957
6.0%
209
(60.3%)
330
(23.4%)
539
(43.7%)
296
41.6%
371
12.4%
667
23.7%
Profit for the period
1,206
899
2,105
1,150
(4.6%)
689
(23.4%)
1,839
(12.6%)
1,125
(2.2%)
777
12.8%
1,902
3.4%
743
(34.0%)
1,071
37.8%
1,814
(4.6%)
Attributable to:
Equity holders of Telstra Entity
1,211
899
2,110
1,139
(5.9%)
680
(24.4%)
1,819
(13.8%)
1,098
(3.6%)
759
11.6%
1,857
2.1%
698
(36.4%)
990
30.4%
1,688
(9.1%)
Non-controlling interests
(5)
-
(5)
11
n/m
9
n/m
20
n/m
27
n/m
18
100.0%
45
n/m
45
66.7%
81
n/m
126
n/m
(i) From 1 July 2019 we have adopted AASB 16: 'Leases' on a prospective basis, i.e. no restatement of the comparative period. FY20 and FY21 have been adjusted to include the reported depreciation of mobile handsets right-of-use assets
in EBITDA because for management reporting purposes these expenses are treated as part of operating performance results. No adjustment to FY22. Given different accounting treatment of leases in FY20, FY21 and FY22 compared to FY19,
to provide a like-for-like view of our mobile handset leases (Telstra as a lessee), for illustrative purposes FY19 has been adjusted to exclude proforma operating lease expense and implied interest in the capitalised lease liability of all
but mobile handset leases from operating expenses, D&A, finance costs and income tax expense.
(ii) Includes bundles and data, standalone voice, hardware, Telstra Plus, TUSOPA, business data & connectivity and other one-off revenue.
(iii) Includes guidance adjustments. Guidance adjustments include material one-offs, such as mergers and acquisitions, disposals, impairments, spectrum, restructuring costs and such other items as determined by the Board and management.
n/m = not meaningful
Historical smry KPI
Telstra Corporation Limited
Half-year comparison
Year ended 30 June 2022
Summary management reported half-yearly data
Half 1
Half 2
Full year
Half 1
PCP
Half 2
PCP
Full year
PCP
Half 1
PCP
Half 2
PCP
Full year
PCP
Half 1
PCP
Half 2
PCP
Full year
PCP
Dec-18
Jun-19
Jun-19
Dec-19
Growth
Jun-20
Growth
Jun-20
Growth
Dec-20
Growth
Jun-21
Growth
Jun-21
Growth
Dec-21
Growth
Jun-22
Growth
Jun-22
Growth
Selected statistical data
Mobile
Total retail mobile SIOs (thousands)
17,956
18,338
18,338
18,497
3.0%
18,775
2.4%
18,775
2.4%
19,029
2.9%
19,471
3.7%
19,471
3.7%
20,049
5.4%
20,814
6.9%
20,814
6.9%
Postpaid handheld mobile SIOs (thousands)
8,105
8,244
8,244
8,381
3.4%
8,484
2.9%
8,484
2.9%
8,564
2.2%
8,585
1.2%
8,585
1.2%
8,669
1.2%
8,740
1.8%
8,740
1.8%
Belong postpaid handheld mobile SIOs (thousands) (i)
182
248
248
339
86.3%
402
62.1%
402
62.1%
424
25.1%
436
8.5%
436
8.5%
458
8.0%
470
7.8%
470
7.8%
Mobile broadband (data cards) SIOs (thousands)
3,723
3,627
3,627
3,180
(14.6%)
3,158
(12.9%)
3,158
(12.9%)
3,061
(3.7%)
3,023
(4.3%)
3,023
(4.3%)
3,033
(0.9%)
3,035
0.4%
3,035
0.4%
Prepaid mobile handheld unique users (thousands) (ii)
2,234
2,245
2,245
2,380
6.5%
2,416
7.6%
2,416
7.6%
2,462
3.4%
2,511
3.9%
2,511
3.9%
2,578
4.7%
2,726
8.6%
2,726
8.6%
Internet of Things (IoT) SIOs (thousands)
2,832
3,132
3,132
3,482
23.0%
3,784
20.8%
3,784
20.8%
4,240
21.8%
4,676
23.6%
4,676
23.6%
5,128
20.9%
5,700
21.9%
5,700
21.9%
Total wholesale mobile SIOs (thousands) (iii)
1,098
1,196
1,196
1,354
23.3%
1,507
26.0%
1,507
26.0%
1,652
22.0%
1,747
15.9%
1,747
15.9%
1,838
11.3%
1,965
12.5%
1,965
12.5%
Average postpaid handheld revenue per user per month ($)
54.58
52.34
53.61
50.31
(7.8%)
47.53
(9.2%)
48.96
(8.7%)
45.99
(8.6%)
48.16
1.3%
47.16
(3.7%)
48.29
5.0%
48.74
1.2%
48.53
2.9%
Average prepaid handheld revenue per user per month ($)
22.54
19.38
20.76
19.20
(14.8%)
19.05
(1.7%)
19.46
(6.3%)
20.89
8.8%
21.46
12.7%
20.83
7.0%
22.70
8.7%
25.22
17.5%
23.81
14.3%
Average mobile broadband revenue per user per month ($)
15.32
14.65
14.92
16.81
9.7%
16.58
13.2%
16.62
11.4%
16.93
0.7%
16.20
(2.3%)
16.49
(0.8%)
17.58
3.8%
18.46
14.0%
18.03
9.3%
Fixed - C&SB
C&SB bundles and standalone data SIOs (thousands)
3,523
3,554
3,554
3,592
2.0%
3,666
3.2%
3,666
3.2%
3,604
0.3%
3,591
(2.0%)
3,591
(2.0%)
3,546
(1.6%)
3,504
(2.4%)
3,504
(2.4%)
Belong fixed data SIOs (thousands) (iv)
225
254
254
298
32.4%
333
31.1%
333
31.1%
344
15.4%
343
3.0%
343
3.0%
346
0.6%
347
1.2%
347
1.2%
C&SB standalone voice SIOs (thousands)
1,280
1,093
1,093
921
(28.0%)
755
(30.9%)
755
(30.9%)
619
(32.8%)
478
(36.7%)
478
(36.7%)
430
(30.5%)
376
(21.3%)
376
(21.3%)
C&SB NBN SIOs (thousands)
2,214
2,568
2,568
2,935
32.6%
3,208
24.9%
3,208
24.9%
3,421
16.6%
3,487
8.7%
3,487
8.7%
3,514
2.7%
3,506
0.5%
3,506
0.5%
NBN bundles and standalone data SIOs (thousands)
1,948
2,291
2,291
2,643
35.7%
2,959
29.2%
2,959
29.2%
3,167
19.8%
3,287
11.1%
3,287
11.1%
3,312
4.6%
3,313
0.8%
3,313
0.8%
NBN standalone voice SIOs (thousands)
266
277
277
292
9.8%
249
(10.1%)
249
(10.1%)
254
(13.0%)
200
(19.7%)
200
(19.7%)
202
(20.5%)
193
(3.5%)
193
(3.5%)
Foxtel from Telstra (thousands)
772
730
730
678
(12.2%)
632
(13.4%)
632
(13.4%)
579
(14.6%)
528
(16.5%)
528
(16.5%)
492
(15.0%)
457
(13.4%)
457
(13.4%)
Average C&SB bundle and standalone data revenue per user per month ($)
80.92
78.16
79.71
78.18
(3.4%)
76.47
(2.2%)
77.12
(3.2%)
76.39
(2.3%)
75.18
(1.7%)
75.53
(2.1%)
76.76
0.5%
78.04
3.8%
77.37
2.4%
Average C&SB standalone fixed voice revenue per user per month ($)
51.59
51.21
51.29
49.47
(4.1%)
45.64
(10.9%)
47.65
(7.1%)
41.53
(16.1%)
38.34
(16.0%)
40.20
(15.6%)
33.16
(20.2%)
36.33
(5.2%)
34.75
(13.6%)
Fixed - Enterprise
Data & connectivity SIOs (thousands)
208
n/m
202
n/m
202
n/m
194
(6.7%)
187
(7.4%)
187
(7.4%)
183
(5.7%)
179
(4.3%)
179
(4.3%)
Average data & connectivity revenue per user per month ($)
484.05
n/m
476.42
n/m
482.61
n/m
473.91
(2.1%)
472.44
(0.8%)
472.58
(2.1%)
445.05
(6.1%)
425.41
(10.0%)
435.34
(7.9%)
Fixed - Wholesale
Fixed legacy SIOs (thousands)
2,221
1,671
1,671
1,168
(47.4%)
719
(57.0%)
719
(57.0%)
393
(66.4%)
248
(65.5%)
248
(65.5%)
158
(59.8%)
93
(62.5%)
93
(62.5%)
Data & connectivity SIOs (thousands)
39
38
38
37
(5.1%)
35
(7.9%)
35
(7.9%)
33
(10.8%)
31
(11.4%)
31
(11.4%)
29
(12.1%)
28
(9.7%)
28
(9.7%)
Labour
Telstra FTEs incl contractor/agency
31,419
29,769
29,769
28,270
(10.0%)
28,959
(2.7%)
28,959
(2.7%)
28,637
1.3%
27,015
(6.7%)
27,015
(6.7%)
26,728
(6.7%)
28,889
6.9%
28,889
6.9%
(i) Included in postpaid handheld mobile SIOs.
(ii) Defined as the three month rolling average of monthly active prepaid users.
(iii) Excludes IoT.
(iv) Included in C&SB bundles and standalone data SIOs.
n/m = not meaningful
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Disclaimer
Telstra Corporation Limited published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 07:50:10 UTC.
Telstra Group Limited is an Australia-based telecommunications and technology company. The Company offers a full range of communications services. The Company provides approximately 18.8 million retail mobile services, 3.8 million retail fixed bundles and standalone data services, and 960,000 retail fixed standalone voice services in Australia. The Company operates through four segments: Telstra Consumer and Small Business (TC&SB), Telstra Enterprise (TE), Networks and IT (N&IT), and Telstra InfraCo. TC&SB segment provides telecommunication, media and technology products and services to consumer and small business customers in Australia using mobile and fixed network technologies. TE segment provides telecommunication services, advanced technology solutions, network capacity and management, unified communications, cloud, security, industry solutions, integrated and monitoring services to government and large enterprise and business customers in Australia and globally.