| Financial Year ended 31 March | |||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | |||||
| Income Statement (S$ million) | |||||||||
| Group operating revenue | 16,711 | 16,961 | 17,223 | 16,848 | 18,183 | ||||
| Singtel | 7,928 | 7,663 | 7,348 | 6,912 | 6,732 | ||||
| Optus | 8,784 | 9,298 | 9,875 | 9,936 | 11,451 | ||||
| Optus (A$ million) | 8,425 | 9,115 | 8,790 | 8,466 | 8,934 | ||||
| Group EBITDA | 4,998 | 5,013 | 5,091 | 5,155 | 5,200 | ||||
| Singtel | 2,213 | 2,187 | 2,146 | 2,223 | 2,147 | ||||
| Optus | 2,784 | 2,825 | 2,945 | 2,932 | 3,053 | ||||
| Optus (A$ million) | 2,669 | 2,771 | 2,624 | 2,502 | 2,381 | ||||
| Share of associates' pre-tax profits | 2,942 | 2,791 | 2,579 | 2,201 | 2,106 | ||||
| Group EBITDA and share of associates' pre-tax profits | 7,939 | 7,804 | 7,670 | 7,357 | 7,306 | ||||
| Group EBIT | 5,701 | 5,655 | 5,508 | 5,224 | 5,178 | ||||
| Net profit after tax | 3,853 | 3,871 | 3,782 | 3,652 | 3,508 | ||||
| Underlying net profit (1) | 3,915 | 3,805 | 3,779 | 3,610 | 3,611 | ||||
| Exchange rate (A$ against S$) (2) | 1.043 | 1.020 | 1.123 | 1.174 | 1.282 | ||||
| Cash Flow (S$ million) | |||||||||
| Group free cash flow (3) | 3,054 | 2,718 | 3,549 | 3,249 | 3,759 | ||||
| Singtel | 1,040 | 869 | 1,379 | 1,181 | 1,491 | ||||
| Optus | 514 | 631 | 1,070 | 1,020 | 1,367 | ||||
| Optus (A$ million) | 500 | 617 | 976 | 903 | 1,068 | ||||
| Associates' dividends (net of withholding tax) | 1,500 | 1,218 | 1,100 | 1,048 | 900 | ||||
| Cash capital expenditure | 2,261 | 1,930 | 2,238 | 2,102 | 2,059 | ||||
| Balance Sheet (S$ million) | |||||||||
| Total assets | 48,294 | 43,566 | 42,067 | 39,320 | 39,984 | ||||
| Shareholders' funds | 28,214 | 24,989 | 24,733 | 23,868 | 23,965 | ||||
| Net debt | 10,384 | 9,142 | 7,963 | 7,534 | 7,477 | ||||
| Key Ratios | |||||||||
| Proportionate EBITDA from outside Singapore (%) | 75 | 74 | 74 | 73 | 75 | ||||
| Return on invested capital (%) (4) | 11.1 | 11.7 | 12.1 | 11.6 | 11.8 | ||||
| Return on equity (%) | 14.5 | 15.6 | 15.6 | 15.3 | 14.8 | ||||
| Return on total assets (%) | 8.3 | 9.0 | 9.3 | 9.2 | 8.7 | ||||
| Net debt to EBITDA and share of associates' pre-tax profits (number of times) | 1.3 | 1.2 | 1.0 | 1.0 | 1.0 | ||||
| EBITDA and share of associates' pre-tax profits to net interest expense (number of times) | 23.6 | 25.3 | 29.2 | 28.7 | 24.5 | ||||
| Per Share Information (S cents) | |||||||||
| Earnings per share - basic | 23.96 | 24.29 | 23.73 | 22.92 | 22.02 | ||||
| Earnings per share - underlying net profit (1) | 24.35 | 23.88 | 23.71 | 22.65 | 22.66 | ||||
| Net assets per share | 173 | 157 | 155 | 150 | 150 | ||||
| Dividend per share - ordinary | 17.5 | 17.5 | 17.5 | 16.8 | 16.8 | ||||
"Singtel" refers to the Singtel Group excluding Optus.
The Group delivered resilient earnings amid heightened competition across all the markets the Group operated in. Operating revenue was S$16.71 billion, 1.5% lower than FY 2016 but would have increased 2.0% excluding the impact of regulatory mobile termination rates change in Australia from 1 January 2016. EBITDA remained stable at S$5.0 billion. The Australian Dollar appreciated 2% against the Singapore Dollar from a year ago. In constant currency terms, operating revenue and EBITDA decreased by 2.6% and 1.5% respectively.
The associates’ pre-tax contributions rose 5.4% to S$2.94 billion despite weakness in Airtel which faced intense price competition in India. Strong growth at Telkomsel and NetLink Trust, as well as first time contribution from Intouch (acquired in November 2016) was partly offset by lower profits at Airtel, AIS and Globe.
Underlying net profit grew 2.9% and net profit was stable at S$3.85 billion with an exceptional loss compared to an exceptional gain in FY 2016.
The Group delivered a strong performance with resilient core business and robust contributions from associates. Operating revenue was S$16.96 billion, 1.5% lower than FY 2015 with the Australian Dollar declining a steep 9% against the Singapore Dollar and the impact of lower mobile termination rates in Australia from 1 January 2016. In constant currency terms, operating revenue would have grown 4.1% across all business units with first time contribution from Trustwave, Inc. (a newly acquired cyber security business). EBITDA was S$5.01 billion, 1.5% lower than FY 2015 and in constant currency terms, would have increased 4.1% with strong cost management.
The associates’ pre-tax contributions rose 8.2% to S$2.79 billion and would have increased 9.7% excluding the currency translation impact. The regional associates recorded strong customer growth and robust mobile data growth, with higher earnings from Telkomsel and Globe offsetting the decline in Airtel.
Underlying net profit was stable and net profit including exceptional items increased 2.4% to S$3.87 billion. In constant currency terms, underlying net profit and net profit would have increased 4.0% and 5.5% respectively from FY 2015.
The Group delivered a strong set of results. Operating revenue was S$17.22 billion, 2.2% higher than FY 2014 with growth across all the business units. EBITDA was S$5.09 billion, 1.3% lower than FY 2014 with the Australian Dollar weakening 4% against the Singapore Dollar. In constant currency terms, revenue grew 4.8% and EBITDA rose 1.3% despite operating losses from the digital businesses.
The associates’ pre-tax contributions rose strongly by 17% to S$2.58 billion and would have increased 21% excluding the currency translation impact. The regional associates registered strong customer growth and increased demand for mobile data services, with earnings growth led by Airtel India, Telkomsel and Globe.
Underlying net profit grew 4.7% and net profit including exceptional items increased 3.5% to S$3.78 billion. In constant currency terms, underlying net profit and net profit would have increased 7.5% and 6.2% respectively from FY 2014.
The Group delivered a resilient performance against industry challenges and currency headwinds. Operating revenue was S$16.85 billion, 7.3% lower than FY 2013 with the Australian Dollar weakening 8% against the Singapore Dollar. In constant currency terms, revenue would have declined 2.3% with lower mobile revenue in Australia and a cautious business climate. EBITDA was relatively stable at S$5.16 billion but in constant currency terms increased 4.5% on an improved cost structure.
The associates’ pre-tax contributions rose 4.5% to S$2.20 billion and would have increased strongly by 13% excluding the currency translation impact. The regional associates registered robust demand for mobile data services, with earnings growth led by Airtel India.
Underlying net profit was stable at S$3.61 billion and net profit including exceptional items grew 4.1% to S$3.65 billion. In constant currency terms, underlying net profit and net profit would have increased 5.9% and 10% respectively from FY 2013.
The Group delivered resilient earnings amid significant industry changes while it continued to invest in transformational initiatives to drive long-term growth. Operating revenue was S$18.18 billion, 3.4% lower than FY 2012 due to lower mobile revenue in Australia. EBITDA was stable at S$5.20 billion. In constant currency terms, revenue declined 2.1% but EBITDA grew 1.0% on strong cost management.
The associates’ pre-tax contributions grew 5.0% to S$2.11 billion. Excluding the currency translation impact, the associates’ pre-tax contributions would have increased strongly by 12%, underpinned by double-digit earnings growth from Telkomsel and AIS.
Underlying net profit was S$3.61 billion, a decrease of 1.8% from FY 2012. Excluding currency translation impact, underlying net profit rose 1.4%. Including net exceptional losses mainly from disposal of Warid Pakistan in FY 2013, net profit declined 12% to S$3.51 billion in FY 2013.
