Full Year 2024 Chorus Ltd Earnings Call Transcript

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Aug 26, 2024

Aug 25, 2024 / 10:00PM GMT
Mark Aue - Chorus Ltd - CEO

Good morning, and welcome everyone to our full year results announcement for FY24. I'm Mark Aue This is my first results presentation as the CEO, of course, having taken over the role earlier this year, alongside me as Katrina Smith as our acting CFO.

I'd like to start with an overview of how we've delivered against our plans in FY24. Katrina, then pick up and cover the financials and then the guidance for FY25, after which I'll come back and provide an update on our capital management review and the step changes we're making in our strategy to FY25 and beyond to deliver better outcomes for the longer term horizon. We're really pleased to be reporting another positive financial result, particularly given the challenging macroeconomic environment facing New Zealand businesses, and that demonstrates the resilience of our core Fibre business.

FY24 has reflected our continued momentum to becoming an all-Fibre business with an EBITDA result of the top end of our guidance range. Demand for Fibre has grown to almost 71.5%, with average monthly data usage now higher

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