Info Memo - XL Axiata
! "
# #
!#
Income Statement (In Rp Billion)
2005
GSM:
Postpaid
Prepaid
Interconnection & Inroaming
Other GSM (Starter Pack, VoIP, etc.)
Total GSM
Growth
305
2,796
821
264
4,186
632
4,047
1,025
486
6,189
107%
45%
25%
84%
48%
116
277
140%
4,301
6,466
50%
(688)
(1,096)
35%
50%
Non GSM
Total Gross Revenue
2006
Less: Discount
Less: COGS (Interconnection, BHP, USO, Starter Pack & Voucher)
(511)
(731)
Net Revenue
3,059
4,682
53%
Labor Cost (Permanent & Temporary)
Marketing & Selling expenses
Infrastructure Expenses
Support & Overhead Expenses
Total OPEX
330
358
392
243
1,324
494
654
613
367
2,128
50%
82%
56%
51%
61%
EBITDA
1,735
2,554
47%
40%
39%
EBITDA Margin
Depreciation & Amortization
1,165
1,526
31%
570
1,028
80%
EBIT
Other Income/(Expense)
Interest expense
Interest income
Forex gain/(loss)
Others
Total Other Expense
(401)
22
(362)
(142)
(883)
Profit/(Loss) Before Tax
(313)
Income tax benefit/(expense)
Profit/(Loss) After Tax
(416)
52
345
(6)
(25)
1,002
!
*
/
0
" + +$
' 0
+
$ %&' ,)
%&'
,
%&' ( ),
+
$ "
(351)
N/A
(224)
652
N/A
"
% !&
-'
! #
% !& 2 " %&' ( / ,
.* 3 !3
3
/
"
$!
1 -/*
#
((*
1- *
0
+
$ %&' ( )
"
%&'
-(* 3 !3
$ %&' ( -&
N/A
89
! ""
& "
4%
140%
N/A
-96%
-97%
' 0
- $!
$
%&' ( .(
$
%&'
+ + 3
+
/ (
-$!
#
$ %&' / -)
'
3
#
"
$"
"
$
)'-
"
,'
"
3 4 5&
"
3
"
3 )-*
"
"
$
3
"
'6
$ /
4 5 23 3 2 "
"
1 3
$
.'
"
1
"" "
"
" 2 "
3
$
7
)'-
#
"
3
$
"
"
EBITDA (in Rp billion)
6,466
2,554
4,301
1Q06
1,566
1,712
1,900
2Q06
3Q06
4Q06
$
'
Gross Revenue (in Rp billion)
1,287
3
1,735
2005
2006
572
636
712
634
1Q06
2Q06
3Q06
4Q06
2005
2006
Total opex in Q4 2006 was Rp 714 billion, which represented 53% increase YoY from Rp 466 billion in Q4
2005 and 31% increase QoQ from Rp 543 billion in Q3 2006. FY 2006 opex increased by 61% to Rp 2,128
billion from Rp 1,324 billion in FY 2005. The increase in FY 2006 opex was due to the followings:
'"
" #
& 1
"
!,
"
# & #&
"
Outlook
*)
Stable
Stable
Upgraded to positive outlook in Feb 07
# #
!#
Income Statement (In Rp Billion)
2005
GSM:
Postpaid
Prepaid
Interconnection & Inroaming
Other GSM (Starter Pack, VoIP, etc.)
Total GSM
Growth
305
2,796
821
264
4,186
632
4,047
1,025
486
6,189
107%
45%
25%
84%
48%
116
277
140%
4,301
6,466
50%
(688)
(1,096)
35%
50%
Non GSM
Total Gross Revenue
2006
Less: Discount
Less: COGS (Interconnection, BHP, USO, Starter Pack & Voucher)
(511)
(731)
Net Revenue
3,059
4,682
53%
Labor Cost (Permanent & Temporary)
Marketing & Selling expenses
Infrastructure Expenses
Support & Overhead Expenses
Total OPEX
330
358
392
243
1,324
494
654
613
367
2,128
50%
82%
56%
51%
61%
EBITDA
1,735
2,554
47%
40%
39%
EBITDA Margin
Depreciation & Amortization
1,165
1,526
31%
570
1,028
80%
EBIT
Other Income/(Expense)
Interest expense
Interest income
Forex gain/(loss)
Others
Total Other Expense
(401)
22
(362)
(142)
(883)
Profit/(Loss) Before Tax
(313)
Income tax benefit/(expense)
Profit/(Loss) After Tax
(416)
52
345
(6)
(25)
1,002
!
*
/
0
" + +$
' 0
+
$ %&' ,)
%&'
,
%&' ( ),
+
$ "
(351)
N/A
(224)
652
N/A
"
% !&
-'
! #
% !& 2 " %&' ( / ,
.* 3 !3
3
/
"
$!
1 -/*
#
((*
1- *
0
+
$ %&' ( )
"
%&'
-(* 3 !3
$ %&' ( -&
N/A
89
! ""
& "
4%
140%
N/A
-96%
-97%
' 0
- $!
$
%&' ( .(
$
%&'
+ + 3
+
/ (
-$!
#
$ %&' / -)
'
3
#
"
$"
"
$
)'-
"
,'
"
3 4 5&
"
3
"
3 )-*
"
"
$
3
"
'6
$ /
4 5 23 3 2 "
"
1 3
$
.'
"
1
"" "
"
" 2 "
3
$
7
)'-
#
"
3
$
"
"
EBITDA (in Rp billion)
6,466
2,554
4,301
1Q06
1,566
1,712
1,900
2Q06
3Q06
4Q06
$
'
Gross Revenue (in Rp billion)
1,287
3
1,735
2005
2006
572
636
712
634
1Q06
2Q06
3Q06
4Q06
2005
2006
Total opex in Q4 2006 was Rp 714 billion, which represented 53% increase YoY from Rp 466 billion in Q4
2005 and 31% increase QoQ from Rp 543 billion in Q3 2006. FY 2006 opex increased by 61% to Rp 2,128
billion from Rp 1,324 billion in FY 2005. The increase in FY 2006 opex was due to the followings:
'"
" #
& 1
"
!,
"
# & #&
"
Outlook
*)
Stable
Stable
Upgraded to positive outlook in Feb 07