Nomor Surat
SB-104/CSL/LN/BEI/XI/14
Nama Emiten
PT Link Net Tbk.
Kode Emiten
LINK
Lampiran
1
Perihal
Keterbukaan Informasi Yang Perlu Diketahui Publik - Penyampaian Slide Presentasi Kinerja Perseroan Q3 2014
Perseroan / Emiten melaporkan hal-hal sebagai berikut: Pada tanggal 07 November 2014 Perseroan mengalami peristiwa/memperoleh informasi/fakta material yaitu: Penggabungan usaha atau Peleburan usaha Pembelian Saham Pembentukan Usaha Patungan Pemecahan Saham Pembagian Dividen Saham Pendapatan dari Dividen yang Luar Biasa Sifatnya Perolehan atau Kehilangan Kontrak Penting Produk atau Penemuan Baru yang Berarti Perubahan dalam Pengendalian atau Perubahan Penting dalam Manajemen Pengumuman Pembelian Kembali atau Pembayaran Efek yang Bersifat Utang Penjualan Tambahan Efek ke Masyarakat atau Secara Terbatas yang Material Jumlahnya Pembelian atau Kerugian Penjualan Aktiva Yang Material Perselisihan Tenaga Kerja yang Relatif Penting Pemogokan Karyawan Tuntutan Hukum yang Penting Terhadap Perusahaan, Dan Atau Direktur Dan Komisaris Perusahaan Pengajuan Penawaran Untuk Pembelian Efek Perusahaan Lain Penggantian Wali Amanat Perubahan Tahun Fiskal Perusahaan Perkembangan Restrukturisasi Hutang Kebakaran Fasilitas Produksi Bencana Alam Penghentian Sebagian atau Seluruh Aktivitas Operasi Perseroan dan/atau Anak Perusahaan dan/atau Segmen Usaha karena Pertimbangan Bisnis Dibekukannya Produk Utama atau Mengalami Kondisi yang Berpotensi Mengakibatkan Pembekuan Produk Utama Pernyataan Tidak Mampu Membayar Bunga Pinjaman dan/atau Pokok Pinjaman Menerima Pernyataan Default dari Kreditur Pencabutan Sebagian atau Seluruh Ijin Usaha Penambahan Unit Usaha Pembentukan Anak Perusahaan atau Perusahaan Asosiasi Baru Perubahan Penggunaan Dana Hasil Penawaran Umum dari yang telah Ditetapkan dalam Prospektus Libur Perusahaan Lainnya: - Penyampaian Slide Presentasi Kinerja Perseroan Q3 2014 Dampak kejadian, informasi atau fakta penting tersebut terhadap Perseroan sebagai berikut:
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Dampak terhadap Kegiatan Operasional: Dampak terhadap kondisi keuangan dan proyeksi keuangan: Dampak Hukum: Dampak terhadap kelangsungan usaha Perseroan: -
Nama Pengirim
Dicky Setiadi Moechtar
Jabatan
Corporate Secretary
Tanggal dan Jam
09 November 2014 7:32:51
Lampiran
LinkNet Q3 2014 Update.pdf
Dokumen ini merupakan dokumen resmi PT Link Net Tbk. yang tidak memerlukan tanda tangan karena dihasilkan secara elektronik. PT Link Net Tbk. bertanggung jawab penuh atas informasi tertera di dalam dokumen ini.
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PT Link Net Tbk Q3 results update November 2014
Key highlights – 9M 2014 to 30th September 2014 Strong momentum in both growth and profitability over the nine months to 30 September 2014: - Revenue of Rp1,550.2 billion up 28.2% - EBITDA of Rp892 billion up 34.6% - NPAT of Rp421 billion up 52.4% Continued network expansion which at 30 September 2014 comprised: - 1.4 million homes passed - 372,373 broadband RGUs - 343,472 Cable TV RGUs Maintained high bundling rates: - 93% of customers subscribe to both NGBB and Cable TV Services, up from xx% from the prior year Completion of Private Placement: - Transaction was completed 3rd November 2014, where First Media, Asia Link Dewa and other shareholders sold a total of approximately 30% of Link Net Shares - Post transaction, FM is the single largest shareholder
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Link Net’s key performance indicators Homes Passed (‘000)
RGUs (‘000)
ARPU (IDR ‘000)
1,355 1,313
716 685
328
Jun-14
Sep-14
185
343 150
151
357
372
206
203
218
Jun-14
Sep-14
2012
2013
9M 2014
Broadband
Cable TV
Broadband
Cable TV
3
Strong revenue growth continues in 9M2014 Revenue (IDR bn) 1,550
40
1,209 70 170
72
51
139
579
534 390
422
22 52 139
16
10
205
193
237
3Q2013
3Q2014 Broadband - residential
1
22 60
Broadband - Enterprise
692 558
9M 2013 Cable TV
9M 2014 Advertising
Others1
“Others” primarily includes revenue from installation charges, sales of cable modems and promotional items
4
Continued margins improvement and profitability Adjusted EBITDA(1) (IDR bn)
Net income (IDR bn) 27.1%
57.6% 22.8% 54.8%
892
421
663 276
9M 2013
9M 2014
9M 2013
9M 2014
Adjusted EBITDA and Net income margins 1
Adjusted EBITDA is a non-GAAP measure and is defined as the Company’s profit for the year before finance costs, finance income, share of loss in associate, income tax expenses, depreciation and amortisation and is adjusted by adding back certain non- recurring expenses to the Company’s profit for the year. The non-recurring expenses during the period under review comprise: (1) impairment charges related to a one time policy change of IDR 13.1 bn which reflected charges taken in connection with the change in the calculation of churn and the discontinuation of the Selected Promotional Package and (2) fees related to corporate action of the Company amounting to IDR 2.1 bn for 9M 2013
5
Continued expansion funded by cash Net Cash with large leverage capacity5 (IDR bn)
Capex breakdown1 (IDR bn)
Network-related capex includes IDR 248bn spent on one pair of subsea cable between Singapore and Jakarta
444
995
216
45 173
Net Cash 542
228 26 1,000
135 777
221 8
62
381
151 2013
3Q 2014
Network-related Capex
9M 2014 2
CPE Capex
3
2014E Other Capex
Total Cash
Total Debt
6
Column2
4
1
Capital expenditure represents additions to property, plant and equipment (PPE) Network-related capital expenditure is the sum of additions to head-end electronics and network service control points 3 CPE capital expenditure is the sum of additions to converters, decoders, cable modem and set-top boxes 4 Other capital expenditure is the sum of additions to land, buildings, leasehold improvements, furniture and fixtures, office equipment and vehicles 5 Total debt and cash position as of September 2014 6 Total debt includes vendor financing 2
6
Profit and loss summary Period ending December 31,
9M ending September 30,
3M ending September 30,
(IDR bn)
2011
2012
2013
9M 2013
9M 2014
3Q 2013
3Q 2014
Revenue
582.6
1,300.6
1,664.6
1,209.1
1,550.2
421.9
534.2
Adjusted EBITDA
329.4
701.8
900.6
662.9
892.4
228.4
311.4
(113.0)
(207.5)
(280.5)
(199.2)
(278.6)
(73.4)
(97.7)
Operating Profit
216.4
494.3
593.8
448.5
613.8
141.9
213.7
Margin %
37.1%
38.0%
35.7%
37.1%
39.6%
33.6%
40.0%
Finance Income
17.5
38.4
24.3
20.2
13.2
3.4
5.0
(33.3)
(72.1)
(120.8)
(94.6)
(37.9)
(53.2)
(17.7)
-
(0.9)
(10.0)
(4.0)
(24.2)
(3.9)
(9.0)
Profit Before Tax
200.6
459.7
487.3
370.0
565.0
88.2
192.0
Tax Expense
(52.1)
(120.7)
(125.1)
(94.0)
(144.4)
(22.1)
(49.1)
Net Income
148.4
339.0
362.2
276.1
420.6
66.1
142.8
Margin %
25.5%
26.1%
21.8%
22.8%
27.1%
15.7%
26.7%
D&A
Finance Cost
Share of Loss in Associate
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Balance sheet summary As at June 30,
As at Sep 30,
2014
2014
Cash and Cash Equivalents
379.3
443.8
Trade Receivables1
134.4
132.8
Total Current Assets
566.1
620.5
Property, Plant and Equipment - Net
2,442.1
2,569.4
Total Non-Current Assets
2,857.8
2,980.8
Total Assets
3,423.9
3,601.3
Payables1
108.5
92.7
Current Maturities of Long-Term Debt
70.0
66.3
Total Current Liabilities
448.7
493.7
Long-Term Debt – Net of Current Maturities
163.3
149.3
Total Non-Curent Liabilities
220.5
210.1
Total Liabilities
669.2
703.8
Total Equity
2,754.6
2,897.4
Total Liabilities and Equity
3,423.9
3,601.3
(IDR bn) Current Assets
Non-Current Assets
Current Liabilities
Net Cash of IDR 228 bn
Non-Current Liabilities
1
Trade receivables include receivables from both third-parties and related parties. Payables includes payables to both third parties and related parties
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