PT Link Net Tbk
1H 2018 Earnings Conference Call July 26, 2018
2
1,651
1,845
1H 2017 1H 2018
Revenue (Rp Bn)
Consistent Double Digit Revenue, EBITDA & Earnings Growth
Revenue, EBITDA , Net Profit
976 1,090
59.1% 59.1%
0%
10%
20%
30%
40%
50%
60%
250 450 650 850 1,050 1,250
1H 2017 1H 2018
EBITDA (Rp Bn)
490 547
29.7% 29.6%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
100 200 300 400 500 600
1H 2017 1H 2018
Net Profit (Rp Bn)
Growth: 11.8%
Growth: 11.7%
Growth: 11.5%
Continued homes passed momentum, subscriber growth and strong ARPU
Homes Passed (‘000) Subscriber Growth
9,393 10,420
13,128
4Q17 1Q18 2Q18
ARPU (Rp ‘000)
2,000
2,076
Dec-17 Jun-18
76k 419 420 421 421 421
2Q17 3Q17 4Q17 1Q18 2Q18 Blended ARPU
4
Stable churn and rising penetration
Churn
2.4% 2.4%
2.3% 2.3%
3Q17 4Q17 1Q18 2Q18
Penetration Rate
28.5%
28.6%
1Q18 2Q18
Catchplay & HBO Go – Embracing OTT
6
Growing Enterprise Business
112
128 130
140
3Q17 4Q17 1Q18 2Q18
Enterprise Revenue (Rp Bn)
Active Share Buyback Plan
1. Price up to Rp 6,000/share
2. Maximum size of 7.1% of paid up capital – 216,028,106 shares 3. Period of 18 months as of January 2018
4. Share buyback I (Apr’16 – Oct’17) :
• 87,111,400 shares
5. Share buyback II (Jan’18 – Jun’18) :
• Approximately 40 million shares
8
Historical dividend payout ratio
20%
35%
50%
0%
10%
20%
30%
40%
50%
60%
2015 2016 2017
Shareholders structure
First Media 27.4%
CVC 34.9%
Free float 37.7%
10
Strong Revenue & EBITDA Growth Trajectory
493 523 534
586 600
638 649 677 674
719 752
809 809 842 855
894 907 939
274 307 311 338 345 370 364 370 399
435 433 460 473 503 504 522 534 555
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
Link Net Revenue & EBITDA Growth (Rp Bn)
Revenue EBITDA
