PT Telkom Indonesia (Persero) Tbk Class B · IDX:TLKM
PT Telkom Indonesia (Persero) Tbk Class B — PT Telekomunikasi Indonesia — Investor Summit 2008
27 slides from PT Telkom Indonesia (Persero) Tbk Class B's conference presentation, 2008
Slide 1: Investor Summit Corporate Presentation
INVESTOR SUMMIT Corporate Presentation PT Telekomunikasi Indonesia Tbk. by djoko soesilo (IRCS)
Slide 2: Disclaimer
Disclaimer This document contains financial conditions and result of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements, by their
Slide 3: Content
Content A. TELKOM in Brief B. Telco Industry in Indonesia C. Share Price Performance D. Operational Performances E. Financial Performances F. Recent Developments 3
Slide 4: TELKOM Ownership and its business
TELKOM Ownership and its business… As of September 30, 2007 & 2008 Goverment Public of Indonesia Local 7.71 % Mostly US Foreign 39.85 % Investors 52.44% 48.8% Treasury Stock (480.163.000) Divisions : TLKM 65% Division : MM Regional 1-7, Fixed Metra, Indonusa, Wireless Network, SingTel 35% Division &
Slide 5: Board of Directors
Board of Directors President Director Compliance & Network Risk Solution Management Director Director Rinaldi Firmansyah Prasetio Ermady Dahlan Information Finance Technology Director & CIO Director Indra Utoyo Sudiro Asno Human Enterprise & Capital & Consumer Wholesale General Director Director Aff
Slide 6: Highly Performance Organization lead to Some Domestic and International Recognitions
Highly Performance Organization lead to Some Domestic and International Recognitions … Until September 2008 : Ranked 1 in the 2007 Annual Report Award (ARA) in BUMN Non Financial – Listed of Indonesia Ranked 1 in ISRA (Indonesia Social Responsibility Award) 2008 The best in Indonesian Financial Repo
Slide 7: Content
Content A. TELKOM in Brief B. Telco Industry in Indonesia C. Share Price Performance D. Operational Performances E. Financial Performances F. Recent Developments 7
Slide 8: Indonesia: 4th populous country with steady economic growth
Indonesia : 4th populous country with steady economic growth Population by Age Wireless Market Revenue Market Revenue 34% 31% 83 (Rp. Tr) 31% Growth (%) 67 51 24% 38 2005 2006 2007 2008E 2005 2006 2007 Economic Growth 5.32% 5.5% 6.32% Wireless market grew at 4th most populous nation 5 times economic
Slide 9: Subscribers growth shared among 11 players
Subscribers growth shared among 11 players Subscribers (millions) 178 164 151 Cellular 133 PSTN, ISDN, xDSL 116 Fixed Wireless 43 35 27 18 20 9 10 10 11 12 2008E 2009E 2010E 2011E 2012E Source: Independent Analyst Reports 11 Operators and Services FWL, Cellular, Cellular, FWA, BB Cellular FWA, BB BB
Slide 10: Content
Content A. TELKOM in Brief B. Telco Industry in Indonesia C. Share Price Performance D. Operational Performances E. Financial Performances F. Recent Developments 10
Slide 11: TELKOM as a Biggest Market Cap at IDX
TELKOM as a Biggest Market Cap at IDX Composition of TLKM’s Market Cap from Total IDX (in %) % Rp.T 12 250 10.8 10.8 10.2 9.7 9.9 9.8 10 9.4 200 8.9 8.9 197.6 8.6 194.5 186.5 8 178.4 163.3 161.3 150 159.1 155.2 6 144.1 100 108.9 4 Market Cap (%) 50 2 Market Cap (Rp.T) 0 0 Jan'08 Feb'08 Mar'08 Apr'08
Slide 12: Content
Content A. TELKOM in Brief B. Telco Industry in Indonesia C. Share Price Performance D. Operational Performances E. Financial Performances F. Recent Developments 12
Slide 13: Continued Growth in Operations
Continued Growth in Operations... As of September 30, 2007 & 2008 Cellular Fixed Wireline Fixed Wireless Data & Internet Business Business Business Business ▲36% ▲184% 60.5 593 44.5 ▲63% ▼2% 8.7 9.1 8.6 209 5.6 3Q/07 3Q/08 3Q/07 3Q/08 3Q/07 3Q/08 3Q/07 3Q/08 Cellular Subsc Fixed Wireline Subs. Fixed
Slide 14: Cellular Business
Cellular Business... As of September 30, 2007 & 2008 Increasing MoU and managing RPM Better network deployment ■ TSEL delivering price elasticity for both voice and sms ■ Growth of BTS ’07-EoY 08: 26-31% ■ Different pricing strategy for different segment will ■ 2008 total BTS will be 25 – 28K optimi
Slide 15: Fixed Line Business
Fixed Line Business As of September 30, 2007 & 2008 Total Fixed Wireline Fixed Line Business ▲24% 17.7 Fixed wireline business will focus on ▼2% 14.3 enterprise market… 8.7 8.6 ■ Despite the declining fixed-voice market revenue pool, enterprise access & connectivity market projected to grow ■ TLKM s
Slide 16: Fixed Wireless Business
Fixed Wireless Business As of September 30, 2007 & 2008 ▲90% 3,181 TELKOM Flexi Fixed Wireless Available in 321 cities with 3,181 BTS ▲63% ARPU (Blended) 1,677 Rp. 40 K 9.1 ▲32% 514 5.6 389 3Q/07 3Q/08 3Q/07 3Q/08 3Q/07 3Q/08 Fixed Wireless Subs. MoU BTS in milion in bn seconds (unit) 16
Slide 17: Broadband Internet Business
Broadband Internet Business... As of September 30, 2007 & 2008 Opportunity in Broadband … ▲184% ■ Indonesia has a huge BB market 593 ■ In 2007 TLKM Group grabbed ~70% of BB subscriber ■ Synovate/APJII estimates 2.5 million internet subscribers & 31 million users in 2010 209 Others 30% TELKOM 65% Tel
Slide 18: Content
Content A. TELKOM in Brief B. Telco Industry in Indonesia C. Share Price Performance D. Operational Performances E. Financial Performances F. Recent Developments 18
Slide 19: Financial Highlights
Financial Highlights As of September 30, 2007 & 2008 in Rp Tr. 44.6 43.6 Operating Revenues ▲2.2% EBITDA (Rp.T) ▼6.2% 27.4 27.7 Operating 26.0 23.8 Expenses ▲15.5% EBITDA Margin ▼5.2% 63.5% 58.3% 9.8 Net Income 8.9 ▼9.2% NI / Share = Rp.451.1 3Q/07 3Q/08 3Q/07 3Q/08 3Q/07 3Q/08 19 19
Slide 20: Revenues Drivers
Revenues Drivers As of September 30, 2007 & 2008 in Rp Tr. in Rp Tr. Data & Internet Speedy subscriber (▲184%) ▲2.2% ▲9.4% 43.6 44.6 18.3 Cellular MoU (▲234%) 16.7 Subscriber (▲36%) ▲5.9% Network 10.8 Leased Line Revenue (▲231%) 10.2 ▲32.4% 0.8 0.6 3Q/07 3Q/08 3Q/07 3Q/08 3Q/07 3Q/08 3Q/07 3Q/08 Dat
Slide 21: Expense Drivers
Expense Drivers As of September 30, 2007 & 2008 in Rp Tr. in Rp Tr. Operation, Maintenance ▲15.5% Depreciation & Telecom. Service 27.4 Telkomsel Network Telkomsel’s BTS (▲27%) Infrastructure Growth Telkomsel’s Capacity (▲30%) Affected in increasing 23.8 frequency fees and repair & maintenance cost f
Slide 22: Capital Expenditure
Capital Expenditure As of September 30, 2007 & 2008 CAPEX Absorption in 3Q/08 (Rp Tr) 14.8 Optimizing Legacy 10.7 New Wave Infrastructure Support 3.9 TELKOM Group Telkom Telkomsel (Unconsolidated) 22
Slide 23: Consolidated Debt
Consolidated Debt As of September 30, 2007 & 2008 Yen Euro (1%) Yen Euro (0%) 1,095 190 1,141 8% 6% USD 3,911 USD 5,132 22% 37% 54% IDR 7,434 72% IDR 12,913 3Q/2007 3Q/2008 Total Rp. 13,851 bn Total Rp. 17,964 bn TELKOM hedged its foreign currency exposures through time deposit placements, mainly in
Slide 24: Increased Positive Cash Flow
Increased Positive Cash Flow... As of September 30, 2007 & 2008 in Rp Tr. 3Q/07 3Q/08 Net Cash : Operating Activities 19.3 19.0 Investing Activities (11.3) (12.7) Financing Activities (9.7) (8.9) Net (Decrease) Increase (1.7) (2.6) in Cash and Cash Equivalents Cash and Cash Equivalent 8.3 10.1 at Be
Slide 25: Content
Content A. TELKOM in Brief B. Telco Industry in Indonesia C. Share Price Performance D. Operational Performances E. Financial Performances F. Recent Developments 25
Slide 26: Recent Developments
Recent Developments Bring world-class Pay ■ Telkom and Indonusa Telemedia joined forces with PCCW to TV Services to increase the business growth of Pay TV Services in Indonesia Indonesia ● Available on 3 service delivery platform (broadband internet, Satellite TV and mobile content) ● Will service m
Slide 27: Thank You
Thank You www.telkom-indonesia.com by djoko soesilo (IRCS)