Samart Group Q3-2010 Audited Results November 11, 2010
WATCHAI VILAILUCK PRESIDENT SAMART CORPORATION PCL.
SIRICHAI RASAMEECHAN EXECUTIVE VICE CHAIRMAN SAMART CORPORATION PCL.
ICT SOLUTIONS PAIROTE VAROPHAS EXECUTIVE VICE CHAIRMAN SAMART TELCOMS PCL.
MOBILE MULTIMEDIA THANANAN VILAILUCK PRESIDENT SAMART I-MOBILE PCL.
Samart Corporation PCL Q3-2010 Audited Results November 11, 2010
Q3-2010 Consolidated Performance 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 4,499 Revenue Y-O-Y Q3-2010 Q3-2009 Q3-09 Vs Q3-10 Revenues 3,755 4,499 Net Profit 193 139 3,755 139 193 Net Profit Revenues 17 % Net Profit 39 % EPS 0.20 0.15 Total Assets 15,079 14,796 Total Liabilities 9,520 9,919 Equity 5,559 4,877 D/E (L/T debt) 0.11 0.21 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
Q3-2010 Consolidated Performance Q-O-Q Q2-10 Vs Q3-10 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 4,354 Revenue 3,755 145 193 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
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 305 485 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
Revenue & NP Contribution from Business Units Revenue Contribution Q3-10 Net Profit Contribution Q3-10 18% 16% 27% 55% SIM SAMTEL Related 50% 34% SIM SAMTEL Related SAMART hold SIM 58.28% SAMART hold SAMTEL 70.64%
Related Businesses Q3-2010 Performance
REV 205 200 195 190 185 180 175 203 Cambodia Air Traffic Services 198 191 182 170 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Maintain 14,000-15,000 flights per quarter
REV Kampot Power Plant 60 55 50 54 49 49 49 45 40 35 30 25 20 Q4-2009 Q1-2010 Q2-2010 Q3-2010 KPP generating 16 MWe electricity
Call Center Business REV 1000 900 800 700 600 500 400 300 200 100 0 17% 49% 888 596 507 2008 2009 2010 (Est.) Project on hand 1,000 mill. Baht Q3-Sign (SSO) 547 mill. Baht (GPF) 18 mill. Baht MIA Listing 1H-2011
Vision & Security System REV 450 400 350 300 250 200 150 100 50 0 160% 109% 400 191 73 2008 2009 2010 (Est.) Turnkey security solutions: Customers: - Government Center - Bangkok Metropolitan Authority -AOT -TOT Potential Opportunities: - CTX Scanners - Govt Center Phase II - Chonburi Province Government
Samart I-Mobile I PCL Q3-2010 Audited Results November 11, 2010
Q3-2010 Performance 3,000 2,500 2,524 Y-O-Y Q3-09 Vs Q3-10 2,058 Q3-2010 Q3-2009 Revenue 2,058 2,524 Net Profit 51 34 2,000 1,500 1,000 500 34 51 EPS 0.012 0.008 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) 0.00 0.00 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
Q3-2010 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% 500 0 Revenue 31 51 Net Profit Drop in revenues >> Remained flat Net Profit higher >> Improved GP from mobile business >> Inventory management
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 1,000 90 109 0 Revenue Net Profit Revenue drop >> Avg. selling price decreased in mobile business Higher NP >> Higher GP from Mobile business and inventory management
Handset Sold (Y-o-Y) HANDSET SOLD 9M-2009 9M-2010 Domestic 2,089,342 2,417,916 units International 416,696 242,805 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.
Handset Sold (Units) 1,200,000 1,000,000 800,000 2009 sold 3.55 M Q1-Q3 sold 2.50 M 100,547 100,724 215,425 101,917 2010(est.) 3.70 M Q1-Q3 sold 2.66 M 92,355 67,632 82,818 1.04 M 600,000 400,000 675,370 631,003 782,969 938,562 745,197 839,935 832,814 200,000 0 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Domestic Inter
Highlights (Baht million) Content Sales (9 months) 800 700 Total 700 Total Y-O-Y 24% 600 500 400 Total 567 Non-Voice 113 Non-Voice 212 Non-Voice Service : Steep Growth Growth 88% 300 200 100 Voice 454 Voice 488 Voice Service : Steady Growth Growth 7.5% 0 9M-2009 9M-2010
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: 130,000-150,000 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) 130-150 k Subs 2010 550 Base Stations Capacity 500K Subs 7.2 Mbps / 1.6 Mbps 2011 110 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% )
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.
Domestic Mobile Business Highlights New product concept of i-mobile i phone Smart Feature Phone >>> MVNO ARPU Driven email 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
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.
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
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.
Samart Telcoms PCL Q3-2010 Audited Results November 11, 2010
Q3-2010 Performance Y-O-Y Q3-09 Vs Q3-10 Unit: Million Q3-2010 Q3-2009 1,600 1,400 1,433 Revenues Net Profit 1,026 94 1,433 92 1,200 1,000 1,026 EPS 0.15 0.15 800 600 400 200 0 Revenue 92 94 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 1,705 0.02 22.0% 6.3% 5,337 3,835 1,502 0.04 24.5% 6.9% Note: NP is excluded Minority Interest of subsidiaries
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 1,000 500 197 292 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
Samtel Revenue: Govt. Clients Dominate 2008 2009 9M-2010 13% 7% 5% 87% 93% 95% Corporate Government Corporate Government Corporate Government
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 2010 5,261 2,449 2,812 466 2,346 New Sign for Q1-2010 1,541 1,121 420 311 108 New Sign for Q2-2010 377 145 232 232 - New Sign for Q3-2010 1,091 61 1,030 281 749 Major Project Signed in 9M 8,269 3,776 4,493 1,290 3,203 Miscelleneous Project 1,000 750 250 250 - Total Project Signed in 9M 9,269 4,526 4,743 1,540 3,203 Expected Sign for Q4-2010 3,200 - - 500 2,700 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
Samtel Project Status Value of project on hand (As of Q3-2010) >>>Baht 4,743 mill Expect to sign Q4-2010 >>> 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