Investor Presentaiton
Sarana Menara Nusantara (SMN) Group
Abridged consolidated statement of profit and loss.
(In RP Bn)
2017
2018
2019
2020
2021
2022
2Q22
2Q23
yoy
Revenues
5,337.9
Cost of revenues
Depreciation and amortization
5,867.9
(277.4) (427.5)
(894.9) (1,114.4)
6,454.3 7,445.4 8,635.3
(458.3) (415.2) (480.4)
(1,349.6) (1,644.0) (1,859.8)
11,035.7
2,697.0
2,911.6
8.0%
(607.8)
(153.1)
(169.7) 10.9%
(2,306.7)
(577.8)
(653.2) 13.0%
Gross income
4,165.6
4,325.9
4,646.4
5,386.2
6,295.2
8,121.2
1,966.1
2,088.7
6.2%
Operating expenses
(456.9)
(508.5)
(610.7)
(625.3)
(720.7)
(911.3)
(223.7)
(266.6)
19.2%
Operating income
3,708.7
3,817.4
4,035.7
4,760.9
5,574.5
7,209.9
1,742.5
1,822.1
4.6%
Other income
Interest income
68.1
33.9
Finance charges
(687.3)
(872.3)
39.1
(957.9)
33.6
24.7
23.4
5.7
7.3
(1,090.6)
(1,262.0)
(2,276.4)
(564.8)
(718.4)
Finance charges (PSAK 73)
Foreign exchange gains/(losses), net
(2.4)
(37.3)
56.0
(110.7)
(182.8)
(108.3)
(115.5)
(34.5)
(28.3)
8.9
(92.8)
(65.8)
(8.6)
(Impairment expense)/reversal of
allowance for impairment
Others, net
Other income/ (expense), net
Profit before tax
(139.7)
(144.5) (143.9)
(905.8) (865.7)
2,802.9 2,951.7
153.9
(103.0)
32.5
(13.5)
(4.8)
1.6
(61.0)
(44.0)
(173.3)
(284.6)
(56.9)
(82.3)
(1,026.8)
(1,362.0)
(1,523.5)
(2,750.6)
(714.7)
(830.4)
16.2%
3,008.9
3,398.9
4,051.0
4,459.3
1,027.8
991.7
-3.5%
Corporate income tax expense
Tax expense
(591.3) (695.8)
(722.5)
(691.6)
(810.7)
(930.4)
(208.9)
(205.7)
Deferred tax expense
(111.5)
(55.8)
66.7
146.3
207.6
(32.4)
23.2
29.4
Total corporate income tax expense
(702.8)
(751.6)
(655.8)
Minority Interest
0.0
0.0
11.1
(545.3)
17.6
(603.1)
20.5
(962.7)
(185.7)
(176.4)
5.0%
26.7
Net Income
2,100.1
2,200.1
2,342.0
2,836.0
3,427.4
3,442.0
(4.4)
837.6
(8.6)
806.7
-3.7%
EBITDA
4,603.4
4,931.8
5,385.3
6,404.9
7,434.3
9,516.6
2,320.2
2,475.2
6.7%
YoY Revenue growth
5.60%
9.9%
10.0%
15.4%
16.0%
27.8%
33.8%
8.0%
Gross margin
78.0%
73.7%
72.0%
72.3%
72.9%
73.6%
72.9%
71.7%
EBITDA margin
86.2%
84.0%
83.4%
86.0%
86.1%
86.2%
86.0%
85.0%
Net income margin
39.3%
37.5%
36.3%
38.1%
39.7%
31.2%
31.1%
27.7%
@2023 PT Sarana Menara Nusantara Tbk
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