PT Indosat Tbk 1Q 2008 Results. First Quarter Indosat Presentation

Transcription

1 PT Indosat Tbk 1Q 2008 Results page1

2 Content Emerging Market Indosat overview Our performance Our Strategy Our 2008 initiatives Our CSR

3 Ten players wireless industry Indosat (StarOne) 4.6% Exelcomindo 19.1% Bakrie (Esia) 31.3% Telkom (Flexi) 42.6% Sampoerna Smart Indosat 27.5% Telkomsel 53.4% Mobile8 (Fren) 21.6% CDMA 13.7% 15.7 million Subs GSM 86.3% 96.2 Million Subs Maxis Hutchison : 2.4 Million subs Indosat lives in the most crowded industry in the world, but GSM dominates the industry Company s data and estimates page3

4 IndonesianTelecommunication Market Telecommunication Market CDMA 15,7 mn 13,0% Fixed Phone 8,7 mn 7,2% Wireless Penetration FY % 83% 60% 48% GSM 96,2 mn 79,8% Malaysia Thailand* Philippines Indonesia Source JP Morgan: Asia Telecommunication except Indonesia(1Q-2008) total telecom market: million Source Company data page4

5 Content Emerging Market Indosat overview Our performance Our Strategy Our 2008 initiatives Our CSR

6 Indosat shareholding structure 100% Temasek ST Telemedia Qatar Telecom 75% 25% AMH Public Government of Indonesia 39.96% ICL 0.85% ICLS 44.90% 14.29% Indonesian Government owns 14.29%, including an Series A share Indosat s shares are majority owned by public investors (44.90%). They have been listed in IDX and NYSE for more than 13 years. page6

7 Content Emerging Market Indosat overview Our performance Our Strategy Our 2008 initiatives Our CSR

8 Key highlights 1Q07 1Q08 YoY Operating Revenues (Gross) Rp. 3,774.8 mn Rp. 4,269.2 mn 13% Cellular Revenues Rp. 2,899.0 mn Rp. 3,218.3 mn 11% Fixed Data (MIDI) Revenues Rp mn Rp mn 31% Fixed Voice Revenues Rp mn Rp mn 6% Cellular subscribers 18.0 mn 26.4 mn 47% EBITDA Rp. 2,018.7 mn Rp. 2,205.7 mn 9% EBITDA margin (Net) 58.4% 56.0% -2% Net Income Rp mn Rp mn 27% BTS (Network) expansion 7,666 11,667 52% (1) installed page8

9 Growing Earnings Net Income (Rp. bn) EBITDA (Rp. bn) and EBITDA margin (over net revenue) 1,624 1,410 2,042 10,000 9,000 8, % 90% ,000 7,000 6,000 5,000 4,000 3,000 2,000 6,732 7, % 57.8% 57.6% 58.4% 56.0% 2,019 2,206 80% 70% 60% 50% 40% 30% 20% Q07 1Q08 Basic Earning per Share (EPS) , Q07 1Q08 10% 0% EBITDA EBITDA Margin Q07 1Q08 page9

10 Sound Balance Sheet Interest Coverage 624.3% 585.4% 686.9% Gearing Ratio (Net Debt) 54,4% 56,7% 52,2% 54,3% 57,1% 542.6% 533.7% Q07 1Q Q07 1Q08 Sound Balance Sheet and sufficient flexibility to support business growth Debt to EBITDA 262.7% 224.5% 208.7% 184.3% 268.1% Q07 1Q08 page10

11 Content Emerging Market Indosat overview Our performance Our Strategy Our 2008 in initiatives Our CSR

12 Three pronged cellular strategy Prudent Network rollout Performance based incentives Almost outlets Saving costs Continued product and services innovation Cover all provinces; most regencies and more than 60% districts Cover almost 85%- 90% of population BTS : 11,667 Enhanced distribution scheme Well accepted brand positioning in market Top brand awareness Leading wireless broadband Source: Macquarie 2008 and Company s data page12

13 Content Emerging Market Indosat overview Our performance Our Strategy Our 2008 initiatives Our CSR

14 Key initiatives in 2008 Accelerate expansion outside Java and maintain dominant position in Java Lead in wireless broadband services w ireless services r e b o u n d Grow fixed data services through provision of Indosat Corporate Solution Prepare for competition with the best capacity capability and product and offering innovations Continue prudent network rollout policy page14

15 Guidance 2008 for Investor Maintain Revenue guidance Grow total (net) revenue at least 18%; Grow cellular (net) revenue at least 20% Increase guidance on additional subscriber (net add) to at least 8 million subs Maintain EBITDA margin (over net) between 57%-59% Maintain CAPEX guidance at US$ 1.2 billion (85% will be dedicated for cellular expansion) page15

16 Content Emerging Market Indosat overview Our performance Our Strategy Our 2008 initiatives Our CSR

17 Corporate Social Responsibitlity INDONESIA BELAJAR : workshop for Science & Math teachers, scholarship for poor and potential students, build & support Aceh Schools, archery education, Annual Indosat Wireless Innovation Contests (IWIC) INDONESIA SEHAT : Mobile Clinic in 8 regions SOCIAL PROGRAMS FOR COMMUNITY INDOSAT PEDULI : Disaster aids, Kampung Siaga and community development BERBAGI BERSAMA INDOSAT : SMS donation for disasters page17

18 Thank You page18