External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

External broker reports(aggregated public sources)

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Field Solutions Holdings  / Equity Bottom-Up

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<li>FSG has secured a new $13m debt funding agreement for an 18-month term<br>which will fund the expansion of its Regional Australia Network (RAN), which when completed will encompass a total of 127 new towers (21 completed) and 19 networks (three completed).</li>
<li>The new funding will help expedite the build-out of the new networks which are earmarked for completion over the next 12-15 months and FSG anticipates any debt funding utilised for the network build will be repaid within the 18- month period.</li>
<li>We note ultimately the current expansion of FSG's RAN is expected to be funded by government grants awarded across 2021/22 and predominantly from the Regional Connectivity Program (RCP).</li>
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<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>






FSG has secured a new $13m debt funding agreement for an 18-month term which will fund the expansion of its Regional Australia Network (RAN), which when completed will encompass a total of 127 new towers (21 completed) and 19 networks (three completed).
The new funding will help expedite the build-out of the new networks which are earmarked for completion over the next 12-15 months and FSG anticipates any debt funding utilised for the network build will be repaid within the 18- month period.
We note ultimately the current expansion of FSG's RAN is expected to be funded by government grants awarded across 2021/22 and predominantly from the Regional Connectivity Program (RCP).





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.

Field Solutions Holdings Limited - Funded for the Build

<div><div><div><div><ul><li>We see the recent decision by the Australian Competition Tribunal to not support a deal that would have let TPG Telecom (ASX: TPG) use Telstra’s (ASX: TLS) towers<br>in regional Australia, upholding a previous decision from the Australian Competition and Consumer Commission (ACCC) in December 2022, is a positive outcome for FSG given its current working relationship with Optus.</li><li>Optus being a key partner with FSG in a number of shared network infrastructure trials currently being undertaken by the two telecommunications providers.</li><li>Additionally, FSG has progressed on a number of smaller network expansion programs, while concurrently looking to complete the build of an additional 127 telecommunication towers in rural, regional and remote Australia.</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>

We see the recent decision by the Australian Competition Tribunal to not support a deal that would have let TPG Telecom (ASX: TPG) use Telstra’s (ASX: TLS) towers in regional Australia, upholding a previous decision from the Australian Competition and Consumer Commission (ACCC) in December 2022, is a positive outcome for FSG given its current working relationship with Optus.Optus being a key partner with FSG in a number of shared network infrastructure trials currently being undertaken by the two telecommunications providers.Additionally, FSG has progressed on a number of smaller network expansion programs, while concurrently looking to complete the build of an additional 127 telecommunication towers in rural, regional and remote Australia.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.

Field Solutions Holdings Limited - Positive Recent News, and Looking for More

<ul><li>FSG reported 1H23 revenues of $25.3m (CG3: $25.7m) and EBITDA (U) of $1.8m (CGe: $1.5m), which was largely in line with expectations.</li><li>However, divisional results highlighted significantly divergent performances given a positive result for the core ISP/MSP operation, while limited progress on anticipated network expansion for FY23 resulted in the Infrastructure operations recording a material loss, with projects being impacted by weather events, supply chain and labour challenges.</li><li>Importantly, existing funding for network expansion remains in place, albeit delays will require FSG to carefully navigate the roll-out and immediate working capital requirements.</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>

FSG reported 1H23 revenues of $25.3m (CG3: $25.7m) and EBITDA (U) of $1.8m (CGe: $1.5m), which was largely in line with expectations.However, divisional results highlighted significantly divergent performances given a positive result for the core ISP/MSP operation, while limited progress on anticipated network expansion for FY23 resulted in the Infrastructure operations recording a material loss, with projects being impacted by weather events, supply chain and labour challenges.Importantly, existing funding for network expansion remains in place, albeit delays will require FSG to carefully navigate the roll-out and immediate working capital requirements.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.

Field Solutions Holdings Limited - 1H23 in Line, Funding in Focus

Australia

Field Solutions Holdings Limited operates as a holding company. The Company, through its subsidiaries, offers cloud computing, software and application development, data analysis, hosting, remote communications, and other related services. Field Solutions Holdings serves customers in Australia.

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Field Solutions Holdings (FSG AU)

Field Solutions Holdings Limited - Funded for the Build

FSG has secured a new $13m debt funding agreement for an 18-month termwhich will fund the expansion of its Regional Australia Network (RAN)

Canaccord Genuity

Field Solutions Holdings Limited - Positive Recent News, and Looking for More

Optus being a key partner with FSG in a number of shared network infrastructure trials currently being undertaken by the two telecommunications...

Canaccord Genuity

Field Solutions Holdings Limited - 1H23 in Line, Funding in Focus

FSG reported 1H23 revenues of $25.3m (CG3: $25.7m) and EBITDA (U) of $1.8m (CGe: $1.5m), which was largely in line with expectations.

Canaccord Genuity

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