1Q 2023 Reported Results and Strategic Growth Initiatives
Cost % Revenue comparison
1Q 2022
4Q 2022
1Q 2023
Revenue
QoQ
YOY
(RM mn)
2,892.4
2,978.3
2,951.5
Direct Costs %
23.6%
20.6%
22.9%
+10.1%
-1.1%
RM mn
683.7
614.3
676.5
Manpower %
24.8%
19.8%
21.1%
+5.5%
-12.9%
RM mn
715.8
590.6
623.1
Operational Costs %
12.0%
21.0%
14.2%
-33.0%
+20.3%
RM mn
348.3
625.5
418.9
YoY Commentary
TM
Lower Customer Project cost at TM One
Lower IRU direct cost, in line with lower IRU revenue at TM Global
Balanced with higher Commission Outpayment at Unifi from higher
new installations
1Q 2022 include separation cost which may be
included in future quarters for 2023
Balanced with higher salary costs
Higher Maintenance Cost
Higher Utilities Cost
Increased License Cost
Higher Advertising & Promotion
Total OPEX
1,747.8
1,830.4
1,718.5
-6.1%
-1.7%
Dep & Amortisation %
20.9%
33.0%
26.3%
Higher CAPEX
-21.1%
+28.6%
Impairment on Assets in the current quarter
RM mn
603.5
983.6
776.0
Total Cost
2,351.3
2,814.0
2,494.5
-11.3%
+6.1%
(RM mn)
Total (%)
81.3%
94.4%
84.5%
-9.9pp
+3.3pp
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