TPG – 2020 Review

As the merger was effective for accounting purposes from 26 June 2020, TPG Telecom’s reported results for 2020 include a full twelve months of TPG Telecom Limited (formerly named VHA) and a contribution of six months and four days from TPG Corporation Limited (formerly named TPG Telecom).

Reported revenue for the year increased 24% from 2019 to $4.35 billion and reported EBITDA increased by 18% to $1.39 billion. We reported NPAT of $734 million, which includes a one-off, non-cash credit to income tax expense of $820 million.

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In the first six months post-merger, the Group has generated $342 million
of net cash flow. The TPG Telecom Board resolved to pay a final dividend for 2020 of 7.5 cents per share.

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
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