Transcription
4th Quarter FY22 Results31 March 2022Constituent of FTSE4Good Bursa Malaysia Indexsince December 2013
DisclaimerThis document contains certain forward-looking statements with respect to Astro Malaysia Holdings Berhad’s (“Astro”) financial condition,results of operations and business, and management’s strategy, plans and objectives for Astro. These statements include, without limitation,those that express forecasts, expectations and projections such as forecasts, expectations and projections in relation to new products andservices, revenue, profit, cash flow, operational metrics etc.These statements (and all other forward-looking statements contained in this document) are not guarantees of future performance and aresubject to risks, uncertainties and other factors, some of which are beyond Astro’s control, are difficult to predict and could cause actualresults to differ materially from those expressed or implied or forecast in the forward-looking statements. These factors include, but are notlimited to, the fact that Astro operates in a competitive environment that is subject to rapid change, the effects of laws and governmentregulation upon Astro’s activities, its reliance on technology which is subject to risk of failure, change and development, the fact that Astro isreliant on encryption and other technologies to restrict unauthorised access to its services, failure of key suppliers, risks inherent in theimplementation of large-scale capital expenditure projects, and the fact that Astro relies on intellectual property and proprietary rights whichmay not be adequately protected under current laws or which may be subject to unauthorised use.All forward-looking statements in this presentation are based on information known to Astro on the date hereof. Astro undertakes noobligation publicly to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.This presentation has been prepared by Astro. The information in this presentation, including forward-looking statements, has not beenindependently verified. Without limiting any of the foregoing in this disclaimer, no representation or warranty, express or implied, is made asto, and no reliance should be placed on, the fairness, accuracy or completeness of such information. Astro and its subsidiaries, affiliates,representatives and advisers shall have no liability whatsoever (whether in negligence or otherwise) for any loss, damage, costs or expenseshowsoever arising out of or in connection with this presentation.2
4Q FY22 key performance highlightsQuarter-on-quarter financial highlights3Q FY22 4Q FY22NB:(1)RevenueEBITDARM 1.02bn RM 1.03bnRevenue up supported by adex recoveryRM 296mn RM 306mnEBITDA margin of 30%, up 1p.p. as sports cost roll offCommerceNormalised PATAMI (1)RM 94mn RM 67mnPerformance impacted due to subdued consumer sentiment andincreased offline shopping resulting from lockdown fatigueRM 96mn RM 131mnNormalised PATAMI margin of 13%AdexFCF of RM 147mnRM 94mn RM 146mnAdex up 56% QoQ as restrictions eased and with Astro Originalsback on air116% of PATAMI,1.5 sen interim dividend declared& 0.75 sen final dividend proposedNormalised PATAMI excludes post-tax impact unrealised forex gain/(loss) 4Q FY22: (RM 4mn), 3Q FY22: RM 10mn due to mark-to-marketrevaluation of transponder-related lease liabilities3
4Q FY22: Economic reopening spurs business activitiesContentBusiness highlightsNew launches Introduced Plug & Play variant Launched simple, new TVpacks bundled with apps infor Ulti BoxNovember 2021. Response Broadband customers up 58%has been good, and ahead Reality show Gegar Vaganza driven by value bundlesof expectations in terms ofS8 continues to reign as No.1 Enterprise customers up 3%current subscribersentertainment show inQoQ as economy started tomigrating to the new packsMalaysiareopen, albeit with manyand recontracting Showcased the biggest sports COVID-19 restrictions Netflix now integrated ontoevents including the exclusive remaining in place for F&Bboth the Ultra and Ultiairing for BWF 2021, F1 andOutlets and HotelsBoxes, more services toPremier League FY22 NJOI prepaid revenue upfollow Announced regional17% underpinned by HD Pack Astro Fibre, our owncollaboration with Visinemaand prepaid offeringsInternet Service justPictures, award-winninglaunched in March 2022Indonesian producer to cooffers content & broadbandproduce 4 blockbuster films inbundles at great valueIndonesia, with more to come Fresh, edgy Astro OriginalsDukun Diva and Love inLockdown on sookaAdexFinancial position Adex up 56% QoQ supported Free Cash Flow ofby economic reopening andRM692mnresumption of Astro’s Net Debt/EBITDAsignature showsratio at 1.5x Launched addressable Cash and cashadvertising on Video Onequivalent atDemand across Astro GO,RM727mnUltra and Ulti boxes. For rollout on linear TV across allAstro homes and livechannels on Astro GO in FY23 Astro Radio grew listenerbase by 3% on FM and digitalto 17.5mn weekly, cementingposition as unrivalled #1audio network in Malaysia4
4Q FY22 key performance highlightsYear-on-year financial highlights4Q FY21 4Q FY22NB:(1)RevenueEBITDARM 1.11bn RM 1.03bnRevenue impacted by ongoing pandemic which affected householdincomeRM 367mn RM 306mnEBITDA margin of 30%CommerceNormalised PATAMI (1)RM 110mn RM 67mnPerformance impacted due to subdued consumer sentiment andincreased offline shopping resulting from lockdown fatigueRM 155mn RM 131mnNormalised PATAMI margin of 13%AdexFCF of RM 147mnRM 130mn RM 146mnAdex up 12% YoY as restrictions eased116% of PATAMI,1.5 sen interim dividend declared& 0.75 sen final dividend proposedNormalised PATAMI excludes post-tax impact unrealised forex gain/(loss) 4Q FY22: (RM 4mn), 4Q FY21: RM 13mn due to mark-to-marketrevaluation of transponder-related lease liabilities5
FY22 overviewFY21Total TV households in Malaysia (’000) (1)TV household penetration (2)TV customer base (’000)Pay TV ARPU (RM)Astro TV viewership share (3)Radio listeners weekly (FM and digital) (mn) (4)Digital MUV (mn) (5)Connected STBs (’000) e (RM mn)Change7,80972%5,58897.272%17.514.01,088FY222%(2 p.p.)(2%)0.3%(1 ce (RM mn)461381(17%)Adex (RM 3%)(3 p.p.)(11%)(46%)(15%)EBITDA (RM mn)EBITDA marginNormalised PATAMI (RM mn) (7)FCF (RM mn)EPS (RM sen)NB(1)(7)(8)TV household data sourced from the Department of StatisticsMalaysia and Media Partners AsiaHousehold penetration comprises residential Pay-TV customersand NJOI customersViewership share is based on DTAM deployed by Kantar MediaDTAMWeekly audience measurement is based on GfK for FM andRadioActive for digitalDigital monthly unique visitors (“MUV”) to Astro’s digitalbrands, averaged over the last 12 months as sourced fromcomScoreConnected set-top boxes (STBs) are internet-ready withrecording functionality and have access to Astro’s On Demandlibrary of contentNormalised PATAMI excludes post-tax impact of unrealisedforex gain/(loss) FY22: (RM 13mn), FY21: RM 6mn due to markto-market revaluation of transponder-related lease liabilitiesNumbers may not add up due to rounding differences6
On Demand and Astro GO key in engaging customersTV Viewership Share (1)Avg. Time Spent/Day (hrs)Avg. Daily Viewers (mn)11%9%28%TV12.57.31p.pTV FY21Total Connected STBs (2)(3)(’000)3:074%12%6.4FY22On Demand Shows Streamed (mn)2:11FY212:06FY22Avg. Weekly Viewing (mins)17%2.4x7%1,0206931,088530592FY22FY21222On Demand 11.372%3:29NB:(1) Target Audience: KantarMedia, Dynamic TVAudience Measurement(DTAM). All Astro Pay-TVviewers YTD(2) Cumulative since inception(3) Connected set-top boxes(STBs) are internet-readywith recording functionalityand have access to Astro’sOn Demand library ofcontent(4) Pay-TV customers who havelinked their account to AstroGO for seamless viewing(5) Source: App Annie as of 31Jan at device levelFY21FY22Linked Customers (4) (’000)FY21Monthly Active Users (5) (’000)5%1,025976FY22Avg. Weekly Viewing FY21FY22FY21FY227
70% of customers’ time spent on vernacular, up 6 p.p.72% AstroTV Viewership(1)share28% FTA70% Vernacular (up 6p.p.)30% Others(3)153(2)channels131HD -brandedchannels138k1Ultra HD channel 90,000 OD shows 4K Ultra HD VOD 2 Astro GO access Streaming e channelsTV viewershipOn Demand streams on STB1.8mnNB(1)(2)(3)586k353k79k474k522kTarget Audience: Kantar Media, Dynamic TV Audience Measurement (DTAM). All Astro Pay-TV viewersNumber of channels as of 31 January 2022Others include Sports, English and International content297k49k15kStreams on Astro GO 60prepaid channels& packs8
Revenue and ARPU resilient amid protracted lockdowns(RM mn)Total 1,031949467146GoShop (-17%)90Adex ( 5%)80Subscriptions/(1)Others (-4%)70800600100FY22 growthARPU ( 0.3%)60508688668698698378568348184004030202001Q FY21 2Q FY21 3Q FY21 4Q FY21 1Q FY22 2Q FY22 3Q FY22 4Q FY22NB(1)(2)Disclosed as Subscription revenue and Other revenue in our financial statements, includes revenue streams such as TV subscription, licensing income,programme sales, NJOI revenue and theatrical revenueNumbers may not add up due to rounding differences9
Adex: Up 56% QoQ as recovery resumesAdvertising revenue(1)(RM 2GrowthTotal Malaysiagross ADEXgrowth (2)(5) 5%1610910399911302494105230Share of digital adexOVERALL ADEX 14%DIGITAL 15% 14% 4%RADIO 8%3%3%14.014.0FY21FY22FY21FY22Share of radex4948756077%17.017.5FY21FY22FY21FY22785954 4%TV 28%Radio listeners weekly(FM and digital) (mn)76%Share of TV adex69Digital MUV (mn)TV77%viewership share(3)(4)41%35%73%72%FY21FY22FY21FY221Q FY21 2Q FY21 3QFY21 4QFY21 1Q FY22 2Q FY22 3Q FY22 4Q FY22NB(1)(2)(3)(4)(5)Advertising income is net of commissions and discountsMalaysia gross adex figures (covering TV, print, radio, cinema, in store media, outdoor and digital) are based on Nielsen gross adex and IPG’s estimatesShare of radex is based on Astro and IPG’s estimates (with Nielsen gross adex as base). Weekly audience measurement is based on GfK for FM and RadioActive for digitalShare of TV adex is based on Astro and IPG’s estimates (with Nielsen gross adex as base). Viewership share is based on DTAM deployed by KantarNumbers may not add up due to rounding differences10
Focused on operational efficiencies(RM mn)Total cost50%EBITDA t cost/TV revenue1,50034%30%32%32%30%39%36%31%10%Higher sports cost as guided in2QFY22 & 3QFY22 with airing ofEURO and Tokyo OlympicsOther 1533553556-10%-20%500554Content costs-40%3092802993022743563192851Q FY212Q FY213Q FY214Q FY211Q FY222Q FY223Q FY224Q FY22-NB(1)(2)(3)-30%-50%Content costs are disclosed as part of cost of sales in our financial statementsOther expenses include marketing and distribution costs, administrative expenses, STB installation and smartcard costs, depreciation andamortisation, as well as maintenance costsNumbers may not add up due to rounding differences11
Accelerating investments into streaming and digitalCash capexas % ofrevenueSet-top box (STB) capex2%7%as % ofrevenue3%278155109140FY214%FY22Key capex investments in FY22 include: Technology infrastructure across OTT & digital, TV and VOD Customer experience Product and service upgradingFY21FY22 STBs/ODUs are owned by Astro, and are capitalised STBs/ODUs are conservatively amortised over 3 years; note thatactual useful life is typically greater than 5 years Discretionary 36-month bullet payment vendor financing isavailable for Astro for STB/ODU purchases As at end of Q4FY22, vendor financing stood at RM347mn, ofwhich RM157mn is current and RM190mn is non-currentNB(1)Numbers may not add up due to rounding differences12
Strong cash generation capabilitiesFree cash flow(RM mn)as % of PATAMI239%150%13( 395 )1,670Drop mainly due toworking capital changesand capex investments( 221 )( 593 )1,6831,2881,5061,285692Cash fromWorkingoperating capital changesactivitiesbefore workingcapital changesCash fromoperatingactivitiesCash used in Free cash flow (2)investing(1)Cash fromWorkingoperating capital changesactivitiesbefore workingcapital changesFY21Cash fromoperatingactivities(2)Cash used in Free cash flowinvesting (1)FY22 enabling significant flexibility on capital management and dividend policyNB(1)(2)(3)Excludes investments, disposals and maturities of unit trust and money market fundsExcludes repayments of vendor financing and payments of finance leases, which are categorised as cash from financing for consistency withBursa disclosureNumbers may not add up due to rounding differences13
Quarterly dividend announcement Leveraging on invested capital, AMH continues to be highly cash generative The Board of Directors of AMH has declared a quarterly dividend of 1.5 sen per share for 4Q FY22 andproposed a final dividend of 0.75 sen per share, subject to shareholders’ approval at the upcoming AGM inJune 2022 Quarterly dividend entitlement and payment dates are 15 April 2022 and 29 April 2022 respectively14
Malaysia’s No.1 Entertainment onStandalone:ULTI PLUG & PLAYULTRA PLUG & PLAY Malaysia’s leadingcontent creator &aggregator Produced andcommissioned over11k hours of localcontent in FY22 Rich On Demandlibrary featuring over90,000 titles Largest Pay-TV operatorin SEA Serving 5.6mnhouseholds 72% householdpenetration 8k enterprise customers 35% TV adex share 1.1mn connected STBs Largest aggregator ofthe best global andlocal streamingservices, for eventualintegration onto STBs Privileged rates forstreaming services forAstro customers, alsobundled into TV packs Launched sooka, ourown standalonestreaming servicecatering to millennials 14.0mn digital MUV SYOK app aggregateslive radio, podcast,across over 25 digitalvideos with 60 newbrandsonline radio stations Gempak is the No.1 #1 radio brand inMalaysian digitalevery languageentertainment brandEnglish, Malay, AWANI is the No.1Chinese, Tamilnews brand on social 17.5mn radio listenersmediaweekly (FM and 3% digital adex sharedigital) 77% radex share Multilanguageshopping experience Five dedicated 24/7channels in Malayand Mandarin Multiplatform: TV,web and mobile 3.2mn registeredcustomers15
FY23 Strategic ce more premium Astro OriginalsDrive premium viewing experienceExpand prepaid content choice and ease path to purchaseGrow broadband bundle take-up as an ISPIntegrate more streaming apps onto our Ultra and Ulti boxesStreamingRadioDigital brandsCommerceAggregate more streaming apps and grow sookaReinvent audio for the digital futureLeverage digital traffic to grow digital adexLeverage growing customer base to drive home shopping businessAdexEnterpriseStrengthen adex proposition with addressable advertisingSupport businesses with flexible content and connectivity solutions16
FY22 Highlights1Content Slides #25 to #27 2Pay-TV Slide #18 to #19 3Premiered slate of new, contemporary Astro Originals including Projek: AnchorSPM, i-Tanggang, Dukun Diva, in addition to rating winners Gegar Vaganza,Maharaja Lawak Mega, Rindu Awak Separuh NyawaNo.1 destination during Raya, EURO and OlympicsCelebrated Merdeka and Astro25 with special offeringsLaunched the new Astro experience and made available Netflix on the Ultra and UltiBoxes, more services to followLaunched new TV packs for greater value and convenience with streaming servicesand broadband bundled inIntroduced Plug & Play Ultra and Ulti Box variantsIntroduced 4K HDR and Dolby Atmos viewing experienceIntroduced continuous viewing feature on Ultra and Ulti Box8Prepaid revenue increased by 17%Over 60 prepaid a-la-carte channels and packs for purchaseIntroduced NJOI HD Pack offering 10 HD channels at RM15 for 30 daysLaunched My NJOI app and 2021 Sports Pass for EURO and OlympicsAdex Slides #28 Launched addressable advertising on Video On Demand across Astro GO, Ultra andUlti boxes. For roll out on linear TV across all Astro homes and live channels on AstroGO in FY23Streaming services Slides #23 to #24 Launched sooka, our own standalone streaming service Added Netflix, Disney Hotstar and TVB Anywhere to our streaming family Launched Interactive mode on Astro GO for an immersive sporting experienceRadio Slide #30 Launched 60 new online radio stations on SYOKNo.1 radio brand across all major languages in Malaysia17.5mn weekly listeners across FM and digital, up 3%Reinventing radio - including podcasts and customised audio contentdelivered through digitalDigital brands Slide #29 Monthly MUVs of 14.0mn across all digital brands AWANI is No.1 news brand on social media Gempak, Xuan, Ulagam are Malaysia’s Top digital brands9Commerce Slide #3110Enterprise Slide #32NJOI Slide #22 57Broadband Slide #20 to #21 Inked deals with Telekom Malaysia Berhad (TM), laying foundation for Astro Fibre’s(ISP) recent launch in March 2022 Broadband customers increased by 58%, with new TV packs offering greaterbundled value Speeds of up to 1Gbps, with greater value and convenience in partnership withMaxis and Allo Technology46 Customer grew 12%, performance impacted due to soft consumer sentiment and onlineshopping fatigue Expanded product offering to meet rising demand for health and wellness during thepandemic Special festive shows to engage customers Enterprise customers returned as economy reopened, customers up 3% QoQFlexible content and connectivity solutions for businessesEquipping enterprise premises with key Astro branding to value-add and increase footfallSpecial adex packages for SME and microbusinesses17
Serving Malaysians via 3 distinct servicesFor those who wantthe best entertainmentFor those who preferprepaid contentFor pure streamersand cord-neversPay-TVFreemium TVFreemium StreamingTV Packs bundled with:with: The best global and localstreaming services Broadband 18 free TV channels HD option at RM15 for 30 days Over 60 channels and packs forpurchasewith: Free content tier with ads Premium live sports and Astro’swinning local content from RM15.90per month, renewable monthly18
Pay-TV: The all-new Astro experienceFeaturingPlug & PlayConnect and stream Astro via homebroadband without a satellite dishContinuous ViewingContinue to enjoy Astro withoutinterruption during heavy rainfallComingsoonComingsoonCloud RecordingRecord all your favourite shows with200 free hoursComingsoonDiscover VODStream over 90,000 Videos On DemandOverUlti Box550,000HDULTI PLUG & PLAYUltra Box4K UHDULTRA PLUG & PLAYinstalls to datePlay From StartRestart the show if you’ve missed thebeginningNew Home ScreenNavigate your world of Astro with easeSearchFind what you are looking for fasterand easier19
Broadband: Introducing Astro Fibre, our Internet ServiceSpeeds of50 Mbps to 800 MbpsAvailable through: Bundling with content Standalone broadbandComing soon20
Broadband: Bundling drives customer growth, up 58%Speeds of up to 1 GbpsIn partnership withFree* WiFi 6 modem and Mesh WiFi* Terms and conditions apply21
NJOI: Prepaid revenue up 17%, driven by prepaid packs18overfree TVchannels60prepaidchannels & packs26free radiochannels22
Streaming: sooka, our standalone service for millennialssooka Originals, more live sporting events& premium local contentserving digital natives13,000 3.2mn412mnHours of contentand growingMinutes watchedto dateUsersto date23
Streaming: Malaysia’s #1 Aggregator of Streaming Services& many more24
Content: Serving more Astro Originals in FY23Fan-favourite Live SignaturesThe Best of Local Series25
Content: Big sporting year ahead26
Content: No.1 platform for local movie premieresNo.1 Local Movie Franchisein Malaysia 2021Highest Grossing Horror Franchisein Malaysia 2021More great shows lined upfor FY2327
Adex: More targeted with Addressable AdvertisingFirst in Southeast AsiaAvailable across:Ultra Box4K UHDULTRA PLUG & PLAYUlti BoxHDULTI PLUG & PLAY Launched addressable advertising in December 2021 for Video OnDemand on Astro GO, Ultra and Ulti boxes Leveraging data and technology, Addressable Advertising offersadvertisers greater digital-style targeting and accountabilitycapabilities Ability to serve different ads to different household audiencesthat are watching content on live TV, streaming and OTTplatforms simultaneously Offering advertisers access to high value audience spanninglinear TV and digital Plans underway to roll out the service on linear TV across allAstro homes by FY2328
Digital brands: Leverage high traffic to grow digidexNo.1digital entertainmentbrandNo.1Chinese digitalentertainment brandNo.1Indian digitalbrandMalaysia’s most popularaudio multilingualentertainment appNB(1)9.3mn MUV3.2mn MUV4.6mn MUV2.9mn MUV2.6mn MUV218k MUV367k MUVDigital monthly unique visitors (“MUV”) to Astro’s digital brands, average over12months (Feb – Jan 2022) based on Google AnalyticsNo.1recipes and cookingmedia brandNo.1Women lifestyle portalEmpowering youththrough inspiring content2.4mn MUV2.4mn MUV1.4mn MUV29
Radio: 60 new online radio stations on the new SYOK!No.1Radio brand across all languagesMALAY, CHINESE, TAMIL & ENGLISH17.5mnRadio listeners weeklyon FM and digital (1)NB(1)(2)77%Radex shareWeekly audience measurement is based on GfK for FM and RadioActive for digitalTotal listens averaged over 3 months (Nov – Jan 2022) based on Whooshkaa Analytics821k39% YoYPodcast listensmonthly (2)30
Commerce: Customers up 12% amid soft consumer marketHourly slots across Astro channels inmultiple languages and dialects24/7 dedicated Go Shop channels &Online shopping experienceRegistered Customers (1)(mn)3.2Revenue (2)(RM mn)4613812.8Available across all platforms:FY21NB(1)(2)Cumulative as of 31 JanuaryData presented for financial period ended 31 JanuaryFY22FY21FY2231
Enterprise: Customers up as economy starts to reopenFlexible content and broadband packagesDriving higher footfall to business premises via audience engagementServingBIZ8k3% QoQenterprise customers32
Key Social impact in FY22Education for all Reach over 5mn students annually through 3 Astro Tutor TV channels on Astro and NJOI, providing fresh educationalcontent, such as Pelan A SPM. RM126mn invested in learning content since inception in FY12 including RM7mn in FY22 Launched new learning series, SPM Pro , featuring a virtual teacher who helps students to revise core subjects Awarded RM40,000 to Universiti Malaya, Unimas and Universiti Malaysia Sabah students in support of sustainable projects Donated 35 refurbished laptops to B40 families under Malaysian Communications and Multimedia Commission’s#MyBaikHati initiativeVoice for good Aired over 11,600 hours of PSAs across TV, radio and digital as an agent for positivity to amplify community messages Advocating for participation of youth in the process of democracy with coverage and discussion on Undi18 on AWANIHelping communities and businesses Astro First partners local film producers to premiere first run films directly to homes Collaborate with FINAS on TV/OTT Programme Fund to aid local film companies in production, distribution & marketingof local films Support the needy through #KAMICARE community programmes, blood donation and COVID-19 vaccination drives Donated over RM200,000 to help flood victims, while Team Astro contributed over 8,000 kg of food items andparticipated in flood relief works organised by various NGOs Astro Radio worked with Lotus’s Stores, Watsons, Caring Pharmacy, Malaysian Red Crescent Society and Malaysia CivilDefence Force APM to donate food items and supplies as part of #KamiCareFloodRelief works Astro Radio supports microbusinesses by offering advertising slots through #KAMICAREMBIZ initiatives Go Shop spearheaded Kita Sayang Malaysia campaign during Merdeka Day period to promote local brands, enterprisesand entrepreneurs; and partner them to aid families in needCaring for our EnvironmentConstituent of FTSE4Good Bursa Malaysia Indexsince December 2013 Collected 265kgs of e-waste under e-waste recycling campaign in partnership with E-Waste Recycling Through Heroes (ERTH)NB:1) Copyright 2022 Sustainalytics. All rights reserved. https://www.sustainalytics.com/legal-disclaimers2) Astro Malaysia Holdings has been independently assessed by global index provider FTSE Russell according to the FTSE4Good criteria and has satisfied the requirements to become aconstituent of the FTSE4Good Index Series. For more information, please refer to FTSE4Good website at Good33
Appendix
PAT reconciliation(RM mn)FY21FY22EBITDAMargin 81)693591Tax expense(165)(130)Tax rate epreciation and amortisationEBITMargin %Finance incomeFinance costPBTMargin %Normalised PATAMI (2)Margin %NB(1)(2)(3)Depreciation and amortisation excludes theamortisation of film library and programme rightswhich is expensed as part of content costs (cost ofsales)Normalised PATAMI excludes post-tax impact ofunrealised forex gain/(loss) FY22: (RM 14mn), FY21:RM 6mn due to mark-to-market revaluation oftransponder-related lease liabilitiesNumbers may not add up due to roundingdifferences35
Balance sheet overview(RM mn)FY21FY22(RM mn)FY21FY22Non-current assets4,0443,807Non-current liabilities2,9962,094Property, plant and equipment and right–ofuse assets1,7251,563Borrowings2,6911,816Other non-current 2271111,1491,2045,7855,325Other financial liabilitiesOther non-current liabilitiesCurrent assetsReceivables and contract assetsCash and bank balances(1)Other current assetsCurrent les, contract & other financial liabilities5152Other current liabilitiesShareholders’ equity5,7855,325Net debt / LTM EBITDA: 1.5x (FY21: 1.3x)NB(1)(2)Includes investment in unit trustsNumbers may not add up due to rounding differences36
Debt profile Total borrowings:RM 2,710mn* 971RM term loan 6151,1244Q FY22SyntheticForeignCurrency Loan(SFCL) Lease Liabilities(primarily satellitetransponders)*Includes accrued interest of RM8.9mn As of 31 January 2022, total outstanding principal stood at RM965mn.RM380mn is a term loan facility with a 5-year tenor fully drawn down on 23 August 2018, at a fixed rateof 5.18% p.a. with quarterly interest payment. Repayment will be in 2 tranches i.e. RM50mn on 23February 2023 and RM330mn on 23 August 2023.RM300mn is a term loan with a 5-year tenor drawn down in 2 tranches of RM50mn on 28 March 2019and RM250mn on 28 June 2019. Floating rate facility (based on cost of funds) of 3.49% p.a. as of 31January 2022, with quarterly interest payment. Repayment will be in 5 equal semi-annual installments,commencing 36 months from the first drawdown i.e. 28 March 2022.RM285mn is from a RM300mn term loan facility with a 6-year tenor fully drawn down on 2 September2020. This has an amortized semi-annual repayment schedule with final maturity date on 2 September2026 (Average life: 4.45 years). RM195mn of the longer end maturities of the term loan are fixed at anall-in rate of 4.275% and meanwhile, the balance RM90mn remained at floating rate (based on cost offunds) of 3.27% p.a. as of 31 January 2022 with quarterly interest payment. The third principalrepayment of RM7.5mn was paid on 2 March 2022.The USD150mn SFCL facility of 4 years 11 months tenor amounted to RM612.7mn upon conversion atthe agreed exchange rate of USD/RM4.0850.Drawn in 2 tranches of RM306.4mn each on 29 December 2017 and 28 February 2018 respectively, at afixed rate of 4.80% p.a. with quarterly interest payment.Bullet repayment on 29 November 2022.Lease liabilities related to lease of Ku-band transponders on MEASAT-3, MEASAT-3A and MEASAT-3B.Payment arrangement for the remaining contractual years for M3 and M3A have been redenominatedinto Ringgit at USD/RM3.0445 w.e.f. 21 May 2013. The unhedged portion of the lease liabilities relatedto M3B is USD141.9mn.Effective interest rate: 6.2%, 4.6%, 12.5% and 5.6% p.a. for M3, M3-T11, M3A and M3B respectively,average life: 15 years.37
Thank you
This document contains certain forward-looking statements with respect to Astro Malaysia Holdings erhad's ("Astro")financial condition, results of operations and business, and management'sstrategy, plans and objectives for Astro. . Normalised PATAMI excludes post-tax impact unrealised forex gain/(loss) 4Q FY22: (RM 4mn), 4Q FY21: RM .
