Slide 1: Results 2Q 2015
Results 2Q 2015 15 J uly 2015 MaxisONE Share Too Good Not to Share Now you can share all the great benefits of MaxisONE plen. Share your unlimited talk, unlimited text, plus any amount of data with anyone. Start Sharing Today SY maxis
Slide 2: Good performance despite GST impact and more price focused competition
Good performance despite GST impact and more price focused competition • Continued to strengthen operating and financial performance by strong customer propositions and high performing network • Prepaid impacted by GST freebies; underlying prepaid and core postpaid stable • Year-on-year service reve
Slide 3: Year-on-year revenue growth intact; quarterly trend mainly impacted by GST
Year-on-year revenue growth intact; quarterly trend mainly impacted by GST Service Revenue (RM mn) • Continued to grow revenue generating QoQ +0.6% 0.0% +2.2% +1.6% -1.6% subscribers YoY -4.1% -3.7% -0.7% +4.4% +2.2% - Added 1.3 million RGS* since 1Q14 - +49k RGS QoQ • GST freebies impact ~RM50 mill
Slide 4: Prepaid usage impacted by GST freebies
Prepaid usage impacted by GST freebies Prepaid RGS Prepaid Revenue 40 40 (RM mn) 39 38 QoQ +0.3% +2.2% +1.4% +4.5% -3.5% 36 YoY -7.2% -6.0% -0.1% +8.7% +4.4% 8,992 9,068 8,656 7,903 8,120 1,052 1,007 1,015 993 972 2Q14 3Q14 4Q14 1Q15 2Q15 2Q14 3Q14 4Q14 1Q15 2Q15 ARPU (RM/mth) • Subscriber acquisiti
Slide 5: MaxisONE Plan attracts high quality subscribers
MaxisONE Plan attracts high quality subscribers Postpaid RGS Postpaid Revenue (RGS ex-WBB) (RM mn) 98 98 97 96 QoQ +0.2% -2.4% +2.4% -1.3% +0.2% 95 YoY -5.8% -8.8% -2.3% -1.2% -1.2% 2,809 2,823 2,796 2,781 2,786 986 985 962 972 974 2Q14 3Q14 4Q14 1Q15 2Q15 2Q14 3Q14 4Q14 1Q15 2Q15 ARPU (RM/mth) • Co
Slide 6: Surfing and streaming driving data consumption
Surfing and streaming driving data consumption Data Volume by Technology Mobile Internet Users LTE Device Data Usage Smart-phone Penetration 45 42 8,800 9,000 9,100 2,037 40 36 1,613 35 32 7,600 7,500 1,240 30 27 959 1,537 824 25 23 1,350 1,393 1,295 72% 73% 20 1,146 67% 67% 64% 15 1,191 10 1,007 63
Slide 7: Investment focus on 4G LTE network leadership and best customer experience
Investment focus on 4G LTE network leadership and best customer experience Capex Network Population Coverage 25.0% 2Q14 2Q15 16.3% 12.3% 7.4% 6.8% 2G 95% 95% 3G 86% 88% 530 337 LTE 20% 41% 260 155 146 2G & 3G Modernisatio 64% 81% 2Q14 3Q14 4Q14 1Q15 2Q15 Capex (RM mn) Capex/Sales (%) n • LTE expansi
Slide 8: Underlying EBITDA stable; 1Q impacted by forex
Underlying EBITDA stable; 1Q impacted by forex EBITDA Cost Development RM mn / % of Revenue 52.2% 51.8% 52.2% 996 995 1,123 1,102 1,009 48.7% 47.1% 8.9% 7.6% 6.2% 8.2% 6.4% 5.5% 5.8% 5.5% 3.2% 5.4% 4.8% 5.2% 5.7% 4.7% 5.2% 1,086 1,070 1,101 1,047 33.2% 1,000 31.3% 31.6% 32.8% 30.8% 2Q14 3Q14 4Q14 1Q
Slide 9: Profit After Tax lifted by higher EBITDA
Profit After Tax lifted by higher EBITDA Profit After Tax Accelerated Depreciation Profit After Tax Margin RM mn 23.0% 23.9% 23.0% 21.2% 19.7% 113 494 485 480 455 60 57 57 56 419 2Q14 3Q14 4Q14 1Q15 2Q15 2Q14 3Q14 4Q14 1Q15 2Q15 PAT (RM PAT Margin (%) mn) • 2Q PAT in-line with higher EBITDA in the q
Slide 10: FY2015 Priorities (unchanged)
FY2015 Priorities (unchanged) 1 Accelerate data adoption and monetisation 2 Commitment to superior network and service experience 3 Re-shape distribution/retail network 4 Continuous focus on operational efficiency and excellence 1010
Slide 11: FY2015 Outlook (unchanged)
FY2015 Outlook (unchanged) • Service revenue growth at low single digits • EBITDA at similar level to FY2014 • Base capex spend ~RM1.1 billion 11 11
Slide 12: Start Sharing Today
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Slide 13: Thank you
thank you Maxis Fibre Internet Double your internet speed at home for the full experience.
Slide 14: Disclaimer
Disclaimer -looking statements. Forward-looking statements can be identified by the use of forward- Forward-looking statements made in this presentation involve known and unknown risks, uncertainties and other factors which may cause actual future performance, outcomes and results to differ material
Slide 15: Appendices
APPENDICES 1515
Slide 16: Important definitions/notations
Important definitions/notations • Service Revenue: Group revenue excluding device & hubbing revenues • EBITDA margin on Service Revenue: EBITDA that has been adjusted for costs solely related to the provision of service revenue defined above • Normalised EBITDA margin: Normalised for one-off items i
Slide 17: Consolidated Income Statement
Consolidated Income Statement Reporte Reporte QoQ Normalised Normalised QoQ RM mn d d chg 1Q15 2Q15 chg 1Q15 2Q15 REVENUE 2,149 2,110 -1.8% 2,149 2,110 -1.8% Direct Exp (713) (650) (713) (650) Indirect Exp (389) (359) (389) (359) Total Opex (1,102) (1,009) -8.4% (1,102) (1,009) -8.4% EBITDA 1,047 1,
Slide 18: Cash Flow Statement
Cash Flow Statement RM mn 2Q14 3Q14 4Q14 1Q15 2Q15 RM mn 1Q15 2Q15 Cash flow from operating 1,178 1,146 1,336 856 841 Debt# 8,723 9,569 activities Cash 1,335 1,557 Cash flow used in investing Net Debt 7,388 8,012 activities (91) (389) (597) (256) (398) Purchase of property, plant & Total Equity 4,54
Slide 19: Key Financial Data
Key Financial Data REVENUE BREAKDOWN (RM mn) 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 Total Revenue 2,327 2,294 2,239 2,224 2,119 2,082 2,065 2,123 2,149 2,110 - Service 2,143 2,136 2,127 2,108 2,037 2,049 2,049 2,094 2,127 2,094 - Mobile 2,066 2,062 2,051 2,024 1,953 1,958 1,954 1,992 2,02
Slide 20: Key Financial Data
Key Financial Data REPORTED - FINANCIALS (RM mn) 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 Total Revenue 2,327 2,294 2,239 2,224 2,119 2,082 2,065 2,123 2,149 2,110 Total Expenses 1,205 1,129 1,187 1,253 1,046 996 995 1,123 1,102 1,009 - Direct 801 787 738 763 707 652 652 696 713 650 - Indir
Slide 21: Key Financial Data
Key Financial Data NORMALISED - FINANCIALS (RM mn) 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 Total Revenue 2,327 2,294 2,239 2,224 2,119 2,082 2,065 2,123 2,149 2,110 Total Expenses 1,205 1,129 1,085 1,143 1,046 1,018 995 1,123 1,102 1,009 - Direct 801 787 738 759 707 652 652 696 713 650 - I
Slide 22: Key Operational Data
Key Operational Data CUSTOMERS (Market Definition) 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 Mobile Subs 14,136 13,873 13,213 12,893 12,602 12,401 12,415 12,913 13,260 13,269 - Prepaid 10,780 10,497 9,845 9,528 9,238 9,042 9,081 9,624 9,979 10,051 - Postpaid 3,356 3,376 3,368 3,365 3,364 3,3
Slide 23: Key Operational Data
Key Operational Data CUSTOMERS (RGS30) 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 Mobile Subs 11,532 11,310 11,003 11,048 11,076 11,146 11,338 11,864 12,192 12,214 - Prepaid 8,289 8,054 7,759 7,797 7,822 7,903 8,120 8,656 8,992 9,068 - Postpaid 2,634 2,664 2,683 2,721 2,749 2,781 2,786 2,809