2nd Quarter FY22 Results

21 September 2021

1
Disclaimer
This 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 and
services, 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 are
subject to risks, uncertainties and other factors, some of which are beyond Astro’s control, are difficult to predict and could cause actual
results to differ materially from those expressed or implied or forecast in the forward-looking statements. These factors include, but are not
limited to, the fact that Astro operates in a competitive environment that is subject to rapid change, the effects of laws and government
regulation upon Astro’s activities, its reliance on technology which is subject to risk of failure, change and development, the fact that Astro is
reliant on encryption and other technologies to restrict unauthorised access to its services, failure of key suppliers, risks inherent in the
implementation of large-scale capital expenditure projects, and the fact that Astro relies on intellectual property and proprietary rights which
may 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 no
obligation 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 been
independently verified. Without limiting any of the foregoing in this disclaimer, no representation or warranty, express or implied, is made as
to, 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 expenses
howsoever arising out of or in connection with this presentation.

2
2Q FY22 key performance highlights COVID-19
updates

Quarter-on-quarter financial highlights

1Q FY22 | 2Q FY22
Revenue EBITDA
RM 1.06bn | RM 1.06bn RM 374mn | RM 310mn
Revenue stable amid ongoing lockdowns EBITDA margin of 29%, impacted by sports cost as guided

Commerce Normalised PATAMI (1)

RM 115mn | RM 105mn RM 147mn | RM 101mn
Performance impacted amid weakened consumer sentiments Normalised PATAMI margin of 10%

Adex FCF of RM 123mn

RM 109mn | RM 99mn 141% of PATAMI,
Adex moderated 9% QoQ, limited by ongoing lockdowns 1.5 sen interim dividend declared

NB:
(1) Normalised PATAMI excludes post-tax impact unrealised forex gain/(loss) 2Q FY22: (RM 14mn), 1Q FY21: (RM 6mn) due to mark-to-market 3
revaluation of transponder-related lease liabilities
2Q FY22: Resilient amid weak consumer sentiments COVID-19
updates

Content Business activity Adex Commerce Financial position

• Premiered fresh, edgy • NJOI prepaid revenue up • Advertising revenue grew • Commerce customers grew • Free Cash Flow of
Astro Originals including 51% in 1HFY22 underpinned 23% in 1HFY22, 19% YoY, but performance RM338mn in 1HFY22
Ratu Ten Pin and by HD Pack and expanded outperforming industry impacted by weakened
prepaid offerings • Net Debt/EBITDA ratio at
Scammer growth of 11% consumer sentiment
1.4x
• EURO 2020 and Tokyo • Enterprise customers • Revenue moderated 9% • Reimposition of full
Olympics live in 4K HDR, impacted by closures, QoQ amid pause in live lockdown impacted supply • Cash and cash equivalent
so jump in sports cost reduced footfalls and low shows and content shoots chain and delivery to very at RM803mn
seen as guided occupancy rates as well as full lockdown high-risk Covid localities
• Most shoots and live • New installations & service • Flexible adex packages to • Increasing reach via digital
shows halted amid activities at customers’ help SMEs and and social platforms >50%
imposition of full premises continued during microbusinesses sales through digital
lockdown since June, just full lockdown except for
resumed in Sept 2021 quarantine area

4
2Q FY22 key performance highlights

Year-on-year financial highlights

2Q FY21 | 2Q FY22
Revenue EBITDA
RM 1.09bn | RM 1.06bn RM 372mn | RM 310mn
Revenue impacted by ongoing lockdowns EBITDA margin of 29%, impacted by sports cost as guided

Commerce Normalised PATAMI (1)

RM 145mn | RM 105mn RM 121mn | RM 101mn
Performance impacted amid weakened consumer sentiments Normalised PATAMI margin of 10%

Adex FCF of RM 123mn

RM 80mn | RM 99mn 141% of PATAMI,
Adex up 24% YoY, limited by ongoing lockdowns 1.5 sen interim dividend declared

NB:
(1) Normalised PATAMI excludes post-tax impact unrealised forex gain/(loss) 2Q FY22: (RM 14mn), 2Q FY21: (RM 13mn) due to mark-to-market 5
revaluation of transponder-related lease liabilities
1HFY22 year to date overview
1H FY21 1H FY22 Change NB
(1) TV household data sourced from the Department of Statistics
Total TV households in Malaysia (’000) (1) 7,620 7,744 2% Malaysia and Media Partners Asia
TV household penetration (2) 75% 73% (2 pp) (2) Household penetration comprises residential Pay-TV customers
and NJOI customers
TV customer base (’000) 5,707 5,667 (0.7%) (3) Viewership share is based on DTAM deployed by Kantar Media
Pay TV ARPU (RM) 98.0 97.4 (0.6%) DTAM
(4) Weekly audience measurement is based on GfK for FM and
Astro TV viewership share (3) 71% 72% 1 pp RadioActive for digital
Radio listeners weekly (FM and digital) (mn) (4) 17.9 16.8 (6%) (5) Digital monthly unique visitors (“MUV”) to Astro’s digital
Digital MUV (mn) (5) 12.7 14.3 13% brands, averaged over the last 12 months as sourced from
comScore
Connected STBs (’000) (6) 994 1,065 7% (6) Connected set-top boxes (STBs) are internet-ready with
recording functionality and have access to Astro’s On Demand
1H FY21 1H FY22 Change library of content
(7) Normalised PATAMI excludes post-tax impact of unrealised
Revenue (RM mn) 2,144 2,122 (1%) forex gain/(loss) YTD FY22: (RM 20mn), YTD FY21: (RM 19mn)
Commerce (RM mn) 240 221 (8%) due to mark-to-market revaluation of transponder-related
lease liabilities
Adex (RM mn) 170 209 22% (8) Numbers may not add up due to rounding differences
EBITDA (RM mn) 702 684 (3%)
EBITDA margin 33% 32% (1 pp)
Normalised PATAMI (RM mn) (7) 227 248 9%
FCF (RM mn) 687 338 (51%)
EPS (RM sen) 4.0 4.4 10%

6
On Demand and Astro GO key in engaging customers
TV Viewership Share (1) Avg. Daily Viewers (mn) Avg. Time Spent/Day (hrs)
16%
NB:
3:58 (1) Target Audience: Kantar
6%
28% 3:19 6% Media, Dynamic TV
12.6 8% Audience Measurement
11.9
72% (DTAM). All Astro Pay-TV
TV 1 p.p. 7.6 7.0 2:25 2:16 viewers YTD
(2) Cumulative since inception
(3) Connected set-top boxes
TV 1H FY21 1H FY22 (STBs) are internet-ready
1H FY21 1H FY22
with recording functionality

+
and have access to Astro’s
Total Connected STBs (2)(3) On Demand Shows Streamed (mn) Avg. Weekly Viewing (mins) On Demand library of
(’000) content
26%
205% (4) Pay-TV customers who have
7% 706 linked their account to Astro
1,065 561 GO for seamless viewing
994 233 (5) Source: App Annie as at 31
July at device level
77
On Demand
YTD FY21 YTD FY22 YTD FY21 YTD FY22 1H FY21 1H FY22

+ Linked Customers (4) (’000) Monthly Active Users (5) (’000) Avg. Weekly Viewing (mins)
9% 17% 25%

1,025 1,588 230

942 1,352 184

Streaming
Service
YTD FY21 YTD FY22 YTD FY21 YTD FY22 1H FY21 1H FY22
7
Astro’s vernacular content underpins TV viewership
72% Astro 28% FTA
TV Viewership(1)
share
68% Vernacular 32% Others(3)
154 (2)

channels

132
HD channels

#1 Local Drama in Malaysia 2021 56

2.5mn 1.7mn 164k 1.1mn 79k 58k 442k 151k 589k Astro-branded
channels
1
Ultra HD channel
+ 65,000 OD shows
+ 4K Ultra HD VOD
+ 4 Astro GO access
(4) (4)
1.7mn 11k 13k 985k 200k 164k 533k 72k 551k

Up to 30
free channels
TV viewership

On Demand streams on STB >100

1.2mn 597k 514k 920k 245k 117k 115k 98k 113k Streams on Astro GO prepaid channels
NB & packs
(1) Target Audience: Kantar Media, Dynamic TV Audience Measurement (DTAM). All Astro Pay-TV viewers
(2) Number of channels as of 31 July 2021
(3) Others include Sports, English and International content 8
(4) Reflects only one episode of All Together Now Malaysia and the Astro 25th Anniversary All Together Now Special episode
Revenue and ARPU resilient amid ongoing lockdowns
Total revenue (RM mn)

2,000 120

1,800 110 YTD growth(2)

99.10 98.00 97.60 97.20 97.40 GoShop (-8%)
96.90
1,600
100

90 Adex (+22%)
1,400
80 Subscriptions/
1,200 1,091 1,107 1,109 Others (-2%)
(1)
1,053 1,061 1,060 70
145 111 110 ARPU (-0.6%)
1,000 95 115 105
90 80 127 130 99 60
109
800
50
600
868 866 869 869 856 40
837
400 30

200 20
1Q FY21 2Q FY21 3Q FY21 4Q FY21 1Q FY22 2Q FY22

NB
(1) 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 revenue
(2) YTD refers to 6 months ended 31 July 9
(3) Numbers may not add up due to rounding differences
Adex: recovery seen YoY, limited by ongoing lockdowns
(1)
Advertising revenue (RM mn) YTD Growth Share of digital adex Digital MUV (mn)
TV Radio Digital Total
Total Malaysia
gross ADEX
growth (2)(5) 2% 3% 12.7 14.3

OVERALL ADEX 1H FY21 1H FY22 1H FY21 1H FY22

+22%
+11% Radio listeners weekly
(3)
Share of radex
(FM and digital) (mn)

DIGITAL
127 130
13 +31% +11%
12 109 81% 77% 17.9 16.8
10 99
90 42 11
80 46
8
39 +21%
RADIO
8 30 1H FY21 1H FY22 1H FY21 1H FY22
33 +28%
24 (4)
Share of TV adex TV viewership share
69 75
60 59 +23% TV 77%
49 48
+37%
38% 36% 71% 72%
1Q FY21 2Q FY21 3QFY21 4QFY21 1Q FY22 2Q FY22
1H FY21 1H FY22 1H FY21 1H FY22
NB
(1) Advertising income is net of commissions and discounts
(2) Malaysia gross adex figures (covering TV, print, radio, cinema, in store media, outdoor and digital) are based on Nielsen gross adex and IPG’s estimates
(3) Share 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 digital
(4)
(5)
Share 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 Kantar
Numbers may not add up due to rounding differences
10
Focused on operational efficiencies
Total cost (RM mn)

50%

34% 36% 35% 40%

31% 33%
EBITDA margin 2,000 29%
30%
Higher sports
cost as guided
20%
in 2QFY22 with
Content cost/TV revenue 34% 30% 32% 32% 30% 39%
1,500 airing of EURO
10%
and Tokyo
Olympics
0%

1,000 868 875 870 889 828 889 -10%

Other expenses
-20%
559 595 571 587 533
500 554 -30%

Content costs
-40%
309 280 299 302 274 356
- -50%
1Q FY21 2Q FY21 3Q FY21 4Q FY21 1Q FY22 2Q FY22

NB
(1) Content costs are disclosed as part of cost of sales in our financial statements
(2) Other expenses include marketing and distribution costs, administrative expenses, STB installation and smartcard costs, depreciation and
amortisation, as well as maintenance costs 11
(3) Numbers may not add up due to rounding differences
Disciplined capex spend
Cash capex (RM mn) Set-top box (STB) capex (RM mn)

as % of as % of
revenue 3% 4% revenue 2% 3%

80 62
52
54

1H FY21 1H FY22 1H FY21 1H FY22

Key capex investments in FY22 include:
▪ Technology infrastructure across OTT & digital, TV and VOD
▪ Customer experience
▪ Product and service upgrading
Cash capex set to accelerate for the remainder of FY22 as
investments are made in support of ongoing Technology refresh
▪ STBs/ODUs are owned by Astro, and are capitalised
▪ STBs/ODUs are conservatively amortised over 3 years; note that
actual useful life is typically greater than 5 years
▪ Discretionary 36-month bullet payment vendor financing is
available for Astro for STB/ODU purchases
▪ As at end of Q2FY22, vendor financing stood at RM345mn, of
which RM125mn is current and RM220mn is non-current

NB 12
(1) Numbers may not add up due to rounding differences
Strong cash generation capabilities
Free cash flow (RM mn)
as % of PATAMI 332% 148%

Drop due working

capital changes and
(160) payments to suppliers

858 698 (207)

545
338

(2)
Cash from Cash used in Free cash flow Cash from Cash used in Free cash flow (2)
(1) (1)
operations investing operations investing
1H FY21 1H FY22

…enabling significant flexibility on capital management and dividend policy

NB
(1) Excludes investments, disposals and maturities of unit trust and money market funds
(2) Excludes repayments of vendor financing and payments of finance leases, which are categorised as cash from financing for consistency with
Bursa disclosure 13
(3) Numbers may not add up due to rounding differences
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 2Q FY22

▪ Quarterly dividend entitlement and payment dates 6 October 2021 and 20 October 2021 respectively

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Malaysia’s #1 Entertainment Destination
Aggregated:

Standalone:

• Leading content • Largest Pay-TV operator • Largest aggregator of • 14.3mn digital MUV • SYOK app aggregates • 24/7 multilanguage
creator, producer & in SEA the best global and across over 25 digital live radio, podcast, shopping experience
aggregator across all • Serving 5.7mn local streaming services brands videos • Five 24/7 dedicated
platforms households • Privileged rates for • Gempak is the #1 • #1 radio brand in channels in Malay
• Produced and • 73% household streaming services for Malaysian digital every language- and Mandarin
commissioned over 9k penetration Astro customers entertainment brand English, Malay, • Multiplatform: TV,
hours of local content • 6.4k enterprise customers • Launched sooka, our • AWANI is the Most Chinese, Tamil web and mobile
in FY21 • 36% TV adex share own standalone followed news brand • 16.8mn radio listeners • 3.0mn registered
• Rich On Demand library • 1.1mn connected STBs streaming service on social media weekly (FM and customers
of over 65,000 titles catering to millennials • 3% digital adex share digital)
• 77% radex share

15
FY22 Strategic priorities
Pay-TV Provide customers the best viewing experience at home
NJOI Increase content choice and ease path to purchase
Broadband Grow broadband bundle take-up
Streaming Add more OTT players to our growing family
Content Produce more premium Astro Originals

Streaming Launch our own standalone, snacking, streaming product for millennials
Radio Reinvent radio for the digital future
Digital brands Serve growing appetite for vernacular digital content
Commerce Drive home shopping business

Adex Refresh adex proposition with better targeting capabilities

Enterprise Support businesses, adding value through our content solutions

16
YTD FY22 Brief
1 Content Slides #21 to #25
✓ Astro First home cinema revenue jumped 31% YTD
✓ No.1 destination during Raya, EURO and Olympics
✓ Celebrating Merdeka and Astro25 with special offerings
✓ Adding more new content- local and international- for customers
2 Pay-TV Slide #26
✓ Introduced Plug & Play Ultra Box
✓ Introduced 4K HDR and Dolby Atmos viewing experience
✓ Introduced continuous viewing on Ultra Box
3 Broadband Slide #27
✓ Broadband customers increased by 89% YoY
✓ Currently offering speeds of up to 1Gbps, with greater value and
convenience
4 NJOI Slide #28
✓ Prepaid revenue increased by 51% YTD
✓ New a-la-carte channels and packs for purchase, now >100 prepaid
channels and packs available
✓ Introduced NJOI HD Pack offering 10 HD channels
✓ Launched My NJOI app and 2021 Sports Pass for EURO and Olympics
5 Streaming services Slides #18 to #20
✓ Announced Netflix partnership
✓ Launched sooka, our own standalone streaming service
✓ Added TVB Anywhere+ and Disney+Hotstar to our growing family
✓ Launched Interactive mode on Astro GO
6 Radio Slide #29
✓ No.1 radio brand across all major languages in Malaysia
✓ 16.8mn weekly listeners across FM and digital
✓ Reinventing radio - including podcasts and customised audio
content delivered through digital
7 Digital brands Slide #30
✓ Monthly MUVs of 14.3mn across all digital brands
✓ AWANI is No.1 news brand on social media
✓ Gempak, Xuan, Ulagam are Malaysia’s Top digital brands
8 Commerce Slide #31
✓ Customer grew 19% YoY, performance impacted by weakened consumer
sentiments
✓ Expanded product offering to meet rising demand for health and
wellness during the pandemic
✓ Special festive shows to engage customers and drive sales momentum
9 Enterprise Slide #32
✓ Flexible content solutions for businesses
✓ Special adex packages for SME and microbusinesses
17
Streaming: Soon, Netflix will be on Ultra and Ulti Boxes

18
Streaming: Welcoming TVBAnywhere+ onboard
Stream 120 live TV channels and
access to over 65,000 On Demand
titles across all genres

Stream over 4,700 hours of HBO

originals, Hollywood blockbusters,
documentaries, comedies, kids &
more

Stream over 800 films and 18,000

episodes of hits from Disney, Star
Wars, Pixar, Marvel, National
Geographic and Malaysian Hits

40,000 hours Complimentary Two Stream the latest Chinese, Korean,

of the biggest Cantonese Premium access for concurrent viewings for Hong Kong and Malay dramas,
dramas and variety shows Dynasty Pack customers Dynasty Pack customers movies and variety shows.

19
Streaming: sooka, our standalone service for millennials

6,100
Hours of content and
growing
#1
Entertainment App on
Google Play
(within 2 weeks from launch)
525k
Users
to date • Freemium streaming service targeted at
millennials, launched in June 2021
• Featuring premium live sports, the best
local entertainment and sooka exclusives

127mn • Stream for free with ads or sign up for ad-

free VIP plans from RM15.90 per month,
renewable monthly
Minutes watched to
• Single-match pass now available at RM7.90
date per match

20
Content: Astro First continues winning streak, up 31% YTD

• #1 Local Film in Malaysia 2021

RM 3.0mn RM 5.1mn RM 2.7mn

revenue to date revenue to date revenue to date

31%
Acclaimed Malaysian 1st film produced under
director Chiu Keng Guan’s grant collaboration with
film debut at FINAS for Astro First
China Box Office
increase in revenue YTD

21
Content: No.1 destination during Raya, EURO & Olympics

10.7mn 8.9mn
Total viewers Total viewers

Highest TV Over 155mn

viewership for minutes watched
Sports in FY22 on Astro GO

80% 6.8mn Catch all

Malay audience share On Demand shows
(first 3 days of Raya) streamed, up 5x YoY 380 matches Access instant highlights, match statistics,
player statistics, fixtures of upcoming
Live exclusively on Astro matches, and more

22
Content: Celebrating Merdeka and being young

150
Complimentary titles comprising
7.5mn
Total viewers reached
Pop up channel (CH100) the best Malaysian and Asian
Free for all Astro customers movies for Astro Customers

23
Content: Our own content just gets better and better

24
Content: Adding on more new international content

25
Pay-TV: Experience the new Astro
Plug & Play Ultra Box variant
Connect and stream Astro via home broadband without
a satellite dish at home
Continuous Viewing on Ultra Box
Continue to watch shows without interruption during
heavy rainfall
Cloud Recording
Record all the programmes you want at the same
time
Discover VOD
Stream over 65,000 of videos anytime, anywhere

Play From Start

Missed the beginning? Just restart whenever you want

New Home Screen

Ulti Box
400,000 Explore all programmes based on your subscription

Installs to date Search

Ultra Box Find what you are looking for faster and easier

26
Broadband: Bundle deals drive customer growth +89% YoY

Now with WiFi 6 Router

Speeds of up to 1Gbps

In partnership with

27
NJOI: Prepaid revenue up 51% YTD
Richer viewing experience with HD Pack

HD SD

Wide selection of latest prepaid content

SD

Up to More than

30 free TV
channels 100 prepaid
channels & packs 27 free radio
channels

28
Radio: Reinventing the radio experience for listeners

Latest exclusive podcasts include weekly series hosted by Tony

Fernandez, Jelisa Shanjana and Dato' Dr. Nazri Khan

752k
Podcast listens
16.8mn
Radio listeners weekly on
77%
Radex share
monthly FM and digital

NB
(1) Weekly audience measurement is based on GfK for FM and RadioActive for digital 29
(2) Total listens averaged over 3 months (May – Jul 2021) based on Whooshkaa Analytics
Digital brands: Serving 14.3mn monthly visitors…

No.1 No.1 No.1 Malaysia’s first Fastest growing

digital entertainment Chinese digital Indian digital integrated Chinese news
brand entertainment brand brand radio app portal

6.7mn 3.2mn 2.1mn 190k 426k 353k

MUV MUV MUV MUV MUV MUV

… to meet growing demand for vernacular digital content

NB
(1) Digital monthly unique visitors (“MUV”) to Astro’s digital brands, averaged over 30
6 months (Feb – Jul 2021) based on Google Analytics
Commerce: Customer growth amid weakened sentiments
Stay Home, Stay Safe

No.1 Home Shopping brand in Malaysia Registered Customers (1) Revenue (2)
(mn) (RM mn)
• Five 24/7 dedicated Go Shop • Hourly slots across Astro
+19% -8%
channels in Malay and channels in multiple languages
Mandarin and dialects
3.0 240
• Harness social media to reach • Brand trust, quality products 221
2.6
younger customers and value bundles continue to
attract customers

Available across all

platforms:
YTD FY21 YTD FY22 YTD FY21 YTD FY22
NB
(1) Cumulative as of 31 January 31
(2) Data presented for financial period ended 31 July
Enterprise: Flexible solutions to help businesses recover

Flexi Packs designed to give
commercial businesses a
competitive edge with a
wide choice of content
Hospitality Packs provides
entertainment solution designed
for hospitality-focused businesses
with greater content flexibility and
choices
Astro SINI keeps your customers
entertained with Astro content on
their personal devices at your
business outlet without using mobile
data or internet bandwidth

32
Key Social impact in FY22
Voice for good
• Aired over 7,700 hours of PSAs across TV, radio and digital as an agent for positivity to amplify
community messages and raise civic awareness among Malaysians

Education for all

• Reach over 5mn students annually through 3 Astro Tutor TV channels on Astro and NJOI, providing fresh
educational content, such as Pelan A+ SPM. RM120mn invested in learning content over the last decade
including RM7mn in FY21
• Broadcast TV Pendidikan by the Ministry of Education on Tutor TV and Astro Ceria
• Contributed laptops for students at SK Magandai and SK Malinsau in Sabah; and SK Sungai Paku in
Sarawak to make online education content accessible

Content for all

• Complimentary viewing of selected content during lockdowns
• Equipped COVID-19 Quarantine and Low-Risk Treatment Centres nationwide with NJOI decoders and
TV sets to keep patients informed and entertained

Helping communities and businesses

• Astro First partnered local film producers to premiere first run films directly to homes
• Collaborate with FINAS on TV/OTT Programme Fund to aid local film companies to resume production,
distribution and promotion of local films
• Supports the needy through #KAMICARE community programmes, the National Blood Bank’s blood donation
drive and our nation’s COVID-19 vaccination drive
• Astro Radio supports microbusinesses during the pandemic by offering radio and social media advertising
slots through #KAMICAREMBIZ initiatives
• Go Shop assists SMEs by hosting e-Bazaar to connect them to its customers

33
Appendix

34
PAT reconciliation
NB
(RM mn) 1H FY21 1H FY22 (1) Depreciation and amortisation excludes the
amortisation of film library and programme rights
which is expensed as part of content costs (cost of
EBITDA 702 684 sales)
Margin % 33% 32% (2) Normalised PATAMI excludes post-tax impact of
unrealised forex gain/(loss) YTD FY22: (RM 20mn),
(1) YTD FY21: (RM 19mn) due to mark-to-market
Depreciation and amortisation (298) (276)
revaluation of transponder-related lease liabilities
EBIT 404 408 (3) Numbers may not add up due to rounding
differences
Margin % 19% 19%
Finance income 14 10
Finance cost (134) (114)
PBT 284 304
Tax expense (74) (74)
Tax rate % 26% 24%
PAT 210 231
PATAMI 208 228
Margin % 10% 11%
Normalised PATAMI (2) 227 248
Margin % 11% 12%

35
Balance sheet overview
(RM mn) FY21 2Q FY22 (RM mn) FY21 2Q FY22

Non-current assets 4,044 3,944 Non-current liabilities 2,996 2,885

Property, plant and equipment and right–of- Other financial liabilities 209 220
1,725 1,586
use assets
Borrowings 2,691 2,575
Other non-current assets 2,319 2,358
Other non-current liabilities 96 90

Current assets 1,741 1,418 Current liabilities 1,641 1,338

Receivables and contract assets 583 567 Payables, contract & other financial liabilities 1,247 1,025

Cash and bank balances(1) 1,107 803 Borrowings 322 280

Other current assets 51 48 Other current liabilities 71 33

Shareholders’ equity 1,149 1,139

5,785 5,362 5,785 5,362

Net debt / LTM EBITDA: 1.4x (FY21: 1.3x)

NB
(1) Includes investment in unit trusts 36
(2) Numbers may not add up due to rounding differences
Debt profile
▪ As of 31 July 2021, total outstanding principal stood at RM972.5mn.
▪ RM380mn is a term loan facility with a 5-year tenor fully drawn down on 23 August 2018, at a fixed rate
Total borrowings: of 5.18% p.a. with quarterly interest payment. Repayment will be in 2 tranches i.e. RM50mn on 23
RM 2,855mn* February 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 2019
and RM250mn on 28 June 2019. Floating rate facility (based on cost of funds) of 3.37% p.a. as of 31 July
2021, with quarterly interest payment. Repayment will be in 5 equal semi-annual installments,
RM term loan
commencing 36 months from the first drawdown i.e. 28 March 2022.
979
▪ RM292.5mn is from a RM300mn term loan facility with a 6-year tenor fully drawn down on 2
September 2020. This has an amortized semi-annual repayment schedule with final maturity date on 2
September 2026 (Average life: 4.45 years), at a floating rate (based on cost of funds) of 3.28% p.a. as of
31 July 2021, with quarterly interest payment.
615 ▪ The second principal repayment of RM7.5mn was paid on 2 September 2021.

▪ The USD150mn SFCL facility of 4 years 11 months tenor amounted to RM612.7mn upon conversion at
Synthetic
the agreed exchange rate of USD/RM4.0850.
Foreign ▪ Drawn in 2 tranches of RM306.4mn each on 29 December 2017 and 28 February 2018 respectively, at a
1,261 Currency Loan fixed rate of 4.80% p.a. with quarterly interest payment.
(SFCL) ▪ Bullet repayment on 29 November 2022.

▪ Lease liabilities related to lease of Ku-band transponders on MEASAT-3, MEASAT-3A and MEASAT-3B.
2Q FY22 Payment arrangement for the remaining contractual years for M3 and M3A have been redenominated
Lease Liabilities
(primarily satellite
into Ringgit at USD/RM3.0445 w.e.f. 21 May 2013. The unhedged portion of the lease liabilities related
transponders) to M3B is USD141.8mn.
*Includes accrued interest of RM8.8mn ▪ 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.

NB:
(1) As of 31 July 2021, the USD Term Loan first drawn down in 2011 was fully settled. The final principal repayment of USD24.75mn 37
was paid on 8 June 2021.
Thank you

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