Page 6 - XL Axiata Integrated Anual Report 2020 ENG

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2020 Integrated Annual Report
Continuing Creating
Our Growth Driver in 2020
FINANCIAL VALUES
Strong performance despite COVID-19
challenges. XL Axiata was able to maintain Strong #2 Operator in Indonesia.
Net Debt to EBITDA Ratio decreased
from 1.1x to 0.5x.
Backed by sound financial position, XL Axiata managed to reduce its debt ratio. In 2020, total gross debt decreased by 27% from Rp12.8 trillion to Rp9.3 trillion. Moreover, total net debt also decreased by 43% from Rp11.2 trillion to Rp6.3 trillion.
Stable credit outlook
Fitch Rating affirmed its Long-Term National Credit Rating of AAA (idn) in 2020.
INTELLECTUAL VALUES
• The increasing demand for data due to work and school from home has accelerated the digitalization of the way of life in Indonesia. This is an opportunity for XL Axiata to play its role as an enabler
• Both of the Company’s main brands, XL and Axis, continue to resonate well within their respective target segments, and the launch
Market capitalization valued at
Rp29.23 trillion
Net Debt to Equity Ratio of 0.3x
No US Dollar denominated debt as of 2020.
Recognized as the Top 10 Publicly
Listed Companies
with the highest ASEAN Asset Class (score 97.5 and above) based on OJK’s report on the implementation of ACGS 2019.
Received “Excellent in Brand Among Iconomics Emiten Award 2020”
in the infrastructure sector in Iconomics Emiten Award 2020. The award recognized companies that managed to perform well during the pandemic.
of the Company’s new digital brand Live.On will enable the company to cater to the more digital-savvy customers.
• XL Axiata’s new growth drivers, Enterprise and Home, performed well in 2020 with an accelerating demand for data
PT. XL AXIATA TBK TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION