True Corporation Plc.

Transcription

1 True Corporation Plc. At a Glance Nov 2014 Disclaimer: This presentation contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of Discussion of factors that may affect future results is contained in our recent filings with the Securities and Exchange Commission.

2 True Group Thailand s convergence lifestyle leader 1 China Mobile CP Group Public shareholders 18.0% 51.3% 30.7% 100.0% 1/ 100.0% 2/ 100.0% 31.5% Mobile Group Pay TV Wireline/Online Wireline/online Telecom Infrastructure Fund 23.4 mn subs 25% subscriber market share 4G LTE 2100 MHz 3G+ 850, 2100 MHz 2G 1800 MHz (temporary measure) International call services: 006 (TDM), (VoIP) Thailand s leading nationwide pay TV provider 2.4 mn subs Enhanced, secure HD broadcasting system with MPEG-4 & secure silicon Fixed-line operator with 1.6 mn subs in Greater Bangkok area Broadband leadership with 2.0 mn broadband Internet subs via FTTx, DOCSIS 3.0 and xdsl Over 100,000 WiFi hotspots 37% broadband subscriber market share Thailand s first and only Telecom infrastructure fund Diverse portfolio of telecom infrastructure assets 11,845 Telecom towers* 1,037,545 core-km of FOC system* 1.2 mn ports HFC network for cable TV and broadband services Note: 1/ Holds 100.0% in Real Future Co., Ltd. and indirectly holds 99.4% in True Move Co., Ltd. and 99.5% in Real Move Co., Ltd. 2/ Indirectly holds 100.0% in True Visions Group Co., Ltd. (which holds 99.5% in True Visions PLC and 99.1% in True Visions Cable PLC) 3/ Market share and subscriber figures are as at Sep 30, 2014 (source: Company) * Transfer of the AWC towers and a call option for TRUEGIF to buy the assets from BFKT when AWC Leasing Agreement/ HSPA Leasing Agreement expires

3 Key strategic milestones Transformation from a fixed-line concessionaire to a quad-play operator : Launched cable TV service under UTV; merged with IBC in 1998 to form UBC 2003: Launched broadband services 2007: Launched the first bundled package True Life Freeview which offered popular convergence package of TrueMove and TrueVisions 2011: Completed Hutch acquisition; First Thai operator to launch commercial 3G services, greatly reducing regulatory costs; launched DOCSIS 3.0 cable modem network 2013: Launched Thailand s first 4G LTE services; successfully launched Thailand s first Telecom infrastructure fund TRUEGIF ; acquired TV broadcasting service and network licenses 1991: Started fixed-line telephone service under a B-T-O concession with TOT (first 2 mn lines) 2002: TA Orange launched its cellular service under the Orange brand 2006: Completed UBC tender offer and rebranded as TrueVisions ; expanded pay TV services to mass market; introduced first public WiFi service 2009: First Thai operator to launch Apple s iphone 3G; offered 3G 850 MHz trial service 2012: Acquired the 2.1 GHz spectrum license; offered the fastest consumer broadband experience at 200 Mbps; activated the new broadcasting system (MPEG-4) 2014: Capital raising of Bt 65 bn via partnership with China Mobile and Rights Offering; acquired license for 2 digital terrestrial TV channels

4 2014 Recapitalization and Strategic Partnership 3 Benefits from Recapitalization (Bt 65 bn) Enhancing capital structure and financial performance Synergies with China Mobile Procurement (i.e. handsets/ devices/ telecom equipment) Significant debt reduction Lower cost of debt Net debt to EBITDA ratio <= 2 times Improving credit profile International roaming alliance Best practices sharing Content& applications exchange

5 3Q14 Highlights 4 True Group reported strong YoY performance improvement, driven by Solid revenue growth, ongoing cost management and gain from towers transfer to TRUEGIF Convergence remained key for customer base expansion TrueMobile gained service revenue market share, outperforming the industry TrueOnline s broadband Internet performed well with solid net adds of over 70k Successful pay TV business transition of TrueVisions Group post concession expiration

6 Convergence drives growth in all core segments 5 True Group s subscribers 000 subs 19,998 1,705 1,175 21,917 1,642 1,335 24,584 2,042 1,570 27,057 27,824 2,371 2,372 1,810 2,012 17,118 18,940 20,972 22,876 23, Q14 TrueMobile TrueOnline (Broadband) TrueVisions Record 9 mth net adds Strong upward trend Broadband TrueOnline Postpaid Subs TrueMobile 000 subs 000 subs 000 subs Standard package TrueVisions 1,810 2,012 3,162 3, Q13 3Q14 4Q13 3Q14 4Q13 3Q14

7 Strategic Outlook 6 Key distanced leadership in network& service quality and attractive offerings mobile Expand 4G network to reach 80% population coverage by mid 2015 Expand broadband network via FTTx to 4 mn households in BMA by 2016 Strengthen premium offerings with more quality HD content on all platforms Leverage on strong convergence platform to increase revenue and customers loyalty Corporate-wide cost management to enhance profitability Continue Localized marketing activities to further penetrate into all subsegments