PT Link Net Tbk.
Corporate Presentation Version Q3 2015
PT Link Net Tbk. Corporate Presentation Version Q3 2015 Disclaimer - - PowerPoint PPT Presentation
PT Link Net Tbk. Corporate Presentation Version Q3 2015 Disclaimer THE INFORMATION CONTAINED IN THESE MATERIALS IS STRICTLY CONFIDENTIAL AND MAY NOT BE FORWARDED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON (WHETHER
Corporate Presentation Version Q3 2015
Disclaimer
THE INFORMATION CONTAINED IN THESE MATERIALS IS STRICTLY CONFIDENTIAL AND MAY NOT BE FORWARDED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON (WHETHER WITHIN OR OUTSIDE YOUR ORGANIZATION/FIRM) FOR ANY PURPOSE AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARDING, PUBLICATION, DISTRIBUTION OR REPRODUCTION OF THESE MATERIALS IN WHOLE OR IN PART IS UNAUTHORIZED. IMPORTANT: You must read the following before continuing. In accessing the attached summary information presentation (this “presentation”), you are agree to be bound by the following terms and conditions. Confirmation of Your Representation: These materials and their contents may not be viewed by persons within Canada, Japan, the People’s Republic of China (excluding the Hong Kong Special Administrative Region) or by persons in the United
Neither these materials nor any of their contents may be disclosed or distributed or used for any other purpose without the prior written consent of PT Link Net Tbk (the “Company”). All information herein should be regarded as indicative, preliminary and for illustrative purposes only. Such information reflects prevailing conditions as of the date of this presentation, all of which is subject to change. The Company does not make any representation or warranty (express or implied) or accepts any responsibility or liability for the accuracy or completeness of these materials or any or all of the information in these materials or otherwise made
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reflect future events or circumstances, except as required under applicable laws. This presentation includes certain forecasts and projections. By their nature, forecast and projected financial information address a hypothetical situation, and therefore do not represent the actual financial position or results of the Company had the transactions described therein been completed at the dates assumed or any other date, or in the future and should not be regarded as an indication of the operating results generated by the Company or of the future financial position of the
This presentation contains certain non-GAAP measures, including Adjusted EBITDA and EBITDA, that are not audited, not included in the Company's audited financial statements and not presented in accordance with Indonesian Financial Accounting Standards. The measures have been used by management as a supplemental measure of the Company’s performance. Although these measures are either contained in or fully reconcilable to line items on the Company's audited financial statements and/or based on management accounts, they may not be equivalent to similarly named measures used by other companies, and should not be considered as a measure comparable to income statement items for the year in the financial statements. This presentation also contains certain statistical data and analyses (the “Statistical Information”) which have been prepared in reliance upon information furnished by the Company and/or third party sources for which the Company has either
the Statistical Information’s accuracy, appropriateness or completeness in any particular context, nor as to whether the Statistical Information and/or the assumptions upon which they are based reflect present market conditions or future market
quoted without the prior written consent of such third party. Statistical Information provided by PT Nielsen Audience Management (“Nielsen”) is about demographic trends and not product performance and is aimed at Nielsen clients in the media
information/data measures consumer sentiment and confidence in the future of the economy, expenditure and saving patterns and major concerns. Such information/data reflects the optimism of consumers of the overall economic condition which includes future job prospects, and the indication of how consumers will spend and save their money in the next 12 months. This information/data is for general information and research purposes only and should not be viewed as a basis for investments. Any references to Nielsen should not be considered as Nielsen’s opinion or endorsement as to the value of any security or the advisability of investing in the Company This presentation does not purport to be a complete description of the terms of or the risks inherent in any actual or proposed transaction described herein. You should not construe any statements and/or information made in this presentation as tax or legal advice. The recipient of this presentation must conduct its own investigation and analysis of the proposed transaction and the information and data contained in this presentation and in connection with the proposed transaction should you proceed. No information set out in this presentation will form the basis of any contract. In furnishing these materials, none of the Company or any other person undertakes any obligation and/or liability to provide any additional information, to update these materials or to correct any inaccuracies or incompleteness which may become apparent. This presentation does not constitute or form part of and should not be construed as an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be restricted, prohibited or unlawful. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS PRESENTATION ELECTRONICALLY OR OTHERWISE, IN WHOLE OR IN PART, TO ANY OTHER PERSON IS UNAUTHORIZED. FAILURE TO COMPLY WITH THIS PARAGRAPH MAY RESULT IN A VIOLATION OF THE SECURITIES ACT, THE CAPITAL MARKETS LAW OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. IF THIS PRESENTATION HAS BEEN RECEIVED IN ERROR, IT MUST BE DELETED IMMEDIATELY.
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BANKING & FINANCE HOTELS & RESORTS UNIVERSITY & SCHOOLS HEALTH CARE
14 Hospitals
PROPERTY & REAL ESTATE RETAIL & STORES
350 Stores
Lippo’s strategic business pillars
SHOPPING MALLS
49 Malls
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Lippo TMT holistic eco-system under one roof
Data Center Electronic Payment IT & BP Outsourcing System Integrator Content Production Online Media Cable TV & Satellite TV Printed Media Broadband Internet Fiber Optic Network 4G Network Satellites Operators Document Management Cinema In Building Services
TECHNOLOGY TELECOM MEDIA
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Link Net key milestones
Network ownership under First Media Network ownership under Link Net
506
655 933 1,194
1,604 1999 2000 2007 – 2008 2011 2013 2014 till YTD’15
2010 2011 2012 2013 2014
1999 Launch of Cable TV services 2000 Launch of Internet services 2002 Sole provider to IDX of remote trading network 2014
placement (Oct) Post transaction shareholding (Dec)
33.8%
33.5%
32.7% Jun 2011
network and related assets from First Media
2002
2007 – 2008 Launch of broadband services and bundled packages
Number of homes passed (‘000)
2010 Launch of HD
553
Jun 2011
2013
Greater Surabaya and Bandung
the residential sector
2010
1,433
9M’15
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A large and underpenetrated market
(a) Based on 2015, Source: Media Partners Asia (b) 2014 – 19 CAGR, Source: Media Partners Asia and BMI (c) Based on 2015, Source: Media Partners Asia (d) Based on 2013, Source: Nielsen (e) Growth from 2010 to 2030, Source: McKinsey Global Institute (f) Based on 2010, Source: McKinsey Global Institute (g) By 2030, Source: McKinsey Global Institute (h) 2014-19 CAGR, Source: Media Partners Asia Source: World Bank, Media Partners Asia, McKinsey Global Institute
Indonesia is a large and attractive cable market with faster growth in larger cities
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Indonesia today… …with a highly compelling macro story
251 million people(a) 4th largest by population country(c) in the world 54% of Indonesians under 30 years of age(a)
One of the youngest(c) populations in the world
5.8% real GDP growth rate(b)
One of the fastest growing economies in the world(b) Consumption contribute to over 59%(d) of GDP Consumer class to grow by 90 million(e)
53%(f) urban population contributed to 74%(f) of
GDP
71%(g) urban population to contribute 86%(g)
6.1% fixed broadband penetration rate(c) Of the highest fixed broadband growth of 10.8% CAGR(h)in the world 10.0% pay TV penetration rate(c) Fast Pay TV growth of 8.8% CAGR(h)
Large population base Young population High GDP growth CAGR Under-penetrated broadband Under-penetrated pay TV Consumption driven economy Urbanization with GDP concentration in cities
3 Mbps 200 Mbps
speedy linkNetLink Net undisputed leader in Next Generation Broadband (NGBB) in Indonesia
Large and fast growing market illustrates strong demand…
…and Link Net having the highest number of cumulative homes passed and subscribers
% ADSL Subs.
90% 89% 83%
(a) Competitors subscribers and homes passed based on end 9M 2015, sourced from press releases, websites and internal data. Link Net data as of 9M 2015. Source: Media Partners Asia and Company data
…in an industry with only 2 key broadband players…
No other residential NGBB network of SCALE
2014-19 CAGR
21.4% 9.2%
1,789 3,400 5,280 193 414 1,093 2011 2014 2019 ADSL Cable / FTTx 100 Mbps
* Indihome ADSL
421,000 60,000
Subs. market share(a)
84%
12%
Homes Passed Link Net 1.6 Mio TLKM FTTH 570K MNC Play 131K BizNet 250K MyRepublic 150K
Natural barriers to entry and first mover advantages
record (lower scale)
record (quality & reliability). Existing subscribers reluctant to provide
access for new cable laying given amount of hassles
And most attractive households already taken up by first mover
business *
*) Based on 1H 2015 Company Data
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DOCSIS 3.0 enabled allowing high speed Internet connectivity up to 200Mbps 870MHz high capacity network(a) that enables our industry leading HD channels offering ~22,050 km of cable laid out in the 4 key regions Highly upgradable network
i.
Clear path to speeds up to 860Mbps without converting to FTTH
ii.
On average 360 homes per node – among the lowest globally(b)
iii.
Reasonable capex required to adopt FTTH if required in the long term
iv.
Economies of scale from large international bandwidth capacity of 180Gbps & Submarine cable capacity 4,000 Gbps Fully owned fiber backbone and last mile(c) – ensuring high quality services and cost control
(a) Expected to be fully compliant by end of 1Q 2015 (b) Source: Media Partners Asia (c) Limited exceptions for certain last mile owned by property developers Source: Company data
Rollout of FTTH network is costlier than HFC and
requires technical expertise to install
FTTH requires costlier consumer premise
equipment to support speed of 500Mbps or more Cost efficient to support current ARPU levels and
Majority of residential broadband subscribers subscribing for less than 100Mbps speed Flexibility to upgrade to FTTH with reasonable capex whenever required
HFC capable to offer large number of HD channels and VAS services (no real advantage for FTTH)
Technologically neutral, resilient and state-of-the-art network
In Indonesia today, HFC is still more suitable than FTTH
9 15,211 14,386 9,425 130 Jakarta Bandung Surabaya Indonesia 117 107 99 31 Jakarta East Java West Java Rest of Indonesia
(a) Key cities in East Java include Gresik, Bangkalan, Mojokerto, Surabaya, Sidoarjo, Lamongan and West Java includes Bandung (b) Rest of Indonesia figure is the average of the remaining top 12 provinces as per BPS excluding Jakarta, East Java and West Java Source: Media Partners Asia, Biro Pusat Statistik (BPS), Nielsen and Company data
Targeting the most attractive cities...
Operating in provinces with high GDP in Indonesia Operating in cities with high population density in Indonesia
% of national GDP
13% 12% 11% 4%
Total population (millions)
10.1 2.5 3.1 248
(b) (a) (a)
Addressable market for Link Net
Per km2 in 2013 2013 GDP (US$ bn)
E E D D C2 C2 C1 C1 B B A2 A2 A1 A1 2010 2013E Axis title
...and most attractive & fastest growing demographics
Link Net’s target market A1 >4,500 A2 3,000 – 4,500 B 2,000 – 3,000 C1 1,500 – 2,000 C2 1,000 – 1,500 D 700 – 1,000 E < 700 Households in Link Net's operating cities(a)
(a) Cities include Jakarta, Surabaya and Bandung Source: Nielsen 2014, assuming 4 pax per household (b) As per Nielsen 2015, AB households minimum expenditure is upgraded to Rp. 2,500,000
Affordable entry level packages also available for C1 segment customers Increasing proportion of AB segments since 2010 Unsatisfied demand for quality broadband and premium entertainment experience ABC1 growth driven by robust Indonesia macro fundamentals where lower income CDE hhs moving to affluent AB households
Monthly expenditure (IDR ‘000) (b)
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2.9% 6.3% 17.8% 23.2% 25.6% 16.9% 7.3% 6.4% 9.1% 28.6% 27.9% 19.1% 6.8% 2.2%
AB : 27% AB : 44% UAB segment less price sensitive
Examples of target customers households
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Premium Intermediate Entry level
Link Net is the only NGBB player of scale in Indonesia
Greater Jakarta
Bandung
Greater Surabaya
Bali
(a) Based on addressable market of AB SES households as defined by Nielsen (2013 definition of SES classification) Source: Company data (As of 9M 2015), World bank, Media Partners Asia
Link Net is operating in the most attractive metropolitan areas of Indonesia
Hubs: 23 Total homes passed: > 1.6 Mio Total cable length: 22,050km
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199 359 529 849 1,649 2,175 3,119 (US$15) (US$28) (US$41) (US$65) (US$127) (US$167) (US$239)
(a) US$1 : IDR13,000 exchange rate was assumed Source: Company data as of Sept. 2015 All price is including CPE rental All price exclude 10% VAT
Profitability margins are similar across all packages from entry-level to most premium tier package
Catering to a large addressable market from a large C population to a fast growing AB segment D’Lite
subscribers with basic Internet and TV channel needs
Elite
packages which deliver faster Internet and more TV channel genres
Supreme
consumers who are looking for full access to high speed Internet and all channels
Maxima
users of high speed internet who require full access to all channels
1 2 3 4
50 Mbps 162 channels 25 Mbps 162 channels 12 Mbps 134 channels 6 Mbps 110 channels
(US$)(a) IDR ‘000
Family
subscribers with basic Internet and TV Channel needs
2 Mbps 90 channels
5
100 Mbps 162 channels 200 Mbps 162 channels
6 7
Infinite Ultimate
possible combined with dedicated premium customer and technical service for users that demand the best service available
With a wide range of packages catering to a large addressable market
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Significant value to customers through Combo packages Q3
Package price(a)
(a) For comparison across products, packages analysed offer 2, 6 & 12 Mbps for Link Net vs. others similar mbps Internet package (b) USDIDR exchange rate of 13,000 Source: Company data, Corporate websites of service providers as of 30 Sept. 2015
($15) (US$)(b) IDR ‘000 199 359 529 360 485 353 350 349
6 Mbps 110 channels 2 Mbps 90 channels 2 Mbps 69 channels 10 Mbps 69 channels 7 Mbps 69-84 channels 6 Mbps 76 channels 10 Mbps 76 channels
($28) ($27) ($28) ($37) ($27) ($27) ($15) ($41)
12 Mbps 134 channels
Successful upselling through focused marketing efforts
(a) 2015 Combo repackage Source: Company data
Continuous innovations to stay ahead of the game
127,290 133,710 162,981 201,800 2012 2013 2014 9M 2015
15
Combo Product Retail Price Movement(a)
150 159 169 199 280 309 339 359 380 409 449 529 550 609 669 849 1,479 1,479 1,649
Q4 2012 Q3 2013 Q1 2014 Q1 2015
FAMILY DLITE ELITE SUPREME MAXIMA
(IDR ‘000s)
6%
Q4 2012 to Q1 2015
16% 12% 9% 10%
Proven track record of package enhancements and upselling to drive ARPU growth
402 415 FY 2014 9M 2015 Blended ARPU
Solid operating performance despite external pressures
Homes Passed (‘000) RGUs (‘000) and Churn% ARPU (IDR ‘000) 1,433 1,604 FY 2014 9M 2015 392 437
363 410
2.2% 2.3% FY 2014 9M 2015
Broadband Cable TV Churn Rate
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Key highlights – 9M 2015
Delivered steady financial results and growth over last 3 quarters amidst external pressures
Posted solid operating performance, further strengthening foundation for continued growth
Record quarter acquisition numbers in other wise low season Q3; Nett addition 34K boosted by re-marketing efforts and re-visiting sales comission structure Enterprise acquired more flagships accounts & secured additional strategic partnerships with reputable corporations in Q3 2015. YTD 1,564 accounts recorded FTTH Pilot finalized in September 2015 Recent Awards & Accolades:
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237 286 692 834 82 105 239 317 205 242 579 689 10 16 40 47 534 649 1,550 1,887 3Q-14 3Q-15 9M-14 9M-15 Broadband - residential Enterprise Cable TV Others
Steady revenue growth in 9M 2015
Revenue (IDR bn)
1 “Others” primarily includes revenue from payment charges, installation charges and auxiliary equipment sales.1
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892 1,079
57.6% 57.2% 9M-14 9M-15
Healthy margins maintained
EBITDA (IDR bn) Net Profit (1) (IDR bn)
EBITDA and Net profit margins
421 461
27.2% 24.4% 9M-14 9M-15
1 Finance costs in YTD September 2015 P&L include net foreign exchange losses of Rp47 billion and financing and payment channel charges of Rp32 billion.19
278 134 144
Total Cash Total Debt Net Cash
Capex breakdown1 (IDR bn)
777 554 787 173 184 251 45 39 39
995 777 1,078
2013 2014 Sep 2015
Network-related Capex CPE Capex Other Capex
1 Capital expenditure represents additions to property, plant and equipment (PPE). 2 Network-related capital expenditure is the sum of additions to head-end electronics and network service control points. 3 CPE capital expenditure is the sum of additions to converters, decoders, cable modems and set-top boxes. 4 Other capital expenditure is the sum of additions to land, buildings, leasehold improvements, furniture and fixtures, office equipment and vehicles. 5 Total cash and debt position as of Sep 30, 2015. Total debt mainly comprises vendor financing.2 3 4
Net Cash with large leverage capacity5 (IDR bn) Net Cash
Cash flow positive despite continued expansion
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Our strategies to drive future growth
Expand network coverage into areas with attractive penetration potential ~ approximately 200K to 240K additional homes passed per annum Increase penetration in existing coverage areas ARPU growth of around 3% - 5% Increase penetration of large and untapped enterprise market Grow advertising sales to monetize un-utilised inventory
Enterprise
15-20% of
Revenue Residential
80-85% of Revenue
A B C D E
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Appendix
finance in various industries including telecoms and media
certifications.
I.e. CFO and CEO First Media, CEO Berita Satu, CFO Link Net, etc. Irwan Djaja, Deputy Chief Executive Officer
Link Net’s deep and experienced management team
Complementary skills and expertise with strong domestic and international track record
Source: Company data
positions at leading global and Indonesian technology companies including Microsoft, Motorola, PT Teknologi, Andalan Solusindo Pratama and PT Ander Cakra Buana Richard Kartawijaya, Chief Executive Officer
StarHub Desmond Poon, Chief Technology Officer Iris Wee, Chief Marketing Officer
Content at StarHub Dewi Dharma Yanti , Director of Corporate Resources
Agus Setiono, New Roll Out (“NRO”) Director
Liryawati, Investor Relation Director
Sales and Retail
position as CMO to BOLT! 4G TD-LTE Operator Joseph Lembayung, Enterprise Director
Account, Project, Channel & Marketing in Carrier, Enterprise and Corporate & regional role
Clarissa Joesoep, Chief Financial Officer
and media industries
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Edward Sanusi, Operations Director
models for software development, ISP, Cable TV, Social Media and system integration.
Pirantiniaga
Profit and loss summary
Period ending Dec. 31, 9M ending Sep. 30, 3M ending Sep. 30, (IDR bn) FY 2014*) 9M 2014*) 9M 2015 3Q 2014*) 3Q 2015 Revenue 2,136.0 1,550.2 1,886.9 534.2 649.4 EBITDA 1,233.5 892.4 1,079.2 311.5 364.3 D&A
Operating Profit 840.1 613.8 706.7 213.7 228.6 Margin % 39.3% 39.6% 37.5% 40.0% 35.2% Finance Income 17.8 13.4 11.5 5.0 3.2 Finance Cost
Share in Loss of Associate
0.0 Profit Before Tax 759.0 565.1 618.7 192.1 195.7 Tax Expense
Net Profit **) 560.3 421.3 460.9 143.5 147.3 Margin % 26.2% 27.2% 24.4% 26.9% 22.7%
*) As restated for implementation of new accounting standards, among others **) Net profit before proforma adjustment for FMTV acquisition
As at Dec 31 As at Mar 31, As at Jun 30, As at Sep 30, (IDR bn) 2014*) 2015 2015 2015 Current Assets Cash and Cash Equivalents 366.8 396.6 328.4 277.9 Trade Receivables1 176.8 201.5 209.7 229.7 Total Current Assets 583.2 642.7 578.0 556.6 Non-Current Assets Property, Plant and Equipment - Net 2,693.6 2,860.1 3,114.0 3,415.7 Total Non-Current Assets 3,167.9 3,312.2 3,558.2 3,759.3 Total Assets 3,751.0 3,954.8 4,136.2 4,315.9 Current Liabilities Payables1 108.4 132.6 196.5 224.1 Current Maturities of Long-Term Debt 90.7 95.3 97.2 92.6 Total Current Liabilities 547.4 634.1 662.4 697.7 Non-Current Liabilities Long-Term Debt – Net of Current Maturities 91.3 72.2 49.2 41.7 Total Non-Curent Liabilities 156.8 140.9 122.6 119.5 Total Liabilities 704.2 774.9 785.0 817.2 Total Equity 3,046.9 3,179.9 3,351.2 3,498.7 Total Liabilities and Equity 3,751.0 3,954.8 4,136.2 4,315.9
Balance sheet summary
Net Cash of IDR 144bn
1 Receivables among others include receivables from both third parties and related parties. Payables include payables to both third parties and related parties. *) As restated for implementation of new accounting standards25
Economic stimulus packages recently announced by the Indonesian government
1st Stimulus – Economic Growth/Investment 2nd Stimulus – Economic Growth/Investment 3rd Stimulus – Cutting OPEX costs 4th Stimulus – Boost Labor Employment 5th Stimulus – deepen Capital markets
maritime transport, and agriculture, fishery and forestry product processing.
‒ processing industries operating in special economic zones and public-private partnerships in infrastructure ‒ Telco companies making a minimum investment of Rp500b can apply for a tax holiday
investment into the Indonesian banking system
these concessions.
investment permits faster and cheaper from 8 days to just 3 hours ‒ Eligibilities: IDR 100 billion investment (~ USD $7 million) and to employ at least 1,000 people
identification numbers
time to importers to attach labels on products.
local banks (to boost forex liquidity) Currently income tax is 20 percent. ‒ 10% tax apply 1-month USD deposits at local banks; 2.5% tax for 6-month deposits; zero tax for deposit accounts over 6-months. ‒ 1-month IDR accounts, a 7.5% tax will apply; 5% tax for 3-month deposits; zero tax for 6-month (or longer)
have been lowered.
per liter, effective per 10 October 2015.
industries for usage between 11pm and 8am. ‒ Companies engaged in labor-intensive sectors plagued by financial turmoil are allowed to delay paying electricity bills (up to 60% of the bill) to the next year.
fertilizer industry (Only for industries). The price of gas for other (petrochemical, ceramics, etc.) will be reduced similarly
wage x (% annual inflation rate during the year + % GDP annual increase during the year). Not applicable to 8 provinces (min. wage still below basic cost of living). Instead granted an extra 5% rise annually for the next 4 years.
‒ Expand eligibility: individuals, legal entities with productive micro, small and medium enterprises (MSMEs), Migrant workers working overseas, family members migrants with a fixed income. ‒ include: agriculture, fisheries, manufacturing, trade (excluding trade of imported goods, fish exports, domestic rice trade and F&B retail), services. KUR interest rate slashed to 12% from 22%
Agency (LPEI) to subsidize and provide cheaper loans for export-oriented companies to expand
by end 2015), 4% (if done by 1H16) and 6% (if done in 2H16).
unseparated from holding company. Dividend paid by the special purpose company [SPV] to the REITs [investor] is not a tax-object anymore
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Broadband subscribers share by technology and ARPU
Indonesia Broadband
Subs.: 57,876 K
Wireless Broadband
Subs.: 54,062 K
Fixed Broadband
Subs.: 3,814 K ARPU: US$ 12
ADSL
Subs.: 3,400 K ARPU: US$ 11
NGBB
Subs.: 414 K
HFC (Cable)
Subs.: 379 K ARPU: US$ 18
FTTH
Subs: 35K ARPU: US$ 14
(a) Based on 2015 Media Partners Asia (MPA) data ending December 21, 2014
93% 7% 89% 11% 92% 8%
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Pay TV subscribers share by technology and ARPU
Indonesia Pay TV
Subs.: 3,744 K
DTH
Subs.: 3,113 K ARPU: Rp 110,716
Cable TV
Subs.: 394 K ARPU : Rp 181,624
IPTV
Subs.: 108 K ARPU : Rp 69,664
DTT
Subs.: 130 K ARPU Rp 88,324
(a) Based on 2015 Media Partners Asia (MPA) data ending December 21, 2014
87% 0.3% 10.2% 2.6%
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Industry accolades achieved over time
Top Brand Award 2014
Internet Service Provider Fixed From Frontier Consulting Group & Marketing Magazine (Consecutive 2012–2014)
Corporate Image Award 2014
Pay TV From Frontier Consulting Group & Tempo Magazine (2012 & 2014)
Corporate Image Award 2014
Internet Provider From Frontier Consulting Group & Tempo Magazine (2014)
Top Telco 2014
Top Fixed Internet 2014 From Ikatan TI Indonesia & itech Magazine (2014)
Net Promoter Leader Award 2014
Pay TV and BB/Fixed ISP category From SWA magazine (Consecutive 2011-2014)
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Our recent achievements
PEFINDO25 Stock Price Index (August 1, 2015 to January 31, 2016)
Company/Stock with sound financial and liquidity performance PEFINDO25 initiated by Central Bank Indonesia and IDX
2015 Frost & Sullivan Indonesia Excellent Awards
Fixed Broadband Service of the Year (Company recognized to have pushed boundaries of excellence – rising above competitions and demonstrating
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