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acquiring SYB and raising capital.. Key Business Highlights• Continuing to execute on strategy and build scale across our segments• Strong FY23 results with growth across all key metrics including revenue of $788m (up 23.1%), EBITDA of $89.6m (up 52.1%) and broadband connections of 691k (up 18.2%)• Successful OTW acquisition integration, transforming Aussie Broadband into a multi-segment technology and communications provider. Network integration due to be completed in FY24• Continued investment in our infrastructure assets in order to expand reach • Reaffirmed FY24 guidance at AGM including FY24 EBITDA of $100–$110m (excluding acquisitions)Update on Symbio transaction• Entered into Scheme Implementation Agreement for the acquisition of 100% of Symbio by Aussie Broadband• Symbio’s shareholders to receive $2.26 in cash and 0.192 Aussie Broadband shares for each Symbio share which represents an equity value of $262m, implying a valuation of Symbio of $241m on an enterprise value basis• Scheme subject to customary conditions, including shareholder approval, with completion expected to occur in February 2024Equity raising• $120m fully underwritten institutional placement and $15-20m share purchase plan • Proceeds will be used to strengthen Aussie Broadband’s balance sheet in light of its capital investment pipeline, potential M&A opportunities and the proposed Symbio transaction[ATTACH=full]165115[/ATTACH]
acquiring SYB and raising capital.
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Key Business Highlights
• Continuing to execute on strategy and build scale across our segments
• Strong FY23 results with growth across all key metrics including revenue of $788m (up 23.1%), EBITDA of $89.6m (up 52.1%) and broadband connections of 691k (up 18.2%)
• Successful OTW acquisition integration, transforming Aussie Broadband into a multi-segment technology and communications provider. Network integration due to be completed in FY24
• Continued investment in our infrastructure assets in order to expand reach
• Reaffirmed FY24 guidance at AGM including FY24 EBITDA of $100–$110m (excluding acquisitions)
Update on Symbio transaction
• Entered into Scheme Implementation Agreement for the acquisition of 100% of Symbio by Aussie Broadband
• Symbio’s shareholders to receive $2.26 in cash and 0.192 Aussie Broadband shares for each Symbio share which represents an equity value of $262m, implying a valuation of Symbio of $241m on an enterprise value basis
• Scheme subject to customary conditions, including shareholder approval, with completion expected to occur in February 2024
Equity raising
• $120m fully underwritten institutional placement and $15-20m share purchase plan
• Proceeds will be used to strengthen Aussie Broadband’s balance sheet in light of its capital investment pipeline, potential M&A opportunities and the proposed Symbio transaction
[ATTACH=full]165115[/ATTACH]
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