Full Year 2022 Spark New Zealand Ltd Earnings Call Transcript

Aug 23, 2022 / 10:00PM GMT
Jolie Hodson - Spark New Zealand Limited - CEO & Executive Director

(foreign language) and thanks for joining us this morning as we share Spark's full year results for the year ended June 30, 2022. I'm joined today by Spark's Finance Director, Stef Knight and as always, we'll leave time at the end of the presentation for some questions.

We're really pleased to deliver an excellent result for our shareholders today. While we saw continued COVID-19 disruption and increasing economic volatility during the year, with focused execution of our strategy, we've returned to revenue growth and delivered EBITDAI at the top end of our guidance range. The Board has declared a total flat FY '22 dividend of NZD 0.25 per share, 100% imputed, and I'm really happy to share that we're guiding for a higher dividend of NZD 0.27 per share in FY '23. That will be funded through earnings and free cash flow. This will be the first increase in Spark's total dividend since 2016 and reflects the confidence we have and the confidence the Board has in our strategy and our ability to grow earnings and free cash flow into

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