powerpoint presentation 2014.pdf · title: powerpoint presentation author: 720486 created date:...
TRANSCRIPT
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PT Telekomunikasi Indonesia, Tbk.
9M14 Results
October, 2014
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Disclaimer
This document may contain forward-looking statement within the meaning of safe-harbor. Actual results could differ materially from projections, estimations orexpectations. These may involve risk and uncertainty, and may cause actual resultsand development to differ substantially from those expressed or implied in thestatements. The company does not guarantee that any action, which may have beentaken in reliance of this document will bring specific results as expected.
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Content
1. Telkom in Brief
2. Financial and Operational Results
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Telkom in Brief
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Business and Customer Portfolio
Telecommunication
POTS
FWA
Mobile / Cellular
International Services
Broadband
Network Services
Tower
Information
Premise Integration Services
VA, Managed App & Performance/ITO
E-Payment
ITeS (BPO, KPO)
Media & Edutainment
Media : Pay TV & FTA
Content / Portal
Retail
Wholesale
International
Personal Consumer/Home SME Enterprise
OLO ( Other Licensed Operators )
Serv
ice
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Telkom and Subsidiaries
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Current OwnershipTelkom Indonesia is listed atIndonesia Stock Exchange (TLKM IJ)and New York Stock Exchange (TLKUS)
Public 47.4%
Government 52.6%
Treasury Shares 2.6%
Total Shares
100,799,996,400 shares
Market Capitalization at IDX
*) as of September 30, 2014
Rp293.8Tn*TOP 3
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Financial and Operational Results
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Highlights
Well maintained strong financial resultsConsol Revenue grew 7.1% YoY to Rp65.8tnTsel Revenue grew by 10.0% YoY to Rp48.4tn
Gaining remarkable subscribers growthBroadband users grew 31.8% YoY to more than 29.8mn*)
Cellular subscribers grew 8.9% YoY to 139.3mn*) exclude PAYU
Telkomsel continues the leadership in network quality and coverageTotal BTS 83,346 units, a 26.9% YoY growth3G BTS 37,082 units, a 58.2% YoY growth.New BTS 9M14 13,482 units, a 18.7% YoY growth, average ±1,500 BTS/month
Telkom recorded a strong operational and financial results in 9M14
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Data ServicesRevenues (Rp Tn)
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9M13 9M14
Data services, especially mobile data, is being the growth driver
Users (Million)
Mobile Data
Speedy
▲ 32.9%
▲ 8.0%
10.0
3.4 3.7
7.6
Mobile Data
▲ 14.1%
▲ 14.8%
9M13 9M14
▲ 14.8%
55.3 63.5
2.93.3
Fixed Bband
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Revenues YoY (Rp Tn)
Note: “Other” among others consists of CPE, Pay TV, Leased Revenue, Directory Assistance, USO and Modem Sales
▲ 7.1%
TOTAL
11
61.5 65.8
9M13 9M14
23,665
7,395
23,333
3,633 911 2,562
25,032
6,770
26,915
3,636 843 2,645
Cellular voice Fixed line voiceData, Internet, & ITInterconnection Network Other
9M13 9M14
▼7.5% ▲ 3.2%
▲ 5.8%
▼8.5%
▲ 15.4%
▲ 0.1%
9M13 9M14
Cellular SMSData Comm OthOthers
9.9
10.0
3.3
9.6
7.3
6.4
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Expenses YoY (Rp Tn)
▲ 8.7%
TOTAL
12
40.2 43.7
9M13 9M14
14,115
6,967
3,636
2,105 2,398
11,072
(96)
16,606
7,215
3,680
2,314 2,390
12,036
(532)O&M Personnel Interconnection Marketing G&A D&A Other
9M13 9M14▲ 17.6%
▲ 1.2%▲ 9.9% ▼0.3%
▼454.2%
▲ 3.6%
▲ 8.7%
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Cellular Industry : TSEL Profile
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1. Occupied by 9 players (4 GSM+5 CDMA), telco industry ismature with estimated 130% SIM penetration (± 75%population-based penetration). Relatively stablecompetition in legacy businesses.
2. Early stage in data business with around 50% data usersand 25% smartphone penetration.
3. Tremendous growth in digital business; data traffic grewby 146% YoY and data revenue grew by 32% in 9M-14.
Industry Overview
TSEL Population Coverage 2G: ± 95% | 3G: ± 60%
Subscriber Market Share (Estimated)
Source: Company’s Data & Market Intelligence
44%56%
TSEL Others
Sumatera
CB portion: 29%
Greater Jakarta & West Java
CB portion: 22%Java & Bali CB portion: 27%
Papua, Maluku, Sulawesi, Kalimantan
CB portion: 22%
9M13 9M14 Diff.
TSEL 40% 44% 4ppt
Others 60% 56% -4ppt
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Cellular: 9M14 Digital Business
Broadband:
Telkomsel Flash
BlackBerry
Digital Services:- Digital Lifestyle
- Digital Advertising
- Digital Payment & Mobile Banking
14
+32%
9M-14
11.1
1.1
10.0
9M-13
8.4
0.8
7.6
DIGITAL BUSINESS
REVENUEIn Million
YEAR-ON-YEAR ACHIEVEMENT
In Trillion
DATA ENABLED
CUSTOMER
28%Digital
Services
Broadband
33%
9M-13 9M-14
155.9
63.4
DATA TRAFFIC
146%
In PB
9M-14
35.4
9M-13
20.0
3G DEVICE
CAPABLE
76%
In Million
9M-14
10.0
9M-13
8.0
3G BTS
ROLL OUT
25%
In Thousand
9M-14
37.1
9M-13
23.4
3G BTS
ON AIR
58%
In Thousand
55.3
9M-14
63.5
9M-13
15%
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Cellular: 9M14 Solid Revenue
15
+10%
9M-14
48.4
37.3
11.1
9M-13
44.0
35.6
8.4
REVENUE
8.0
+19%
9M-14
13.5
3.4
10.0
9M-13
11.4
3.3
In Million In Thousand
YEAR-ON-YEAR ACHIEVEMENT
In Trillion
9M-14
20%
9M-13
19%
CAPEX TO
REVENUE
TOTAL ASSET BTS ROLL OUT BTS ON AIRIn Thousand
+27%
9M-14
83.3
46.3
37.1
9M-13
65.7
42.2
23.4
CUSTOMER
In Trillion
3G
2G
3G
2G
1ppt
5%Legacy
Digital
Business
25%
3%
32%
58%
10%
EBITDA NET INCOMEIn TrillionIn Trillion
Margin
55%58%
Margin
29%30%
9M-13 9M-14
26.825.4
9M-14
13.8
9M-13
13.1
5%6%
9M-14
66.674.0
9M-13
11%
9M-13 9M-14
139.3127.9
9%
Debt to Equity Ratio (DER)*:
Sep-14: 7% (Sep-13: 5%)*) excluding obligation under finance lease
Free Cash Flow
Sep-14: Rp14.0tn (Sep-13: Rp14.4tn)
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Corporate Actions in 9M14
• PINS Indonesia Acquire 25% of Tiphone Shares
• Telkom Redirecting Flexi’s Customers to Telkomsel
• Telkom and Telstra formed a JV for Network Application Services (NAS)
• Acquisition of Majority Shareholding in Contact Centre Australia (CCA)
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2014 Company OutlooksContinue to Deliver Value to Shareholders
▪ In line with or slightly above the market for both TLKM Consolidated and Telkomsel
Revenue Growth
▪ Slight decline for both TLKM Consolidated and for Telkomsel
EBITDA Margin
▪ Group (Consolidated): 20-25% over Revenue▪ Allocation:
▪ Telkomsel: 70%▪ TLKM & Others: 30%
Capex
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Thank You