COMPANY UPDATE & FINANCIAL HIGHLIGHTS · 2017. 11. 30. · 9,151 9,994 2012 20122011 635 881 556...
Transcript of 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
28th Annual General Meeting
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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:
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Headline KPI
FY2012 Achievement
Stronger Revenue Growth
5% 9%
Normalised EBITDA Margin
32% 32%
Higher Customer Satisfaction Index 72 >72
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TM Provides Amongst Highest Return to Shareholders
1 For the period since demerger (25/4/2008 to 6/5/2013)
1 2 3
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Source: Bloomberg
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Dividend payout exceeded RM700mn in 2012
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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
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+2.8%
+9.2%
2012 2011
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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
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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%
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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%
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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
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Awards & Recognition
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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)
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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
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REFERENCES
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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
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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
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2 1
1
Source: Bloomberg
Comparison of Total Return to Shareholders (TRS) with Local Telcos
TM 28h AGM 7 May 2013
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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
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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
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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*
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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
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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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