Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Bundle
A Brief History of PT Telekomunikasi Indonesia Tbk
PT Telekomunikasi Indonesia Tbk, commonly known as Telkom Indonesia, has played a pivotal role in the telecommunications landscape of Indonesia. Established in 1961, the company has evolved from being a government-run enterprise to a publicly traded company listed on the Indonesia Stock Exchange (IDX).
Company Overview
As of September 30, 2024, Telkom Indonesia has a market capitalization of approximately Rp 135.7 trillion. The company's equity totals Rp 135.7 trillion, reflecting a slight decrease from Rp 135.7 trillion at the end of 2023.
Financial Performance
For the nine months ending September 30, 2024, Telkom Indonesia reported revenues of Rp 112.2 trillion, up from Rp 111.2 trillion in the previous year. The profit for the period was recorded at Rp 23 trillion, slightly down from Rp 23.9 trillion in 2023.
| Year | Revenue (in trillion Rp) | Profit (in trillion Rp) | EPS (in Rp) |
|---|---|---|---|
| 2024 | 112.2 | 23.0 | 178.42 |
| 2023 | 111.2 | 23.9 | 196.84 |
Major Developments
In 2023, Telkom Indonesia executed a significant spin-off of its IndiHome business segment to its subsidiary, Telkomsel, valued at Rp 58.25 trillion. This strategic move aimed to streamline operations and enhance service delivery.
Debt and Equity Structure
As of September 30, 2024, Telkom Indonesia's total assets amount to Rp 174.7 trillion, while total liabilities stand at Rp 39.3 trillion, resulting in a net debt-to-equity ratio of 35.81%. The company has maintained compliance with its debt covenants, ensuring a stable financial footing.
| Category | Amount (in trillion Rp) |
|---|---|
| Total Assets | 174.7 |
| Total Liabilities | 39.3 |
| Net Debt-to-Equity Ratio | 35.81% |
Market Position
Telkom Indonesia continues to lead the telecommunications sector in Indonesia, with a market share of approximately 50% in fixed broadband and a significant presence in mobile services through its subsidiary, Telkomsel, which reported revenues of Rp 85.2 trillion for 2024.
Future Outlook
The company is focused on expanding its digital services and enhancing network infrastructure to support Indonesia's growing demand for connectivity. Investments in new technologies and platforms are expected to drive future growth.
A Who Owns Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK)
Ownership Structure
The ownership structure of PT Telekomunikasi Indonesia Tbk as of 2024 is as follows:
| Shareholder | Number of Shares | Percentage Ownership | Paid-in Capital (in billions Rp) |
|---|---|---|---|
| Government of the Republic of Indonesia (Series A Dwiwarna share) | 1 | 0.00% | 0 |
| Government of the Republic of Indonesia (Series B shares) | 51,602,353,559 | 52.09% | 2,580 |
| The Bank of New York Mellon Corporation | 3,973,451,980 | 4.02% | 199 |
| Public (individually less than 5%) | 42,837,251,161 | 43.33% | 2,146 |
| Total | 99,062,216,600 | 100.00% | 4,953 |
Key Shareholder Information
As of September 30, 2024, the significant shareholders of PT Telekomunikasi Indonesia are:
- Government of Indonesia: Holds 52.09% of the Series B shares, maintaining a controlling interest.
- The Bank of New York Mellon Corporation: Holds 4.02% of the shares, acting as the depositary for the registered ADS holders.
- Public Investors: Comprising various entities and individuals, collectively holding 43.33% of the shares.
Recent Financial Data
The financial position of PT Telekomunikasi Indonesia Tbk as of September 30, 2024, shows the following:
| Item | Amount (in billions Rp) |
|---|---|
| Total Liabilities | 130,783 |
| Total Equity | 154,351 |
| Total Assets | 285,134 |
| Retained Earnings | 103,203 |
| Net Income for the Period | 23,021 |
Shareholder Rights and Governance
The Series A Dwiwarna share is unique in that it grants the Government of Indonesia veto rights in key corporate decisions, including:
- Election and removal of the Board of Commissioners and Directors.
- Issuance of new shares.
- Amendments to the Company's Articles of Association.
Recent Shareholder Actions
In the Annual General Meeting held on May 3, 2024, shareholders approved the distribution of cash dividends for 2023 amounting to:
| Year | Dividend Amount (in billions Rp) | Dividend per Share (in Rp) |
|---|---|---|
| 2023 | 17,683 | 178.50 |
This dividend reflects the Company's commitment to shareholder returns amidst a competitive telecommunications landscape.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Mission Statement
Mission Statement Overview
The mission statement of PT Telekomunikasi Indonesia Tbk (TLK) emphasizes its commitment to delivering high-quality telecommunications and information services to enhance connectivity and support the digital transformation of Indonesia. The company aims to optimize its resources and capabilities to provide competitive services that drive customer satisfaction and create value for stakeholders.
Core Values
- Innovation: Continuously improving services and solutions to meet customer needs.
- Customer-Centricity: Prioritizing customer satisfaction in all business operations.
- Integrity: Conducting business with transparency and accountability.
- Collaboration: Fostering partnerships to enhance service delivery.
- Sustainability: Committing to responsible business practices that benefit society and the environment.
Strategic Goals
PT Telekomunikasi Indonesia Tbk has outlined several strategic goals aligned with its mission:
- To expand its telecommunications infrastructure to underserved areas.
- To enhance digital services, including data and internet solutions.
- To innovate in technology and service delivery.
- To ensure operational excellence and cost efficiency.
- To actively contribute to Indonesia's economic and social development.
Financial Performance Indicators
As of September 30, 2024, PT Telekomunikasi Indonesia reported the following financial performance indicators:
| Financial Metric | Value (in billions Rupiah) |
|---|---|
| Total Revenues | 112,219 |
| Operating Profit | 32,450 |
| Net Profit | 23,021 |
| Total Assets | 285,134 |
| Total Liabilities | 130,783 |
| Total Equity | 154,351 |
Recent Developments and Initiatives
In 2024, PT Telekomunikasi Indonesia has undertaken several initiatives to align with its mission statement:
- Launched new digital services aimed at enhancing customer experience.
- Invested in expanding broadband access in rural areas.
- Increased focus on sustainable practices in operations and service delivery.
- Enhanced partnerships with technology firms to drive innovation.
Conclusion
PT Telekomunikasi Indonesia Tbk continues to reinforce its mission through strategic initiatives, aiming to be a leader in telecommunications while contributing positively to Indonesia's development.
How Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Works
Financial Overview
As of September 30, 2024, PT Telekomunikasi Indonesia Tbk (TLK) reported total revenues of Rp112,219 billion, reflecting a slight increase from Rp111,238 billion in the same period of 2023. The company’s operating profit for the nine months ended September 30, 2024, was Rp32,450 billion compared to Rp34,982 billion in 2023.
| Financial Metrics | 2024 (Rp Billion) | 2023 (Rp Billion) |
|---|---|---|
| Total Revenues | 112,219 | 111,238 |
| Operating Profit | 32,450 | 34,982 |
| Profit for the Period | 23,021 | 25,389 |
| Basic Earnings per Share | 178.42 | 196.84 |
Capital Structure
As of September 30, 2024, the capital structure of PT Telekomunikasi Indonesia was composed of total debts amounting to Rp73,139 billion, which includes short-term debts of Rp10,655 billion and long-term debts of Rp62,484 billion. The equity attributable to the owners of the parent company stood at Rp135,702 billion.
| Capital Structure Components | September 30, 2024 (Rp Billion) | December 31, 2023 (Rp Billion) |
|---|---|---|
| Short-term Debts | 10,655 | 9,650 |
| Long-term Debts | 62,484 | 58,474 |
| Total Debts | 73,139 | 68,124 |
| Equity | 135,702 | 135,744 |
Revenue Streams
PT Telekomunikasi Indonesia generates revenue through various segments, including mobile, consumer, and enterprise services. In the first nine months of 2024, the company reported significant contributions from its data, internet, and information technology services, along with cellular revenues.
| Revenue Segments | 2024 (Rp Billion) | 2023 (Rp Billion) |
|---|---|---|
| Cellular Data and Internet | 54,509 | 53,529 |
| Internet, Data Communication, and IT Services | 10,592 | 7,351 |
| Total Telephone Revenues | 5,243 | 8,312 |
| IndiHome Revenues | 21,785 | 19,626 |
Operational Expenses
For the nine months ended September 30, 2024, PT Telekomunikasi Indonesia incurred total operational expenses of Rp29,977 billion, which includes costs related to maintenance, personnel, and depreciation.
| Operational Expenses | 2024 (Rp Billion) | 2023 (Rp Billion) |
|---|---|---|
| Operation, Maintenance, and Telecommunication Service Expenses | 29,977 | 28,864 |
| Depreciation and Amortization Expenses | 24,250 | 24,081 |
| Personnel Expenses | 13,156 | 11,678 |
| General and Administrative Expenses | 4,924 | 4,520 |
Debt Obligations
As of September 30, 2024, PT Telekomunikasi Indonesia’s total debt obligations included bonds and medium-term notes amounting to Rp2,696 billion and bank loans totaling Rp19,526 billion. The total current maturities of long-term loans were reported at Rp16,623 billion.
| Debt Obligations | September 30, 2024 (Rp Billion) | December 31, 2023 (Rp Billion) |
|---|---|---|
| Total Bonds and MTN | 2,696 | 4,795 |
| Total Bank Loans | 19,526 | 22,978 |
| Total Current Maturities of Long-term Loans | 16,623 | 10,276 |
Market Position and Competitive Landscape
PT Telekomunikasi Indonesia holds a dominant position in the Indonesian telecommunications market, competing with other major players like Indosat and XL Axiata. The company is focused on expanding its digital services and improving customer engagement through innovative solutions.
How Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Makes Money
Revenue Streams
PT Telekomunikasi Indonesia Tbk (TLK) generates revenue through various segments, including mobile, consumer, enterprise, and other services. The primary sources of revenue for the company as of 2024 are summarized below:
| Revenue Source | 2024 Revenue (in billion Rupiah) | 2023 Revenue (in billion Rupiah) |
|---|---|---|
| Mobile Services | 62,871 | 63,788 |
| IndiHome Services | 19,626 | 19,309 |
| Enterprise Services | 15,144 | 14,587 |
| Other Services | 11,133 | 10,241 |
| Interconnection Revenues | 6,875 | 6,627 |
| Total Revenues | 112,219 | 111,238 |
Key Operational Metrics
In terms of operational efficiency, TLK reported the following metrics for the nine months ending September 30, 2024:
| Metric | 2024 Value | 2023 Value |
|---|---|---|
| Operating Profit | 32,450 | 34,982 |
| Profit for the Period | 23,021 | 25,389 |
| Basic Earnings per Share (Rp) | 178.42 | 196.84 |
Cost Structure
TLK's cost structure primarily consists of operational, maintenance, and telecommunication service expenses, which are detailed below:
| Expense Category | 2024 Expense (in billion Rupiah) | 2023 Expense (in billion Rupiah) |
|---|---|---|
| Operation and Maintenance | 17,528 | 17,152 |
| Depreciation and Amortization | 24,250 | 24,081 |
| Personnel Expenses | 13,156 | 11,678 |
| General and Administrative Expenses | 4,924 | 4,520 |
| Total Operating Expenses | 29,977 | 28,864 |
Investment and Capital Expenditures
For the year 2024, TLK's capital expenditures are projected at significant levels to enhance its infrastructure and service offerings:
| Investment Type | 2024 Investment (in billion Rupiah) |
|---|---|
| Network Infrastructure | 11,423 |
| Technology Upgrades | 5,673 |
| Total Capital Expenditures | 17,096 |
Debt and Financial Management
As of September 30, 2024, TLK's debt profile reflects a balanced approach to financing:
| Debt Category | Value (in billion Rupiah) |
|---|---|
| Short-term Debt | 10,655 |
| Long-term Debt | 62,484 |
| Total Debt | 73,139 |
| Total Equity | 135,702 |
| Debt-to-Equity Ratio | 0.54 |
Cash Flow and Liquidity
TLK maintains a robust liquidity position, with cash and cash equivalents reported as follows:
| Cash Flow Category | Value (in billion Rupiah) |
|---|---|
| Cash and Cash Equivalents | 24,540 |
| Net Cash Flow from Operating Activities | 15,000 |
| Net Cash Flow from Investing Activities | (11,423) |
| Net Cash Flow from Financing Activities | (3,675) |
Future Growth Prospects
PT Telekomunikasi Indonesia Tbk is focused on expanding its digital services, particularly in the areas of e-health, e-payment, and cloud computing, which are expected to drive future growth. Investments in fiber optics and 5G technology are also part of the company’s strategic initiatives.
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Article updated on 8 Nov 2024
Resources:
- Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.