Buy Or Sell Opportunity • Jul 03
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to €0.10. The fair value is estimated to be €0.085, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.4% in a year. Earnings are forecast to grow by 87% in the next year. Buy Or Sell Opportunity • May 22
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to €0.14. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.9% in a year. Earnings are forecast to grow by 89% in the next year. Board Change • May 21
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 2 experienced directors. 2 highly experienced directors. No independent directors (10 non-independent directors). Chief Enterprise Business & Corporate Affairs Officer and Director Yessie Yosetya is the most experienced director on the board, commencing their role in 2016. Independent Commissioner Willem Timmermans was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 07
PT XLSMART Telecom Sejahtera Tbk, Annual General Meeting, May 20, 2026 PT XLSMART Telecom Sejahtera Tbk, Annual General Meeting, May 20, 2026. Tillkännagivande • Feb 07
PT XLSMART Telecom Sejahtera Tbk to Report Q4, 2025 Results on Feb 13, 2026 PT XLSMART Telecom Sejahtera Tbk announced that they will report Q4, 2025 results on Feb 13, 2026 Tillkännagivande • Nov 22
PT XLSMART Telecom Sejahtera Tbk announces Annual dividend, payable on December 11, 2025 PT XLSMART Telecom Sejahtera Tbk announced Annual dividend of IDR 159.0000 per share payable on December 11, 2025, ex-date on December 02, 2025 and record date on December 03, 2025. Tillkännagivande • Nov 07
PT XLSMART Telecom Sejahtera Tbk to Report Q3, 2025 Results on Nov 13, 2025 PT XLSMART Telecom Sejahtera Tbk announced that they will report Q3, 2025 results on Nov 13, 2025 Tillkännagivande • Aug 25
PT XLSMART Telecom Sejahtera Tbk to Report Q2, 2025 Results on Aug 27, 2025 PT XLSMART Telecom Sejahtera Tbk announced that they will report Q2, 2025 results on Aug 27, 2025 Tillkännagivande • May 02
PT XLSMART Telecom Sejahtera Tbk to Report Q1, 2025 Results on May 06, 2025 PT XLSMART Telecom Sejahtera Tbk announced that they will report Q1, 2025 results on May 06, 2025 Tillkännagivande • Apr 17
PT XL Axiata Tbk (IDX:EXCL) completed the acquisition of PT Smartfren Telecom Tbk (IDX:FREN) from Wahana Inti Nusantara, PT, Global Nusa Data PT, Bali Media Telekomunikasi PT and PT. Gerbang Mas Tunggal Sejahtera. PT XL Axiata Tbk (IDX:EXCL) entered into a non-binding Memorandum of Understanding to acquire PT Smartfren Telecom Tbk (IDX:FREN) from Wahana Inti Nusantara, PT, Global Nusa Data PT, Bali Media Telekomunikasi PT and PT. Gerbang Mas Tunggal Sejahtera for IDR 11.9 trillion on May 15, 2024. As of December 10, 2024, PT XL Axiata Tbk (IDX:EXCL) entered into a conditional merger agreement with PT Smartfren Telecom Tbk. The consideration consists of 5.07 billion common equity of PT XL Axiata Tbk to be issued for common equity of PT Smartfren Telecom Tbk. As part of the consideration, PT XL Axiata Tbk will axquire PT Smartfren Telecom Tbk for IDR 25 per share. The merged entity will be named PT XLSmart Telecom Sejahtera Tbk. As part of merger, Sinar Mas will receive 21.7% stake in XLSmart while Axiata stake will be 47.9% stake. PT XL Axiata Tbk will serve as the surviving entity while Smartfren and SmartTel will dissolve by operation of law upon merger completion and become part of XLSmart. PT XL Axiata Tbk and Sinar Mas will remain joint controlling shareholders with 34.8% ownership stake each in PT XL Axiata Tbk. The merger ratio of 72:28 equity value will be split between XL Axiata and Smartfren respectively. The deal is subject to approval by the shareholders of PT Smartfren Telecom Tbk and the shareholders of PT XL Axiata Tbk. The transaction is also subject to approval from Bank Negara Malaysia, IDX, and the Ministry of Communications and Digital of the Republic of Indonesia. A Merger Integration Committee has been set for the deal. The transaction is expected to be completed by the first half of 2025. PT XL Axiata Tbk (IDX:EXCL) will use the funds to primarily pare down debt. The deal will be accretive to PT XL Axiata Tbk (IDX:EXCL).
Maybank Investment Bank has been appointed as Principal Adviser to PT XL Axiata Tbk while DB Corporate Advisory (Malaysia) Sdn. Bhd. has been appointed as Exclusive Financial Adviser to PT XL Axiata Tbk. Jonathan Stone, Rajeev Duggal, Jisun Choi, Bruce Goldner, Rory McAlpine and Steve Kwok of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Axiata Group.
PT XL Axiata Tbk (IDX:EXCL) completed the acquisition of PT Smartfren Telecom Tbk (IDX:FREN) from Wahana Inti Nusantara, PT, Global Nusa Data PT, Bali Media Telekomunikasi PT and PT. Gerbang Mas Tunggal Sejahtera on April 16, 2025. Tillkännagivande • Mar 27
PT XL Axiata Tbk announces Annual dividend, payable on April 24, 2025 PT XL Axiata Tbk announced Annual dividend of IDR 85.7000 per share payable on April 24, 2025, ex-date on April 14, 2025 and record date on April 15, 2025. Tillkännagivande • Feb 15
PT XL Axiata Tbk, Annual General Meeting, Mar 25, 2025 PT XL Axiata Tbk, Annual General Meeting, Mar 25, 2025. Tillkännagivande • Dec 13
PT XL Axiata Tbk (IDX:EXCL) announces an Equity Buyback for 1,312,843,066 shares, representing 10% for IDR 3,085,181.21 million. PT XL Axiata Tbk (IDX:EXCL) announces a share repurchase program. Under the program, the company will repurchase up to 1,312,843,066 shares, representing 10% of its issued share capital, for IDR 3,085,181.21 million. The shares will be repurchased from minority shareholders who vote against the Merger at the EGMS at a price of IDR 2,350 per share. In case the amount to be paid in buyback exceeds the limit stated above then remaining excess shares will be repurchased by Axiata Investments and Stellar and PT Gerbangmas Tunggal Sejahetera. The program is valid till April 10, 2025. As of September 30, 2024, the company had 13,128,430,665 shares issued and outstanding. New Risk • Nov 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: Rp22.50 (vs Rp27.53 in 3Q 2023) Third quarter 2024 results: EPS: Rp22.50 (down from Rp27.53 in 3Q 2023). Revenue: Rp8.31t (up 2.5% from 3Q 2023). Net income: Rp291.8b (down 19% from 3Q 2023). Profit margin: 3.5% (down from 4.4% in 3Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 01
PT XL Axiata Tbk to Report Q3, 2024 Results on Nov 07, 2024 PT XL Axiata Tbk announced that they will report Q3, 2024 results on Nov 07, 2024 Tillkännagivande • Aug 03
PT XL Axiata Tbk to Report Q2, 2024 Results on Aug 07, 2024 PT XL Axiata Tbk announced that they will report Q2, 2024 results at 4:00 PM, SE Asia Standard Time on Aug 07, 2024 Recent Insider Transactions • Jun 30
President Director & CEO recently sold €251k worth of stock On the 26th of June, Dian Siswarini sold around 2m shares on-market at roughly €0.13 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dian's only on-market trade for the last 12 months. Tillkännagivande • May 17
Axiata, Sinar Mas Explore Merger Between XL and Smartfren Axiata Group Berhad (KLSE:AXIATA) has entered into a non-binding agreement with Indonesian firms to explore a merger of PT XL Axiata Tbk (IDX:EXCL) and PT Smartfren Telecom Tbk (IDX:FREN) to create a new entity (MergeCo). Axiata said it had signed a memorandum of understanding (MoU) with Wahana Inti Nusantara, PT, Global Nusa Data PT and Bali Media Telekomunikasi PT (collectively referred to as Sinar Mas) on the prospect. In a filing to Bursa Malaysia, Axiata noted the proposal is at an early stage of evaluation with both Axiata and Sinar Mas intending to remain as joint controlling shareholders of MergeCo. "With the intent to create a stronger telecommunications service provider in Indonesia, the proposed merger of XL Axiata and Smartfren is expected to bring together the combined scale, competencies, finances and deep telecommunication expertise of Axiata and the local scale and market knowledge of Sinar Mas to generate significant value. "Both principals are expected to wield an equitable influence over the strategic direction and operational decisions of MergeCo, bolstered by their respective strengths," it noted. There is no certainty that the ongoing discussions between the parties will result into any binding agreement nor the completion of the transaction, it said. "Axiata believes that MergeCo will have the strategic agility, competence and scale to meet increasing expectations and demand from consumers, businesses and the Indonesian public sector. "MergeCo is expected to deliver superior customer experience in the telecommunications sector and create additional shareholder value including through synergies from the combined operations of XL Axiata and Smartfren," it added. Declared Dividend • May 06
Dividend of Rp48.60 announced Shareholders will receive a dividend of Rp48.60. Ex-date: 16th May 2024 Payment date: 31st May 2024 Dividend yield will be 39,836%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: Rp41.00 (vs Rp15.37 in 1Q 2023) First quarter 2024 results: EPS: Rp41.00 (up from Rp15.37 in 1Q 2023). Revenue: Rp8.44t (up 12% from 1Q 2023). Net income: Rp539.1b (up 168% from 1Q 2023). Profit margin: 6.4% (up from 2.7% in 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 26
Axiata, Sinar Mas Reportedly Move Closer to $3.5 Billion Telco Merger in Indonesia Wireless carrier Axiata Group Berhad (KLSE:AXIATA) and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said. The owners of PT XL Axiata Tbk (IDX:EXCL) and PT Smartfren Telecom Tbk (IDX:FREN) are discussing the structure of a potential transaction that would create a $3.5 billion entity with about 100 million customers, the people said. A deal could involve a mix of cash and shares, they said, asking not to be named as the process is private. Tillkännagivande • Apr 24
PT XL Axiata Tbk to Report Q1, 2024 Results on Apr 29, 2024 PT XL Axiata Tbk announced that they will report Q1, 2024 results on Apr 29, 2024 Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: Rp97.24 (vs Rp103 in FY 2022) Full year 2023 results: EPS: Rp97.24. Revenue: Rp32t (up 11% from FY 2022). Net income: Rp1.27t (up 15% from FY 2022). Profit margin: 3.9% (up from 3.8% in FY 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Wireless Telecom industry in Europe. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: Rp28.28 (vs Rp34.34 in 3Q 2022) Third quarter 2023 results: EPS: Rp28.28 (down from Rp34.34 in 3Q 2022). Revenue: Rp8.10t (up 7.7% from 3Q 2022). Net income: Rp359.9b (down 1.7% from 3Q 2022). Profit margin: 4.4% (down from 4.9% in 3Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 21
PT XL Axiata Tbk to Report Q3, 2023 Results on Nov 22, 2023 PT XL Axiata Tbk announced that they will report Q3, 2023 results on Nov 22, 2023 New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Aug 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: Rp34.72 (vs Rp44.60 in 2Q 2022) Second quarter 2023 results: EPS: Rp34.72 (down from Rp44.60 in 2Q 2022). Revenue: Rp8.22t (up 12% from 2Q 2022). Net income: Rp449.8b (down 5.5% from 2Q 2022). Profit margin: 5.5% (down from 6.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 26
PT XL Axiata Tbk to Report Q2, 2023 Results on Jul 28, 2023 PT XL Axiata Tbk announced that they will report Q2, 2023 results on Jul 28, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: Rp16.00 (vs Rp13.04 in 1Q 2022) First quarter 2023 results: EPS: Rp16.00 (up from Rp13.04 in 1Q 2022). Revenue: Rp7.55t (up 12% from 1Q 2022). Net income: Rp200.9b (up 44% from 1Q 2022). Profit margin: 2.7% (up from 2.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • May 09
Upcoming dividend of Rp42.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.6%). Tillkännagivande • May 06
PT XL Axiata Tbk, Annual General Meeting, May 05, 2023 PT XL Axiata Tbk, Annual General Meeting, May 05, 2023. Agenda: To consider the Annual Report Including the Supervisory Report of the Board of Commissioners, Financial Statements for the Fiscal Year Ending December 31, 2022; to consider the authority to the Company's Board of Commissioners to determine the amount of salary, bonuses, and other benefits for members of the Company's Board of Directors; to consider the changes to the composition of the Board of Directors ; and to consider other mattes. Buying Opportunity • Mar 15
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: Rp105 (vs Rp121 in FY 2021) Full year 2022 results: EPS: Rp105 (down from Rp121 in FY 2021). Revenue: Rp29t (up 8.9% from FY 2021). Net income: Rp1.11t (down 14% from FY 2021). Profit margin: 3.8% (down from 4.8% in FY 2021). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jan 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.1% in 2 years. Earnings is forecast to grow by 65% in the next 2 years. Buying Opportunity • Jan 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.1% in 2 years. Earnings is forecast to grow by 62% in the next 2 years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Independent Commissioner Julianto Sidarto was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: Rp35.51 (vs Rp28.16 in 3Q 2021) Third quarter 2022 results: EPS: Rp35.51 (up from Rp28.16 in 3Q 2021). Revenue: Rp7.52t (up 10% from 3Q 2021). Net income: Rp366.3b (up 22% from 3Q 2021). Profit margin: 4.9% (up from 4.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: Rp45.16 (vs Rp37.07 in 2Q 2021) Second quarter 2022 results: EPS: Rp45.16 (up from Rp37.07 in 2Q 2021). Revenue: Rp7.33t (up 9.0% from 2Q 2021). Net income: Rp475.8b (up 20% from 2Q 2021). Profit margin: 6.5% (up from 5.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 2.2% growth forecast for the Wireless Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 24
Axiata Investments (Indonesia) Sdn Bhd and PT XL Axiata Tbk (IDX:EXCL) completed the acquisition of a 66.03% stake in PT Link Net Tbk (IDX : LINK) from PT First Media Tbk (IDX:KBLV) and Asia Link Dewa Pte. Ltd. Axiata Investments (Indonesia) Sdn Bhd and PT XL Axiata Tbk (IDX:EXCL) entered into a non-binding term sheet to acquire 66.03% stake in PT Link Net Tbk (IDX:LINK) from PT First Media Tbk (IDX:KBLV) and Asia Link Dewa Pte. Ltd. on July 30, 2021. Axiata Investments (Indonesia) Sdn Bhd and PT XL Axiata Tbk entered into conditional share purchase agreement to acquire 66.03% stake in PT Link Net Tbk from PT First Media Tbk and Asia Link Dewa Pte. Ltd. for IDR 8.7 trillion on January 27, 2022. Under the terms of the transaction, PT First Media Tbk and Asia Link Dewa Pte. Ltd. will sale 29.04% and 36.99% stake, respectively and Axiata Investments (Indonesia) Sdn Bhd and PT XL Axiata Tbk will acquire 1.8 billion shares at IDR 4800 per share equivalent to 46.03% and 20.00% stake, respectively in PT Link Net Tbk. In a related transaction, Axiat Investments will be obliged to undertake a mandatory tender offer to acquire the remaining 33.97% of shares pursuant to regulatory requirements in Indonesia. The proposals will be funded via a combination of internally generated funds and/or bank borrowings, the proportions of which will be determined at a later date. The transaction is subjected to the approval of the shareholders of Axiata and FM, approval of BNM under the Foreign Exchanges Notices (consolidated) issued by BNM on April 15, 2021 for Axiata or AII to pay AII’s portion of the purchase consideration, notification to the MOCI of the sale of the sale shares by the sellers; and approval or consents of any other regulatory authorities or parties. The Board of PT Link Net having considered all aspects of the proposals is of the opinion that the proposals are in the best interest of Axiata. As of May 26, 2022, the transaction has been approved by majority of shareholders of Axiata. As of June 14, 2022, on behalf of board, Maybank IB wishes to announce that all conditions precedent as stipulated in the SPA have been fulfilled and the transaction has become unconditional on June 13, 2022. The transaction is expected to complete in the third quarter of 2022. Maybank IB is the Principal Adviser and Morgan Stanley Asia (Singapore) Pte. is the International Financial Adviser to Axiata Group Berhad and XL for the transaction.
Axiata Investments (Indonesia) Sdn Bhd and PT XL Axiata Tbk (IDX:EXCL) completed the acquisition of a 66.03% stake in PT Link Net Tbk (IDX : LINK) from PT First Media Tbk (IDX:KBLV) and Asia Link Dewa Pte. Ltd. on June 22, 2022. Upcoming Dividend • May 04
Upcoming dividend of Rp51.00 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (6.4%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Independent Commissioner Julianto Sidarto was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 09
PT XL Axiata Tbk Ordinary Shares to Be Deleted from Other OTC PT XL Axiata Tbk's Ordinary Shares will be deleted from other OTC effective from April 11, 2022 due to Inactive Security. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: Rp121 (up from Rp34.84 in FY 2020). Revenue: Rp27t (up 2.9% from FY 2020). Net income: Rp1.29t (up 247% from FY 2020). Profit margin: 4.8% (up from 1.4% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.2%, compared to a 2.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 28
PT XL Axiata Tbk (IDX:EXCL) and Axiata Group Berhad (KLSE:AXIATA) made the offer to acquire 33.9% stake in PT Link Net Tbk (IDX:LINK) for IDR 4.5 trillion. PT XL Axiata Tbk (IDX:EXCL) and Axiata Group Berhad (KLSE:AXIATA) made the offer to acquire 33.9% stake in PT Link Net Tbk (IDX:LINK) for IDR 4.5 trillion on January 27, 2022. As per the transaction, PT XL Axiata Tbk and Axiata Group Berhad made the offer to acquire 934.8 million shares at IDR 4800 per share. The transaction will be funded through internally generated funds or bank borrowings. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS Rp27.89 (vs Rp31.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: Rp6.83t (up 3.8% from 3Q 2020). Net income: Rp300.4b (down 9.4% from 3Q 2020). Profit margin: 4.4% (down from 5.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS Rp37.07 (vs Rp20.97 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp6.73t (up 2.2% from 2Q 2020). Net income: Rp395.4b (up 77% from 2Q 2020). Profit margin: 5.9% (up from 3.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 10
PT XL Axiata Tbk to Report Q1, 2021 Results on May 25, 2021 PT XL Axiata Tbk announced that they will report Q1, 2021 results on May 25, 2021 Reported Earnings • Feb 17
Full year 2020 earnings released: EPS Rp34.84 (vs Rp66.67 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: Rp26t (up 3.5% from FY 2019). Net income: Rp371.6b (down 48% from FY 2019). Profit margin: 1.4% (down from 2.8% in FY 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 19
PT XL Axiata Tbk to Report Q4, 2020 Results on Feb 25, 2021 PT XL Axiata Tbk announced that they will report Q4, 2020 results on Feb 25, 2021 Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS Rp30.91 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp6.57t (up 1.7% from 3Q 2019). Net income: Rp331.5b (up 54% from 3Q 2019). Profit margin: 5.0% (up from 3.3% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 19
XL Axiata, Google Cloud Strike Partnership Deals in Indonesia XL Axiata and Google Cloud have signed two strategic partnership agreements. With a target to move 70% of workloads to the cloud within the next three years, XL Axiata has adopted Anthos-Google Cloud's application management platform, to automate, manage and scale workloads across its hybrid- and multi-cloud environments. Tillkännagivande • Jul 31
PT Profesional Telekomunikasi Indonesia completed the acquisition of 1,728 towers of PT XL Axiata Tbk (IDX:EXCL). PT Profesional Telekomunikasi Indonesia agreed to acquire 1,728 towers of PT XL Axiata Tbk (IDX:EXCL) for approximately IDR 2.2 trillion on February 7, 2020. The consideration will be paid in cash, derived from a combination of PT Profesional Telekomunikasi Indonesia’s cash on hand and additional new debt. The transaction is subject to approval of third parties, corporate approval of PT XL Axiata, and PT Profesional Telekomunikasi Indonesia. The transaction is expected to close by June 30, 2020. Gerard A. Hekker of Duane Morris LLP and Makes & Partners acted as legal advisors and Redpeak Advisers Pte. Ltd. acted as financial advisor to PT Profesional Telekomunikasi Indonesia. Proceeds from the divestment will be used to reduce debt.
PT Profesional Telekomunikasi Indonesia completed the acquisition of 1,728 towers of PT XL Axiata Tbk (IDX:EXCL) on March 31, 2020. 
