Green Packet Bhd. · MYX:GPACKET
Green Packet Bhd — Q3 2013 Earnings Presentation
20 slides from Green Packet Bhd's earnings presentation, November 2013
Slide 1: Financial & Operational Performance for Period Ended 30 September 2013
Financial & Operational Performance for Financial Period Ended 30 September 2013
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation and the following discussion may contain forward looking statements by Green Packet Berhad that reflect management’s current expectation, beliefs, hopes, intentions or strategies regarding the future and assumptions in light of currently available informa
Slide 3: Highlights of 3Q13
Highlights of 3Q13 Green Packet Group’s 3Q13 EBITDA grew 30% YoY and 28% QoQ to RM12million, 8th consecutive EBITDA positive quarter. Positive EBITDA growth across business pillars: Solution Pillar: RM1.7million, increased by 750% YoY and 667% QoQ. P1 Pillar: RM8.8million, increased by 5% YoY and 4%
Slide 4: Solution Pillar
Solution Pillar Operational Performance Copyright @ 2013 Greenpacket. All Right Reserved. 6
Slide 5: Device Shipments in 3Q13
Device Shipments in 3Q13 212 198 204 189 190.2 181.8 156.1 121.4 91.0 111.6 103.8 Q1 Q2 Q3 Q4 Year 2011 Year 2012 Year 2013 Q313: 111,582 units WiMAX Device Shipments > -39% YoY Increase > -29% QoQ Increase Slows as LTE Picks Up Steam. *Green Packet ,March 2013 Copyright @ 2013 Greenpacket. All Righ
Slide 6: LTE Gaining Traction
LTE Gaining Traction From Trial To Commercial 2012 Q1-Q2 2013 Q3 2013 60 TD- 61 TD- 51 TD- LTE LTE 46 TD- LTE LTE 21 21 20 WiMAX WiMAX WiMAX 15 + LTE + LTE + LTE WiMAX + LTE 11 13 13 8 Trials Trial Trial Trial Clients Clients Clients Clients 2 Commercial Clients Preview Launch of Soft Launch of Comm
Slide 7: Continues to Supply to Leading WiMAX Operators
Continues to Supply to Leading WiMAX Operators ARIA Telecom Italy ~U$2.3 mil Digicel SMART Communications Jamaica Philippines ~U$0.8 mil ~U$1.5 mil IPI-9 Gabon ~U$0.5 mil *Selective PO Obtained In Q3 2013 Copyright @ 2013 Greenpacket. All Right Reserved.
Slide 8: 4Q13 Focus
4Q13 Focus MAINTAIN WIMAX GROW LTE Close Obtain >150K significant Wimax orders for LTE Launch LiTE TM Orders devices series Modems Single Mode , Single Band Modems Copyright @ 2013 Greenpacket. All Right Reserved.
Slide 9: P1 Pillar
P1 Pillar Operational Performance Copyright @ 2013 Greenpacket. All Right Reserved. 16
Slide 10: Total Sites as of 3Q13
Total Sites as of 3Q13 Minimal New WiMAX Capacity Sites in View of LTE Migration in 2014 Cumulative sites as at end Q313: 1,906 Existing Sites New Sites Total Sites 1868 1881 1902 1906 2000 1791 1610 1678 13 21 4 1527 77 113 68 Number of sites 1500 83 1083 1171 356 1009 74 88 1000 93 500 916 1009 10
Slide 11: Total Subscribers as of 3Q13
Total Subscribers as of 3Q13 Marginal Net Adds In Line with Tapering Investment in New WiMAX sites. Q313 Total Net Subscribers (broadband & voice): 553.09K 600 541.24 553.07 553.09 505.61 517.13 446.11 467.41 Number of Subs 500 415.43 92.26 98.41 99.87 (Thousands) 376.33 70.72 83.64 356.98 57.45 400
Slide 12: ARPU & Churns
ARPU & Churns 2013 Focus on Improving ARPU & Churn Pays Off ARPU (Postpaid, RM) Churn (%) 83 83 82 5.3 81 4.8 4.9 80 3.5 3.5 3.8 2.7 78 78
Slide 13: Revenue & EBITDA as of 3Q13
Revenue & EBITDA as of 3Q13 EBITDA-driven Business Transformation Strategy Delivers 20 Net EBITDA Net Revenue (RM’mil) 10 9.2 9.5 10.0 2.2 7.9 8.0 0 5.1 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 -10 -7.6 -16.6 -19.4 -20 -25.8 -30 90.0 Net Revenue 80.0 Net Revenue (RM’mil) 70.
Slide 14: 3Q13 Marketing Campaigns Target Quality Subs
3Q13 Marketing Campaigns Target Quality Subs Increase ARPU per subscriber Targeted marketing through strategic partnerships Customer education through radio tie-ups Private & Confidential. 14 Powered by Packet One Networks
Slide 15: Group Financial Performance
Group Financial Performance For the period ended 30 September 2013 Copyright @ 2013 Greenpacket. All Right Reserved. 23
Slide 16: Key Financial Highlights 3Q 2013
Key Financial Highlights 3Q 2013 Revenue (‘million) EBITDA (‘million) P1 76 P1 (54%) 8.8 Group Group 142 12.0 Solution Alt Svs Alt Svs 26 40 Solution 1.5 (18%) (28%) 1.7 Revenue EBITDA RM142m RM12m Decreases by 11% YoY Improves by 30% YoY Copyright @ 2013 Greenpacket. All Right Reserved.
Slide 17: Revenue
Revenue -11% YoY growth -6% QoQ growth 3Q13 Vs. 3Q12 : • Software & Devices: declines RM14.5million with slow down in WiMAX device shipment • Broadband Services: declines RM6.7million attributed to marginal growth and a strong 3Q12 due to bulk project deals and Universal Service Provision project re
Slide 18: Results from Operational Units
Results from Operational Units EBITDA +10% +114% +80% -55% +27% +28% QoQ growth EBIDTA margin YoY Group EBITDA margin improves 30% due to higher communication services revenue; and cost and operational efficiency which resulted in: Lower overall operating expenses in P1 & GP Lower sales & market
Slide 19: Results from Operational Units
Results from Operational Units Operational Losses -40% YoY negative growth +6% QoQ positive growth Operational Losses (After MI) -39% YoY negative growth +19% QoQ positive growth • Losses decrease in 3Q13 as a result of cost optimization measures. • Broadband services losses increase for 3Q13 mainly
Slide 20: Thank You
2012 Financial Performance Thank You Copyright @ 2013 Greenpacket. All Right Reserved.