Ooredoo Q.p.s.c · QSE:ORDS
Ooredoo Q.p.s.c — Ooredoo — Merger or Acquisition (September 2021)
18 slides from Ooredoo Q.p.s.c's merger presentation, Sep 17, 2021
Slide 1: Stronger together – Creating a new world class digital telco for Indonesia
Stronger together – Creating a new world class digital telco for Indonesia September 2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Ooredoo Q.P.S.C. and its subsidiaries (collectively, “Ooredoo”) and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Ooredoo. This presentation is being issued for informat
Slide 3: Today's presenters
Today’s presenters Aziz Aluthman Vikram Sinha Fakhroo Director & Chief Operating Managing Director of Officer of Indosat Ooredoo Ooredoo Group Stronger together – Creating a new world class digital telco for Indonesia | 17 September 2021 | 3
Slide 4: Merger of Indosat and H3I – creating a stronger No. 2 telco in Indonesia
Merger of Indosat and H3I – creating a stronger No. 2 telco in Indonesia Indosat Ooredoo Hutchison Strategic partnership between Ooredoo Q.P.S.C. (“OG”) and CK Hutchison (“CKH”) with combined pre-synergy implied enterprise value of c.US$6.0bn1 Building a new Indonesian world class digital telco
Slide 5: Compelling value creation for shareholders
Compelling value creation for shareholders Significant synergy Technology and network Non-network Highly complementary networks Increased reach of combined brands and channels Opex and lease savings: decommissioning of Leveraging best practices of both to increase duplicated sites (c.25-30%
Slide 6: Transaction overview
Transaction overview Combination by way of legal merger, all stock transaction The surviving company (“MergeCo”) will be named as Indosat Ooredoo Hutchison and will remain listed on the Structure Indonesian Stock Market Indosat Ooredoo Hutchison will issue new shares to H3I shareholders Valuat
Slide 7: Pro Forma shareholding structure of Indosat Ooredoo Hutchison
Pro Forma shareholding structure of Indosat Ooredoo Hutchison Current shareholding structure Post-merger shareholding structure 50.0% 50.0% 100% Ooredoo Government of Government Public / PT TTI Ooredoo Asia Public PT TTI Hutchison Asia Indonesia of Indonesia 65.6%1 9.6%1 24.7%1 65.0% 14.3% 20.7% 67.
Slide 8: OG financial impact
OG financial impact Following the transaction, OG will transition from owning a 65% shareholding in Indosat Ooredoo to owning a 33% of MergeCo This will change the status of MergeCo such that Indosat Ooredoo’s financials will no longer be consolidated into the Group and MergeCo will become a joi
Slide 9: Merger is aligned with OG's Active Portfolio Management strategy
Merger is aligned with OG’s Active Portfolio Management strategy OG intends to operate as top two player in each of its markets Growth Optimal scale to pursue new areas of growth and development in an advancing digital economy (B2B, ecommerce and data services) Dividend potential Sustainable pro
Slide 10: The merger is beneficial for customers, shareholders and Indonesia
The merger is beneficial for customers, shareholders and Indonesia Market consolidation is favourable for the telecom sector Stronger No. 2 player in Indonesia with more competitive scale Accelerate digital innovation and service quality for customers Compelling value creation via significant synerg
Slide 11: Market consolidation is favourable for the telecom sector
Market consolidation is favourable for the telecom sector Current market challenges Potential benefits of consolidation High capex intensity Better profitability drives future expansion Large number of players in the market More sustainable market structure Fragmentation of spectrum Efficient alloca
Slide 12: Stronger No. 2 player in Indonesia with more competitive scale
Stronger No. 2 player in Indonesia with more competitive scale Standalone Pro-forma 1,944 981 2,926 (US$mm) Revenue LTM 1Q2021 LTM 1Q20211 LTM 1Q2021 842 432 1,273 EBITDA (US$mm) 43.3% 44.0% 43.5% LTM 1Q2021 LTM 1Q20211 LTM 1Q2021 Note: Assumed FX (USD / IDR) of 14,785; financials presented are pre-
Slide 13: Accelerate digital innovation and service quality for customers
Accelerate digital innovation and service quality for customers Accelerating digital Indonesia vision and supporting Industry 4.0. Indonesia has taken important steps toward fulfilling its digital ambitions The government has launched a number of initiatives to help power digitization, including
Slide 14: Q&A
Q&A | |
Slide 15: Appendix
Appendix | |
Slide 16: Attractiveness of the Indonesian market
Attractiveness of the Indonesian market 1 Largest South East Asia population with over 270mm 2 More than 100mm population is within the 20-40 years bracket (productive age) 3 95% + of data access through cellular technology 4 345mm mobile connections in Indonesia in January 2021 5 Mobile penetration
Slide 17: Experienced leadership
Experienced leadership Vikram Sinha Nicky Lee Director & Chief Operating Officer Chief Financial Officer of Hutchison 3 of Indosat Ooredoo Indonesia Mr. Vikram Sinha was appointed as the Director & Chief Operating Lee Chi Hung, Nicky has served as the Chief Financial Officer of PT Officer of Ind
Slide 18: Thank you
Thank you Connect with us on: ooredoo.com / indosatooredoo.com IR@ooredoo.com / Investor@indosatooredoo.com