Celcomdigi Berhad (KLSE:CDB)
Malaysia flag Malaysia · Delayed Price · Currency is MYR
3.030
-0.010 (-0.33%)
At close: May 8, 2026
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Earnings Call: Q2 2024

Aug 16, 2024

Albern Murty
CEO, CelcomDigi

Hi, everyone. Welcome to the second quarter update for 2024. I'm pleased to be back here with you, sharing our performance and the progress of the integration and transformation that CelcomDigi is going through since we completed our merger. The second quarter has been a strong quarter for us, marked by both top line as well as the bottom line growth. We did better than the first quarter of 2024. But what we are pleased about is that the initiatives that we have undertaken in the first quarter, especially on what we're doing in the market, is starting to bear fruit. We are seeing improvement in how our products now is being accepted in the market, and we believe the changes that we have done in order to ensure a more sustainable long-term growth for CelcomDigi is on the right track.

So we look forward to an exciting third quarter, as well as fourth quarter of 2024. I'm also pleased to share with you that we are making good progress in the integration, as well as the transformation of the company since the merger. Our network integration and modernization is on track, ahead of plan, to be exact. We surpassed the 50% mark 3 weeks ago, and we are pleased to report that we are continuing the momentum, and we hope to complete the integration by middle of next year, or latest by the third quarter of 2025. Our IT integration, which is a very complex process, and the transformation of our key IT systems, is also going on track. We also have started to embark on the transformation of our retail outlets across the country with a new concept, with the new promise on customer experience.

We are pleased to share that so far, as of to date, we have completed nine new retail concept or retail outlet across the country. This is something that we believe will be one of the major lever that would support the growth that we are looking for in the future. 5G is a topic that's very garner a lot of interest in Malaysia. As we have shared with everyone, that we have submitted a proposal to the government as part of the AIP process for the development of the second network in the country. We believe that we have given or submitted a very compelling proposal for us to build high-performance 5G network for the nation.

We believe that we have the right infrastructure to do this in the speediest manner, that we have the financial strength to undertake such a project, as well as we do have the ecosystem that are able to start almost immediately, and to complete this within the shortest time possible. We have also launched very recently what we call our AI Experience Centre, or we call it AiX. Now, this is something that we are very, very proud of for many reasons, and one of the most interesting part of this is that we built this together with our partners. We have worked with more than 40 partners to get this up and going, and together, we have invested more than MYR 50 million to make this happen.

This AiX showcases 45, at this point in time, 45 different use cases, and most of these use cases are currently available in the market. Last but not least, I'm pleased to share with everyone that we have had our first ESG Day, that we share with the media and the public a comprehensive ESG strategy for us to build an, what we call, an inclusive, sustainable, and trusted digital society. We believe that it is very important at this day and age, for a company like CelcomDigi, who provide connectivity services to more than 20 million Malaysians, that we put a lot of emphasis in the safety of the internet, and also to build an environment where our customers can feel safe and secure in … as they go on their daily lives.

I would like to take this opportunity to thank our customers, MCMC, and the Ministry. Thank our partners and our investors for your continuous support to CelcomDigi. To all Malaysians, [Foreign language]. With that, thank you everyone for joining us today.

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