Slide 1: Annual General Meeting 15 June 2023
ANNUAL GENERAL MEETING 15 June 2023
Slide 2: Disclaimer
AGM 2023 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 uncertainties which may c
Slide 3: The Format of Time's Financial Numbers and the Contents of this Presentation
The Format of Time’s Financial Numbers and the Contents of this Presentation AGM 2023 Before we proceed, we wish to highlight the following: • As at 31 December 2022, the announced divestment of stakes in AIMS Data Centre Holdings Sdn Bhd and AIMS Thailand were disclosed as discontinued operations s
Slide 4: A Look Back At 2022
A Look Back At 2022 AGM 2023 • Nation poised for transition to a digital economy through accelerated network deployment and digitalisation • Higher demand for cloud and digital services from customers • Sustained growth by strong demand and customer retention Operating Environment • Needs of custome
Slide 5: Time's Brand Revitalisation
Time’s Brand Revitalisation AGM 2023 Since the beginning, Time has focused on its superfast fibre optic cable as the heart of its offerings. Time helped customers get more out of their communications, to get the reliability & value they’ve always wanted, or never knew they needed 5
Slide 6: Time's Brand Revitalisation (Cont.)
Time’s Brand Revitalisation (Cont.) AGM 2023 Now, with the new brand revamp, Time is on a mission to become Malaysia’s most helpful brand, by meeting what customers really want - great service, value, speed and stability, with radical transparency, fuss- free flexibility, network superiority and lea
Slide 7: Supercharging AIMS' Regional Expansion
Supercharging AIMS’ Regional Expansion AGM 2023 • Time believes the strategic partnership with DigitalBridge will accelerate AIMS’ growth in under-served markets across ASEAN, particularly in the highly connected, ecosystem-centric data centre segments • The exercise was completed on 20 April 2023 w
Slide 8: 2022 Group Performance: Solid Growth Underpinned by Strong Demand
2022 Group Performance: Solid Growth Underpinned by Strong Demand AGM 2023 Strong Revenue Solid Greater Capital & Growth and Profitability Financial Position Balance Sheet Efficiency Focus • Revenue growth YoY of 13% to • Solid profitability as well as • Solid balance sheet with total RM1.6 billion
Slide 9: Business Review
BUSiNESS REViEW 9
Slide 10: Domestic Network
Domestic Network AGM 2023 • Strong demand for high quality broadband services translated into sustained Retail revenue growth on the back of customer acquisitions and package upgrades • Stronger network infrastructure and expanded coverage footprint - premises passed grew by 19% in FY2022 • Continue
Slide 11: Global Network
Global Network AGM 2023 The Group will continue to maximise the capacity of its international subsea cable systems while it continues with its network virtualisation efforts to keep up with shifting market needs. 11
Slide 12: ASEAN
ASEAN AGM 2023 • Revenue and earnings remain healthy with resilient demand • Contribution of 5% or RM23.0 million to Group’s profit in FY2022 • Continued to leverage Time’s regional ecosystem to meet customers’ increasing demand for bandwidth which continues to support Time’s business growth and exp
Slide 13: Financial Review
FiNANCiAL REViEW 13
Slide 14: 2022: Performance Summary
2022: Performance Summary AGM 2023 RM’ million FY2021 FY2022 YoY% Revenue 1,396.4 1,575.8 +13% EBITDA 689.2 758.1 +10% Adjusted EBITDA 672.6 734.4 +9% PBT 532.7 577.1 +8% Adjusted PBT 515.7 553.2 +7% PAT 396.8 453.6 +14% Adjusted PAT 379.8 429.7 +13% 14
Slide 15: Revenue: Time Group
Revenue: Time Group AGM 2023 Sustained double-digit revenue growth YoY driven by data and data centre products YoY +13%, CR +12% 369.4 373.6 407.6 425.3 1,396.4 1,575.8 20.6 22.2 45.2 1.7 0.7 25.3 367.7 372.9 385.4 404.7 1,530.6 1,371.1 Q1-22 Q2-22 Q3-22 Q4-22 YTD Dec 21 FY2021 YTD Dec 22 FY2022 One
Slide 16: Revenue: By Product
Revenue: By Product AGM 2023 Strong growth in data and data centre revenues on the back of resilient demand across all core customer groups DATA DATA CENTRE VOICE YTD +14%, CR +13% YTD +16%, CR +10% YTD -20%, CR -7% 1,042.9 1,189.8 12.9 284.5 329.7 66.5 53.5 1.1 32.3 15.4 8.8 1,041.8 1,176.9 297. 57
Slide 17: Revenue: By Segment
Revenue: By Segment AGM 2023 Healthy growth across all core customer groups, with Retail recording strongest increase WHOLESALE ENTERPRISE RETAIL YTD +10%, CR +10% YTD +5%, CR +3% YTD +27%, CR +25% FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 One-off non-recurring contracts Data, Data Centre, Voice and
Slide 18: Capital Expenditure
Capital Expenditure AGM 2023 Capex Breakdown Breakdown of Telco Assets and Data Centre Assets 407.6 7.6 10.3 115.0 3% 3% 60.3 84.4 245.8 25% 26% 83.6 FY2021 FY2022 87.5 143.5 238.6 324.0 198.7 7.2 61% 27.2 62% 30.6 11% 9% 209.0 151.1 YTD Dec 21 YTD Dec 22 FY2021 FY2022 Submarine and its related asse
Slide 19: Sustainability
SUSTAINABILITY 19
Slide 20: Sustainability
Sustainability AGM 2023 Time continues to strengthen its approach to sustainability, anchored on its 5 key pillars • MEF 3.0 SD-WAN certified network • 440 hours spent on various CSR • Malaysia’s Most Consistent Broadband programmes Provider by Ookla® for Q1-Q4 2022 • More than RM1.3 million in corp
Slide 21: Outlook & Priorities
OUTLOOK & PRiORiTiES 21
Slide 22: Outlook & Priorities
Outlook & Priorities AGM 2023 • Continue to strengthen network quality and expansion of footprint to meet demand Continued Focus • Focus on product and service innovation, enhancing overall on Execution customer experience • Vigilance on external risks and impact on operations as well as competitive
Slide 23: Questions from MSWG: Operational & Financial Matters
QUESTIONS FROM MSWG Operational & Financial Matters 23
Slide 24: Question 1
Question 1 AGM 2023 Time boldly launched the Time Fibre Home 2Gbps plan, the first and only plan of its kind in Malaysia, alongside the unveiling of Time’s revitalised brand on 7 October 2022. This was a timely move made to accommodate its growing retail business as well as in anticipation of market
Slide 25: Question 2
Question 2 AGM 2023 In line with government aspirations for a digital-first nation, Time has continued to expand its coverage footprint to reach more Malaysians. In fact, it introduced its Pakej MyKabel in November 2022, targeted to customers located at Program Perumahan Rakyat (“PPR”) locations, of
Slide 26: Answer 2 (con't)
Answer 2 (con’t) AGM 2023 B. As for our Pakej MyKabel, we are making good progress by rolling out to 12 PPRs thus far, and are planning to expand further in stages (in Penang, Selangor, KL and Johor). Our Pakej MyKabel is available at the following locations: 1) PPR Kampung Melayu (Penang) 7) PPR De
Slide 27: Question 3
Question 3 AGM 2023 Time has also made strides in its regional data centre ambitions in the form of a strategic partnership with affiliates of DigitalBridge for the Group’s AIMS data centre business as announced in November 2022. It was a carefully considered decision that will allow Time to capture
Slide 28: Answer 3 (con't)
Answer 3 (con’t) AGM 2023 B. DigitalBridge is one of the world’s largest digital infrastructure firms investing across five key digital infrastructure verticals: data centres, macro cell towers, fibre networks, small cells, and edge infrastructure. DigitalBridge has ~1 gigawatt of leasing capacity a
Slide 29: Question 4
Question 4 AGM 2023 Robust demand, especially for data and cloud services from the Retail and Enterprise customer segments, should persist given the increasing momentum stemming from digitalisation efforts in the country. (page 8 of AR 2022) A. What are the expected demand growth rates for data and
Slide 30: Question 5
Question 5 AGM 2023 The impairment losses relate entirely to trade receivables. There were no impairments in relation to outstanding trade balances due from related parties and associates. (page 152 of AR 2022) Why was there such a substantial increase in allowance for impairment losses? Has any imp
Slide 31: Answer 5
Answer 5 AGM 2023 The impairment on trade receivables was recognised based on our credit policy and loss allowance for expected credit losses. Malaysian Financial Reporting Standards requires impairment on trade receivables to be assessed based on forward looking basis which is a shift from pure inc
Slide 32: Question 6
Question 6 AGM 2023 On 7 January 2021, the Group acquired 600,000 ordinary shares representing 60% of the equity interest in AVM Cloud Sdn. Bhd. (“AVM”). AVM and its subsidiaries are involved in the development and sale of computer software and provide information technology services. In the 12 mont
Slide 33: Questions from MSWG: Sustainability Matters
QUESTIONS FROM MSWG Sustainability Matters 33
Slide 34: Question 1
Question 1 AGM 2023 Regular employee communication is also essential in feeling the pulse of employees and in providing them a conduit to air their views and concerns if any. These cumulatively have enabled Time to attain continued high employee satisfaction levels and thereby maintain relatively lo
Slide 35: Answer 1 (con't)
Answer 1 (con’t) AGM 2023 We have enhanced the employee benefits, including but not limited to medical benefits but also expanded to health & fitness benefits. In 2023, we will continue to expand on employee benefits and embark on mental health awareness to support employee wellbeing. In continuatio
Slide 36: Thank You
THANK YOU