PT Telekomunikasi Indonesia Tbk

PT Telekomunikasi Indonesia Tbk
PT Telekomunikasi Indonesia Tbk
Full Year 2014 Results
Full Year 2014 Results
March 16, 2015
Disclaimer
This
hi document
d
may contain
i forward‐looking
f
d l ki statement within
i hi the
h meaning
i off safe‐
f
harbor. Actual results could differ materially from projections, estimations or
expectations. These may involve risk and uncertainty, and may cause actual results
and
d development
d l
t to
t differ
diff
substantially
b t ti ll from
f
th
those
expressed
d or implied
i li d in
i the
th
statements. The company does not guarantee that any action, which may have been
taken in reliance of this document will bring specific results as expected.
2
Content
1. Telkom in Brief
2. FY14 Financial and Operational Results
FY14 Financial and Operational Results
3. Company Guidance 2015
3
Telkom in Brief
4
Telkom Group Portfolios
Well diversified business portfolio: 9 Product Portfolios and 6 Customer Portfolios
10
ME
Digital Life
Digital Home
7
I
• Managed Apps & SI
• BPM
• Premise Integration
• E-Payment
• DataCenter & Cloud
• M2M
Platform
Services
Product
Portfolio
T
4
• Fixed Phone
• Fixed Broadband
• Wi-Fi
Fixed
Services
1
Digital Advertising
8
•
•
•
•
Big Data
Big
Data
5
Mobile
Services
9
11
E-Health
E-Tourism
E-Transportation
E-Gov
12
Ecosystem
Solution
6
• Interconnection &
International Traffic
• Network Service
• Satellite
• Tower
• Full Mobility
• Limited
Mobility
2
2
NW & Infra
Services
Customer
Portfolio
Services
1
13
14Government
15
16
3
5
Telkom and Subsidiaries
Government
Public
52.6%
T
Mobile
Business
Multimedia
Business
47.4%
IME
International
Business
Singapore
Hongkong
Timorleste
Australia
Macau
Arab Saudi
USA
Malaysia
N
New
Z
Zeland
l d
Metra
Digital
Investama
Affiliation
T
Infrastructure
Business
T
M
Myanmar
Note :
T : Telecommunication
T l
i ti
IME : Information, Media & Edutainment
6
Current Ownership
Current Ownership
Government 52.6% Public Telkom Indonesia is listed at
Indonesia
Stock
Exchange
(Bloomberg: TLKM IJ) and New York
Stock Exchange (Bloomberg: TLK US)
47.4% Treasury Shares 2.6% y
Total Shares
Market Capitalization at IDX
100,799,996,400 shares
Rp297.9Tn*
*) as of March 13, 2015
7
FY14 Financial
and Operational Results
8
Highlights Performance FY14
Highlights Performance FY14
Continued strong revenue growth with healthy margins Consolidated Revenue grew by 8.1% YoY to Rp89.7tn with 51.1% EBITDA margin
Telkomsel Revenue grew by 10.4% YoY to Rp66.3tn with 56.2% EBITDA margin
Gaining remarkable subscribers growth
Broadband users grew 12.1% YoY to 71.3mn
db d
Cellular subscribers grew 6.9% YoY to 140.6mn
Mobile data user grew 12.1% YoY to 67.9mn
Continued leadership in infrastructure
Fiber based backbone network 76,700 km, Homes passed 13.2 million (61% YoY)
Total BTS Telkomsel 85,420 units
Total BTS 85 420 units (22.3% YoY), New BTS 15,556 units.
(22 3% YoY) New BTS 15 556 units
Total 3G BTS 38,836 units (43.7% YoY), New 3G BTS 11,802 units (76% of new BTS)
Telkom recorded a strong financial and operational results in FY14
9
Healthy Revenue Growth on Back of Data Business
Data Business
Revenue YoY (Rp Trillion)
▲ 32.9%
▲ 8.1%
10.5
32.1
▲24.0%
83.0 83 0
24.1
19.5
FY13
FY14
▲ 3.3%
13 1
13.1
13 6
13.6
▼ 8.5%
9.7
8.9
▼ 2.8%
4.8
FY13
14.1
Mobile Data
Revenue
▲ 34.2%
34.3
89.7
Fixed Broadband
Revenue
4.6
▲ 6.7%
▲ 7.8%
4.9
FY14
TOTAL
Cellular voiceData, Internet, & IT
SMS
4.7
Fixed line voice Interconnection
▲ 16.3%
2.4
2.8
Other
▲2.2%
1.3 1.3
Network
Note: 1. “Other” among others consists of CPE, Infrastructure Lease, Directory Assistance and USO.
2 SMS excluding SMS for mobile advertising (it is included to Data Internet & IT)
2. SMS excluding SMS for mobile advertising (it is included to Data, Internet & IT)
10
Manageable Operating Expenses
Operating Expenses YoY (Rp Trillion)
▲ 6.5%
▲ 15.3%
22,3 FY13
19.3 FY14
43.9 ▼ 1.2%
41.2 9.7 9,6 ▼ 0.7%
▼ 4.6%
49
4.9 FY13
FY14
O&M
Personnel
48
4.8
Interconnection
4.2 4.0 G&A
▲ 1.6%
3.0
3,1 Marketing
TOTAL
11
Healthy EBITDA & Net Income Growth
EBITDA (Rp Tn)
(Rp Tn)
Net Income (Rp Tn)
Net Income (Rp
▲ 9.7%
▲ 3.0%
45.8
14.2
41.8
14 6
14.6 One-off income from
Telkom Vision divestment in 2013.
Normalized net income growth is 13.4%.
FY13
FY14
FY13
FY14
12
Telkomsel: Widest coverage
Population Coverage: ±
Population
Coverage: ± 95% 95%
with 3G Coverage: ± 60% Papua, Maluku, Sulawesi, Kalimantan
CB
CB portion: 22%
ti
22%
Sumatera
CB portion 28%
CB portion: 28%
Greater Jakarta & W J
West Java CB portion: 24%
Java & Bali CB portion: 26%
Indonesia Telco Industry Overview
Indonesia Telco Industry Overview



8 players (4 GSM + 4 CDMA) in mature industry with estimated 130% SIM penetration
((± 75% p
p
) Relativelyy stable competition
p
g y businesses.
population‐based).
in legacy
Early stage in data business with around 50% data users and 30% smartphone
penetration.
Tremendous growth in digital business; data traffic grew by more than 100% YoY and
data revenue grew more than 30% in FY‐14.
13
13
Telkomsel: Solid Revenue Growth with Healthy Profitability
YEAR‐ON‐YEAR ACHIEVEMENT
REVENUE
In Trillion
+10%
60.0
Digital
Business
In Trillion
11.7
66 3
66.3
34%
EBITDA
NET INCOME
In Trillion
37.3
33.9
15.6
48.4
5%
50.6
FY‐13
FY‐14
FY 14
FY‐14
TOTAL ASSET
In Trillion
56%
%
17%
FY‐14
FY‐13
FY‐13
56%
%
CUSTOMER
29%
29%
BTS ROLL OUT
BTS ON AIR
In Thousand
In Thousand
0%
78.2
140.6
131.5
15.6
0.0
+22%
15.6
0.2 4G
2%
11 6
11.6
4.0
FY‐13
FY
13
11 8
11.8
3G
7%
7%
FY‐14
FY
14
FY‐13
FY
13
FY‐14
Margin
In Million
73.3
14.5
12.4
12%
Margin
FY 13
FY‐13
19.4
17.3
10%
Legacy
CAPEX PAID
In Trillion
FY‐14
FY
14
FY‐13
-10%
3.6
FY‐14
2G
69.9
85.4
0.2 4G
27.0 44%
38.8 3G
8%
46.4 2G
42.8
FY 13
FY‐13
FY 14
FY‐14
14
Telkomsel: Market leader with increased market share
Cellular Customer Base Share
((BIG‐3 vs others))
85%
Cellular Customer Base Share
((TSEL vs BIG‐3))
55%
BIG‐3 Revenue Share
((TSEL vs BIG‐3))
61%
Source: Company’s Data, Internal estimation & Market Intelligence
15
Telkomsel: Continue to Focus on Digital Business
YEAR ON YEAR ACHIEVEMENT
YEAR‐ON‐YEAR ACHIEVEMENT
DIGITAL BUSINESS
REVENUE
In Trillion
+34%
34%
Broadband:
96.7
12%
32%
1.2
FY‐13
Digital Services:
143%
1.5
FY 13
FY‐13
FY‐14
FY 14
FY‐14
40.4
FY‐14
3G & 4G BTS
ON AIR
12.0
0.2
4G
11.6
0.0
3G
2% 11.8
11.6
FY‐13
FY
13
FY 14
FY‐14
In Thousand
23 7
23.7
71%
FY 13
FY‐13
3G & 4G BTS
ROLL OUT
In Thousand
In Million
BlackBerry
- Digital Lifestyle
- Digital Advertising
- Digital Payment & Mobile Banking
3G CAPABLE
DEVICE
FY‐13
FY
13
Telkomsel
Flash
14 1
14.1
10.5
234.9
67.9
60.5
34%
Digital
Services
I PB
In
15.6
11.7
Broadband
DATA TRAFFIC
DATA USER
In Million
FY‐14
4G
27.0
0.0
3G
27.0 44%
FY‐13
FY
13
39.0
0.2
38.8
FY‐14
FY
14
16
IDN: Drive Digital Business
Remarkable Progress
High Speed Broadband Access through Optical Fiber Network & Wifi
• High Speed Optical Access Network
• 13.2 million Homes passed
• 170 Thousands Wi‐Fi
IP-based and Optical Backbone Network
Id‐Ring
• IP and Optical Backbone Network
• 76,700 km nationwide backbone network
Integrated Next Generation Network for Multi Services & Multi Screen
Id‐Con
d
• 54,800 Square Meter Data Center
17
International Expansion: Strengthen Footprint in the Region
h
h
TIMES International Portfolio
MVNO
Malaysia
International Expansion
MNO
Timor Leste
Satellite & Network
Data Center
Business Process Outsourcing &
IT Solution
Malaysia
Japan
Singapore
Australia
Brunei
Singapore
Korea
Timor Leste
New Zealand
H
Hongkong
k
Hongkong
USA
Macau
UEA
Netherland
Arab Saudi
Myanmar Germany
Timor Leste England
18
Company Guidance 2015
19
2015 Management Guidance
3 Main Program : To Be King of Digital
Mobile Business
1. Exploit Legacy Business
2. Strengthen The Core
3. Trigger Digital Services
 Maintain double digit growth
 Grow digital business
Indonesia Digital Network
1. ID‐Ring 2. ID‐Access
3. ID‐Convergence
 Turn-around fixed line
 Drive digital business
International Expansion
1. Follow the People
2. Follow the Network
3. Follow the Traffic & Money  Stretch & Expand int’l business
 Strengthen footprint in regional
19
In line ith or slightl abo e the market for TLKM and TSEL:
In line with or slightly above the market for TLKM
TSEL
Revenue Growth
EBITDA Margin
Capex
Inorganic ‐ Increase digital business’s portion close to 40% for Telkom Group
‐ Strengthen mobile & fixed broadband through triple play and FTTH
Slightly decline for TLKM and Telkomsel in line with aggressive
investment in digital business.
Group : 22% ‐
p
25% of Revenue.
 Mobile related: 60% ‐ 65%
 Fixed broadband related: 20% ‐ 25%
 Other business: 10% 80/20 rules, where 80% initiatives to support digital business. 20
21
Thank You
22