U.S. Markets closed

Edited Transcript of TLS.AX earnings conference call or presentation 14-Feb-19 10:59am GMT

Half Year 2019 Telstra Corporation Ltd Interview With CEO (Pre-Recorded)

Melbourne Jun 27, 2019 (Thomson StreetEvents) -- Edited Transcript of Telstra Corporation Ltd earnings conference call or presentation Thursday, February 14, 2019 at 10:59:00am GMT

TEXT version of Transcript

================================================================================

Corporate Participants

================================================================================

* Andrew Richard Penn

Telstra Corporation Limited - CEO, MD & Director

================================================================================

Presentation

--------------------------------------------------------------------------------

Andrew Richard Penn, Telstra Corporation Limited - CEO, MD & Director [1]

--------------------------------------------------------------------------------

Well, thank you for watching this video. Today, we're announcing our results for the 6 months ended 31st of December 2018. And the results show some really good positive momentum in relation to customers and how we're continuing to grow our mobile customer base and our fixed customer base and how we're performing well in terms of customer experience and customer service, albeit I know we have more to do there.

The results also, though, do reflect the reality of the impact of the nbn, and that obviously has an impact on EBITDA and net profit after tax. And so that's one of the features of the results today. But that's why our T22 strategy, which we announced last year, is so important, building on the investments that we also announced in 2016, and we're making good progress on those, too. And you'll be able to see some more information in the results announcement today on both of those programs, but good progress.

The Board has also declared an interim dividend of $0.08 per share fully franked. That's $0.05 underlying and $0.03 special dividend. And I know that, that is less than the dividend for the same period last year, and I understand the impact that, that has on shareholders. But it also does reflect the reality of the impact of the nbn on Telstra and reinforces the importance of our T22 strategy. It also reflects the decision the Board made sometime ago that we need to move away from a policy of paying out 100% or at times more than 100% of our earnings and set the policy between 70% to 90% of earnings.

So thank you very much for listening in. And obviously, there'll be lots of information available online. Thank you.