TUAS LIMITED — Investor Presentation 2021

Sep 27, 2021

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28 September 2021

The Manager Market Announcements Office Australian Stock Exchange

ELECTRONIC LODGEMENT

Dear Sir or Madam

Tuas Limited: Results Presentation

In accordance with the Listing Rules of the Australian Securities Exchange, Tuas Limited (ASX: TUA) encloses for immediate release a presentation concerning the financial results of the company for the period 11 March 2020 (date of incorporation) to 31 July 2021.

Authorised for release by the Board of Tuas Limited.

Contact:

Tony Moffatt Company Secretary Tuas Limited investor.relations@tuas.com.au

Suite 49, 61-65 Glencoe Street, Sutherland, NSW 2232, Australia www.tuas.com.au ABN: 70 639 685 975 Tuas Limited

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Agenda

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1. Financials 2. Business Updates

2. Outlook

3. Q&A N.B.: All reported numbers are in Singapore Dollars.

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Tuas Group Financial Results

(in S$’m)	Reported	For 12 months to 31 July 2021
Revenue	34.3	32.2
EBITDA	(2.4)	(0.5)
NPAT	(32.6)	(28.2)

TPG Singapore achieved positive EBITDA of $0.9M for the 12 months ending 31 July 2021.

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Revenue and Subscribers

Revenue Performance

• Core mobile phone services is 91% of total revenue.

ARPU

• Average over last 12 months $9.43 per month.

Subscriber Performance

• Commercial services launched 31 March 2020.

• More than 392,000 active subscriptions as of 31 July 2021, achieving 4.5% market share.

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Subscribers ('000)
400
392
300
200
100
133
0
04 Sep-20 31 Jul-21
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Cash Flow

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For 11 March 2020 to 31 July 2021	S’000
Cash acquired from acquisition of a subsidiaryunder common control	56,025
Proceeds from issue of share capital	88,449
Cash following acquisition of TPG Singapore (26 June 2020)	144,474
Acquisition of plant & equipment and other intangibles assets	(45,357)
Net cash used in operating activities	(6,035)
Lease liabilities and finance cost paid	(972)
Effect of exchange rate fluctuations	2,473
Cash and Term Deposits at 31 July 2021	94,583

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Unlimited Mobile to Mobile Calls for All Plans

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300 Local Fixed Minutes 500 Local Fixed Minutes 30 Local non-TPG SMS 50 Local non-TPG SMS 1GB Free Roaming 2GB Free Roaming 300 IDD Minutes

300 Local Fixed Minutes 30 Local non-TPG SMS 1GB Free Roaming

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New Business/SME Plan – Launched Sep 2021

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With Unlimited Mobile-to-Mobile Calls, Unlimited SMS to TPG mobiles , 500 Local Fixed Minutes, 50 Local non-TPG SMS, 1GB Free Roaming!

• $5 per month for first 3 months, thereafter $8 per month.

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Extensive Outdoor Infrastructure

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800Mhz of mmWave spectrum available for 5G deployment

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Quality of Service

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Latest IMDA QoS Quarterly Audit Results	Apr 21	May 21	Jun 21
Outdoor Coverage(%)	99.74	99.34	99.63
In-building (buildings)	20/20	16/16	20/20
Road Tunnels(%)	100

Meets or exceeds IMDA conditions

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MRT Tunnels Coverage

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MRT Tunnels/Stations	Completed	Pending	Remarks
NEL / CCL / DTL / CAL	✔	-	-
TEL(Stages 1 to 3)	✔
NSEW	8	11	Byend Oct 2021

Expecting to meet IMDA coverage conditions before due date

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Other Business Updates

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• Achieved key ISO 22301:2019 and ISO 27001:2013 certifications.

• ISO 22301:2019 is the certification standard for Business Continuity Management System.

• ISO 27001:2013 is the certification standard for Information Security Management System.

• Obtained IMDA approval for 5G NSA Market Trial using 2.3 GHz band until 31 Dec 2021.

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Outlook

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• TPG Singapore expected to continue tracking EBITDA positive.

• Capital expenditure guidance of approximately S$40 million for FY22, excluding investment in 5G.

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This presentation contains certain forward-looking and unaudited information.

Such information is based on estimates and assumptions that, whilst considered reasonable by the company, are subject to risks and uncertainties. Actual results and achievements could be significantly different from those expressed in or implied by this information.

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Q & A

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