Investor Factsheet LinkNet | Investors | Corporate Governance Factsheet edit JM
COMPANY
OVERVIEW
Edition 3Q 16
Dominant and Innovative ISP
Company of SCALE in Indonesia
Transforming lives through technology...
STATE-OF-THEART-NETWORK
UNDERPENETRATED,
LARGE MARKET
Technologically Resilient &
Future-proof (HFC & FTTH)
Only 7.7% National
Penetration (mostly ADSL)
Link Net is a dominant player
with a proven track record since
2000. We have a large
residential customer base, with
a focus on Indonesia’s most
affluent households in
Indonesia’s most prosperous
cities. We also have a strong
and growing enterprise
business.
Link Net’s own fiber trunks to
support future bandwidth and
data growth. We have a
highly upgradable HFC
network and we’re rolling out
FTTH in green field areas ~
24 Km cable length
Indonesia is highly underpenetrated(a) and one of the
fastest growing broadband
markets globally(b)
SUPERIOR
PRODUCT &
SERVICES
DEEP AND
EXPERIENCED
MANAGEMENT
NGBB PIONEER
of SCALE
1.8 Mn Affluent Homes & 1 Mn
Rev. Generating Subs.
9M Rev. +14% yoy, EBITDA
+17% yoy, Margin 59%
High 97% bundled take-up rate
Differentiated bundled
packages with significant value.
And second to none, best-inclass services
SOLID
FINANCIAL
RECORD
Our management team has
diverse skills and
complementary expertise with
a strong domestic &
international track record.
Highly attractive financial
profile with faster investment
return, and visible strong
growth trajectory and operating
outlook. We consistently
delivered high margins despite
continued expansion over the
years, and no debt… leaving
us room for continued
expansion and investment in
quality network.
Founded in 1999, PT Link
Net is Indonesia’s first Next
Generation Broadband
(NGBB) provider. From our
modest beginning, we have
grown to be one of the
LARGEST and STRONGEST
Internet and Cable TV
Operator in the country.
We provide superior products
and best-in-class services in
most important metropolitan
cities, with AFFLUENT
Residential homes passed,
and Subscribers/ Revenue
Generating Units (RGUs) of
SCALE. We have also proven
track record in Enterprise
sector with flagships
businesses and institutions
portfolio.
We are very proud of our 20
years long-standing, proven
track records. We constantly
responds and adapt to the
changing environment, with
one thing remain the same –
our focus on service and
helping our customers to
prosper and grow.
(per EOP 3Q 16)
Ticker symbol
Stock Price
(a) Source : Based on MPA data 2013
(b) Source : Based on MPA EOP Dec 2015 data / 2016 MPA Report
LINK
Rp 4,360
Shares outstanding
3 Bn units
Market cap
Rp 13.1Tn
52 wk range
PE (X)
EV/EBITDA (X)
Rp 2,875 – Rp 4,980
16.7x
8.0x
9M EBITDA Margin
Home Passed & RGU
2,000
1,800
1,600
70%
CAGR (2012-2015)
RGUs: 12%
Homes passed: 16%
59%
1,790
1,400
1,194
1,000
200
0
40%
40%
42%
Jasmine
HKBN
35%
506
933
30%
457
600
400
50%
1,433
1,200
800
60%
1,673
27%
30%
392
333
290
20%
489
433
363
304
266
10%
2012
2013
Cable TV
2014
Broadband
2015
3Q16
4%
0%
i-cable
Homes Passed
SK Telecom Indihome
True Corp
Link Net
Link Net continues to expand and now has 23,814 kms of cable in Indonesia’s
highest GDP cities, successfully closing into 1.8 million affluent homes, and
consistently grow Subscribers by 16% CAGR.
Despite continued expansion, Link Net’s EBITDA margin continued to be HIGH ~
59% is one of the highest amongst telco worldwide!
* Source: Link Net company data (as at EOP 3Q 16)
* Source: APAC Broadband companies public disclosures (as at EOP 3Q 16)
Revenue & EBITDA (Rp Bn)
Bundled ARPU ($USD)
$40
$35
$30
$25
$20
$15
$10
$5
$0
3,000
29
30
27
30
27
23
23
30
28
31
28
24
2,500
28
22
24
CAGR (2012-2015)
Revenue: 18%
EBITDA: 20%
2,000
1,500
1,000
2,564
2,145
2,136
1,665
1,450
1,301
1,231
702
1,266
874
500
3Q15
4Q15
Link Net
1Q16
Indonesian Average
2Q16
3Q16
P1
2012
2013
2014
Revenue
2015
3Q16
EBITDA
Proven track record of Superior Product & High Quality Service earns Link Net a
CONSISTENT Market PREMIUM ARPU of ~ US$31 (highest among players in
Indonesia).
Albeit competitions emergence and macro headwinds, Link Net CONSTANTLY
Delivered Double Digit Revenue growth along the years, and a very healthy
EBITDA.
* Source: Media Partners Asia (MPA) & company data (as at EOP 3Q 16)
* Source: Link Net company data (as at EOP 3Q 16)
OVERVIEW
Edition 3Q 16
Dominant and Innovative ISP
Company of SCALE in Indonesia
Transforming lives through technology...
STATE-OF-THEART-NETWORK
UNDERPENETRATED,
LARGE MARKET
Technologically Resilient &
Future-proof (HFC & FTTH)
Only 7.7% National
Penetration (mostly ADSL)
Link Net is a dominant player
with a proven track record since
2000. We have a large
residential customer base, with
a focus on Indonesia’s most
affluent households in
Indonesia’s most prosperous
cities. We also have a strong
and growing enterprise
business.
Link Net’s own fiber trunks to
support future bandwidth and
data growth. We have a
highly upgradable HFC
network and we’re rolling out
FTTH in green field areas ~
24 Km cable length
Indonesia is highly underpenetrated(a) and one of the
fastest growing broadband
markets globally(b)
SUPERIOR
PRODUCT &
SERVICES
DEEP AND
EXPERIENCED
MANAGEMENT
NGBB PIONEER
of SCALE
1.8 Mn Affluent Homes & 1 Mn
Rev. Generating Subs.
9M Rev. +14% yoy, EBITDA
+17% yoy, Margin 59%
High 97% bundled take-up rate
Differentiated bundled
packages with significant value.
And second to none, best-inclass services
SOLID
FINANCIAL
RECORD
Our management team has
diverse skills and
complementary expertise with
a strong domestic &
international track record.
Highly attractive financial
profile with faster investment
return, and visible strong
growth trajectory and operating
outlook. We consistently
delivered high margins despite
continued expansion over the
years, and no debt… leaving
us room for continued
expansion and investment in
quality network.
Founded in 1999, PT Link
Net is Indonesia’s first Next
Generation Broadband
(NGBB) provider. From our
modest beginning, we have
grown to be one of the
LARGEST and STRONGEST
Internet and Cable TV
Operator in the country.
We provide superior products
and best-in-class services in
most important metropolitan
cities, with AFFLUENT
Residential homes passed,
and Subscribers/ Revenue
Generating Units (RGUs) of
SCALE. We have also proven
track record in Enterprise
sector with flagships
businesses and institutions
portfolio.
We are very proud of our 20
years long-standing, proven
track records. We constantly
responds and adapt to the
changing environment, with
one thing remain the same –
our focus on service and
helping our customers to
prosper and grow.
(per EOP 3Q 16)
Ticker symbol
Stock Price
(a) Source : Based on MPA data 2013
(b) Source : Based on MPA EOP Dec 2015 data / 2016 MPA Report
LINK
Rp 4,360
Shares outstanding
3 Bn units
Market cap
Rp 13.1Tn
52 wk range
PE (X)
EV/EBITDA (X)
Rp 2,875 – Rp 4,980
16.7x
8.0x
9M EBITDA Margin
Home Passed & RGU
2,000
1,800
1,600
70%
CAGR (2012-2015)
RGUs: 12%
Homes passed: 16%
59%
1,790
1,400
1,194
1,000
200
0
40%
40%
42%
Jasmine
HKBN
35%
506
933
30%
457
600
400
50%
1,433
1,200
800
60%
1,673
27%
30%
392
333
290
20%
489
433
363
304
266
10%
2012
2013
Cable TV
2014
Broadband
2015
3Q16
4%
0%
i-cable
Homes Passed
SK Telecom Indihome
True Corp
Link Net
Link Net continues to expand and now has 23,814 kms of cable in Indonesia’s
highest GDP cities, successfully closing into 1.8 million affluent homes, and
consistently grow Subscribers by 16% CAGR.
Despite continued expansion, Link Net’s EBITDA margin continued to be HIGH ~
59% is one of the highest amongst telco worldwide!
* Source: Link Net company data (as at EOP 3Q 16)
* Source: APAC Broadband companies public disclosures (as at EOP 3Q 16)
Revenue & EBITDA (Rp Bn)
Bundled ARPU ($USD)
$40
$35
$30
$25
$20
$15
$10
$5
$0
3,000
29
30
27
30
27
23
23
30
28
31
28
24
2,500
28
22
24
CAGR (2012-2015)
Revenue: 18%
EBITDA: 20%
2,000
1,500
1,000
2,564
2,145
2,136
1,665
1,450
1,301
1,231
702
1,266
874
500
3Q15
4Q15
Link Net
1Q16
Indonesian Average
2Q16
3Q16
P1
2012
2013
2014
Revenue
2015
3Q16
EBITDA
Proven track record of Superior Product & High Quality Service earns Link Net a
CONSISTENT Market PREMIUM ARPU of ~ US$31 (highest among players in
Indonesia).
Albeit competitions emergence and macro headwinds, Link Net CONSTANTLY
Delivered Double Digit Revenue growth along the years, and a very healthy
EBITDA.
* Source: Media Partners Asia (MPA) & company data (as at EOP 3Q 16)
* Source: Link Net company data (as at EOP 3Q 16)