PT Sarana Menara Nusantara Tbk · IDX:TOWR
PT Sarana Menara Nusantara Tbk — Q2 2016 Earnings Presentation
10 slides from PT Sarana Menara Nusantara Tbk's earnings presentation, 2016
Slide 1: Indonesia's Premier Tower Company: 2Q 2016 Results Presentation
PROTELINDO PT. SARANA MENARA NUSANTARA, TBK. (TOWR) Indonesia’s Premier Tower Company 2Q 2016 Results Presentation
Slide 2: Disclaimer
Disclaimer These materials have been prepared by PT Sarana Menara Nusantara, Tbk. (the “Company”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information prese
Slide 3: Agenda
Agenda Achievements Financial Results Operational Performance 2
Slide 4: Recent Achievements
Recent Achievements • Closed Purchase of XL Towers: Acquired 2,500 towers, 3,759 tenants Main Tenants: XL, H3i, Telkomsel Purchase price was IDR 3,568 Billion: IDR 3,000 Billion in new debt, IDR 568 Billion in cash Annualized revenue of IDR 497.5 Million • Closed Sale of Netherlands Towers:
Slide 5: Recent Achievements
Recent Achievements • Unwound Dutch Financial Structure Loan Changed borrower from Protelindo Finance to PT Protelindo Indonesia Bond Completed consent solicitation on USD 138.4 Million bond, changing borrower from Protelindo Finance to PT Protelindo Indonesia All terms and conditions on our
Slide 6: 2Q 2016 Financial Results
2Q 2016 Financial Results Revenue (in IDR Billions) IDR 83.9 IDR 1,252.8 IDR 96.4 7.8% IDR 1,072.5 9.0% Reported Growth of 16.8% New Lease Actual Revenue One Time 2Q16 Actual Revenue Revenue 2Q 2015 Revenue Items 2Q 2016 2Q 2016 Reported revenue grew nearly 17%. 5
Slide 7: 2Q 2016 Financial Results
2Q 2016 Financial Results EBITDA (in IDR Billions) IDR 94.7 IDR 1,108.3 IDR 110.6 10.5% IDR 903.0 12.2% Reported Growth of 22.7% New Lease Actual EBITDA One Time 2Q16 Actual EBITDA EBITDA 2Q 2015 EBITDA Items 2Q 2016 2Q 2016 • EBITDA continues to grow faster than reported revenue. • One time EBITDA
Slide 8: Tower and Tenant Growth
Tower and Tenant Growth Towers 2,644 (25) 14,775 (260) (0.2%) 14,515 12,156 (2.1%) 21.7% Reported Growth of 21.5% Proforma Growth of 19.4% Actual Towers Additional Dismantled Actual Towers NL Tower Proforma 2Q 2015 Towers Sites 2Q 2016 Sale Towers • Strong tower growth, due mostly to the addition of
Slide 9: Tower and Tenant Growth
Tower and Tenant Growth Tenants 3,861 24,726 (548) 24,178 (2.6%) 20,865 18.5% Reported Growth of 18.5% Proforma Growth of 15.9% Actual Tenants Additional Actual Tenants NL Tower Proforma 2Q 2015 Tenants 2Q 2016 Sale Tenants • Does not include 1,135 additional revenue generating leases for additional
Slide 10: Debt Profile: Post Repayment of EUR Loan
Debt Profile: Post Repayment of EUR Loan Amount Maturity Currency Amount Outstanding Outstanding Structure Date ⁽¹⁾ (in Original Currency) (in USD Millions) 1-Yr Bullet Aug 2016 IDR 196 14.9 3-Yr Bonds Feb 2017 IDR 1,000.0 75.9 7-Yr Amortizing Dec 2018 IDR 641 48.6 5-Yr Bullet Nov 2019 USD 340 340 5
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