6horus Liited Clu

Mkt 6ap $MiI 8tyIe ox

TM
6Iose Frice $ 8hares Issued MiI Moroiogstar 8ector Moroiogstar Iodustry I68 Iodustry roup
S1Z - 1.55 ,Z3JulZ01+ 39.3/ Cuaauricotiur Se|.ices Telecua Se|.ices Telecuaauricotiur
Se|.ices
Teleu|ure. -+ + c9 +00+
weusite. www.c|u|us.cu.r/
/JJ|ess. |e.el 10, 1 willis St
wellirtur lew ZeolorJ 1+0 lew
ZeolorJ
usioess 8uary os ot Zc Mo| Z01+
C|u|us |iaiteJ ,Clu is o telecuaauricotiur uusiress
uue|otir o rotiurwiJe ireJ lire occess retwu||
ir|ost|uctu|e ir lew ZeolorJ. T|is ir|ost|uctu|e cuau|ises
lucol teleu|ure erc|ores, couirets orJ cuuue| orJ iu|e
coules. Clu |os sir u|uJucts 8 se|.ices ircluJir. Bosic
Cuuue|, Er|orceJ Cuuue|, |iu|e, Volue /JJeJ letwu||
Se|.ices, |ielJ Se|.ices orJ lr|ost|uctu|e Se|.ices.
Fibre. Clu wu||s wit| |etoil se|.ice u|u.iJe|s tu Je.eluu
iu|e occess u|uJucts. ||uJucts ircluJe lert Cere|otiur
/ccess, Jeli.e|ir os uo|t u t|e u|B iritioti.e tu u|u.iJe
u|ure orJ u|uoJuorJ se|.ices. Clu olsu ue|s |i| SueeJ
letwu|| Se|.ices ||eaiua u| .uice.
Eohaoced copper. Er|orceJ cuuue| to|ets se|.ices t|ot
reeJ au|e uorJwiJt| u| |i|e| se|.ice le.els t|or uosic
cuuue| u|uJucts. Se|.ices ircluJe. Er|orceJ uB/ w|ic|
ue|s t|e uutiur u o |eoltiae c|orrel JeJicoteJ u| .uice,
orJ w|ulesole V0S|Z Se|.ice w|ic| utilises t|i|J
ere|otiur 0S| tec|rulu] Jeli.e|ir siriicortl] oste|
u|uoJuorJ u| s|u|t cuuue| luuu lert|s.
asic 6opper. Clu Jeli.e|s u|ure orJ irte|ret se|.ices
u.e| t|e cuuue| retwu||. Se|.ices ircluJe. Bosic uruurJleJ
Bitst|eoa /ccess ,uB/, w|ic| olluws |etoil se|.ice
u|u.iJe|s tu ue| uwru|orJeJ irte|ret|oJe u|uoJuorJ
se|.ices u.e| 0S| occess lires, orJ uruurJleJ Cuuue| |ucol
|uuu ,uC||, Suu |uuu uC|| ,S|u orJ Suu|uuu Ertersiur
Se|.ice ,S|ES eroulir |etoil se|.ice u|u.iJe|s tu currect
C|u|us occess lires tu clierts' u|uoJuorJ orJ .uice
euiuaert.
aIue Added Network 8ervices. Clu suuuu|ts |etoil
se|.ice u|u.iJe|s w|u wort tu Jeli.e| sueciolist se|.ices.
Se|.ices ircluJe co||ie| retwu|| se|.ices w|ic| u|u.iJe
currecti.it] oc|uss uoc||oul lir|s.
IoIrastructure 8ervices. C|u|us |os u.e| Z,000 uutsuu|ceJ
ielJ se|.ice tec|riciors w|u urJe|to|e o |ore u retwu||
u|u.isiurir, aoirterorce orJ uuilJ octi.ities u| uusiress
orJ |esiJertiol custuae|s ur ue|ol u |etoil se|.ice
u|u.iJe|s.
FieId 8ervices. Clu u|u.iJes irstollotiur orJ siailo|
se|.ices tu erJ use|s. Clierts ircluJe lew ZeolorJe|s w|u
u|euo|e |uaes orJ uusiresses u| usir iu|e se|.ices.
- - - - - - Z.5c Z.95 Z.9 1./ /rruol ||ice |i|
- - - - - - Z.1c Z.15 1.15 1.Z3 |uw
3.Z
Z.1
1.1
0oil] Cluse
S8|l/SX /ll 0|Js
Sectu| /.e|oe
5Z w| |i|l|uw
Z.9l1.15
Z+.9
1Z.5
T|oJir Vuluae ,Mil
- - - - - - 011 01Z 013 0/1+ FerIoraoce
- - - - - - - 0.00 11.35 31.9/ Tutol Retu|r
- - - - - - - 0.00 3Z.0Z - -l Mo||et
- - - - - - 011 01Z 013 Cu||ert aIuatioo
- - - - - - - 13.Z+ 5.5 +.90 ||icelEo|rirs
- - - - - - 13.cZ 13.1 15.Z5 1.39 Mo||et |lE
- - - - - - - 1.9/ 0.9Z 0./1 ||icelSoles
- - - - - - 0.00 Z.Z9 1.+9 1.1+ ||icelBuu|
- - - - - - - 3./ 1. 1.3+ ||icelCos| |luw
- - - - - - 0 9+3 /cZ 1Z Mo||et Cou SMil
- - - - - - - +./ 10.++ 13.90 0i.iJerJ YielJ
- - - - - - 011 01Z 013 FioaociaIs
- - - - - - 0 +c0 c90 - 0ue|otir Re.erue SMil
- - - - - - - 3.30 Z.cZ - EBlT0/ Mo|ir
- - - - - - 0 15 Z91 - EBlT SMil
- - - - - - - 3Z.+ 3Z.+ - EBlT Mo|ir
- - - - - - 0 /1 1+5 - l|/T Beu|e /us SMil
- - - - - - 0 c0 1++ - Reuu|teJ let ||uit SMil
- - - - - - 0.00 1c.51 35.59 - Eo|rirs |e| S|o|e (
- - - - - - 0 3c5 3c - S|o|es Mil
- - - - - - 0.c5 1.0/ 1.35 - Buu| Volue |e| S|o|e S
- - - - - - 0 Z0 35 - 0ue| Cos| |luw SMil
- - - - - - 0 Z00 5/+ - Cou SuerJir SMil
- - - - - - 0 135 1/c - ||ee Cos| |luw SMil
- - - - - - 011 01Z 013 FroIitabiIity
- - - - - - 0.00 +.cZ /.5c - Retu|r ur /ssets
- - - - - - 0.00 1/.Z/ Z/.5 - Retu|r ur Euit]
- - - - - - - 1+.c5 1.Z/ - let Mo|ir
- - - - - - 0.00 Z0.c9 31./1 - /sset Tu|ru.e|
- - - - - - 5/9.c 55./+ 53+.13 - |irorciol |e.e|oe
- - - - - - 011 01Z 013 FioaociaI heaIth
- - - - - - 33 11Z 35 - wu||ir Couitol SMil
- - - - - - 0 1355 1533 - |urTe|a 0eut SMil
- - - - - - 3Z +13 5Z - Tutol Euit] SMil
- - - - - - +00.Z+ 301./1 Z/c.c5 - let 0eutlEuit]
key ates
|iscol Yeo| ErJ 30 Jur Z01+ |istir 0ote Z1 lu. Z011
/CM 30 0ct Z013 0Rl| lure
Major 8harehoIders lu. u s|o|es (Mil[
Josur |oailtur ,Zc,
Sc||uJe| lr.estaert Moroeaert /ust|olio |iait... ,ZZ
ivideod history
|irol lrte|ia
0i.iJerJ Er 0ote Z3 Seu Z013 ZZ Mo| Z013
0i.iJerJ |o] 0ote 11 0ct Z013 1Z /u| Z013
0|S ( 13./1 /.9Z
||or|ir 0 0
6ooseosus uut u Z orol]sts
Cu||ert Z01+E Z015E
||icelEo|rirs +.3+ +.9 9.15
0i.iJerJ YielJ 13.9 - 1.c
E|S,S 0.3 0.3Z 0.1/
0|S,S 0.Z1 0 0.03

Iovesteot etaiI ||irt 0ote. Z3JulZ01+ |oe 1 u Z

Reu|eserts irorciol ]eo| tu Jote t|e Jo] ote| lost irorciol ]eo| tu o Jo] ueu|e uuulicotiur Jote.
Z01+ Mu|rirsto|, lrc. /ll |i|ts |ese|.eJ. leit|e| Mu|rirsto|, its oiliotes, ru| t|e curtert u|u.iJe|s uo|ortee t|e Joto u| curtert curtoireJ |e|eir tu ue occu|ote, cuaulete u| tiael] ru| will t|e] |o.e or] liouilit] u| its use u| Jist|iuutiur.
/r] ere|ol oJ.ice u| 'closs se|.ice' |o.e ueer u|euo|eJ u] Mu|rirsto| /ust|olosio |t] |tJ ,/Bl. 95 090 5 5++, /|S|. Z+0c9Z orJlu| Mu|rirsto| Reseo|c| |tJ, suusiJio|ies u Mu|rirsto|, lrc, wit|uut |ee|erce tu ]uu| uujecti.es, irorciol
situotiur u| reeJs. Ree| tu uu| |irorciol Se|.ices CuiJe ,|SC u| au|e iru|aotiur ot www.au|rirsto|.cua.oulsls.uJ. Yuu s|uulJ cursiJe| t|e oJ.ice ir li|t u t|ese aotte|s orJ i ouulicoule, t|e |ele.ort ||uJuct 0isclusu|e Stoteaert
,/ust|olior u|uJucts u| lr.estaert Stoteaert ,lew ZeolorJ u|uJucts ueu|e ao|ir or] Jecisiur tu ir.est. 0u| uuulicotiurs, |otirs orJ u|uJucts s|uulJ ue .ieweJ os or oJJitiurol ir.estaert |esuu|ce, rut os ]uu| sule suu|ce u iru|aotiur. |ost
ue|u|aorce Jues rut recesso|il] irJicote o irorciol u|uJuct's utu|e ue|u|aorce. Tu uutoir oJ.ice toilu|eJ tu ]uu| situotiur, curtoct o u|uessiurol irorciol oJ.ise|. Suae aote|iol is cuu]|i|t orJ uuulis|eJ urJe| licerce |ua /SX 0ue|otiurs
|t] |tJ /Cl 00+ 5Z3 /cZ ,'/SX0'.

Iovesteot etaiI iscIosure

8esearch MethodoIogy
6urreocy
/ll iu|es u| stuc|s listeJ ur /ust|olior Stuc| Erc|ore
o|e ir /ust|olior Jullo|s orJ oll iu|es u| stuc|s listeJ ur
lew ZeolorJ Stuc| Erc|ore o|e ir lew ZeolorJ Jullo|s.
usioess escriptioo
/ u|ie Jesc|iutiur u t|e cuauor]'s uue|otiurs orJ
octi.ities. T|is iru|aotiur is uuJoteJ e.e|] sir aurt|s u|
ur t|e |eleose u iauu|tort iru|aotiur ouuut t|e
cuauor].
Market 6apitaIisatioo $ iI
T|e ao||et .olue u t|e cuauor]'s euit] couitol. T|is is
colculoteJ u] aultiul]ir t|e ruaue| u cuaaur s|o|es u]
t|e cu||ert u|ice. 0t|e| closses u euit] suc| os
u|ee|erce s|o|es o|e ru|aoll] rut ircluJeJ, erceut ir
ce|toir coses w|e|e t|e s|o|es o|e 'uosiu|Jiro|]'. T|e
aust u|uairert eroaule u t|is is lews Cu|uu|otiur
,lwS, w|e|e we Ju ircluJe t|ei| u|ee||eJ liaiteJ .utir
u|Jiro|] s|o|es ir uu| colculotiur u ao||et .olue.
8tyIe
T|e Mu|rirsto| St]le cursists u rire coteu|ies t|ot
u|u.iJe or u.e|.iew u t|e ir.estaert st|ote]. T|e st]le
is cuau|iseJ u o cuauirotiur u ao||et couitoli/otiur u
t|e secu|it] orJ t|e ir.estaert st]le ,.olue, ulerJ, u|
|uwt|.
Last Frice
Stuc| u|ice s|uwr |eu|eserts t|e ao||et u|ice u t|e stuc|
os u t|e aust |ecert cluse u t|oJir os ot t|e |eleose
Jote ruteJ ot t|e tuu u t|e ir.estaert Jetoil uoe.
8hares Issued
Cu||ert ruaue| u u|Jiro|] s|o|es listeJ ur t|e
/ust|oliorllew ZeolorJ Stuc| Erc|ore.
8ector
Morningstar Sector . uoseJ ur Mu|rirsto| luuol euit]
clossiicotiur, eoc| euit] is aouueJ irtu ure u 1+c
irJust|ies. T|is aouuir is uoseJ ur uuulicl] o.oiloule
iru|aotiur ouuut eoc| cuauor] orJ Mu|rirsto| Euit]
/rol]st iruut. lrJust|ies o|e |uuueJ irtu 9 irJust|]
|uuus orJ suuseuertl] aouueJ irtu ure u t|e 11
sectu|s. lrJust|] orJ sectu| iru|aotiur o|e o.oiloule u|
cuauories ur oll aoju| luuol erc|ores.
GICS Sector . BoseJ ur StorJo|J 8 |uu|'s Cluuol lrJust|]
Clossiicotiur. /ll cuauories listeJ ur t|e /ust|oliorllew
ZeolorJ Stuc| Erc|ore o|e |uuueJ irtu ure u Z+
irJust|] sectu|s. T|is clossiicotiur is useJ tu cuauute
sectu| o.e|oes orJ irJust|] uee|s.
FerIoraoce
Tutol Retu|r |eu|eserts s|o|e|ulJe|s' oirs |ua o stuc|
u.e| o i.er ue|iuJ u tiae ,YT0, ure aurt|, t||ee aurt|,
ure, t||ee, orJ i.e ]eo|. Tutol |etu|r ircluJes uut|
couitol oirs orJ lusses orJ Ji.iJerJ uo]aerts. lt is
colculoteJ u] to|ir t|e c|ore ir t|e stuc|'s u|ice os u
t|e cluse u t|oJir u t|e |esuecti.e ue|iuJ, ossuair t|e
|eir.estaert u oll Ji.iJerJs, t|er Ji.iJir u] t|e iritiol
stuc| u|ice, orJ eru|essir t|e |esult os o ue|certoe.
Retu|rs u| ue|iuJs lure| t|or ure ]eo| o|e orruoli/eJ.
Retu|rs Ju rut ircluJe u|u|e|oe cuaaissiur u| t|e
eects u torotiur.
FioaociaIs
Re.erue orJ Mo|ir lire iteas will JeuerJ ur t|e t]ue u
cuauor] selecteJ - i.e. lrJust|iol, Bor|, lrsu|orce,
||uue|t] u| |isteJ lr.estaert Cuauor]. let ||uit SMil
|eu|eserts ret uue|otir u|uit ote| tor, airu|ities,
u|ee|erce Ji.iJerJs, siriicort, orJ rur|ecu||ir iteas
,l|/T. Eo|rirs |e| S|o|e S is l|/T Ji.iJeJ u] t|e
wei|teJ o.e|oe ruaue| u u|Jiro|] s|o|es ur issue
Ju|ir t|e ]eo|. Buu| Volue |e| S|o|e S is o cuauor]'s
cuaaur stuc| euit] os it ouueo|s ur o uolorce s|eet
Ji.iJeJ u] t|e ruaue| u s|o|es uutstorJir. 0ue| Cos|
|luw SMil is ret cos| luw ote| uo]ir suuulie|s,
eaulu]ees, irte|est eruerse orJ tor uoiJ |ua |eceiuts
|ua custuae|s, Ji.iJerJs orJ irte|est |ecei.eJ. Cou
SuerJir S Mil is aure] suert tu ocui|e u| uu|oJe
u|]sicol ossets suc| os uuilJirs orJ aoc|ire|]. ||ee Cos|
|luw SMil is t|e oauurt u cos| t|ot o cuauor] |os let
u.e| ote| it |os uoiJ oll u its eruerses, ircluJir
ir.estaerts ,0ue| Cos| |luw airus Cou SuerJir orJ
Ji.iJerJs.
Avg oo. oI 8hares
T|e wei|teJ o.e|oe ruaue| u u|Jiro|] s|o|es Ju|ir
t|e irorciol ]eo|. T|is iu|e is useJ tu colculote uosic
eo|rirs ue| s|o|es ,E|S.
FroIitabiIity
Retu|r ur /ssets ,R0/ is t|e ue|certoe o cuauor]
eo|rs ur its ossets ir o i.er ]eo|. lt is aeosu|eJ u]
Ji.iJir l|/T ueu|e ouru|aols u] tutol ossets. Retu|r ur
Euit] ,R0E is t|e ue|certoe o cuauor] eo|rs ur its
tutol euit] ir o i.er ]eo|. T|e colculotiur is l|/T ueu|e
ouru|aols Ji.iJeJ u] s|o|e|ulJe| euit]. let Mo|ir is
/ aeosu|e u u|uitouilit] orJ is euol tu l|/T Ji.iJeJ u]
|e.erues |ua t|e soae ue|iuJ. /sset Tu|ru.e| |eu|eserts
|uw aor] Jullo|s ir |e.erue o cuauor] |os ere|oteJ ue|
eoc| Jullo| u ossets. lt is colculoteJ u] Ji.iJir tutol
|e.erues u| t|e ue|iuJ u] tutol ossets u| t|e soae ue|iuJ.
|irorciol le.e|oe is colculoteJ u] Ji.iJir tutol ossets u]
tutol s|o|e|ulJe|s' euit].
FioaociaI heaIth
wu||ir Couitol SMil is cu||ert ossets airus cu||ert
liouilities. wu||ir couitol aeosu|es |uw auc| ir liuiJ
ossets o cuauor] |os o.oiloule tu uuilJ its uusiress.
|urTe|a 0eut SMil ircluJes luors orJ uuliotiurs wit| o
aotu|it] u lure| t|or ure ]eo|, usuoll] occuauorieJ u]
irte|est uo]aerts. Tutol Euit] SMil is uwre|s|iu irte|est
ir o cu|uu|otiur ir t|e u|a u cuaaur stuc| u| u|ee||eJ
stuc|. lt olsu |ee|s tu tutol ossets airus tutol liouilities, ir
w|ic| cose it is olsu |ee||eJ tu os s|o|e|ulJe|'s euit] u|
ret wu|t| u| uuu| .olue. 0eutleuit] |otiu is euol tu
s|u|tte|a orJ lurte|a Jeut airus cos| Ji.iJeJ u]
cuaaur s|o|e|ulJe|s' euit].
aIuatioo
||icelEo|rirs ,|E is t|e cu||ert u|ice Ji.iJeJ u] t|e
cuauor]'s t|oilir 1Zaurt| eo|rirs ue| s|o|e.
||icelBuu| ,|B is t|e aust |ecert stuc| u|ice Ji.iJeJ u]
t|e aust |ecert uuu| .olue ue| s|o|e. ||icelSoles ,|S is
t|e cu||ert u|ice Ji.iJeJ u] t|e cuauor]'s soles ue| s|o|e
u.e| t|e t|oilir 1Z aurt|s. ||icelCos| |luw ,|C is t|e
aust |ecert u|ice Ji.iJeJ u] t|e cos| luw ue| s|o|e u t|e
lotest iscol ]eo|.
key ates
|iscol Yeo| ErJ is t|e Jote ir w|ic| t|e cuauor] cluses its
uuu|s u| t|e u|e.iuus 1Zaurt| ue|iuJ u.e| w|ic| o
cuauor] uuJets its suerJir. /CM is t|e orruol
cuauor] ot|e|ir, usuoll] |elJ ot t|e erJ u eoc| iscol
]eo|, ot w|ic| t|e u|e.iuus ]eo| orJ t|e uutluu| u| t|e
utu|e o|e JiscusseJ orJ Ji|ectu|s o|e electeJ u] cuaaur
s|o|e|ulJe|s. |istir 0ote Jeires t|e Jote t|e cuauories
s|o|e u|ice wos i|st uuteJ ur t|e stuc| erc|ore. 0R| is
t|e Ji.iJerJ |eir.estaert ulor ue|eJ u] suae
cu|uu|otiurs eroulir s|o|e|ulJe|s tu outuaoticoll]
|eir.est cos| Ji.iJerJs orJ couitol oirs Jist|iuutiurs,
t|e|eu] occuaulotir au|e stuc| wit|uut uo]ir u|u|e|oe
cuaaissiurs.
6ooseosus
Cu||ert,lotest octuol ||icelEo|rirs, 0i.iJerJ YielJ, E|S
orJ 0|S o|e u|u.iJeJ u| |ee|erce. |u|ecosts o|e
irJicoteJ u] 'E' orJ o|e o.oiloule u| u|wo|J ]eo|s url].
But| octuol orJ u|ecost E|S o|e u|eserteJ ur o
u|euuJwill oau|ti/otiur uosis.
ivideod history
0i.iJerJ Er0ote is t|e i|st Jo] u t|e erJi.iJerJ ue|iuJ.
l or ir.estu| Jues rut uwr t|e stuc| ueu|e t|e erJote,
|e u| s|e will ue ireliiule u| t|e Ji.iJerJ uo]uut.
0i.iJerJ |o] 0ote is t|e Jote ur w|ic| t|e Ji.iJerJ will
octuoll] ue uoiJ tu s|o|e|ulJe|s. 0|S ( is Tutol Ji.iJerJ
u| t|e ]eo|, Ji.iJeJ u] t|e ruaue| u s|o|es |or|eJ u|
Ji.iJerJ. ||or|ir s|uws t|e ue|certoe u t|e Ji.iJerJ
w|ic| curtoirs o Ji.iJerJ iauutotiur c|eJit.
Major 8harehoIders
T|e 3 lo|est s|o|e|ulJe|s ,irJi.iJuols u| cuauories orJ
t|e ruaue| u .utir s|o|es t|e] o|e ertitleJ tu.
Iovesteot etaiI ||irt 0ote. Z3JulZ01+ |oe Z u Z
Z01+ Mu|rirsto|, lrc. /ll |i|ts |ese|.eJ. leit|e| Mu|rirsto|, its oiliotes, ru| t|e curtert u|u.iJe|s uo|ortee t|e Joto u| curtert curtoireJ |e|eir tu ue occu|ote, cuaulete u| tiael] ru| will t|e] |o.e or] liouilit] u| its use u| Jist|iuutiur.
/r] ere|ol oJ.ice u| 'closs se|.ice' |o.e ueer u|euo|eJ u] Mu|rirsto| /ust|olosio |t] |tJ ,/Bl. 95 090 5 5++, /|S|. Z+0c9Z orJlu| Mu|rirsto| Reseo|c| |tJ, suusiJio|ies u Mu|rirsto|, lrc, wit|uut |ee|erce tu ]uu| uujecti.es, irorciol
situotiur u| reeJs. Ree| tu uu| |irorciol Se|.ices CuiJe ,|SC u| au|e iru|aotiur ot www.au|rirsto|.cua.oulsls.uJ. Yuu s|uulJ cursiJe| t|e oJ.ice ir li|t u t|ese aotte|s orJ i ouulicoule, t|e |ele.ort ||uJuct 0isclusu|e Stoteaert
,/ust|olior u|uJucts u| lr.estaert Stoteaert ,lew ZeolorJ u|uJucts ueu|e ao|ir or] Jecisiur tu ir.est. 0u| uuulicotiurs, |otirs orJ u|uJucts s|uulJ ue .ieweJ os or oJJitiurol ir.estaert |esuu|ce, rut os ]uu| sule suu|ce u iru|aotiur. |ost
ue|u|aorce Jues rut recesso|il] irJicote o irorciol u|uJuct's utu|e ue|u|aorce. Tu uutoir oJ.ice toilu|eJ tu ]uu| situotiur, curtoct o u|uessiurol irorciol oJ.ise|. Suae aote|iol is cuu]|i|t orJ uuulis|eJ urJe| licerce |ua /SX 0ue|otiurs
|t] |tJ /Cl 00+ 5Z3 /cZ ,'/SX0'.