News: ORG Superloop Announces Landmark Origin Energy Broadband Contract

March 14 (Reuters) - Superloop Ltd (SLC) :

• SUPERLOOP ANNOUNCES LANDMARK ORIGIN ENERGY BROADBAND CONTRACT AND UPDATES FY24 GUIDANCE AND FY25 OUTLOOK
• SIGNED AN EXCLUSIVE SIX-YEAR CONTRACT TO PROVIDE WHOLESALE INTERNET SERVICES TO ORIGIN ENERGY LIMITED AND ITS SUBSIDIARIES
• CONTRACT EXPECTED TO ADD IN EXCESS OF A$19 MILLION OF ANNUALISED EBITDA ONCE CURRENT SUBSCRIBER BASE IS FULLY TRANSITIONED
• SEES FY24 UNDERLYING EBITDA A$51-53 MILLION RANGE
• CURRENTLY EXPECTS UNDERLYING EBITDA YEAR ON YEAR GROWTH OF 60% - 70% IN FY25
• SEES TO SPEND A ONE OFF INCREMENTAL A$5M OF GROWTH CAPEX, SPREAD ACROSS FY24 AND FY25 ON TOP OF ITS A$20-22M CAPEX GUIDANCE RANGE
• IN CONSIDERATION FOR CONTRACT AWARD, ORIGIN ISSUED 9.8 MILLION SUPERLOOP SHARES UPFRONT ON SIGNING

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