Telecom Corporation New Zealand - Financial Statistics - 2011

Synopsis

Telecom is New Zealand’s second-biggest listed company and their financial results and performance are dependent on several factors that include:

• governmental regulatory changes;
• the market listing of Chorus Ltd its infrastructure unit in late 2011;
• the rollout of the UFB/RBI in the coming years; and
• competition from other retail service providers in the UFB/RBI marketplace.

Telecom’s overall revenue growth has been negative since 2008/09 and this is likely to continue into 2011/12 even after undergoing operational separation. The split will allow the company to focus on gaining additional revenue and higher value returns over the coming years.

In late October 2011 the annual shareholder meeting resoundingly approved the vote to demerger the company into two – Telecom New Zealand and Chorus Ltd, with Chorus Ltd listing on the Australian and New Zealand stock markets in late November 2011.

In this report we provide coverage of the financial results of Telecom Corporation of New Zealand for 2011 and into 2012 in text, tabular and easy-to-read chart formats. Previous years financial reports on the company are also available from the BuddeComm website: www.budde.com.au

Companies mentioned

Companies mentioned in this report include – Chorus and Gen-I, AAPT, Telecom New Zealand, 2degrees.

Hot topics and technologies mentioned

Hot topics and technologies mentioned in this report include – CDMA, HSPA, EDITDA, earnings, VoIP, EBIT, revenue.

Table of Contents

• 1. Synopsis
• 2. Financial results
  • 2.1 FY2011
    • 2.1.1 Group financial statistical results full year
    • 2.1.2 Group financial statistical results H1 2010/11
    • 2.1.3 Group financial statistical results Q1 2010/11
  • 2.2 Australian operations
• 3. Related reports

• Table 1 - Telecom Group key financial operating highlights – 2008 - 2011
• Table 2 - Telecom Group key financial operating highlights by annual change – 2008 - 2011
• Table 3 - Telecom Group revenue by service division – 2009 - 2011
• Table 4 - Telecom Group revenue annual change by service division – 2008 - 2011
• Table 5 - Telecom Group expenses – 2008 - 2011
• Table 6 - Telecom Group capital expenditure – 1999 - 2012
• Table 7 – AAPT operations operating revenue by service – 2008 - 2011
• Table 8 – AAPT operations operating revenue by annual change – 2008 - 2011
• Table 9 – AAPT operations expenses – 2008 - 2011

• Chart 1 – Telecom Group key financial operating highlights – 2007 - 2011
• Chart 2 – Telecom Group key financial operating highlights by annual change – 2008 - 2011
• Chart 3 – Telecom Group revenue by top six service divisions – 2008 - 2011
• Chart 4 – Capital expenditure – 1999 - 2012
• Chart 5 – Telecom New Zealand share price trending – 2011
• Chart 6 – Telecom New Zealand long term share price trending – 2003 - 2011
• Chart 7 – Telecom Group operating highlights – H1 2009/10 - H1 2010/11
• Chart 8 – Telecom New Zealand financial overview – H1 2009/10 - H1 2010/11
• Chart 9 – Overview of AAPT operations operating revenue by service – 2008 - 2011
• Chart 10 – Overview of AAPT operations operating percentage of revenue by service – 2011
• Chart 11 – Overview of AAPT operations expenses – 2007 - 2011