Time Dotcom Bhd. · MYX:TIMECOM
Time Dotcom Bhd — Shareholder Meeting (June 2022)
32 slides from Time Dotcom Bhd's shareholder meeting presentation, Jun 15, 2022
Slide 1: 25th Annual General Meeting, 15 June 2022
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: 2021: Sustained Growth in a Challenging Landscape
2021: SUSTAINED GROWTH IN A CHALLENGING LANDSCAPE Operating Environment Network Expansion Data Centre Expansion • Challenges in tightly regulated • Continued growth of our • Opening of Phase 1 of environment coupled with domestic fibre coverage to cater purpose-built data centre AIMS continuation of
Slide 4: 2021: Sustained Growth in a Challenging Landscape
2021: SUSTAINED GROWTH IN A CHALLENGING LANDSCAPE Strong Revenue Solid Greater Capital & Balance Growth and Profitability Financial Position Sheet Efficiency Focus • Strong Group revenue growth • Solid balance sheet with 6% • Renewed focus on optimising YoY of 14% to reach RM1,396 higher total asset
Slide 5: Business Review
BUSINESS REVIEW TI=
Slide 6: Domestic Network
DOMESTIC NETWORK • Higher demand for broadband translated into a steady increase in new customer acquisitions and package upgrades • Continued to lead the market in cost- competitive products catering to market needs and demands • Continued to strengthen network infrastructure and expand coverage fo
Slide 7: Global Network
GLOBAL NETWORK • TIME continues to maximise its international submarine cable capacity whilst leveraging on its regional ecosystem and product innovation to deliver flexible, secure, reliable and cost-effective solutions to customers 7
Slide 8: Data Centre
DATA CENTRE • Total data centre space increased by 35% to 111,640 sq ft • Phase 1 of AIMS Cyberjaya began operations in July 2021 Net Lettable Area in Sq Ft Data Centre Locations as at FYE 2021 Menara AIMS, Kuala Lumpur 61,420 Cyberjaya 43,200 Others 7,020 Total 111,640 • Access of up to 50,408 sq f
Slide 9: ASEAN
ASEAN • Revenue and earnings remain on an uptrend, supporting TIME’s regional diversification strategy • Contribution of 6% to Group’s profit or RM23.9 million in FY2021 • Continued expansion of TIME’s presence in Thailand, Cambodia and Vietnam enables the development of multiple income streams whil
Slide 10: Financial Review
FINANCIAL REVIEW TI=
Slide 11: 2021 Performance Summary
2021 PERFORMANCE SUMMARY Financial Performance FY2020 FY2021 YoY% In RM’ million N2 Revenue 1,223.2 1,396.4 +14% EBITDA 567.1 689.2 +22% Adjusted EBITDA 590.3 672.6 +14% N1 Profit Before Taxation (PBT) 423.1 532.7 +26% Adjusted PBT 443.2 515.7 +16% Profit After Taxation (PAT) 326.9 396.8 +21% N1 Adj
Slide 12: Revenue: TIME Group
REVENUE: TIME GROUP YoY +14%, CR +13% 1,396.4 331.3 347.2 346.8 371.1 1,223.2 25.3 13.4 5.6 10.4 1.5 1,217.6 1,371.1 336.8 357.7 329.8 Q1-21 Q2-21 Q3-21 Q4-21 FY2020 FY2021 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 +5%, CR +5% YoY +87%, CR +78% YoY -6%, CR -19% 1,042.9 996.5 1.1 284.5 4.6 152.1 15.4 71.0 66.5 991.9 1,041.8 1.0 269.1 8.8 151.1 57.7 FY2020 FY2021 FY2020 FY2021 FY2020 FY2021 One-off non-recurring contracts Data, Data Centre, Voice and Others CR: Core
Slide 14: Revenue: By Segment
REVENUE: BY SEGMENT WHOLESALE ENTERPRISE RETAIL YoY -1%, CR -5% YoY +26%, CR +26% YoY +26%, CR +27% 68.7 72.2 FY2020 FY2021 FY2020 FY2021 FY2020 FY2021 One-off non-recurring contracts Data, Data Centre, Voice and Others CR: Core revenues 14
Slide 15: Capital Expenditure
CAPITAL EXPENDITURE Capex Breakdown Breakdown of Telco Assets and Data Centre Assets 7.6 • 3% 11.4 • 5% 59.6 • 25% 261.5 60.3 • 25% 245.8 98.0 87.5 30.9 • 13% 21.6 7.2 FY2020 FY2021 27.2 • 11% 239.9 238.6 141.9 151.1 7.5 • 3% 143.5 • 61% FY2020 FY2021 130.5 • 54% Telco Assets Non-Telco Assets Submar
Slide 16: Outlook & Priorities
OUTLOOK & PRIORITIES TI=
Slide 17: Fortifying Our Commitment to Sustainability
FORTIFYING OUR COMMITMENT TO SUSTAINABILITY TIME commits to: Moving Forward Sustainably Integrating Integrating Fostering a Minimising the Ensuring Reviewing, sustainability into sustainability sustainability sustainability involvement reporting, and the Group’s considerations culture within the imp
Slide 18: Outlook & Priorities for 2022 and Beyond
OUTLOOK & PRIORITIES FOR 2022 AND BEYOND • Cautiously optimistic of growth prospects with the reopening of the nation as Malaysia transitions into endemicity Sustaining operational • Network availability and stability and employee/stakeholder resilience wellbeing remains priority and capturing busin
Slide 19: MSWG: Operational and Financial Matters
MSWG OPERATIONAL AND FINANCIAL MATTERS
Slide 20: Question 1
QUESTION 1 The Group’s commitment to delivering high-speed, highly reliable and consistent Internet services contributed to the strong revenue growth from the Retail segment in FY2021. The Group’s recognition as Malaysia’s Most Consistent Broadband Provider based on analysis by Ookla® of Speedtest I
Slide 21: Question 1 (Cont'd)
QUESTION 1 (CONT’D) a) How fast and reliable is TIME’s Internet speed and services as compared to its peers? What other competitive advantages does it have over its peers? TIME’s Internet services are rated as the fastest and most consistent in Malaysia, as measured independently by Ookla’s Speed Sc
Slide 22: Question 1 (Cont'd)
QUESTION 1 (CONT’D) b) What are the main criteria for the Group to be recognised as Malaysia’s Most Consistent Broadband Provider? Ookla’s main criteria for Consistency Scores are the percentage of customer data samples that meet minimum thresholds for upload and download speed, in this case, 25Mbps
Slide 23: Question 2
QUESTION 2 Healthy demand for data centre and data products driven by ongoing digitalisation in the Enterprise segment augmented revenue growth for the Group. The addition of AVM Cloud offerings into the Group’s cloud solutions also drove the increase in revenue. (page 10 of AR 2021) What competitiv
Slide 24: Question 3
QUESTION 3 On the back of expedited digitalisation trends and various other developments, TIME’s data centre operations continued to experience robust, double-digit growth. (page 11 of AR 2021) Is the robust, double-digit growth sustainable in FY 2022 and going forward? We do not provide forward-loo
Slide 25: Question 4
QUESTION 4 Overall, demand for data centre and related services, which included cloud solutions from AVM Cloud, grew by 87% in FY2021, year-on-year. With the first phase of the new Cyberjaya facility starting its operation in Q3 2021, the Group’s total net lettable area has increased by 35% to reach
Slide 26: Question 5
QUESTION 5 The continued expansion of TIME’s presence in Thailand, Cambodia and Vietnam enables the continued development of multiple income streams while entrenching the Group as a regional telco player. (page 11 of AR 2021) Which among the countries has the best performance and growth (please prov
Slide 27: Question 6
QUESTION 6 Revenue from all core product groups posted an increase with the exception of the voice product group. All core customer segments except the Wholesale segment, contributed positively to overall revenue growth in FY2021. (page 11 of AR 2021) Why did the voice product group and Wholesale se
Slide 28: Question 7
QUESTION 7 Other income grew significantly from RM578,000 in FY 2020 to RM20.133 million in FY 2021. (page 87 of AR 2021) What are the major components registering huge increases and why? Are the increases sustainable? Other income grew by RM19.6 million mainly contributed by net forex gain of RM19.
Slide 29: MSWG: Corporate Governance Matters
MSWG CORPORATE GOVERNANCE MATTERS
Slide 30: Question 1
QUESTION 1 Encik Afzal Abdul Rahim, the Chief Executive Officer (Non-Independent, Executive Director) also currently sits on the Boards of CIMB Group Holdings Berhad, Symphony Communication Public Company Limited, CMC Telecommunication Infrastructure Corporation, Megawisra Investments Limited, Megaw
Slide 31: Question 1 (Cont'd)
QUESTION 1 (CONT’D) Both Symphony Communication Public Company Limited and CMC Telecommunication Infrastructure Corporation are associate companies of TIME, and hence time spent with these companies is of direct benefit to the Group. Megawisra Investments Limited, Megawisra Sdn Bhd, Global Transit I
Slide 32: Should you have any queries, please contact
Should you have any queries, please contact: investor.relations@time.com.my