4 th Quarter FY20 Results 25 March 2020 Disclaimer This document - - PowerPoint PPT Presentation

4th Quarter FY20 Results

25 March 2020

This document contains certain forward-looking statements with respect to Astro Malaysia Holdings Berhad’s (“Astro”) financial condition, results of operations and business, and management’s strategy, plans and objectives for Astro. These statements include, without limitation, those that express forecasts, expectations and projections such as forecasts, expectations and projections in relation to new products and services, revenue, profit, cash flow, operational metrics etc. These statements (and all other forward-looking statements contained in this document) are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Astro’s control, are difficult to predict and could cause actual results to differ materially from those expressed or implied or forecast in the forward-looking statements. These factors include, but are not limited to, the fact that Astro operates in a competitive environment that is subject to rapid change, the effects of laws and government regulation upon Astro’s activities, its reliance on technology which is subject to risk of failure, change and development, the fact that Astro is reliant on encryption and other technologies to restrict unauthorised access to its services, failure of key suppliers, risks inherent in the implementation of large-scale capital expenditure projects, and the fact that Astro relies on intellectual property and proprietary rights which may not be adequately protected under current laws or which may be subject to unauthorised use. All forward-looking statements in this presentation are based on information known to Astro on the date hereof. Astro undertakes no

• bligation publicly to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This presentation has been prepared by Astro. The information in this presentation, including forward-looking statements, has not been independently verified. Without limiting any of the foregoing in this disclaimer, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of such information. Astro and its subsidiaries, affiliates, representatives and advisers shall have no liability whatsoever (whether in negligence or otherwise) for any loss, damage, costs

• r expenses howsoever arising out of or in connection with this presentation.

Disclaimer

1 | 4QFY20 results

NB: (1) Normalised PATAMI excludes post-tax impact unrealised forex gain/(loss) 4Q FY20: RM 11mn, 4Q FY19: RM 17mn due to mark-to-market revaluation of transponder-related finance lease liabilities, (ii) 4Q FY19: one-off employee separation scheme cost of RM58mn

4Q FY20 key performance highlights

2 | 4QFY20 results

EBITDA Normalised PATAMI (1) FCF of RM320mn Revenue Commerce Adex

RM1.37bn → RM1.23bn RM196mn → RM172mn Strong adex share for TV, Radio and Digital RM99mn→ RM100mn Posted highest sales amid soft market RM382mn → RM384mn Healthy EBITDA margin of 31% RM159mn → RM128mn Normalised PATAMI margin of 10% 230% of PATAMI, 1.5 sen dividend declared

4Q FY19  4Q FY20 Year-on-year financial highlights

NB (1) TV household data sourced from the Department

• f

Statistics Malaysia and Media Partners Asia (2) Household penetration comprises residential Pay-TV customers and NJOI customers (3) Viewership share is based on DTAM deployed by Kantar Media DTAM (4) Audience measurement is based on GfK (5) Digital monthly unique visitors (“MUV”) to Astro’s digital brands, averaged over the last 12 months as sourced from comScore (6) Connected set-top boxes (STBs) are internet-ready with recording functionality and have access to Astro’s On Demand library of content (7) Normalised PATAMI excludes post-tax impact of unrealised forex gain/(loss) FY20: (RM 1mn), FY19: RM (RM 41mn) due to mark-to-market revaluation

• f

transponder-related finance lease liabilities, (ii) 4Q FY19: one-off employee separation scheme cost of RM58mn (8) Numbers may not add up due to rounding differences

3 | 4QFY20 results

FY20 overview

Rising engagement across TV, radio and digital…

FY19 FY20 Growth Total TV households in Malaysia (000s)(1) 7,439 7,559 2% TV household penetration(2) 77% 75%

• 2 p.p.

TV customer base (000s) 5,713 5,697

• 0.3%

Pay TV ARPU (RM) 99.9 100.0 0.1% Astro TV viewership share(3) 75% 76% 1 p.p. Radio listenership (mn) (4) 16.2 16.9 4% Digital MUV (mn)(5) 8.3 11.6 40% Connected STBs (000s) (6) 1,003 1,005 0.2% FY19 FY20 Growth Revenue (RM mn) 5,479 4,912

• 10%

Adex (RM mn) 687 641

• 7%

EBITDA (RM mn) 1,605 1,723 7% EBITDA margin 29% 35% 6 p.p. Normalised PATAMI (RM mn) (7) 563 657 17% FCF (RM mn) 1,291 1,151

• 11%

EPS (RM sen) 8.9 12.6 42%

… underpinning resilient performance

Digital Brands

• Largest Pay-TV
• perator in SEA
• Serving 5.7mn

households

• 75% household

penetration

• 43% TV adex share
• 1mn connected STBs
• 11.6mn digital MUV

across over 25 digital brands

• Gempak is the No. 1

digital entertainment portal in Malaysia

• 4% digital adex share
• 24/7 multilanguage

shopping experience

• Multiplatform: TV &

ECMC

• 2.2mn registered

customers

• 11 radio brands
• #1 in every language-

English, Malay, Chinese, Tamil

• 16.9mn weekly

listeners & 3.0mn monthly digital radio users

• 80% radex share

Malaysia’s entertainment destination of choice

RADIO

• #1 premium content

creator & aggregator

• Investing in content

verticals with regional reach

• Produced 11.3k

hours of content in FY20 4 | 4QFY20 results

NB: Connected set-top boxes (STBs) are internet-ready with recording functionality and have access to Astro’s On Demand library of content

DIGITAL COMMERCE CONTENT

Radio Brands

TV

Protect Premium Pay Win market with NJOI Expand individuals’ experience Diversify through adjacencies Reinvent Radio Redefine Commerce

• Reinvigorate customer experience
• Refresh content
• Reset customer service
• Reward customers
• Ease prepaid path to purchase
• Increase content choices
• Astro GO enhancement
• Standalone OTT offerings
• Growing digital brands
• Leverage record listenership
• Digitalising terrestrial radio
• Content differentiation
• Harness talent and production capabilities
• Diversify and deepen product portfolio
• Drive broadband penetration

Broaden reach to INDIVIDUALS

Deepen HOME engagement

Commerce Radio OTT Broadband NJOI Pay TV

• 2.6mn Astro GO registered users
• 11.6mn digital MUV
• 16.9mn weekly radio listeners
• 3mn monthly digital radio users
• 2.2mn registered Go Shop

customers

• 75% household penetration
• 5.7mn households
• 1mn connected STBs
• 11.3k hours of content produced

in FY20

• 74mn On Demand shows watched

in FY20

Gateway to homes and individuals

5 | 4QFY20 results PREMIUM FREEMIUM

Strategy Assets Products Key Focus Areas

FY20 Progress report

Pay TV

• Reinvigorate

Customer Experience ✓Launched new Astro 4K-UHD Ultra Box

• Refresh Content

✓Unveiled world’s first iQIYI linear channel ✓New IPs: Sweet Dreams, Muzikal Lawak Superstar ✓Movies: BoBoiBoy 2 Sangkar, Pusaka, Wira, The Garden of Evening Mists

• Reset Customer

Service ✓Improving customer service

• Reward

Customers ✓ Ongoing privileges for customers NJOI ✓ Simplification of path to purchase for NJOI customers ✓ Over 30 prepaid channels offered ✓ Introducing prepaid top-up via e-wallets and WhatsApp Broadband ✓Content-broadband bundle with Maxis ✓ Higher speeds of 300Mbps, 500Mbps and 800Mbps introduced across both DTH and IPTV platforms, adding on to existing 30Mbps and 100Mbps

• fferings

OTT ✓ New Astro experience launched

• n Astro GO

✓ Launched HBO GO free for all Astro Movies pack customers and as an add-on for non- Movies pack customers ✓ Launched iQIYI global app for all Malaysians ✓ Premiered Sembilan, an original Malay thriller series exclusively on Astro GO Radio ✓ Recorded highest ever weekly listenership of 16.9mn ✓ Launched SYOK, a multilingual entertainment and lifestyle app featuring all our radio brands ✓ SME partnerships and nationwide roadshows Commerce ✓ Expanded celebrity- anchored programmes, differentiating Go Shop from other commerce platforms ✓ Extended service to FTA, reaching all Malaysians

Please refer to slide: #16 to #18 Please refer to slide: #20 Please refer to slide: #21 Please refer to slide: #22 Please refer to slide: #23 Please refer to slide: #24

6

149 173

4Q FY19 4Q FY20

929 1,151

FY19 FY20

24% 76%

TV Viewership Share (1)

3:35 3:28

2:07 2:03 FY19 FY20

• Avg. Time Spent/Day (hrs)

12.8 12.4

7.1 6.6 FY19 FY20

• Avg. Daily Viewers (mn)

Astro FTA

2.2 2.6

FY19 FY20

• Avg. Weekly Viewing (mins)

Registered Users (2) (mn)

• Avg. Monthly Active Users (4) (’000)

24% 20% 16%

NB: (1) Target Audience: Kantar Media, Dynamic TV Audience Measurement (DTAM). All Astro Pay-TV viewers (2) Cumulative count since inception (3) Connected set-top boxes (STBs) are internet-ready with recording functionality and have access to Astro’s On Demand library of content (4) Source: App Annie as at 31 Jan 2020

1,003 1,005

FY19 FY20 Total Connected STBs (2)(3) (000s) 0.2%

54 74

FY19 FY20 Total On Demand Shows Watched (mn) 37%

446 480

4Q FY19 4Q FY20

• Avg. Weekly Viewing (mins)

8%

TV

On Demand OTT

3.1% 3.3%

7 | 4QFY20 results

7.0% 3.1%

Customers watch over 4 hours of Astro daily

Adavadi Deepavali Classic Golden Melody 2019

Vernacular content underpins viewership share

8 | 4QFY20 results

FTA 24% Vernacular content 64% Others 36% Astro 76%

FY20 TV Viewership Share (2)

TV viewership

3.8mn 3.3mn 3.1mn

Curi-Curi Cinta Evening Edition

211

channels

75

Astro-branded channels

29

free channels NB (1) Number of channels as at 4QFY20 (2) Target Audience: Kantar Media, Dynamic TV Audience Measurement (DTAM). All Astro Pay-TV viewers

Gegar Vaganza 6 Maharaja Lawak Mega 2019

(1)

TV viewership

419k 334k 127k

Key non-Malay language IPs Key Malay language IPs 101

HD channels

>30

prepaid channels

3

Ultra HD channels

1,076 1,162 1,107 1,073 1,005 987 955 953 151 161 179 196 145 158 167 172 84 94 98 99 84 91 93 100 99.60 99.90 99.90 99.90 100.40 100.00 99.90 100.00 20 30 40 50 60 70 80 90 100 110 120

200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000

1Q FY19 2Q FY19 3Q FY19 4Q FY19 1Q FY20 2Q FY20 3Q FY20 4Q FY20

GoShop (-2%) Adex (-7%) Subscriptions/ Others (-12%) ARPU (+0.1%) 1,368 1,417 1,311 1,384 1,236 1,234 1,226

(RM mn) Total revenue

NB (1) Disclosed as Subscription revenue and Other revenue in our financial statements, includes revenue streams such as TV subscription, licensing income, programme sales, NJOI revenue and theatrical revenue (2) YoY refers to FY20 vs FY19 (3) Numbers may not add up due to rounding differences

(1)

YoY Growth (2)

9 | 4QFY20 results

Steady ARPU supported by growth drivers

(1)

1,215

YoY growth

FY19 FY20

NB (1) Advertising income is net of commissions and discounts (2) YoY growth refers to FY20 vs FY19 (3) Audience measurement is provided by GfK. Share of radex is based on Astro and IPG’s estimates (with Nielsen gross adex as base) since Q3FY19, prior to which share of radex is based on internal estimates. (4) Viewership share is based on DTAM deployed by Kantar. Share of TV adex is based on Astro and IPG’s estimates (with Nielsen gross adex as base) since Q3FY19, prior to which share

• f TV adex is based on Astro and Group M’s estimates.

(5) Malaysia gross adex figures (covering TV, print, radio, cinema, in store media, outdoor and digital) are based on Nielsen gross adex and IPG’s estimates (6) Numbers may not add up due to rounding differences

FY19 FY20 FY19 FY20 80 80 100 107 80 86 88 84 63 69 64 73 56 60 67 72 8 12 14 16 9 12 12 16 151 161 179 196 145 158 167 172

1Q FY19 2Q FY19 3Q FY19 4Q FY19 1Q FY20 2Q FY20 3Q FY20 4Q FY20

TV Radio Digital Total FY19 FY20

Advertising income (RM mn)

(2) (1)

Total Malaysia gross ADEX YoY growth OVERALL ADEX

• 2%

DIGITAL +15% RADIO

• 10%

TV

• 8%

(2)(5)

77% FY19 FY20 FY19 FY20

Share of radex Share of TV adex Radio listeners (mn) (3) TV viewership share

(4)

• 7%

Share of digital adex Digital MUV (mn)

10 | 4QFY20 results

75%

• 5%
• 8%
• 0.7%

Soft consumer sentiment impacts adex

76% 80% 16.2 16.9 43% 44% 76% 5% 4% 8.3 11.6

352 602 418 429 343 375 341 375 665 693 663 737 609 596 586 626 35% 20% 34% 28% 36% 35% 38% 31%

• 50%
• 40%
• 30%
• 20%
• 10%

0% 10% 20% 30% 40% 50% 500 1000 1500 2000

1Q FY19 2Q FY19 3Q FY19 4Q FY19 1Q FY20 2Q FY20 3Q FY20 4Q FY20 EBITDA margin Content cost/TV revenue Other expenses Content costs

Relentless focus on operational efficiencies

Total cost

NB (1) Content costs are disclosed as part of cost of sales in our financial statements (2) Other expenses include marketing and distribution costs, administrative expenses, STB installation and smartcard costs, depreciation and amortisation, as well as maintenance costs (3) Higher content cost due to 2018 FIFA World Cup in Q2FY19 (4) Normalised EBITDA margin of 34% excluding one-off employee separation scheme cost in Q4FY19 (5) Numbers may not add up due to rounding differences

30% 48% 34% 36%

11 | 4QFY20 results

(RM mn)

1,017 1,295 1,081 1,166

(3) (4)

952 31% 35% 971 36% 927 1,001 32%

NB (1) Numbers may not add up due to rounding differences

Disciplined capex spend

as % of revenue (RM mn)

166 172

FY19 FY20 as % of revenue Key capex investments in FY20 include: ▪ Technology infrastructure across linear, VOD, OTT & digital ▪ Customer experience ▪ Product and service upgrading Cash capex ▪ STBs/ODUs are owned by Astro, and are capitalised ▪ STBs/ODUs are conservatively amortised over 3 years; note that actual useful life is typically greater than 5 years ▪ Discretionary 36 month bullet payment vendor financing is available for Astro for STB/ODU purchases ▪ RM568mn of vendor financing recorded in payables, of which RM249mn is current and RM319mn is non-current

220 179

FY19 FY20

12 | 4QFY20 results

(RM mn) Set-top box (STB) capex 4% 4% 3% 4%

Strong cash generation capabilities

1,899 1,639 608 487 1,291 1,151 Cash from

• perations

Cash from investing Free cash flow Cash from

• perations

Cash from investing Free cash flow

(1) (2) (2) (1)

279% 176% as % of PATAMI (RM mn) FY19 FY20 Free cash flow

…enabling significant flexibility on capital management and dividend policy

NB (1) Excludes investments, disposals and maturities of unit trust and money market funds (2) Excludes repayments of vendor financing and payments of finance leases, which are categorised as cash from financing for consistency with Bursa disclosure (3) Numbers may not add up due to rounding differences

13 | 4QFY20 results

▪ Leveraging on invested capital, AMH continues to be highly cash generative ▪ The Board of Directors of AMH has declared a quarterly dividend of 1.5 sen per share for 4Q FY20 ▪ Quarterly dividend entitlement and payment dates 9 April 2020 and 24 April 2020 respectively ▪ Total dividend declared in FY20 amounts to 7.5 sen, equating to a 60% dividend payout ratio, a departure from Astro’s dividend policy of paying out at least 75% of consolidated profits for the financial year ▪ Given the current heightened uncertainty, the Board believes this prudent approach to be the best course

• f action to conserve liquidity and strengthen the Group’s balance sheet. The Board and Management are

closely monitoring and proactively managing the COVID-19 situation, and its corresponding impact to business and operations

Quarterly dividend announcement

14 | 4QFY20 results

15 | 4QFY20 results

Diverse content slate to entertain

Local vernacular International Sports Regional

Championing local vernacular content that is gaining in popularity

• Produced 11.3k hours of content in

FY20

• Box office: BoBoiBoy Movie 2, The

Garden of Evening Mists, Pusaka etc

• Key signature IPs: Maharaja Lawak

Mega 2019, Big Stage, Evening Edition

Fresh regional content

• Launched iQIYI global app to all

Malaysians, and world’s first iQIYI linear channel bringing over 28 hours

• f fresh content weekly. Both in

partnership with iQIYI – China’s No. 1 streaming platform

Home of live sports

• Live coverage of major local and

international sporting events

• eGG Network, our dedicated eSports

channel hosted first full scale international eSports tournament

• verseas in 2019 – Mobile Legends:

Bang Bang SEA Cup in Manila

Best and latest international content

• Launched HBO GO app in Malaysia,

adding over 4,000 hours of HBO content to our library, in partnership with HBO Asia

• Complimentary for Movies Pack

customers while available as an add-on by other Astro customers

Content: Leading 50% local box office share in 2019

16 | 4QFY20 results

Our movies collectively grossed over

RM75 million

GBO in 2019

• 1. Munafik 2
• 2. Hantu Kak Limah
• 3. Ejen Ali: The Movie
• 4. BoBoiBoy Movie 2
• 5. PASKAL
• 6. Upin & Ipin: Keris Siamang Tunggal
• 7. Polis Evo 2
• 8. Abang Long Fadil 2
• 9. Ola Bola
• 10. The Journey

7 of Top 10 highest grossing Malaysian films of all time are by Astro

TV: Redefining entertainment experience

Stream over 50,000 shows On Demand Record up to 1,500 hours of HD shows simultaneously and retrieve recordings across devices Restart a show from the beginning mid-way through a programme

Play for start Cloud recording Discover VOD

17 | 4QFY20 results

New home screen

Everything you see is yours

Catch Hollywood blockbusters, live sporting events, and documentaries in 4K-UHD alongside…

TV: Elevating viewing experience with HD

• Upgraded all Sports, Movies, Learning and Kids channels to HD
• A total of 101 HD channels to date, featuring 5x greater detail with vibrant colours and

multi-dimensional audio experience versus SD

60% 67% 72% 62 69 101 20 40 60 80 100 0% 20% 40% 60% 80% 100% FY18 FY19 FY20

HD Channels and Penetration rate

HD Services Penetration Rate (%)

• No. of HD Channels

18 | 4QFY20 results

Adex: Reinventing advertising solutions

• Harnessing technology to pioneer

localised advertising on TV

• Serving local advertisements

specifically to particular states in Malaysia to better serve SMEs and local businesses

• Helps advertisers to better allocate

advertising spends

• Deepening Astro’s capabilities for

targeted marketing

Advertising solutions for local and SME businesses

19 | 4QFY20 results

NJOI: Simplified path to purchase

29

free TV channels

>30

NJOI prepaid channels for purchase

20

free radio channels

Supermarket e-pay kiosk Ch 200 Online banking e-wallet

Hassle free top-up at your convenience

WhatsApp Boost Shopee

20 | 4QFY20 results

Broadband: Higher broadband speeds of up to 800 Mbps

21 | 4QFY20 results

• Better coverage with AirTies

Air4830 Mesh Wi-Fi

• Free with 500 Mbps and 800 Mbps

bundle packs

• Watch content in 4K-UHD and

stream over 50,000 shows On Demand

• Able to stream up to 4 devices

concurrently anytime with Astro Go

• Greater savings up to RM840 and

hassle-free bill payment in one single bill

Direct-To-Home IPTV

Content is delivered through satellite Content is delivered through Internet Protocol Speeds up to 800 Mbps Speeds up to 100 Mbps Wider Wi-Fi experience Endless entertainment Greater Savings

In partnership with: In partnership with:

22 | 4QFY20 results

OTT: Embracing streaming services

• Access our On Demand library with
• ver 50,000 shows
• Titles from Hollywood, Korea,

Japan, China, Hong Kong, India, premium Sports, blockbuster movies, kids and popular local vernacular programmes

• Up to 4 devices simultaneously

anytime, anywhere

• Over 4,000 hours of premium

content featuring HBO Originals, Hollywood blockbusters, documentaries, stand-up comedies, kids content and more

• Complimentary for Movies Pack

customers while available as add-

• n by other Astro customers
• iQIYI’s 1st App partner outside

China

• Exclusive rights to deliver iQIYI

content on TV, On Demand and OTT to Malaysians

• App features Astro originals;

increasing visibility of Malaysian talents and content in the global arena

NB (1) Audience measurement is based on GfK (2) Based on average three months (Nov 2019-Jan 2020), Radio Active, Google Analytics

(2)

Radio: Solid terrestrial and digital take-ups

16.9

Weekly listeners (million) FY19 FY20

16.2

#1

In every language

80%

Radex share

• SYOK aggregates all our radio brands
• Features live radio, original podcasts, videos

and articles

• Gateway to all the latest contests

Serving

270k

monthly active users

monthly digital radio users

3 million

23 | 4QFY20 results

Rebranded Malay language channels

Go Shop: Catering to all Malaysians

NB (1) Data presented for 12 months ended 31 January (2) Cumulative since inception as of 31 January

Revenue(1) (RM mn)

1.8 2.2 FY19 FY20

Registered Customers(2) (mn) 374 368

FY19 FY20

and Free-to-Air (“FTA”)

Go Shop RUUMA (CH118) Focusing on home items including furniture, home accessories, kitchen appliances and cookware Go Shop GAAYA (CH120) Showcasing beauty and lifestyle products, travel essentials and the latest fashion trends for stylish individuals of today

Available across all platforms:

24 | 4QFY20 results

Sports Pack Free access to all channels

(excluding pay-per-view and premium Sports channels)

Non-Sports Pack Free access to all movie and news channels All NJOI customers Free access to KIX, Nat Geo Wild, Celestial Movies and Cartoon Network

Keeping Malaysians informed and entertained at home

Complimentary access to selected channels for all customers

25 | 4QFY20 results

Complimentary access to Astro GO for all Malaysians

Appendix

(RM mn) FY19 FY20 EBITDA 1,605 1,723 Margin % 29% 35% Depreciation and amortisation (673) (650) EBIT 932 1,072 Margin % 17% 22% Finance income 38 29 Finance cost (317) (239) Share of post tax results from investments 1

• Impairment of investment

(2)

• PBT

651 863 Tax expense (190) (218) Tax rate % 29% 25% PAT 461 645 PATAMI 463 655 Margin % 8% 13% Normalised PATAMI 563 657 Margin % 10% 13%

NB (1) Depreciation and amortisation excludes the amortisation

• f

film library and programme rights which is expensed as part of content costs (cost of sales) (2) Normalised PATAMI excludes post-tax impact

• f

unrealised forex gain/(loss) FY20: (RM 1mn), FY19: RM (RM 41mn) due to mark-to-market revaluation

• f

transponder-related finance lease liabilities, (ii) 4Q FY19: one-off separation scheme cost of RM58mn (3) Numbers may not add up due to rounding differences

(2) (1)

PAT reconciliation

27 | 4QFY20 results

(RM mn) FY19 FY20 Non-current assets 4,718 4,455 Property, plant and equipment and rights–of-use assets 2,233 2,036 Other non-current assets 2,485 2,419 Current assets 1,542 1,743 Receivables and prepayments 818 678 Cash and bank balances(1) 632 985 Other current assets 92 80 6,260 6,198 (RM mn) FY19 FY20 Non-current liabilities 3,601 3,455 Payables 412 319 Borrowings 3,096 3,043 Other non-current liabilities 93 93 Current liabilities 1,980 1,805 Payables 1,467 1,278 Borrowings 475 479 Other current liabilities 38 48 Shareholders’ equity 679 939 6,260 6,198

Net debt / LTM EBITDA: 1.5x (FY19: 1.8x)

NB (1) Includes money market unit trusts (2) Numbers may not add up due to rounding differences

Balance sheet overview

28 | 4QFY20 results

1,500 615 308 794 305 4Q FY20 Total borrowings: RM3,522mn*

Debt profile

RM term loan Finance lease (primarily satellite transponders)

▪ As at 31 January 2020, outstanding principal stood at USD74.25mn. ▪ First drawdown date was on 8 June 2011, amortised repayment schedule with final maturity date on 8 June

• 2021. Average life: 7 years.

▪ Fully hedged via cross currency interest rate swap at an exchange rate of USD/RM3.0189 and an all-in interest rate of 4.19% p.a. ▪ The thirteenth principal repayment of USD24.75mn (RM74.72mn) paid on 9 December 2019 and next repayment (of the same amount) will be paid on 8 June 2020. ▪ As at 31 January 2020, total outstanding principal stood at RM792.5mn. ▪ A total of RM112.5mn out of the RM792.5mn has amortised repayment schedule with final maturity date on 19 May 2021(Average life: 7 years), at a floating rate (based on cost of funds) of 4.83% p.a. The thirteenth principal repayment of RM37.5mn paid on 19 November 2019 and next repayment (of the same amount) will be paid on 20 May 2020. ▪ Finance lease related to lease of Ku-band transponders on MEASAT-3, MEASAT-3A and MEASAT-3B. Payment arrangement for the remaining contractual years for M3 and M3A have been redenominated into Ringgit at USD/RM3.0445 w.e.f. 21 May 2013. The unhedged portion of the finance lease related to M3B is USD169.4mn. ▪ Effective interest rate: 6.2%, 4.6%, 12.5% and 5.6% p.a. for M3, M3-T11, M3A and M3B respectively, average life: 15 years.

Unrated MTN

▪ The first series of notes under the unrated medium-term notes (MTN) programme of up to RM3.0bn in nominal value of up to 15-year tenor was issued on 10 August 2017. The issuance was for RM300mn with a 5-year tenor at fixed rate of 5.30% p.a. with semi-annual coupon payment. ▪ Bullet repayment on 10 August 2022.

Synthetic Foreign Currency Loan (SFCL)

▪ The USD150mn SFCL facility of 4 years 11 months tenor amounted to RM612.7mn upon conversion at the agreed exchange rate of USD/RM4.0850. ▪ Drawn in 2 tranches of RM306.4mn each on 29 December 2017 and 28 February 2018 respectively, at a fixed rate of 4.80% p.a. with quarterly interest payment. ▪ Bullet repayment on 29 November 2022.

USD term loan

▪ The RM380mn is a term loan facility with a 5-year tenor secured and fully drawn down on 23 August 2018, at a fixed rate of 5.18% p.a. with quarterly interest payment. Repayment will be in 2 tranches i.e. RM50mn on 23 February 2023 and RM330mn on 23 August 2023. ▪ The balance RM300mn is a term loan with a 5-year tenor secured on 28 December 2018. ▪ Drawn down in 2 tranches of RM50mn on 28 March 2019 and RM250mn on 28 June 2019. Floating rate facility (based on cost of funds) of 4.84% as at 31 January 2020, with quarterly interest payment. Repayment will be in 5 equal semi-annual installments, commencing 36 months from the first drawdown i.e. 28 March 2022. *Includes accrued interest of RM17.4mn and net of debt issuance costs of RM4.5mn. USD term loan converted at quarter end rate of USD/ 4.0895

29 | 4QFY20 results

Thank you

astro.com.my