Full Year 2024 Indosat Tbk PT Earnings Call Transcript
Key Points
- PT Indosat Tbk (PTITF) reported strong financial growth in 2024, with revenue, EBITDA, and net profit increasing by 9%, 10%, and 38% respectively.
- The company achieved USD462 million in recurring synergy, surpassing the pre-merger target of USD300-400 million.
- Significant investments of over USD2.2 billion were made to enhance network experience, adding more than 9,000 tower sites and expanding coverage to over 16,000 new villages.
- The AI platform has been successfully integrated into the core business, improving efficiency and expanding enterprise services.
- PT Indosat Tbk (PTITF) secured a USD30 million multiyear contract for GPU as a service, indicating strong market demand and positioning the company as a leader in AI infrastructure in Indonesia.
- Mobile revenue growth was slow at only 2% year-on-year in the fourth quarter, indicating a competitive landscape.
- EBITDA margin decreased sequentially due to higher costs in sales and marketing, particularly during the festive season.
- Subscriber numbers continued to decline despite expanded coverage, raising concerns about the effectiveness of investments.
- The competitive environment remains intense, with acquisition competitiveness increasing, particularly in Java.
- The company faces challenges from low-cost broadband offerings and illegal Wi-Fi, impacting traffic growth in certain regions.
Good day and thank you for standing by, and welcome to PT Indosat Tbk full year 2024 earnings conference call. (Operator Instructions)
Please be advised that today's conference is being recorded. I'd now like to hand the conference over to your first speaker today, Pak Indar Dhaliwal, VP, Investor Relations. Please go ahead, sir.
Thank you, Amber. Good afternoon, everyone, and thank you for joining us today. With us on the call today, we have Pak Vikram Sinha, our Chief Executive Officer; Pak Nicky Lee, our Chief Financial Officer; and Pak Ritesh Kumar, our Chief Commercial Officer.
I will now hand over the call to Pak Vikram for his opening remarks. Over to you, sir.
Thanks, Indar, and good afternoon, everyone. Let me start my presentation by sharing with you the highlight of our financial performance in 2024. Despite a challenging year in 2024, we managed to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
