Key Highlights of the 28th TM Annual General Meeting:
TM obtained shareholders’ approvals for all of the resolutions presented at the AGM including the final dividend of 12.2 sen per share; total dividend payout (including interim dividend) of 22 sen per share or RM787 million, exceeding dividend obligation of RM700 million.
The payout of the final dividend to be made on 27 May 2013.
TM surpassed HSBB roll-out commitment set out in the PPP target.
To date, UniFi service has been expanded to more than 1.39 million premises passed covering 102 exchange areas nationwide and customers has grown to close to 552,000, which translates to around 38% take-up rate.
TM further substantiated position as Malaysia’s trusted Broadband Champion with a 7.4% growth in its customer base to 2.07 million in 2012.
28th ANNUAL GENERAL MEETING
Telekom Malaysia Berhad (TM) announced today that its shareholders approved all the resolutions proposed at its 28th Annual General Meeting (28th AGM) held at its headquarters, TM Convention Centre, Menara TM. More than 2,000 shareholders attended the AGM to vote for the eleven (11) resolutions that were tabled.
(From left to right:) Datuk Bazlan Osman, Group Chief Financial Officer, TM, and Dato’ Sri Zamzamzairani Mohd Isa, Group Chief Executive Officer, TM together with Dato’ Sri Dr Halim Shafie, Chairman, TM sharing TM’s financial achievement at TM’s recent 28th Annual General Meeting at Menara TM, Kuala Lumpur.
Speaking at a press conference held after the meeting, Dato’ Sri Dr. Halim Shafie, Chairman, TM said: “We are very happy with the outcome of the AGM and I would like to thank our shareholders for the continued support they have shown us today. It has indeed been a tremendous year in 2012, and journey since we built the high speed broadband infrastructure. Last year, we surpassed the commitment set out in the Public-Private Partnership (PPP) agreement with the Government of Malaysia under the high speed broadband project. Our UniFi service now has close to 552,000 customers on the back of 1.39 million premises passed covering 102 exchange areas, which translates to around 38% take-up rate, going beyond global benchmarks of similar service roll-outs. We further substantiated our claim as Malaysia’s trusted Broadband Champion with a 7.4% growth in our customer base to 2.07 million in 2012, and as a trusted partner in telecommunications services not just across the domestic sectors, but also regionally. This in part has led to a revenue growth of 9.2% for 2012, leading the industry and the highest since our demerger. Thus, I would also like to take this opportunity to thank our shareholders, other stakeholders – the Government and regulator which includes the Ministry of Culture, Information and Communication, Malaysian Communication and Multimedia Commission (MCMC) – our 27,000 staff, as well as our business partners – agencies, suppliers, vendors and installers - and most importantly, over 2 million broadband customers for the trust that they have put on us, as Malaysia’s Broadband Champion. This has enabled us to share our success with our shareholders, with the Group now offering returns on both growth and dividends.”
“I am pleased to announce that the shareholders approved all the resolutions presented at the AGM this morning, including the proposed a final single-tier dividend payout of 12.2 sen per ordinary share of approximately RM436 million, the re-election and re-appointment of Directors, increase and payment of Directors’ fees, re-appointment of Messrs PricewaterhouseCoopers (PwC) as Auditors of the Company and the Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.”
Together with the interim dividend of 9.8 sen per ordinary share amounting to RM351 million distributed in September 2012 last year, we are distributing a total dividend payout of 22 sen per ordinary share, or RM787 million to our shareholders. With this, TM has not only met our dividend commitment to our shareholders year after year as promised and for the first time this year, we have exceeded the RM700 million payout mark or 90% of the normalised PATAMI, with a total 2012 payout of RM787 million - making our total return to shareholders (TRS) a very impressive 237.1% since our demerger in April 2008, among the best in the telco sector.”
The payout of the final single-tier dividend will be made on 27 May 2013.
TM also featured its inaugural ebook at the AGM - the 1st Annual Report in Malaysia to be produced as such - befitting TM as Malaysia's Broadband Champion. The ebook application is available for downloads on both Apple and Android; and the pdf version is available on TM’s website at www.tm.com.my.
UNIFI PROGRESS UPDATE
TM not only fulfilled, but even surpassed the commitment set out in the PPP agreement with the completion of the network and services roll out in time, within cost and with the workforce motivated and intact. The project was globally recognised as one of the fastest and most cost effective, given the scope. UniFi also recorded the highest take-up rate going beyond global benchmarks of similar service roll-outs.
TM successfully exceeded the 1.3 million premises passed coverage. As at 31 December 2012, TM rolled out the services to 1.377 million premises on the back of 96 exchange areas. In terms of take up, TM activated 482,000 customers.
HyppTV is currently Malaysia’s fastest growing IPTV service, offering its customers 107 channels with 20 channels in High Definition (HD) - consisting of 72 premium linear channels, 15 Video-On-Demand (VOD) genres and 20 interactive channels. TM remains committed in providing customers with more value and enhanced viewing experience for their whole family. As testament to our continuous effort in satisfying customers’ viewing needs and preferences, be it entertainment, edutainment or sports contents, TM introduced several exciting ‘value for money’ package offerings from as low as RM30 a month such as the HyppTV Platinum Pack offering 30 amazing channels consisting top rated content sourced locally and internationally from U.S, UK, Asia and many more; ‘HyppTV Ruby Pack’, bundling 10 amazing world class Asian and Chinese channels; HyppTV Mega Pack - is a combination of HyppTV Platinum Pack and HyppTV Ruby Pack that consists of 47 HyppTV channels bundling the various HyppTV channels from Entertainment, Lifestyle, Edutainment and News content, making it a complete pack for the whole family; HyppTV Sports Pack and the new HyppTV Platinum Pack which bundles 33 HyppTV channels featuring a revised and enhanced channel line-up from the existing HyppTV Platinum Pack, focusing more on edutainment and entertainment content.
Specifically for business customers, TM introduced UniFi BIZ packages with higher speeds i.e. 30Mbps and 50Mbps providing the SMEs a quantum leap in efficiency and productivity as well as expanded sales and marketing channels. Today, SMEs can also opt to subscribe to HyppTV as part of the UniFi BIZ package, making it a triple-play offering - a feature previously only made available to residential customers - to further enrich their businesses with exciting infotainment experience.
In addition, TM also expanded the coverage of our high speed broadband access to non-HSBB (UniFi) areas by improving the quality of our copper infrastructure to enable the introduction of the new 8Mbps bandwidth for Streamyx and Business Broadband packages. This new bandwidth option complements TM’s existing broadband packages of 1Mbps, 2Mbps and 4Mbps.
MOVING FORWARD
TM has made significant progress on its comprehensive action plan to position itself for the next stage of growth and profitability. The Group’s 2012 achievement is indicative of the strong momentum it has established and will continue to make in the execution of its sustainable growth strategy as a trusted partner in telecommunications services not just across the domestic sectors, but also regionally through our ICT and Business Process Outsourcing (BPO) as well as our global connectivity businesses.
Moving forward, towards achieving the aspirations and catering to the ever-changing business dynamics, TM has kicked off the Performance Improvement Programme (PIP) 3.0 as the vehicle for future growth for the Company that will focus on three main areas - Continued Growth, Fundamental Productivity Shift and Improve Institutional Health Drivers in creating sustainable value for all of the stakeholders.
Concluding the press conference, Dato’ Sri Dr. Halim said, “We have identified our priorities for 2013 and the execution of the PIP3.0 will be a focal point for TM this year. Competition is expected to intensify in the retail space, but it also creates opportunities for TM, aligned with the Information Exchange aspiration. TM has always believed that customers are our utmost priority and will be the driving force when we develop new products and services. We are keeping abreast with the changing and increasingly sophisticated customer behaviours who want to experience the same service regardless of the devices or technologies serving them. There are many exciting products and services developments being planned, which will increasingly prove to be technology neutral focusing on delivering an enhanced and integrated digital lifestyle to all Malaysians through benefits that will make their life easier - beyond their homes and offices, collapsing the boundaries of time, space and distance - in our holistic approach to providing ubiquitous broadband services to the nation across all segments, in line with our proposition as Malaysia’s Broadband Champions.”
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