cs loxinfo public company limited 4q 04 mini-info meeting 21 february 2005
TRANSCRIPT
Consolidated Financial Highlights 2004
• Consolidated revenue for 2004 is 2,004 million baht increases 66% compared to 2003
• Consolidated Net profit is 328 million baht increases 321% compared to 2003
• Net profit margin for 2004 is 16% due to the high profit margin from Yellow Pages business
• BOD proposed to Shareholders’ to pay dividend 0.25 B/Share for 2nd 2004
3
Leased line product
1,461 clients representing 45 % of total ISP revenue
6% Q-on-Q subscriber growth
ARPU 38,942 Bt/month
Subscribers
Strategy
- Offer Internet consulting service
- More engineering support to fulfill
customer expectation
0
200
400
600
800
1,000
1,200
1,400
1,600
2001 2002 2003 q1'04 q2'04 q3'04 q4'04
0
10,000
20,000
30,000
40,000
50,000
60,000
Subscriber ARPU
As of 31 December 04 Bt/month
4
Broadband product (ADSL,IPSTAR,IPTV,ISDN)
8,677 Broadband clients representing 14% of total ISP revenue
49% Q-on-Q subscriber growth
ARPU ( 2,073 Bt/month)
Subscribers
01,0002,0003,0004,0005,0006,0007,0008,0009,00010,000
2001 2002 2003 1q/04 2q/04 3q/04 4q/04
0
1,000
2,000
3,000
4,000
5,000
Subscriber ARPU
Strategy
- Offer Multi Mode service which user can
use a single User ID and Password to
access ADSL, Dial-up and Hot Spot
- Provide 100 MB Mail box with Virus scan
and Spam filtering
As of 31 December 04 Bt/month
5
Dial up Product (Narrow band)
322,135 subscribers representing 41 % of total ISP revenue
3% Q-on-Q Subscribers drop
ARPU ( 163 Bt/month) Avg of prepaid and postpaid subscriber
Subscribers
0
100,000
200,000
300,000
400,000
2001 2002 2003 1q/04 2q/04 3q/04 4q/04
0
40
80
120
160
200
Subscriber ARPU
Strategy
Post-paid : - Offer 100 MB Mail box with Virus
scan and Spam filtering
Pre-paid : - Offer 25 MB Mail box and plan to
provide Virus scan and Spam filtering
- Explore more convenience buying
channels such as Mpay, E-Banking
As of 31 December 04 Bt/month
6
Operational Highlights – Yellow Pages business
• 2005 Sales Canvas Revenue increased as projected
(Note : will effect accounting revenue from 1st March – 31 Dec 05)
(Note : Actual Sales Revenue to be announced later)
• Average Revenue Per Advertiser (ARPA) improved due to enhancement of product concept (one book) and Branding Exercise
• Launching of new Voice Business (1188, 1900 XXX, Audio Tex) to
- Complement Print Yellow pages Product
- Generate new revenue streams
• Some smaller advertisers who do not serve the entire Bangkok Market, stayed out.
7
Disclaimer
“This document contains certain forward-looking statements. They refer to future events and to the future financial
performance of the Companies. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”,
“estimate”, “anticipate”, “believe” or “continue”. Although the Companies believe that the expectations reflected in such forward-looking statements are reasonable at this time, it can
give no assurance that such expectations will prove to be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.”
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Note : Q4 ’0 4 : CSL 3 Mth + Loxserve 3 Mth + TMC 3 Mth(6 3 .2 5 %)
304 3 3 3Q ’ : CSL Mth + Loxserve Mth + TMC Mth6325( . %)
403 3 3Q ’ : CSL Mth + Loxserve Mth
Consolidated Income statement - Quarterly
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Unit : Million Baht
% qoq % yoy
Revenue 546 100% 527 100% 354 100% 4% 54%
Cost of sales and services 287 53% 261 50% 216 61% 10% 33%
Gross margin 259 47% 266 50% 138 39% -3% 88%
Selling admin exp. 179 33% 157 30% 103 29% 14% 74%
Net profit fr. Operation 80 15% 109 21% 35 10% -27% 129%
Interest/MI 1 0% 1 0% 7 2% 0% -86%
Net profit 79 14% 108 20% 28 8% -27% 183%
EPS (Baht) 0.12 0.17 0.06 -29% 100%
Q4'03Q3'04Q4'04
Consolidated Income statement - Yearly
Note : 2004 : CSL 12 Mth + Loxserve 12 Mth + TMC9 Mth (63.25%)
2003 : CSL 12 Mth + Loxserve 9 Mth
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Unit : Million Baht
%
Revenue 2,004 100% 1,209 100% 66%
Cost of sales and services 1,055 53% 796 66% 33%
Gross margin 949 47% 413 34% 130%
Selling admin exp. 614 31% 309 26% 99%
Net profit fr. Operation 335 17% 104 9% 222%
Interest/MI 7 0% 26 2% -73%
Net profit 328 16% 78 6% 321%
EPS (Baht) 0.55 0.16 244%
YEAR 2004 YEAR 2003
Segment Results
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Unit : Million Baht
Q4'04 Q3'04 Q4'03 Q4'04 Q3'04 Q2'04
Revenues 363 359 339 169 154 145
Segment results 17 50 28 56 52 22
Media & AdvertisingInternet
Consolidated Balance Sheet as of
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Unit : Million Baht
%
Cash & cash eqivalent 1,018 40% 234 23% 335%
Other current assets 632 25% 304 30% 108%
PPE & Network under concession 402 16% 367 37% 10%
Goodwill 458 18% 58 6% 690%
Other non-current assets 51 2% 42 4% 21%
Total assets 2,561 99% 1,005 100% 155%
Unearned income 274 11% 128 13% 114%
Other current liabilities 382 15% 287 29% 33%
Non-current liabilities 6 0% 21 2% -71%
Total liabilites 662 26% 436 43% 52%
Total equity 1,899 74% 569 57% 234%
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