Investor Presentaiton
EBITDA & EBITDA-Capex ($mm)
FOXTEL is profitable and has significant value - A$700mm loan from News Corp is well covered
FOXTEL has transitioned into a profitable sports and news-focused streaming business
Subscription Video Services Financials
FOXTEL Paid Subscribers
■Broadcast
Streaming
$400
$379
$350
$300
$250
$200
$150
$100
$50
$72
5,000
$359
$360
4,500
$323
$124
$217
$0
2019
2020
2021
2022
EBITDA
EBITDA - - Capex
$167
4,338 4,413 4,465
4,000
3,891 3,854
3,937
3,541
3,500
3,287 3,314
3,065
2,952 2,933
3,000
2,777
2,500
2,000
1,500
1,000
Subscribers (000s)
500
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023
Source: Company filings
"Our emphasis on growth through streaming, through improved compelling interfaces, and on securing long-term valuable sports and entertainment
rights has put the company on a distinctly upward trajectory. The business is burgeoning. The surge in streaming is successfully repurposing and
monetizing existing rights... We have decisively debunked the myth that only a small proportion of the Australian population will pay for
programming...There is a new narrative at Foxtel: It is a story of rejuvenation, of resurgence and of renaissance... We've got a clear strategy to grow
through streaming strength at Foxtel, and to win through world-class content and technology."
- Robert Thomson, Foxtel Group Strategy Day (29 September 2021)
IRENIC
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