dtac first quarter 2011 28 Apr 2011 key highlights Operating - - PowerPoint PPT Presentation

▶
dtac
SMART_READER_LITE
LIVE PREVIEW

dtac first quarter 2011 28 Apr 2011 key highlights Operating - - PowerPoint PPT Presentation

Nov 14, 2023 477 likes •726 views

dtac first quarter 2011 28 Apr 2011 key highlights Operating free cash flow of THB 6.9 billion Strong revenue growth of 11.7% YoY Net adds of 725k Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882

slide-1
SLIDE 1

dtac

first quarter 2011

28 Apr 2011

slide-2
SLIDE 2
slide-3
SLIDE 3

key highlights

Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882
  • Operating free cash flow of THB 6.9 billion
  • Strong revenue growth of 11.7% YoY
  • Net adds of 725k
slide-4
SLIDE 4

highlights

  • perational
slide-5
SLIDE 5 270 274 257 253 250 249 54 52 50 57 59 57 324 326 308 311 309 306 Q409 Q110 Q210 Q310 Q410 Q111 incoming
  • utgoing
  • 6.1%
  • 1.1%
blended MOU (mins / month / sub) 222 218 213 208 215 212 56 54 51 55 56 55 278 272 264 263 271 267 Q409 Q110 Q210 Q310 Q410 Q111 incoming
  • utgoing
blended ARPU (THB / month / sub) subscribers 386 631 352 296 685 725 19.7 20.3 20.6 20.9 21.6 22.3 Q409 Q110 Q210 Q310 Q410 Q111 Net add (in thousands) Accum subs (in millions)
  • Strong net adds driven by E-sarn SIM
promotion.
  • On an equal-day basis, MOU and
ARPU slightly increased QoQ. Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 5
  • 1.9%
  • 1.4%
slide-6
SLIDE 6

financial highlights

slide-7
SLIDE 7

robust YoY revenue growth

service revenue (excl IC) breakdown quarterly revenue (THB million) 7 15.0% 5.3% 4.0% 56.3% 19.4% VAS IR Others Prepaid airtime Postpaid airtime Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 Q410 12.8% 5.4% 4.1% 57.3% 20.5 % Q110 13,722 14,253 14,422 3,181 3,541 3,578 704 1,138 1,675 17,607 18,933 19,675 Q409 Q110 Q210 Q310 Q410 Q111 Service revenue excl IC IC Revenue Handset & Other +11.7% +3.9% 16.2% 4.1% 4.1% 56.6 % 19.1% Q111
slide-8
SLIDE 8

revenue growth illustrated

Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 8 17,607 19,675 Total revenue Q110 Higher voice rev Higher VAS rev Higher IDD & Others Higher IC Higher handset and starter kit sale Lower IR Total revenue Q111
slide-9
SLIDE 9 29% 38% 33% Edge/GPRS Messaging Others 42% 30% 28% Q111

strong growth in non-voice service

VAS breakdown VAS revenues (THB million) 9 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 Q110 42% 30% 28% Q410 1,751 2,137 2,331 12.8% 15.0% 16.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 500 1,000 1,500 2,000 2,500 Q409 Q110 Q210 Q310 Q410 Q111 VAS revenue % to Service rev excl IC +9.0% +33.1%
slide-10
SLIDE 10

sustained improvement in CoS

% to service revenue (excl IC) cost of services (THB million) excluding amortization, IC 10 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 7.6% 6.6% 6.4% 6.1% 5.1% 5.1% 6.4% 5.9% 6.4% 6.3% 6.7% 6.4% 26.4% 26.3% 26.4% 27.3% 27.5% 27.0% 10.0% 15.0% 20.0% 25.0% 30.0% Q409 Q110 Q210 Q310 Q410 Q111 Network Opex Other cost Regulartory cost 5,322 5,599 5,542 38.8% 39.3% 38.4% 20.00% 25.00% 30.00% 35.00% 40.00% 45.00% 2,000 4,000 6,000 8,000 10,000 12,000 Q409 Q110 Q210 Q310 Q410 Q111 Total % to Service rev excl IC +4.1%
  • 1.0%
slide-11
SLIDE 11
  • net IC balance is expected

to decline further.

maintaining net IC balance

normalized net IC cost (THB million)
  • 184
  • 145
  • 82
142 245 238 Q409 Q110 Q210 Q310 Q410 Q111 11 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882
slide-12
SLIDE 12

sharp decline in SG&A expenses

% to normalized revenue SG&A(THB million) excluding amortization 12 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 2,503 2,629 2,284 14.2% 13.9% 11.6% 0.02 0.04 0.06 0.08 0.1 0.12 0.14 0.16 500000 1000000 1500000 2000000 2500000 3000000 3500000 4000000 4500000 5000000 Q409 Q110 Q210 Q310 Q410 Q111 SG&A % to total revenue
  • 8.8%
  • 13.1%
10.2% 9.9% 10.0% 10.5% 10.2% 8.2% 4.6% 4.3% 3.8% 3.8% 3.7% 3.4% 5.1% 4.9% 5.0% 3.7% 4.1% 2.0% Q409 Q110 Q210 Q310 Q410 Q111 Admin excl A&D as % of total revenues Selling and Marketing expenses as % of total revenues Bad debt as % of postpaid revenues
slide-13
SLIDE 13

strong EBITDA and net profit growth

13 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 net profit (THB million) EBITDA (THB million) 6,037 6,630 7,236 34.2% 34.7% 36.6% 10.00% 100.00%
  • 1,000
2,000 3,000 4,000 5,000 6,000 7,000 8,000 Q409 Q110 Q210 Q310 Q410 Q111 EBITDA EBITDA margin +9.1% +19.9% 2,445 2,949 3,332 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Q409 Q110 Q210 Q310 Q410 Q111 +13.0% +36.3%
slide-14
SLIDE 14

healthy financial position

debt repayment (THB billion)
  • perating FCF (THB billion)
  • THB 21.4 billion cash on hand
financial ratios 3.6 5.4 5.0 6.1 5.0 6.9 2.0 0.6 1.0 0.9 1.6 0.3 Q409 Q110 Q210 Q310 Q410 Q111 Operating FCF (EBITDA - Capex) Capex 0.6 0.2 0.2 0.1 87.3 84.5 93.1 95.2 163.8 179.8 14.8 17.7 21.2 26.6 27.2 32.9 Q409 Q110 Q210* Q310* Q410* Q111* Net debt to EBITDA Net debt to Equity FFO to Total Debt (%) Interest Coverage Ratio * Net cash 14 0.7 3.0 0.7 4.6 Q111 Q211 Q311 Q411 2012-2015 Interest Bearing Debt Repayment Early repayment none
slide-15
SLIDE 15

regulatory

slide-16
SLIDE 16

NBTC selection concession amendment

  • In the process of proposing 44 candidates to the

Senate for selection.

  • According to the law, the Senate has 60 days to

select 11 NBTC members.

  • MICT appointed a committee to negotiate with

private operators to obtain compensation.

  • No conclusion has been reached as dtac has not

caused any damage.

16 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882

plaint on True-CAT deal

  • dtac filed a plaint with the Admin Court to review

the legality of the agreement between CAT and True Group.

slide-17
SLIDE 17

850 MHz

3G

slide-18
SLIDE 18 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 18

Phase I: 400 3G sites in BKK area

  • Initial investment of THB 350 million.
  • Additional investment of THB 850 million

upon support from authorities.

  • 3G service launch by Q311.
slide-19
SLIDE 19
  • utlook

2011

slide-20
SLIDE 20

Free cash flow Revenue growth

  • Approx. THB 18.0 billion
  • CAPEX at THB 6 - 7 billion

High single digit 4 – 5 million net adds for the industry.

  • Maintain sub market share, but
  • Quality of sub is more important.

Net adds

20 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882
slide-21
SLIDE 21

appendix

slide-22
SLIDE 22

postpaid

net adds (’000 subs) MOU (mins/month/sub) ARPU (bt/month/sub)
  • 41
1 14 6 14 18 Q409 Q110 Q210 Q310 Q410 Q111 408 396 383 386 377 369 106 106 101 126 131 129 514 502 484 512 509 498 Q409 Q110 Q210 Q310 Q410 Q111 incoming
  • utgoing
  • 2.1%
  • 0.9%
557 553 559 558 557 557 109 109 105 122 125 126 666 662 664 680 682 683 Q409 Q110 Q210 Q310 Q410 Q111 incoming
  • utgoing
22 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882 +3.2% +0.1%
slide-23
SLIDE 23

prepaid

net adds (’000 subs) MOU (mins/month/sub) ARPU (bt/month/sub) 426 630 338 290 671 707 Q409 Q110 Q210 Q310 Q410 Q111 181 178 171 166 175 173 48 46 45 47 48 47 229 224 216 213 222 220 Q409 Q110 Q210 Q310 Q410 Q111
  • utgoing
incoming 253 259 242 238 236 236 47 46 44 49 51 48 300 304 286 287 286 284 Q409 Q110 Q210 Q310 Q410 Q111
  • utgoing
incoming
  • 6.6%
  • 0.7%
23 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882
  • 1.2%
  • 2.0%
slide-24
SLIDE 24

registered vs active subs (in million)

20.9 21.1 21.5 21.8 22.2 22.6 23.0 23.3 24.0 24.7 18.7 18.9 19.2 19.3 19.7 20.3 20.6 20.9 21.6 22.3 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111

registered subs active subs

24 Investor Relations: www.dtac.co.th E-mail: ir@dtac.co.th Tel: 662 202 8882