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Chorus Limited (NS) — Earnings Release 2021
Oct 13, 2021
66180_rns_2021-10-14_02777f3c-140b-4ca2-bc5f-0a702c650b79.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
14 October 2021
Q1 FY22 overview
Total fibre connections increased by 23k to 894,000 (Q4 FY21: +29k)
Fibre uptake across the completed UFB footprint grew from 65% to 66%
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fibre broadband connections increased by 23k despite cessation of installation activity during COVID alert level 4 lockdowns and reduced volumes under alert level 3 across major centres in the latter half of the quarter
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uptake in UFB1 areas reached 71% (+2%) with Auckland reaching 76% (+1%)
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uptake in UFB2 areas now averages 44% with the fibre rollout recently completed in Whangamata, Rakaia, Haast and Ranfurly
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COVID lockdowns have driven increased demand for higher speed plans with strong momentum in 1Gbps upgrades and demand for Hyperfibre during the quarter
Total broadband connections increased 3k to 1,183,000 * (Q4 FY21: -1k)
- first three months of FY22 delivered positive net monthly broadband connections
Copper broadband and voice connections declined by 32k (Q4 FY21: -44k)
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COVID lockdowns in Aug-Sept reduced the number of copper broadband disconnections in all geographies
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voice only disconnections also slowed slightly to 12k (Q4 FY21: -14k)
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total fixed line connections declined by 9k to 1,331,000* (Q4 FY21: -16k)
Average monthly data usage grew 25% from June, boosted by COVID lockdown demand
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average fibre usage was 621GB in September, up from 500GB in June
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average monthly usage on copper was 297GB, up from 254GB in June
*totals exclude 10,000 broadband connections Chorus is partly subsidising for student households
Authorised by: JB Rousselot Chief Executive 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]