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Results

MAXIS 2021 YEAR IN REVIEW VIDEO

Chairman’s Statement

TAN SRI MOKHZANI BIN MAHATHIR
Chairman

Chairman’s Statement

Dear Stakeholders,

This is my inaugural Chairman’s Statement to shareholders since appointment in 2021 and I am pleased to report that the Maxis Group has made good progress in delivering the strategy and outlook set out to shareholders.

Revenue

RM 9,203

million

Dividend

RM 0.17

Total Dividend

RM 1.33

billion

CEO’s Statement

GOKHAN OGUT
CEO

CEO’s Statement

Dear Stakeholders,

As a proud homegrown Malaysian brand, Maxis has always been committed to the country’s digital ambitions through our leading converged network.

Service Revenue

RM 7,980

million

Profit After Tax

RM 1,308

million

Operating Free Cash Flow

RM 3,906

million

Management Discussion & Analysis

Value Creation Model

Utilising our business capitals to create sustainable value for our business and stakeholders
  • Financial Capital
  • Manufactured Capital
  • Intellectual Capital
  • Human Capital
  • Social and Relationship Capital
  • Natural Capital

OUR STRATEGY

Outputs    
  • Financial Capital
  • Manufactured Capital
  • Intellectual Capital
  • Human Capital
  • Social and Relationship Capital
  • Natural Capital

Our Inputs

Financial Capital
  • RM1.2 billion total capex invested in line with our growth strategy
  • Focused on working capital initiatives
Manufactured Capital
  • More than 60 new sites and more than 3,000 sites upgrades for 4G
  • 93% 4G LTE population coverage
  • More than 400 Maxis center and 4,500 Hotlink stores
  • Expanded Maxis’ fibre footprint to over 21,000 km covering over 5.5 million homes and commercial premises
Intellectual Capital
  • Skilled technical and expert teams in all fields
  • Rights, licenses and partnerships for Consumer and Enterprise solutions
  • Big data and analytics
  • Refreshed and refined leadership team to support convergence ambition

Human Capital
  • More than 5,500 Maxis colleagues serving the nation
  • MaxisWay 2.0 Culture Refresh continued to gain momentum in 2021
  • Equipped workforce with critical business and technology skills online through Maxis Academy
  • Signed the United Nations Women Empowerment Principles (WEPs) and committed towards gender equality, labour rights and human rights standards within the Company
Social & Relationship Capital
  • Customer base of approximately 11 million subscribers
  • Proactive engagements with stakeholders, especially with the government and community on COVID-19 and flood relief initiatives
  • Engaged with regulators (e.g. MCMC) to enhance governance in areas such as service quality, data protection and integrity
  • Certified as Technology Solutions Partner (TSP) with MDEC
Natural Capital
  • Use of on grid solar system as renewable energy to power up Maxis’ servers inside Data and Switch Center
  • Optimised use of energy at base stations by introducing intelligent technology to reduce energy loss
  • Kickstarted usage of full off-grid solar system in rural sites of Peninsular and East Malaysia

Our Outputs

Financial Capital
  • 1.9% increase in Service Revenue to RM7,980 million
  • 2.1% increase in EBITDA RM3,898 million
  • 7.3% increase in OFCF to RM3,906 million
Manufactured Capital
  • Strong +7.5% YoY growth in overall postpaid subscribers
  • Home fibre connections grew by 92K, +20.7% YoY, in 2021
  • Partnered with Malaysia Airports Holdings Berhad and Proton as a preferred technology partner across 5G and digital transformation initiatives
  • Winner of MCMC’s 4G benchmark for 5 consecutive years
Intellectual Capital
  • More than 57% of voice traffic conducted over Voice over LTE (VoLTE) service
  • 62% Maxis App penetration and 73% Hotlink App penetration
  • Strong NPS of +63
  • Growth in Maxis online store traffic with an increase of 38% in unique visitors per month in 2021
  • Growth in e-commerce capabilities and presence with 5x increase in digital sales
  • 7% increase in digital reloads and 5% increase in online payments

Human Capital
  • 44% female representation across all levels
  • 218 employee engagement events conducted
  • Voice of Maxis employee engagement score of 85%
  • More than 135,000 hours of employee blended training conducted
  • Over 160 additional sessions conducted on health and safety
  • More than 5,000 employees and third-party staffs received training for MCOBP and MABC
Social & Relationship Capital
  • Exceeded JENDELA commercial targets
  • Digitalised 20,000 SMEs as of 2021 through the SME Digitalisation Grant
  • Supported more than 50,000 students and 1,000 female entrepreneurs through eKelas and eKelas Usahawan
  • Donated to COVID-19 related community aid programmes as part of RM1 million pledge
  • 21 scholarships awarded to support individuals in their academic aspirations
  • 100% supplier acknowledgement of our MCOBP and MABC
Natural Capital
  • 4% reduction in total emissions
  • Certified having the “First Off Grid Telecommunications Tower Powered by Green Energy (Solar & Wind Turbine)”
  • Average energy consumption of 356,997 MWh per Network site
  • Total 250,653 CO2 tonnes of emissions
  • 85kg of office waste recycled

Our Value Creation Outcomes

Enabling a Digital Nation
  • Our Consumer Products: Delivered winning mobile and home solutions through our accelerated convergence strategy
  • Our Enterprise Solutions: Reinforced position as a trusted technology solutions provider through digitalisation of SMEs and formation of strategic corporate alliances
  • Our Network: Provided connectivity for all through network coverage and service quality with 4G leadership and fibre footprint expansion
Enhancing Customer Experience and Satisfaction
  • Our Customers: Created superior digital experiences for our customers through enhanced digital channels and selfserve capabilities
Empowering Our People and Transforming Our Organisation
  • Our People: Developed a diverse and inclusive workforce with strong employee engagement
  • Our Digital Transformation: Transformed our systems and capabilities to enable growth in our digital and online presence

Caring for Our Community and Environment
  • Our Community: Empowered communities through greater access to digital learning opportunities and fulfilment of our social responsibility
  • Our Environment: Minimised the environmental impact of our operations through reduction in emissions and proactive waste management
Embedding Responsible Business Practices
  • Our Governance: Strengthened our ethical business culture through robust integrity governance and educational programmes
  • Our Supply Chain: Improved supply chain management through responsible procurement practices and effective communication with suppliers
  • Our Cybersecurity: Built a stronger cybersecurity culture and enhanced system resiliency

Key UN SDGs contributed*

*During the year, we have conducted an internal review on the mapping of Maxis’ sustainability matters with the UN SDGs. As we ramped up our sustainability management initiatives, we have direct and indirectly contributed to a total of 12 SDGs. With our increased focus on the ESG, we believe that Maxis’ strategic initiatives under the MAX Plan can have the most meaningful impact on our business and stakeholders.

Sustainability at Maxis

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