Conference Call 9M131
PT Telekomunikasi Indonesia, Tbk.
9M13 Results
Bandung, 6 November 2013
1
Disclaimer
This document may contain forward-looking statement within the meaning of safe-harbor.
Actual results could differ materially from projections, estimations or expectations. These
may involve risk and uncertainty, and may cause actual results and development to differ
substantially from those expressed or implied in the statements. The company does not
guarantee that any action, which may have been taken in reliance of this document will
bring specific results as expected.
2
C O N T E N T
01
02
Telkom in Brief
Financial and Operational Results
3
01
Telkom in Brief
4
Business and Customer Portfolio
Telecommunication
Information
Media & Edutainment
POTS
Premise Integration Services
Media : Pay TV & FTA
FWA
Content / Portal
Mobile / Cellular
VA, Managed App &
Performance/ITO
International Services
E-Payment
Broadband
ITeS (BPO, KPO)
Network Services
Service
Tower
Retail
Wholesale
Personal
Consumer/Home
SME
Enterprise
OLO ( Other Local Operators )
International
5
Telkom and Subsidiaries
Consolidated
Unconsolidated
6
Current Ownership
Telkom Indonesia is listed at
Indonesia Stock Exchange (IDX),
New York Stock Exchange (NYSE),
London Stock Exchange (LSE) and
also Publicly Offering Without Listing
(POWL) in Japan.
Government
53.1%
3.1%
Public
46.9%
6.9%
Treasury Shares 3.7%
3.7%
211.7Tn*
100,799,996,400 shares
*) as of September 30, 2013
7
Highlights
Well maintained strong financial results
Consol Revenue grew 8.2% YoY to Rp61.5tn
Tsel Revenue grew by 10.4% YoY to Rp44.0tn
Telkom unconsol improve the positive growth at 1.2% YoY
Gaining remarkable subscribers growth
Broadband users grew 41.8% YoY to more than 22.5mn.
Cellular subscribers grew 5.3% YoY to 127.9mn
Telkomsel continues the leadership in network quality and coverage
Total BTS 65,653 units, a 28.7% YoY growth
3G BTS 23,443 units, a 74.8% YoY growth.
New BTS 9M13 11,356 units, a 35.5% YoY growth, average >1,000
BTS/month.
8
02 Financial and Operational Results
9
Data Services
4.8
Users (Mn)
Revenues (Rp Tn)
▲ 36.5%
Mobile
Data
Speedy
7.6
▲ 10.5%
▲ 35.8%
2.9
Fixed Bband
2.1
Mobile Data
50.6
55.3
9M12
9M13
5.5
▲ 7.3%
3.2
3.4
▲ 9.4%
9M12
9M13
10
Cellular Subsidiary
YoY Performance
REVENUE
In IDR Tn
Digital
Business
Legacy
10%
39.9
6.2 36%
EBITDA
In IDR Tn
44.0
NET INCOME
25.2
22.7
8.4
6%
9M13
CUSTOMER BASE
In Million
2%
9M13
Margin
57%
57%
DATA USER
In Million
9M12
9M13
Margin
BTS NEWROLL OUT
9%
9M13
9M12
3.9
9M13
BTS ON AIR
29%
11.4
8.4
9M12
9M13
In Thousand
35%
55
4.5
9M12
9M12
In Thousand
51
5%
30%
29%
128
121
6.8
6.9
12%
35.6
9M12
9M12
13.1
11.7
11%
33.7
CAPEX
In IDR Tn
In IDR Tn
3G
3G
105%
8.0
-25%
3.3 2G
9M13
2G
65.7
51.0
13.4
75%
23.4
37.6
12%
42.2 2G
9M12
3G
9M13
11
Source: 3Q 2013 Management Report Telkomsel
Revenues YoY (Rp Tn)
Tn)
9M12
▲ 8.2%
9M13
0.2
0.2
9.2
10.7
9.7
13.4
61.5
22.6
23.7
23.3
Data Comm, Internet, IT
SMS
VoIP & e-Business
20.1
56.9
8.1
7.6
3.1
9M12
9M13
TOTAL
3.6
Cellular voice Data, Internet, & ITFixed line voice Interconnection
0.9
0.9
Network
2.0
2.4
Other
Note: “Other” among others consists of CPE, Pay TV, Leased
Revenue, Directory Assistance, USO and Modem Sales
12
Expenses YoY (Rp Tn)
Tn)
▲ 7.0%
14.1
40.2
9M12
12.8
9M13
10.6
11.1
7.0
6.3
37.6
3.4
3.6
2.2
2.1
2.2
2.4
0.1
0.0
9M12
9M13
TOTAL
O&M
D&A
Personnel
Interconnection
Marketing
G&A
Other
Note: “Other” consist of (gain)on forex – net, Other Income & Expense – net.
13
Capital Expenditure (Rp Tn)
Tn)
9M13, Total CAPEX Rp12.0 Tn or 19.5% over Revenue
2.6
6.8
2.6
Other
Subsidiaries
Backbone & Access
Infrastructure
Tower, IT, Media,
International Expansion
Radio access network
14
2013 Company Outlooks
Continue to Deliver Value to Shareholders
Revenue Growth
In line with or better than the market for
both TLKM Consolidated and Telkomsel
EBITDA Margin
Stable to slight decline for TLKM
Consolidated and stable for Telkomsel
Capex
Group (Consolidated): 20-25% over Revenue
Allocation:
Telkomsel: 60%
TLKM (Unconsol) & Others: 40%
15
Question and Answer
16
17
9M13 Results
Bandung, 6 November 2013
1
Disclaimer
This document may contain forward-looking statement within the meaning of safe-harbor.
Actual results could differ materially from projections, estimations or expectations. These
may involve risk and uncertainty, and may cause actual results and development to differ
substantially from those expressed or implied in the statements. The company does not
guarantee that any action, which may have been taken in reliance of this document will
bring specific results as expected.
2
C O N T E N T
01
02
Telkom in Brief
Financial and Operational Results
3
01
Telkom in Brief
4
Business and Customer Portfolio
Telecommunication
Information
Media & Edutainment
POTS
Premise Integration Services
Media : Pay TV & FTA
FWA
Content / Portal
Mobile / Cellular
VA, Managed App &
Performance/ITO
International Services
E-Payment
Broadband
ITeS (BPO, KPO)
Network Services
Service
Tower
Retail
Wholesale
Personal
Consumer/Home
SME
Enterprise
OLO ( Other Local Operators )
International
5
Telkom and Subsidiaries
Consolidated
Unconsolidated
6
Current Ownership
Telkom Indonesia is listed at
Indonesia Stock Exchange (IDX),
New York Stock Exchange (NYSE),
London Stock Exchange (LSE) and
also Publicly Offering Without Listing
(POWL) in Japan.
Government
53.1%
3.1%
Public
46.9%
6.9%
Treasury Shares 3.7%
3.7%
211.7Tn*
100,799,996,400 shares
*) as of September 30, 2013
7
Highlights
Well maintained strong financial results
Consol Revenue grew 8.2% YoY to Rp61.5tn
Tsel Revenue grew by 10.4% YoY to Rp44.0tn
Telkom unconsol improve the positive growth at 1.2% YoY
Gaining remarkable subscribers growth
Broadband users grew 41.8% YoY to more than 22.5mn.
Cellular subscribers grew 5.3% YoY to 127.9mn
Telkomsel continues the leadership in network quality and coverage
Total BTS 65,653 units, a 28.7% YoY growth
3G BTS 23,443 units, a 74.8% YoY growth.
New BTS 9M13 11,356 units, a 35.5% YoY growth, average >1,000
BTS/month.
8
02 Financial and Operational Results
9
Data Services
4.8
Users (Mn)
Revenues (Rp Tn)
▲ 36.5%
Mobile
Data
Speedy
7.6
▲ 10.5%
▲ 35.8%
2.9
Fixed Bband
2.1
Mobile Data
50.6
55.3
9M12
9M13
5.5
▲ 7.3%
3.2
3.4
▲ 9.4%
9M12
9M13
10
Cellular Subsidiary
YoY Performance
REVENUE
In IDR Tn
Digital
Business
Legacy
10%
39.9
6.2 36%
EBITDA
In IDR Tn
44.0
NET INCOME
25.2
22.7
8.4
6%
9M13
CUSTOMER BASE
In Million
2%
9M13
Margin
57%
57%
DATA USER
In Million
9M12
9M13
Margin
BTS NEWROLL OUT
9%
9M13
9M12
3.9
9M13
BTS ON AIR
29%
11.4
8.4
9M12
9M13
In Thousand
35%
55
4.5
9M12
9M12
In Thousand
51
5%
30%
29%
128
121
6.8
6.9
12%
35.6
9M12
9M12
13.1
11.7
11%
33.7
CAPEX
In IDR Tn
In IDR Tn
3G
3G
105%
8.0
-25%
3.3 2G
9M13
2G
65.7
51.0
13.4
75%
23.4
37.6
12%
42.2 2G
9M12
3G
9M13
11
Source: 3Q 2013 Management Report Telkomsel
Revenues YoY (Rp Tn)
Tn)
9M12
▲ 8.2%
9M13
0.2
0.2
9.2
10.7
9.7
13.4
61.5
22.6
23.7
23.3
Data Comm, Internet, IT
SMS
VoIP & e-Business
20.1
56.9
8.1
7.6
3.1
9M12
9M13
TOTAL
3.6
Cellular voice Data, Internet, & ITFixed line voice Interconnection
0.9
0.9
Network
2.0
2.4
Other
Note: “Other” among others consists of CPE, Pay TV, Leased
Revenue, Directory Assistance, USO and Modem Sales
12
Expenses YoY (Rp Tn)
Tn)
▲ 7.0%
14.1
40.2
9M12
12.8
9M13
10.6
11.1
7.0
6.3
37.6
3.4
3.6
2.2
2.1
2.2
2.4
0.1
0.0
9M12
9M13
TOTAL
O&M
D&A
Personnel
Interconnection
Marketing
G&A
Other
Note: “Other” consist of (gain)on forex – net, Other Income & Expense – net.
13
Capital Expenditure (Rp Tn)
Tn)
9M13, Total CAPEX Rp12.0 Tn or 19.5% over Revenue
2.6
6.8
2.6
Other
Subsidiaries
Backbone & Access
Infrastructure
Tower, IT, Media,
International Expansion
Radio access network
14
2013 Company Outlooks
Continue to Deliver Value to Shareholders
Revenue Growth
In line with or better than the market for
both TLKM Consolidated and Telkomsel
EBITDA Margin
Stable to slight decline for TLKM
Consolidated and stable for Telkomsel
Capex
Group (Consolidated): 20-25% over Revenue
Allocation:
Telkomsel: 60%
TLKM (Unconsol) & Others: 40%
15
Question and Answer
16
17