Investor Presentaiton
Our key drivers since 2014
Homes passed / Penetration (a)
(k)
27.4%
28.7%
(k)
(IDRbn)
1,433
+476 homes
1,909
2014
Revenue
1H17
17.7% CAGR(e)
2,136
755
2014
(IDRbn)
57.6%
3,212
2014
LTM 1H17 (f)
a) Broadband penetration based on broadband subscribers divided by homes passed
RGUS
+320 RGUS
1,075
(IDRk/month)
ARPU(b)
+IDR17k/mth
1H17
EBITDA & margins(c)
18.2% CAGR(e)
1,231
58.2%
(IDRbn)
1,869
2014
LTM 1H17 (f)
402
2014
Link Net
419
1H17
EBITDA less cash capex(d)
243
2014
79.2% CAGR(e)
1,045
LTM 1H17
(f)
b) ARPU is calculated by dividing revenue generated during a period by the number of total RGUS at the end of such period, then dividing the quotient by the number of months in such period
c) EBITDA is a non-GAAP financial measure of the Company's performance and should not be considered as an alternative to performance measures derived in accordance with IFAS. Other companies may calculate this non-GAAP measure differently which limits its usefulness as a comparative measure. EBITDA margin is defined as
EBITDA divided by revenue
d) EBITDA less cash capital expenditures (comprising purchases of property, plant and equipment for installation and purchase of intangible assets plus IDR140bn representing the one-time amount spent on acquisition of B2JS subsea cables in 2015) does not take into account the Company's mandatory debt service requirements or
other non-discretionary expenditures and should not be relied on as a measure of the Company's residual cash flow available for discretionary expenditures. EBITDA less cash capital expenditure is a non-GAAP financial measure of the Company's liquidity, excludes components that are significant in understanding and assessing
the Company's cash flows and should not be considered as an alternative to liquidity measures derived in accordance with IFAS. The Company's cash from operating activities was IDR1,182.6bn, IDR1,181.7bn, IDR1,560.7bn, IDR632.4bn and IDR678.7bn for 2014, 2015, 2016 and the six months ended 30 June 2016 and 2017. The
Company's cash used in investing activities was IDR1,039.7bn, IDR1,127.6bn, IDR744.6bn, IDR314.3bn and IDR380.6bn for 2014, 2015, 2016 and the six months ended 30 June 2016 and 2017. Other companies may calculate this non-GAAP measure differently which limits its usefulness as a comparative measure
e) 2014-LTM 1H17 CAGR calculated using a factor of 2.5 to account for the 2.5 years from 31 December 2014 to 30 June 2017
f)
Last Twelve Months (LTM) 1H17 refers to the twelve months period ended 30 June 2017. The unaudited financial data for LTM 1H17 has been derived by adding the Company's financial data for 2016 to the financial data for 1H17 and subtracting the financial data for 1H16. The information is not indicative of the Company's results
of operations for the full financial year ending 31 December 2017 or any interim period and may not reflect the Company's actual performance for the full financial year ending 31 December 2017
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