1Q18 Performance May 2018 Agenda Commercial Highlights Financial - - PowerPoint PPT Presentation

1Q18 Performance

May 2018

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Commercial Highlights Moving Forward

Agenda

Financial Highlights

Commercial Highlights

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Broadcast business

• Signed a multi-year contract with Canal+ to strengthen a pay-TV direct-to-home (DTH)

platform in Myanmar

• The number of satellite TV channels @78.5E increased 38 channels QoQ (from 1,003 to

1,041 channels)

• HD channels increased from 143 to 153 channels

Broadband business

• Signed a bulk bandwidth service agreement with We are IT Philippines (WIT) for the entire

TC4 capacity over the Philippines to support nationwide enterprise and government projects

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1Q 1Q18 18 Co Comme mmercia cial l High Highlight lights

Adjacent business

• Thaicom expanded Maritime service in Thailand on 7 additional vessels (total 27 vessels)
• LOOX TV application reached ~400,000 downloads

Financial Highlights

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1Q17 4Q17 1Q18

1,394 1,462 1,956 50% 61% 62% 50% 38% 39% 6

Broadband Conventional

1Q18 1Q18 : : Sa Satell tellite p ite perf erfor

• rman

mance ce impr improveme ement nt

Satellite revenue was 1,462 MB.

• Up 5% QoQ due to

service upgrade from standard definition (SD) to high definition (HD) of Thai broadcasters and ramp-up of Thaicom 4 clients.

• Drop 25% YoY due to the decrease
• f market price and the churn of

major customers during Q2- Q4/2017

TV

Satellite Revenue

Unit: MB

Capacity Utilization

1Q17 4Q17 1Q18

59% 59% 53% 51% 26% 26%

TV

Conventional Broadband

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1Q18 1Q18 : : Sa Satell tellite E ite EBITD BITDA impr A improves es QoQ QoQ

Satellite EBITDA was 451 MB.

• Up 178% QoQ

following a decreasing of depreciation of satellite assets after the impairment.

• Drop 50% YoY following a drop

in satellite revenue and the recognition of the provision for doubtful debt.

Satellite EBITDA

1Q17 4Q17 1Q18

915 162* 451

Unit: MB

Satellite EBITDA Margin

1Q17 4Q17 1Q18

47% 12%* 31%

* Exclude the impairment of assets

259 (520) (28) 1Q17 4Q17 1Q18 * Exclude the impairment of assets and gain from the sale of CSL’s shares.

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1Q18 1Q18 : : Cons Consolida

• lidated

ted NI shoots from CSL’s profit

Consolidated Key Financial Highlights

• Consolidated Revenue +2.8% QoQ following the increased trend of satellite revenue.
• Consolidated Net Profit 1,864 MB from the sale of CSL’s shares, while the Profit (loss)

from normal operation is -28 MB, significantly improved QoQ.

Ne Net t Pr Prof

• fit

it 1,86 1,864 M 4 MB. Ne Net t pr prof

• fit

it fr from

• m no

normal mal

• pe
• perati

tion i

• n impr

mproves es QoQ QoQ

2,018 1,463 1,504 1Q17 4Q17 1Q18

Sales and Services

259 (3,190) 1,864 1Q17 4Q17 1Q18

Profit (loss) from normal operation* Net Profit

Unit: MB

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1Q18 1Q18 : : Finan Financial position cial position

D/E D/E Ra Ratio tio at t 0.48 0.48x

down from 0.49x as at the end of 2017

• 1. Interest-bearing Debt / Equity
• 2. Excludes Cash and Current Investment
• 3. Excludes Interest-Bearing Debt

1

Consolidated CF 1Q17 4Q17 1Q18 CF from Operating 704 2,980 271 CF from Investing 413 (46) 528 CF from Financing (428) (3,327) (290) Ending Cash 3,372 1,961 2,469

Str Strong op

• perating

ting cash sh flo flow

1Q1 1Q18

Assets 2 18,332 Cash 2,469 Current Investment 4,886 Interest Bearing Debt 7,153 Liabilities 3 3,734 Equity 14,782

Unit: MB Unit: MB

Moving Forward

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LOOX:

• To support broadcast customers by recommending contents to viewers and providing viewing

information to the customers

• To have new revenue streams from ads, data and value-added services

NAVA:

• To grow maritime services in Thailand and Japan by leveraging strengths of satellite, the
• nly platform to provide services
• To expand to other countries in APAC with partners

Cambodian DTV Network:

• To vertically expand into the direct-to-home (DTH) market in Cambodia
• To explore pay-TV business opportunity by leveraging its existing 600K subscribers

Broadcast:

• To expand broadcast services in Greater Mekong Subregion and South Asia
• To enhance customers by offering value-added and adjacent services

Broadband:

• To find new prospects to replace the major customer churns
• To increase bandwidth utilization in potential markets such as India and

Philippines

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Mo Moving ving For

• rwar

ard

Thank You