Strengthening Moratelindo's Market Opportunity
Financial Highlights
Moratelindo has successfully diversified its revenue base and grown Non-Palapa revenues,
driven by the strong demand for Internet capacity
Revenue Composition by Palapa vs Non-Palapa (1)
Gross Profit and Margin
(IDR bn)
(IDR bn)
4,062.4
1,266.8
946.9
4,180.1
3,765.7
1,217.3
1,307.9
2,795.6
2,962.8
2,457.8
1,848.7
47.5%
65.8%
60.7%
2,477.2
2,537.3
1,931.2
2019
2020
2021
2019
2020
2021
■Non-Palapa
■Palapa (Non-Construction) Palapa (Construction)
■Gross Profit
Margin
EBITDA and Margin (2)
(IDR bn)
37.6%
Net Profit and Margin
(IDR bn)
51.3%
49.9%
16.6%
18.0%
16.1%
2,084.9
1,932.4
679.7
676.1
1,526.7
671.4
2019
2020
■ EBITDA
2021
Margin
2019
2020
■Net Profit
2021
Margin
Source: Company information, annual reports
(1)
2019 revenue excludes Palapa construction revenue from concession project. As of December 31, 2020, there was no longer any recognition of construction revenue from service concession due to the implementation of accounting
standard ISAK 16 "Concession services".
(2)
EBITDA refers to earnings before interest, tax, depreciation and amortization and margin is defined as EBITDA divided by consolidated revenue.
oratelindo
broadband company
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