Full Year 2021 Chorus Ltd Earnings Call Transcript

Aug 22, 2021 / 10:00PM GMT
Jean-Baptiste B. Rousselot - Chorus Limited - CEO

(foreign language) Good morning, everyone, and welcome to our full year results announcement for FY '21. I'm JB Rousselot, the CEO of Chorus; and with me is David Collins, our CFO.

As New Zealand has moved back to a level 4 lockdown, we're joining you virtually from Auckland and from Wellington. The structure of today's presentation is much the same as previous results announcements and is summarized on the slide. And as usual, we'll take questions from the phone at the conclusion of the presentation.

Our focus in FY '21 was to help consumers (inaudible) head starts that our fiber network has given New Zealand, and we had a really strong year operationally delivering on that. Market conditions have been softer in the wake of COVID-19 as New Zealand's border remains closed, resulting in low net migration into the country and a slightly lower overall broadband growth market.

Within this softer market, we continued our active position (inaudible) almost 100 retail service providers to connect another 120,000

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