Letter No. Company’s Name Stock Code Attachment Subject
SB-056/CSL-LN/PE/V/15 PT Link Net Tbk LINK 1 Report of Public Expose Result - Annually
Submission of Public Expose Result Referri g to the letter of the Co pa y’s u ber SB-051/CSL-LN/PE/V/15 dated Mei 11, 2015, the Company convey result of the Public Expose as attached. Participants who attended the public expose event (excluding the management and employees of the Company) are 28 people. Sender Position Date and Time Attachment
Dicky Setiadi Moechtar Corporate Secretary May 19, 2015 18:01:01 20150519 LINK - SB-056 - Penyampaian Hasil Public Expose Th. 2015.pdf
This document is an official document of PT Link Net Tbk which does not require any signature due to electronically generated by the electronic reporting system. PT Link Net Tbk takes full responsibility for the information contained in this document.
No: SB-056/CSL-LN/PE/V/15
Jakarta, May 19th, 2015
To: PT Bursa Efek Indonesia (Indonesia Stock Exchange) Gedung Bursa Efek Indonesia Jl. Jend. Sudirman Kav. 52-53 Jakarta Selatan 12190 Up
: Mr. Hoesen Director of Listing Mrs. Umi Kulsum Head of Listing Service Sector
Subject
: The Submission of Annually Public Expose Result PT Link Net Tbk (“The Company”) date May 15th, 2015
Dear Sir, To meet the Regulation I-E point V.2 Decision of the Board of Director of Jakarta Stock Exchange No.: Kep.-306/BEJ/07-2004, dated 19 July 2004, regarding Obligation of Information Submission, and referring to the Company’s letter th No. SB-046/CSL-LN/PE/V/15, dated April 29 , 2015, concerning the submission of the planning of Public Expose Year 2015, and letter No. SB-051/CSL-LN/PE/V/15, dated May 11th, 2015, concerning the content submission of Public Expose Year 2015, we herewith submitted the report of the Company’s Annually Public Expose: 1.
Annually Public Expose was held on: Day/Date Time Venue
2.
: Friday, May 15th, 2015 : 13:30 – 14:30 : Ballroom A, Hotel Aryaduta Tugu Tani Jakarta Jl. Prapatan 44-48, Jakarta 10110
The Company's management are present:
Dicky Setiadi Moechtar : Direktur dan Corporate Secretary
3.
Public attendance: The private financiers Journalists from various media; (attached photocopy of the attendance list – Annex 1).
4.
Summary of the question and answer in the Annual Public Expose attached as Appendix 2.
5.
Annual Public Expose was opened by Dicky Setiadi Moechtar as the Company’s Director and Corporate Secretary, at 13:30 and continued with the presentation material content Annual Public Expose 2015 in the form of presentation as attached (Annex 3).
6.
Annual Public Expose closed by Mr. Dicky Setiadi Moechtar, on 14:30.
Please be informed accordingly and thank you for your attention.
Yours faithfully, PT Link Net Tbk For and behalf of Board of Directors
(signature)
Dicky Setiadi Moechtar Director and Corporate Secretary
Cc: -
Head Executive of Capital Market Supervisory Commissioner
Annex 1
Annex 2
Summary of questions and answers in the 2015 Public Expose : Question 1: What are the results of the General Meeting of Shareholders held today? What kind of expansion will be done by the company for this year, and how many of subscribers by yearend? How much capex are used by the company and the source of funds? What explanation from the company about whether or not the MNC's plan to acquire PT Link Net Tbk, and why the stock should be removed? Any opportunity to increase the company's revenue? Answer: - Approval of the Company’s Annual Report including Laporan Tugas Pengawasan Dewan Komisaris for the book year ended on 31 December 2014, as well as work plans and the development of the Company. - Approval on the Annual Accounts consist of Balance Sheet and Profit and Loss Report of, as well as the approval for full release and discharge to all members of the Board of Directors and Board of Commissioners for the action and monitoring measures that have been carried out for the book year ended on 31 December 2014. - Not distribute any dividend to shareholders for the book year 2014 and the total net income recorded as retained earnings. - Delegate the authority to the Company’s Board of Directors and/or the Board of Commissioners to appoint Registered Public Accountant Firm in the Financial Service Authority (Otoritas Jasa Keuangan/OJK) and that meet international standards to audit the Balance Sheet, Profit and Loss Report and any other part of the Company’s Financial Report. And give authorization to the Board of Directors to set the fee or honorarium of the Public Accountant. - No change on the composition of the Company’s Board of Directors and Board of Commissioners. so that the order remained as in previous years and the list as follows: Board of Directors President Director : Mr. Roberto Fernandez Feliciano Director : Mr. Dicky Setiadi Moechtar Director : Mr. Sigit Prasetya Director : Mr. Andy Nugroho Purwohardono Director Independen : Mr. Henry Jani Liando Board of Commissioners President Commissioner : Mr. Ali Chendra Commissioner : Mr. Edward Daniel Horowitz Commissioner : Mr. Lorne Rupert Somerville Independent Commissioner : Mr. Jonathan Limbong Parapak Independent Commissioner : Mr. Bintan Regen Saragih For a term until the date of closing of the General Meeting of Shareholders of the Company for the financial year 2016. - To authorize the Board of Directors with the rights of substitution to restate the resolution concerning the appointment the member of the Company’s Board of Directors and Board of Commissioner before a notary deed if needed. For such purpose to make a formal appearance if necessary, give explanations, make, have made, signed notary deed as well as do all actions to resolve the matter above.
- To authorized to the President Commissioner of the Company to determine the honorarium, salary and other allowances for the Board of Directors and the Board of Commissioner. And also has held Extraordinary General Meeting which resulted in several decisions, especially to approve the amendment of the Articles of Association of the Company in connection with the OJK Regulations Number 32 of 2014 and Number 33 of 2014, as well as as well as other applicable laws and regulations in the capital market including changes to Article 11, Article 12, Article 13, Article 14, Article 15, Article 16, Article 17, Article 18, Article 19, Article 20 of the Articles of Association of the Company. To authorize the Board of Directors with the rights of substitution to do all actions in accordance with the Meeting resolution. About the expansion of networks that we usually refer to as homespassed. Homespassed itself is a term for homes that have been passed by the cable own by the company, so they can enjoy the services of the company. So the house was a one homespassed. In the first quarter the company managed to add 57,000 new homespassed, and we plan until the end of the year 200,000 homespassed. For networks we have planned this year funds will be used 1 trillion and sources of funding we will use internal cash. Regarding MNC would intend to buy the company, we can state that the company policy can not comment on such rumors, and the board could not comment on behalf of the shareholders. One strategy is to increase revenue delivered media sales. In the pay-TV service, we can deliver ads locally present channel number 18, and with the agreement with the owner of the content we can insert ads into it, and now we've sold to the brand owner or the manufacturer of the other services, so that the company obtain income. We see at the moment there is plenty of room to increase revenue from the sector, if we look from the percentage as much as 4% of total revenues, in the more mature market we should reach 8%, and of course we will increase it gradually, as aggressive as possible. And one more thing about sales is one of the media advantage is a large margin due to its low cost. Question 2: The achievement of CAPEX is about 1 trillion rupiah, what are the funds used for? Up to the end of April what is the percentage achieved? And what is the net profit target this year? Answer: CAPEX is mainly used to increase the number of homespassed or to expand the networks of the company service coverage, and it is particulary to purchase the equipment used to develop homespassed such as cable and cost for its installation, set top box, thus the equipment to be used in the development of the network itself. Further the supporting means such as software or hardware which will be invested to be able to serve the company’s subscribers. Up to now in Q1 274 billion has been achieved and we are planning to achieve 11 trillion rupiah by end of the year.
As to the income target for this year, we have made a target of 28% approximately equal to that of last year, and similarly the net profit target is around 25%-28%. Question 3: Does the subsidiary of PT Link Net Tbk plan to conduct IPO, such as PT Indonesia Media Televisi? Answer: Our share ownership in the subsidiary is only about 15%, the remaining is owned by another company, therefore the company that should answer this question is the company that has greater portion of shares in IMTV which in this case is Multipolar. Question 4: Please explain about the network expansion in regions, to which extend is the expansion? Answer: The Company will focus on three cities which are the three main markets, first Jakarta and its surroundings that still has great potential for expansion, and then Surabaya that has a greater potential and Bandung that has even greater potential, because in the latter two cities, the total network is much less than in Jakarta. Just as a reference that Jakarta with its 30 million population, in terms of households it is close to 5 million households and we are looking for approximately 2 million households, therefore we consider that there is still room for expansion in Jakarta. Surabaya has a greater potential for expansion. Similarly in Bandung, Bandung is one of the cities in Indonesia that has the highest number of internet users, thus first is Bandung and second is East Jakarta. Therefore, in our view there is still a great opportunity to expand cable networks in these three cities to increase the number of homespassed. In addition, we believe that this is the right moment to continue to expand in order to widen the company market and eventually will increase the number of subscribers, revenues and increase company productivity. Question 5: With respect to network expansion, is there any plan for Fiber To The Home, when would that likely to occur? Answer: At present the company relies on HFC (Hybrid Fiber Coaxial), which is a mature and reliable network technology and the company has mastered this technology. The Company is utilizing DOCSIS 3.0 based HFC technology that allows increasing or decreasing the bandwidth of high speed internet service. Further, from the analysis we made on the internet usage for the next 7 years, we believe that the current technology could still meet the need of the public. However, certainly the technology such as FTTH (Fiber To The Home), is promising to provide a better service, therefore the company is still open to the possibility of investing using that technology, and actually the company has used that technology for the subcribers of corporation sector, however we still need to study the residential sector, particularly regarding the total investment and it will be made in accordance with the demand of customers. When the time is right where the cost and benefit are reasonable the company will consider to invest in that technology.
Annex 3
PT Link Net Tbk Paparan Publik 15 Mei 2015
Agenda
•
Laporan Keuangan
•
Ikhtisar Kinerja Operasional
•
Rencana Mendatang
Laporan Keuangan
Laporan Laba Rugi Komprehensif Konsolidasian 2012
2013
2014
Q1 2014
Q1 2015
1.300.648
1.664.601
2.135.958
492.653
599.949
Beban Pokok Pendapatan1
260.823
353.306
474.410
105.893
130.502
Beban Operasional
337.627
436.510
430.418
110.761
124.070
Penyusutan & Amortisasi
207.495
280.466
393.412
87.850
112.137
Laba Usaha
494.291
593.764
837.255
186.327
233.244
38,0%
35,7%
39,2%
37,8%
38,9%
339.028
362.169
557.887
138.448
145.176
26,1%
21,8%
26,1%
28,1%
24,2%
339.028
362.169
557.707
138.448
145.061
(Dalam Jutaan Rupiah) Pendapatan
Marjin Laba Tahun/ Periode Berjalan Marjin Pendapatan Komprehensif Tahun Berjalan Yang Dapat Diatribusikan Kepada Pemilik Entitas Induk 1
Tidak termasuk beban penyusutan aset tetap dan amortisasi aset tak berwujud
Pendapatan yang terus meningkat... Pendapatan (dalam Miliar Rupiah) 2.136 52 92
1.665 65 94
795
553 256 191
941 763
600 19
493 21 179
15
81
55
2013
2014 Internet - Perumahan
1Penyediaan 2”Lain-lain
Internet - Korporasi
layanan televisi berbayar bekerja sama dengan FMTV ” sebagian besar merupakan pendapatan instalasi, penjualan kabel modem dan item-item promosi
216
222
269
Q1 2014
Q1 2015
Televisi berbayar
1
Iklan
Lain-lain 2
15
...serta marjin yang sehat yang tetap dipertahankan di tengah tekanan-tekanan eksternal Laba Usaha (dalam Miliar Rupiah)
Laba Periode Berjalan (dalam Miliar Rupiah) 400
400
195% 60%
350
350
175% 50%
300
250
37,8%
38,9%
300
200
200
135%
28,1%
30%
24,2% 150
150 233 100
155%
40% 250
100
186 10%
50
0%
-
Q1 2014
115%
20%
Q1 2015
138
145
95%
50
-
75%
Q1 2014 Marjin laba usaha dan marjin laba periode berjalan
Q1 2015
Laporan Posisi Keuangan Konsolidasian 31-Des-12
31-Des-13
31-Des-14
31-Mar-15
Kas dan Setara Kas
817.857
370.020
358.658
396.614
Piutang Usaha1
98.553
108.893
176.842
201.460
1.023.138
562.379
574.906
642.692
Aset Tetap
1.576.965
2.295.036
2.693.597
2.860.141
Jumlah Aset Tidak Lancar
1.997.018
2.662.825
3.167.099
3.312.151
Jumlah Aset
3.020.156
3.225.204
3.742.005
3.954.843
Utang usaha1
90.104
178.753
112.746
132.613
Bagian Lancar dari Pinjaman Jangka Panjang
16.105
81.393
90.651
95.344
Jumlah Liabilitas Jangka Pendek
306.241
460.438
551.365
634.053
Pinjaman Jangka Panjang - Setelah Dikurangi Bagian Lancar
523.652
195.065
91.274
72.163
Jumlah Liabilitas Jangka Panjang
557.016
245.698
155.882
140.856
Jumlah Liabilitas
863.257
706.136
707.247
774.909
Ekuitas
2.156.899
2.519.068
3.034.758
3.179.934
Jumlah Liabilitas dan Ekuitas
3.020.156
3.225.204
3.742.005
3.954.843
(Dalam Jutaan Rupiah) Aset Lancar
Jumlah Aset Lancar Aset Tidak Lancar
Liabilitas Jangka Pendek
Liabilitas Jangka Panjang
1
Piutang Usaha termasuk Piutang Usaha dari pihak ketiga dan pihak berelasi. Utang Usaha termasuk Utang Usaha dari pihak ketiga dan pihak berelasi
Belanja modal sesuai dengan rencana perluasan bisnis Belanja Modal1 (Dalam Miliar Rupiah)
995
45 173 777
39 184
777 274
554
13 71 189
2013
2014 Aset Jaringan
1
2
Peralatan di tempat pelanggan
Belanja Modal merupakan penambahan aset tetap Aset jaringan adalah penjumlahan dari penambahan elektronik head-end dan jaringan layanan titik kontrol Peralatan di tempat pelanggan merupakan penjumlahan dari penambahan konverter, alat pemecah sandi, modem kabel dan set top box 4 Lain-lain merupakan penjumlahan dari aset tanah, bangunan, prasarana, perabot dan perlengkapan, peralatan kantor dan kendaraan
2 3
Q1 2015 3
Lain-lain
4
Ikhtisar Kinerja Operasional
KPI menunjukkan pertumbuhan yang baik Homes Passed (dalam ribuan)
Pelanggan (dalam ribuan)
93%
ARPU (dalam Ribuan Rupiah)
402
412
186
188
377
392
407
216
225
Des-14
Mar-15
2014
Q1 2015
94%
1.489 1.433 784
755
363
Des-14
Mar-15
Internet
Televisi Berbayar*
Bundling rate * Penyediaan layanan televisi berbayar bekerja sama dengan PT First Media Television (‘FMTV”)
Internet
Televisi Berbayar*
Inovasi yang terus menciptakan pengalaman hiburan dan internet yang unggul Mempertahankan keunggulan kecepatan dengan meluncurkan produk 200 Mbps di berbagai kota
Layanan TV Anywhere dengan First Media Go
Pengalaman Multi-Screen Interactive dengan next generation cable OTT STB
11
Penghargaan di tahun 2014
First Media Awards 2014
TOP BRAND AWARD 2014
CORPORATE IMAGE AWARD 2014
CORPORATE IMAGE AWARD 2014
TOP TELCO 2014
Internet Service Provider Fixed
Pay TV
Internet Provider
Top Fixed Internet 2014
Dari Frontier Consulting Group & Marketing Magazine
Dari Frontier Consulting Group & Tempo Magazine
Dari Frontier Consulting Group & Tempo Magazine
Dari Ikatan TI Indonesia & itech Magazine
(2012–2014)
(2012 & 2014)
(2014)
(2014)
12
Penghargaan di tahun 2015 First Media – Link Net menerima berbagai penghargaan dari Net Promotor* Leader dalam kategori televisi berbayar dan internet/ Fixed ISP sejak 2011. Tahun ini merupakan kemenangan tahun kelima secara berturut-turut dan menunjukkan fokus kami terhadap kualitas dan pengalaman pelanggan
*Net Promoter is both a loyalty measure and an organizational discipline that enables an organization to build a customer –centric brand experience that drives growth through building loyal advocates who will continue to use the brand and recommend it to others. 13
Rencana Mendatang
Korporasi
Perumahan
Strategi untuk mendorong pertumbuhan masa mendatang
A
Memperluas cakupan jaringan ke area yang mempunyai potensi penetrasi yang tinggi
B
Meningkatkan penetrasi pada area cakupan saat ini
C
Meningkatkan pendapatan rata-rata per pelanggan
D Meningkatkan penetrasi pada pasar korporasi yang besar dan belum dijangkau
E Meningkatkan pendapatan iklan
15
Selesai
