IndiHome And Telkomsel Support Telkom's Net Profit To Reach Rp6.1 Trillion In The First Quarter Of 2022

Telkom Indonesia. (Photo: Doc. Antara)

JAKARTA - PT Telkom Indonesia (Persero) Tbk (Telkom) recorded a performance that continued to grow in the first three months of 2022. The issuer coded as TLKM stock managed to record revenue of Rp. 35.2 trillion or grew 3.7 percent on an annual basis or year on year (yoy). ).

Meanwhile, EBITDA was recorded at Rp. 19.4 trillion and net profit of Rp. 6.1 trillion. They grew 3.1 percent and 1.7 percent respectively from the same period last year.

Telkom's President Director Ririek Adriansyah said, the increasingly strong performance of IndiHome and Telkomsel's Digital Business is still the engine of the company's revenue growth.

In the fixed broadband segment, IndiHome posted revenue of Rp. 6.9 trillion or grew 7.9 percent yoy with a total contribution to the company's revenue reaching 19.5 percent. Meanwhile, IndiHome subscribers until the end of March 2022 reached 8.7 million or grew 7.2 percent over the same period last year.

In addition, IndiHome's ARPU is increasingly stable at around Rp. 270 thousand, driven by revenue from add-ons which grew 15.6 percent yoy and contributed 15.9 percent of IndiHome's total revenue. To improve the customer's digital experience, IndiHome continues to collaborate with content providers (Disney+ Hotstar and others) that provide the best and quality shows.

"Last month, IndiHome and Telkomsel agreed to cooperate with Netflix in an effort to offer leading-edge content for TelkomGroup customers. With services that reach up to 498 of the total 514 IKK in Indonesia, IndiHome plays an important role in encouraging the development of the digital community," he said in an official statement. , Tuesday 10 May.

In the Mobile segment, Ririek said that Telkomsel also managed to record revenue of Rp. 21.3 trillion. The number of Telkomsel subscribers at the end of March 2022 reached 175.0 million customers with 119.8 million mobile data users (growing 4.3 percent yoy). Data traffic also grew 19.2 percent from the same period last year.

The total BTS owned by Telkomsel until the end of the first quarter of 2022 reached 247,930 units or grew 5.9 percent yoy, of which 197,721 were 3G/4G/5G BTS.

"The Digital Business sector is a new growth engine for Telkomsel driven by the healthy growth of Data & Digital Services which has the potential to continue to grow in the future," he said.

On the other hand, until March 2022, the Enterprise segment recorded revenue of Rp. 4.2 trillion or grew 1.9 percent yoy, with B2B IT Services and digital services for corporations being the largest contributors.

Meanwhile, Ririek continued, the Wholesale and International segments recorded revenue of Rp. 3.9 trillion or grew 16.0 percent yoy, which was mainly from the growth of the telecommunications tower business and international wholesale voice services. In the telecommunication tower business, Mitratel posted revenue of IDR 1.87 trillion or grew 21.5 percent yoy with EBITDA and net profit growing 28.8 percent and 33.9 percent, respectively.

Mitratel's EBITDA margin and net profit margin also increased to 77.1 percent and 24.6 percent, in line with the company's commitment to optimizing value for shareholders, where Mitratel continues to develop its fiber optic business portfolio to strengthen the tower business it manages.

Furthermore, the data center and cloud are still the business focus developed by Telkom in line with the significant growing demand from the company's digital business activities. Currently, TelkomGroup is consolidating its data center business.

Realization of capex

In line with its financial performance, in the first three months of this year, the company has used capital expenditure or capital expenditure (capex) of IDR 5.7 trillion or 16.3 percent of total revenue.

Ririek explained that the capital expenditure was mainly used to strengthen network and supporting infrastructure to increase capacity, both in the fixed line and mobile businesses for the best digital experience for customers.

"In 2022, Telkom focuses on accelerating the company's transformation to become a digital telco. There are five main strategies to be realized to strengthen the company's competitive advantages, increase value creation for stakeholders and support the realization of sustainable competitive growth," Ririek added.

"This step is starting to show good results and we believe it will have a positive impact on the company in the next 2-3 years," he continued.

To strengthen the company's portfolio, said Ririek, his party will accelerate the transformation process, and improve digital capabilities, Telkom recently established a strategic partnership, one of which is with Microsoft.

"This initiative is expected to have a positive impact on Telkom's business development, especially in the realm of digital platforms and digital services. This collaboration includes the utilization of Telkom's Hyperscale Data Center infrastructure assets to support Indonesia's digital transformation journey," he explained.