Chorus Ltd (OTCPK:CHRUF)

$ 4.15 0 (0%) Market Cap: 1.93 Bil Enterprise Value: 3.65 Bil PE Ratio: 153.19 PB Ratio: 3.40 GF Score: 64/100

Full Year 2019 Chorus Ltd Earnings Call Transcript

Aug 25, 2019 / 11:00PM GMT

Transcript

Kate M. McKenzie

Chorus Limited - CEO, MD & Director

Good morning, everyone, and welcome to our full year results announcement for FY '19. I'm Kate McKenzie, Chorus CEO; and with me is David Collins, our CFO.

We'll start with an overview of the key numbers and trends before David takes you through the financials, including guidance to FY '20. I'll then cover on the -- cover off on the things that we're focusing on for this year.

FY '19 was a clear

(technical difficulty)

you'll see uptake grew from 45% to 53%. That's outstanding when you consider our contractual target with the government was 20% by December this year. 80% of the fiber rollout is complete, and it continues to be delivered on time and on budget, and with limited CapEx spend to slightly below the lower end of our guidance range despite FY '19 being our peak year for premises rollout.

Total fixed line connections were down by 76,000. That was consistent with the decline in the year both below at a headline level, but the mix was more favorable in FY '19 with the majority of the decline on

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