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CNU - Chorus profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Chorus

Directory

NZX code: CNU
Short name: Chorus 
Legal name: Chorus Limited
Industry sector: Telecommunications 
NZX50 rank: 13 of 50
Head office address: Level 10, 1 Willis Street, Wellington, 6011
Chairman: Patrick Strange
Chief executive: JB Rousselot
Financial year ended: June
Locations: New Zealand
Auditor: KPMG
Bankers: [not revealed]

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Chorus

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye June mln mln cents
2018 $990 $85 20
2019 $970 $53 12
2020 $959 $52 12
2021 $955 $51 11
2022 $965 $64 14
2023 $980 $25 0.06

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye June bln bln %
2018 $5.01 $3.99 20.4
2019 $5.62 $4.64 17.4
2020 $5.64 $4.72 16.3
2021 $5.86 $4.91 16.2
2022 $5.85 $4.82 17.6
2023 $6.17 $5.10 17.3

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye June mln mln mln
2018 $650 $770 $50
2019 $1033 $810 $273
2020 $474 $752 ($5)
2021 $707 $649 $53
2022 $570 $535 $88
2023 $524 $536 $76

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D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye June cents annual avg dollars annual avg %
2018 20 20.9 2.09 5.26
2019 12 47.5 1.94 4.04
2020 12 62.3 1.73 3.21
2021 11 58.2 1.55 3.91
2022 14 51.6 1.54 4.85
2023 0.57 141.1 1.60 4.72

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Description of trading activities 

Chorus NZ builds and manages an open access internet network, providing ultra-fast broadband to New Zealand phone and internet providers.

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CEO profile

JB Rousselot is the current Chief Executive Officer of Chorus NZ. JB has had an extensive career holding senior positions at Telstra and NBN Co. Before joining Chorus NZ, Rousselot was the Chief Strategy Officer at NBN, and prior to that role oversaw NBN's network and service operations. Rousselot holds an MBA from MIT Sloan School of Management (USA) and a Masters Degree in Engineering from Ecole Nationale des Ponts et Chaussees (France).


Chairman profile

Mark Cross has extensive corporate finance experience, as a professional director and consultant. Cross held senior positions with Deutchsche Bank in London and Australia. Cross has also got experience at Lloyds Corporate Finance/Southpac Corporation in Australia and New Zealand. Cross is currently a board member, and investment committee chair of Accident Compensation Corporation (ACC) and director of Xero.

Cross is also the former chair of Milford Asset Management, and former director of Z Energy, Genesis Energy, and Argosy Property. Cross is a member of Chartered Accountants Australia and a chartered member of the New Zealand Institute of Directors.


Links:

Company website: https://company.chorus.co.nz/
Investor information: https://company.chorus.co.nz/investors
NZX listing: https://www.nzx.com/companies/CNU
Annual reports: https://company.chorus.co.nz/reports

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