THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain...
Transcript of THAICOM Public Company Limited...Lao Telecom Lao Mobile Market As of December 2012 • Maintain...
THAICOM Public Company Limited
Contact Us: Investor Relations – Thaicom PLC.
+66 (0) 2596 5072 to 73
Ken Streutker – [email protected]
Rahttiya Jinsirivanich – [email protected]
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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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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Our Business
Broadband Satellite
Conventional Satellite
Regional Mobile Phone
Internet and Media
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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
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)
-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
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%
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
Appendix
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Our Vision
To be a Leading Asian Satellite Operator
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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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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
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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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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Our Strategies: Short Term Plan
Conventional Focus
IPSTAR Focus Strategic Partnerships
End-to-End Services
System Integration
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Our Strategies: Long Term Plan
Broadband
Integrated Solutions
Upstream Expansion
Downstream Expansion
Fleet Expansion
Broadcast
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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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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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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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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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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)