Astro Malaysia Holdings Bhd. · MYX:ASTRO

Astro Malaysia Holdings Bhd — Q1 FY2014 Earnings Presentation

22 slides from Astro Malaysia Holdings Bhd's earnings presentation, Jun 12, 2013

  1. Slide 1: 1st quarter FY14 results

    1st quarter FY14 results 12th June 2013

  2. Slide 2: Disclaimer

    Disclaimer This document contains certain forward-looking statements with respect to Astro Malaysia Holdings Berhad’s (“Astro”) financial condition, results of operations and business, and management’s strategy, plans and objectives for Astro. These statements include, without limitation, those that

  3. Slide 3: Strong start to FY14

    Strong start to FY14 47% to 53% Revenue +14% GROW HH penetration RM986mn to RM1.13bn RM90.3 to RM94.2 ARPU 64% on HD Launched Astro Value Packs, EBITDA +11% LEAD Chakravarthy pack, IPTV powered by RM342mn to RM381mn Maxis & AOTG International 24% to 29% TV adex Adex +21% MONETIZE 53% Radex RM95mn to

  4. Slide 4: Q1 FY14 snapshot — executing on growth strategy

    Q1 FY14 snapshot — executing on growth strategy Highlights FY13 FY14 Growth TV households (000s)(1) 6,613 6,794 3% TV household penetration(2) 47% 53% 6pp TV household penetration (000s) 3,123 3,580 15% Pay TV households (000s) 3,109 3,316 7% NJOI households (000s) 14 264 1786% Pay TV gross adds (00

  5. Slide 5: Strong customer and ARPU growth whilst maintaining global best in class churn levels

    Strong customer and ARPU growth whilst maintaining global best in class churn levels Residential customers (000s) ARPU (RM) Pay-TV NJOI 94.2 92.3 93.2 209 264 91.8 14 91 132 90.3 89.0 3,166 3,213 3,276 3,316 3,067 3,108 4QFY12 1QFY13 2QFY13 3QFY13 4QFY13 1QFY14 4QFY12 1QFY13 2QFY13 3QFY13 4QFY13 1QF

  6. Slide 6: Take-up of value-added products and services highlights continued success of Astro B.yond swapout strategy

    Take-up of value-added products and services highlights continued success of Astro B.yond swapout strategy (000s) (000s) 67% 67% 68% 65% 64% 64% 343 Penetration 299 1,264 1,397 227 1,081 1,151 174 772 926 83 103 4QFY12 1QFY13 2QFY13 3QFY13 4QFY13 1QFY14 4QFY12 1QFY13 2QFY13 3QFY13 4QFY13 1QFY14 Mult

  7. Slide 7: Continuing to entertain with choice, value and convenience

    Continuing to entertain with choice, value and convenience 169 & VALUEPACK Superpack Valuepack (000s) 35 Chakravarthy pack  Premium pack for the Indian community total channels  133k take-up as at Q1 FY14 29 348 404 452 650 727 784 HD channels 4QFY12 1QFY13 2QFY13 3QFY13 4QFY13 1QFY14 Astro Supers

  8. Slide 8: Engaging viewers across multiple platforms – OME2

    Engaging viewers across multiple platforms – OME2 RESULTS 2.5 mil Top 3 32K* #3 Trending Topic 467k fans 9.4 mil views 3,857 RM 1.55 mil (31/3 – 5/5) (18/3 – 5/5) (+11,816) (+22%) (+15%) Followers sponsorship TVIQ (1.99m) Unique Visitors 52k followers 26k subscribers Mustika HD (552k) 2 mil reach (h

  9. Slide 9: No.1 spot on Saturday 9pm-10pm. Peak viewership of 735k

    No.1 spot on Saturday Astro Gempak monthly average of 440k unique Peak viewership of 735k 9pm-10pm. page views on Fear Factor for the debut season TV MEDIA VALUE SOCIAL 800K MEDIA Views WEBSITE Over RM5.5 million SEARCH RESULTS “Fear Factor Selebriti” 1.3 million RADIO CINEMA Over 50K fans in KL, Ku

  10. Slide 10: Launched Astro B.yond IPTV powered by Maxis

    Launched Astro B.yond IPTV powered by Maxis – offering the best of content, broadband, variety and value Packages for IPTV powered by Maxis Key features Astro Select for IPTV powered by Maxis  Highly compelling value proposition for customers with significant savings offered  10 HD channels  Excl

  11. Slide 11: Adex continues to outperform the industry

    Adex continues to outperform the industry Adex revenue (RM mn) Share of radex Radio listeners (mn) TV Radio Others 53% 53% +21% 12.9 140 142 12.3 1 2 126 125 3 2 115 59 2 57 95 FY13 FY14 FY13 FY14 53 1 55 49 44 Astro TV Share of TV adex viewership share 29% 44% 82 81 70 68 64 50 24% 41% 4QFY12 1QFY1

  12. Slide 12: Leading in corporate responsibility

    Leading in corporate responsibility Set new Guinness World Records title for the Longest Underwater Cleanup at the Tunku Abdul Rahman Marine Park in Kota Kinabalu, Sabah Astro Kasih divers collected >3 tonnes of marine debris 11 | 1QFY14 results

  13. Slide 13: Increasing value proposition underpins double digit year on year growth

    Increasing value proposition underpins double digit year on year growth Total revenue (RM mn) YoY growth 1,079 1,131 1,125 14% 1,036 1,070 987 32 39 77% 29 37 59 49 13% 53 57 55 81 64 30% 53 22 68 44 82 70 50 Other Radio TV adex TV subscription 902 919 959 973 12% 860 871 4QFY12 1QFY13 2QFY13 3QFY13

  14. Slide 14: Operating expenses will peak in FY14 as we focus on reinvesting for growth

    Operating expenses will peak in FY14 as we focus on reinvesting for growth Total operating expenditure (RM mn) Continuous investment in content offerings 33% 33% 33% 31% 34% 32% to provide an enriching experience for our Content cost as % of TV revenue customers whilst managing content costs within

  15. Slide 15: Disciplined capex to drive growth; peaks in FY15

    Disciplined capex to drive growth; peaks in FY15 Cash capex (RM mn) STBs capitalised (RM mn) as % of 5% 6% as % of 13% 20% revenue revenue 70 4 44 4 5 26 1 13 230 26 35 126 FY13 FY14 FY13 FY14 Revenue growth Expansion  STB capex will peak in FY14 as we complete the Astro Operational efficiencies Ca

  16. Slide 16: Consistently strong free cash generation exceeds PAT…

    Consistently strong free cash generation exceeds PAT… Free cash flow (RM mn) as % of PAT 153% 163% (55) (89) (58) (51) 302 325 189 185 Cash from Cash from Cash from Free cash Cash from Cash from Cash from Free cash operations investing financing flow operations investing financing flow FY13 FY14 FY1

  17. Slide 17: Quarterly dividend announcement

    Quarterly dividend announcement  Leveraging on invested capital, AMH will continue to be highly cash generative enabling the adoption of a progressive dividend policy  AMH Board of Directors is pleased to declare a quarterly dividend of 2.0 sen per share  Entitlement and payment dates: 28 June /

  18. Slide 18: Appendix

    Appendix

  19. Slide 19: PAT reconciliation

    PAT reconciliation (RM mn) FY13 FY14 EBITDA 342 381 D&A (124) (189) Higher depreciation and amortisation primarily due to depreciation of B.yond EBIT 218 192 STBs Finance income 23 25 Finance cost (69) (60) Share of post tax results from investments 1 1 PBT 173 158 Tax expense (49) (44) Tax rate % 2

  20. Slide 20: Group balance sheet overview

    Group balance sheet overview (RM mn) FY13 FY14 (RM mn) FY13 FY14 Non-current assets 3,670 4,104 Non-current liabilities 4,294 4,555 Property, plant and equipment 1,714 2,029 Payables 402 850 Other non-current assets 1,956 2,075 Borrowings 3,660 3,525 Other non-current liabilities 232 180 Current ass

  21. Slide 21: Debt profile

    Debt profile Total borrowings (RM mn) Details of borrowings  US dollar term loan of US$330mn swapped into Ringgit (RM1.0bn), fully Finance lease RM term loan USD term loan drawn on 10 June 2011 USD term  10 year tenor, maturing on 8 June 2021 loan  Back ended amortization schedule, with average l

  22. Slide 22: Thank you

    Thank you Go Beyond

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