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Performance

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Performance of the current quarter against the preceding quarter (3rd Quarter 2016 versus 2nd Quarter 2016)

Notes :
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  1. Service revenue is defined as Group revenue excluding device, hubbing revenue and network income
  2. Defined as profit before finance income, financecosts, tax, depreciation, amortisation and allowance dor down of identified network costs
  3. The IT and enchance the customer experience and usage to drive revenue growth. The modernisation programmes will also overall operational costs and simplify the network architecture
The Group Service revenue for Q3 2016 grew 2.8% quarter-on-quarter to RM 2,113 million as new plans launched in the previous quarter continued to gain momentum.​
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Prepaid service revenue grew 6.6% quarters-on-quarter to RM 1,022 million. The quarter's strong prepaid performance was mainly supported by significant Mobile Internet ('MI') growtg. The new HOTLINK FAST pack launched last quarter has surpassed 1 million users and continued to attract high MI ARPU users. As a result, prepaid ARPU was higher at RM41 per month (Q 216 : RM 38) and MI penetration grew to 55% (Q 216 : 52%). At the same time, the decline in prepaid subscription base has stabilised towards the end of the current quater and acquisition momentum continued to improve.
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Quarter-on-quarter, Postpaid service revenue declined 1.5% and to RM960 million mainly due to lower ARPU. The lower ARPU was the result of increased data allocation across all MaxisONE Plan ('MOP'). The Group's postpaid subscription base grew by 18k, reversing recent negative tends. The Group now has a solid MOP base approaching 1.5 million subscriptions with ARPU of RM 129 per month. To drive further growth in average revenue per account ('ARPA') and MI usage, the Group recently added MaxisONE kid any 4G Pocket WiFi as part of its MOP proposition.
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The Group continued to register solid 4G LTE adoption momentum ending the quarter with 4.1 million users (Q216 : 3.5 million) who consumed on average 4.4GB per month (Q216 : 3.7GB). These represent an increase of 1.9 million and 2.1GB per month respectively, from a year ago. 4G LTE population coverage has reached 88% on comparable peer basis and the Group continued to lead the market in terms of coverage, quality and best digital experience.
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Normalised EBITDA in the current quarter stood at RM 1,139 million with normalised margin of 52.8%, against RM 1,006 milion and 47.9% respectively in the previous quarter. EBITDA grew mainly as a result of higher service revenue, lower realised foreign exchange losses and higher other income upon completion of projects.
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The Group recorded a higher normalised profit of RM 514 million compared to RM 421 million in preceding quarter, on the back of higher EBITDA.
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Performance of the current year against the preceding year ( YTD September 2016 versus YTD september 2015 ) 

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Notes :​
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  1. The comparative results were restated to provide more comparable information with the current period.
  2. Service revenue is defined as Group revenue excluding device, hubbing revenues and network income.
  3. Defined as profit before finance income, finance costs, tax, depreciation, amortisation and allowance for write down of identified network costs.
  4. The IT and network modernisation programmes enable the Group to strengthen its access network to enhance the customer experience and usage to drive revenue growth. The modernisation programmes will also lower overall operational costs and simplify the network architecture.
Year-to-date, the Group's service revenue declined slightly to RM 6,290 million (YTD 2015 : RM 6,365 million) and was primarily driven by Prepaid.
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Prepaid sevice revenue declined 4.5% to RM 2,994 million mainly attributed to lower subscription base as a result of intense price competition. This has since stabilised towards the end of the current period and acquisition momentum coninued to improve. The increase in prepaid RPU to RM 40 per month (YTD 15 : RM 38) was driven by continued traction on MI usage which more than compensated for the decline in voice and SMS.
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Postpaid service revenue grew 0.4% year-on-year to RM 2,927 million (YTD 15 : RM 2,914 million), supported by a solid base of almost 1.5 million MOP sucriptions with monthly ARPU of RM 141 (YTD 15 : RM 159). ARPU declined primarily due to increased data allocation across all MOP. In the last 12 months, the Group added more than 800,000 new MOP subcriptions with MaxisONE Share driving incremental port-ins and pre-to-post migration. The two new product additions to the MaxisONE family namely MaxisONE kid and 4G POcket WiFi, are expected to drive further growth in ARPA and MI usage.
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Blended smart-phone penetration stood at 74% against 67% in the same period last year. Blended data usage doubled in the last 12 month, and it now at 2.84GB per nationwide population coverage of 88% on comparable peer basis, will continue to be an important enable for our customers to enjoy unmatched digital experience.
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In the period under review, the Group's normalised cost base was relatively unchanged at RM 3,097 million (YTD : RM 3,121 million). Consequently, normalised EBITDA and EBITDA margin stood at RM 3,301 million and 51.6% against RM 3,304 million and 51.4% respectively in the corresponding period last year.
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Normalised profit declined by 4% year-on-year to RM 1,419 million mainly due to higher depreciation as the Group continue to invest in its network infrastructure.
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