PT Link Net Tbk 1Q2018 Earnings Slides vF

PT Link Net Tbk
Q1 2018 Earnings Conference Call
April 30, 2018

Double Digit Revenue & Earnings Growth
Revenue, EBITDA , Net Profit

EBITDA (Rp Bn)

Revenue (Rp Bn)
600

550

59.0%

58.5%

50%

500

40%

450

400
350

534
473

30%
20%

300

10%

250

0%

Q1 2017

907

Q1 2018

Net Profit (Rp Bn)
300

809

60%

29.2%

35%

29.4%

30%
25%
20%

250

15%
10%

200

236

266

0%

150

Q1 2017

5%

-5%

Q1 2018
100

-10%

Q1 2017

Q1 2018

2

Continued subscriber growth and continued record high
ARPU
RGU (‘000)

98%

ARPU (Rp ‘000)

97%

1,200

90%

1,000
70%
800

560

551

50%

600
30%

400

581

570
200

-

418

419

420

421

421

Dec-17

Mar-18

10%

-10%

Dec-17
Broadband

Mar-18
Cable TV

Bundling Rate

Mar-17

Jun-17

Sep-17

Blended ARPU
3

Continued homes passed and decreasing churn
Homes Passed (‘000)

Churn

CAPEX (Rp Bn)

2,034

2,000

2.4%

2.4%

288

2.3%
184

Dec-17

Mar-18

Sep-17

Dec-17

Mar-18

Q1 2017

Q1 2018

4

HOOQ & Catchplay

5

Historical dividend payout ratio
0.6

50%

0.5

0.4

35%
0.3

20%

0.2

0.1

0

0
2014

2015

2016

2017

6

Shareholders structure

Free float
30.8%

First Media
34.8%

CVC
34.4%

7

Share buyback
1. Price up to Rp 6,000/share
2. Maximum size of 7.1% of paid up capital – 216,028,106 shares
3. Period of 18 months as of January 2018

8

Thank You