External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

External broker reports(aggregated public sources)

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><div><div><div><ul><li>Aussie Broadband has continued the strong market share momentum in residential broadband.</li><li>Customer numbers rose by a net c25,000 during the March quarter, out of the c27,200 net growth in the broadband market.</li><li>Including customers on 3rd party networks, the company remains on track to meet our FY23e new customer growth forecasts of c100K. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Aussie Broadband has continued the strong market share momentum in residential broadband.Customer numbers rose by a net c25,000 during the March quarter, out of the c27,200 net growth in the broadband market.Including customers on 3rd party networks, the company remains on track to meet our FY23e new customer growth forecasts of c100K. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Aussie Broadband has reported a solid first half result, with underlying revenues of $379m (+65%) and EBITDA of $41.1m beating our expectations by 5%.</li><li>The re-shuffle of segments is arguably overdue given the wider spread of services post the OTW acquisition.</li><li>Reading through the amendments, the bottom line is that Business, Government and Enterprise has currently reached a third of gross profits and likely well above this on an EBITDA basis.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Aussie Broadband has reported a solid first half result, with underlying revenues of $379m (+65%) and EBITDA of $41.1m beating our expectations by 5%.The re-shuffle of segments is arguably overdue given the wider spread of services post the OTW acquisition.Reading through the amendments, the bottom line is that Business, Government and Enterprise has currently reached a third of gross profits and likely well above this on an EBITDA basis.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li><span data-sheets-value='{"1":2,"2":"Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below."}' data-sheets-userformat='{"2":33281,"3":{"1":0},"12":0,"18":1}'>Aussie Broadband has delivered a positive AGM update re-affirming revenue and EBITDA guidance for FY23e and demonstrating continued market share growth in a competitive broadband arena. </span></li><li><span data-sheets-value='{"1":2,"2":"Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below."}' data-sheets-userformat='{"2":33281,"3":{"1":0},"12":0,"18":1}'>With the OTW acquisition integrating and contributing to plan; we forecast business and enterprise to contribute 53% of FY23e group EBITDA. </span></li><li><span data-sheets-value='{"1":2,"2":"Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below."}' data-sheets-userformat='{"2":33281,"3":{"1":0},"12":0,"18":1}'>We see this as providing a much better balance of earnings for the group and creating a better path to scale over the medium term.</span></li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Aussie Broadband has delivered a positive AGM update re-affirming revenue and EBITDA guidance for FY23e and demonstrating continued market share growth in a competitive broadband arena. With the OTW acquisition integrating and contributing to plan; we forecast business and enterprise to contribute 53% of FY23e group EBITDA. We see this as providing a much better balance of earnings for the group and creating a better path to scale over the medium term.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aussie Broadband Ltd - Over the First Hurdle

<ul><li>FY22 EBITDA came in 2% ahead of expectations, assisted by earnings growth across all three segments.</li><li>The contribution of the OTW acquisition was in line with forecasts outlined at the time of the acquisition and the investment case if anything has strengthened since then given the rising value of incumbency as a telco/technology supplier to business and enterprise customers.</li><li>The major surprise in the result relates to FY23e guidance of $800m-$840m revenue and implied EBITDA of $80m-$88m, (Ords $84.1m), -7% below our prior forecast.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

FY22 EBITDA came in 2% ahead of expectations, assisted by earnings growth across all three segments.The contribution of the OTW acquisition was in line with forecasts outlined at the time of the acquisition and the investment case if anything has strengthened since then given the rising value of incumbency as a telco/technology supplier to business and enterprise customers.The major surprise in the result relates to FY23e guidance of $800m-$840m revenue and implied EBITDA of $80m-$88m, (Ords $84.1m), -7% below our prior forecast.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Director, RaaS Research Group, Research as a Service (RaaS)

Research as a Service (RaaS)

Director, RaaS Research Group

Insightful Financial Models and Research Analysis

Connect to the right investors through smart and insightful financial models and research analysis.

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<p><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank">Aussie Broadband Ltd (ASX: ABB) has grown to become the fifth largest provider of nbn (NBN) services in the internet service provider (ISP) sector. The company is now implementing a strategy to improve margins and expand the addressable market to include business and services providers and upgrade capacity to manage strong growth. By 31<sup>st</sup> December 2020, the company had reached 342,634 customers with 31% customer growth in the six months. ABB was established in 2008 following the merger of two regional Victorian telecommunications providers and listed on the ASX in October 2020. There has been strong growth in customers over the three years to 2020, assisted more recently by pressure from COVID-induced demand. &nbsp;Funds raised in the IPO will be used to maintain the strong revenue growth rate through: higher marketing spend to take advantage of current heightened opportunities, reducing long term costs by replacing leased fibre with ABB’s own backhaul network, expanding network capacity past 500,000 customers, and expanding customer service capacity to maintain high service levels. With ~12% of revenues from business customers in H1 FY21, ABB is working on expanding this segment further.</a></p>
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Aussie Broadband Ltd (ASX: ABB) has grown to become the fifth largest provider of nbn (NBN) services in the internet service provider (ISP) sector. The company is now implementing a strategy to improve margins and expand the addressable market to include business and services providers and upgrade capacity to manage strong growth. By 31st December 2020, the company had reached 342,634 customers with 31% customer growth in the six months. ABB was established in 2008 following the merger of two regional Victorian telecommunications providers and listed on the ASX in October 2020. There has been strong growth in customers over the three years to 2020, assisted more recently by pressure from COVID-induced demand. &nbsp;Funds raised in the IPO will be used to maintain the strong revenue growth rate through: higher marketing spend to take advantage of current heightened opportunities, reducing long term costs by replacing leased fibre with ABB’s own backhaul network, expanding network capacity past 500,000 customers, and expanding customer service capacity to maintain high service levels. With ~12% of revenues from business customers in H1 FY21, ABB is working on expanding this segment further.







Aussie Broadband (ABB) Surfing on the NBN

Australia

Aussie Broadband Pty. Ltd. provides communication services. The Company offers internet, mobile data, and other telephony services. Aussie Broadband serves customers in Australia.

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Aussie Broadband (ABB AU)

Aussie Broadband Ltd - Cracking the Whip

Customer numbers rose by a net c25,000 during the March quarter, out of the c27,200 net growth in the broadband market. Including customers on 3rd...

Ord Minnett

Aussie Broadband Ltd - In Business

Aussie Broadband has reported a solid first half result, with underlying revenues of $379m (+65%) and EBITDA of $41.1m beating our expectations by 5%.

Ord Minnett

Aussie Broadband Ltd - Over the First Hurdle

With the OTW acquisition integrating and contributing to plan; we forecast business and enterprise to contribute 53% of FY23e group EBITDA.

Ord Minnett

Aussie Broadband Ltd - Fair Dinkum

The major surprise in the result relates to FY23e guidance of $800m-$840m revenue and implied EBITDA of $80m-$88m, (Ords $84.1m), -7% below our...

Ord Minnett

Aussie Broadband (ABB) Surfing on the NBN

Aussie Broadband Ltd (ASX: ABB) has grown to become the fifth largest provider of nbn (NBN) services in the internet service provider (ISP)...

Research as a Service (RaaS)

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