Asian Pay Television Trust · SGX:S7OU
Asian Pay Television Trust — FY2017 Earnings Presentation
10 slides from Asian Pay Television Trust's earnings presentation, Feb 26, 2018
Slide 1: 2017 Full Year Results Presentation
2017 FULL YEAR RESULTS PRESENTATION 26 February 2018
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Disclaimer Asian Pay Television Trust (“APTT”) is a business trust registered under the Business Trusts Act (Chapter 31A of Singapore) and listed on the Singapore Exchange Securities Trading Limited. APTT Management Pte. Limited (“AMPL”) is the Trustee-Manager of APTT
Slide 3: Agenda
AGENDA 1 A 1. HIGHLIGHTS 2. KEY OPERATIONAL METRICS 3. FINANCIAL RESULTS 4. FINANCIAL POSITION 5. BORROWINGS 6. CAPITAL EXPENDITURE 7. OUTLOOK 2
Slide 4: Highlights
HIGHLIGHTS Performance in line with expectations – Revenue for the year of S$334.8 million, up 4.9% – EBITDA for the year of S$201.4 million, up 6.4% – Distribution of 1.625 cents per unit declared for the quarter ended 31 December 2017; distributions declared totaling 6.5 cents per unit for the yea
Slide 5: Key Operational Metrics
KEY OPERATIONAL METRICS Stable RGUs1, ARPU2 lower but stabilising RGUs (’000) As at – RGUs and ARPU: 31 December – Basic cable TV: RGUs were flat with ARPU lower mostly 2017 2016 due to a lower Basic cable TV rate in one of TBC’s3 five franchise areas Basic cable TV 762 762 – Premium digital cabl
Slide 6: Financial Results
FINANCIAL RESULTS EBITDA in line with full year forecast Group1 (S$’000) Year ended Variance2 31 December 2017 2016 % Revenue Basic cable TV 268,304 254,395 5.5 Premium digital cable TV 15,619 14,982 4.3 Broadband 50,915 49,852 2.1 Total revenue 334,838 319,229 4.9 Total operating expenses3 (133,415
Slide 7: Financial Position
FINANCIAL POSITION Strong balance sheet, supportive of ongoing cash flow and future growth Group (S$’000) As at – Cash and cash equivalents: Cash balance of S$66.8 31 December million 2017 2016 Assets – Depreciation/amortisation: Depreciation is computed on Current assets a straight-line basis over
Slide 8: Borrowings
BORROWINGS Sufficient capacity to fund future growth initiatives Group debt As at 31 December 2017 2016 Total size available S$ million 1,552 1,504 Total outstanding S$ million 1,439 1,360 YTD effective interest rate - constant dollar % per annum (“p.a.”) 3.9 4.4 YTD effective interest rate - SGD %
Slide 9: Capital Expenditure
CAPITAL EXPENDITURE Capital expenditure to position TBC for future growth – Total capital expenditure of S$85.6 million for the year was 4.3% lower than the pcp – Capital expenditure related to Premium digital cable TV for the year amounted to S$42.9 million – Analogue broadcasting switch-off and 10
Slide 10: Outlook
OUTLOOK TBC is a stable business that is well positioned for future growth – In 2018, we will continue to build on the initiatives to up-sell and cross-sell services across TBC’s subscriber base to drive growth in future cash flows – We will focus on Broadband RGU growth, in the face of competitive
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