Report Overview
Notice: Undefined variable: post in /home/virtinalabs/public_html/venture.virtinalabs.net/wp-content/themes/septera-plus/woocommerce/single-report.php on line 69
Notice: Trying to get property 'ID' of non-object in /home/virtinalabs/public_html/venture.virtinalabs.net/wp-content/themes/septera-plus/woocommerce/single-report.php on line 69
Optus Q4FY20: a challenging quarter likely to have implications for mobile ARPUs
- PublisherVenture Insights.
- Publish Date June 3, 2020
- Sector Telecom.
Notice: Undefined variable: newDownloads in /home/virtinalabs/public_html/venture.virtinalabs.net/wp-content/themes/septera-plus/woocommerce/single-report.php on line 132
Notice: Undefined variable: post_id in /home/virtinalabs/public_html/venture.virtinalabs.net/wp-content/themes/septera-plus/woocommerce/single-report.php on line 138
Notice: Undefined index: pdf in /home/virtinalabs/public_html/venture.virtinalabs.net/wp-content/themes/septera-plus/woocommerce/single-report.php on line 157
Notice: Undefined variable: link in /home/virtinalabs/public_html/venture.virtinalabs.net/wp-content/themes/septera-plus/woocommerce/single-report.php on line 386
On 28th May 2020, Optus announced its FY20 earnings update for the financial year ending 31st March. Some of the key highlights from the announcement included:
-
Revenue of A$8,954mn in FY20, down 1.6% over FY19 driven by a lower volume of equipment sales and increased mix of lower-margin devices. Equipment sales declined due to unbundling of mobile devices from service contracts and weaker consumer sentiment due to bushfires and COVID-19. These trends were partially mitigated by higher NBN migration revenue.
-
Operating EBITDA decreased 1.7% to A$2,652mn in FY20 due to lower handset volume sales and lower margins on equipment and NBN resale.
-
Overall net profit of A$402mn in FY20, down 39.0% over FY19. The free cashflow for the financial year was strong at A$1,396, which was up 36% compared to the previous year.
Contents
Our take
Optus 4QFY20 earnings update
List of charts/tables
Figure 1. FY20 Optus key financials (A$mn)
Figure 2. 4QFY20 Optus key financials (A$mn)
Figure 3. Operating and financial metrics – Optus Mobile
Figure 4. Operating metrics – Optus fixed broadband subscriptions
Figure 5. 4QFY20 Optus Enterprise key financials (A$mn)