Samart Group. Q Audited Results

Transcription

1 Samart Group Q Audited Results August 16, 2010

2 Q2 Performance Overview SIRICHAI RASAMEECHAN EXECUTIVE VICE CHAIRMAN SAMART CORPORATION PCL.

3 Samart Corporation PCL Q Audited Results August 16, 2010

4 Q Consolidated Performance 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, ,437 Y-O-Y Q Q Q2-09 Vs Q2-10 Revenue 4,355 4,437 4,355 Net Profit Revenue Net Profit Revenues 2 % Net Profit 19% EPS Total Assets 16,226 14,513 Total Liabilities 11,153 9,786 Equity 5,073 4,727 D/E (L/T debt) ROE (Annualized) 11.4% 10.0% ROA (Annualized) 3.6% 2.0% Net profit improved due to higher contribution from SAMTEL & related businesses

5 Q Consolidated Performance Q-O-Q Q1-10 Vs Q2-10 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, ,532 Revenue 4, Net Profit Revenues Net Profit -flat- -flat-

6 1H-2010 Consolidated Performance Y-O-Y 1H-09 Vs 1H-10 10,000 9,000 8,210 8,869 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Revenue Net Profit Revenues 8% Net Profit 76% Net profit improved due to higher contribution from SAMTEL & related businesses

7 Revenue & NP Contribution by Business Units Revenue Contribution Q2-10 Net Profit Contribution Q % 12% 40% 47% SIM SAMTEL Related 36% 52% SIM SAMTEL Related

8 Samart Telcoms PCL Q Audited Results August 16, 2010

9 Q Performance Unit: Million Baht MB 2,000 1,500 1, ,830 1,773 Revenue Y-O-Y Q2-09 Vs Q2-10 Q Q Net Income - Revenues 3% - Net Profit 26% Q Q Revenue 1,773 1,830 Net Profit EPS Total Assets 6,625 5,108 Total Liabilities 4,969 3,699 Equity 1,652 1,409 D/E (L/T debt) ROE (Annualized) 25.7% 23.8% ROA (Annualized) 6.4% 6.6%

10 Q Performance Unit: Million Baht MB 2,000 1,500 1, ,732 1,773 Revenue Q-O-Q Q1-10 Vs Q Net Income - Revenues 2% - Net Profit 15% Q Q Q Q Revenue 1,773 1,732 Net Profit EPS Total Assets 6,625 6,265 Total Liabilities 4,969 4,597 Equity 1,652 1,668 D/E (L/T debt) ROE (Annualized) 25.7% 22.1% ROA (Annualized) 6.4% 5.9%

11 Q Performance H-O-H H1-09 Vs H1-10 2,000 MB 2,967 3,505 H H ,500 1, Revenue Net Income - Revenues 18% - Net Profit 89%

12 Samart I-Mobile I PCL Q Audited Results August 16, 2010

13 Q Performance Y-O-Y Q2-09 Vs Q2-10 Q Q ,500 2,148 2,047 Revenue 2,047 2,148 Net Profit ,000 1,500 EPS , Total Assets 6, Total Liabilities 3,952 3,699 Equity 2,333 2,310 0 Revenue Net Profit Revenues 5 % Net Profit 33 % D/E (L/T debt) ROE (annualized) 5.3% 7.9% ROA (annualized) 2.0% 3.0% - Drop in revenues is due to lower average selling price - Net Profit were lower due to promotional expenses on MVNO

14 Q Performance Q-O-Q Q1-10 Vs Q2-10 2,500 2,000 2,272 2,047 1,500 1, Revenues 10 % Net Profit 15 % 0 Revenue Net Profit - Drop in revenues is due to lower average selling price - Q-O-Q profit improvement is due to better performance from content business

15 1H-2010 Performance Y-O-Y 1H-09 Vs 1H-10 4,500 4,341 4,320 4,000 3,500 3,000 2,500 2,000 1,500 1, Revenues 1 % Net Profit 4 % 0 Revenue Net Profit - Lower revenues due to lower average selling price - Net Profit improved due to higher sale and GP on domestic market - BUG

16 Highlights Content Sales (Baht million) Q Q Q Q QOQ 13% YOY 35%

17 Q2,10: Performance Highlight Market share (i-mobile) +4% [ From 28% (Q1,10) to 32% (Q2,10)] Maintain no.2 market share in Thailand Gross profit (i-mobile) +2% [ From 17% (Q2,09) to 19% (Q2,10)] i-link More than 5 Million Hits as key driver to generate recurring revenue from handheld business MVNO Biz Total 85,000 subscribers in Q2,10 Content Biz +9% Revenue growth on Voice and Non-Voice service together Realized of World Cup festival & CAT s VAS service (RBT & Streaming)

18 Related Businesses Q Performance

19 Cambodia Air Traffic Services Q Q Q Q Q Flight Volume maintain at 14,000-15,000 flights per quarter

20 Kampot Power Plant Q Q Q Q KPP generating 16 MWe electricity as per the contract Revenues fluctuate due to THB/USD exchange rate

21 Call Center Project on hand = Baht 1,000 million In addition: - Signed two call center projects worth Baht 525 mill - Won another project worth Baht 551 mill (expected to sign in August 2010) - Since its inception in 2000, Call center business is growing at 25% p.a. and likely to grow at healthy double digits in the future

22 1H10 Review & 2H10 Forecast WATCHAI VILAILUCK PRESIDENT SAMART CORPORATION PCL.

23 Key Performance Observations 1H-2010 Satisfactory performance from all three listed companies Contracts worth Baht 3.2 billion in various subsidiaries were signed during 1H-10 Businesses in Kingdom of Cambodia are performing as per the expectations

24 Key Performance Observations 1H-2010 Samtel, BUG & related businesses (in Thailand and Cambodia) performed very well MVNO business shall take time to achieve critical mass Domestic handset volume and gross margins were higher

25 Key Performance Observations 2H-2010 We shall continue to maintain healthier project backlog in Samtel and other businesses and at the same time maximize efforts to seek closure on mega projects in order to further strengthen Samart Group

26 2H10 LOB Strategic Moves MOBILE MULTIMEDIA THANANAN VILAILUCK PRESIDENT SAMART I-MOBILE PCL.

27 Handset Value & Volume (y-o-y) Handset sales by value Q Q Domestic H/S Sales 1,444 1,430 mill. International H/S Sales mill. Total Value 1,889 1,774 mill. Handset sales by volume Q Q Domestic 631, ,938 units International 100,724 67,632 units Total Handset Sales 731, ,187 units Value 6% Volume 24%

28 Q vs. Q Total Handset Sales 1,000, , % 839, % 907, , , , , ,003 I-mobile 92% I-mobile 84% 500, , , , , % 100,724 67,632 I-mobile 28% Domestic Inter Total Q Q2-2010

29 2 nd Half,10: Business Highlight (Mobile business) New product concept of i-mobile phone New product concept: Push SNS & Application Hi-light Products Facebook IMM Twitter Benefits to Business Increase Unit Average Price SNS & Alert Create opportunities for Recurring Revenue 7 Qwerty Android : i 680 Smart Android : i 810 i-note (Temp Name)

30 2 nd Half,10: Business Highlight (Content business) VDO Call Center Ease of connection by dialing 4 digits call center no. Live chat with various GURUs i.e. fortuneteller, health & consultancy, Eat- Drink-Travel etc. Web shopping + Payment Gateway Benefits to Business Benefits to Business Extension from Voice(2G) to VDO service(3g) Drive VDO Call usage with ease of use application Capture market trend of online shopping Via Online Payment Gateway Virtual Shopping Center Major Banks

31 2 nd Half: Business Highlight (MVNO business) Unlimited package i-mobile smart phone series 7 Unlimited data Unlimited Voice (VOIP) Exclusive Package Benefits to Business Benefits to Business Increase ARPU Market Differentiation (Exclusively for i-mobile 3GX subs) Response to Market Expectation of 3G Unlimited Package

32 2H10 LOB Strategic Moves ICT SOLUTIONS PAIROTE VAROPHAS EXECUTIVE VICE CHAIRMAN SAMART TELCOMS PCL.

33 Project name Project Summary 2010 Project Value MB Backlog Est. Rev. Rec. Est.Backlog Begin of 2010 in 2010 End of 2010 Signed Before ,211 5,261 2,988 2,273 New Sign for Q ,541-1, New Sign for Q Total Project Signed 14,408 5,261 4,756 2,702 Expected Sign for Q3-Q ,260-2,630 2,630 Estimated Major Project 19,668 5,261 7,386 5,332 Miscelleneous Project Total Project 20,468 5,261 8,186 5,332

34 Prospect Customer in 2H-2010 MB Customer Est. Project Value PEA 1,600 CAT 1,000 MOI 970 Mass Communications 720 MEA 360 BMA 230 TOT 200 DOPA 180 Total Project Value 5,260

35 Project Value in 2010 Unit: Million Baht 15,000 10,000 5,260 5,000 5,000 10,000 5,261 Backlog end of ,197 Key 2010 project signed to date Expected sign in Q3-Q4, ,718 Project value on hand 2010 Expected recognition in ,386 5,332 Backlog end of 2010 Q1 TOT: Multi Chasiss (272 MB), DWDM Regional Network (159 MB) Super Core Phase II (195 MB) CAT: AAG (595 MB) MOI: Telephone Improvement (183 MB) Q2 TOT: Mabtupud (279MB) TOT: DWDM Platinum (195 MB) Key Customers PEA MEA MOI

36 Achievement to date in 2010 (Back up) Project signed in Q1-10 TOT: Multi Chasiss (272 MB), DWDM Regional Network (159 MB) Super Core Phase II (195 MB) Project signed in Q2-10 TOT: Mabtupud (279MB) TOT: DWDM Platinum (195 MB) CAT: AAG (595 MB) MOI: Telephone Improvement (183 MB) Total achievement to date worth > 2,100 MB

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