Letter No. SB-056/CSL-LN/PE/V/15 Company’s Name PT Link Net Tbk
Stock Code LINK
Attachment 1
Subject Report of Public Expose Result - Annually
Submission of Public Expose Result
Referri g to the letter of the Co pa y’s u ber SB-051/CSL-LN/PE/V/15 dated Mei 11, 2015, the Company convey result of the Public Expose as attached.
Participants who attended the public expose event (excluding the management and employees of the Company) are 28 people.
Sender Dicky Setiadi Moechtar Position Corporate Secretary Date and Time May 19, 2015 18:01:01
Attachment 20150519 LINK - SB-056 - Penyampaian Hasil Public Expose Th. 2015.pdf This document is an official document of PT Link Net Tbk which does not require any signature due
to electronically generated by the electronic reporting system. PT Link Net Tbk takes full responsibility for the information contained in this document.
No: SB-056/CSL-LN/PE/V/15 Jakarta, May 19th, 2015
To:
PT Bursa Efek Indonesia (Indonesia Stock Exchange) Gedung Bursa Efek Indonesia
Jl. Jend. Sudirman Kav. 52-53 Jakarta Selatan 12190
Up : Mr. Hoesen
Director of Listing
Mrs. Umi Kulsum
Head of Listing Service Sector
Subject : The Submission of Annually Public Expose Result PT Link Net Tbk
(“The Company”) date May 15th
, 2015
Dear Sir,
To meet the Regulation I-E point V.2 Decision of the Board of Director of Jakarta Stock Exchange No.: Kep.-306/BEJ/07-2004, dated 19 July 2004, regarding Obligation of Information Submission, and referring to the Company’s letter No. SB-046/CSL-LN/PE/V/15, dated April 29th, 2015, concerning the submission of the planning of Public Expose Year 2015, and letter No. SB-051/CSL-LN/PE/V/15, dated May 11th, 2015, concerning the content submission of Public Expose Year 2015, we herewith submitted the report of the Company’s Annually Public Expose:
1. Annually Public Expose was held on: Day/Date : Friday, May 15th, 2015 Time : 13:30 – 14:30
Venue : Ballroom A, Hotel Aryaduta Tugu Tani Jakarta Jl. Prapatan 44-48, Jakarta 10110
2. The Company's management are present:
Dicky Setiadi Moechtar : Direktur dan Corporate Secretary 3. Public attendance:
The private financiers
Journalists from various media;
(attached photocopy of the attendance list – Annex 1).
4. Summary of the question and answer in the Annual Public Expose attached as Appendix 2.
5. Annual Public Expose was opened by Dicky Setiadi Moechtar as the Company’s Director and Corporate Secretary, at 13:30 and continued with the presentation material content Annual Public Expose 2015 in the form of presentation as attached (Annex 3). 6. Annual Public Expose closed by Mr. Dicky Setiadi Moechtar, on 14:30.
Please be informed accordingly and thank you for your attention.
Yours faithfully,
PT Link Net Tbk
For and behalf of Board of Directors
(signature)
Dicky Setiadi Moechtar
Director and Corporate Secretary
Cc:
Summary of questions and answers in the 2015 Public Expose : Question 1:
What are the results of the General Meeting of Shareholders held today? What kind of expansion will be done by the company for this year, and how many of subscribers by year-end? How much capex are used by the company and the source of funds? What explanation from the company about whether or not the MNC's plan to acquire PT Link Net Tbk, and why the stock should be removed? Any opportunity to increase the company's revenue? Answer:
- Approval of the Company’s Annual Report including Laporan Tugas Pengawasan Dewan Komisaris for the book year ended on 31 December 2014, as well as work plans and the development of the Company.
- Approval on the Annual Accounts consist of Balance Sheet and Profit and Loss Report of, as well as the approval for full release and discharge to all members of the Board of Directors and Board of Commissioners for the action and monitoring measures that have been carried out for the book year ended on 31 December 2014.
- Not distribute any dividend to shareholders for the book year 2014 and the total net income recorded as retained earnings.
- Delegate the authority to the Company’s Board of Directors and/or the Board of Commissioners to appoint Registered Public Accountant Firm in the Financial Service Authority (Otoritas Jasa Keuangan/OJK) and that meet international standards to audit the Balance Sheet, Profit and Loss Report and any other part of the Company’s Financial Report. And give authorization to the Board of Directors to set the fee or honorarium of the Public Accountant.
- No change on the composition of the Company’s Board of Directors and Board of Commissioners. so that the order remained as in previous years and the list as follows: Board of Directors
President Director : Mr. Roberto Fernandez Feliciano Director : Mr. Dicky Setiadi Moechtar Director : Mr. Sigit Prasetya
Director : Mr. Andy Nugroho Purwohardono Director Independen : Mr. Henry Jani Liando
Board of Commissioners
President Commissioner : Mr. Ali Chendra
Commissioner : Mr. Edward Daniel Horowitz Commissioner : Mr. Lorne Rupert Somerville Independent Commissioner : Mr. Jonathan Limbong Parapak Independent Commissioner : Mr. Bintan Regen Saragih
For a term until the date of closing of the General Meeting of Shareholders of the Company for the financial year 2016.
- To authorize the Board of Directors with the rights of substitution to restate the resolution concerning the appointment the member of the Company’s Board of Directors and Board of Commissioner before a notary deed if needed. For such purpose to make a formal appearance if necessary, give explanations, make, have made, signed notary deed as well as do all actions to resolve the matter above.
- To authorized to the President Commissioner of the Company to determine the honorarium, salary and other allowances for the Board of Directors and the Board of Commissioner.
And also has held Extraordinary General Meeting which resulted in several decisions, especially to approve the amendment of the Articles of Association of the Company in connection with the OJK Regulations Number 32 of 2014 and Number 33 of 2014, as well as as well as other applicable laws and regulations in the capital market including changes to Article 11, Article 12, Article 13, Article 14, Article 15, Article 16, Article 17, Article 18, Article 19, Article 20 of the Articles of Association of the Company. To authorize the Board of Directors with the rights of substitution to do all actions in accordance with the Meeting resolution.
About the expansion of networks that we usually refer to as homespassed. Homespassed itself is a term for homes that have been passed by the cable own by the company, so they can enjoy the services of the company. So the house was a one homespassed. In the first quarter the company managed to add 57,000 new homespassed, and we plan until the end of the year 200,000 homespassed.
For networks we have planned this year funds will be used 1 trillion and sources of funding we will use internal cash.
Regarding MNC would intend to buy the company, we can state that the company policy can not comment on such rumors, and the board could not comment on behalf of the shareholders.
One strategy is to increase revenue delivered media sales. In the pay-TV service, we can deliver ads locally present channel number 18, and with the agreement with the owner of the content we can insert ads into it, and now we've sold to the brand owner or the manufacturer of the other services, so that the company obtain income. We see at the moment there is plenty of room to increase revenue from the sector, if we look from the percentage as much as 4% of total revenues, in the more mature market we should reach 8%, and of course we will increase it gradually, as aggressive as possible. And one more thing about sales is one of the media advantage is a large margin due to its low cost.
Question 2:
The achievement of CAPEX is about 1 trillion rupiah, what are the funds used for? Up to the end of April what is the percentage achieved? And what is the net profit target this year? Answer:
CAPEX is mainly used to increase the number of homespassed or to expand the networks of the company service coverage, and it is particulary to purchase the equipment used to develop homespassed such as cable and cost for its installation, set top box, thus the equipment to be used in the development of the network itself. Further the supporting means such as software or hardware which will be invested to be able to serve the company’s subscribers.
Up to now in Q1 274 billion has been achieved and we are planning to achieve 11 trillion rupiah by end of the year.
As to the income target for this year, we have made a target of 28% approximately equal to that of last year, and similarly the net profit target is around 25%-28%.
Question 3:
Does the subsidiary of PT Link Net Tbk plan to conduct IPO, such as PT Indonesia Media Televisi?
Answer:
Our share ownership in the subsidiary is only about 15%, the remaining is owned by another company, therefore the company that should answer this question is the company that has greater portion of shares in IMTV which in this case is Multipolar.
Question 4:
Please explain about the network expansion in regions, to which extend is the expansion? Answer:
The Company will focus on three cities which are the three main markets, first Jakarta and its surroundings that still has great potential for expansion, and then Surabaya that has a greater potential and Bandung that has even greater potential, because in the latter two cities, the total network is much less than in Jakarta. Just as a reference that Jakarta with its 30 million population, in terms of households it is close to 5 million households and we are looking for approximately 2 million households, therefore we consider that there is still room for expansion in Jakarta. Surabaya has a greater potential for expansion. Similarly in Bandung, Bandung is one of the cities in Indonesia that has the highest number of internet users, thus first is Bandung and second is East Jakarta. Therefore, in our view there is still a great opportunity to expand cable networks in these three cities to increase the number of homespassed. In addition, we believe that this is the right moment to continue to expand in order to widen the company market and eventually will increase the number of subscribers, revenues and increase company productivity.
Question 5:
With respect to network expansion, is there any plan for Fiber To The Home, when would that likely to occur?
Answer:
At present the company relies on HFC (Hybrid Fiber Coaxial), which is a mature and reliable network technology and the company has mastered this technology. The Company is utilizing DOCSIS 3.0 based HFC technology that allows increasing or decreasing the bandwidth of high speed internet service. Further, from the analysis we made on the internet usage for the next 7 years, we believe that the current technology could still meet the need of the public. However, certainly the technology such as FTTH (Fiber To The Home), is promising to provide a better service, therefore the company is still open to the possibility of investing using that technology, and actually the company has used that technology for the subcribers of corporation sector, however we still need to study the residential sector, particularly regarding the total investment and it will be made in accordance with the demand of customers. When the time is right where the cost and benefit are reasonable the company will consider to invest in that technology.
PT Link Net Tbk
Paparan Publik
15 Mei 2015
• Laporan Keuangan
• Ikhtisar Kinerja Operasional
• Rencana Mendatang
Laporan Laba Rugi Komprehensif Konsolidasian
(Dalam Jutaan Rupiah) 2012 2013 2014 Q1 2014 Q1 2015
Pendapatan 1.300.648 1.664.601 2.135.958 492.653 599.949
Beban Pokok Pendapatan1 260.823 353.306 474.410 105.893 130.502
Beban Operasional 337.627 436.510 430.418 110.761 124.070
Penyusutan & Amortisasi 207.495 280.466 393.412 87.850 112.137
Laba Usaha 494.291 593.764 837.255 186.327 233.244
Marjin 38,0% 35,7% 39,2% 37,8% 38,9%
Laba Tahun/ Periode Berjalan 339.028 362.169 557.887 138.448 145.176
Marjin 26,1% 21,8% 26,1% 28,1% 24,2%
Pendapatan Komprehensif Tahun Berjalan Yang Dapat
Diatribusikan Kepada Pemilik Entitas Induk 339.028 362.169 557.707 138.448 145.061
1
763 941 222 269 191 256 55 81 553 795 179 216 94 92 21 19 65 52 15 15 1.665 2.136 493 600 2013 2014 Q1 2014 Q1 2015
Internet - Perumahan Internet - Korporasi Televisi berbayar 1 Iklan Lain-lain
Pendapatan yang terus meningkat...
Pendapatan (dalam Miliar Rupiah)
1Penyediaan layanan televisi berbayar bekerja sama dengan FMTV
2”Lain-lain ” sebagian besar merupakan pendapatan instalasi, penjualan kabel modem dan item-item promosi
138 145 28,1% 24,2% 75% 95% 115% 135% 155% 175% 195% 50 100 150 200 250 300 350 400 Q1 2014 Q1 2015 186 233 37,8% 38,9% 0% 10% 20% 30% 40% 50% 60% 50 100 150 200 250 300 350 400 Q1 2014 Q1 2015
...serta marjin yang sehat yang tetap dipertahankan di
tengah tekanan-tekanan eksternal
Laba Usaha (dalam Miliar Rupiah) Laba Periode Berjalan (dalam Miliar Rupiah)
Laporan Posisi Keuangan Konsolidasian
(Dalam Jutaan Rupiah) 31-Des-12 31-Des-13 31-Des-14 31-Mar-15
Aset Lancar
Kas dan Setara Kas 817.857 370.020 358.658 396.614
Piutang Usaha1 98.553 108.893 176.842 201.460
Jumlah Aset Lancar 1.023.138 562.379 574.906 642.692
Aset Tidak Lancar
Aset Tetap 1.576.965 2.295.036 2.693.597 2.860.141
Jumlah Aset Tidak Lancar 1.997.018 2.662.825 3.167.099 3.312.151
Jumlah Aset 3.020.156 3.225.204 3.742.005 3.954.843
Liabilitas Jangka Pendek
Utang usaha1 90.104 178.753 112.746 132.613
Bagian Lancar dari Pinjaman Jangka Panjang 16.105 81.393 90.651 95.344
Jumlah Liabilitas Jangka Pendek 306.241 460.438 551.365 634.053
Liabilitas Jangka Panjang
Pinjaman Jangka Panjang - Setelah Dikurangi Bagian Lancar 523.652 195.065 91.274 72.163
Jumlah Liabilitas Jangka Panjang 557.016 245.698 155.882 140.856
Jumlah Liabilitas 863.257 706.136 707.247 774.909
Ekuitas 2.156.899 2.519.068 3.034.758 3.179.934
Jumlah Liabilitas dan Ekuitas 3.020.156 3.225.204 3.742.005 3.954.843
1
Belanja Modal1 (Dalam Miliar Rupiah) 777 554 189 173 184 71 45 39 13 995 777 274 2013 2014 Q1 2015
Aset Jaringan Peralatan di tempat pelanggan Lain-lain
1 Belanja Modal merupakan penambahan aset tetap
2 Aset jaringan adalah penjumlahan dari penambahan elektronik head-end dan jaringan layanan titik kontrol
3 Peralatan di tempat pelanggan merupakan penjumlahan dari penambahan konverter, alat pemecah sandi, modem kabel dan set top box 4 Lain-lain merupakan penjumlahan dari aset tanah, bangunan, prasarana, perabot dan perlengkapan, peralatan kantor dan kendaraan
2 3 4
KPI menunjukkan pertumbuhan yang baik
Homes Passed (dalam ribuan) Pelanggan (dalam ribuan) ARPU (dalam Ribuan Rupiah)
1.433 1.489 Des-14 Mar-15 392 407 363 377 755 784 Des-14 Mar-15
Internet Televisi Berbayar*
216 225 186 188
2014 Q1 2015
Internet Televisi Berbayar*
402 412
* Penyediaan layanan televisi berbayar bekerja sama dengan PT First Media Television (‘FMTV”)
93% 94%
Inovasi yang terus menciptakan pengalaman hiburan dan
internet yang unggul
11
Mempertahankan keunggulan
kecepatan dengan
meluncurkan produk 200
Mbps di berbagai kota
Layanan TV Anywhere
dengan First Media Go
Pengalaman Multi-Screen
Interactive dengan next
generation cable OTT STB
Penghargaan di tahun 2014
12
First Media Awards 2014
TOP BRAND
AWARD 2014
Internet Service Provider Fixed
Dari Frontier Consulting Group & Marketing Magazine
(2012–2014)
CORPORATE IMAGE
AWARD 2014
Pay TV
Dari Frontier Consulting Group & Tempo Magazine
(2012 & 2014)
CORPORATE IMAGE
AWARD 2014
Internet Provider
Dari Frontier Consulting Group & Tempo Magazine
(2014)
TOP TELCO
2014
Top Fixed Internet 2014
Dari Ikatan TI Indonesia & itech Magazine
*Net Promoter is both a loyalty measure and an organizational discipline that enables an organization to build a customer –centric brand experience that drives growth through building loyal advocates who will continue to use the brand and recommend it to others.