Consolidated Revenue increased 4.8%
from IDR 21,525 billion to IDR 22,566 billion
EBITDA increased 4.7% from IDR 9,466
billion to IDR 9,906 billion, EBITDA Margin
reached 43.9%
Profit Attributable to Owners of The Parent
increased from IDR 845 billion to IDR 1,090
billion
Consolidated Revenue decreased 4.7%
from IDR 7,823 billion to IDR 7,453 billion
EBITDA decreased 9.6% from IDR 3,574
billion to IDR 3,232 billion, EBITDA Margin
reached 43.4%
Profit Attributable to Owners of The Parent
decreased from IDR 610 billion to IDR 306
billion
Operating Revenue
EBITDA
EBITDA Margin
Profit Attributable to
Owners of the Parent
22,566
4.8%
9,906
4.7%
43.9%
0.1ppt
1,090
29.0%
7,453
-4.7%
3,232
-9.6%
43.4%
-2.3ppt
306
-49.9%
in IDR billion
21,525
9,466
44.0%
845
7,823
3,574
45.7%
1,044 1,190
998
1,060
1,085
238 266
241
234
217 in IDR billion
-4.7% QoQ -1.7% YoY
Cellular Fixed Data
Fixed Voice
-7.3% / -8.9%
+2.4% / +4.0%
-5.8% / -2.4%
QoQ / YoY
3Q-16 4Q-16 1Q-17 2Q-17
6,301
•
Fixed data segment delivered outstanding performance supported by B2B IT services
•
Soft cellular revenue QoQ due to seasonality impact both in 3Q16 and 2Q17.
7,453
Voice
SMS
Data
VAS
-4.7%
-17.2%
38.7%
7.1%
-1.7%
-16.5%
-0.7%
-3.3%
Gaming and content usage grew in youth
segment.
- Data took the lead in driving cellular
revenue growth
81.6 85.7
95.6 96.4 97.0
+18.8% YoY +0.7% QoQ
in million in million
1.1
4.0
10.0
0.7 0.6
66 68
57
53
47
124 123 125 131
144
16.6 16.6 15.3 15.6 12.4
-25.4% YoY -20.8% QoQ
Voice Traffic in billion minutes
(Voice Traffic)
in minute/subscriber
(MOU)
MOU
24.2 24.5 21.7 22.5 20.6
-8.6% QoQ -14.9% YoY
ARPU in thousand IDR
(ARPU)
ARPM
3Q-16
3Q-16 4Q-16 4Q-16
in IDR (ARPM)
•
Data traffic grew double digit QoQ amid intensifying competition in data
•
SMS traffic continued to decline as trend shifting toward messaging application
49
44
37
32
24 146,060
188,101 209,591
246,862
293,225
in TByte
+18.8% QoQ +100.8% YoY
in billion
-51.4% YoY -25.5% QoQ
Cost of Service (CoS)
Depreciation and Amortization
Personnel
Marketing
as percentage of revenue
General and Administration
Total Expenses
Total Operating Expenses
3,425 3,398 3,100 3,574 3,232
-9.6% QoQ -5.6% YoY
EBITDA in IDR billion
EBITDA Margin 3Q-17 3Q-16
43.4%
4Q-16 1Q-17 45.2% 44.4% 42.5%
2Q-17 45.7%
-1,122
845 1,090
+29.0% YoY +175.3% YoY
9M-17 9M-16
9M-15 in IDR billion
•
EBITDA margin inline with guidance.
2.45
23,273 21,120
19,014
* IDR 4.24tn, IDR 3.46tn and IDR 3.02tn of obligation under finance lease are included in 9M15, 9M16 and 9M17 respectively 9M-16
9M-15 9M-17
-12.0% YoY
Gross Debt in IDR billion
Gross Debt/EBITDA
9M-17
9M-15 9M-16
Net Debt Net Debt/EBITDA in IDR billion
15.1
47.2
8.5 13.8 10.5
1,147
3,616
622 1,078 785
•
Capex rollout will accelerate in 4Q17
•
Capex guidance unchanged.
in IDR billion
1,307
-186
1,051 1,464 1,008
Capex (Spent)
in IDR billion
Capex/Revenue
3Q-16 4Q-16 1Q-17 3Q-16 4Q-16 3Q-17
in %
23,859 24,042 24,219 24,235 24,225 26,273 27,724 28,510 29,255 29,912 4,080 4,717 5,446 5,533 6,110 +2.1% QoQ +11.1% YoY
4Q-16
2G 3G
In million
59,023
3Q-17 3Q-16 3Q-17
39.4 40.5 41.1 41.1 45.2 +10.0% QoQ +14.7% YoY
3Q-16 4G
4Q-16
1Q-17 1Q-17
54,212 56,483
2Q-17 58,175
2Q-17
Consolidated Revenue Growth
9.0%
In line with market
EBITDA Margin
44.1%
Low to Mid
40’s
CAPEX
IDR 7.3 trillion
(Cash out)
~ IDR 6 trillion
(Spent)
4.8%
43.9%
On September 16, 2014, the South Jakarta Attorney Office (“Kejaksaan Negeri Jakarta Selatan”),without preliminary notification, executed the Supreme Court’s Decision on Mr. Indar Atmanto. The execution was done based on a quotation of the Supreme Court’s Decision, which states, among others, that (i) Mr. Indar Atmanto is found guilty and sentenced to eight years imprisonment and charged with penalty of Rp300,000,000,- (if the penalty is not paid, Mr. Indar Atmanto would serve an additional six months imprisonment), and (ii) IM2 pay the losses sustained by the State amounting to Rp1,358,343,346,674,-.
Subsequently, on January 16, 2015, Mr.Indar Atmanto and/or his lawyer or IM2 received the document on the Supreme Court’s decision regarding the litigation case. As of the issuance date of the consolidated financial statements, Mr. Indar Atmanto and IM2 plan to conduct further legal act by submitting a reconsideration request
peninjauan kembali(”PK”).
On March 16, 2015, Mr. Indar Atmanto’s submission of Judicial Review [Peninjauan Kembali (”PK”)] was officially registered at the Corruption Court under No. 08/AKTA.PID.SUS/PK/TPK/2015/PN.Jkt.Pst.
On January 17, 2017, S&P Global Ratings affirmed its 'BB+' long-term corporate credit rating on PT Indosat Tbk. The outlook remains positive. At the same time, they affirmed their 'axBBB+' long-term ASEAN regional scale rating on the Indonesia-based On 21 August 2017, PEFINDO has affirmed its “idAAA” rating for PT Indosat Tbk (ISAT)’s Shelf Registered Bond I Phase IV Year 2016 Serie A of IDR1,075 billion and its“idAAA(sy)”
rating forISAT’s Shelf Registered Sukuk Ijarah I Phase IV Year 2016 Serie A of IDR163 billion that will mature on September 12, 2017.
On 12 May 2017, Moody's Investors Service has has upgraded to Baa3 from Ba1 the issuer rating of Indosat Tbk. (P.T.) (Indosat Ooredoo). The outlook for the rating is stable. At the same time, Moody's has withdrawn the company's Ba1 Corporate Family Rating. The rating upgrade reflects the continued strengthening of Indosat Ooredoo's operational metrics as well as the ongoing stabilization of its financial profile, including lower leverage levels.
0.06 0.27 0.27
In IDR trillion
2020
2019 2022
2018 2017
IDR
USD in IDR
2021 2023 2024 2025 2026
4Q17
Number of BTS
XL Axiata
2 x 20.0
2020 2020 2020 2019 & 2026 2019
