Hutchison Telecommunications Australia : Appendix 4E and Annual Financial Report 31 December 2021

For personal use only

Hutchison Telecommunications (Australia) Limited

ABN 15 003 677 227

Level 1, 177 Pacific Highway North Sydney, NSW 2060 Tel: [phone] Fax: [phone] www.hutchison.com.au

ASX Market Announcements

Australian Securities Exchange

Date: 24 February 2022

Subject: Appendix 4E and Annual Financial Report for the year ended 31 December 2021 and Date of 2022 Annual General Meeting

Please find attached the Appendix 4E and Annual Financial Report for the year ended 31 December 2021, together with the audit report referred to in the Appendix 4E of Hutchison Telecommunications (Australia) Limited (ASX: HTA) (the Company).

The Annual General Meeting (the AGM) of the Company will be held at 10.00 am (Sydney time) on Wednesday, 4 May 2022 and the Notice of Meeting for the AGM will be provided to shareholders in due course.

In accordance with ASX Listing Rule 3.13.1, the Company advises that the closing date for the receipt of director nominations is Monday, 4 April 2022.

Yours sincerely,

Swapna Keskar

Joint Company Secretary

AUTHORISED FOR RELEASE: By order of the Board

For further information, please contact the Company Secretary by email at [e-mail] by telephone on [phone].

For personal use only

Hutchison Telecommunications (Australia) Limited

ASX Appendix 4E

Preliminary Final Report

for the year ended 31 December 2021

Hutchison Telecommunications (Australia) Limited

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Appendix 4E and Annual Financial Report

Appendix 4E Preliminary Final Report

The Appendix 4E (Preliminary Final Report) is lodged with the Australian Securities Exchange ("ASX") under Listing Rule 4.3A.

onlyThe information contained in this Appendix 4E should be read in conjunction with the accompanying Annual Financial Report for

the year ended 31 December 2021 for Hutchison Telecommunications (Australia) Limited ("HTAL" or the "Company") and its controlled entity (the "Group"), in accordance with the continuous disclosure requirements of the Corporations Act 2001 (Cth) and the ASX Listing Rules.

Additional Appendix 4E disclosure requirements including commentary on the results can be found in the Directors' Report and the consolidated financial statements for the year ended 31 December 2021, contained in the accompanying Annual Financial Report.

This report is based on the consolidated financial statements for the year ended 31 December 2021 of HTAL and its controlled entity which have been audited by PricewaterhouseCoopers ("PwC"). The Independent Auditor's Report provided by PwC is included in the consolidated financial statements for the year ended 31 December 2021.

useResults for announcement to the market

HTAL and its controlled entity report a statutory net loss of $21.7 million, compared with a profit of $825.4 million in the prior year.

HTAL's total direct and indirect (via 50% owned joint venture Vodafone Hutchison (Australia) Holdings Limited ("VHAH")) share of TPG Telecom Limited's ("TPG") (formerly Vodafone Hutchison Australia Limited ("VHA")1) results and HTAL's 50% share of VHAH's results, after consolidation adjustments, included in HTAL's results for the year was a loss of $19.9 million for the year ended 31 December 2021 compared with a profit of $148.3 million in the prior year.

The Group's revenue from ordinary activities of $0.1 million for the current period represents bank interest income. The Group's revenue from ordinary activities for the comparative period of $1.3 million represented primarily interest income on a loan to TPG under a working capital facility which was terminated prior to the merger.

personalFor		2021	2020		Movement	Movement
		$'000	$'000		$'000	%
Revenue from ordinary activities	121	1,272	(1,151)	(90%)
Profit / (loss) from ordinary activities after	(21,677)	825,441	(847,118)	(103%)
tax attributable to members
Net profit / (loss) for the year attributable to members	(21,677)	825,441	(847,118)	(103%)
		Amount			Franked amount
	Dividends / distributions		per security		per security
	Final dividend		Nil			Nil
	Interim dividend		Nil			Nil
	Record date for determining entitlements to the dividend		n/a			n/a

• Vodafone Hutchison Australia Pty Limited ("VHA") was converted to a public company on 19 June 2020 and changed its name to Vodafone Hutchison Australia Limited. On 29 June 2020, VHA changed its name from Vodafone Hutchison Australia Limited to TPG Telecom Limited,

(the company that previously bore that name having changed its name to TPG Corporation Limited) and was listed on the ASX on 30 June 2020.

Ownership interest

Hutchison Telecommunications (Australia) Limited

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Appendix 4E and Annual Financial Report

Additional dividend / distribution information

Details of dividends / distributions declared or paid during or subsequent to the year ended 31 December 2021 are as follows:

only
	Dividends / distributions declared or paid			N/A
	Dividend / distribution reinvestment plans			N/A
	Accumulated Losses
		2021	2020
		$'000		$'000
	Accumulated losses at 1 January	(3,514,500)	(4,339,941)
	Profit / (loss) attributable to the members of
use
	Hutchison Telecommunications (Australia) Limited	(21,677)	825,441
	Accumulated losses at 31 December	(3,536,177)	(3,514,500)
	Net Tangible Assets Backing
		2021	20202
	Net tangible assets backing per ordinary share	$0.05		$0.06
personalFor
	Controlled entities acquired or disposed of

There was no acquisition or disposal of controlled entities during the year ended 31 December 2021. Vodafone Hutchison Finance Pty Limited ("VHF"), a subsidiary of VHAH, was placed in member's voluntary liquidation on 30 March 2021 and formally deregistered on 12 December 2021.

Associates and joint venture entities

As at 31 December 2021, the Group held interests in the following associate and joint venture:

			2021	2020
Name of associate / joint venture	Principal activity	Country of operation	%	%
TPG Telecom Limited (formerly	Telecommunications	Australia	11.14%3	11.14%3
Vodafone Hutchison Australia Limited)	services
Vodafone Hutchison (Australia)	Financing and	United Kingdom	50.00%	50.00%
Holdings Limited	investing activities

• Adjustments have been made to prior period comparative to enhance comparability.

• HTAL's 25.05% ownership interest in TPG comprises 11.14% interest directly held by Hutchison 3G Australia Holdings Pty Limited ("H3GAH"), a wholly owned subsidiary of HTAL, and an attributed 13.91% interest indirectly held by H3GAH through VHAH, a company domiciled in the

United Kingdom in which H3GAH has a 50% shareholding. VHAH has a direct 27.82% interest in TPG.

	Hutchison Telecommunications (Australia) Limited			4
	Appendix 4E and Annual Financial Report
		Total
only
2021		2020
	Movement in equity accounted investments carrying values	$'000	$'000
	Opening balance	825,742		-
	New investments during the year	-		50
	Net gain on dilution of interest in joint venture	-		677,315
	Share of net profit / (loss) of equity accounted investments, net of tax	(19,897)		148,311
	Recycling of hedging reserve	-		2
For personal use	Net gain on cash flow hedges taken to equity (share of equity
accounted Investments), net of tax	150		64
Share-based payment reserve (share of equity accounted Investments), net of tax	682		-
Share of dividend received from equity accounted investment4	(32,099)		-
Closing balance	774,578		825,742

• HTAL's dividend income received from TPG for the 11.14% interest directly held by H3GAH, a wholly owned subsidiary of HTAL, is recorded

as a reduction in the carrying amount of the investment.