Telstra Corporation

Monday 11th March 2013

Telstra is a telecommunications and information services company providing telecommunications and information services for domestic and international customers.

The Company operates in nine segments: Telstra Consumer and Country Wide (TC&CW); Telstra Business (TB); Telstra Enterprise and Government (TE&G); Telstra Wholesale (TW); Telstra Media Group; Telstra International Group; TelstraClear; Telstra Operations and Other. On July 6, 2011, Telstra announced changes to its organizational structure.

On March 27, 2012, the Company sold its 67% shareholding in Dotad Media Holdings Limited, and on July 21, 2011, it sold its 64.4% shareholding in Adstream (Aust) Pty Ltd. On 17 May 2012, the Company acquired an additional 11% interest in Autohome Inc.

Telstra Corporation reported NPAT up 8.8% to $1.6bn for the half-year ended 31 December 2012.

Revenues from ordinary activities were $12.6bn, up 1.5% from the same period last year. Diluted EPS was 12.8 cents compared to 11.8 cents last year.

Net operating cash flow was $3.28bn compared to $3.82bn last year. The interim dividend declared was 14.0 cents, in line with 14.0 cents last year.

Looking ahead, the group confirmed fiscal 2013 guidance of low single digit total income and EBITDA growth, with free cash flow of between $4.75bn and $5.25bn. The group expects capital expenditure to be around 15% of sales. (*All values in AUD)

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