M1 Annual Report 2007

Operating Revenue and Service Revenue

Net Profit after Tax

EPS and Free Cash Flow Per Share

EBITDA

Cash Flow & Capital Expenditure

Cash Return Per Share (declared)

		2007	2006	Change (%)

Operating revenue (S$m)		803.3	773.0	3.9
	Mobile telecommunications services	600.1	568.9	5.5
	International call services	127.1	114.0	11.5
	Others	-	0.7	(100.0)
	Handset sales	76.1	89.4	(14.9)

EBITDA		320.7	331.7	(3.3)

Net profit after tax		171.8	164.6	4.4

Per share (cents)
	Earnings	18.5	16.6	11.4
	Regular payout (declared)	15.4	13.3	15.8
	Net assets	22.6	38.6	(41.5)

ROE (%)		58.8	38.9	-

ROCE (%)		32.2	26.0	-

Note: Figures may not add up due to rounding off

Operating Highlights

		2007	2006	Change (%)

Number of mobile customers (‘000)
	Postpaid	856	809	5.8
	Prepaid	679	528	28.6
	Total	1,535	1,337	14.8

Market share* (%)
	Postpaid	28.4	28.4	-
	Prepaid	26.1	29.5	-
	Overall	27.3	28.8	-

Singapore mobile penetration rate* (%)		122.5	103.4	-

Average revenue per user (ARPU, S$ per month)
	Postpaid (exclude Data plan)	61.9	60.2	2.8
	Data Plan	31.7	34.7	(8.6)
	PrepaidPrepaid	17.6	19.1	(7.9)

Non-voice services as contribution to service revenue (%)		21.6	19.1	-

Minutes of use per active customer (MOU, minutes per month)
	Postpaid	361	347	4.0
	Prepaid	175	145	20.7

Total international retail minutes (million)		310	206	50.5

Average monthly churn rate (%)		1.2	1.5	-

Average gross acquisition cost per gross connection		190	140	35.7
Average gross retention cost per customer		132	118	11.9

* Based on IDA statistics as at December 2007