Maxis Berhad | Annual Report 2013

OVERVIEW OUR BUSINESS STRATEGIC REVIEW CORPORATE GOVERNANCE FINANCIAL STATEMENTS Maxis Berhad Annual Report 2013 OTHER INFORMATION 3 FINANCIAL HIGHLIGHTS 2012-2013 YOY 2013 2012 2011 CHANGE FINANCIAL RESULTS FINANCIAL INDICATORS (RM’m) Revenue 9,084 8,967 8,800 1.3% EBITDA 4,310 4,359 4,423 (1.1%) Normalised EBITDA (1) 4,522 4,359 4,423 3.7% Profit from operations 2,825 2,864 3,232 (1.4%) PBT (“Profit Before Tax”) 2,496 2,576 3,004 (3.1%) PAT 1,772 1,860 2,531 (4.7%) Normalised PAT (2) 2,097 2,049 2,192 2.3% Profit attributable to equity holders of the Company 1,765 1,856 2,527 (4.9%) FINANCIAL RATIOS EBITDA margin (%) 47.4% 48.6% 50.3% Normalised EBITDA margin (%) 49.8% 48.6% 50.3% PBT margin (%) 27.5% 28.7% 34.1% PAT margin (%) 19.5% 20.7% 28.8% Normalised PAT margin (%) 23.1% 22.9% 24.9% Interest cover ratio 7.9 8.4 12.1 Earnings per share (sen) - basic 23.5 24.7 33.7 - fully diluted 23.5 24.7 33.7 Dividends per share (sen) (3) 40.0 40.0 40.0 FINANCIAL POSITIONS FINANCIAL INDICATORS (RM’m) Equity attributable to equity holders of the Company 6,002 7,049 8,084 Total assets 17,330 17,802 17,991 Total borrowings 7,525 7,312 6,331 FINANCIAL RATIOS Return on Invested Capital (%) 16.1% 15.9% 20.5% Return on Average Equity (%) 27.1% 24.5% 30.2% Return on Average Assets (%) 12.0% 12.2% 15.4% Gearing ratio 1.12 0.90 0.68 Net assets per share (RM) 0.80 0.94 1.08 Notes : (1) In Year 2013, excludes one-off items of RM212 million comprising (i) Career Transition Scheme (“CTS”) costs of RM143 million; (ii) provision for contract obligations of RM65 million; and (iii) write down of Home assets of RM4 million (2) Exclude one-off items (after tax effect) for the following years: (a) Year 2013 - RM325 million comprising (i) CTS costs of RM107 million; (ii) provision for contract obligations of RM49 million; (iii) write down of assets of RM65 million; and (iv) accelerated depreciation of RM104 million (b)Year 2012 - RM189 million comprising (i) accelerated depreciation of RM121 million; and (ii) write down of assets of RM100 million, offset by last mile broadband tax incentive of RM32 million (c) Year 2011 - RM339 million comprising last mile broadband tax incentive of RM352 million offset by accelerated depreciation of RM13 million (3) Dividends per share consist of interim and final dividends declared and proposed in respect of the designated financial years.