PT Telkom Indonesia (Persero) Tbk

PT Telkom Indonesia (Persero) Tbk
The First Quarter 2015 (1Q15) Results
The First Quarter 2015
May 7, 2015
Disclaimer
This
hi document
d
may contain
i forward‐looking
f
d l ki statements within
i hi the
h meaning
i off safe‐
f
harbor. Actual results could differ materially from projections, estimations or
expectations. These may involve risks and uncertainties, 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.
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Content
1. Telkom in Brief
2. 1Q15 Financial and Operational Results
3. Company Guidance 2015
3
Telkom in Brief
Telkom in Brief
4
Telkom Group Portfolios
p
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
• Fixed Phone
• Fixed Broadband
• WiFi
Fixed Services
8
•
•
•
•
Big Data
4
1
Digital Advertising
Big
Data
5
Mobile
Services
9
11
E-Health
E-Tourism
E-Transportation
E
Gov
E-Gov
12
Ecosystem Solution
6
• Interconnection &
International Traffic
• Network Service
• Satellite
• Tower
• Full Mobility
• Limited
ob ty
Mobility
2
2
NW & Infra
Services
Customer
Portfolio
Seervices
1
13
14Government
15
16
3
5
Telkom and Subsidiaries
Mobile Business
T
Multimedia Business
Government Public
52.6%
47.4%
IME
International Business
Singapore
Hongkong
Timorleste
Australia
Macau
Arab Saudi
USA
Malaysia
New Zeland
Affiliation
T
Infrastructure Business
T
Myanmar
Note :
T : Telecommunication
IME : Information, Media & Edutainment 6
Current Ownership
p
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
Rp291.3Tn*
*) as of March 31, 2015
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1Q15 Financial and Operational Results
p
8
1Q15 Performance
Q
Highlights
g g
Continued strong revenue growth with healthy margins Consolidated Revenue grew by 11.1% Year‐on‐Year (YoY) with EBITDA and Net Income grew by 13.9% and 6.4% YoY, respectively
Telkomsel Revenue grew by 12.1%, EBITDA by 9.0%, and Net Income by 11.3% YoY
Data, Internet, and IT Services (exclude SMS) recorded the highest revenue growth, with 27.6% increase from 1Q14. Telkomsel’s digital business grew by 37.4%, with data traffic jumped 110%.
Continued leadership in infrastructure
p
Telkomsel expands its 4G LTE network and services in key cities including Jakarta, Bali, Bandung, Surabaya and Medan
Telkom continued strong operational and financial results in 1Q15
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Strong Revenue Growth, Driven by D t B i
Data Business
Revenue YoY (Rp Trillion)
▲ 11.1%
▲ 5.6%
8.0
8.5
▲ 27.6%
7.1
1Q14
1Q15
5.5
▲5.2%
23 6
23.6 21.3 3.4
3.3
▼ 6.4%
2.3
2.2
▼ 4.5%
1.2
1Q14
1Q15
TOTAL
Cellular voice
Data, Internet, & IT (excl SMS)
SMS
Fixed line voice
1.1
Interconnection
▲ 47.6%
0.9
1.3
Network and other telco service
Note: “Other” among others consists of CPE, Infrastructure Lease, Directory Assistance and USO.
10
Strongg EBITDA & Net Income Growth
EBITDA (Rp Tn)
(Rp Tn)
Net Income (Rp Tn)
Net Income (Rp
▲ 13.9%
▲ 6.4%
10.9
1Q14
12.4
1Q15
3.6
3.8 1Q14
1Q15
Flexi Impairment
R 870 B in 1Q15 vs
Rp870 Bn
i 1Q15
Rp30 Bn in 1Q14
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Manageable Operating Expenses
g
p
g p
Operating Expenses YoY (Rp Trillion)
▲ 12.8%
▲ 20.2%
6.2
5.1 5.1 3.9
3.9 14.3 1Q14
1Q15
▲ 29.1%
16.2 ▲ 0.7%
▼ 18.0%
2.3 2.3 1.3 1Q14
1Q15
O&M
D&A
Personnel
1.0 Interconnection
▲ 3.6%
▼ 1.1%
▼ 1,050.0%
0.9 G&A
1.0
0.7
0.7
Marketing
(0.02)
(0.2)
Other
TOTAL
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Telkomsel: Continued Solid Financial and O
Operational Performance
ti
lP f
YEAR‐ON‐YEAR ACHIEVEMENT
EBITDA
REVENUES
In Trillion
+12%
15.3
Digital
Business
34
3.4
37%
NET INCOME
In Trillion
17.1
In Trillion
In Trillion
CAPEX PAID
9.2
8.5
4.6
4.9
4.4
9%
11%
Legacy
11.9
5%
1Q‐14
In Trillion
12.5
1Q‐15
TOTAL ASSET 1Q‐14
1Q‐15
Margin
55%
54%
CUSTOMER In Million
1Q‐14
8%
1Q‐15
1Q‐14
82 9
82.9
76.9
141.5
7%
29%
28%
BTS ON AIR
BTS ROLL OUT
In Thousand
In Thousand
1Q‐14
1Q‐15
1Q‐14
1Q‐15
0.9
1Q‐14
+22%
5.1
07
0.7
4.5
0.0
3.5
8%
1Q‐15
Margin
+15%
132.7
28
2.8
26
2.6
4G
10%
3.9
-39%
74.3
0.0
30.6
90.6
0.9
4G
40%
42.7
3G
7%
47 0
47.0
2G
3G
43 8
43.8
0.6 2G
1Q‐15
1Q14
1Q15
13
Telkomsel: Continued Focus on Digital B i
Business
YEAR‐ON‐YEAR ACHIEVEMENT
DIGITAL BUSINESS DIGITAL
BUSINESS
REVENUE
In Trillion
+37%
Broadband:
DATA USER In Million
89.6
4.6
Broadband
Digital
Di
it l
Services
4.2
0.3
1Q‐14
3G/4G CAPABLE
3G/4G
CAPABLE
DEVICE In Million
1Q‐14
28.2
3G & 4G BTS 3G
& 4G BTS
ROLL OUT In Thousand
4G
-
Digital Lifestyle
Digital Advertising
Digital Payment & Mobile Banking
M2M
3G & 4G BTS 3G
& 4G BTS
ON AIR 4.6
4
6
0.7
4G
30.6
0.0
3.5
3.9
3G
30.6
1Q‐14
1Q‐15
10%
3G
1Q‐15
In Thousand
3.5
0.0
55%
1Q‐15
1Q‐14
1Q‐15
43 7
43.7
1Q‐14
Digital Services:
110%
0.4
1Q‐15
BlackBerry
y
42.7
2%
3.1
31%
Telkomsel
Flash
63 9
63.9
63 0
63.0
3.4
38%
DATA TRAFFIC In PB
1Q‐14
40%
43.6
0.9
42.7
1Q‐15
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Telkomsel: Widest coverage
Population Coverage: 2G: ± 95% | 3G: ± 60% Papua, Maluku, Sulawesi, Kalimantan
l
l
CB portion: 22%
Sumatera
CB portion: 28%
Greater Jakarta & West Java CB portion: 24%
Java & Bali CB portion: 26%
Flexi Spectrum in 800 Mhz to be utilized by Telkomsel
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Completed Sulawesi‐Maluku‐Papua Cable S t
(SMPCS) U til P
System (SMPCS) Until Papua
Kauditan‐Ambon‐
Sorong + branches
Sorong‐Waisai
Sorong‐
y p
Jayapura
Kendari‐Ambon
Ambon‐Fakfak + branches
(Masohi, Bandaneira)
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Company Guidance 2015
Company Guidance 2015
17
2015 Management Guidance
g
Revenue Growth
Revenue Growth
In line with or slightly above the market for TLKM and
Telkomsel, with focus on strengthening mobile broadband and ,
g
g
accellerated fixed broadband through triple play and FTTH
EBITDA Margin
EBITDA Margin
Slightly decline for TLKM and Telkomsel in line with accellerated investment in digital business
Capex
Group (Consolidated): around 25% over Revenue
 Mobile related: 60% ‐ 65%
 Fixed broadband related: 20% ‐ 25%
 Other business: 10% Main Program
Mobile Business 1. Protect 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
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Jayalah
y
Indonesia !
Jayalah Telkom Indonesia !
Th k Y
Thank You
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