The following is a summary of the Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Q3 2024 Earnings Call Transcript:
Financial Performance:
Telkom Group reported a modest 0.9% year-on-year revenue growth amounting to IDR 112.2 trillion.
EBITDA stood at IDR 56.6 trillion, showing a decline of 4.1% year-on-year, with an adjusted EBITDA of IDR 57.8 trillion after stripping out one-off costs.
Operating net income decreased by 5.1% year-on-year to IDR 18.6 trillion.CapEx spend during the period was IDR 17.5 trillion, with a CapEx to revenue ratio of 15.6%, projected to increase to 22-24% by year-end.
Gearing ratio remained healthy at 0.6 times net debt-to-EBITDA.
Business Progress:
Achieved considerable growth in data payload, up 12.4% year-on-year, indicating robust demand for data services.
Under the FMC initiative, integrated IndiHome into Telkomsel which resulted in a 16.4% revenue growth from the B2C segment and an enhanced consumer broadband base grown by 200.6% year-on-year.
Initiated 5 Bold Moves strategy for corporate transformation, focusing on efficient business processes.
Advanced with the InfraCo initiative, establishing PT Telkom Infrastruktur Indonesia for managing fiber infrastructure services.
Opportunities:
The company is leveraging transformations such as the 5 Bold Moves to adapt to market conditions and improve competitiveness. Moreover, the integration of IndiHome with Telkomsel points to potential in the FMC strategy, providing an opportunity to expand market share in broadband services.
Continued growth in digital and data center platforms, indicating an opportunity to scale these critical units and broaden overall service offerings and market appeal.
Risks:
Mentioned risks include increased competitive pressure and sensitivity to macroeconomic changes that could alter consumer spending and credit use. The focus on capturing the evolving mass market segment and the ongoing price sensitivity pose risks if not managed properly.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
