Address By the Chairman,
Shareholders and guest, I would like to welcome you to the 2021 Annual General Meeting of
Prior to our CEO and Managing Director,
FY21 Review
FY21 globally was a difficult year, with many COVID and economic challenges to navigate, many of which could not have been planned or imagined. With many state-based lockdowns, supply chain constraints and a general conservative approach to business our team were faced with many new challenges. The board and I are truly proud of the way our management team navigated these trying times, and indeed the resilience our staff showed to "Get the Job Done", a great effort.
Despite the above, FSG delivered our best financial results and strategic gains to date. Andrew and his teams' vision was truly recognised with the Award of over
As a result of our FY21 organic growth and strategic wins, our revenue increased by 77%, EBITDA 485% and NPAT 550%. Outstanding results by any measure. FSG is well positioned to continue its well-defined strategy of becoming
Outlook
Whilst COVID disruptions are reducing, we are cautiously optimistic that this globally impacting pandemic will ease during FY22. Our recently announced acquisition of
As Chairman, I have been delighted with the way Andrew and the team have navigated COVID-19, diversified revenues across retail, business to business and government and enterprise segments. Whilst at the same time, continuing to grow the FSG telecommunications infrastructure with 200+ towers planned to be delivered in the next 24 months.
FSG are embarking on several strategic projects in FY22. Commencing with the delivery of its RAN (Regional Australia Network) and
The team is also finalising agreements with 2 major international LEO providers, enabling FSG to provide more flexibility in the provision of telecommunications services to rural, region and remote
As a result, FSG are experiencing consistent growth and growing support from government and business stakeholders, as everyone at FSG is aligned to our strategy.
I would now like to hand over to Andrew.
Address By The CEO and Managing Director,
Firstly, I would like to thank you for your support during FY21. FSG has seen the group's efforts being rewarded by the Australian Federal Government, together with the NSW, QLD,WA and NT State Governments.
Our vision is well stated; to be
Yes, a bold and challenging strategy, and one that the whole of FSG embraces.
Through the support delivered by the local communities and governments, , State and the Federal Government, FSG is on track to extend its reach to over 186,000 km2 over the next 24 months.
FY21 highlights
- Revenue increased 77% to
- EBITDA increased 485% to
- NPAT increased 550% to
- Investment in Capital Assets
- FY22 backlog of committed contacts >
- Market entry to WA, awarded
-
- Federal Government - Regional Digital Connectivity,
- Secured 5G Spectrum covering over 85% of
- Signed a 5 year, MVNO Agreement with
Strategically, in early FY22 FSG announced the acquisition of
IN FY22, we will be focusing on:
- Increasing FSG's Regional Australia Network(TM) footprint and the delivery of over 20 additional networks
- Increasing our network utilisation by attracting Government and Enterprise customers
- Increasing our B2B customers delivering software automated wholesale access to FSG and NBNco(TM) access networks
- Commence Australia's first Neutral Host Pilot in partnership with
- Participating in the Regional Connectivity Program 2
- Introducing FSG's LEO capability
- Evaluate strategic acquisitions
Overall, FY22 will deliver sound growth, expanded network and capability to better serve rural, regional and remote
I would like to thank my fellow Board members and the FSG team without whose support, the growth and success of FY20 would not be possible. I would also like to acknowledge the tenacity and flexibility our team has shown during the unprecedented COVID-19 pandemic and resulting lockdowns.
To view the FY21 AGM Presentation, please visit:
https://www.abnnewswire.net/lnk/8791T2N8
About
Contact:
andrew.roberts@fieldsolutions-group.com
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