Telstra : Full Year Results 2022

11 August 2022	Office of the Company Secretary
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	AUSTRALIA
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ELECTRONIC LODGEMENT

Dear Sir or Madam

Telstra Corporation Limited - Financial results for the full year ended 30 June 2022

In accordance with the Listing Rules, the following documents for the full year ended 30 June 2022:

1. Appendix 4E - Full Year Report
2. Operating and Financial Review for the full year ended 30 June 2022, which accompanies the Directors Report
3. Directors Report (including the Remuneration Report)
4. Financial Report
5. Group Structure

have been sent to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Telstra will conduct an analyst and media briefing on its 2022 full year results from 9.15am AEST. The briefings will be webcast live at https://www.telstra.com.au/aboutus/investors/financial-information/financial-results

A transcript of the analyst briefing will be lodged when available.

Yours faithfully,

Sue Laver

Company Secretary

Telstra Corporation Limited

ACN 051 775 556

ABN 33 051 775 556

Telstra Corporation Limited

Financial results for the year ended 30 June 2022

Financial results for the year ended 30 June 2022

Table of contents

Section A	Appendix 4E
Operating and Financial Review (OFR) comprising:
Section B	Chairman and CEO message
	(including CEO transition and
	FY22/T22 achievements)
Section C	Strategy and performance
	(including FY22 financial performance),
	Our material risks and Outlook
Section D	Full Year Results and Operations Review
	(FYROR)
Section E	Directors' Report
	(including Remuneration Report)
Section F	Financial Report
Section G	Group Structure

nbn™, NBN co and other nbn™ logos and brands are trade marks of NBN Co limited and used under licence. Foxtel is a registered trade mark of Twentieth Century Fox Film Corporation.

All amounts are expressed in Australian dollars ($A) unless otherwise stated.

Telstra Corporation Ltd, ABN 33 051 775 556

APPENDIX 4E (ASX LISTING RULE 4.3A)

FINAL REPORT

30 June 2022

Telstra Corporation Limited ABN 33 051 775 556

1. Results for announcement to the market

Telstra Group		Year ended 30 June
	2022	2021	Movement
	$m	$m	$m	%
Revenue (excluding finance income) from ordinary activities	21,277	21,558	(281)	(1.3)
Other income	768	1,574	(806)	(51.2)
Total income	22,045	23,132	(1,087)	(4.7)
Finance income	110	103	7	6.8
Profit for the year	1,814	1,902	(88)	(4.6)
Profit for the year attributable to equity holders of Telstra Entity	1,688	1,857	(169)	(9.1)
Profit from ordinary activities after tax attributable to equity holders of Telstra Entity	1,688	1,857	(169)	(9.1)
2. Dividend information
Telstra Group			Amount	Franked
			per share	amount
				per share
			cents	cents
Interim ordinary dividend per share			6.0	6.0
Interim special dividend per share			2.0	2.0
Total interim dividend per share for the year			8.0	8.0
Final ordinary dividend per share			7.5	7.5
Final special dividend per share			1.0	1.0
Total final dividend per share for the year			8.5	8.5
Total dividend per share for the year			16.5	16.5
Final dividend dates
Record date			25	August 2022
Payment date			22 September 2022

The above information is based on the 2022 Financial Report, including the consolidated financial statements and notes thereto, which have been audited by Ernst & Young (EY). Refer to note 4.2 to the financial statements and the Directors' Report for other dividend-related disclosures.

3. Net Tangible Assets per security information

Telstra Group	Year ended 30 June
	2022	2021
	cents	cents
Net tangible assets per security	62.3	62.7

Net tangible assets are defined as the net assets of the Telstra Group less intangible assets and non-controlling interests. The net assets include both right-of-use assets and corresponding lease liabilities.

The number of Telstra shares on issue as at 30 June 2022 was 11,554,427,353 (2021: 11,893,297,855). As part of our capital management program, we announced the return of up to $1.35 billion to shareholders via an on-market share buy-back which was conducted during the financial year 2022. The shares bought back during the year were subsequently cancelled. Refer to note 4.3 to the financial statements for further details.

The net decrease in net tangible assets per security from 30 June 2021 reflected the impact of:

• the disposal of a 49 per cent interest in our towers business to non-controlling interests (refer to note 6.1.2 to the financial statements for further details) which increased net tangible assets, and was more than offset by
• the on-market share buy-back and acquisition of intangible assets via business combinations (refer to note 6.1.1 to the financial statements for further details).

Telstra Corporation Limited and controlled entities | A1

APPENDIX 4E (ASX LISTING RULE 4.3A)

FINAL REPORT

30 June 2022

Telstra Corporation Limited ABN 33 051 775 556

4. Dividend Reinvestment Plan

The Board has determined that the Dividend Reinvestment Plan (DRP) will continue to operate for the final dividend for the financial year 2022. The election date for participation in the DRP is 26 August 2022.

Additional Appendix 4E disclosure requirements and 'Guidance versus Reported Results' reconciliation can be found in the 2022 Financial Report, Directors' Report (including the Operating and Financial Review (OFR) and the Remuneration Report) and 2022 Group Structure lodged with this document.

Telstra Corporation Limited and controlled entities | A2