TIME dotCom

TIME dotCom
Analyst Briefing Proposed Corporate Exercise
Time dotCom Bhd
WHERE WE ARE
We are the Domestic Fixed‐Line Market Challenger
Business Turnaround Strategy
Our Progress This Far
• Historical revenue and PBT trend erratic ‐ interspersed with disposal and asset impairment exercises
• Since 2009
– Consistently EBITDA positive
– Strong operating cash flow
– First year of profits generated internally
– 5 consecutive quarters of revenue growth and earnings
First Half 2010 Performance
• 19% Growth in Comparable Revenue
• 96% Increase in EBITDA
• > 100% Increase in Operating Profit Margin
Time dotCom
PROPOSED CORPORATE EXERCISE
Our Objective
Proposed Corporate Exercise
Mapping the Exercise to Our Turnaround Strategy
Accelerating the Turnaround Plans
Time dotCom Bhd
PROPOSED ACQUISITIONS
Acquisition Overview
Purchase Consideration
Shares Issued
million
Value of Shares Issued
RM’ mil
Cash
RM’ mil
Total Purchase Value
RM’ mil
GTC
29.86
106
‐
106
GTL
14.79
52.5
52.5
105
AIMS Group
25.24
89.6
38.4
128
Total
69.89
248.1
90.9
339
Global Transit Limited (“GTL”)
GTL Background Information
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Global Transit Limited (GTL) is a 10% owner and consortium partner in the Unity North Cable System (Unity), a Trans‐Pacific system that has a designed capacity of 4.80 Tbps
GTL’s designed capacity is estimated to double with the emergence of the new 40G subsea technology
GTL offers only bulk capacity services (minimum of 10Gbps) to other telecommunications companies around the globe
It has the ability to swap and exchange capacity on other cable systems with other carriers, enabling it to offers not only Trans‐Pacific capacity but capacity on other routes and cable systems
Unity Consortium Partners
Global Transit Communications (GTC)
GTC Background Information
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GTC is the No.2 wholesale IP Transit provider in Malaysia
It is positioned as a network solutions provider where it integrates and aggregates requirements from smaller service providers, businesses and government agencies to provide end‐to‐end solutions
GTC holds the Network Service Provider’s (Individual) License in Malaysia to wholesale IP transit and related services to other service providers
It also holds an Network Facilities Provider (Individual) License for the ownership and operations of a carrier‐neutral cable landing station in Malaysia
Malaysia IP Traffic Growth (Gbps)
2,475
1,612
976
39
83
184
317
19
2006
2007
2008
2009
2010
565
2011
Total Used Bandwidth (Gbps)
Source: Telegeography
2012
2013
2014
AIMS Group of Companies
AIMS Industry Background
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Malaysia has a significant opportunity to become a world class Data Center Hub
Gartner forecast Malaysia Data Center Market to grow at 7.4% in the medium term
The Complete Picture
Time dotCom Bhd
PROPOSED CAPITAL REPAYMENT & RESTRUCTURING
Proposed Capital Repayment
• Returning excess capital to shareholders
• Taking into account •
•
Current TdC financial strength Immediate and future capital requirements and commitments
Proposed Capital Restructuring
• Reflect the true asset value of the company
• Accelerate the company to disburse dividend payout in the future
CONCLUSION
Our Future..