Download - Telkom_Conf Call 3Q10, Nov 4, 2010 005
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CorporatePresentation
ConferenceCall:
NineMonth
2010
Results
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2
Disclaimer
Thisdocumentcontainsfinancialconditionsandresultofoperation,andmayalso
containcertainprojections,plans,strategies,andobjectivesoftheCompany,which
would
be
treated
as
forward
looking
statements
within
the
meaning
of
applicable
law.
Forwardlookingstatements, bytheirnature,involveriskanduncertaintythat
couldcause
actual
results
and
development
to
differ
materially
from
those
expressedorimpliedinthesestatements.
TelkomIndonesiadoesnotguaranteethatanyaction,whichshouldhavebeen
takenin
reliance
on
this
document
will
bring
specific
results
as
expected.
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Telkom Ownership
Telkomisthelargesttelecommunicationcompanyand
networkproviderinIndonesia,majorityownedbythe
GovernmentofIndonesia(Totalshares=20,159,999,280,including1DwiwarnashareseriesA)
Government
Public
52.47%10,320,470,712 shares
Treasury Stock
490,574,500 shares
47.53%9,348,954,068 shares
Marketcap:Rp185.5TnRp185.5Tn, or6.35%6.35% oftotalmarketcap.
atIDXIndonesia
TELKOMislistedat
IndonesiaStockExchange(IDX),New
YorkStockExchange(NYSE),London
StockExchange
(LSE) and
also
Publicly
OfferingWithoutListing(POWL)at
TokyoStockExchange(TSE)asof September30,2010
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Telkom and Subsidiaries(ownership)
Government
of IndonesiaPublic/Listed
52.47%52.47% 47. 53%47. 53%
100%100%100%100% 99.99%99.99%65%65%
(Cellular)(Cellular)
100%100%
(Tower business)(Tower business)(Multimedia)(Multimedia)
100%100%
(IT Services)(IT Services)
(Property & construction)(Property & construction)
(Media & Edutainment)(Media & Edutainment)
100%100%
(International business)(International business)
100%100%
(Telco Equipment)(Telco Equipment)
29.71%29.71%100%100%100%100% 75%75% 60%60% 51%51%
by metra-netMelon Indonesia
100%100%
DirectSubsidiaries
IndirectSubsidiaries
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Telkoms Business Portfolio T.I.M.E(Telecommunication, Information, Media, Edutainment)
5
POTS
FWA
Mobile/Cellular
Broadband
NetworkServices
Tower
1
2
3
5
6
7
InternationalServices4
PremiseIntegrationServices
EPayment
Media:PayTV &FTA
Content/PortalVAS,ManagedApp&Performance/ITO
8
9
10
12
13
ITeS (BPO,KPO)11
TelecommunicationTelecommunication InformationInformation Media&EdutainmentMedia&Edutainment
Consumer SME LargeEnterprise
InternationalInvestment
Wholesale
Retail
OLO(otherlocaloperators)
Indonesia
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Highlights of Nine Month 2010 Results
TELKOMconsolidatedoperatingrevenue for9M10
increasedtoRp52.1trillionor3.9%.
Cellularsubscribersbasegrewstrongly by17%yearon
year(YoY)to93.1millionsubscribersduring9M10witha
totalnetaddof11.5millionsubscribers.
Broadbandsubscribers rose
by
155%
to
6,381K with
Data,
InternetandITservicesconsolidatedrevenueincreasingby
15%.
Thedecline
in
fixed
line
revenue
slowed
to
8.8% in
9M10.
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Cellular Business
9M09 9M10
Cellular
MoU (Bn minutes) 101 93 8%ARPU blended(Rp000) 48 43 10%Revenue(Rp Bn)*) 21,504 22,057 3%
Subscribers(mn) 79.8 93.1 17%BTS(unit) 29,781 35,316 19%
Growth(%)
Asof
September
30,
2010,
we
are
still
the
leading
provider
in
the
cellular/full
mobilitymarketwithanaround 47%47% marketshare.
Note:*) Cellular
revenue
including
monthly,
voice
and
features
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Broadband Services
9M09 9M10
Fixedbroadband/Speedy:
Subscribers(000) 979 1,530 56%Revenue(Rp Bn) 1,850 2,662 44%
Revenue(Rp Bn) 341 684 101%
Mobilebroadband/Flash:
User(000) 1,375 4,278 211%
Growth(%)
Speedyand
Flash
remained
the
market
leader
in
these
businesses
with
total
marketshareofapproximately80%80% and64%64%
Ourbroadband
service
also
showed
strong
growth,
with
total
1.5
Mn sub.
in
fixed
broadbandand4.3Mn sub.inmobilebroadband.
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Fixed Line Business
9M09 9M10
FixedWireline
ARPU(000) 112 105 6%Fixed
Wireless
/Flexi
Subscribers(mn) 14.9 16.8 13%BTS(unit) 5,296 5,580 5%MoU (Bn minutes) 12 9 26%ARPU blended(Rp000) 23 17 26%
FixedLineRevenues(Rp Bn)*) 10,806 9,854 9%
8.3LineinService/LIS(mn)
Growth(%)
8.7 4%
Wecontinue
defending
the
decline
in
voice
revenue
through
flat
tariff
program
(FixedBusinessImprovementProgram FBIP)
Note:*) FixedLinerevenueincludingmonthly,voiceandfeatures
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Financial Highlights
(inTn Rp ) 9M09 9M10
BalanceSheet
Profit&LossStatement*)
TotalAssets 95.3 100.1 5%
MinorityInterest 9.8 10.9 12%
TotalEquity 37.5 42.7 14%
EBITDAMargin(%) 56.1 54.2 1.9%
NetIncome 9.3 8.9 3.9%
NetIncome/Share(Rp) 473 454 3.9%
TotalLiabilities 48.0 46.4 3%
52.1
OperatingExpenses 32.2 34.9 8.4%
EBITDA 28.2 28.2 0.3%
OperatingRevenues
GrowthYoY
(%)
50.2 3.9%
Note:*) The2009figuresarereclassifiedtoconformtothecurrentpresentation
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43%
27%
22%
42%
30%
19%
2% 2%5%
2%2%4%
Cellular Data,
Internet &
IT
Fixed Line Intercon *) Network Other
9M09 9M10
21.5 22.1
13.8 15.8
10.8 9.9
2.4 2.3 0.9 0.9 0.8 1.2
Note:*) Inaccordancewiththechangeinaccountingtreatmentfromnettogross(PPSAKNo.1)in2010,
we
present
outgoing
interconnection
revenue
on
gross
basis
as
part
of
operating
revenues.
The2009presentationisreclassifiedtoconformwiththecurrentstandard.
Income Statement (1/2)
Revenuecontribution
to
total
revenues
Totalrevenues
=Rp52.1
Tn
(inRp trillion)
In9M10,Data,Internet&ITservicesrevenuescontributed30%30% tototalrevenues
(increasedby3%)
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3 4 %3 2 %
17%
3 7%
3 2 %
16%7% 6 % 5%7% 5% 5%
O&M D epreciat ion Personnel Int ercon * ) G&A M arket ing
9M09 9M10
Income Statement (2/2)
Expensecontribution
to
total
expenses
10.9 12.9
10.2 11.0
5.6 5.4
2.2 2.3 1.8 1.7 1.5 1.6
Totalexpenses=Rp34.9Tn
(inRp trillion)
Expensewas
manageable,
G&A
and
personnel
expenses
has
decreased each
by
1%1%
Note:*) Interconnectionexpensesareincludedasoperatingexpenses(RefertoPPSAKNo.1)
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Additional Information
Telkom
Rp2,729Bn
TELKOMSEL
Rp6,416Bn
Othersubsidiaries
Rp471Rp471BnBn (5%)(5%)
34%28%
63%
67%
9M09 9M10
9,616
12,796
Total(RpBn)
Total Capex Allocation
8.6%
21,336
23,337
9M09 9M10
Telkom employees(as a parent company)
Inthe
same
period,
Telkomsels employees
grewby4.7% to 4,354employees
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Q&
A
Session...
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ContactAddress:
InvestorRelations
Grha CitraCaraka 5th floor
Jl.Jend.
Gatot Subroto Kav.
52
Jakarta,12710
Indonesia
Tel :+62215215109
Fax :+62215220500
Email :[email protected]
Website:www.telkom.co.id
Any further questions?