2nd Quarter FY20 Results

12 September 2019

This document contains certain forward-looking statements with respect to Astro Malaysia Holdings Berhad’s (“Astro”) financial condition,

results of operations and business, and management’s strategy, plans and objectives for Astro. These statements include, without

limitation, those that express forecasts, expectations and projections such as forecasts, expectations and projections in relation to new

products and services, revenue, profit, cash flow, operational metrics etc.

These statements (and all other forward-looking statements contained in this document) are not guarantees of future performance and are

subject to risks, uncertainties and other factors, some of which are beyond Astro’s control, are difficult to predict and could cause actual

results to differ materially from those expressed or implied or forecast in the forward-looking statements. These factors include, but are

not limited to, the fact that Astro operates in a competitive environment that is subject to rapid change, the effects of laws and

government regulation upon Astro’s activities, its reliance on technology which is subject to risk of failure, change and development, the

fact that Astro is reliant on encryption and other technologies to restrict unauthorised access to its services, failure of key suppliers, risks

inherent in the implementation of large-scale capital expenditure projects, and the fact that Astro relies on intellectual property and

proprietary rights which may not be adequately protected under current laws or which may be subject to unauthorised use.

All forward-looking statements in this presentation are based on information known to Astro on the date hereof. Astro undertakes no

obligation publicly to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This presentation has been prepared by Astro. The information in this presentation, including forward-looking statements, has not been

independently verified. Without limiting any of the foregoing in this disclaimer, no representation or warranty, express or implied, is made

as to, and no reliance should be placed on, the fairness, accuracy or completeness of such information. Astro and its subsidiaries,

affiliates, representatives and advisers shall have no liability whatsoever (whether in negligence or otherwise) for any loss, damage, costs

or expenses howsoever arising out of or in connection with this presentation.

Disclaimer

1 | 2QFY20 results

NB:

(1) 2Q FY20 vs 2Q FY19

(2) Normalised PATAMI excludes post-tax impact unrealised forex gain/(loss) 2Q FY20: RM 1mn, 2Q FY19: (RM 30mn) due to mark-to-market

revaluation of transponder-related finance lease liabilities

2Q FY20 key performance highlights

2 | 2QFY20 results

EBITDA (1)

Normalised PATAMI (1)(2)

FCF of RM346mn

Revenue (1)

Commerce (1)

YoY Key Highlights

Adex (1)

RM1.4bn → RM1.2bn

RM161mn → RM158mn

Capturing market share across TV,

radio and digital

RM94mn→ RM91mn

Revenue resilient

RM289mn → RM437mn

Healthy EBITDA margin of 35%

RM46mn→ RM168mn

Normalised PATAMI margin of 14%

205% of PATAMI,

2.0 sen dividend declared

• Normalised PATAMI up >100%

• ARPU up 10 sen to RM100

• Announced new broadband

bundles with higher speed of

100mbps

• New Astro experience on Astro

GO

• Unveiled world’s first iQIYI linear

channel

• Launch of Syok, a multilingual

entertainment and lifestyle

platform

NB

(1) TV household data sourced from the Department of

Statistics Malaysia and Media Partners Asia

(2) Household penetration comprises residential Pay-TV

customers and NJOI customers

(3) Viewership share is based on DTAM deployed by Kantar

Media DTAM

(4) Audience measurement provided by GfK

(5) Average monthly unique visitors to Astro’s digital assets in

the last 12 months as sourced from comScore

(6) Connected set-top boxes (STBs) are internet-ready with

recording functionality and have access to Astro’s On

Demand library of content

(7) Normalised PATAMI excludes post-tax impact of unrealised

forex gain/(loss) 1H FY20: (RM 7mn), 1H FY19: (RM 34mn)

due to mark-to-market revaluation of transponder-related

finance lease liabilities

(8) Numbers may not add up due to rounding differences

3 | 2QFY20 results

1H FY20 year to date overview

Scaling reach… 1H FY19 1H FY20 Growth

Total TV households in Malaysia (000s)(1) 7,380 7,495 2%

TV household penetration(2) 76% 76% -

TV customer base (000s) 5,635 5,690 1%

Pay TV ARPU (RM) 99.9 100.0 0.1%

Astro TV viewership share(3) 75% 75% -

Radio listenership (mn) (4) 16.9 16.7 -1%

Average monthly unique visitors (mn)(5) 7.0 10.1 44%

Connected STBs (000s) (6) 920 1,021 11%

1H FY19 1H FY20 Growth

Revenue (RM mn) 2,727 2,471 -9%

Adex (RM mn) 312 302 -3%

EBITDA (RM mn) 750 881 17%

EBITDA margin 28% 36% 8 p.p.

Normalised PATAMI (RM mn) (7) 225 353 57%

FCF (RM mn) 691 597 -14%

EPS (RM sen) 3.7 6.6 78%

…enabling resilient results

Digital Brands

• Largest Pay-TV

operator in SEA

• Serving 5.7mn

households

• 76% household

penetration

• 44% TV adex share

• 1mn connected STBs

• 10.1mn monthly

unique viewers

across over

25 digital brands

• Gempak is the No. 1

digital

entertainment

portal in Malaysia

• 4% digital adex share

• 24/7 multilanguage

shopping experience

• Multiplatform: TV &

ECMC

• 1.9mn registered

customers

• 11 radio brands

• #1 in every language-

English, Malay,

Chinese, Tamil

• 16.7mn weekly

listeners & 3.1mn

monthly unique

streaming users

• 80% radex share

Leading content & consumer company

RADIO

• #1 premium content

creator & aggregator

• Investing in content

verticals with

regional reach

• Produced 13k hours

of content in FY19

4 | 2QFY20 results NB:

Connected set-top boxes (STBs) are internet-ready with recording functionality and have access to Astro’s On Demand library of content

DIGITAL COMMERCECONTENT

Radio Brands

TV

163 207

1H FY19 1H FY20

746

815

1H FY19 1H FY20

25%

75%

TV Viewership Share (1)

3:36 3:262:06 2:09

1H FY19 1H FY20

Avg. Time Spent/Day (hrs)

12.9 12.47.2 6.7

1H FY19 1H FY20

Avg. Daily Viewers (mn)

Astro FTA

1.9 2.3

1H FY19 1H FY20

Avg. Weekly Viewing (mins)Registered Users (2) (mn) Avg. Monthly Active Users (4) (’000)

9%

19%

27%

NB:

(1) Target Audience: Kantar Media, Dynamic TV Audience Measurement (DTAM). All Astro Pay-TV viewers

(2) Cumulative count since inception

(3) Connected set-top boxes (STBs) are internet-ready with recording functionality and have access to Astro’s On Demand library of content

(4) Source: App Annie as at 31 July

920 1,021

1H FY19 1H FY20

Total Connected STBs (2)(3)

(000s)

11%

2433

1H FY19 1H FY20

Total Video Downloads (mn)

38%

415 462

1H FY19 1H FY20

Avg. Weekly Viewing (mins)

11%

TV

On Demand

OTT

3.9%

4.6%

5 | 2QFY20 results

6.9%

2.4%

Customers watch over 4 hours of Astro daily

Vernacular content underpins viewership share

6 | 2QFY20 results

FTA 25%

Vernacular content

64%

Others36%

Astro 75%

1H FY20 TV Viewership Share (2)

TV viewership

3.2mn 2.6mn 2.4mn

Setelah

Terlafaznya Akad

2000 Prime Talk Evening Edition Seithigal

198channels

73Astro-branded

channels

29free channels

NB

(1) Number of channels as at 2QFY20

(2) Target Audience: Kantar Media, Dynamic TV Audience Measurement (DTAM). All Astro Pay-TV viewers

Curi-Curi Cinta Sweet Dreams

(1)

TV viewership

339k 311k 71k

Key non-Malay language IPs

Key Malay language IPs

77HD channels

>30prepaid channels

1,076 1,162 1,107 1,073

1,005 987

151

161179 196

145 158

84

9498 99

84 91

99.60 99.90 99.90 99.90 100.40 100.00

20

30

40

50

60

70

80

90

100

110

120

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

1Q FY19 2Q FY19 3Q FY19 4Q FY19 1Q FY20 2Q FY20

GoShop (-2%)

Adex (-3%)

Subscriptions/Others (-11%)

ARPU (+0.1%)

1,3681,417

1,311

1,384

1,2361,234

(RM mn)Total revenue

NB

(1) Disclosed as Subscription revenue and Other revenue in our financial statements, includes revenue streams such as TV subscription,

licensing income, programme sales, NJOI revenue and theatrical revenue

(2) YTD refers to 6 months ended 31 July

(3) Numbers may not add up due to rounding differences

(1)

YTD growth (2)

7 | 2QFY20 results

Steady ARPU in a challenging market

YTD growth

4% 4%

1H FY19 1H FY20

NB

(1) Advertising income is net of commissions and discounts

(2) YTD refers to 6 months ended 31 July

(3) Audience measurement is provided by GfK. Share of radex is based on Astro and IPG’s estimates (with Nielsen gross adex as base) since Q3FY19, prior to

which share of radex is based on internal estimates.

(4) Viewership share is based on DTAM deployed by Kantar. Share of TV adex is based on Astro and IPG’s estimates (with Nielsen gross adex as base) since

Q3FY19, prior to which share of TV adex is based on Astro and Group M’s estimates.

(5) Malaysia gross adex figures (covering TV, print, radio, cinema, in store media, outdoor and digital) are based on Nielsen gross adex and IPG’s estimates

(6) Numbers may not add up due to rounding differences

41% 44%

1H FY19 1H FY20

7.0 10.1

1H FY19 1H FY20

80 80100 107

80 86

63 69

64

73

56 60

8 12

14

16

9

12 151

161

178

196

145 158

1Q FY19 2Q FY19 3Q FY19 4Q FY19 1Q FY20 2Q FY20

TV Radio Digital Total

16.9 16.7

1H FY19 1H FY20

Outperforming industry adexAdvertising income (RM mn)

(2)(1)

Total Malaysia

gross ADEX YTD

growth

OVERALL ADEX

-5%

DIGITAL

+13%

RADIO

-17%

TV

-7%

(2)(5)

77%

75%

1H FY19 1H FY20

74% 80%

1H FY19 1H FY20

Share of radex

Share of TV adex

Radio listeners (mn) (3)

TV viewership share (4)

-3%

Share of digital adex

Avg monthly unique

visitors (mn)

8 | 2QFY20 results

75%

-12%

+4%

+7%

352

602418 429 343 375

665

693

663 737

609 596

35%

20%

34%

28%

36% 35%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

0

500

1000

1500

2000

1Q FY19 2Q FY19 3Q FY19 4Q FY19 1Q FY20 2Q FY20

EBITDA margin

Content cost/TV

revenue

Other expenses

Content costs

Relentless focus on operational efficienciesTotal cost

NB

(1) Content costs are disclosed as part of cost of sales in our financial statements

(2) Other expenses include marketing and distribution costs, administrative expenses, STB installation and smartcard costs, depreciation and

amortisation, as well as maintenance costs

(3) Higher content cost due to 2018 FIFA World Cup in Q2FY19

(4) Normalised EBITDA margin of 34% excluding one-off employee separation scheme cost in Q4FY19

(5) Numbers may not add up due to rounding differences

30% 48% 34% 36%

9 | 2QFY20 results

(RM mn)

1,017

1,295

1,0811,166

(3)

(4)

952

31% 35%

971

NB

(1) Data presented are for 3 months ended 30 April

(2) Numbers may not add up due to rounding differences

Disciplined capex spend

as % of

revenue

(RM mn)

88 64

3%

3%

1H FY19 1H FY20

as % of

revenue

Key capex investments in FY20 include:

▪ Technology infrastructure

▪ Customer experience

▪ Product and service upgrading

Cash capex

▪ STBs/ODUs are owned by Astro, and are capitalised

▪ STBs/ODUs are conservatively amortised over 3 years;

note that actual useful life is typically greater than 5

years

▪ Discretionary 36 month bullet payment vendor financing

is available for Astro for STB/ODU purchases

▪ RM575mn of vendor financing recorded in payables, of

which RM251mn is current and RM324mn is non-current

63 77

2%

3%

1H FY19 1H FY20

10 | 2QFY20 results

(RM mn)Set-top box (STB) capex

Strong cash generation capabilities

929 825

238

228

691 597

Cash fromoperations

Cash frominvesting

Free cash flow Cash fromoperations

Cash frominvesting

Free cash flow(2) (3) (3)(2)

362% 173%as % of PATAMI

(RM mn)

1H FY19 1H FY20

Free cash flow

…enabling significant flexibility on capital management and dividend policy

NB

(1) Data presented are for 6 months ended 31 July

(2) Excludes investments, disposals and maturities of unit trust and money market funds

(3) Excludes repayments of vendor financing and payments of finance leases, which are categorised as cash from

financing for consistency with Bursa disclosure

(4) Numbers may not add up due to rounding differences

11 | 2QFY20 results

▪ Leveraging on invested capital, AMH continues to be highly cash generative

▪ The Board of Directors of AMH has declared a quarterly dividend of 2.0 sen per share for 2Q FY20

▪ Quarterly dividend entitlement and payment dates 30 September 2019 and 11 October 2019 respectively

Quarterly dividend announcement

12 | 2QFY20 results

Strengthen Core Business

FY20 Key Focus Areas

13 | 2QFY20 results

PREMIUM

• Reinvigorate Customer

Experience

• Reset Customer Service

• Refresh Content

• Reward Customers

Activate NJOI prepaid

buys with more

content options and

easier purchasing Commerce

Strategic OTT partnerships

Leverage data for

addressable TV advertising

Broadband

Driving Value

FREEMIUM

DTH IPTV

Value and convenience with broadband bundles

Content delivery

through Internet

Protocol (IP)

Content delivery

through satellite

(Direct-to-home)

Higher speeds of up to 100mbps introduced across both

DTH and IPTV bundles

• Driving OD viewing via connected boxes and Astro GO

• Over 50,000 OD shows for customers to enjoy

Broadband & …

14 | 2QFY20 results

15 | 2QFY20 results

Entertainment for everyone

Local vernacular International

SportsRegional

Championing local vernacular

content that is gaining in popularity

• Box office: BoBoiBoy Movie 2,

Sangkar, Wira

• Key signature IPs: Curi-curi Cinta,

Setelah Terlafaznya Akad, Evening

Edition

Fresh regional content

• Strategic partnership with iQIYI –

China’s No. 1 streaming platform

bringing up to 28 hours of fresh

Chinese content weekly

Home of live sports

• Live coverage of all matches of

2019/20 Premier League

• Live coverage of Rugby World Cup

2019 on Astro SuperSport

Best and latest international content

• Strategic partnership with HBO to

launch HBO GO app exclusively in

Malaysia, adding over 3,000 hours of

HBO content to our library

Boboiboy Movie 2

Local movies continue to outperform

16 | 2QFY20 results

First Malaysian

animated film released

in five countries

simultaneously across

Malaysia, Singapore,

Indonesia, Brunei and

Vietnam

Sangkar

Malaysia’s first ever

Mixed Martial Arts film

Released across

cinemas in Malaysia,

Brunei and Singapore

GBO:

RM29mn and counting

GBO:

RM9mn and counting

Malaysia’s all-time highest

grossing animated moviebeating all Hollywood animation

Released across 134 cinemas

on 29 August 2019 in Malaysia, Singapore and Brunei

17 | 2QFY20 results

Gempak is now on TV

• Driven by popular demand, Gempak – the No.1 digital

entertainment brand in Malaysia is now available on TV

• Gempak TV features popular Gempak’s digital

infotainment, news, content, gossips and viral topics on

live TV

• Engaging digital natives and the millennials across both

platforms

2.5 mDigital views(1)

910kTV viewership (1)

NB

(1) Data presented for 6 months ended 31 July

18 | 2QFY20 results

• Launched world’s first iQIYI branded linear

channel

• Over 28 hours of fresh content weekly including

Same Day as China titles in HD

• Available on TV, OD and Astro GO

Enriching Chinese content choice

Engaging the young

19 | 2QFY20 results

Omar & Hana cements Telkomsel deal

• Elevating our relationship with Indonesia’s

Telkomsel through production and distribution of

content IPs

• Our faith-inspired singalong kids IP is now licensed

to Telkomsel’s video streaming app, MAXstream

Didi & Friends first ever live theatre

Experience @ Quill City Mall

• 9 live ticketed shows over 4 days

• Attended by over 9,000 concert-goers

7.7mnunique viewers watched

Kisah Omar & Hana since its TV premiere in April 2019

7.9mnunique viewers watched

Cerita-Cerita Didi & Friends S2since its TV premiere in March 2019

A fresh new experience on Astro GO

20 | 2QFY20 results

New Astro experience launched on Astro GO in July 2019

Features include:

• Personalised recommendations based on users’ content preference

• Enhanced search capabilities

• Content centric categorisation for better content discovery

Coming to TV screens soon

Rewarding Astro Pay customers

21 | 2QFY20 results

Exclusive for Astro Pay customers:

• First dibs on money-can’t-buy

experiences

• Priority booking and exclusive

discounts for popular concert

tickets and event passes

• Lifestyle deals including travel,

wellness, beauty, sports

NJOI: Our freemium proposition

22 | 2QFY20 results

• Contract-free featuring 29 free TV channels including all free-

to-air channels

• Offering a wide selection of prepaid channels including kids,

learning, movies, news, sports and vernacular titles allowing

customers the flexibility to purchase premium content when

desired

FREEMIUM

29 free TV

channels

>30 NJOI prepaid

channels for

purchase

20free radio

channels

Radio: Winning the trust of Malaysians

23 | 2QFY20 results

Radio (64%)in terms of Authenticity

Radio (61%)in terms of Trustworthiness

2. TV (55%)

3. Newspaper/Magazines (31%)

4. Online (29%)

2. TV (58%)

3. Newspaper/Magazines (40%)

4. Online (32%)

NB (1) 2018 GfK Radio Insights Malaysia, Peninsular Malaysia among aged 15 to 49 years with a sample size of 1,000

in every

language

weekly

listeners

16.7million

radex

share

80%Malaysians trust radio the most

(1)

Multilanguage

radio brands

11

Radio: Solidifying our reach with Syok

24 | 2QFY20 results

NB

(1) Based on average three months (May-July 2019), Radio Active, Google Analytics

(2) Audience measurement provided by GfK

Launched in June, Syok aggregates all our

radio brands under one roof and serves a

comprehensive selection of podcast, original

videos and live radio for all your

entertainment needs.

Reaching over

80% (2)

Average monthly

unique streaming

users

3.1 million

(1)

Average monthly

streaming

sessions

13 million

(1)

Average monthly

web users

6.5 million

(1)

of Malaysiansacross all age groups

Available across

all platforms:

Revenue (1)

(RM mn)

Go Shop: Integrating into Malaysians’ daily lives

25 | 2QFY20 results

177 174

YTD FY19 YTD FY20

• Expanded celebrity-anchored programmes, differentiating Go Shop from other

commerce platforms

• Greater engagement and relevance to customers through lifestyle centric programmes

including sharing of local recipes by celebrity chefs and festive promotions

NB

(1) Data presented for 6 months ended 31 July

(2) Cumulative as of 31 July

Revenue(1) (RM mn)

1.5

1.9

YTD FY19 YTD FY20

Registered Customers(2) (’000)

Contributing to the local community

26 | 2QFY20 results

Lifelong

Learning

Environment

Sports

Community

Development

Championing local sports

Participants underwent the Astro Kem

Badminton KL Intensive Training

Programme here in KL on Aug 2019,

moving closer to realising their

dreams of training overseas with the

renowned Nippon Badminton

Association (NBA) in Tokyo, Japan.

Over 2000 players participated in the

2019 Astro Kem Badminton selection

camps

Tutor TV – Malaysia’s first and only

dedicated exam revision channel

• Refreshed content to keep pace

with changes in curriculum and

syllabus to aid Malaysian students

in their daily studies and exam

revisions

• Available on both Astro and NJOI

Appendix

(RM mn) 1H FY19 1H FY20

EBITDA 750 881

Margin % 28% 36%

Depreciation and amortisation (329) (328)

EBIT 421 553

Margin % 15% 22%

Finance income 20 13

Finance cost (178) (119)

Share of post tax results from investments 1 0

PBT 264 447

Tax expense (76) (110)

Tax rate % 29% 25%

PAT 189 337

PATAMI 191 346

Margin % 7% 14%

Normalised PATAMI 225 353

Margin % 8% 14%

NB

(1) Depreciation and amortisation excludes

the amortisation of film library and

programme rights which is expensed as

part of content costs (cost of sales)

(2) Normalised PATAMI excludes post-tax

impact of unrealised forex gain/(loss)

1HFY20: (RM 7mn), 1HFY19: (RM 34mn)

due to mark-to-market revaluation of

transponder-related finance lease

liabilities

(3) Numbers may not add up due to rounding

differences

(2)

(1)

PAT reconciliation

28 | 2QFY20 results

(RM mn) FY19 1H FY20

Non-current assets 4,718 4,572

Property, plant and equipment 2,233 2,154

Other non-current assets 2,485 2,418

Current assets 1,542 1,789

Receivables and prepayments 818 669

Cash and bank balances(1) 632 1,031

Other current assets 92 89

6,260 6,361

(RM mn) FY19 1H FY20

Non-current liabilities 3,601 3,696

Payables 412 324

Borrowings 3,096 3,281

Other non-current liabilities 93 91

Current liabilities 1,980 1,823

Payables 1,467 1,283

Borrowings 475 471

Other current liabilities 38 69

Shareholders’ equity 679 841

6,260 6,361

Net debt / LTM EBITDA: 1.6x

NB

(1) Includes money market unit trusts

(2) Numbers may not add up due to rounding differences

Balance sheet overview

29 | 2QFY20 results

1,588

615

307

831

411

2QFY20

Total borrowings:

RM3,752mn*

Debt profile

RM term loan

Finance lease

(primarily

satellite

transponders)

▪ As at 31 July 2019, outstanding principal stood at USD99mn

▪ First drawdown date was on 8 June 2011, amortised repayment schedule with final maturity date on 8 June

2021. Average life: 7 years

▪ Fully hedged via cross currency interest rate swap at an exchange rate of USD/RM3.0189 and an all-in interest

rate of 4.19% p.a.

▪ The twelfth principal repayment of USD24.75mn (RM74.72mn) paid on 10 June 2019 and next repayment (of the

same amount) will be paid on 9 December 2019

▪ As at 31 July, total outstanding principal stood at RM830mn

▪ A total of RM150mn out of the RM830mn has amortised repayment schedule with final maturity date on 19 May

2021(Average life: 7 years), at a floating rate (based on cost of funds) of 4.86% p.a. The twelfth principal

repayment of RM37.5mn paid on 21 May 2019 and next repayment (of the same amount) will be paid on 19

November 2019.

▪ Finance lease related to lease of Ku-band transponders on MEASAT-3, MEASAT-3A and MEASAT-3B. Payment

arrangement for the remaining contractual years for M3 and M3A have been redenominated into Ringgit at

USD/RM3.0445 w.e.f. 21 May 2013. The unhedged portion of the finance lease related to M3B is USD169mn

▪ Effective interest rate: 6.2%, 4.6%, 12.5% and 5.6% p.a. for M3, M3-T11, M3A and M3B respectively, average

life: 15 years

Unrated MTN

▪ The first series of notes under the unrated medium-term notes (MTN) programme of up to RM3.0bn in nominal

value of up to 15-year tenor was issued on 10 August 2017. The issuance was for RM300mn with a 5-year tenor

at fixed rate of 5.30% p.a. with semi-annual coupon payment

▪ Bullet repayment on 10 August 2022

30 | 2QFY20 results

Synthetic

Foreign

Currency

Loan (SFCL)

▪ The USD150mn SFCL facility of 4 years 11 months tenor amounted to RM612.7mn upon conversion at the

agreed exchange rate of USD/RM4.0850

▪ Drawn in 2 tranches of RM306.4mn each on 29 December 2017 and 28 February 2018 respectively, at a fixed

rate of 4.80% p.a. with quarterly interest payment

▪ Bullet repayment on 29 November 2022

USD term loan

▪ The RM380mn is a term loan facility with a 5-year tenor secured and fully drawn down on 23 August 2018, at a

fixed rate of 5.18% p.a. with quarterly interest payment. Repayment will be in 2 tranches i.e. RM50mn on 23

February 2023 and RM330mn on 23 August 2023

▪ The balance RM300mn is a term loan with a 5-year tenor secured on 28 December 2018.

▪ Drawn down in 2 tranches of RM50mn on 28 March 2019 and RM250mn on 28 June 2019. Floating rate facility

(based on cost of funds) of 4.95% as at 31 July 2019, with quarterly interest payment. Repayment will be in

5 equal semi-annual installments, commencing 36 months from the first drawdown i.e. 28 March 2022

*Includes accrued interest of RM18.6mn

and net of debt issuance costs of

RM5.3mn. USD term loan converted at

quarter end rate of USD/RM4.1270

Thank you

astro.com.my