Matt Hancock @MattHanock Mar 13 Were investing in Britains full - - PowerPoint PPT Presentation

Matt Hancock

@MattHanock • Mar 13

We’re investing in Britain’s full fibre future. Great to see the Chancellor announcing £95m for the first wave of our Full Fibre Challenge Fund today #SpringStatement gov.uk/government/new...

Philip Hammond

@PhilipHammondUK • Feb 21

Great to see @CityFibre and @VodafoneUK partnership pressing ahead with gold standard full fibre #broadband networks in Aberdeen — following strong government backing for #digital infrastructure.

Amsterdam Frankfurt London Kingston Cardiff Coventry Wolverhampton Birmingham Halifax Huddersfield Manchester Preston Harrogate Bradford Reading Portsmouth Southampton Bournemouth Bath Wakefield Doncaster Rotherham Sheffield Dundee Glasgow Ayr Nottingham Peterborough Leicester Northampton Cambridge Southend Slough Maidenhead Bracknell Derby Swindon Newport Bristol Weston-S’-Mare Exeter Plymouth Newcastle York Leeds Hull Edinburgh Aberdeen Stirling Milton Keynes Telford

Coventry

Reading Portsmouth Southampton Bournemouth Bath Wakefield Doncaster Rotherham Sheffield Dundee Glasgow Ayr Nottingham

Peterborough

Leicester Northampton Cambridge Southend Slough Maidenhead Bracknell Derby Harrogate Bradford Halifax

Huddersfield

Swindon Newport Bristol Weston-S’-Mare Exeter Plymouth Newcastle

York

Leeds Hull

Edinburgh Aberdeen Stirling Milton Keynes

Manchester

CONSUMER: OPEN ACCESS TO ALL ISPs BUSINESS: ENTANET & 1500 CPs PUBLIC SECTOR: INFILL & SMART CITY ESTATE MOBILE: MACRO & SMALL CELLS INTERNET OF THINGS

REVENUE STREAMS

DENSE FTTP NETWORKS METRO SPINE NETWORKS

FTTP MACHINE

METRO NETWORK PIPELINE

42 METRO DUCTED NETWORKS DESIGNED FOR EXTENSION TO FTTP ALREADY COMMERCIALISED

CITY ENGAGEMENT & MARKETING PLANNING AUTOMATION CONSTRUCTION MANAGEMENT

FTTP EXPANSION

Year to 31 December 2017 2017 2016 YoY

Turnover 34.8 15.4 126% Cost of Sales (14.7) (1.8) nm Gross Profjt 20.1 13.5 49% Gross Margin 58% 88%

• 34%
• Adj. Admin Expenses

(15.6) (11.0) 42% EBITDA 4.5 2.5 80% D & A (5.9) (3.9) 50% Exceptionals & share based payments (6.3) (3.7) 44% Net Finance cost (8.7) (7.3) 19% Share of JV post tax losses (0.2) (0.1) 56% Loss before tax (16.6) (12.6) 24% Loss per share (£) (0.04) (0.05) 20%

Balance sheet extract at 31 December 2017 2016

Fixed Assets 178.1 155.1 Goodwill 17.7 0.0 Trade and other receivables 20.1 8.1 Cash and short-term deposits 157.0 16.7 Total assets 384.4 185.6 Loans and borrowings 61.5 55.3 Total equity 287.7 108.5 Network capex (excl. acquisitions) 25.1 23.0 Operating cash outfmow (0.3) (2.4)