NEWSAT LIMITED (NWT)



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General Information
Company Name: Newsat Limited
Stock Code: NWT
Website: www.newsat.com
GICS Sub-Industry: Integrated Telecommunication Services
Market Cap ($M): 200
Equiv. Shares (M): 519

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.375 $ 0.385 $ 0.385 $ 0.375 $ 0.385 430,192 $ -0.010  -2.597 %

Company Overview

Business Description:
Newsat Limited (NWT) is a satellite communications company, delivering internet, voice, data and video communications via satellite. NWT’s customer base is within industries, such as mining, oil and gas, defence, government, construction, telecommunications and media and broadcasting located across across the Middle East, Asia, Australia and the USA.

Strategy Analysis:
NewSat plan to expand its satellite capabilities with the Jabiru Satellite Program, beginning with the launch and operation of Jabiru-1, Australia’s first independently owned commercial satellite. Jabiru-1, a large hybrid Ku- and Ka-band next generation satellite, will provide coverage over South East Asia, the Middle East and North Africa. Jabiru-2, also scheduled, will deliver coverage in and around Australia. NewSat has the rights to seven orbital slots and its fleet of next generation geostationary satellites could lead Australia’s space quest.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 2.3 1.0 400.0 56.9 0.0 0.0 --
2011  A 0.3 0.2 -- 178.4 0.0 0.0 --
2010  A 0.0 0.0 -- 1,285.5 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
M2 Telecommunications Group (MTU) $1,104 M 0.1816 0.4516 0.3647 24.4567 16.8481 12.3454 0.0291 0.0307 0.0420
Newsat (NWT) $200 M 4.7058 -- -- 39.6907 -- -- 0.0000 -- --
Telecom NZ (TEL) $3,616 M -- -0.0029 0.0257 11.6035 11.6374 11.3455 0.0787 0.0804 0.0804
Telstra (TLS) $63,957 M 0.2077 -0.0447 0.0668 16.3123 17.0764 16.0075 0.0545 0.0545 0.0564
TPG Telecom (TPM) $3,056 M 0.1397 0.6783 0.1109 33.4783 19.9482 17.9571 0.0143 0.0182 0.0220

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NWT 0.26 39.7 1.45 -- 2.41
Market 1.07 12.6 0.89 2.31 2.58
Sector 0.25 16.6 2.81 0.76 1.72

Directors
Name Position Start Date
Mr Adrian Maxwell Ballintine Chief Executive Officer,Managing Director 25 May 2005
Mr Richard Randall Green Non-Executive Chairman 27 August 2009
Mr Elwood (Chuck) Charles Ellison III Non-Executive Deputy Chairman,Non-Executive Director 14 June 2002
Mr William Abbott Non-Executive Director 24 October 2012
Mr Andrew Plympton Non-Executive Director 18 February 2010
Mr Mark Robert Fishwick Non-Executive Director 18 February 2010

Management
Name Position
Adam Shapiro Chief Financial Officer,Company Secretary
Michael Hewins Chief Operating Officer
David Ball Chief Technology Officer
William Abbott Corporate Counsel
Len McGoldrick Vice President Engineering and Operations
Merv Kuek Vice President Marketing and Communications
Andrew Matlock Vice President Sales
Mike Kenneally Vice President Satellite Strategy

Substantial Shareholders
Holding Name
5,652,273 (2.43%) National Nominees Limited
8,400,279 (3.60%) Citicorp Nominees Pty Limited
7,987,721 (3.43%) AP Kypros Satellites Limited
13,499,996 (5.79%) Daun Holdings Pty Ltd

Calendar of Events
Date Event
03 March 2014 Report (Interim)
27 February 2014 Report (Interim)
28 October 2013 Report (Annual)
26 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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