PT Tower Bersama Infrastructure Tbk Announces Its Full Year 2013 Financial Performance
JAKARTA, 24 February 2014 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") today, released audited financial statements for the year ended 31 December 2013.
Financial Highlights and Operational Indicators
TBIG generated revenue and EBITDA of Rp2,690 billion and Rp2,205 billion, respectively, for the full year ending 31 December 2013. This represents a 57% increase in revenue and a 58% increase in EBITDA versus the comparable twelve month period of 2012. The Company’s EBITDA margins improved to 82% for the full year 2013 versus 81.5% for the full year 2012. Using the annualized 4th quarter 2013 results, total annualized revenue reached Rp2,941 billion, and annualized EBITDA reached Rp2,419 billion.
As of 31 December 2013, total debt, valuing USD loans at their hedged exchange rate, was Rp11,867 billion and gross senior debt was Rp7,964 billion while cash balances were Rp854 billion, resulting in net debt of Rp11,013 billion and net senior debt of Rp7,110 billion.
Using the 4th quarter 2013 annualized EBITDA, the net senior debt to EBITDA ratio is 2.94x, and net debt to EBITDA ratio is 4.55x. This means TBIG retains ample room for further financing based on the covenants under both the debt program and the USD and Rupiah bonds.
As of 31 December 2013, TBIG had 16,577 tenants and 10,134 telecommunication sites. The Company’s telecommunication sites comprised 8,866 telecommunication towers, 1,040 shelter-only sites, and 228 DAS networks. With total tower tenants amounting to 15,309, the Company’s tenancy ratio was 1.73.
“We are pleased to announce our strong financial and operational results for 2013. We organically added 2,985 telecommunication tenants to our existing portfolio, which includes 1,811 telecommunication towers. This demonstrates our unique capability to execute on large orders from our telecommunication customers.”, said Hardi Wijaya Liong, CEO of TBIG.
Hardi added, “We have successfully diversified our lending base with our debut USD and Rupiah bonds in 2013. We continue to have sufficient flexibility to fund our capital expenditure and debt servicing obligations.”
About PT Tower Bersama Infrastructure Tbk:
PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.
For more information contact:
Corporate Secretary:
Helmy Yusman Santoso – Tower Bersama Group
Phone: (62-21) 571 1946
Email: corporate.secretary@tower-bersama.com
Investor Relations:
Email: investor.relations@tower-bersama.com
