ENRICHING LIVES EXPANDING HORIZONS - Maxis

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50 Business Review CHAIRMAN’S STATEMENT DEAR SHAREHOLDERS, I AM PLEASED TO REPORT THAT MAXIS HAD ANOTHER SUCCESSFUL YEAR IN 2011. WE TURNED IN A STEADY FINANCIAL PERFORMANCE AND MADE SIGNIFICANT STRIDES TOWARDS BECOMING THE LEADING INTEGRATED COMMUNICATIONS SERVICE PROVIDER IN MALAYSIA.
MAXIS BERHAD ANNUAL REPORT 2011 51 Importantly, we took major steps to increase customer satisfaction, create new innovative services and revenue streams to ensure our long-term growth and success. This would not have been possible without the ability and dedication of our people and I would like to thank every member of the staff for their contributions and commitment ment in what has been a very challenging year. Steady Financial Performance and Dividends <strong>Maxis</strong>’ principal business is providing telecommunications services. In the year under review, its main activities were in providing mobile, enterprise fixed, international gateway and home services. Our total revenue for the year stood at RM8.8 billion with comparable revenue (excluding international gateway services) growing 2.1% year-on-year. <strong>Maxis</strong> delivered an outstanding EBITDA margin at 50.3%, among the highest globally; while maintaining leadership position with 39.0% revenue market share among the top three mobile operators in Malaysia. Profit for the year was RM2.5 billion, including recognition of the RM352 million last-mile broadband tax incentive. Raja Tan Sri Dato’ Seri Arshad bin Raja Tun Uda Chairman The Board of Directors is pleased to recommend for shareholders’ approval at the forthcoming Annual General Meeting a single-tier tax-exempt final dividend of 8.0 sen per share in respect of the financial year ended 31 December 2011. The four interim dividends paid and the recommended final dividend will bring the total dividend for 2011 to 40.0 sen per share. If approved, the Company would have declared and delivered a total of 95.0 sen per share in cumulative dividends since the IPO, amounting to a net payout of RM7.1 billion to shareholders. The Company has proposed to adopt a dividend policy that seeks to pay out no less than 75% of consolidated net profit for each financial year provided such distribution would not be detrimental to its cash needs. Notwithstanding this, the payout ratios for 2010 and 2011 were 131% and 119% respectively. The Company will continue to adopt a progressive dividend policy through active capital management.
Page 1 and 2: ENRICHING LIVES EXPANDING HORIZONS
Page 3 and 4: CONTENTS Introduction 2 Our Company
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Page 89 and 90: • ALIGNED TO CORPORATE STRATEGY A
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100 Financial Statements DIRECTORS
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106 Financial Statements INCOME STA
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108 Financial Statements STATEMENTS
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116 Financial Statements NOTES TO T
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198 Financial Statements STATEMENT
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200 Financial Statements INDEPENDEN
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202 SMALL SHOP, BIG DREAMS In busin
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204 Corporate Governance AUDIT COMM
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212 Corporate Governance STATEMENT
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228 OUT OF TOWN NEVER OUT OF TOUCH
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236 Corporate Governance RISK MANAG
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238 Corporate Governance RISK MANAG
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240 Corporate Governance ETHICAL BU
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242 Analysis of Shareholdings DISTR
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244 Analysis of Shareholdings 30 LA
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246 Analysis of Shareholdings INFOR
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248 Other Information LIST OF PROPE
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250 Other Information DISCLOSURE OF
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280 Other Information MATERIAL CONT
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286 Other Information GLOSSARY 2G S
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288 Other Information GLOSSARY Cont
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290 MAXIS EXCLUSIVE PARTNERS CENTRA
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302 Annual General Meeting NOTICE O
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NOTES
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fold here STAMP Maxis Berhad (86757
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fold here STAMP Maxis Berhad (86757
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ENRICHING LIVES EXPANDING HORIZONS - Maxis

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