QUARTER 1 BUSINESS PERFORMANCE REPORT Presentation
Description: QUARTER 1 BUSINESS PERFORMANCE REPORT Presentation to the Portfolio Committee on Telecommunication and Postal Services 20 February 2018 Overview of performance against corporate KPIs Financial Performance Product and Network Performance
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slide1. QUARTER 1 BUSINESS PERFORMANCE REPORT
Presentation to the Portfolio Committee on Telecommunication and Postal Services
20 February 2018<br>
slide2. Overview of performance against corporate KPIs
Financial Performance
Product and Network Performance
Governance
Internal Audit
Risk Management
Our people
Enterprise Development
Conclusion INTRODUCTION<br>
slide3. Performance against corporate KPIs<br>
slide4. Performance against corporate KPIs Performance against the 9 KPIs relevant for Quarter 1 indicates that 7 have been
achieved as summarized below:<br>
slide5. Performance against corporate KPIs In the Corporate Plan, this KPI was read as “ 550 DTT national field sites installed”, however, it should read, “Develop project plan viewer measurement plan” for Quarter 1.<br>
slide6. Performance against corporate KPIs<br>
slide7. Performance against corporate KPIs<br>
slide8. Performance against corporate KPIs<br>
slide9. Financial Performance<br>
slide10. Financial Performance
Q1 June 2017<br>
slide11. Financial Performance
Revenue Per Service<br>
slide12. Product and Network Performance<br>
slide13. Product and Network Performance<br>
slide14. Product and Network Performance<br>
slide15. Governance<br>
slide16. Governance PFMA Compliance matters
The Fourth Quarter Business Performance Report for the 2016/17 financial year was submitted to the Executive Authority on 28 April 2017.
SENTECH presented to Parliament its Strategic and Annual Performance Plan (APP) on 2 May 2017.
The 2016/17 Annual Financial Statements and Draft Integrated Report were submitted to the Executive Authority, National Treasury and External Auditors on 31 May 2017.
Board and Board Committee meetings were held as scheduled.
The employment contract of the COO expired on 30 June 2017.
Director Radebe tendered his resignation on 5 June 2017<br>
slide17. Internal Audit<br>
slide18. Internal Audit The table below, summarizes the Internal Audit Functions progress against the 2017/18 Revised IA Plan relevant to Quarter 1. * In this case, inputs were provided into the Combined Assurance Report Prepared by Risk Progress against Approved Ad-Hoc- Projects
The table below summarizes the IAF’s progress against all approved ad-hoc project requests during the Quarter:<br>
slide19. Risk Management<br>
slide20. Risk Management The below tables details the risk mitigation action carried out by management for Quarter 1 against the planned risk mitigation activities for high risks:
Strategic Risks<br>
slide21. Risk Management The below tables details the risk mitigation action carried out by management for Quarter 1 against the planned risk mitigation activities:
Strategic Risks continued<br>
slide22. Risk Management Operational Risks: Operational risk assessments were conducted with all business units against operational objectives. The risk registers have been analyzed and condensed into the risk themes, namely, skills capacity, regulatory, revenue sustainability and customer related.<br>
slide23. Risk Management Operational Risks: Operational risk assessments were conducted with all business units against operational objectives. The risk registers have been analyzed and condensed into the risk themes, namely, skills capacity, regulatory, revenue sustainability and customer related.<br>
slide24. Our People<br>
slide25. Our People<br>
slide26. Enterprise Development<br>
slide27. Conclusion Performance against KPIs for Quarter 1 indicates a good performance.
The company achieved above average profitability (EBIT and net profit).
Finance income also was above budget, however, both total revenue and continuing business revenue missed set targets slightly.
Total expenditure was below budget.
Product performance was within budget for majority of products except connectivity services.
Overall average network availability performed well.
SENTECH continued to implement and maintain good governance, risk management, internal audit and human capital management.
Management will intensify efforts to grow revenue by executing business development strategies and leveraging on existing businesses.<br>
slide28. Thank You!<br>
Presentation to the Portfolio Committee on Telecommunication and Postal Services
20 February 2018<br>
slide2. Overview of performance against corporate KPIs
Financial Performance
Product and Network Performance
Governance
Internal Audit
Risk Management
Our people
Enterprise Development
Conclusion INTRODUCTION<br>
slide3. Performance against corporate KPIs<br>
slide4. Performance against corporate KPIs Performance against the 9 KPIs relevant for Quarter 1 indicates that 7 have been
achieved as summarized below:<br>
slide5. Performance against corporate KPIs In the Corporate Plan, this KPI was read as “ 550 DTT national field sites installed”, however, it should read, “Develop project plan viewer measurement plan” for Quarter 1.<br>
slide6. Performance against corporate KPIs<br>
slide7. Performance against corporate KPIs<br>
slide8. Performance against corporate KPIs<br>
slide9. Financial Performance<br>
slide10. Financial Performance
Q1 June 2017<br>
slide11. Financial Performance
Revenue Per Service<br>
slide12. Product and Network Performance<br>
slide13. Product and Network Performance<br>
slide14. Product and Network Performance<br>
slide15. Governance<br>
slide16. Governance PFMA Compliance matters
The Fourth Quarter Business Performance Report for the 2016/17 financial year was submitted to the Executive Authority on 28 April 2017.
SENTECH presented to Parliament its Strategic and Annual Performance Plan (APP) on 2 May 2017.
The 2016/17 Annual Financial Statements and Draft Integrated Report were submitted to the Executive Authority, National Treasury and External Auditors on 31 May 2017.
Board and Board Committee meetings were held as scheduled.
The employment contract of the COO expired on 30 June 2017.
Director Radebe tendered his resignation on 5 June 2017<br>
slide17. Internal Audit<br>
slide18. Internal Audit The table below, summarizes the Internal Audit Functions progress against the 2017/18 Revised IA Plan relevant to Quarter 1. * In this case, inputs were provided into the Combined Assurance Report Prepared by Risk Progress against Approved Ad-Hoc- Projects
The table below summarizes the IAF’s progress against all approved ad-hoc project requests during the Quarter:<br>
slide19. Risk Management<br>
slide20. Risk Management The below tables details the risk mitigation action carried out by management for Quarter 1 against the planned risk mitigation activities for high risks:
Strategic Risks<br>
slide21. Risk Management The below tables details the risk mitigation action carried out by management for Quarter 1 against the planned risk mitigation activities:
Strategic Risks continued<br>
slide22. Risk Management Operational Risks: Operational risk assessments were conducted with all business units against operational objectives. The risk registers have been analyzed and condensed into the risk themes, namely, skills capacity, regulatory, revenue sustainability and customer related.<br>
slide23. Risk Management Operational Risks: Operational risk assessments were conducted with all business units against operational objectives. The risk registers have been analyzed and condensed into the risk themes, namely, skills capacity, regulatory, revenue sustainability and customer related.<br>
slide24. Our People<br>
slide25. Our People<br>
slide26. Enterprise Development<br>
slide27. Conclusion Performance against KPIs for Quarter 1 indicates a good performance.
The company achieved above average profitability (EBIT and net profit).
Finance income also was above budget, however, both total revenue and continuing business revenue missed set targets slightly.
Total expenditure was below budget.
Product performance was within budget for majority of products except connectivity services.
Overall average network availability performed well.
SENTECH continued to implement and maintain good governance, risk management, internal audit and human capital management.
Management will intensify efforts to grow revenue by executing business development strategies and leveraging on existing businesses.<br>
slide28. Thank You!<br>