Time Dotcom Bhd. · MYX:TIMECOM
Time Dotcom Bhd — Shareholder Meeting (July 2021)
28 slides from Time Dotcom Bhd's shareholder meeting presentation, Jul 22, 2021
Slide 1: Annual General Meeting 22 July 2021
? [, TI ANNUAL GENERAL MEETING 22” JULY 2021
Slide 2: Disclaimer
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 future period. These forward looking statements involve known and unknown risks and uncertainties which may cause the ac
Slide 3: 2020: Resilience in an Unprecedented Year
2020: RESILIENCE IN AN UNPRECEDENTED YEAR COVID-19 Network Expansion Data Centre Expansion • Challenges and uncertainties • Continued growth of our • Launched data centre in in the operating landscape domestic fibre coverage to Bangkok with Movement Control Orders cater for growing demand, and • Dom
Slide 4: 2020: Resilience in an Unprecedented Year
2020: RESILIENCE IN AN UNPRECEDENTED YEAR Sustained Revenue Higher Returns to Strong Growth and Profitability Shareholders Financial Position • Sustained Group revenue • Declared interim ordinary and • Strong balance sheet with growth YoY of 10% to reach special interim (single tier) 11% higher tota
Slide 5: Business Review
BUSINESS REVIEW
Slide 6: Domestic Network
DOMESTIC NETWORK • Continued to lead the market in cost-competitive products catering to market needs and demands, given the current circumstance • Continued to strengthen network infrastructure and expand coverage footprint - premises passed grew by 23% YoY in FY2020 • Maintained position as the br
Slide 7: Global Network
GLOBAL NETWORK • Extensive reach of subsea cable systems continued to deliver strong business and operational performance, sustaining revenue growth in the face of changing market dynamics and price erosion 7
Slide 8: Data Centre
DATA CENTRE • Total data centre space increased by 6% to 82,915 sq ft, with access of up to 51,283 sq ft of additional data centre space through our associates in Thailand and Vietnam Data Centres Location (Net Lettable Area in Sq Ft as at FY 2020) Menara AIMS, Kuala Lumpur 56,945 Cyberjaya* 18,700
Slide 9: ASEAN
ASEAN • Similar trends as those experienced in Malaysia • Greater requirement for connectivity, offset by lockdowns and other movement restrictions impacting some sectors • Long-term growth trajectory still intact • AIMS @ Bangkok data centre opened in September 2020 and partnered with Bangkok Neutr
Slide 10: Financial Review
FINANCIAL REVIEW
Slide 11: 2020 Performance Summary
2020 PERFORMANCE SUMMARY Financial Performance FY 2019 FY2020 YoY% In RM’ million N2 Revenue 1,113.9 1,223.2 +10% EBITDA 479.8 567.1 +18% Adjusted EBITDA 510.0 590.3 +16% N1 Profit Before Taxation (PBT) 328.1 423.1 +29% Adjusted PBT 358.3 443.2 +24% Profit After Taxation (PAT) 314.0 326.9 +4% N1 Adj
Slide 12: Revenue: TIME Group
REVENUE: TIME GROUP YOY+10% 314.9 304.8 309.5 1.0 1,223.2 293.9 1.8 1,113.9 5.6 2.8 6.7 CR+10% 291.1 303.0 313.9 1,107.2 1,217.6 Q1-20 Q2-20 Q3-20 Q4-20 FY2019 FY2020 One-off non-recurring contracts Data, Data Centre, Voice and Others CR: Core revenues 12 Note : Numbers are in RM ‘million
Slide 13: Revenue: By Product
REVENUE: BY PRODUCT DATA DATA CENTRE VOICE YoY +11%, CR +11% YoY +9%, CR +8% YoY -2% 996.5 900.1 4.6 152.1 6.2 140.0 1.0 72.2 71.0 991.9 0.5 893.9 151.1 139.5 68.7 72.2 FY 2019 FY 2020 FY 2019 FY 2020 FY 2019 FY 2020 One-off non-recurring contracts Data, Data Centre, Voice and Others CR: Core revenu
Slide 14: Revenue: By Customer Segment
REVENUE: BY CUSTOMER SEGMENT WHOLESALE ENTERPRISE RETAIL YoY +7%, CR +8% YoY +2%, CR +2% YoY +27%, CR +26% 6.0 68.7 72.2 FY2019 FY2020 FY2019 FY2020 FY2019 FY2020 One-off non-recurring contracts Data, Data Centre, Voice and Others CR: Core revenues 14 Note : Numbers are in RM ‘million
Slide 15: Capital Expenditure
CAPITAL EXPENDITURE 267.1 Breakdown of Telco and Data Centre Assets Acquired 261.5 19.6 41.1 19.6 98.0 23.5 110.9 110.9 21.6 136.6 141.9 211.6 136.6 FY2019 FY2020 Telco Assets Non-Telco Assets Submarine Assets Other Data Centre Assets Regional Data Centre Expansion Other Telco Assets Data Centre Dat
Slide 16: Recent Developments & Outlook
RECENT DEVELOPMENTS & OUTLOOK
Slide 17: Expansion of Cloud Proposition
EXPANSION OF CLOUD PROPOSITION Completed Acquisition of 60% stake in AVM Cloud Sdn Bhd in January 2021 • AVM Cloud is one of Malaysia’s leading VMware service provider with almost 2 decades of experience in Southeast Asia • Offers extensive products ranging from public, private and hybrid cloud comp
Slide 18: Outlook & Priorities for 2021 and Beyond
OUTLOOK & PRIORITIES FOR 2021 AND BEYOND COVID-19 Pandemic: Focused Operational Strategic Priorities For Medium term Continued priorities Sustainability Continued Vigilance Priorities • External challenges • Continued operation with high • Strengthen domestic fibre network expected to persist in the
Slide 19: MSWG Operational and Financial Matters
MSWG OPERATIONAL AND FINANCIAL MATTERS
Slide 20: Question 1
QUESTION 1 The Group is fully committed to supporting JENDELA, a 5-year plan initiated by the government aimed at developing the nation’s digital infrastructure to deliver digital connectivity and elevate the quality of experience for Malaysians. (Page 7 of Annual Report (AR) 2020) What specifically
Slide 21: Question 2
QUESTION 2 TIME has also made good progress on its regional data centre expansion plans with the opening of AIMS @ Bangkok in September 2020 and the subsequent inking of a partnership between AIMS @ Bangkok and the Bangkok Neutral Internet eXchange (“BKNIX”) to enhance its regional network. (Page 7
Slide 22: Question 3
QUESTION 3 The Group continued to strengthen and improve its domestic fibre network infrastructure, whilst expanding its coverage footprint despite the various movement restrictions. (Page 10 of AR 2020) What is the Group’s plan to upgrade its fibre network capacity and length? What are the current
Slide 23: Question 4
QUESTION 4 AIMS Data Centre (“AIMS”), the Group’s data centre business and Malaysia’s leading carrier- neutral data centre service provider, continues to see high traction for its services on the back of continued growth in the over-the-top (“OTT”) customer segment. (Page 11 of AR 2020) Considering
Slide 24: Question 5
QUESTION 5 TIME posted stronger profit before tax (“PBT”) of RM423.1 million, 29% higher year-on-year (FY2019: RM328.1 million) on the back of stronger top-line performance, improved operational and cost efficiency, lower finance expenses, no provision for financial guarantees in FY2020 and increase
Slide 25: Question 5 (Cont'd)
QUESTION 5 (CONT’D) TIME posted stronger profit before tax (“PBT”) of RM423.1 million, 29% higher year-on-year (FY2019: RM328.1 million) on the back of stronger top-line performance, improved operational and cost efficiency, lower finance expenses, no provision for financial guarantees in FY2020 and
Slide 26: Question 6
QUESTION 6 The recent acquisition of a 60% stake in AVM, one of Malaysia’s leading cloud services providers, adds to the Group’s product offerings in providing a more comprehensive solution to meet its Enterprise customer requirements. (Page 18 of AR 2020) How has the cloud services contributed mean
Slide 27: Question 7
QUESTION 7 Net impairment on trade receivables increased to RM13.1 million in FY2020 from RM8.9 million in FY2019. (Page 140 of AR 2020) (a) What was the reason for the substantial increase in impairments? (b) How much of these impairments have been recovered to-date? (c) What percentage of these im
Slide 28: Thank You
THANK YOU Should you have any queries, please contact: investor.relations@time.com.my