Pt Link Net Tbk · IDX:LINK
Pt Link Net Tbk — H1 2015 Earnings Presentation
18 slides from Pt Link Net Tbk's earnings presentation, Aug 3, 2015
Slide 1: Disclosure of Information: Submission of Performance Presentation Slide (Correction)
No. Letter SB-089_/CSL-LN/BEI/VII/15 Company Name PT Link Net Tbk Stock Code LINK Attachment 1 Disclosure of Information That Should be Known by the Public - The Submission Subject of The Co pa y’s Perfor a e Prese tatio Slide (CORRECTION) Correcting our letter, number: SB-089/CSL-LN/BEI/VII/15 date
Slide 2: 1H 2015 Results Update
PT Link Net Tbk 1H 2015 Results Update August 3, 2015
Slide 3: Financial performance
Section 1 Financial performance
Slide 4: Key highlights – 1H 2015
Key highlights – 1H 2015 Delivered steady financial results and yoy growth over last 2 quarters amidst external pressures - Revenue of Rp 1,238 billion up 22% - EBITDA of Rp 715 billion up 23% - NPAT of Rp 314 billion up 13% Posted solid operating performance, further strengthening the foundation fo
Slide 5: Continued strength in our operating performance
Continued strength in our operating performance Homes Passed (‘000) RGUs (‘000) and Churn ARPU (IDR ‘000) 2.2% 2.1% 2.3% 900 1,554 402 412 415 1,489 814 0.0% 1,433 800 784 755 -100.0% 700 -200.0% 600 393 377 188 191 363 -300.0% 186 500 -400.0% 400 -500.0% 300 -600.0% 200 392 407 421 216 225 225 -700
Slide 6: Steady revenue growth in 1H 2015
Steady revenue growth in 1H 2015 Revenue (IDR bn) CORRECTION (1 H 2015) Enterprise revenue has been corrected from 139 to 163. And Residential BB from 571 to 547. Total Revenue 1H 2015 remains the same Rp 1,238 bn 1,238 30 49 1,016 30 48 447 374 638 523 30 16 163 27 15 110 231 195 58 54 548 45
Slide 7: Healthy margins maintained
Healthy margins maintained EBITDA (IDR bn) Net Profit (1) (IDR bn) 900 70% 900 70% 800 800 57.2% 57.8% 60% 60% 700 700 50% 50% 600 600 40% 500 40% 500 400 400 27.3% 30% 30% 715 25.4% 300 581 300 20% 20% 200 200 314 10% 278 10% 100 100 - 0% - 0% 1H 2014 1H 2015 1H 2014 1H 2015 EBITDA and Net profit m
Slide 8: Cash flow positive despite continued expansion
Cash flow positive despite continued expansion Capex breakdown1 (IDR bn) Net Cash with large leverage capacity5 (IDR bn) 995 45 173 777 39 328 146 646 184 27 Net Cash 168 182 777 554 452 2013 2014 1H 2015 Total Cash Total Debt Net Cash xxxxxxxxx 2 3 4 Network-related Capex CPE Capex Other Capex 1 Ca
Slide 9: Outlook and strategy
Section 2 Outlook and strategy
Slide 10: Changing macroeconomic and competitive landscape
Changing macroeconomic and competitive landscape… Slowing domestic economic growth & global concerns • Q1 2015 GDP growth was at 4.71%, weakest growth in 6 years. Economic • Indonesia’s central bank expects Q2 2015 GDP growth to remain Conditions limited, partly caused by weak consumer spending. • O
Slide 11: Our strategies to drive future growth
Our strategies to drive future growth A Expand network coverage into areas with attractive penetration potential ~ 80-85% of Revenue approximately 200K to 240K additional homes passed per annum Residential B Increase penetration in existing coverage areas C ARPU growth of around 3% to 5% per year D
Slide 12: Significant room to grow in existing cities
Significant room to grow in existing cities AB households(a) Homes passed(b) Coverage ratio (%) Greater Jakarta 3,347k 1.2m ~36% Greater 474k 252k ~53% Surabaya Bandung 238k 57k ~24% (a) AB SES households defined by Nielsen as households with monthly expenditure of ≥ IDR2.0m and assuming 4 people pe
Slide 13: Significant homes penetration upside
Significant homes penetration upside Expected penetration upside through increasing disposable income in Indonesia Link Net’s young vintages have expected penetration upside Unique broadband customers as a % of homes passed 71% 506 ~50% of total homes passed are less than 3 years old 55% Peer averag
Slide 14: Market leadership position and continued focus on strategies to support growth trajectory
Market leadership position and continued focus on strategies to support growth trajectory Accelerating structural demand for Continuous innovations to stay ahead of the game higher bandwidth broadband, as well as premium entertainment such as HD Introduction of VAS such as TV Anywhere and Video on D
Slide 15: Significant growth upside from enterprise market and advertising
Significant growth upside from enterprise market and advertising Increase penetration of large and untapped enterprise market TRIPLED DataComm customers 2000 3.1x 1500 1000 1,455 1,540 500 495 0 2011 2014 Jun-15 ... experiencing significant growth since 2011 setting stage for upside growth in Link N
Slide 16: Appendix
Appendix
Slide 17: Profit and loss summary
Profit and loss summary 6M ended June 30, (IDR bn) 1H 2014*) 1H 2015 Revenue 1,016.0 1,237.5 EBITDA 581.0 714.9 D&A (180.9) (236.8) Operating Profit 400.1 478.1 Margin % 39.4% 38.6% Finance Income 8.3 8.4 Finance Cost (20.2) (42.6) Share in Loss of Associate (15.2) (20.9) Profit Before Tax 373.0 423
Slide 18: Balance sheet summary
Balance sheet summary As at Dec 31 As at Jun 30, (IDR bn) 2014*) 2015 Current Assets Cash and Cash Equivalents 366.8 328.4 Trade Receivables1 176.8 209.7 Total Current Assets 583.2 578.0 Non-Current Assets Property, Plant and Equipment - Net 2,693.6 3,114.0 Total Non-Current Assets 3,167.9 3,558.2 T