PT Indosat Tbk. First Quarter 2007 Results. 1Q 2007 Results Page 1

Transcription

1 PT Indosat Tbk First Quarter 2007 Results 1Q 2007 Results Page 1

2 Key Highlights in 1Q 2007 (YoY) Operating revenues (New Reporting Format) increased by 30.2% Operating revenues (Old Reporting Format) increased by 19.14% Fixed Data (MIDI) revenues increased by 8.3% Cellular Subscribers growth by 39.1% IDD traffic increased by 25.8 % EBITDA increased by 19.8% Net Income increased by 26% 1Q 2007 Results Page 2

3 Key Business Segment Cellular Business Fixed Data (MIDI) Fixed Telecomm (Voice) 77% of Total Revenues 13% of Total Revenues 10% of Total Revenues Matrix Postpaid for high end users Indosat International Leased Circuit International Frame Relay/ATM VSATs Wholesale Internet Access IDD 001 Premium IDD Mentari Prepaid for general users IM3 Prepaid for the young & trendy Domestic Leased Circuit Domestic Frame Relay/ATM VSATs Corporate Solutions IDD 008 Budget IDD FlatCall 016 Flat Rate IDD 3G HSDPA services for wireless broadband IP Virtual Private Network Dedicated and Dial Up Internets Wi-Fi & HotSpots StarOne Fixed Wireless Access GlobalSave VoIP Service 1Q 2007 Results Page 3

4 Wireless Market 1Q-07 ESIA 20% Mobile 8 24% Indosat FWA 5% CDMA 12% FLEXI 51% XL 15% GSM 88% ISAT 27% New License Holders Hutchison CP Tel Maxis TSEL 58% Source: Company reports and estimates 1Q 2007 Results Page 4

5 Cellular Subscribers Composition In thousands Cellular Subscribers Subs composition as end of Mar-07 Prepaid 95% 16,705 14,512 9,754 Postpaid 5% ARPU (Rupiah) 217, ,006 1,316 50,448 58,836 48,501 55,507-1, Prepaid Postpaid Blended 1Q 2007 Results Page 5

6 Data Communications & Broadband (In billion rupiah) Fixed Data (MIDI) Revenue 1,694 1,484 1,902 Fixed Data (MIDI) revenues increased 8.3% (YoY). The main driver of growth is the increase from both corporate IP-related services such as IP-VPN, and Non IP based services such as high speed leased lines Key Growth Performances in 1Q 2007 are: International High Speed Leased Circuit 180.1% Domestic High Speed Leased Circuit 48.6% IP-VPN 103.2% 1Q 2007 Results Page 6

7 Fixed (Voice) Telecommunication 1,000, , , , , , , , , ,000 0 Trend in IDD Traffic (in thousands minutes)) 78% 84% 87% 22% 16% 13% 87% 84% 13% 16% Outgoing Incoming Revenues Composition (1Q 2007) Cellular 77% FIXED (Voice) 10% Fixed Data (MIDI) 13% Fixed (Voice) telecommunication contributed 10% to operating revenues mostly from IDD revenues. The revenues increased as the impact of the increase in revenue from International calls (IDD) and Fixed Wireless Access services. 1Q 2007 Results Page 7

8 Cellular Network Coverage Indosat Nationwide Cellular Coverage Non Java; 34% Number of BTS 1Q 2007 Java; 66% BTS 2G & 3G BSC MSC 1Q Q ,971 7, Q 2007 Results Page 8

9 Financial Performance (YoY) In billion Rupiah Operating Revenues Rp 3, % (New Reporting Format) Operating Revenues Rp 3, % (Old Reporting Format) Operating Income Rp 1, % EBITDA Rp 2, % Other Income (Expenses) Rp (329.4) 13.2% Net Income Rp % 1Q 2007 Results Page 9

10 Revenues and EBITDA growth Top Line 14.5% growth YoY Maintain EBITDA Margin (new reporting format) within the range of 57 59% Positive trend continue to show up since April 2006 Operating Revenues (Old reporting format) (Rp billion) 10,430 11,590 12,239 (Rp billion) EBITDA and EBITDA Margin (Old) 7, % 6,732 6, % 58.1% 2,900 3, % 57.6% 1,685 2,018 Operating Revenues (New reporting format) (Rp billion) 10,430 11,590 12,239 (Rp billion) EBITDA and EBITDA Margin (New) 58.1% 57.7% 57.6% 58.1% 6,732 7,052 6,017 2,900 3, % 1,685 2,018 1Q 2007 Results Page 10

11 Sound Balance Sheet EBITDA Margin (Old Reporting Format) 58,4% 58,1% 58,1% Interest Coverage 559.2% 542.6% 585.4% 524.7% 686.8% 57,7% 57,6% Debt to EBITDA Net Debt to Equity 54.4% 56.7% 53.8% 54.3% 191.9% 224.5% 208.7% 213.5% 184.3% 41.6% Sufficient resources and flexibility to support plans and actions 1Q 2007 Results Page 11

12 Committed Shareholders Indosat s shares are majority owned by public investors (44.90%) ST Telemedia through Indonesia Communications Limited owns (39.96%) and Indonesia Communications Pte Limited owns (0.85%) Indonesian Government owns 14.29% including Series A share Republic of Indonesia Public 40.81% 44.90% 14.29% Listed on the JSX, SSX and NYSE Note: (1) Per 31 December Q 2007 Results Page 12

13 Key Initiatives in 1Q 2007 Provided 7,666 BTS on air at the end of 1Q 2007 Continued innovative marketing and promotion initiatives by commencing Mentari Seru Improved distribution scheme and mechanism to support product availability and market expansion 1Q 2007 Results Page 13

14 Guidance for 2007 Net Additional 5-6 million customers Total Revenue growth by 20% Maintain EBITDA Margin (Old Reporting Format) within 57-59% Maintain current market share Fixed Data (MIDI) to grow by 15-20% Deploy BTS Capital Expenditures of at least USD 1 Billion 1Q 2007 Results Page 14

15 Recent Development Bond issuance of total Rp 3 Trillion Indosat gained approval from BAPEPAM to issue Indosat Bond V of Rp2.6 Trillion and Sukuk Ijarah II of Rp400 Billion in Indonesian Rupiah to support our aggressive network expansion. Indosat Bond V are divided by two series i.e, series A will mature in seven years and series B will mature in ten years. Indosat Sukuk Ijarah II will mature in seven years. Mentari Tariff Program Marketing promotion to strengthen Mentari positioning. This initiative consist of competitive local call Launched 3.5G services in 16 cities Indosat lauched 3.5G services in 16 cities which are Jakarta, Surabaya, Bandung, Yogyakarta, Medan, Balikpapan, Semarang, Denpasar, Batam, Makassar, Jepara, Kudus, Cepu, Salatiga, Magelang dan Cilacap. With Full HSDPA technology, data transfer can reach up to 3.6 Mbps or nine times faster than regular 3G. 1Q 2007 Results Page 15

16 Thank You 1Q 2007 Results Page 16