COMPANY UPDATE & FINANCIAL HIGHLIGHTS · 2017. 11. 30. · 9,151 9,994 2012 20122011 635 881 556...

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COMPANY UPDATE & FINANCIAL HIGHLIGHTS 7 May 2013 28 th Annual General Meeting

Transcript of COMPANY UPDATE & FINANCIAL HIGHLIGHTS · 2017. 11. 30. · 9,151 9,994 2012 20122011 635 881 556...

  • COMPANY UPDATE & FINANCIAL HIGHLIGHTS

    7 May 2013

    28th Annual General Meeting

  • More than 2.1mn broadband customers in total, a growth of 7.4%

    customers grew to more than 482,000, takeup rate >35%

    FY 2012 Highlights

    Achieved all Headline KPI’s for 3rd consecutive year

    Maintained Broadband Leadership:

    2

    Headline KPI

    FY2012 Achievement

    Stronger Revenue Growth

    5% 9%

    Normalised EBITDA Margin

    32% 32%

    Higher Customer Satisfaction Index 72 >72

  • TM Provides Amongst Highest Return to Shareholders

    1 For the period since demerger (25/4/2008 to 6/5/2013)

    1 2 3

    1

    Source: Bloomberg

    3

    Dividend payout exceeded RM700mn in 2012

  • 9,151 9,994

    2012 2011

    635 881

    556

    383

    2011 2012

    Operational Non-Operational

    3,086 3,108 3,232 3,195

    Reported EBITDA

    Normalised EBITDA

    2011 2012

    Financial Highlights

    Total Revenue

    RM mn RM mn

    +38.7%

    1,191 1,264

    RM mn

    +4.7% +6.1%

    Positive growth across the board

    EBITDA PATAMI

    4

    +2.8%

    +9.2%

    2012 2011

  • Voice 44%

    Data 20%

    Internet 19%

    Others 17%

    1,653 2,001 2,372

    2010 2011 2012

    1,754 2,013 2,205

    2010 2011 2012

    3,863 3,734 3,706

    2010 2011 2012

    Voice Data Internet

    RM mn RM mn RM mn

    2012 2011

    5

    Revenue

    +18.5%

    2010

    TM 28h AGM 7 May 2013

    Strong growth in Internet and Data revenue

    Voice 41%

    Data 22%

    Internet 22%

    Others 15%

    Voice 37%

    Data 22%

    Internet 24%

    Others 17%

    +21.1% +9.5% +14.8% -0.7% -3.3%

  • 4,334 4,112 3,876

    33 237 483

    0

    1,000

    2,000

    3,000

    4,000

    5,000

    2010 2011 2012 DEL Unifi

    1,680 1,686 1,583

    33 237 483

    0

    500

    1,000

    1,500

    2,000

    2,500

    2010 2011 2012

    Streamyx Unifi Net adds (in thousand)

    Broadband and Fixed Line customers

    Total Broadband Customers

    In thousand

    In thousand

    1,713

    4,367 4,349 4,359

    +7.4%

    +210

    1,923 2,066

    +143

    UniFi continued to drive broadband growth

    Fixed Line Customers

    6 TM 28h AGM 7 May 2013

    28,771 201,842

    406,009 4,125

    34,659

    76,504

    0

    100,000

    200,000

    300,000

    400,000

    500,000

    2010 2011 2012

    UniFi Residential UniFi Business

    UniFi Customers

    In thousand

    32,896

    236,501

    482,513

    +12.3%

    +0.2% -0.4%

    +104.0% +618.9%

  • UniFi Update

    107 IPTV Channels Launched HyppTV for Business 4 HyppTV packages : Mega Pack, Platinum Pack, Ruby Pack & Sports Pack

    Delivered 1.4 mn premises covering 102 exchanges Activated more than 530,000 customers todate Gross capex spent : RM6.2bn Smart Partnerships with property developers

    7

  • Awards & Recognition

    8

    TM continued to receive local and international recognition

    16TH AND 15TH ANNUAL TELECOM ASIA

    AWARDS (2013 & 2012) • Best Broadband Carrier Telecom Asia Awards

    (2 consecutive years)

    FROST & SULLIVAN MALAYSIA EXCELLENCE

    AWARDS (2005-2012) • Service Provider of the Year (3-time winner)

    • Broadband Service Provider of the Year

    (7-time winner)

    • Data Communications Service Provider

    of the Year (8-time winner)

    • Managed Service Provider of the Year (4-

    time winner)

    TV CONNECTS INDUSTRY AWARDS 2013

    (previously IP & TV World Awards) • HyppTV for Best Live Online TV Service or

    Solution FROST & SULLIVAN ASIA PACIFIC ICT

    AWARDS 2012

    • Fixed Broadband Service Provider of the Year

    NATIONAL ANNUAL CORPORATE REPORT AWARDS (NACRA) 2012

    • Overall Excellence for Best Annual Report – Silver Award

    • Industry Excellence Award for Main Board Companies in the Trade and Service Category

    (won every year since entered NACRA)

  • Overall Operational Enhancements

    Setting the stage for Performance Improvement Programme 3.0

    2012: The Year of Customer Experience Reaching out: Front liners, Salam Mesra Customer engagement thru social media TRI*M Index score above global telco average

    Commitment as Malaysia’s Broadband Champion Enhanced Unifi Biz and Streamyx offerings

    High quality services regardless of device or technology

    MIHRM Employer of Choice Employee Engagement Index score of 90% - higher

    than global high performing companies TWP: Mindset and Work Culture change

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  • Performance Improvement Program 3.0

    • Information

    Exchange

    aspiration

    • Changing

    business

    dynamics

    Continued Growth

    Fundamental Productivity

    Shift

    Improve Institutional

    Health Drivers

    • Voice and broadband • Explore new opportunities • Best practice cost and capital

    efficiencies • Overall optimisation: network,

    processes, procurement, people.

    • Accelerate transformation into a customer-centric organisation

    • Increased focus on key customer segments

    Underlying Principles of COOL, TWP & KRISTAL Values

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  • THANK YOU

    •Investor Relations • Level 11 (South Wing) • Menara TM •Jln Pantai Bharu •50672 Kuala Lumpur, Malaysia • Tel (603) 2240 4848/ 7366 / 7388

  • REFERENCES

  • Segment Operator

    Total Return to Shareholders*

    1M 3M 12M Since demerger

    (25th Apr 08)

    Fixed

    TM 2.4% -0.7% 11.7% 208.1%

    China Telecom 1.5% -6.2% -2.8% -16.2%

    SK Telecom 6.9% 14.8% 52.5% 26.5%

    PCCW 8.2% 17.6% 44.4% 73.4%

    Tata Comm 0.5% -0.6% -3.0% -51.5%

    SK Bband 26.5% 6.8% 61.9% -39.8%

    KT 2.6% -2.8% 29.5% -3.5%

    Median 2.6% -0.6% 29.5% -3.5%

    * As at 30 April 2013 Source : Bloomberg; IR Unit Analysis

    TM Provides Amongst Highest Return to Shareholders

    Comparison against regional fixed operators

    TM 28h AGM 7 May 2013

  • TM vs. FBM KLCI TM vs. Digi

    TM vs. Maxis TM vs. Axiata

    1 For the period since demerger (25/04/2008 to 06/05/2013)

    2 For the period 18/11/2009 to 06/05/2013

    1

    2 1

    1

    Source: Bloomberg

    Comparison of Total Return to Shareholders (TRS) with Local Telcos

    TM 28h AGM 7 May 2013

  • 23.0 20.1

    16.6 17.0

    20.2 19.9

    11.7 11.6

    6.5 8.5

    6.5 6.3

    4.5 4.2 0.8 0.6

    FY11 FY12

    Bad Debt

    Marketing Expenses

    Supplies & material

    Maintenance Cost

    Other operating cost

    Manpower cost

    Direct cost

    Dep & Amortisation

    39%

    47%

    14%

    Core Access Support System

    2011 2012

    31%

    38%

    31%

    Core Access Support System

    892

    2011 2012

    RM mn

    CAPEX & OPEX

    Business As Usual (BAU)

    HSBB*

    12.4

    8.9

    Note: * gross CAPEX

    BAU Capex / Revenue

    Cost % of Revenue ¹

    Total Cost / Revenue ( %) 1 Revenue = Operating Revenue + Other Operating Income

    15

    RM mn

    RM8,313.2

    89.7%

    RM8,972.0

    88.3%

    Note: The classification of cost is as per financial reporting

    2012

    15.6 16.6

    HSBB Capex / Revenue

    2012

    1,139

    1,424 1,654

  • 31 Dec 12 31 Dec 11 31 Dec 12 31 Dec 11Return on Invested Capital 6.67% 5.81% Gross Debt to EBITDA 2.10 1.93

    Return on Equity 12.31% 8.14% Net Debt/EBITDA 0.87 0.69

    Return on Assets 5.17% 4.47% Gross Debt/ Equity 1.04 0.86

    Current Ratio 1.03 1.6 Net Debt/ Equity 0.49 0.30

    WACC 6.10% 6.33% Net Assets/Share (sen) 192.7 207.5

    7,424.0

    162.9

    10,036.1

    6,402.7

    1,541.8

    2,072.7

    18.9

    17,623.0

    7,405.8

    1,854.8

    468.4

    4,213.0

    869.6

    4,629.3

    3,552.1

    7.7

    1,069.5

    2,776.5

    14,121.7

    724.8

    17,623.0

    6,894.8

    165.2

    8,513.7

    5,130.2

    1,202.6

    2,129.4

    51.5

    15,573.7

    6,808.8

    1,740.9

    466.1

    3,738.7

    863.1

    6,622.2

    3,545.5

    2,010.2

    1,066.5

    186.6

    14,637.6

    749.5

    15,573.7

    As at 31 Dec 2012

    Shareholders’ Funds

    Non-Controlling Interests

    Deferred & Long Term Liabilities

    Long Term Borrowings

    Deferred Tax

    Deferred Income

    Derivative financial liabilities

    Current Assets

    Trade Receivables

    Other Receivables

    Cash & Bank Balances

    Others

    Current Liabilities

    Trade and Other Payables

    Short Term Borrowings

    Others

    Net Current Assets

    Property Plant & Equipment

    Other Non-Current Assets

    RM Million As at 31 Dec 2011*

    16

    Group Balance Sheet & Key Financial Ratios

    * Restated due to adoption of MFRS

    31 Dec 12 31 Dec 11*

    1

    Based on Normalised PATAMI 2

    1

    31 Dec 11* 31 Dec 12

    2

    Based on Normalised EBIT 1

  • END OF DECK

    •Investor Relations • Level 11 (South Wing) • Menara TM •Jln Pantai Bharu •50672 Kuala Lumpur, Malaysia • Tel (603) 2240 4848/ 7366 / 7388

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