TBIG Announces Its Full Year 2011 Financial Performance
JAKARTA, 6 March 2012 - PT Tower Bersama Infrastructure Tbk. ("TBIG") today released audited financial statements for the year ended 31 December 2011.
For 2011, consolidated revenue for the full year was Rp 970 billion, which represents a 45% increase versus 2010. The Company’s consolidated full-year EBITDA in 2011 amounted to Rp 764 billion, an increase of 49% compared to 2010. Our consolidated EBITDA margins were also higher from 76.4% in 2010 to 78.8% in 2011. On a quarterly annualized basis, TBIG’s Q4 2011 annualized revenue and EBITDA were Rp 1,124 billion and Rp 889 billion, respectively.
The Company’s gross debt as of 31 December 2011 amounted to Rp 3,611 billion and cash was Rp 613 billion, resulting in a net debt to Q4 2011 annualized EBITDA ratio of 3.4x.
TBIG had 4,729 tenants as of 1 January 2011. By 31 December 2011, TBIG had 7,002 tenants, which represents an increase of 48% during the year.
“This year was very pleasing in terms of tenant and revenue growth as well as delivering further margin improvement. However, perhaps the most pleasing aspect of 2011 was that we achieved organic growth of over 1,100 towers (around 1,600 tenants), despite committing substantial human resources to the Indosat deal and the acquisition of MSI,” stated Hardi Wijaya Liong, TBIG’s CEO.
“This was our first full year since our IPO in 2010 and we are pleased to deliver to our investors tenant growth of around 2,300 tenants, compared to our initial estimates of 1,600 to 2,000 tenants made at the time of our IPO roadshow,” commented Hardi Wijaya. “I have challenged our people to beat this result in 2012 and so far we are very pleased with our order book and soft order pipeline,” he added.
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. As of 31 December 2011, TBIG owns and operates 4,868 telecommunication sites serving 7,002 tenants, and this amount continues to grow in line with the high demand from telecommunications operators. 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
Phone: (62-21) 571 1946
Email: corporate.secretary@tower-bersama.com
Investor Relations:
Email: investor.relations@tower-bersama.com
