Time Dotcom Bhd. · MYX:TIMECOM
Time Dotcom Bhd — Shareholder Meeting (June 2024)
30 slides from Time Dotcom Bhd's shareholder meeting presentation, June 2024
Slide 1: 27th Annual General Meeting
time TH “NNUAL ENERAL EETING
Slide 2: Disclaimer
27th Annual General Meeting 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 a future period. These forward-looking statements involve known and unknown risks and uncert
Slide 3: 2023 Year in Review
27th Annual General Meeting 2023 Year in Review • Recorded robust demand for core data and connectivity offerings • Generated solid revenue and profit growth from all customer segments • Completed strategic partnership for AIMS data centre business to spur regional growth • Established a solar compa
Slide 4: 2023 Group Performance
27th Annual General Meeting 2023 Group Performance Sustained Momentum with Healthy Growth and Profitability Growth and Solid Margins Balance Sheet Strength & Returns to Shareholders Return on Assets • 9% revenue growth, reaching • RM1.53 billion cash balance as of • Total dividend payout of 85.8 sen
Slide 5: 2023 Business Review
27th Annual General Meeting 2023 Business Review Continued commitment to innovation and enhancing customer experience Domestic Network Global Network Associates & Jointly Controlled Entity • Expanded network coverage to 1.54 • Maintained exposure to ongoing • Benefitted from regional million premise
Slide 6: Venturing into Renewable Energy
27th Annual General Meeting Venturing into Renewable Energy Time Energy Sdn Bhd Charge N Go Sdn Bhd • Solar Made Simple through subscription model for • Charging Made Easy solar panels • Provision of EV charging facilities for residential areas • Savings from Day 1 in offsetting electricity bill • D
Slide 7: Financial Review
27th Annual General Meeting FiNANCiAL REViEW 7
Slide 8: 2023: Time Group Performance Summary
27th Annual General Meeting 2023: Time Group Performance Summary Revenue Adjusted EBITDA Adjusted Profit After Tax YTD YTD YTD +9% +6% +7% 1,591.0 1,454.8 668.4 402.9 628.9 375.6 FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 Notes: 1) For FY2023, Time Group reported EBITDA was RM567.3 mil; whilst Profit
Slide 9: Revenue: By Product
27th Annual General Meeting Revenue: By Product Strong growth in data driven by resilient demand across all core customer groups DATA CLOUD & OTHER SOLUTIONS VOICE YTD +14%, CR +14% YTD -11%, CR -14% YTD -6%, CR -6% 1,189.8 1,353.0 209.0 8.4 185.1 12.9 8.0 11.6 123.0 78.8 53.5 50.2 1,344.6 1,176.9 7
Slide 10: Revenue: By Segment
27th Annual General Meeting Revenue: By Segment Sustained growth across all core customer groups, with Retail recording the strongest increase WHOLESALE ENTERPRISE RETAIL YTD +3%, CR +3% YTD +7%, CR +6% YTD +19%, CR +20% FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 One-off Non-recurring Contracts CR: C
Slide 11: Capital Expenditure
27th Annual General Meeting Capital Expenditure Continued investment in network expansion Capex Breakdown Breakdown of Telco Assets 277.1 240.7 6.7 11.6 5% 13.0 9% 18.7 FY2022 FY2023 258.8 209.0 258.8 FY2023 209.0 258.8 95% 91% FY2022 FY2023 Telco Assets Non-Telco Assets Cloud and Other Services Sub
Slide 12: Sustainability
SUSTAINABILITY 12
Slide 13: Sustainability
27th Annual General Meeting Sustainability Progress on sustainability agenda, anchored on its 5 key pillars Customers Community Governance Environment People 90% RM195,000 100% 45,796kWh 80.91% Customer satisfaction score Amount invested in Completion for Generated clean energy Employee Satisfaction
Slide 14: Outlook & Priorities
OUTLOOK & PRiORiTiES 14
Slide 15: Outlook & Priorities
27th Annual General Meeting Outlook & Priorities • Expand network • Continue enhancing • Remain vigilant on • Streamline Group’s coverage to meet operational efficiency external risks, organisation to sustained customer and innovation to operational impacts, strengthen core demand deliver the highes
Slide 16: Questions from MSWG: Operational & Financial Matters
QUESTIONS FROM MSWG Operational & Financial Matters
Slide 17: Question 1 Answer 1
27th Annual General Meeting Question 1 The Group underwent significant changes in FY2023, namely the completion of the AIMS transaction in April 2023, leading to the establishment of a strategic partnership with DigitalBridge that will serve to accelerate the expansion of AIMS (page 10 of Annual Rep
Slide 18: Question 2 Answer 2
27th Annual General Meeting Question 2 The Group refined its strategic direction by reinvesting half of the AIMS proceeds back into the core business with a focus on wider network expansion (page 10 of AR2023). How will Time plan to use half of the AIMS proceeds, amounting to approximately RM1.0 bil
Slide 19: Answer 2 (con't)
27th Annual General Meeting Answer 2 (con’t) Time views its core business as the provision of data connectivity services to a broad range of customer segments, mainly via its wholly-owned fibre optic network. Our utilisation of funds, as set out above in terms of capital expenditure and working capi
Slide 20: Question 3
27th Annual General Meeting Question 3 As stated on Time's official website, the Group acknowledged its lack of communication during the recent network outage on April 15, 2024, the worst in Time Internet's history, affecting about 40% of its customers. The outage was caused by Time’s Secure DNS ser
Slide 21: Answer 3 (con't)
27th Annual General Meeting Answer 3 (con’t) A. The issue was caused by a software problem in some of our DNS servers. The affected customers were promptly switched to a backup DNS system. B. Amongst the steps taken are: (i) Adjusting DNS software and settings to resolve the issues (ii) Exploring ne
Slide 22: Question 4 Answer 4
27th Annual General Meeting Question 4 The provision for tax increased significantly from RM2.9 million in FYE2022 to RM46.9 million in FYE2023 (page 112 of AR2023). What factors contributed to the substantial increase in the provision for tax? Answer 4 The increase in tax provision in FYE2023 was m
Slide 23: Question 5
27th Annual General Meeting Question 5 The Group’s trade receivables and contract assets that were credited impaired and past due by more than 120 days increased significantly from RM95.6 million in FYE2022 to RM119.4 million in FYE2023 (page 213 of AR2023). Gross Loss allowance Net Group RM’000 RM’
Slide 24: Question 5 (con't) Answer 5
27th Annual General Meeting Question 5 (con’t) A. What difficulties did the Group face in collecting trade receivables that were past due by more than 120 days, resulting in the outstanding amount increasing? B. Who are the customers in this category (past due 120 days) of the Group’s trade receivab
Slide 25: Questions from MSWG: Sustainability Matters
QUESTIONS FROM MSWG Sustainability Matters
Slide 26: Question 1 Answer 1
27th Annual General Meeting Question 1 In FY2023, the Group received seven whistleblowing reports that have since been resolved (page 43 of AR20230). Item FY2021 FY2022 FY2023 No. of Whistleblowing Reports Received 0 4 7 No. of Whistleblowing Reports Resolved 0 4 7 While it is encouraging to witness
Slide 27: Question 2 Answer 2
27th Annual General Meeting Question 2 Energy consumption within Time’s premises has seen a slight increase, with most of its workforce returning to the office in FY2023 and the expansion of office space to accommodate the business (pages 58-59 of AR2023). Given the reliability and speed of Time int
Slide 28: Question 3 Answer 3
27th Annual General Meeting Question 3 The Group took its commitment to reducing reliance on conventional energy sources a step further by offering solar panel installations to the homes of 200 employees for a period of two years to encourage a shift in mindset towards collectively reducing carbon f
Slide 29: Question 4 Answer 4
27th Annual General Meeting Question 4 Many companies are increasingly focusing on emissions reduction targets, carbon neutrality, and achieving net zero status areas due to growing awareness about climate change and the need for sustainable practices. As a large telecommunication company, what are
Slide 30: Thank You
• 27th Annual General Meeting THANK YOU