Samart Group. Q Audited Results. November 11, 2010

Transcription

1 Samart Group Q Audited Results November 11, 2010

2 WATCHAI VILAILUCK PRESIDENT SAMART CORPORATION PCL.

3 SIRICHAI RASAMEECHAN EXECUTIVE VICE CHAIRMAN SAMART CORPORATION PCL.

4 ICT SOLUTIONS PAIROTE VAROPHAS EXECUTIVE VICE CHAIRMAN SAMART TELCOMS PCL.

5 MOBILE MULTIMEDIA THANANAN VILAILUCK PRESIDENT SAMART I-MOBILE PCL.

6 Samart Corporation PCL Q Audited Results November 11, 2010

7 Q Consolidated Performance 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, ,499 Revenue Y-O-Y Q Q Q3-09 Vs Q3-10 Revenues 3,755 4,499 Net Profit , Net Profit Revenues 17 % Net Profit 39 % EPS Total Assets 15,079 14,796 Total Liabilities 9,520 9,919 Equity 5,559 4,877 D/E (L/T debt) ROE (Annualized) 13.9% 11.4% ROA (Annualized) 5.1% 3.8% Drop in revenues >> Decreased on market average selling price from SIM Net Profit higher >> Improved GP from SIM&SAMTEL >> Inventory management from SIM Note: NP is excluded Minority Interest of subsidiaries

8 Q Consolidated Performance Q-O-Q Q2-10 Vs Q3-10 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, ,354 Revenue 3, Net Profit Revenues 14 % Net Profit 33 % Drop in revenues >> From SIM&SAMTEL Net Profit >> Higher GP from SIM&SAMTEL Note: NP is excluded Minority Interest of subsidiaries

9 9M-2010 Consolidated Performance Y-O-Y 9M-09 Vs 9M-10 14,000 12,704 12,620 12,000 10,000 8,000 6,000 4,000 2,000 0 Revenue Net Profit Revenues - Flat Net Profit 59% Drop in revenues >> Remained flat Net Profit higher >> Improved GP from SIM&SAMTEL >> Inventory management from SIM Note: NP is excluded Minority Interest of subsidiaries

10 Revenue & NP Contribution from Business Units Revenue Contribution Q3-10 Net Profit Contribution Q % 16% 27% 55% SIM SAMTEL Related 50% 34% SIM SAMTEL Related SAMART hold SIM 58.28% SAMART hold SAMTEL 70.64%

11 Related Businesses Q Performance

12 REV Cambodia Air Traffic Services Q Q Q Q Maintain 14,000-15,000 flights per quarter

13 REV Kampot Power Plant Q Q Q Q KPP generating 16 MWe electricity

14 Call Center Business REV % 49% (Est.) Project on hand 1,000 mill. Baht Q3-Sign (SSO) 547 mill. Baht (GPF) 18 mill. Baht MIA Listing 1H-2011

15 Vision & Security System REV % 109% (Est.) Turnkey security solutions: Customers: - Government Center - Bangkok Metropolitan Authority -AOT -TOT Potential Opportunities: - CTX Scanners - Govt Center Phase II - Chonburi Province Government

16 Samart I-Mobile I PCL Q Audited Results November 11, 2010

17 Q Performance 3,000 2,500 2,524 Y-O-Y Q3-09 Vs Q3-10 2,058 Q Q Revenue 2,058 2,524 Net Profit ,000 1,500 1, EPS Total Assets 5,760 6,046 Total Liabilities 3,370 3,702 Equity 2,390 2,344 0 Revenue Net Profit Revenues 18 % Net Profit 50 % D/E (L/T debt) ROE (ann.) 8.5% 5.8% ROA (ann.) 3.5% 2.2% Drop in revenues >> Decreased on market average selling price Net Profit higher >> Improved GP from mobile business and content business >> Inventory management

18 Q Performance Q-O-Q Q2-10 Vs Q3-10 2,500 2,048 2,058 2,000 1,500 1,000 Revenues - Flat Net Profit 65% Revenue Net Profit Drop in revenues >> Remained flat Net Profit higher >> Improved GP from mobile business >> Inventory management

19 9M-2010 Performance Y-O-Y 9M-09 Vs 9M-10 7,000 6,000 5,000 4,000 3,000 6,858 6,364 Revenues 7 % Net Profit 21 % 2,000 1, Revenue Net Profit Revenue drop >> Avg. selling price decreased in mobile business Higher NP >> Higher GP from Mobile business and inventory management

20 Handset Sold (Y-o-Y) HANDSET SOLD 9M M-2010 Domestic 2,089,342 2,417,916 units International 416, ,805 units Total Handset Sold 2,506,308 2,660,751 units Domestic vs. International Proportion 17% 9% Volume 6 % Domestic International Domestic International 83% 91% - Overall Growth in Mobile Business results from Continuous Domestic Growth.

21 Handset Sold (Units) 1,200,000 1,000, , sold 3.55 M Q1-Q3 sold 2.50 M 100, , , , (est.) 3.70 M Q1-Q3 sold 2.66 M 92,355 67,632 82, M 600, , , , , , , , , ,000 0 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Domestic Inter

22 Highlights (Baht million) Content Sales (9 months) Total 700 Total Y-O-Y 24% Total 567 Non-Voice 113 Non-Voice 212 Non-Voice Service : Steep Growth Growth 88% Voice 454 Voice 488 Voice Service : Steady Growth Growth 7.5% 0 9M M-2010

23 MVNO Growth Drivers Nature of business: Mobile Virtual Network Operator Status Subscribers: 110,000 (Sep 10) (Postpaid 20% / Prepaid 80%) Expected sub by end 2010: 130, ,000 Current Position: No.1 3G MVNO in TOT Port and in Thailand Network Rollout Plan i-mobile 3GX acquires 80% of TOT portfolio 125 k Subs 180 k Subs (Total TOT) k Subs Base Stations Capacity 500K Subs 7.2 Mbps / 1.6 Mbps k Subs 3,000 Base Stations Capacity 4 M Subs 2012 Dec 09 Sep.10 Q1 Q2 Q3 Q4 Dec.10 5,220 Base Stations Capacity 8 M Subs 42 Mbps / 11 Mbps - 80% of TOT Portfolio - Post paid 20% (Compared to Major Operators 10% )

24 Q3 Y10 Performance Highlight Summary Mobile Biz Increased Unit Sold ( 6 %) in Thailand Market Increased Market Share (28% to 31%) Average Price of i-mobile Drops - 21% from THB 2,361 to 1,861 MVNO Biz Number One 3G MVNO in Thailand (80% of TOT s portfolio) Hit 110,000 subscribers in Q3,10 Segmented SIM Card : To launch 3GX Movie SIM with major Content Biz Total +24% Revenue Growth on Voice and Non-Voice service.

25 Domestic Mobile Business Highlights New product concept of i-mobile i phone Smart Feature Phone >>> MVNO ARPU Driven Facebook IMM Twitter App Portal SNS Alert Smart Phones & Gadget >>> 3G Content & Application Driven Android : i 810 Android : i 651 Android : i 691 i-note (7 - Android) with Digital Content Enhance mobile device with Social application, content altogether with affordable tariff plan

26 International Mobile Business Highlights Currently Focus on Malaysia & Indonesia Market Indonesia : Malaysia : Distribute through the largest Mobile Chain Store. Expansion of Channels coverage. Introduce more smart phones and gadgets. Collaborate with Regional Operator - AXIATA Penetrate products to more than 130 million subscribers of AXIATA s Malaysia Indonesia Sri Lanka Bangladesh Cambodia India Singapore Pakistan Iran Regionally penetrate more volume through Regional Operator : AXIATA.

27 Content Business Highlights VDO Call Center & 3G VDO VAS to launch Dialing 4 digits call center no. Live Fortune Telling. Live Sport. Service Enquiry for 3GX Users. Horo on Demand. Sport Hot Clip. Call Center Service Horo Service Evolution of 3G content via VDO Call Feature. Sport Service

28 MVNO Business Highlights Unlimited Package for Smart Phones and Gadget i-note (7 -Android) Tablet ipad Unlimited Voice & Data Blackberry iphone Offer Unlimited 3G Package for advanced devices. Segmented SIM Card Movie SIM Music SIM Served various Segments Sport Traveling & Lifestyle To penetrate in various focused market and increase market stickiness.

29 Samart Telcoms PCL Q Audited Results November 11, 2010

30 Q Performance Y-O-Y Q3-09 Vs Q3-10 Unit: Million Q Q ,600 1,400 1,433 Revenues Net Profit 1, , ,200 1,000 1,026 EPS Revenue Net Profit Revenues 28% Net Profit 2% Total Assets Total Liabilities Equity D/E (L/T debt) ROE (Annualized) ROA (Annualized) 5,916 4,212 1, % 6.3% 5,337 3,835 1, % 6.9% Note: NP is excluded Minority Interest of subsidiaries

31 9M-2010 Performance Y-O-Y 9M-09 Vs 9M-10 5,000 4,500 4,390 4,551 4,000 3,500 3,000 2,500 2,000 1,500 1, Revenues 4 % Net Profit 48% 0 Revenue Net Profit Note: NP is excluded Minority Interest Achievement of 97% of NP last year in only 9-month-period this year

32 Samtel Revenue: Govt. Clients Dominate M % 7% 5% 87% 93% 95% Corporate Government Corporate Government Corporate Government

33 Project Summary 2010 MB Project name Project Value Est. Rev Rec. in Est.Backlog Est. Rev Rec. in Est.Backlog 9M' 2010 End of 9M' 2010 Q4'2010 End of Y' 2010 Signed Before ,261 2,449 2, ,346 New Sign for Q ,541 1, New Sign for Q New Sign for Q , , Major Project Signed in 9M 8,269 3,776 4,493 1,290 3,203 Miscelleneous Project 1, Total Project Signed in 9M 9,269 4,526 4,743 1,540 3,203 Expected Sign for Q , ,700 Total Project 12,469 4,526 4,743 2,040 5,903 Highlight Q3-10 New Sign for Q3-10 > 1,000 MB Project signed in 2010 to date > 3,000 MB Highlight Q4-10 Number of projects on the list worth~ 3,200 MB Y2010 is expected to break the highest record ever

34 Samtel Project Status Value of project on hand (As of Q3-2010) >>>Baht 4,743 mill Expect to sign Q >>> Baht 3,200 mill Total Revenues 2010 (est.) >>> Baht 6,566 mill Other Major Projects to be concluded soon: TOT 3G Network Expansion NGN Network

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