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20 August 2025 Full Year Results 2025. Superloop Limited (ASX:SLC) For personal use only
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FY25 Results | Superloop Limited FY25 Results | Superloop Limited No reliance To the maximum extent permitted by law, the information contained in this presentation is given without any liability whatsoever being accepted by Superloop Limited (Superloop) or any of its related bodies corporate or their respective directors, officers, partners, employees, advisors and agents (Relevant Parties). The information contained in this presentation is not intended to constitute legal, tax or accounting advice or opinion. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or thoroughness of the information, whether as to the past or future. Recipients of the document must make their own independent investigations, consideration and evaluation. Limited disclosure This presentation contains summary information about Superloop and its activities which is current at the date of this presentation. The information in this presentation is of a general nature. The presentation does not purport to contain all the information that a prospective investor may require in evaluating a possible investment in Superloop, nor does it contain all the information which would be required in a disclosure document prepared in accordance with the requirements of the Corporations Act 2001 (Cth) and should not be used in isolation as a basis to invest in Superloop. It should be read in conjunction with Superloop’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au. Seek your own advice In providing this presentation, Superloop has not considered the objectives, financial position or needs of the recipient. The recipient should consult with its own legal, tax or accounting advisers as to the accuracy and application of the information contained herein, and conduct its own due diligence and other enquiries in relation to such information and any investment in Superloop and the recipient’s objectives, financial position or needs. Currency All references to “$” are to Australian currency (AUD) unless otherwise noted. No offer to acquire Superloop shares The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Superloop or to retain or sell any securities that are currently held. In particular, this document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any ‘US person’ as defined in Regulation S under the U.S. Securities Act of 1993 (Securities Act). Superloop shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration. Forward-looking statements To the maximum extent permitted by law, Superloop and the Relevant Parties disclaim any responsibility for any errors or omissions in such information, including the financial calculations, projections and forecasts and indications of, and guidance on, future earnings and performance and financial position set forth herein. This presentation contains certain ‘forward-looking statements’. The words “forecast”, “estimate”, “like”, “anticipate”, “project”, “opinion”, “should”, “could”, “may”, “target” and other similar expressions are intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors and are subject to significant business, economic and competitive uncertainties and contingencies associated with exploration and/or production, many of which are beyond the control of Superloop, that may cause actual results to differ materially from those predicted or implied by any forward-looking statements. No representation or warranty is made by or on behalf of Superloop or the Relevant Parties that any projection, forecast, calculation, forward-looking statement, assumption or estimate contained in this presentation should or will be achieved or that actual outcomes will not differ materially from any forward-looking statements. Disclaimer. 2 For personal use only
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FY25 Results | Superloop Limited Q&A Looking Forward: FY26 Segment Update Financial Performance Operational Update Introduction & Highlights Agenda. 3 421 3 5 6 For personal use only
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FY25 Results | Superloop Limited Comparisons in this presentation are to FY24 unless otherwise stated 1 Refer appendices for further details on categorisation of customer numbers. 2 Underlying EBITDA is calculated as N et Profit After Tax adjusted for tax, interest, depreciation & amortisation, share -based con sideration, restructuring costs and M&A -related costs. Refer appendices for reconciliation. 3 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees, per Statement o f Cash Flows. Conversion = Gross Operating Cash Flow divided by Underlying EBITDA. Gross Operating Cash Flow3 $88.0m 95% Conversion Revenue $546m 31% Underlying EBITDA2 $92.2m 70% Customers1 731k 60% FY25 Performance Highlights . Net Profit After Tax $1.2m $16m 4 For personal use only
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FY25 Results | Superloop Limited Strong earnings growth, Positive NPAT achieved . Customers up 275k; nbn share up 75% to 6.6%. Revenue +$130m (+31%) and Underlying EBITDA +$38m (+70%) Underlying EBITDA margin up 3.9% to 16.9% Exceeded guidance First positive NPAT result since commencement of turnaround Wholesale revenue up 64% Successfully enabling challenger Retail Service Providers Business revenue stable Landmark new contracts won 18k new Smart Community lots signed. Sets up future profitable growth Consumer revenue up 37% Growth of 37% through ARPU expansion and adding 63k new customers 2 Group nbn share increased by 2.8% to 6.6% 1 (Retail: 4.1%, Wholesale 2.5%) 275k2 total new customers 1 ACCC nbn Wholesale Market Indicators Reports (quarters to Mar -25). 2 See appendices for further details on categorisation of customer numbers. nbn market share up 2.8% Net Profit after Tax Consumer revenue up 37% Wholesale revenue up 62% Positive NPAT of $1.2m Business revenue stable 5 For personal use only
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FY25 Results | Superloop Limited Revenue ($m) 249.7 323.5 416.6 546.5 FY22 FY23 FY24 FY25 241.0 368.3 455.4 730.8 Jun-22 Jun-23 Jun-24 Jun-25 Record new customer growth, driving revenue up 31%. Exceptional Consumer and Wholesale segment performances with customers up 275k Customers 1 (000) 6 1 See appendices for further details on categorisation of customer numbers. +60% YoY +31% YoY For personal use only
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FY25 Results | Superloop Limited 20.5 37.4 54.3 92.2 8.2% 11.6% 13.0% 16.9% FY22 FY23 FY24 FY25 EBITDA % Net Profit After Tax realised in FY25. Clear operating leverage as Underlying EBITDA margin up 3.9%. NPAT Positive reached one year earlier than Plan, five years from commencement of turnaround 7 (52.6) (43.2) (14.7) 1.2 FY22 FY23 FY24 FY25 Underlying EBITDA 1 ($m) +70% YoY Net Profit After Tax ($m) 1 Underlying EBITDA is calculated as N et Profit After Tax adjusted for tax, interest, depreciation & amortisation, share -based con sideration, restructuring costs and M&A -related costs. Excludes discontinued operations (FY22 only). Refer appendices for reconciliation. For personal use only
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FY25 Results | Superloop Limited 38.3 43.9 48.0 77.9 FY22 FY23 FY24 FY25 Group revenue up 31% from strong market share gains. Continued revenue momentum in Consumer (+37%) from strong volumes and ARPU expansion, Origin driving step change in Wholesale (+62%), Business showing signs of improving growth (+1%) Consumer ($m) Business ($m) Wholesale ($m) 8 Consumer retail market share gain (FY25: +63k customers) and ARPU expansion driving revenue higher Origin migration successfully completed (Origin: 213k subs at 30 June 20251) Business nbn order volumes (FY25: +11k subs), and secured connectivity wins offsetting data price declines 130.9 179.8 264.6 363.7 FY22 FY23 FY24 FY25 80.5 99.8 104.0 104.9 FY22 FY23 FY24 FY25 1 Origin Energy FY25 Results presentation. +1% YoY +62% YoY +37% YoY For personal use only
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Operational Update . FY25 Highlights Operational Update Financial Performance Segment Update Looking Forward: FY26 Appendices For personal use only
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FY25 Results | Superloop Limited Products enabled by our modern network and simple operating model . Strong revenue growth driving increased utilisation across our network Enablers: Network Integrated digital stack One operating model Global resources Segments: Products: Revenue (% of Group $) CONSUMER BUSINESS WHOLESALE Internet, Data & nbn Products Mobile & Voice Professional Services White -label Solutions Internet Transit, Backhaul, Capacity & Ethernet Managed Wi -Fi and On -net Fibre -to-the-Premise Security & Managed Services Gross Margin (% of Group $) FY25 $546.5m FY25 $189.6m 67% 19% 14% Consumer Business Wholesale 53% 22% 25% 10 For personal use only
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FY25 Results | Superloop Limited SINGAPORE HONG KONG JAPAN SAN JOSE TO MARSEILLE CAPACITY TODAY >2,400 On-net data centres / sites in Australia / worldwide including over 1,900 on -net commercial buildings > 100,000 Fibre Network route kilometres 1 >2,100 Kilometres of strategically located CBD and metro fibre route and 800 kilometres of owned duct added in FY25 > 97,000 Contracted on -net Smart Communities lots 2 100% Metro Point of Interconnect (POIs) with dual fibre backhaul capable of bulk scale > 1 Tbps > 1.2 million Installed subscriber aggregation and termination capacity > 2 Tbps Provisioned third party capacity to business customers LOS ANGELES OMAN GUAM HAWAII 1 Combination of owned, indefeasible right to use and leased fibre. 2 Lot = individual FTTP lot or student accommodation bed . Our Network. Infrastructure economics underpins our low-cost operating model DARWIN BRISBANE PERTH HOBART SYDNEY MELBOURNE ADELAIDE CANBERRA 11 For personal use only
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FY25 Results | Superloop Limited 15.4% 18.2% 21.2% 3.1% 3.8% 6.6% Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Challenger Market Share Superloop Group Market Share Group nbn net adds for 12 months ending 31 March 2025 1 1 ACCC nbn Wholesale Market Indicators Reports (quarters to Mar -25). 2 Calculation based on ACCC nbn Wholesale Market Indicators Report (Mar -25 Quarter) and ACCC Communications market report December 2024. Group nbn market share increased 2.8% to 6.6%1. Record Group nbn net adds of 250k in year to 31 March 2025. Challenger market share continuing to increase 12 SLC Vocus AGL Optus ABB TPG TLS nbn Challenger Market Share and Superloop Share 1 Size of Australian nbn broadband market ~$9.0B2 +250k Market data not yet available For personal use only
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FY25 Results | Superloop Limited Record 275,000 new customers1. Superloop Group now servicing 731,000 customers Consumer • Added 63k new customers in FY25. • Price increase in May 2025 and reduced marketing of Exetel in lead up to new “One Plan” impacted 2H25 net adds. Churn from price increase now normalised. • New Exetel One Plan launched 1 July 2025 with 11k2 new customer activations to 18 August 2025. Business • Business customers increased by 15k to 107k. • Continued success in small business market with 11k increase in nbn connections. Strong market share in recently introduced high-speed nbn products. Wholesale • Wholesale customers increased by 198k to 238k (+497%), reflecting the impact of Origin subscriber migration in Oct-24 and strong second half growth. • In 2H25, Wholesale customer adds of 51k was offset by Symbio migrating 17k to their new parent company. 1 See appendices for further details on categorisation of customer numbers. 2 Includes customers new to Superloop Group only. N ote excludes any Exetel or Superloop customer transfers. 13 455 209 67 731 Jun-24 1H25 2H25 Jun-25 323 37 26 385 Jun-24 1H25 2H25 Jun-25 93 7 8 107 Jun-24 1H25 2H25 Jun-25 40 165 33 238 Jun-24 1H25 2H25 Jun-25 Superloop Group (000) Consumer (000) Business (000) Wholesale (000) For personal use only
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FY25 Results | Superloop Limited Our brands positioned for high -speed 11K New customers activation from 1 July - 18 August3 25% Superloop New Order share of 1Gbps in FY25 Forecast active services (m)2 14 Up to 5X Speed increase 100/20Mbps upgraded to 500/50mbps 0.3 2.8 3.4 3.7 4.2 FY25 FY26E FY27E FY28E FY29E 1 NBN Co Full Year Results presentation – FY25, Address by CEO. 2 Overview of nbn’s regulatory proposal for Financial Years 2027 -29 – Chapter 6 Demand Forecasts. 3 Includes customers new to Superloop Group only. N ote excludes any Exetel or Superloop customer transfers. 500+ Mbps Market forecastMarket changes Focus on high-speed demand. nbn changes in September 2025 increase the demand for high -speed internet New 2 Gbps high speed plan +4.6 million homes can upgrade to FTTP1 +2.5m For personal use only
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FY25 Results | Superloop Limited Our approach to ESG. Integrating ESG principles across the business Governance • Appointed Alexandra Crammond to our Board effective 1 September, further increasing board skills • Revised Board/Committee Charters with amended ESG responsibilities • ESG risks managed within enterprise risk management framework • Delivered external Board training on ESG duties Social • General Performance Rights Plan for non- executives provided to drive alignment • Gender pay gap further reduced, now at 5.7% • Comprehensive Psychosocial framework • Launched Respect@Work, prevention and response plan including comprehensive training • Ongoing support for not-for-profits: Telco Together, Humpty Dumpty Foundation, DV Collective, Foundation of Goodness and Avinya Foundation • Free internet for 3,300 households • Recognised with WeMoney and Canstar Blue awards for service, value and innovation Environmental • Program in place to prepare for new accounting standards • Sustainability Council established • Sustainability and energy efficiency initiatives: • New routers models generating up to 80% saving in energy • Partnering with PICS Telecom for circular economy solutions to reduce land-fill • 1.93 tonnes of landfill avoided through various initiatives Our ESG Framework Reduce our environmental impact Use our influence for good Maintain a solid foundation for sustainable growth 1 2 3 15 For personal use only
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Financial Performance . FY25 Highlights Operational Update Financial Performance Segment Update Looking Forward: FY26 Appendices For personal use only
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FY25 Results | Superloop Limited $m FY24 FY25 Change ($m) Change % Revenue 416.6 546.5 +129.8 Gross Margin 145.1 189.6 +44.5 Operating Expenses 1 (92.1) (103.0) (10.9) Underlying EBITDA 2 (Guidance Basis) 54.3 92.2 +37.9 Reported EBITDA 38.5 75.2 +36.7 Net Profit/(Loss) After Income Tax (14.7) 1.2 +16.0 Free Cash Flow 3 29.2 56.3 +27.1 Revenue and other income Substantial growth in Wholesale and Consumer revenue. Group revenue up $129.8m (+31.2%) Continuing positive momentum across key financial metrics. 1 Operating Expenses excludes share-based consideration, restructuring costs and M&A -related costs . 2 Underlying EBITDA is calculated as N et Profit After Tax adjusted for tax, interest, depreciation & amortisation, share -based con sideration, restructuring costs and M&A -related costs. Refer appendices for reconciliation. 3 Free Cash Flow is calculated as the operating cash flow less investing cash flow adjusted for acquisition and disposals. 4 Opex/Revenue is calculated by dividing Operating Expenses (ex Doubtful Debts and Marketing Expenses) by Revenue. Operating Expenses1 Increased 11.8%. Opex/Revenue4 decreased from 17.3% to 14.4% Underlying EBITDA2 grew 69.8% to $92.2m Net Profit after Income Tax delivered net profit of $1.2m Free Cash Flow4 increase of $27.1m to $56.3m 17 FY25 Results | Superloop Limited Gross Margin Increased by $44.5m to $189.6m 92.7% nm 95.2% 69.8% 11.8% 30.7% 31.2% For personal use only
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FY25 Results | Superloop Limited 18 Gross margin up $44.5m to $189.6m. Group gross margin (%) stable at 34.7% 74.7 24.9 99.6 41.8 42.4 28.6 47.6 145.1 0.6 19.1 189.6 FY24 Consumer Business Wholesale FY25 30.7 52.4 74.7 99.625.3 38.0 41.8 42.4 25.5 26.4 28.6 47.6 34.2% 36.1% 34.8% 34.7% FY22 FY23 FY24 FY25 Consumer Business Wholesale GM (%) Gross Margin growth ($m) Gross Margin bridge: FY24 v. FY25 ($m) Wholesale GM 61.1% Business GM 40.5% Consumer GM 27.4% For personal use only
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FY25 Results | Superloop Limited Operating expense by Type ($m) Opex/Revenue 1 1 Opex/Revenue calculated by dividing Operating Expenses (ex -Doubtful Debts and Marketing Expenses) by Revenue. 19 Operating leverage continues to be demonstrated. Opex /Revenue reduction of 2.9% while adding 275,000 new customers. +$10.9m YoY +11.8% YoY 40.1 48.6 53.9 59.8 12.6 16.6 19.7 21.9 8.3 14.3 18.5 21.2 61.0 79.5 92.1 103.0 FY22 FY23 FY24 FY25 Employee Expenses Other Opex Marketing 249.7 323.5 416.6 546.5 20.4% 19.7% 17.3% 14.4% FY22 FY23 FY24 FY25 Revenue ($m) Opex/Revenue (%) For personal use only
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FY25 Results | Superloop Limited Investment in capex enabling growth. Capital expenditure (cash basis) of $28.4m, at lower end of $28m -$30m guidance FY25 Capex Category ($m) Digital & Transformation 6.4 Growth Capex – Shared 12.0 Growth Capex – Customer 8.2 Replacement 1.8 Total 28.4 Capex of $28.4m in FY25 included: • Digital & Transformation: $6.4m invested in significant digital upgrades including: • Consumer mobile app and the award- winning Refreshify tool • Krypton portal for Business partners • Network Inventory system to support enhanced operational efficiency. • Growth Capex – Shared: $12.0m on network upgrades and capacity expansion, future proofing the network to ensure the best end- user experience. • Growth Capex – Customer: $8.2m on fibre builds and customer connection capex, including Smart Community FTTP builds. 20 19.0 21.5 25.0 28.4 7.6% 6.6% 6.0% 5.2% FY22 FY23 FY24 FY25 Capex ($m) Capex/Revenue (%) Capex/Revenue FY25 Capex For personal use only
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FY25 Results | Superloop Limited (25.9) 23.2 29.2 56.3 FY22 FY23 FY24 FY25 1 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees, per Statement o f Cash Flows. 2 Gross Operating Cash Flow Conversation calculated by dividing Gross Operating Cash Flow by Underlying EBITDA. 3 Free Cash Flow is calculated as the operating cash flow less investing cash flow adjusted for acquisition and disposals. 4 Net debt is calculated as cash ($74.5m) minus bank borrowings ($45.0m). Does not include bank guarantees. 21 • Positive net cash position of $29.5m. Debt covenants well below thresholds. Metric FY25 Gross Operating Cash Flow 1 $88.0m Gross Operating Cash Flow Conversion 2 95% Free Cash Flow 3 $56.3m Net Cash Flow (excl debt repayment) $25.9m Net Cash / (Debt) 4 $29.5m Indicative Net Leverage Ratio n/a (net cash) Indicative Interest Cover Ratio 20.2x * Full cash flow bridge included in Appendices. +55% YoY +93% YoY Continued strong operating cash flow. Free cash flow up 93% to $56.3m. Group has strong balance sheet and funding position (0.6) 45.6 56.6 88.0 FY22 FY23 FY24 FY25 Strong Free Cash Flow of $56.3m, up 93% YoY Gross operating cash flow of $88.0m, up 55% YoY For personal use only
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Segment Update . FY25 Highlights Operational Update Financial Performance Segment Update Looking Forward: FY26 Appendices For personal use only
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FY25 Results | Superloop Limited Sustained strong revenue growth ($m) Consumer Customer gains (000) Revenue: Increased by 37% to $363.7m driven by volume growth and ARPU expansion. Gross Margin: Gross margin of $99.6m (+33%) and GM% of 27.4%, a reduction of 0.8% from FY24. GM% remains above long-term target of 25%. Sustained, strong revenue growth in Consumer segment. Revenue growth of $99.1m (+37% YoY) with 63k net new customers 23 10 24 56 34 46 37 26 1H23 2H23 1H24 2H24 1H25 2H25 Organic MyRepublic • 63k net new customers in FY25. • Price increase in May 2025 and reduced marketing of Exetel in lead up to new “One Plan” impacted 2H25 net adds. Churn from price increases in May now normalised. • New Exetel One Plan launched July 2025 with 11k new customer activations to 18 August 20251. 130.9 179.8 264.6 363.7 23.5% 29.1% 28.2% 27.4% FY22 FY23 FY24 FY25 Revenue ($m) GM% FY25 Results FY24 ($m) FY25 ($m) YoY (%) Revenue 264.6 363.7 37% Direct costs (189.9) (264.1) 46% Gross Margin 74.7 99.6 33% Gross Margin % 28.2% 27.4% (0.8%) 1 Includes customers new to Superloop Group only. N ote excludes any Exetel or Superloop customer transfers. For personal use only
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FY25 Results | Superloop Limited 38.3 43.9 48.0 77.9 66.6% 60.1% 59.5% 61.1% FY22 FY23 FY24 FY25 Revenue ($m) GM% FY25 Results Wholesale revenue up 62%. Our strategy of enabling Challenger brands has increased wholesale customers by 198k Record Wholesale Customer growth (000) 24 • Migration of 130k Origin subscribers completed Oct-24. • Symbio migrated approximately 17k subscribers from the Superloop network to their new parent network in 2H25. 40 165 33 238 Jun-24 1H25 2H25 Jun-25 Strong revenue growth ($m) FY24 ($m) FY25 ($m) YoY (%) Revenue 48.0 77.9 62% Direct costs (19.4) (30.3) 56% Gross Margin 28.6 47.7 67% Gross Margin % 59.5% 61.1% 1.6% Revenue: Increased 62% to $77.9m, driven by enabling Challenger brands. Gross Margin: Generated $47.7m at a gross margin of 61.1%. Origin migration completed Oct-24, providing 8 full months of gross margin contribution.For personal use only
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FY25 Results | Superloop Limited Revenue growth in 2H25 indicates business conditions improving Revenue: Increased in the period to $104.9m. Gross Margin: Increased $0.6m to $42.4m. Trading: • Business nbn customers increase of +11k and secure connectivity wins offset data price declines on dedicated, high speed data services. • Strong sales performance in Smart Communities. Record 18k lots1 signed including 17k new FTTP lots. FY24 ($m) FY25 ($m) YoY (%) Revenue 104.0 104.9 0.8% Direct costs (62.2) (62.4) 0.3% Gross Margin 41.8 42.4 1.5% Gross Margin % 40.2% 40.5% 0.3% Business segment revenue and margin steady. New wins and volume gains, maintaining revenue and margin position. Signs of improving market conditions 25 80.5 99.8 104.0 104.9 31.4% 38.1% 40.2% 40.5% FY22 FY23 FY24 FY25 Hundreds Revenue ($m) GM% New Business logos in FY25 include: FY25 Results 1 Lot = individual FTTP lot or student accommodation bed. For personal use only
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FY25 Results | Superloop Limited Products What is Smart Communities? Smart Communities delivers wholesale FTTP services and WiFi solutions to different classes of new properties Markets Residential FTTP supported by intelligent Wi -Fi solutions FTTP solutions for Broadacre developments Connecting communities with multi -layered Wi -Fi services High-speed FTTP tailored for Build -to-Rent developments Managed Wi -Fi for student accommodation and universities Broadacre communities Residential & mixed use Build-to-Rent Smart cities & Public WiFi Student Accommodation PBSA: Superloop is the no. 1 broadband provider in the tertiary student accommodation market FTTP: new greenfield properties. Superloop established and credible Superloop-owned Fibre to the Premise Purpose Built Student accommodation Superloop Routers and Servers in Datacentre Superloop Connection to each Lot Superloop Hardware in Comms Room Superloop Fibre from Datacentre to Building 26 For personal use only
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FY25 Results | Superloop Limited STRONG GROWTH IN CONTRACTED PREMISES Construction activity accelerating 1 Lot = individual FTTP lot or student accommodation bed. SALES • Record contracted lots, increasing by 18k (17k FTTP) to 97k, including: • Landmark win with NSW Government for 10,000 lots. • Winning new opportunities across Multi-Dwelling Units and Broadacre developments, including with Resimax and AV Jennings. • Continued market leadership in Tertiary Accommodation Wi-Fi. +18k (+15%) 27 LANDMARK WIN WITH NSW GOVERNMENT FOR 10,000 LOTS, ENABLING A NEW CITY Landmark Sales Wins in Smart Communities. Construction book growing with 42k lots 1 in construction, build activity accelerating Delivering Australia’s newest city, driving investment, and growing industry in Western Sydney. 20k Multi-dwelling units 6k Single dwelling units 16k Student Accommodation 7k constructed after 5 Years 35k constructed within 5 years In-construction premises 42k 44 41 44 55 53 55 14 26 42 69 79 97 Jun- 23 Jun- 24 Jun- 25 Jun- 23 Jun- 24 Jun- 25 Jun- 23 Jun- 24 Jun- 25 Jun- 23 Jun- 24 Jun- 25 Active Connected In Construction Total Contracted For personal use only
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FY25 Results | Superloop Limited FY25 Results | Superloop Limited Smart Communities Wins in FY25 include: 28 Prog eny Projects For personal use only
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Looking Forward: FY26 . Highlights Operational Update Financial Performance Segment Update Looking Forward: FY26 Appendices For personal use only
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FY25 Results | Superloop Limited • Unapologetically fast internet needs unapologetically bold creative • 100% App and AI-led digital customer support • With a website experience that culls complexity Exetel Brand. App Website Creative FY25 Results | Superloop Limited30 For personal use only
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FY25 Results | Superloop Limited KEY SALES METRICS KEY SERVICE METRICS ONE PLAN, ONE PRICE, NO TRICKS, NO TRAPS Everything you need 31 Exetel repositioned with a disruptive value proposition. “ONE PLAN” launched in July with 11k new customer activations to 18 August 2025 86% New Orders activated in under 15 minutes 85% Customer support managed by AI-driven webchat agent. 15% human webchat agents -$1/day 12 Mbps Hibernate $80/mth 500 Mbps ONE Plan +$1/day 1 Gbps Warp Speed +86% Increase in Website users Month 1 +241% Increase in Digital conversion rate Month 1 11k New customers activated to 18 August1 Tech-savvy value seekers • GenX - Millennials • Digitally confident / value conscious • Research driven buying • Life stage diverse / time poor Primary audience 1 Includes customers new to Superloop Group only. N ote excludes any Exetel or Superloop customer transfers. For personal use only
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FY25 Results | Superloop Limited 100% 100% FY25: On Track FY25: On Track 32 1 June 2026 monthly Revenue, annualised 2 June 2026 monthly Underlying EBITDA annualised, target of “mid -to-high teens” Underlying EBITDA margin (15% - 19%). 3 Underlying EBITDA is calculated as N et Profit After Tax adjusted for tax, interest, depreciation & amortisation, share-based consideration, restructuring costs and M&A -related costs. Refer appendices for reconciliation. “DOUBLE DOWN“ PROGRESS Jun-26: $700m1 Revenue run -rate Underlying EBITDA 3 run-rate NPATA >$0 Net Profit after Tax >$0 Strong progress on Double Down strategy, with exceptional organic growth to date. NPAT positive achieved in FY25, M&A still part of Double Down strategy Jun-26: Mid-high teens % 2 For personal use only
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FY25 Results | Superloop Limited Execute on final year of Double Down strategy • Capture nbn “Accelerate Great” speed bestowal opportunity • Accelerate Business growth including Smart Communities moving to delivery phase • Remain lowest cost provider and drive further operating leverage Identify and execute accretive M&A opportunities to leverage our platform and balance sheet Great start to FY26 with Consumer trading strong with 17k1 new customers to 18 August across both the Superloop and Exetel brands FY26 focus is on achieving our Double Down strategy and driving more growth from our platform. 1 2 3 1 17k net Consumer customers includes 11k of Exetel ONE Plan adds, Superloop adds, and churn on both the Superloop and Exetel bases. 33 For personal use only
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Appendices . Highlights Operational Update Financial Performance Segment Update Looking Forward: FY26 Appendices For personal use only
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FY25 Results | Superloop Limited Melbourne Sydney Acquisition of 2,100km fibre network. Strong alignment to Smart Communities ambitions and enables progressive optimisation of network costs • Acquired for $17.5m (plus working capital adjustments) in Feb-25. • Adds substantial scale to domestic fibre network via: • 2,100km of metropolitan fibre • 800km of owned duct • 1,900 on-net buildings, across Sydney, Melbourne, Brisbane and Gold Coast. • Includes long term contracts and transferred customers. • Fibre network footprint aligns to our existing and contracted Smart Communities developments, generating capex and opex synergies. Further benefits through leveraging new product in our Wholesale and Business segments. Brisbane & Gold Coast 35 For personal use only
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FY25 Results | Superloop Limited Group Income Statement. $m FY24 FY25 Revenue1 416.63 546.46 Cost of Goods Sold (271.52) (356.84) GROSS MARGIN 145.11 189.62 Other Income 1.26 1.81 Origin share consideration1 - 3.68 Operating Expenses (92.10) (102.96) UNDERLYING EBITDA 54.26 92.16 Underlying EBITDA adjustments (refer following slide) (15.72) (16.92) REPORTED EBITDA 38.54 75.24 Depreciation & Amortisation (71.32) (77.60) Net Interest Expense (6.21) (5.27) Foreign Exchange Gains/(Losses) (0.30) 0.26 Share of Net Gains/(Losses) from Investment in Associate - (0.03) NET PROFIT/(LOSS) BEFORE INCOME TAX (39.29) (7.40) Income Tax (Expense)/Benefit 24.54 8.61 NET PROFIT/(LOSS) AFTER INCOME TAX (14.74) 1.21 36 1 Revenue is calculated net of non -cash Origin share consideration (FY24: $0, FY25: $3.7m). This is added back for the purpose of calculating Underlying EBITDA. For personal use only
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FY25 Results | Superloop Limited Underlying EBITDA to Net Profit/(Loss) After Tax. $m FY24 FY25 UNDERLYING EBITDA 54.26 92.16 Share Based Payments - Employees (2.03) (4.88) Origin Share Consideration - (3.68) Restructuring Costs (0.72) (0.90) Transaction Costs (4.45) (5.74) Acquisition Consideration in Income Statement1 (8.52) (1.73) REPORTED EBITDA 38.54 75.24 Depreciation & Amortisation – Amortisation of Acquired Intangible Assets (27.04) (23.34) Depreciation & Amortisation – All other D&A (44.28) (54.26) Net Interest Expense (6.21) (5.27) Foreign Exchange Gains/(Losses) (0.30) 0.26 Share of Losses from Investment in Associate - (0.03) NET PROFIT/(LOSS) BEFORE INCOME TAX (39.29) (7.40) Income Tax (Expense)/Benefit 24.54 8.61 NET PROFIT/(LOSS) AFTER INCOME TAX (14.74) 1.21 • Share Based Payments – Employees of $4.9m. Increase driven by higher employee numbers and increase in share price (which has a consequential increase in the value of the shares issued to employees). • Origin Share Consideration of $3.7m relates to shares provided as part of the Origin contract. These amounts are recognised as a reduction in revenue but are added back in the Underlying EBITDA calculation. • Transaction Costs of $5.7m from takeover defence and M&A costs relating to the Uecomm acquisition. • Acquisition Consideration in Income Statement of $1.7m relates to deferred and contingent consideration for the VostroNet and Acurus acquisitions. No further costs are expected to be accrued in relation to these acquisitions. • Income Tax Benefit of $8.6m includes $4.6m of income tax expense offset by income tax benefit of $13.2m arising on the recognition of prior year tax losses. All tax losses have now been booked (c.$75m of available tax losses carried forward into FY26, subject to finalisation of FY25 tax return). 37 1 Acquisition Consideration in Income Statement adjustment includes VostroNet share -based payments (FY24: -$5.3m, FY25: -$1.7m), V ostroNet contingent consideration as remuneration (FY24: -$5.9m, FY25: -$2.0m) and movement in accrued contingent consideration payments for Acurus and VostroNet (FY24: $2.6m, FY25: $2.0m). For personal use only
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FY25 Results | Superloop Limited $m 1H23 2H23 1H24 2H24 1H25 2H25 Revenue Consumer 77.91 101.92 118.87 145.69 170.33 193.37 Business 48.15 51.63 52.60 51.44 52.19 52.67 Wholesale 21.80 22.11 22.97 25.06 34.99 42.93 TOTAL REVENUE 147.86 175.67 194.43 222.20 257.50 288.97 Cost of Goods Sold Consumer (58.63) (68.78) (85.07) (104.78) (124.20) (139.93) Business (30.78) (30.95) (31.31) (30.92) (31.45) (30.98) Wholesale (8.96) (8.54) (9.35) (10.09) (13.88) (16.40) TOTAL COST OF GOODS SOLD (98.38) (108.28) (125.73) (145.79) (169.53) (187.31) Gross Margin Consumer 19.27 33.14 33.80 40.91 46.12 53.43 Business 17.37 20.68 21.29 20.52 20.73 21.69 Wholesale 12.84 13.57 13.62 14.97 21.11 26.53 TOTAL GROSS MARGIN 49.48 67.39 68.70 76.40 87.97 101.66 Gross Margin % Consumer 24.7% 32.5% 28.4% 28.1% 27.1% 27.6% Business 36.1% 40.1% 40.5% 39.9% 39.7% 41.2% Wholesale 58.9% 61.4% 59.3% 59.7% 60.3% 61.8% TOTAL GROSS MARGIN % 33.5% 38.4% 35.3% 34.4% 34.2% 35.2% 38 Half-Year Gross Margin – Segment Breakdown. For personal use only
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FY25 Results | Superloop Limited Cash flow. $m FY24 FY25 Change Change % Gross operating cash flow1 56.64 87.97 31.33 55.3% Transaction costs (2.95) (7.24) (4.29) 145.4% Taxes paid (3.77) (0.03) 3.74 (99.3%) Cash inflow from operating activities 49.92 80.70 30.78 61.7% Capex (24.97) (28.45) (3.47) 13.9% Investing cash flows on M&A activities (0.05) (20.44) (20.38) nm Other investing cash flows 0.51 4.07 3.56 695.6% Cash outflow from investing activities (24.52) (44.81) (20.29) 82.8% Lease payments (6.53) (6.28) 0.25 (3.8%) Other financing cash flows 0.82 (6.83) (7.65) (931.9%) Cash outflow from financing activities (5.71) (13.11) (7.40) 129.7% Foreign Exchange Movements in Cash (0.30) 0.12 0.42 (138.9%) Net movement in Cash 19.40 22.90 3.50 18.0% Closing Cash 51.56 74.46 22.90 44.4% Free Cash Flow2 29.23 56.33 27.10 92.7% 1 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees, per Statement o f Cash Flows. 2 Free Cash Flow is calculated as the operating cash flow less investing cash flow adjusted for acquisition and disposals. 39 For personal use only
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FY25 Results | Superloop Limited Underlying EBITDA to net cash movement. 40 1 Underlying EBITDA is calculated as N et Profit After Tax adjusted for tax, interest, depreciation & amortisation, share -based con sideration, restructuring costs and M&A -related costs. 2 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees, per Statement o f Cash Flows. 92.2 (4.2) 88.0 (28.4) (7.3) 4.1 56.3 (17.7) (2.7) (6.3) (3.7) (3.0) 22.9 Underlying EBITDA Gross OpCF Conversion Gross Operating Cash Flow Capex Transaction costs Other Investing items (ex M&A) Free Cash Flow Uecomm acquisition VostroNet earn-out payment Lease payments Other finance items and FX Repayment of bank borrowings Net movement in Cash2 1 For personal use only
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FY25 Results | Superloop Limited $m 30 June 24 30 June 25 Cash & Cash Equivalents 51.56 74.46 Trade and Other Receivables 32.39 50.32 Other Current Assets 19.32 23.14 Property, Plant & Equipment 123.96 135.21 Rights and Licences 59.42 49.13 Other Intangible Assets 66.23 50.70 Goodwill From Acquisitions 166.80 167.28 Deferred Tax Assets 14.66 25.95 Other Non-Current Assets 17.94 32.53 TOTAL ASSETS 552.27 608.71 Trade and Other Payables (77.05) (94.13) Lease Liabilities (Current) (4.03) (5.04) Other Current Liabilities (33.96) (44.80) Lease Liabilities (Non-Current) (8.65) (5.70) Bank Borrowings (48.00) (45.00) Other Non-Current Liabilities (12.85) (16.80) TOTAL LIABILITIES (184.55) (211.46) EQUITY 367.72 397.25 Balance Sheet. 41 For personal use only
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FY25 Results | Superloop Limited Customer number definition. Consumer Unique customers on various access technologies such as nbn , Superloop Fixed Wireless and mobile. A single customer with multiple services (such as broadband, VoIP and mobile) only counts as a single customer. Business Unique end business locations on various access technologies such as Superloop Managed WiFi, Superloop Fibre, Superloop Fixed Wireless, nbn and mobile. A single business location with multiple services (such as broadband, managed services, VoIP and mobile) counts as a single business location. A single business with 5 locations (branches) serviced by Superloop, however, counts as five business locations. A managed WiFi customer to whom Superloop services 100 uniquely identifiable locations counts as 100 business locations. Covers all business sub-segments including SMB, mid market and enterprise. Business locations serviced via the nbn network as defined by the nbn March 2025 report. A Fibre-to-the-Premises lot is a distinct location in a building with a separate Network Termination Device and Unique Location ID. Active = service provided to lot, Connected = service available at lot, Committed = contracted to connect to lot. Customers includes active lots only. Wholesale Number of customers purchasing telco offerings from Superloop plus unique end customers serviced via Superloop wholesale aggregation and white label products as defined in Consumer and Business above. Segment Financials Total customer numbers above do not fully align with segment revenue and COGS. Specifically, businesses purchasing a residential rather than business plan are reported in the Consumer segment (revenue, margin and customer numbers) rather than the Business segment. 42 For personal use only
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Thank you. Superloop Limited investor@superloop.com https://investors.superloop.com For personal use only