Telekom Malaysia Bhd. · MYX:TM

Telekom Malaysia Bhd — Q3 2012 Earnings Presentation

25 slides from Telekom Malaysia Bhd's earnings presentation, Nov 30, 2012

  1. Slide 1: 3Q 2012 Results Analyst Briefing

    3Q 2012 RESULTS ANALYST BRIEFING 30 November 2012

  2. Slide 2: Disclaimer

    Disclaimer This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase, any securities and neither this presentation nor anything contained in it shall form the basis of, or be relied on in connection with any contract or commit

  3. Slide 3: Performance Overview

    Performance Overview Financial review Operating highlights  Concluding remarks 3

  4. Slide 4: Key Highlights YTD Sept 2012

    Key Highlights YTD Sept 2012 Revenue up by 7.2% to RM7.2bn, - continued momentum from Internet, Data & Other telco services Reported EBITDA grew by 1.8% and Normalised EBITDA grew by 1.7% to RM2.3bn Reported PATAMI up by 51.9% to RM900.5mn Normalised PATAMI up by 50.1% to RM592.5mn Improved Capex ef

  5. Slide 5: Key Highlights 3Q 2012

    Key Highlights 3Q 2012 Financial Performance • Operating revenue increased by 2.3% YoY but lower by 2.0% QoQ, to RM2,375.4bn • Normalised EBITDA lower by 5.1% YoY and 3.8% QoQ, to RM762.3mn • Normalised PATAMI grew by 35.5% YoY but lower by 16.5% QoQ, to RM186.1mn Key Operating Indicators • Internet

  6. Slide 6: Financial Review

     Performance Overview Financial review Operating highlights  Concluding remarks 6

  7. Slide 7: Group Results 3Q2012

    Group Results 3Q2012 Reported Comments RMmn % Change (YTD12 vs. YTD11) % Change % Change YTD Sept YTD Sept 3Q12 2Q12 3Q11 YTD12 vs QoQ YoY 12 11 YTD11 Positive growth in Internet, Data Revenue 2,375.4 2,425.0 -2.0 2,321.7 +2.3 7,184.2 6,703.5 +7.2 & Other Telco Services Other Operating 20.5 44.1 -53

  8. Slide 8: Normalised EBITDA

    Normalised EBITDA In RM mn 3Q12 2Q12 3Q11 YTD12 YTD11 Reported EBITDA 751.5 797.4 812.5 2,331.5 2,290.3 Non Operational Loss on Sale of Assets - 0.2 0.2 0.3 1.0 FX (Gain)/Loss on International trade 10.8 (5.3) (9.4) 7.5 9.0 settlement Normalised EBITDA 762.3 792.3 803.3 2,339.3 2,300.3 Normalised EB

  9. Slide 9: Normalised PATAMI

    Normalised PATAMI In RM mn 3Q12 2Q12 3Q11 YTD12 YTD11 Reported PATAMI 301.4 348.5 302.2 900.5 592.7 Non Operational Loss on Sale of Assets - 0.2 0.2 0.3 1.0 FX (Gain)/Loss on International trade 10.8 (5.3) (9.4) 7.5 9.0 settlement Other (Gain)/Losses** (0.8) 2.4 (278.3) 0.2 (281.0) Unrealised FX (Ga

  10. Slide 10: Cost % of Revenue

    Cost % of Revenue1 Cost/revenue ratio continues to improve RM mn RM6,089.2 RM6,482.3 89.7% 89.1% 0.8 0.9 YTD Sept 2012 vs. YTD Sept 2011 4.2 4.3 6.1 6.2 •Higher Maintenance cost due to 6.1 8.2 customer projects, new maintenance 11.6 % of Revenue contracts at ITNT 11.3 Bad Debt Marketing Expenses •Hi

  11. Slide 11: Group Capital Expenditure

    Higher HSBB capex due to extension of EGNet project Group Capital Expenditure (GITN) BAU Capex 8.9 5.7 700 598 600 Total Capex 500 149 407 400 184 106 RM mn 300 114 21.2 19.8 200 265 100 187 1600 0 1,424 1,419 1400 YTD11 YTD12 Access Core Network Support System* 211 244 Note : BAU – Business As Usua

  12. Slide 12: Group Cash Flow & Key Financial Ratios

    Group Cash Flow & Key Financial Ratios RM mn YTD Sept 12 YTD Sept 11 Cash & cash equivalent at start 4,212.6 3,488.0 Cashflows from operating activities 1,335.1 1,661.8 Cashflows used-in investing activities (1,415.9) (653.6) Capex* 1,277.0 860.7 Cashflows used-in financing activities (1,418.6) (1,1

  13. Slide 13: Operating Highlights

     Performance Overview Financial review Operating highlights  Concluding remarks 13

  14. Slide 14: Group Total Revenue by Product

    Group Total Revenue by Product Voice Internet RM mn YTD12 RM7,184mn RM mn RM mn +15.8% -4.4% -0.6% +19.6% -4.3% +3.3% Others 15% Voice 39% 1,746 Internet 2,817 2,799 1,460 947 946 905 24% 519 582 601 Data 22% 3Q11 2Q12 3Q12 YTD11 YTD12 3Q11 2Q12 3Q12 YTD11 YTD12 Data Others* YTD11 RM6,704mn RM mn RM

  15. Slide 15: Group Total Revenue by Line of Business

    Group Total Revenue by Line of Business YTD12 RM7,184mn Retail Wholesale Others 8% RM mn RM mn Wholesale +3.7% +3.1% -0.4% 8% -2.3% +7.9% +5.3% Consumer 5,419 Global 28% 5,021 9% 1,183 1,724 1,831 1,788 1,016 819 361 397 372 820 569 Government 567 276 277 275 1,424 16% SME 1,365 197 458 486 475 191

  16. Slide 16: Physical Highlights

    Physical Highlights Higher forced churn impacted Unifi net-adds Broadband Customer Growth UniFi In thousand +8.4% +159.9% +0.8% +11.2% 2,011 2,028 427,136 1,871 1,923 1,974 384,024 1,772 1,830 315,745 67,974 64 109 164 237 316 384 427 236,501 164,375 58,467 291 296 314 312 302 297 46,436 292 109,019

  17. Slide 17: Concluding Remarks

     Performance Overview  Financial review  Operating highlights Concluding remarks 17

  18. Slide 18: Key Takeaways

    Key Takeaways • Revenue growth of 7.2% from Internet, Data & Other telco Financial Performance services • Continued EBITDA growth:  Reported EBITDA grew by 1.8% and  Normalised EBITDA grew by 1.7% to RM2.3bn • EBITDA margins in line with Headline KPI • Continued PATAMI growth:  Reported PATAMI up

  19. Slide 19: Appendices

    Appendices

  20. Slide 20: Cost % of Revenue

    Cost % of Revenue 3Q12 2Q12 3Q11 YTD12 YTD11 YTD2012 vs. YTD2011 Operating Revenue (RM mil) 2,375.4 2,425.0 2,321.7 7,184.2 6,703.5 - Other Operating Income 20.5 44.1 27.8 91.2 83.9 - (RM mil) Direct Costs % 17.8 16.9 16.7 17.6 17.0 Higher international outpayment, USP RM mil. 425.3 418.1 392.8 1,28

  21. Slide 21: Group Balance Sheet

    Group Balance Sheet As at 30 Sept 2012 As at 31 Dec 2011* RM Million Shareholders’ Funds 6,553.5 7,424.0 Non-Controlling Interests 150.8 162.9 Deferred & Long Term Liabilities 9,977.7 10,036.1 Long Term Borrowings 6,562.2 6,402.7 Deferred Tax 1,266.7 1,541.8 Deferred Income 2,122.6 2,072.7 Derivativ

  22. Slide 22: Retail

    RETAIL Revenue by Product Revenue by Business Unit RM mn +7.9% YTD12 RM5,419mn 6,000 RM mn 5,419 5,021 5,000 479 388 Government 4,000 1,447 1,734 22% Consumer 3,000 Others 37% 884 964 Internet Enterprise 2,000 Data 15% Voice 1,000 2,329 2,273 SME 26% 0 YTD11 YTD12 +3.7% RM mn -2.3% YTD11 RM5,021mn R

  23. Slide 23: Wholesale

    WHOLESALE Revenue by Product Revenue by Customer Segment RM mn -0.4% YTD12 800 569 567 62 58 ASP 600 17% 400 442 458 Others Data 200 MC Voice 83% 170 154 0 YTD11 YTD12 YTD11 RM mn +3.1% +5.3% 250 197 ASP 191 187 17% 22 22 17 200 150 Others 151 152 160 Data MC 100 Voice 83% 50 54 52 52 0 MC : Malaysi

  24. Slide 24: Global

    GLOBAL Revenue by Product Revenue by Region +6.3% RM mn YTD12 Others America 800 12% 12% 626 700 589 11 600 6 500 283 Europe & 241 Others AFME 400 0 Data 13 South Asia 15% 300 Data (IRU Sales) 32% 200 382 Voice 352 Oceania & 100 North Asia 29% 0 YTD11 YTD12 -12.1% YTD11 RM mn America Others -10.8% 1

  25. Slide 25: Thank You

    THANK YOU Any queries please email to : [email protected] •Investor Relations• Level 11 (South Wing) •Menara TM •JlnPantaiBharu •50672 Kuala Lumpur, Malaysia • Tel (603) 2240 4848/ 7366 / 7388

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