PT Link Net Tbk
2 2,564
2,954
3,399
2015 2016 2017
Revenue
Double Digit Revenue & Earnings Growth
Revenue, EBITDA , Net Profit
1,450
1,727
2,001
56.5%
58.4% 58.9%
-10%
2015 2016 2017
EBITDA
640
819
1,007
28.2%
27.7% 29.6%
-10%
2015 2016 2017
Strong homes passed numbers, brought in under budget
Homes Passed (‘000) CAPEX (IDR Bn)
1,826
2,000
2016 2017
921
4
2016 2017
Broadband Cable TV Bundling Rate
Continued subscriber growth, and record high ARPU driven by strong upsell transactions
RGU (‘000) ARPU (IDR ‘000)
407
421
2016 2017
Blended ARPU
329,031
386,344
2016 2017
6
Indonesia Philippines Thailand Malaysia Vietnam
ADSL HSBB
4.8% 7.5%
Indonesia Philippines Thailand Malaysia Vietnam
Cable TV + IPTV DTH + DTT
Broadband penetration (2017) Pay TV penetration (2017)
Link Net’s compounded annual growth rate (3 yr)
Revenue (%) EBITDA (%) EPS (%)
17% 18%
8
Link Net Valuation’s
PE (x) EV/EBITDA (x) PEG
766 131 635
Total Cash Total Debt Net Cash Free Cash Flow (IDR bn)
577
2017
Net Cash (IDR bn)
10 2,136
3,400
2014 2017
1,231
2,001
2014 2017
1,433
2,000
2014 2017
392
570
2014 2017
Link Net has delivered since its 2014 re-IPO
Subscribers
2014 commitment
>1.8m homes passed by 2016 as per 2014 commitment
Continued subscriber growth
Double digit top-line revenue growth
Continued profitability growth; operational efficiencies
402 421
(k)
57.6% 58.9%
EBITDA margin Penetration
rate 27.4% 28.5%
ARPU Penetration
