Celcomdigi Berhad (KLSE:CDB)
Malaysia flag Malaysia · Delayed Price · Currency is MYR
3.030
-0.010 (-0.33%)
At close: May 8, 2026
← View all transcripts

Earnings Call: Q2 2023

Aug 18, 2023

Speaker 1

Hello, everyone. I'm pleased to be here with you for after the first half of 2023. It's been... since then, it's been seven months since Celcom and Digi merged to form our CelcomDigi Berhad. I'm pleased to share with you that so far, so good. We're having quite a good performance for the first half of 2023. From all aspects, we continue to gain momentum. First and foremost, on our subscriber base, we added almost 600,000 subscribers over the past six months, in all business segments, in the prepaid segment, the postpaid segment. We are making progress, also very encouraging progress, post-consolidation of our back-end system on the home fiber, so we're increasing our convergence customers. Very, very encouraging.

This is as a result of the elevated network experience that we're able to offer to our customers from the network upgrades that we have done, from the network consolidation that we have done across the country. We also have been very active in offering very attractive as well as affordable packages, both in our 4G as well as the 5G packages. Very, very encouraging in terms of response from the market, hence, we're seeing the increase in terms of subscriber base that we saw in the past six months. Secondly, I would also like to share with you that the network integration is progressing well. We have identified our partner, as we have announced, both ZTE as well as Huawei, as the two RAN network partners.

They will be consolidating the network across the country. I'm pleased to share with you that so far we have managed to consolidate over 2,000 sites since we started the project in March. We're targeting to consolidate about 5,000 sites by the end of the year. This is on track. We are pleased that it's actually slightly ahead of what we planned. This is something that we are closely monitoring and put a lot of effort to make sure that we do this on time, as such, that the synergy that we're expecting from this merger can be realized as soon as possible. Last but not least, despite all the many, many things that we do during the integration period in the past 6 months, that we are able to maintain and manage our cost.

As such, we're seeing a very stable profitability, both in terms of EBITDA as well as PAT. I'm pleased to share with you, as you have seen in our, in our report, that our normalized PAT, after taking out the accelerated depreciation, has exceeded MYR 1 billion for the first six months. We look forward to continue with this kind of momentum and performance. With that, I would like to once again assure you that we are on track when it comes to our guidance, in terms of maintaining our momentum on the top-line revenue, low single-digit growth, for our EBITDA, and maintaining or investing about 15%-18% in terms of CapEx to sales ratio.

With that, once again, I want to thank all of our subscribers that have continued to support us on both the Celcom and also the Digi brand. For those that's not yet our customers, we welcome you to come and test and experience our new network. For all our investors and our partners, thank you again for continuing to support CelcomDigi Berhad. With that, until next time, thank you.

Powered by