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Chorus Limited (NS) — Earnings Release 2021
Jan 25, 2021
66180_rns_2021-01-26_ae011ec3-95a0-4343-97ea-61e8e09ee94f.pdf
Earnings Release
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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand
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Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
26 January 2021
Q2 FY21 overview
Fibre uptake increased to 63% with the UFB rollout now 92% complete
Fibre broadband connections increased by 29k (Q1 FY21: +33k; Q2 FY20: +36k)
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1Gbps connections increased 8k
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fibre uptake across the completed UFB footprint grew from 62% to 63%
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fibre uptake in UFB1 areas is at 66%, with growth strongest in Kapiti/Wellington and Waiheke Island
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recently completed UFB2 townships include Matapouri, Taipa Bay Mangonui, Taumarunui, Karapiro, Hunterville, Cheviot, Amberley, Lawrence
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average monthly data usage on fibre increased to 460GB, up from 456GB in Sept (including upstream traffic)
Copper broadband and voice connections declined by 50k (Q1 FY21: -57k; Q2 FY20: -48k)
Total broadband connections declined by 10k to 1,183,000* (Q1 FY21: -13k; Q2 FY20: no change)
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Q2 reduction in broadband reflects combined seasonal effect of student holiday disconnections (e.g. fibre uptake reduced in Dunedin), inertia selling campaigns by fixed wireless providers and COVID-19 impact on net migration
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Statistics NZ notes COVID border restrictions have reduced population growth significantly, with the gain from migration reducing from 6,000 a month pre-COVID to ~600 a month
Total fixed line connections declined by 21k to 1,369,000* (Q1 FY21: -25k; Q2 FY20: -12k)
*totals exclude the 11,000 broadband connections Chorus is currently providing free to student households
For more detail, please see the Q2 FY21 Connections Update presentation attached.
Authorised by: David Collins Chief Financial Officer
ENDS
For further information:
Steve Pettigrew
Head of External Communications
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Mobile +64 (27) 258 6257 Email: [email protected]
Brett Jackson Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]