THAICOM Public Company Limited
Contact Us: Investor Relations – Thaicom PLC. +66 (0) 2596 5072 to 73 Ken Streutker – [email protected] Rahttiya Jinsirivanich – [email protected]
Disclaimer
This document contains certain forward-looking statements. They refer to future events and to the future financial performance of the Companies. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe” or “continue”. Although the Companies believe that the expectations reflected in such forward-looking statements are reasonable at this time, it is not intend to give assurance that such expectations will prove to be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
1-Jul-13 2 Our Vision: “To be a Leading Asian Satellite Operator”
1-Jul-13 3 His Majesty King Bhumibol Adulyadej of Thailand officially opened the Thaicom Satellite Station on 17th December 1991.
Our Company
• Thaicom Public Company Limited (formerly named Shin Satellite) was founded on 7th November 1991, part of Shin Corporation (INTOUCH Group)
• His Majesty King Bhumibol Adulyadej of Thailand graciously named the first national communications satellite, “THAICOM” which stands for “Thai Communications”.
1-Jul-13 4 Shareholding Structure
Aspen Holdings Ltd. Cedar Holdings Ltd. (Temasek Holdings) 13.35% 41.62%
Shin Corporation Plc 1),2)
40.45% 41.14% 52.92% 99.96% 99.99%
I.T. Applications and Services Co., 2) ITV Plc 2) Advanced Info THAICOM Plc Matchbox Co., Ltd. Service Plc 2) Ltd.
DTV Service Co., Ltd. 99.99% Shennington Investments Pte Ltd. 51% 1)
CS LoxInfo Plc 2) 42.07% IPSTAR Co., Ltd. 99.96% 1) Holding Company
Cambodian DTV Network Ltd. 100% 2) Listed Company on the Stock Exchange of Thailand
1-Jul-13 5 Our Business
Conventional Satellite
Broadband Satellite
Regional Mobile Phone
Internet and Media
1-Jul-13 6 Our Satellite Fleet
Thaicom 1 Launched: 1993 De-orbited: 2010
Thaicom 4 Thaicom 5 Thaicom 2 Launched: 2005 Launched: 2006 Launched: 1994 De-orbited: 2010
Thaicom 3 Launched: 1997 De-orbited: 2006 Our Capacity
4th Largest Satellite Operator Globally (1st in Asia Pacific)
TC-6 TC-7
1-Jul-13 8 Our Satellite Footprints
Complement each Other across 4 Continents
T4 T5 T6* T7* 119.5°E 78.5°E 78.5°E 120°E T5 T4 C Ku C Ku C Ku C Ku T5 T4 T5 T5 T7 Indochina - - T5 T5 T6 SEA - - - - - T4 T6 T7 South Asia - - - - - T5 T6
North Asia ------T4 Australasia - - - - - T4 ME, Africa ------T5 T7 Remark: *new satellites T4
1-Jul-13 9 Our Positioning: Unique Value Proposition
Broadcast Services Broadband Services
Reach 1.5 billion viewers in Indochina The first and only High Throughput Satellite & South Asia (HTS) satellite in Asia Pacific 460+ neighborhood channels from Most experienced broadband satellite Indochina & South Asia on TC-5 operator in the world End-2-end, Turn-key solutions Presence and landing rights in 13 countries 20 years of track record of quality in Asia Pacific with 10 regional offices service Most cost effective broadband satellite solution in the target market
1-Jul-13 10 Our Services: Broadcast
1-Jul-13 11 Conventional Satellite: THAICOM-5 @78.5E
Asia’s “Hot Bird” for Satellite TV Platform
• Cover 120+ countries in Asia, Australia, Africa & Europe • 460+ TV channels (24 HD channels) • >14 million households in Thailand • No.1 in Thailand and Indochina countries • One of the key players in South Asia
and more…
1-Jul-13 12 Conventional Satellite: Key Market Segments
Broadcasting Telecommunication “National TV Broadcast” “Cellular Backhaul” “Direct-to-Home” “VSAT” “Video Distribution” “Government “Distance Learning” Communications” “HDTV” 78.5°E – the prime orbital slot for Satellite TV platform
1-Jul-13 13 THAICOM-6 @78.5E Marketing plan
Broadcasting
1st African Customer Broadcasting Teleport Partners Telecommunication
1-Jul-13 14 THAICOM-7 @120E Marketing Plan
Telecommunication
Broadcasting
1-Jul-13 15 Our Services: Broadband
1-Jul-13 16 Broadband Satellite: THAICOM-4 (IPSTAR) @119.5E
The first and only High Throughput Satellite (HTS) in Asia Pacific
Presence in 13 Countries & 17 Gateways
1-Jul-13 17 IPSTAR Key Market Segments
Telco Backhaul & Government/USO* Disaster Enterprise Program & Retail Management Market “Cellular Backhaul” “Disaster Recovery “e-Government” “Femtocell” Communications” “Distance Learning” “Rural Telephony” “Emergency “National Communications” “Corporate Broadband Networks” Network” (*Universal Service Obligation)
1-Jul-13 18 Our Market Share
Number 1 in Global Market Share of Leased High Throughput Satellite (HTS) Capacity by Northern Sky Research
NSR Report, Oct 2011 NSR Report, Sep 2012
ViaSat ViaSat Thaicom 26% Thaicom 16% 18% 24%
Hughes Others Hughes 13% 3% 11%
Ciel Satellite Telesat Others Ciel Satellite Communications 19% 34% Communications 13% 23% Source: Northern Sky Research
Remarks: Expect a close race with ViaSat in 2012 ranking as ViaSat-1 satellite has become commercially operational in the US since Jan 2012
1-Jul-13 19 Our Performance
1-Jul-13 20 Overall Performance THCOM share performance relative to Thailand SET % Growth 2008 – 2013 % Revenue break up 2008 vs. 2012: Core satellite business contribution to revenue is increasing THCOM ↑ 309.1%
SET ↑ 88.36% SET Index: 1,471.58 Telephone* 2012 Satellite 9.7% 86.4% 237 MUSD Internet & Media 3.9%
THCOM Share Performance: Overview Share price*: 34.00 Bht or ̴ 1.11 USD Diluted Shares 1.096 billion Outstanding: Telephone* Market Cap: 37.26 billion Bht or ̴1.22 billion USD 2008 BV/share 12.85 Bht or ̴ 0.42 USD 11.5% PBV 2.64 Satellite 187 MUSD 79.7% Internet & Media *As at 17 June, 2013 8.8% 1USD = 30.65 THB * Excluding revenues from discontinued operation (Mfone)
1-Jul-13 21 Start 2013 with strong net profit
Consolidated 237.06 Sale & Services Revenues 216.12 Unit: MUSD 14% Revenues grew 9.7% 187.54 188.16 191.13 14% in Y2012 mainly from Satellite business 20% 22% 22%
Dividend paid 0.013 60.10 USD/share, or 253%
Others 13% to conso. Net Profit Satellite 80% 78% 78% 86% 86% 87%
20082008 20092009 20102010 20112011 20122012 1Q1Q1313 Net Profit 10.77 Unit: MUSD Net Profit significantly 5.68 0.011 grew in 1Q13 0.005 2008 2009 2010 2011 2012 1Q13 No more losses from EPS (USD) (0.014) (0.014) (0.021) (0.023) discontinued Mfone -15.37 -15.99 -23.23 -25.74
1-Jul-13 22 Strong Satellite performances from integrated strategies
Satellite Revenues Unit: MUSD 204.86 185.45 149.53 147.01 150.02 54% 54% 50% 48% 51%
52.27 IPSTAR 46% 50% 52% 49% 46% 54% Conventional 46% 20082008 20092009 20102010 20112011 20122012 11QQ1313
103.26 Satellite EBITDA 86.26 Unit: MUSD 46.26 53.34 50.31 50% 47% 49% 25.22 36% 34% EBITDA Margin 31%
2008 2009 2010 2011 2012 1Q13
1-Jul-13 23 Consolidated revenues by country
2012 2011 Unit: MUSD +6% %Total revenues break up by country 0.53 0. 50 China Others +22% 16% +4% 20 25 -5% Thailand Australia 2012 99..99 10.4 Lao PDR 29 27 44% 27 15% India +16% Japan 242 MUSD* Japan 106 91 11% Lao PDR India Thailand 10% 4%
*Include other income and FX gain/loss
+12% o New Zealand o Myanmar -1% 35 39 o Malaysia 35 35.5 o Philippines 35.3 Others o Indonesia o Vietnam Australia
1-Jul-13 24 Cash balance remains good on continuing strong operational performance Unit: MUSD
Strong ending cash after repayment of D/E Ratio at 0.51x debenture
Equity Conso. CF 2010 2011 2012 1Q13 459.70 CF from 59.87 99.12 114.49 30.18 Operating Assets* CF from Liabilities** (18.63) (77.29) (61.04) (6.36) 698.18 Investing 101.01 CF from (25.64) 30.38 (72.66) 0.82 Financing Interest bearing debt Cash Ending 41.47 93.51 74.00* 98.08 235.53 Cash *After the debenture of 107.67 MUSD was paid 98.06 entirely in November 2012.
* Exclude Cash ** Exclude Interest-Bearing Debt
1-Jul-13 25 Our Future: Expand resource for future growth
TC-7 @120°E TC-6 @78.5°E
TC-5 @78.5°E TC-3 @78.5°E de-orbited TC-2 TC-1A @78.5°E @120°E de-orbited de-orbited
TC-4 “Follow-on satellite systems @119.5°E to ensure long term viability”
1-Jul-13 26
Appendix
1-Jul-13 27 Our Vision
To be a Leading Asian Satellite Operator
1-Jul-13 28 Our Mission
Core Theme for 2013
Sustainable & Profitable Growth
Sustain growth and return profit to shareholders
Develop innovative solutions and new markets
Enhance company reputation among all stakeholders
Create a Great Workplace and High Performance Organization
1-Jul-13 29 Our Capability Number 7 in the World (2nd in Asia Pacific) in 2012 Fast Twenty Ranking by World Teleport Association
THAICOM Teleport and DTH Center • Located at “Lad Lum Kaew, Pathumthani, Thailand” (since 1996) • The World’s first ISO 9000 certified operator for satellite and teleport services • Equipped with world class facilities
1-Jul-13 30 Our Customers in 20+ Countries
India Nepal Myanmar China Korea Pakistan Japan
Sweden Vietnam
Israel Laos
Egypt Thailand Philippines
Somaliland Cambodia Maldives Malaysia Indonesia Australia New Zealand
1-Jul-13 31 Our Management System
Organization Succession Corporate Social Structure Plan Responsibility Product-based All key Value-based CSR to Functional- Corporate positions based Culture
High Strategic Performance Organization Professional & Operational & Managerial Financial Risks Corporate Governance Risk Talent Management Development Transparent & Auditable
1-Jul-13 32 Our Strategies: Short Term Plan
Strategic Partnerships IPSTAR Focus Conventional Focus
End-to-End Services System Integration 1-Jul-13 33 Our Strategies: Long Term Plan
Upstream Expansion Downstream Expansion
Fleet Expansion
Broadcast Broadband Integrated Solutions
1-Jul-13 34 Broadcast Services
THAICOM (Conventional)
3. Direct-to-Home (DTH)
Production Studio/ Uplink Station 1. TV Station (VHF/UHF) 2. Cable TV
1-Jul-13 35 IPSTAR Broadband Services
THAICOM-4 (IPSTAR)
Femto/ Small Node B BSC RNC Cell
Mobile Operator’s BTS Core Network 1. Mobile 2G/ 3G/ LTE/ Disaster
Headquarter 2. Enterprise/ SME/ Home IPSTAR Gateway
Internet 3. Government/ Community/ School/ USO BSC: Base Station Controller RNC: Radio Network Controller BTS: Base Transceiver Station
1-Jul-13 36 Telephone Business
1-Jul-13 37 Lao Telecom 2012 Results • Maintain leadership with 44.2% market share • Revenue grew 19% YoY from increased voice and data Lao Mobile Market usage, with improved ARPU As of December 2012 • NI grew 117%, while EBITDA grew 26% • Launched 4G in November to serve ASEAN Summit 2012 by providing 20 sites in Vientaine Capital • Dealer network improved and strengthened considerably LTC 44.2% 2013 Moving Forward 2.75 mil. UNITEL • Continued focus on dealer network to ensure quality of Subscribers 36.1% service and improved distribution
• Strengthen brand perception and recognition through segment strategies • Focus on provincial communities to protect our market and regain subscribers BEELINE ETL • Focus on value added service with enriched data content 5.3% 14.4% and applications • Improve network infrastructure and blind spot areas • Customer-centric: enhance customer experience
1-Jul-13 38 Internet and Media Business
1-Jul-13 39 DTV – 2012 Results
D-KHOOM Plus Box
Launched new D-Khoom Plus box • Lower price to compete with other players • To match untapped market demand
Stimulated HDTV market – 24 HD Channels DTV HD Box • Launched DTV-HD1 Box by bundling with UEFA EURO 2012 Event • Operated 2 HD own channels and 3 HD from GMM • Expanded to new HD segment through AV-Shop and Modern trade
1-Jul-13 40 DTV – Strategic Moves
New HD boxes to meet all target • Launch low-cost HD box to drive and stimulate market • Launch DTV-HD3 box with PVR function and DTV-Hybrid box for high-end HD market HD3 with PVR Getting ready for Thaicom-6 • Increase S2 programs for both SD and HD on DTV platform • To prepare HD viewers base for Thaicom-6 Hybrid Box Expand dealer network to reach more customers • Through master dealer model and modern trade channel
Create synergy with content partners • To leverage eyeballs on DTV platform • To work on a revenue sharing model i.e. pay-TV channels
Develop and implement Ratings box • To build a TV ratings network on Thaicom Satellite
1-Jul-13 41 CS Loxinfo PLC Business Operations
ICT Service Directories Voice Info (Internet computer & Telecom) - Online shopping Services & Mobile
-Internet Access and Data - Yellow pages Content Services - Print products -Web Creation/Hosting -Online entertainment -Internet Date Center -Games -Mobile content Unit: MUSD Revenue Net Profit % Revenue Contribution by Segment
1-Jul-13 42 Awards & Distinctions Certificate of Excellence, Best investor relations by a Thai Satellite Communications Service Provider of the company (2009) Year Award (2005) Corporate Social Responsibility Industry Innovator Award for Technology Award from the World Teleport Development and Applications (2006) Association (2011)
A finalist for the Corporate Teleport 2010/2011 Board of the Year Award for Operator of the Year Award (2006) Distinctive Practices (2012) THAICOM Teleport & DTH Center ranked top 8 worldwide (2006) 2012 Asia-Pacific Communications Best SME Telecommunications Deal of the Year 2011 – Thaicom 6 Carrier/Service Provider Award, IPSTAR Receive an Award IPSTAR Australia (2007) from Japan’s MIC on Radio Satellite Executive of the Year in Wave Day (2012) Asia Pacific Award, Thailand’s Best Mid-Cap Dr. Dumrong Kasemset (2007) Company IPSTAR Community Broadband Project in Thailand’s Best CEO (2013) Vietnam won a silver medal at the Asia Pacific ICT Awards (2008)
43 7/1/2013