Founded in 1999, PT Link Net is Indonesia’s first Next Generation Broadband (NGBB) provider. From our modest beginning, we have grown to be one of the LARGEST and STRONGEST Internet and Cable TV Operator in the country.
We provide superior products and best-in-class services in most important metropolitan cities, with AFFLUENT Residential homes passed, and Subscribers/ Revenue Generating Units (RGUs) of SCALE. We have also proven track record in Enterprise sector with flagships businesses and institutions portfolio.
We are very proud of our 20 years long-standing, proven track records. We constantly responds and adapt to the changing environment, with one thing remain the same – our focus on service and helping our customers to prosper and grow.
COMPANY
OVERVIEW
Dominant and Innovative ISP
Company of SCALE in Indonesia
Transforming lives through technology...
Edition 3Q 16
Ticker symbol LINK
Stock Price Rp 4,360
Shares outstanding 3 Bn units
Market cap Rp 13.1Tn
52 wk range Rp 2,875 – Rp 4,980
PE (X) 16.7x
EV/EBITDA (X) 8.0x
(per EOP 3Q 16)
NGBB PIONEER of SCALE
1.8 Mn Affluent Homes & 1 Mn Rev. Generating Subs.
Link Net is a dominant player with a proven track record since 2000. We have a large residential customer base, with
a focus on Indonesia’s most
affluent households in
Indonesia’s most prosperous
cities. We also have a strong and growing enterprise business.
STATE-OF-THE- ART-NETWORK
Technologically Resilient & Future-proof (HFC & FTTH)
Link Net’s own fiber trunks to
support future bandwidth and data growth. We have a highly upgradable HFC
network and we’re rolling out
FTTH in green field areas ~ 24 Km cable length
UNDER- PENETRATED, LARGE MARKET Only 7.7% National Penetration (mostly ADSL)
Indonesia is highly under-penetrated(a) and one of the
fastest growing broadband markets globally(b)
SUPERIOR PRODUCT & SERVICES
High 97% bundled take-up rate
Differentiated bundled packages with significant value. And second to none, best-in-class services
DEEP AND EXPERIENCED MANAGEMENT
Our management team has diverse skills and
complementary expertise with a strong domestic & international track record.
SOLID FINANCIAL RECORD
9M Rev. +14% yoy, EBITDA +17% yoy, Margin 59%
Highly attractive financial profile with faster investment return, and visible strong growth trajectory and operating outlook. We consistently delivered high margins despite continued expansion over the years, and no debt… leaving us room for continued expansion and investment in quality network.
(a) Source : Based on MPA data 2013
4%
27% 30% 35%
40% 42% 59%
0% 10% 20% 30% 40% 50% 60% 70%
i-cable SK Telecom Indihome True Corp Jasmine HKBN Link Net
9M EBITDA Margin
Despite continued expansion, Link Net’s EBITDA margin continued to be HIGH ~ 59% is one of the highest amongst telco worldwide!
* Source: APAC Broadband companies public disclosures (as at EOP 3Q 16)
29 30 30 30 31
27 27 28 28 28
23 23 24 22 24
$0 $5 $10 $15 $20 $25 $30 $35 $40
3Q15 4Q15 1Q16 2Q16 3Q16
Bundled ARPU ($USD)
Link Net Indonesian Average P1
Proven track record of Superior Product & High Quality Service earns Link Net a CONSISTENT Market PREMIUM ARPU of ~ US$31 (highest among players in Indonesia).
* Source: Media Partners Asia (MPA) & company data (as at EOP 3Q 16)
Albeit competitions emergence and macro headwinds, Link Net CONSTANTLY Delivered Double Digit Revenue growth along the years, and a very healthy EBITDA.
* Source: Link Net company data (as at EOP 3Q 16)
266 304
363 433
489
290 333
392
457
506
933
1,194
1,433
1,673
1,790
0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000
2012 2013 2014 2015 3Q16
Home Passed & RGU
Cable TV Broadband Homes Passed
Link Net continues to expand and now has 23,814 kms of cable in Indonesia’s highest GDP cities, successfully closing into 1.8 million affluent homes, and consistently grow Subscribers by 16% CAGR.
* Source: Link Net company data (as at EOP 3Q 16) CAGR (2012-2015)
RGUs: 12% Homes passed: 16%
1,301
1,665
2,136
2,564
2,145
702 874
1,231
1,450
1,266
500 1,000 1,500 2,000 2,500 3,000
2012 2013 2014 2015 3Q16
Revenue & EBITDA (Rp Bn)
Revenue EBITDA CAGR (2012-2015)
