ANNUAL REPORT HIGHLIGHTS 2018

The Optus financial year ends on 31 December 2017 and results are announced in 2018.

                  2018
Optus
Revenue           A$ 8,710k   Increase 3.4%
EBITDA            A$ 2,774k   Increase 3.9%
Net Profit        A$   817k   Increase 2.8%

NBN Customers     384,000 new customers
Mobile Customers  225,000 new customers

Singtel
Revenue	          S$17,530k   Increase 5.0%  
Net Profit        S$ 5,450k   
Dividend          S   17.5c   cents/share

STAFF CUTS

Job cuts in past years, approximately.

  2018      840 and counting
  2017      390
  2016      480
  2015
  2014      350
  2013
  2012      750
  2011      180

STAFF CUTS - APR 2017

Another 320 staff to go to "remove duplication" in

"A number of employees were informed of changes to their individual reporting lines, and around 320 employees were advised that their role has been made redundant"

"We are working with employees who are affected by these changes, including looking at redeployment opportunities where possible"

"Optus will also be creating approximately 140 new positions as a result of these changes to support Optus' strategic direction and business objectives."

STAFF CUTS - OCT 2017

Another 70 staff to go to "remove duplication" in Business.

At Optus we continually review our business structure to ensure we're working in the best way possible to achieve our goals and reduce duplication"

STAFF CUTS - MAY 2018

Another 400 staff to go to "remove duplication".

As we make these important strategic decisions, we will ensure we have the right skills and capabilities in place to build our digital organisation, remove duplication and establish a more sustainable cost base.

"Our policy is always to speak with employees who may be impacted by these changes first, including discussing redeployment opportunities."

STAFF CUTS - AUG 2018

Another 440 staff to go to "remove duplication".

"As we continue to evolve the way we work, do business and fund future investments we are removing duplication, improving our operating efficiency and embracing next-generation technologies, like digitisation and automation to achieve this goal."

"We are speaking with affected employees first, and discussing redeployment opportunities where available."

"We are structuring our organisation to become the next-generation Optus and continue to meet the needs of our customers,"

The breakdown was:

  NSW      258
  VIC       52
  QLD       22
  SA        10
  WA         3
  TAS        1