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.
Historical smry P&L
Telstra Corporation Limited
Half-year comparison - Reported lease adjusted (i)
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
($ Millions)
Total income
Mobile
Postpaid handheld 2,615 2,567 5,182 2,508 (4.1%) 2,405 (6.3%) 4,913 (5.2%) 2,352 (6.2%) 2,478 3.0% 4,830 (1.7%) 2,500 6.3% 2,545 2.7% 5,045 4.5%
Prepaid handheld 448 381 829 388 (13.4%) 385 1.0% 773 (6.8%) 404 4.1% 405 5.2% 809 4.7% 432 6.9% 492 21.5% 924 14.2%
Mobile broadband 350 323 673 325 (7.1%) 315 (2.5%) 640 (4.9%) 316 (2.8%) 296 (6.0%) 612 (4.4%) 319 0.9% 336 13.5% 655 7.0%
Internet of Things (IoT) 106 118 224 116 9.4% 127 7.6% 243 8.5% 118 1.7% 128 0.8% 246 1.2% 129 9.3% 139 8.6% 268 8.9%
Mobile wholesale 99 102 201 104 5.1% 117 14.7% 221 10.0% 127 22.1% 140 19.7% 267 20.8% 148 16.5% 160 14.3% 308 15.4%
Other 7 8 15 8 14.3% (16) n/m (8) n/m 9 12.5% 8 n/m 17 n/m 9 - 9 12.5% 18 5.9%
Total mobile services 3,625 3,499 7,124 3,449 (4.9%) 3,333 (4.7%) 6,782 (4.8%) 3,326 (3.6%) 3,455 3.7% 6,781 (0.0%) 3,537 6.3% 3,681 6.5% 7,218 6.4%
Hardware 1,531 1,621 3,152 1,741 13.7% 1,313 (19.0%) 3,054 (3.1%) 1,242 (28.7%) 1,064 (19.0%) 2,306 (24.5%) 1,071 (13.8%) 1,029 (3.3%) 2,100 (8.9%)
Mobile interconnect 112 112 224 120 7.1% 137 22.3% 257 14.7% 150 25.0% 114 (16.8%) 264 2.7% 129 (14.0%) 121 6.1% 250 (5.3%)
Media, Telstra Plus & other 80 69 149 45 (43.8%) (8) n/m 37 (75.2%) (8) n/m (33) n/m (41) n/m (54) n/m (44) (33.3%) (98) n/m
Total Mobile 5,348 5,301 10,649 5,355 0.1% 4,775 (9.9%) 10,130 (4.9%) 4,710 (12.0%) 4,600 (3.7%) 9,310 (8.1%) 4,683 (0.6%) 4,787 4.1% 9,470 1.7%
Fixed - C&SB
On-net fixed (ii) 1,264 1,062 2,326 837 (33.8%) 616 (42.0%) 1,453 (37.5%) 462 (44.8%) 322 (47.7%) 784 (46.0%) 259 (43.9%) 210 (34.8%) 469 (40.2%)
Off-net fixed (ii) 972 1,092 2,064 1,244 28.0% 1,351 23.7% 2,595 25.7% 1,470 18.2% 1,531 13.3% 3,001 15.6% 1,554 5.7% 1,596 4.2% 3,150 5.0%
Consumer content & services 390 375 765 381 (2.3%) 346 (7.7%) 727 (5.0%) 342 (10.2%) 319 (7.8%) 661 (9.1%) 306 (10.5%) 294 (7.8%) 600 (9.2%)
Business applications & services 90 93 183 99 10.0% 94 1.1% 193 5.5% 94 (5.1%) 89 (5.3%) 183 (5.2%) 86 (8.5%) 82 (7.9%) 168 (8.2%)
Interconnect, payphones & E000 78 69 147 62 (20.5%) 53 (23.2%) 115 (21.8%) 58 (6.5%) 49 (7.5%) 107 (7.0%) 55 (5.2%) 44 (10.2%) 99 (7.5%)
Total Fixed - C&SB 2,794 2,691 5,485 2,623 (6.1%) 2,460 (8.6%) 5,083 (7.3%) 2,426 (7.5%) 2,310 (6.1%) 4,736 (6.8%) 2,260 (6.8%) 2,226 (3.6%) 4,486 (5.3%)
Fixed - Enterprise
Data & connectivity 656 625 1,281 607 (7.5%) 586 (6.2%) 1,193 (6.9%) 563 (7.2%) 540 (7.8%) 1,103 (7.5%) 494 (12.3%) 462 (14.4%) 956 (13.3%)
Calling applications 485 461 946 426 (12.2%) 402 (12.8%) 828 (12.5%) 366 (14.1%) 342 (14.9%) 708 (14.5%) 342 (6.6%) 295 (13.7%) 637 (10.0%)
Managed services & maintenance 305 331 636 308 1.0% 326 (1.5%) 634 (0.3%) 328 6.5% 343 5.2% 671 5.8% 357 8.8% 381 11.1% 738 10.0%
Professional services 218 275 493 191 (12.4%) 236 (14.2%) 427 (13.4%) 181 (5.2%) 195 (17.4%) 376 (11.9%) 185 2.2% 254 30.3% 439 16.8%
Cloud applications 94 111 205 119 26.6% 127 14.4% 246 20.0% 127 6.7% 130 2.4% 257 4.5% 135 6.3% 144 10.8% 279 8.6%
Equipment sales 226 356 582 194 (14.2%) 306 (14.0%) 500 (14.1%) 157 (19.1%) 186 (39.2%) 343 (31.4%) 177 12.7% 220 18.3% 397 15.7%
Other 124 138 262 133 7.3% 145 5.1% 278 6.1% 130 (2.3%) 136 (6.2%) 266 (4.3%) 124 (4.6%) 159 16.9% 283 6.4%
Total NAS 1,452 1,672 3,124 1,371 (5.6%) 1,542 (7.8%) 2,913 (6.8%) 1,289 (6.0%) 1,332 (13.6%) 2,621 (10.0%) 1,320 2.4% 1,453 9.1% 2,773 5.8%
Total Fixed - Enterprise 2,108 2,297 4,405 1,978 (6.2%) 2,128 (7.4%) 4,106 (6.8%) 1,852 (6.4%) 1,872 (12.0%) 3,724 (9.3%) 1,814 (2.1%) 1,915 2.3% 3,729 0.1%
Fixed - Active Wholesale
Data & connectivity 198 200 398 187 (5.6%) 178 (11.0%) 365 (8.3%) 175 (6.4%) 166 (6.7%) 341 (6.6%) 158 (9.7%) 145 (12.7%) 303 (11.1%)
Legacy calling & fixed 371 316 687 252 (32.1%) 196 (38.0%) 448 (34.8%) 144 (42.9%) 106 (45.9%) 250 (44.2%) 94 (34.7%) 80 (24.5%) 174 (30.4%)
Total Fixed - Active Wholesale 569 516 1,085 439 (22.8%) 374 (27.5%) 813 (25.1%) 319 (27.3%) 272 (27.3%) 591 (27.3%) 252 (21.0%) 225 (17.3%) 477 (19.3%)
International
Fixed (legacy voice) 144 202 346 140 (2.8%) 139 (31.2%) 279 (19.4%) 105 (25.0%) 124 (10.8%) 229 (17.9%) 109 3.8% 101 (18.5%) 210 (8.3%)
Data & connectivity 491 512 1,003 532 8.4% 543 6.1% 1,075 7.2% 488 (8.3%) 451 (16.9%) 939 (12.7%) 483 (1.0%) 498 10.4% 981 4.5%
NAS & Other 168 188 356 174 3.6% 197 4.8% 371 4.2% 162 (6.9%) 166 (15.7%) 328 (11.6%) 166 2.5% 144 (13.3%) 310 (5.5%)
Total International 803 902 1,705 846 5.4% 879 (2.5%) 1,725 1.2% 755 (10.8%) 741 (15.7%) 1,496 (13.3%) 758 0.4% 743 0.3% 1,501 0.3%
InfraCo - Fixed
Commercial & recoverable works 535 499 1,034 413 (22.8%) 450 (9.8%) 863 (16.5%) 360 (12.8%) 224 (50.2%) 584 (32.3%) 152 (57.8%) 142 (36.6%) 294 (49.7%)
NBN recurring 367 400 767 428 16.6% 439 9.8% 867 13.0% 449 4.9% 451 2.7% 900 3.8% 459 2.2% 471 4.4% 930 3.3%
Other external & passive 74 78 152 74 - 71 (9.0%) 145 (4.6%) 68 (8.1%) 68 (4.2%) 136 (6.2%) 95 39.7% 161 n/m 256 88.2%
Internal 0 0 0 473 n/m 473 n/m 946 n/m 475 0.4% 474 0.2% 949 0.3% 477 0.4% 499 5.3% 976 2.8%
Total InfraCo - Fixed 976 977 1,953 1,388 42.2% 1,433 46.7% 2,821 44.4% 1,352 (2.6%) 1,217 (15.1%) 2,569 (8.9%) 1,183 (12.5%) 1,273 4.6% 2,456 (4.4%)
InfraCo - Tower / Amplitel
External 26 31 57 29 11.5% 29 (6.5%) 58 1.8% 30 3.4% 30 3.4% 60 3.4% 29 (3.3%) 31 3.3% 60 -
Internal 0 0 0 133 n/m 133 n/m 266 n/m 141 6.0% 137 3.0% 278 4.5% 150 6.4% 158 15.3% 308 10.8%
Total InfraCo - Tower / Amplitel 26 31 57 162 n/m 162 n/m 324 n/m 171 5.6% 167 3.1% 338 4.3% 179 4.7% 189 13.2% 368 8.9%
One-off nbn DA & Connection 992 1,124 2,116 1,039 4.7% 965 (14.1%) 2,004 (5.3%) 658 (36.7%) 392 (59.4%) 1,050 (47.6%) 203 (69.1%) 175 (55.4%) 378 (64.0%)
Other Product Income
External (iii) 182 170 352 189 3.8% 178 4.7% 367 4.3% 388 n/m 157 (11.8%) 545 48.5% 182 (53.1%) 282 79.6% 464 (14.9%)
Internal 0 0 0 156 n/m 155 n/m 311 n/m 146 (6.4%) 139 (10.3%) 285 (8.4%) 145 (0.7%) 146 5.0% 291 2.1%
Total Other Product Income 182 170 352 345 89.6% 333 95.9% 678 92.6% 534 54.8% 296 (11.1%) 830 22.4% 327 (38.8%) 428 44.6% 755 (9.0%)
Elimination 0 0 0 (762) n/m (761) n/m (1,523) n/m (762) - (750) 1.4% (1,512) 0.7% (772) (1.3%) (803) (7.1%) (1,575) (4.2%)
Total income 13,798 14,009 27,807 13,413 (2.8%) 12,748 (9.0%) 26,161 (5.9%) 12,015 (10.4%) 11,117 (12.8%) 23,132 (11.6%) 10,887 (9.4%) 11,158 0.4% 22,045 (4.7%)
Total expenses
Labour 2,722 2,557 5,279 2,170 (20.3%) 1,888 (26.2%) 4,058 (23.1%) 2,033 (6.3%) 1,979 4.8% 4,012 (1.1%) 1,834 (9.8%) 1,786 (9.8%) 3,620 (9.8%)
Goods and services purchased 4,382 4,756 9,138 4,622 5.5% 4,485 (5.7%) 9,107 (0.3%) 4,208 (9.0%) 4,110 (8.4%) 8,318 (8.7%) 4,148 (1.4%) 4,080 (0.7%) 8,228 (1.1%)
Net impairment losses on financial assets 88 96 184 80 (9.1%) 122 27.1% 202 9.8% 78 (2.5%) 82 (32.8%) 160 (20.8%) 41 (47.4%) 57 (30.5%) 98 (38.8%)
Other expenses 2,124 2,660 4,784 2,060 (3.0%) 2,018 (24.1%) 4,078 (14.8%) 1,737 (15.7%) 1,437 (28.8%) 3,174 (22.2%) 1,389 (20.0%) 1,423 (1.0%) 2,812 (11.4%)
Operating expenses 9,316 10,069 19,385 8,932 (4.1%) 8,513 (15.5%) 17,445 (10.0%) 8,056 (9.8%) 7,608 (10.6%) 15,664 (10.2%) 7,412 (8.0%) 7,346 (3.4%) 14,758 (5.8%)
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

Attachments

  • Original Link
  • Original Document
  • Permalink

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.