Asian Pay Television Trust · SGX:S7OU
Asian Pay Television Trust — Q2 2017 Earnings Presentation
10 slides from Asian Pay Television Trust's earnings presentation, Aug 14, 2017
Slide 1: June Quarter 2017 Results Presentation
JUNE QUARTER 2017 RESULTS PRESENTATION 14 August 2017
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 and EBITDA for the quarter of S$83.1 million and S$50.0 million – Distribution of 1.625 cents per unit for the quarter ended 31 March 2017 paid on 23 June 2017 – Distribution of 1.625 cents per unit declared for the quarter ended 30 June 201
Slide 5: Key Operational Metrics
KEY OPERATIONAL METRICS Higher RGUs1, ARPU2 lower but stabilising RGUs (’000) As at As at – RGUs and ARPU: 30 June 31 March 2017 2017 – Basic cable TV: RGUs were flat with ARPU lower due to a marginally lower Basic cable TV rate in one of Basic cable TV 762 762 TBC’s3 five franchise areas – Premi
Slide 6: Financial Results
FINANCIAL RESULTS Higher revenue across each of TBC’s service offerings Group1 Quarter ended Quarter ended Variance2 Half-year ended Half-year ended Variance2 30 June 30 June 30 June 30 June 2017 2016 2017 2016 S$’000 S$’000 % S$’000 S$’000 % Revenue Basic cable TV 66,179 62,257 6.3 131,929 123,960
Slide 7: Financial Position
FINANCIAL POSITION Strong balance sheet, supportive of ongoing cash flow and future growth Group As at As at – Cash and cash equivalents: Cash balance of S$72.8 30 June 31 December million 2017 2016 Assets S$’000 S$’000 – Depreciation/amortisation: Depreciation is computed on a straight-line basis o
Slide 8: Borrowings
BORROWINGS Sufficient capacity to fund future organic and inorganic growth initiatives Debt as at 30 June 2017 Total size available S$1,518.8 million Total outstanding S$1,418.3 million YTD effective interest rate 4.3% per annum Total net debt / EBITDA1 6.9x Gearing2 48.9% Interest cover c.3.4 times
Slide 9: Capital Expenditure
CAPITAL EXPENDITURE Capital expenditure to position TBC for future growth S$ million 2013 2014 2015 2016 2017 Actual Actual Actual Actual Forecast Premium digital cable TV <151 19 53 49 50 - 55 Network expansion <10 33 10 <1 - – Capital expenditure related to Premium digital cable TV during the seco
Slide 10: Outlook
OUTLOOK TBC is a stable business that is well positioned for future growth – The focus in 2017 remains on driving growth in cash flows through up-selling and cross-selling of services across TBC’s subscriber base – Total revenue for 2017 is anticipated to be influenced by a number of factors includi
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