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Telkom Indonesia(TLK) - 2022 Q3 - Earnings Call Transcript
2022-11-01 19:57
Financial Data and Key Metrics - Revenue grew by 2.7% in the first 9 months of 2022, with EBITDA and net income margins at 54.6% and 15.2%, respectively [9] - Mobile segment revenue grew by 1.6% YoY, with EBITDA margin at 37.1% and net income margin at 25.4% [11] - Fixed broadband business (IndiHome) added 138,000 customers, reaching 9 million subscribers, contributing IDR 20.9 trillion in revenue with a growth of 6.4% and a stable blended ARPU of IDR 269,000 [11] - Enterprise segment revenue declined by 0.8% YoY to IDR 13.7 trillion due to the transfer of data center business, but showed a QoQ growth of 10.5% [12] - Wholesale and international business revenue increased by 7.6% YoY to IDR 11.3 trillion, driven by international wholesale voice and digital business [13] Business Line Performance - Mobile segment focused on maintaining customer value, resulting in better customer profiles and a 3.8% QoQ improvement in ARPU [10][27] - IndiHome (fixed broadband) maintained strong growth despite intense competition, with a focus on quality customer acquisition [11][41] - Enterprise segment saw growth in digital IT services and connectivity, despite a slight YoY decline due to business transfers [12] - Wholesale and international business benefited from international voice and digital services, including A2P (Application-to-Person) messaging [13] - Mitratel (tower business) managed over 35,000 towers with a tenancy ratio of 1.44, expanding into fiber-to-the-tower business [13][14] Market Performance - Mobile industry competition became more rational, with Telkomsel focusing on customer value and personalization [10] - Fixed broadband market faced increased competition, but IndiHome maintained its position as the market leader [11][41] - Wholesale and international business saw growth in international voice and digital services, driven by demand for A2P messaging [13] Strategic Direction and Industry Competition - The company is exploring collaborations in data center and cloud business with Microsoft and Singtel, aiming to diversify into retail platforms and services [8][9] - InfraCo initiative aims to optimize infrastructure assets, improve CapEx efficiency, and unlock value through infrastructure sharing [15][20] - The company is pursuing a 5 Bold Moves strategy, focusing on FMC (Fixed-Mobile Convergence), Data Center Co, and InfraCo [15] - Data center business is being consolidated under PT Telkom Data Ekosistem, with plans to complete restructuring by 2024 [17][18] Management Commentary on Operating Environment and Future Outlook - The company faces a challenging macroeconomic environment post-COVID-19, with higher inflation and interest rates impacting Indonesia [7] - Management is focused on maintaining healthy growth in mobile and fixed broadband segments, despite competitive pressures [10][41] - The company sees opportunities in the tower business due to increasing demand for cellular data and upcoming 5G technology [14] - Management is optimistic about the potential of fixed-mobile convergence (FMC) to drive efficiency and customer loyalty [42][71] Other Important Information - The company accelerated depreciation of legacy copper-based technology, impacting IDR 1.584 trillion in Q2 2022 [44][45] - Data center business contributed IDR 1.2 trillion in revenue for the first 9 months of 2022 [79] Q&A Session Summary Question: Subscriber decline in mobile segment - The decline in mobile subscribers is part of a consolidation strategy to focus on quality customers, resulting in a 3.8% QoQ ARPU improvement [26][27] - The consolidation process will continue to improve customer quality and reduce value-seeking customers [29] Question: Strategic intent behind InfraCo - InfraCo aims to optimize infrastructure investments, comply with new regulations, and unlock value through infrastructure sharing [31][32][33] - The company is considering private and strategic investors for InfraCo, with no immediate plans for an IPO [57] Question: Mobile pricing outlook - Mobile pricing adjustments are on hold due to macroeconomic conditions, with a focus on maintaining competitiveness [38][39] - The company is exploring optimal pricing levels while considering customer purchasing power and inflation [48][50] Question: Fixed broadband growth slowdown - Growth in fixed broadband slowed due to increased competition, but the company remains selective in acquiring quality customers [40][41] - The company believes in the long-term potential of the fixed broadband market, with current household penetration at 15% [43] Question: Data center business valuation - The data center business is expected to achieve EBITDA margins of 40%-50% at optimal utilization, with current revenue contribution at IDR 1.2 trillion [76][79] - The company is on track with data center consolidation and development, with plans to list the business in the future [59] Question: Fixed-mobile convergence (FMC) strategy - FMC aims to create value for customers by integrating fixed and mobile services, rather than offering discounts [62] - The company expects cost synergies from FMC, particularly in marketing and CapEx optimization [74][75]
Telkom Indonesia(TLK) - 2022 Q3 - Quarterly Report
2022-10-28 16:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2022 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Exact name of Registrant as specified in its charter) Telecommunications Indonesia (A state-owned public limited liability Company) (Translation of registrant's name into English) Jl. Japati No. 1 Bandung 40133, Indonesia (Addr ...
Telkom Indonesia(TLK) - 2022 Q2 - Earnings Call Transcript
2022-08-03 06:29
Financial Data and Key Metrics - Revenue increased by 3.6%, EBITDA by 4.5%, and net income by 6.9% year-on-year in the first half of 2022 [11] - Telkomsel maintained a healthy EBITDA margin of 57.1% and a net income margin of 26.2% [11] - Unrealized gain of IDR305 billion from equity investment in GoTo shares [11] Business Line Data and Key Metrics - IndiHome revenue reached IDR13.8 trillion with 8.9 million customers, adding 288,000 new customers [12] - Enterprise segment contributed IDR8.7 trillion in revenue, driven by B2B IT Services and Enterprise Connectivity solutions [12] - Wholesale segment revenue increased by 14.6% year-on-year to IDR7.9 trillion [13] Market Data and Key Metrics - Telkom launched a second international communication gateway in Manado, enhancing connectivity for eastern Indonesia and the new capital city [9] - Completion of Phase 1 of the HyperScale Data Center (HDC) and ongoing development of submarine cables Bifrost and SEA-ME-WE 6, expected to be completed in 2024 and 2025 respectively [13][14] Company Strategy and Industry Competition - Telkom is transforming from a telco to a digital telco company, focusing on digital business growth and offsetting legacy revenue decline [9][11] - The company is enhancing its data center business with the completion of the first phase of the HyperScale Data Center, leveraging integrated networks for future business digitization needs [14] - Fixed-mobile convergence (FMC) is being explored to improve customer experience and data integration, with products like Orbit and Smooa [15] Management Commentary on Operating Environment and Future Outlook - Management emphasized the importance of maintaining competitive advantages and focusing on high-value customers to drive healthier growth [20][22] - The company is managing cost pressures and inflation through strategic initiatives, including cost transformation and efficient CapEx allocation [27][28] - Telkomsel aims to defend market share and drive personalized offerings, focusing on network leadership and digital service maximization [34] Other Important Information - Telkom is fostering its ESG strategy by reducing carbon dioxide emissions through the use of gas-fired power plants and solar panels in its HyperScale Data Center [15] - Mitratel acquired 6,000 towers from Telkomsel, strengthening its position as the largest tower provider in Indonesia [16] Q&A Session Summary Question: Mobile base reduction and broadband momentum slowdown [19] - The decline in mobile subscribers is attributed to rotational churn and post-festive season consolidation, with a focus on maintaining leadership and high-value customers [20] - Broadband growth slowdown is due to competition and a strategic focus on high-value customers, with complementary products like Orbit addressing low-end market competition [22] Question: O&M costs moderation and staff costs increase [25] - O&M costs were moderated due to lower content costs, with Telkomsel managing costs related to services like Disney, Netflix, and Zoom [27] - Staff costs increased due to the establishment of the new IndiHome company and its subsidiaries [29] Question: Telkomsel mobile growth and data center updates [33] - Telkomsel aims to defend market share and drive personalized offerings, focusing on network leadership and digital service maximization [34] - Data center revenue growth is expected to pick up with the completion of the HyperScale Data Center, with plans for additional data centers and potential IPO or strategic investment [36] Question: Tariff hikes and industry revenue growth [41] - Tariff hikes are focused on balancing profitability and market share, with competition in Java remaining intense [42] - Industry revenue growth is expected to recover with better competition and pricing strategies, though macro conditions and inflation will be monitored [47] Question: Data center expansion and fixed-mobile convergence strategy [52] - Telkom plans to build two additional HyperScale Data Centers in Cikarang and a greenfield data center in Batam with SingTel, with a capacity of 10 megawatts initially and up to 80 megawatts maximum [53][57] - Fixed-mobile convergence strategy is progressing, with discussions on the injection of IndiHome assets into Telkomsel and potential monetization of fiber assets [62][64]
Telkom Indonesia(TLK) - 2022 Q2 - Quarterly Report
2022-07-29 18:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2022 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Yes ¨ No þ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ¨ No þ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the r ...
Telkom Indonesia(TLK) - 2022 Q1 - Quarterly Report
2022-04-26 10:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2022 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Exact name of Registrant as specified in its charter) Telecommunications Indonesia (A state-owned public limited liability Company) (Translation of registrant's name into English) Jl. Japati No. 1 Bandung 40133, Indonesia (Addre ...
Telkom Indonesia(TLK) - 2021 Q4 - Annual Report
2022-04-21 14:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2022 permitted by Regulation S-T Rule 101(b)(7): Yes No √ Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Exact name of Registrant as specified in its charter) Telecommunications Indonesia (A state-owned public limited liability Company) (Translation of registrant's name into Englis ...
Telkom Indonesia(TLK) - 2021 Q4 - Annual Report
2022-04-21 13:22
Table of Contents | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | | --- | | WASHINGTON, D.C. 20549 | | Form 20-F | | ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 | | OR | | ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the fiscal year ended December 31, 2021 | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | OR | | ☐ SHELL COMPANY REPORT PURSUANT TO SECTIO ...
Telkom Indonesia(TLK) - 2021 Q2 - Earnings Call Transcript
2021-09-01 19:49
PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Q2 2021 Earnings Conference Call September 1, 2021 4:00 AM ET Company Participants Andi Setiawan - Investor Relations Ririek Adriansyah - Chief Executive Officer Heri Supriadi - Finance Director Rachel Goh - Marketing Director FM Venusiana - Consumer Service Director Budi Wijaya - Strategic Portfolio Director Conference Call Participants Piyush Choudhary - HSBC Arthur Pineda - Citigroup Foong Choong Chen - CIMB Niko Margaronis - BRI Danareksa Samuel Chen - Alliance ...
Telkom Indonesia(TLK) - 2020 Q4 - Earnings Call Transcript
2021-05-10 07:19
PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Q4 2020 Earnings Conference Call May 4, 2021 4:00 AM ET Company Participants Andi Setiawan - Investor Relations Ririek Adriansyah - Chief Executive Officer Heri Supriadi - Finance Director Rachel Goh - Marketing Director Setyanto Hantoro - President & Director, Telkomsel Leonardus Wahyu Wasono - Finance Director Conference Call Participants Piyush Choudhary - HSBC Arthur Pineda - Citigroup Niko Margaronis - BRI Danareksa Operator Good day and thank you for standing ...
Telkom Indonesia(TLK) - 2020 Q4 - Earnings Call Presentation
2021-05-05 07:45
Corporate Presentation FY20 Results PT Telkom Indonesia (Persero) Tbk May 2021 Disclaimer This document may contain forward-looking statements within the meaning of safeharbor. Actual results could differ materially from projections, estimations or expectations. These may involve risks and uncertainties, and may cause actual results and development to differ substantially from those expressed or implied in the statements. The company does not guarantee that any action, which may have been taken in reliance ...