Singapore Telecommunications : Investor Presentation

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

1. Up 2% in constant currency.
2. Excludes Optus' NBN migration revenues (Q1FY22: A$42m, Q1FY21: A$108m).
3. Down 3% in A$ terms.
4. 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.

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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

1. Up 5% in constant currency.
2. Excludes Optus' NBN migration & Jobs Support Scheme credits (JSS) from the Singapore government (Q1FY22: S$3m, Q1FY21: S$69m).
3. Up 12% in A$ terms.

4. Includes intercompany eliminations & corporate.

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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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