TIME dotCom Bhd. · MYX:TIMECOM
TIME dotCom Bhd — Q2 2019 Earnings Presentation
16 slides from TIME dotCom Bhd's earnings presentation, Aug 27, 2019
Slide 1: 2Q 2019 Performance Guide
2Q 2019 Performance Guide AUG 2019 0
Slide 2: TIME Q2 2019: Highlights
TIME Q2 2019: HIGHLIGHTS Credit Retail Wholesale Enterprise Ratings • Ratings Agency Malaysia • Retail business remains • Revenue from wholesale • Revenue from enterprise (RAM) has revised the the fastest growing business grew 14% YoY business grew 13% YoY outlook on TIME’s credit customer group and
Slide 3: Revenue Trend: By Quarter
REVENUE TREND: BY QUARTER YoY = +16% RR = +16% QoQ = +6% RR = +5% 277.8 3.0 262.9 262.5 2.9 250.0 239.9 274.8 3.1 260.0 236.8 Q2 - 18 Q3 - 18 Q4 - 18 Q1 - 19 Q2 - 19 Data, Data Centre, Voice and Others One-off non-recurring contracts • Overall recurring revenues (excluding one-off non-recurring cont
Slide 4: Analysis: Quarter-on-Quarter
ANALYSIS: QUARTER-ON-QUARTER A Actual Actual As reported As reported QoQ RM'million Under MFRS 16 Under MFRS 16 Variance • Q2 2019 revenue was up 6% QoQ from Q continued growth in sales to all customer Q1 2019 Q2 2019 1 . groups, led by enterprise and retail customers REVENUE 262.5 277.8 +6% and fol
Slide 5: Analysis: Year-on-Year
ANALYSIS: YEAR-ON-YEAR A Actual • One-off non recurring data contract Actual Actual YoY MFRS 16 As reported revenue amounting RM3.0m was RM'million Pre-MFRS 16 Pre-MFRS 16 Variance adjustments under MFRS 16 recorded in Q2 2019. Q Q2 2018 Q2 2019 Q2 2019 Q2 2019 1 • One-off non-recurring data centre
Slide 6: Analysis: YTD Jun 2019
ANALYSIS: YTD JUN 2019 A Actual • One-off non-recurring data contract Actual Actual YTD MFRS 16 As reported revenue amounted to RM3.0m in YTD Jun RM'million 2019 (YTD Jun 2018: RM7.5m from Pre-MFRS 16 Pre-MFRS 16 Variance adjustments under MFRS 16 Q combination of data and data centre sales). YTD Ju
Slide 7: Update: ASEAN
UPDATE: ASEAN RM ’million VIETNAM THAILAND YTD Jun 2019 45.27% 49.00% 46.84% Revenue 147.5 N4 8.5 87.7 N3 As reported by investee Profit/(Loss) After Tax & N4 Other comprehensive 12.3 (0.2) N1 3.0 N3 Income TIME's shares in Share of Profit on proportion to its interest Investment of Associates 5.6 N
Slide 8: Performance: Q2 2019
PERFORMANCE: Q2 2019 RM ’million Q2 2019 Q1 2019 MFRS 16 Q2 2019 Q2 2018 YoY QoQ As reported As reported under MFRS16 adjustments Pre-MFRS16 Pre-MFRS16 Variance under MFRS16 Variance GROUP GROUP GROUP GROUP Revenue 277.8 0 277.8 239.9 + 16% 262.5 + 6% EBITDA 136.6 (6.4) 130.2 98.6 + 32% 108.0 + 27%
Slide 9: Performance: YTD Jun 2019
PERFORMANCE: YTD JUN 2019 RM ’million YTD Jun 2019 MFRS 16 YTD Jun 2019 YTD Jun 2018 As reported adjustments Pre -MFRS16 Pre-MFRS16 YoY under MFRS16 Revenue 540.4 0.0 540.4 470.6 + 15% EBITDA 244.6 (13.2) 231.4 192.7 + 20% Adjusted EBITDA 246.7 (13.2) 233.5 201.0 + 16% PBT 163.5 2.6 166.1 134.5 + 24
Slide 10: Revenue Growth: By Product
REVENUE GROWTH: BY PRODUCT YoY + 21% RR +20% YoY + 18% RR +19% QoQ + 7% RR +6% 211.9 227.5 439.4 187.6 198.3 206.9 3.0 371.5 3.0 4.4 224.5 436.4 367.1 Data Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 YTD Jun 18 YTD Jun 19 YoY - 7% RR + 2% YoY + 0% RR +6% QoQ + 1% RR + 1% 64.0 64.2 3.1 34.6 32.4 35.7 32.0 32.2 3.1
Slide 11: Revenue Growth: By Segment
REVENUE GROWTH: BY SEGMENT YoY +14% RR +16% YoY +16% RR +18% QoQ + 4% RR +3% Wholesale Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 YTD Jun 18 YTD Jun 19 YoY +13% RR +11% YoY +8% RR +8% QoQ + 7% RR +5% Enterprise Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 YTD Jun 18 YTD Jun 19 YoY +28% YoY + 27% QoQ +7% Retail Q2-18 Q3-18 Q4-1
Slide 12: Consolidated Cost to Revenue %
CONSOLIDATED COST TO REVENUE % • The adoption of MFRS 16 had the effect of 75.0% 71.3% 71.8% increasing overall costs in profit and loss by RM2.6m as follows: 385.5 388.1 352.8 11.4 14.6 a) lower network and other related costs/OPEX 9.7 64.7 by RM13.2m 77.3 59.2 b) increase depreciation by RM12.7m f
Slide 13: Capital Expenditure: YTD Jun 2019
CAPITAL EXPENDITURE: YTD JUN 2019 RM'million Breakdown of Telco Assets Acquired 86.5 YTD Jun 2018 YTD Jun 2019 18.4 65.3 2.8 3.6 7.7 15.8 7% 2.7 24% 40.7 1.7 62% 65.3 40.7 3% 54.9 62% 7.1 51.3 11% 93% YTD Jun 2018 YTD Jun 2019 Submarine Cable HPOE Card Upgrade Data Centre Non-Telco Assets Telco Asse
Slide 14: Moving Forward
MOVING FORWARD 1 Continue to capitalise on demand for high speed home broadband packages Expand the Group’s coverage footprint throughout Malaysia and strengthen the 2 backbone of our core domestic fibre network, whilst continuing to enhance operational and cost efficiencies within the Group Monitor
Slide 15: Disclaimer
DISCLAIMER This presentation and the discussion following may contain forward looking statements by TIME dotCom Berhad (“TIME”) related to financial, market or industry trends for future period. These forward looking statements involve known and unknown risks and uncertainties which may cause the ac
Slide 16: Thank You
Thank You Should you have any queries, please contact:: investor.relations@time.com.my TIME dotCom Berhad No.14, Jalan Majistret U1/26, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor, MALAYSIA Tel: +603-5032 6000 I Fax: +603-5032 6100 I www.time.com.my 27/8/2019