Ann: Telstra achieves turning point in financial performance, page-5

Just more word games;

“It represents a turning point in our financial trajectory. Our second half underlying EBITDA was up on the first half, and our guidance for FY22 underlying EBITDA is $7.0-7.3 billion, which represents mid to highsingle digit growth. FY21 NPAT and EPS were up 3.4 per cent and 2 per cent respectively.

“We are clearly building financial momentum and I am very pleased to be able to say that our underlying business will return to full-year growth in FY22.

"Reported EBITDA decreased 14.2 per cent to $7.6 billion. After adjusting for lease accounting on a like-for-like basis, EBITDA decreased 11.5 per cent to $7.4 billion....
On a guidance basis Underlying EBITDA decreased 9.7 per cent to $6.7 billion"

It is clear EBITDA is still shrinking, somehow NPAT managed to increase a few percent to 1.9B (it was 3.5B in FY18), so im not sure what he is referring to when he says "clearly building financial momentum".

I think Penn is PREDICTING a turning point based on his own forecast for FY22

"Basic earnings per share were 15.6 cents, up 2 per cent year on year. Shareholders will receive a fully-franked final dividend of 8 cents per share, including an ordinary dividend of 5 cents, and a special dividend of 3 cents. This brings the total dividend for the year to 16 cents per share, returningapproximately $1.9 billion to shareholders."

Dividend still unsustainable;