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 2022 Chorus Ltd Earnings Call Transcript

Aug 21, 2022 / 10:00PM GMT

Transcript

Jean;Baptiste B. Rousselot

Chorus Limited - CEO

(foreign language) Greetings and welcome to our Full Year Results Announcement for FY '22. I'm JB Rousselot, the CEO of Chorus, and with me is Andrew Carroll, who I'm sure many of you will recognize. Andy is back in the CFO seat as an acting capacity, while we finalize the recruitment of a replacement for David Collins. We're going to cover the usual areas as summarized on the slide, including key results, financials, guidance, and trends, and then will take questions from the phone at the end of our presentation.

Our focus in FY '22 was to keep pushing towards our goal of 1 million fiber connections by December. COVID hasn't made that easy, with lengthy lockdowns and the ongoing effects of illness and isolation on our workforce and on consumer activity, but despite that, we grew total fiber connections by 88,000 to 959,000. So we remain on track. Net broadband connections grew by 9,000 connections, fueled by strong growth in our fiber area, about 27,000, and a slowdown in broadband losses in LFC areas as they get to high levels of

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