THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain...

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THAICOM Public Company Limited Contact Us: Investor Relations Thaicom PLC. +66 (0) 2596 5072 to 73 Ken Streutker [email protected] Rahttiya Jinsirivanich [email protected]

Transcript of THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain...

Page 1: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

THAICOM Public Company Limited

Contact Us: Investor Relations – Thaicom PLC.

+66 (0) 2596 5072 to 73

Ken Streutker – [email protected]

Rahttiya Jinsirivanich – [email protected]

Page 2: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Disclaimer

This document contains certain forward-looking statements. They refer to future events and to the future financial performance of the Companies. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe” or “continue”. Although the Companies believe that the expectations reflected in such forward-looking statements are reasonable at this time, it is not intend to give assurance that such expectations will prove to be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking

statements.

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Page 3: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Vision: “To be a Leading Asian Satellite Operator”

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Our Company

• Thaicom Public Company Limited (formerly named Shin Satellite) was founded on 7th November 1991, part of Shin Corporation (INTOUCH Group)

• His Majesty King Bhumibol Adulyadej of Thailand graciously named the first national communications satellite, “THAICOM” which stands for “Thai Communications”.

His Majesty King Bhumibol Adulyadej of Thailand officially opened the Thaicom Satellite Station on 17th December 1991.

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Shin Corporation Plc 1),2)

Advanced Info Service Plc 2)

THAICOM Plc

2)

ITV Plc 2)

Matchbox Co., Ltd.

I.T. Applications and Services Co.,

Ltd.

Aspen Holdings Ltd. (Temasek Holdings)

41.62%

Cedar Holdings Ltd. 13.35%

40.45% 41.14% 52.92% 99.96% 99.99%

DTV Service Co., Ltd. 99.99% Shennington Investments Pte Ltd. 51% 1)

Cambodian DTV Network Ltd. 100%

CS LoxInfo Plc 2) 42.07% IPSTAR Co., Ltd. 99.96%

1) Holding Company

2) Listed Company on the Stock Exchange of Thailand

Shareholding Structure

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Page 6: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Business

Broadband Satellite

Conventional Satellite

Regional Mobile Phone

Internet and Media

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Page 7: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Satellite Fleet

Thaicom 1

Launched: 1993

De-orbited: 2010

Thaicom 2

Launched: 1994

De-orbited: 2010

Thaicom 3

Launched: 1997

De-orbited: 2006

Thaicom 4

Launched: 2005

Thaicom 5

Launched: 2006

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4th Largest Satellite Operator Globally (1st in Asia Pacific)

TC-6 TC-7

Our Capacity

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T4 T5 T6* T7*

119.5°E 78.5°E 78.5°E 120°E

C Ku C Ku C Ku C Ku

Indochina - -

SEA - - - - -

South Asia - - - - -

North Asia - - - - - -

Australasia - - - - -

ME, Africa - - - - - -

Remark: *new satellites

T6

T5

T5

T5

T5

T5 T6

T7

T7

T7 T5

T4

T4

T5 T6

T5

T4

T4

T4

T4

Our Satellite Footprints

Complement each Other across 4 Continents

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Our Positioning: Unique Value Proposition

Broadcast Services

Reach 1.5 billion viewers in Indochina & South Asia

460+ neighborhood channels from Indochina & South Asia on TC-5

End-2-end, Turn-key solutions

20 years of track record of quality service

Broadband Services

The first and only High Throughput Satellite (HTS) satellite in Asia Pacific

Most experienced broadband satellite operator in the world

Presence and landing rights in 13 countries in Asia Pacific with 10 regional offices

Most cost effective broadband satellite solution in the target market

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Our Services: Broadcast

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Asia’s “Hot Bird” for Satellite TV Platform

• Cover 120+ countries in Asia, Australia, Africa & Europe

• 460+ TV channels (24 HD channels)

• >14 million households in Thailand

• No.1 in Thailand and Indochina countries

• One of the key players in South Asia

and more…

Conventional Satellite: THAICOM-5 @78.5E

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Broadcasting

“National TV Broadcast”

“Direct-to-Home”

“Video Distribution”

“Distance Learning”

“HDTV”

78.5°E – the prime orbital slot for Satellite TV platform

Telecommunication

“Cellular Backhaul”

“VSAT”

“Government Communications”

Conventional Satellite: Key Market Segments

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THAICOM-6 @78.5E Marketing plan

Broadcasting

Broadcasting Teleport Partners

1st African

Customer

Telecommunication

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THAICOM-7 @120E Marketing Plan

Telecommunication

Broadcasting

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Our Services: Broadband

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The first and only High Throughput Satellite (HTS) in Asia Pacific

Presence in 13 Countries & 17 Gateways

Broadband Satellite: THAICOM-4 (IPSTAR)

@119.5E

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Telco Backhaul & Enterprise

“Cellular Backhaul”

“Femtocell”

“Rural Telephony”

“Corporate Networks”

Government/USO* Program & Retail

Market

“e-Government”

“Distance Learning”

“National Broadband Network”

(*Universal Service Obligation)

Disaster Management

“Disaster Recovery Communications”

“Emergency Communications”

IPSTAR Key Market Segments

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Remarks: Expect a close race with ViaSat in 2012 ranking as ViaSat-1 satellite has become commercially operational in the US since Jan 2012

Thaicom 18%

ViaSat 26%

Hughes 11%

Ciel Satellite Communications

23%

Telesat 19%

Others 3%

NSR Report, Oct 2011

Thaicom 24%

ViaSat 16%

Hughes 13%

Ciel Satellite Communications

13%

Others 34%

NSR Report, Sep 2012

Source: Northern Sky Research

Number 1 in Global Market Share of Leased High Throughput Satellite (HTS) Capacity by Northern Sky Research

Our Market Share

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Our Performance

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Overall Performance THCOM share performance relative to Thailand SET % Growth 2008 – 2013

THCOM Share Performance:

Overview

*As at 17 June, 2013

1USD = 30.65 THB

Core satellite business contribution to revenue is increasing

% Revenue break up 2008 vs. 2012:

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Internet & Media

3.9%

Satellite 86.4%

Telephone* 9.7% 2012

237 MUSD

Share price*: 34.00 Bht or ̴ 1.11 USD

Diluted Shares 1.096 billion

Outstanding: Market Cap: 37.26 billion Bht or ̴1.22 billion USD

BV/share 12.85 Bht or ̴ 0.42 USD

PBV 2.64

THCOM ↑ 309.1%

SET ↑ 88.36% SET Index: 1,471.58

Satellite 79.7%

Telephone* 11.5%

Internet & Media

8.8%

2008

187 MUSD

* Excluding revenues from discontinued operation (Mfone)

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-23.23

-15.37

-25.74

-15.99

5.68 10.77

(0.021) (0.014)

(0.023) (0.014)

0.005 0.011

EPS (USD)

187.54 188.16 191.13

216.12 237.06

60.10

80% 78% 78% 86% 86% 87%

20% 22% 22%

14% 14%

13%

2008 2009 2010 2011 2012 1Q13

Others

Satellite

Start 2013 with strong net profit

Consolidated

Sale & Services Revenues

Unit: MUSD

Net Profit

Unit: MUSD

Revenues grew 9.7% in Y2012 mainly from Satellite business

Net Profit significantly grew in 1Q13

Dividend paid 0.013 USD/share, or 253% to conso. Net Profit

2008 2009 2010 2011 2012 1Q13

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2008 2009 2010 2011 2012 1Q13 No more losses from discontinued Mfone

Page 23: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

46.26 53.34 50.31

86.26 103.26

25.22 31%

36% 34%

47% 50% 49%

EBITDA Margin

50% 52% 49% 46% 46%

46%

50% 48% 51% 54%

54%

54%

2008 2009 2010 2011 2012 1Q13

IPSTAR

Conventional

Strong Satellite performances from integrated strategies

Satellite Revenues

Unit: MUSD

149.53 147.01 150.02

185.45 204.86

52.27

2008 2009 2010 2011 2012 1Q13

Satellite EBITDA

Unit: MUSD

2008 2009 2010 2011 2012 1Q13

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Consolidated revenues by country

91 106

+16%

20 25

+22%

0. 50 0.53

+6%

India

Thailand

Lao PDR

Japan

Australia Others

2012

242 MUSD*

China

2012

2011

Unit: MUSD %Total revenues break up by country

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29 27

-5% 27 9.9 10.4

+4%

9.9

35 39

+12% o New Zealand

o Myanmar

o Malaysia

o Philippines

o Indonesia

o Vietnam

35 35.5

35.3

-1%

35.3

*Include other income and FX gain/loss

India 4%

Lao PDR 10%

Japan 11%

Australia 15%

Others 16%

Thailand 44%

Page 25: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Conso. CF 2010 2011 2012 1Q13

CF from Operating

59.87 99.12 114.49 30.18

CF from Investing

(18.63) (77.29) (61.04) (6.36)

CF from Financing

(25.64) 30.38 (72.66) 0.82

Cash Ending 41.47 93.51 74.00* 98.08

Strong ending cash after repayment of

debenture

Cash balance remains good on continuing

strong operational performance

D/E Ratio at 0.51x

* Exclude Cash

** Exclude Interest-Bearing Debt

Unit: MUSD

*After the debenture of 107.67 MUSD was paid

entirely in November 2012.

Assets* 698.18

Cash

98.06

Interest

bearing debt

235.53

Liabilities**

101.01

Equity

459.70

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TC-2 @78.5°E de-orbited

TC-3 @78.5°E de-orbited

TC-6 @78.5°E

TC-7 @120°E

“Follow-on satellite systems to ensure long term viability”

TC-1A @120°E de-orbited

TC-4 @119.5°E

TC-5 @78.5°E

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Our Future: Expand resource for future growth

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Appendix

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Page 28: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Vision

To be a Leading Asian Satellite Operator

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Page 29: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Mission

Sustain growth and return profit to shareholders

Develop innovative solutions and new markets

Enhance company reputation among all stakeholders

Create a Great Workplace and High Performance Organization

Core Theme for 2013

Sustainable & Profitable Growth

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Page 30: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

THAICOM Teleport and DTH Center

• Located at “Lad Lum Kaew, Pathumthani, Thailand” (since 1996)

• The World’s first ISO 9000 certified operator for satellite and teleport services

• Equipped with world class facilities

Our Capability

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Number 7 in the World (2nd in Asia Pacific) in 2012 Fast Twenty Ranking by World Teleport Association

Page 31: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Myanmar China Nepal India Pakistan

Sweden

Somaliland

Egypt

Thailand

Malaysia Indonesia Australia New Zealand

Philippines

Cambodia

Laos

Vietnam

Japan Korea

Israel

Maldives

Our Customers in 20+ Countries

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Page 32: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Management System

Corporate Social Responsibility

Value-based CSR

All key

positions

Succession Plan

Organization Structure

Product-based to Functional-

based

Talent Development

Professional & Managerial

Risk Management

Strategic Operational & Financial Risks

Corporate Governance

Transparent & Auditable

Corporate Culture

High Performance Organization

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Page 33: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Strategies: Short Term Plan

Conventional Focus

IPSTAR Focus Strategic Partnerships

End-to-End Services

System Integration

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Page 34: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Our Strategies: Long Term Plan

Broadband

Integrated Solutions

Upstream Expansion

Downstream Expansion

Fleet Expansion

Broadcast

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Page 35: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Broadcast Services

Production Studio/

Uplink Station

1. TV Station (VHF/UHF)

3. Direct-to-Home (DTH)

2. Cable TV

THAICOM

(Conventional)

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Page 36: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

IPSTAR Broadband Services

BSC RNC

Mobile Operator’s Core Network

IPSTAR Gateway Headquarter

Internet

THAICOM-4

(IPSTAR)

BSC: Base Station Controller RNC: Radio Network Controller BTS: Base Transceiver Station

1. Mobile 2G/ 3G/ LTE/ Disaster

2. Enterprise/ SME/ Home

3. Government/ Community/ School/ USO

BTS

Femto/

Small

Cell Node B

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Telephone Business

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Page 38: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

Lao Telecom

Lao Mobile Market As of December 2012

• Maintain leadership with 44.2% market share

• Revenue grew 19% YoY from increased voice and data

usage, with improved ARPU

• NI grew 117%, while EBITDA grew 26%

• Launched 4G in November to serve ASEAN Summit 2012

by providing 20 sites in Vientaine Capital

• Dealer network improved and strengthened considerably

2012 Results

2013 Moving Forward

• Continued focus on dealer network to ensure quality of

service and improved distribution

• Strengthen brand perception and recognition through

segment strategies

• Focus on provincial communities to protect our market

and regain subscribers

• Focus on value added service with enriched data content

and applications

• Improve network infrastructure and blind spot areas

• Customer-centric: enhance customer experience

UNITEL

36.1%

ETL 14.4%

BEELINE 5.3%

LTC

44.2% 2.75 mil.

Subscribers

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Internet and Media Business

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DTV – 2012 Results

D-KHOOM Plus Box

DTV HD Box

Launched new D-Khoom Plus box

• Lower price to compete with other players

• To match untapped market demand

Stimulated HDTV market – 24 HD Channels

• Launched DTV-HD1 Box by bundling with UEFA

EURO 2012 Event

• Operated 2 HD own channels and 3 HD from GMM

• Expanded to new HD segment through AV-Shop

and Modern trade

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Page 41: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

DTV – Strategic Moves

Hybrid Box

New HD boxes to meet all target

• Launch low-cost HD box to drive and stimulate market

• Launch DTV-HD3 box with PVR function and DTV-Hybrid box for

high-end HD market HD3 with PVR

Getting ready for Thaicom-6

• Increase S2 programs for both SD and HD on DTV platform

• To prepare HD viewers base for Thaicom-6

Expand dealer network to reach more customers

• Through master dealer model and modern trade channel

Create synergy with content partners

• To leverage eyeballs on DTV platform

• To work on a revenue sharing model i.e. pay-TV channels

Develop and implement Ratings box

• To build a TV ratings network on Thaicom Satellite

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CS Loxinfo PLC Business Operations

% Revenue Contribution by Segment Revenue Net Profit

ICT Service (Internet computer & Telecom)

-Internet Access and Data Services

-Web Creation/Hosting

-Internet Date Center

Directories

- Online shopping

- Yellow pages

- Print products

Voice Info Services & Mobile

Content

-Online entertainment

-Games

-Mobile content

Unit: MUSD

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Page 43: THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and

IPSTAR Receive an Award

from Japan’s MIC on Radio

Wave Day (2012)

Awards & Distinctions

IPSTAR Community Broadband Project in Vietnam won a silver medal at the Asia

Pacific ICT Awards (2008)

Satellite Communications Service Provider of the Year Award (2005)

Industry Innovator Award for Technology Development and Applications (2006)

A finalist for the Corporate Teleport Operator of the Year Award (2006)

THAICOM Teleport & DTH Center ranked top 8 worldwide (2006)

Best SME Telecommunications Carrier/Service Provider Award,

IPSTAR Australia (2007)

Satellite Executive of the Year in Asia Pacific Award,

Dr. Dumrong Kasemset (2007)

Certificate of Excellence, Best investor relations by a Thai

company (2009)

Corporate Social Responsibility Award from the World Teleport

Association (2011)

2010/2011 Board of the Year Award for Distinctive Practices

(2012)

2012 Asia-Pacific Communications Deal of the Year 2011 – Thaicom 6

43 7/1/2013

Thailand’s Best Mid-Cap Company Thailand’s Best CEO (2013)