Investor Presentaiton
FY22 guidance
Total Income
Underlying EBITDA²
Capex³
Free cashflow after lease payments (FCFaL)4
FY21
FY22
guidance¹
$22.9b
$21.6b to $23.6b
$6.7b
$7.0b to $7.3b
$3.0b
$2.8b to $3.0b
$3.7b
$3.5b to $3.9b
T
1. This guidance excludes material one-offs, such as mergers and acquisitions, disposals, impairments, spectrum, restructuring costs and such other items as determined by the
Board and management.
2. Underlying EBITDA excludes net one-off nbn DA receipts less nbn net C2C and guidance adjustments. FY20/21 underlying EBITDA also includes depreciation of mobile lease
right-of-use assets.
3. Capex is measured on an accrued basis and excludes spectrum and guidance adjustments, externally funded capex, and capitalised leases.
4. Free cashflow after lease payments defined as 'operating cash flows' less 'investing cash flows' less 'payments for lease liabilities', and excludes spectrum and guidance
adjustments.
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