Pt Xlsmart Telecom Sejahtera Tbk · IDX:EXCL
Pt Xlsmart Telecom Sejahtera Tbk — XL Axiata — Q3 2022 Earnings Presentation
18 slides from Pt Xlsmart Telecom Sejahtera Tbk's earnings presentation, November 2022
Slide 1: Corporate Presentation for the Quarter Ended 30 Sept 2022
» XL axitata PT. XL Axiata Tbk. Corporate Presentation For the Quarter Ended 30°: Sépt 2022
Slide 2: Disclaimer
Disclaimer The following presentation contain statements about future events and expectations that are forward-looking statements by the management of PT XL Axiata Tbk. (“XL Axiata”) (“Company”), relating to financial trends for future periods, compared to the results for previous periods, character
Slide 3: 9M 22 Key Highlights
9M 22 Key Highlights 9% 95% 32% IDR3Tn Solid 9% Revenue growth YoY with Network Expansion with Advance Strong Convergence Drive Oversubscribed Bonds Issuance 17% NPATAMI growth YoY Technology XL is the only operator that grew not Optimalization of spectrum Convergence continue to exceed Successful A
Slide 4: 9M 22 Updates
9M 22 Updates • Fixed broadband market demands: Low penetration of household fixed broadband provide high growth • Competition: Rational environment continue with potentials both on consumer and enterprise increased price generally maintained industry-wide. segment for telco operator. • Consumption:
Slide 5: XL Linknet Synergy Update
XL Linknet Synergy Update • XL-Link collaborative product launched Oct Revenue Synergy 20th, 2022. • Optimalization in backbone, submarine, and Cost Synergy fiber development. • Adapting analytics to combine and sharpened Operation Synergy distribution channel and sales. • Join roll out plan. XL Axi
Slide 6: Financials
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Slide 7: Financial Performance
Financial Performance XL Axiata continue its strong momentum in 3Q 22 with 9% YoY increase in revenue; 5% YoY increase in EBITDA and 17% YoY increase in NPATAMI. Total Revenue (IDR bn) EBITDA (IDR bn) PATAMI & NPATAMI (IDR bn)* +9% +5% PATAMI NPATAMI +17% 21,620 10,377 19,805 9,906 +21% -31% 1,907 1
Slide 8: Operating Expenses
Operating Expenses YoY Operating expenses increase due to: +14% +3% +13% 11,218 • Increased investment in Sales and 3,772 3,878 9,895 257 Marketing to strengthen our digital 3,408 78 239 strategy 93 3,374 90 1,128 1,147 3,179 • Interconnection and other direct 1,072 expenses increased YoY due to 3,0
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Slide 10: Data Revenue
Data Revenue Data revenue grew 9% YoY in 9M 22 driven by price increases and data traffic growth at 26% YoY Data & Digital services Revenue (IDR bn) Total Traffic (PB) +9% +3% +9% 19,713 +19% +3% +26% 6,643 6,846 18,092 6,290 2,046 5,885 1,983 1,722 4,685 Q3 21 Q2 22 Q3 22 9M 21 9M 22 Q3 21 Q2 22 Q3
Slide 11: Customers
Customers Higher YoY subscribers with higher blended ARPU indicating a healthy customer development as we are focusing on quality customers. Subscribers (mn) ARPU (IDR k) 4G subscribers (%) 3.2ppt 1.4ppt 58.0 57.2 57.4 105 107 89.0% 90.9% 92.2% 97 96 97 56.7 55.8 55.9 39 40 38 37 36 36 38 38 35 37 1
Slide 12: Base Stations
Base Stations Network expansion continues with total 4G BTS now above 90k. Spectrum usage optimization progressing well with 3G BTS now less than 2k. BTS count 4G & 2G 3G BTS shut down progress +33% 145,478 90,174 109,449 -95% 53,911 53,513 89,085 69,903 75,350 43,908 53,055 39,296 55,304 36,054 36,
Slide 13: Financials
Slide 14: Cash Flow
Cash Flow Higher FCF due to healthy cash generation as we collected higher receipts from customers. FCF (IDR bn) Capitalized Capex (IDR bn) -1% +14% 4,057 6,356 6,320 3,550 9M 21 9M 22 9M 21 9M 22 07/11/2022 XL Axiata Public 14
Slide 15: Balance Sheet
Balance Sheet Increased Gearing Ratios post Linknet Acquisition and Bonds Issuance, Focused on Right Issuance to deleverage target completion in 4Q 22 Gross & Net Debt (IDR bn) Gearing Ratios (x) +54% +55% 3.20 2.78 16,075 2.62 2.34 10,350 10,310 6,680 1.16 0.78 0.75 0.51 9M 21 9M 22 9M 21 9M 22 Gro
Slide 16: Borrowings Profile
Borrowings Profile No USD denominated debt with 70% floating and manageable debt repayments over the next 2 years. We are currently in the process of Right Issuance to further manage our borrowing profile. We continue to maintain triple-A* credit rating. Borrowings Profile Maturities (IDR bn) Fixed
Slide 17: FY22 Consolidated Guidance
FY22 Consolidated Guidance • Revenue Growth: At least In-line with or higher than market • EBITDA Margins: ~50% • Capex: ~Rp9.0tn. XL Axiata Public 17
Slide 18: Thank You
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