Jakarta, 20 May 2020 – The Telin Annual General Meeting (AGM) for the 2019 Financial Year (FY), themed "Profitability through Innovation, Digital & Enterprise Business Acceleration for Sustainable Value", was held on Wednesday, May 20th 2020 over Zoom due to the COVID-19 pandemic. There were 5 (five) agendas namely Approval of the Annual Report for the 2019 Financial Year; Utilization of Net Profit for the 2019 Financial Year; Appointment of Public Accountant Office for Financial Statements for the 2020 Financial Year; Remuneration for the 2020 Financial Year and Tantiem for the 2019 Financial Year for the Board of Directors and Board of Commissioners; and the composition of the Board of Directors and/ or Board of Commissioners of the Company.
The AGM was attended by Finance Director of Telkom Harry M. Zen as the authorized representative of PT. Telkom Indonesia, Tbk (“Telkom”) the majority shareholders and Nizar Hamid as the authorized representative of Dharma Syahputra who owns 1 share, Telin’s Board of Commissioners namely Edwin Aristiawan as President Commissioner, Priyono as Commissioner, and Telin’s Board of Directors consisting of President Director – Sukardi Silalahi, Director of Technology (CTO) - Nanang Hendarno, Director of Commercial - Budi Satria Dharma Purba, Director of Finance and Business Partner - Leonardus Wahyu Wasono. In addition, Shella Falianti was present as the Notary and various Senior Leaders from Telkom and Telin also attended.
In the first agenda, Sukardi Silalahi described Telin’s performance, showcasing improved financial performance growth which was achieved through improved quality of products and services, cost leadership and tax management. In 2019, Telin’s revenue grew 24 % to reach IDR 7,506 billion and EBITDA grew 5% to IDR 904 billion for the EBITDA, while Net Income grew 159% to IDR 187 billion. Telin successfully left behind its Red Alert status and maintained the performance of its subsidiaries through a combination of business growth and profitability.
In addition, Telin's success in 2019 was achieved through ongoing transformation and innovation, as follows:
- Organizational transformation from a traditional hierarchical organization to a matrix and virtual organization succeeded in increasing employee productivity by 17.45% to Rp 12.92 billion per employee.
- Cultural transformation with the launch of the Employee Value Propositions (EVP) program to reinforce implementation of the Telin Way have succeeded in increasing employee engagement by 2.95% from 72.75 to 74.90.
- People transformation has increased EBITDA or each employee by 6.4%, from Rp 1.56 billion to Rp 1.66 billion per employee and the number of employee certifications has increased 4.75% from 358 certifications in 2018 to 375 certifications in 2019.
- IT transformation by changing IT development strategies from a Business Support function to Business Enabler.
The new composition of the Board of Commissioners and Board of Directors is as follows:
President Commissioner : Edwin Aristiawan
Commissioner : Priyono
Commissioner : Jimmi Adiguna Kembaren
President Director : Sukardi Silalahi
Director : Leonardus Wahyu Wasono Miharjo
Director : Nanang Hendarno
Director : Budi Satria Dharma Purba
