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Communications

Total Access Communication Public Co., Ltd.

Company Background

Total Access Communication is Thailand's second-largest mobile service provider with a market share of approximately 30%, operating under the "Dtac" brand. The company was founded by Thai tycoon Boonchai Bencharongkul in 1989 but has become a local arm of Norway's state-owned telecom giant Telenor.

Through its Singapore-based subsidiary, Telenor holds a direct shareholding of over 40%. Boonchai is the company chairman, but the Bencharongkul family, ranked as Thailand's 17th richest by Forbes, is now a minor shareholder. Operations are managed by executives from Telenor. In September 2014, Jon Eddy Abdullah, who had been Dtac's CEO since 2011 and Telenor Pakistan's CEO before that, suddenly stepped down. Vice Chairman Sigve Brekke, who also heads Telenor's Asia operations, is serving as interim CEO until a replacement is appointed. Brekke was Dtac's CEO from 2005 to 2008. Prior to joining Telenor in 1999, he served as Norway's deputy minister (state secretary) of defense from 1993 to 1996.

Dtac listed on the Singapore Stock Exchange in 1995 and on the Stock Exchange of Thailand in 2007. It became the first dual listing company in Thailand but delisted from Singapore in September 2014, citing thin trading.

Business Summary

Total Access Communication Public Co., Ltd. engages in the provision of wireless telecommunication services. Its products include prepaid and postpaid packages, aircards, handsets, and accessories. It operates through the Mobile telephone service and related services; and Sales of handsets and starter kits segments. The company was founded in August 1989 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2018 THBUSD
Revenue72,987.73M2,257.77M
Gross Profit15,043.39M465.34M
Operating income-5,008.46M-154.93M
Income before tax-5,787.07M-179.01M
Net income-4,368.69M-135.13M
EBITDA20,052.98M620.31M
Diluted EPS-1.84-0.05
Dividends Per Share1.010.03
Total Assets151,005.76M4,637.76M
Total liabilities129,076.08M3,964.25M
Total equity21,929.05M673.49M
Operating cash flow18,256.03M564.72M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 90,414.60M 87,269.49M 81,433.19M 77,456.48M 72,987.73M
Gross Profit 28,007.66M 23,828.04M 19,689.54M 17,210.86M 15,043.39M
Operating income 14,168.13M 8,339.87M 3,835.70M 3,437.46M -5,008.46M
Income before tax 13,268.68M 7,441.04M 2,581.52M 2,339.78M -5,787.07M
Net income 10,728.74M 5,893.11M 2,085.83M 2,114.97M -4,368.69M
EBITDA 30,776.74M 27,113.46M 26,972.78M 29,935.72M 20,052.98M
Diluted EPS 4.53 2.49 0.88 0.89 -1.84
Dividends Per Share 6.91 2.93 0.42 0.24 1.01
Total Assets 106,426.10M 110,965.41M 115,378.97M 114,500.58M 151,005.76M
Total liabilities 73,827.67M 83,741.83M 88,233.78M 85,265.67M 129,076.08M
Total equity 32,591.32M 27,221.45M 27,144.44M 29,234.29M 21,929.05M
Operating cash flow 28,370.66M 24,775.83M 26,631.24M 27,335.05M 18,256.03M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 2,783.39M 2,546.33M 2,308.15M 2,282.59M 2,257.77M
Gross Profit 862.21M 695.24M 558.08M 507.19M 465.34M
Operating income 436.16M 243.33M 108.71M 101.30M -154.93M
Income before tax 408.47M 217.11M 73.17M 68.95M -179.01M
Net income 330.28M 171.94M 59.12M 62.32M -135.13M
EBITDA 947.45M 791.11M 764.52M 882.18M 620.31M
Diluted EPS 0.13 0.07 0.02 0.02 -0.05
Dividends Per Share 0.21 0.08 0.01 0.00 0.03
Total Assets 3,234.83M 3,083.65M 3,221.93M 3,513.36M 4,637.76M
Total liabilities 2,244.00M 2,327.13M 2,463.90M 2,616.31M 3,964.25M
Total equity 990.61M 756.46M 758.00M 897.03M 673.49M
Operating cash flow 873.38M 722.90M 754.84M 805.54M 564.72M

Valuation Measures

Dec 2018
PER--
ROA-3.29%
ROE-17.07%
Operating margin-6.86%
Profit margin-5.98%

Key executives

  • Chief Executive Officer & Director: Alexandra Reich
  • Chief Financial Officer: Dilip Pal
  • Chief Technology Officer: Prathet Tankuranun
  • Chief Digital Officer: Andrew Tor Oddvar Kvaalseth
  • Chief Corporate Affairs Officer: Rajiv Bawa

Shareholders

  • Telenor ASA (42.6%)
  • Thai Telco Holdings Co Ltd. (22.4%)
  • Government of Thailand (5.5%)
  • Norges Bank Investment Management (2.4%)
  • Social Security Office of Thailand (2.3%)
  • The Vanguard Group, Inc. (0.9%)
  • Krungsri Asset Management Co., Ltd. (0.8%)
  • Dimensional Fund Advisors LP (0.5%)
  • CHUTICHETPONG VERAVAT (0.5%)
  • BTS Group Holdings Public Co. Ltd. (0.4%)

Contact Details

  • Website:http://www.dtac.co.th
  • Address: 319 Phayathai Road, 24-41 Fl., Chamchuri Square Building, Bangkok, 10330, Thailand
  • Phone: +66.2.202.8000

Related Companies

  • DTAC Broadband Co. Ltd.
  • DTAC Internet Service Co. Ltd.
  • DTAC Network Co. Ltd.
  • WorldPage Co. Ltd.
  • TAC Finance Co. BV
  • United Communication Industry Public Co. Ltd.

Competitors

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