Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q4 2019 Earnings Presentation
14 slides from Dialog Axiata's earnings presentation, 2020
Slide 1: Dialog Axiata PLC Q4 2019 / FY 2019 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q4 2019 / FY 2019 Results an axiata company
Slide 2: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 2 2
Slide 3: Group Performance Highlights – Q4 2019 / FY 2019
Dialog Group Performance Highlights – Q4 2019 / FY 2019 All Reported Key Profitability Indicators Record Growth Capex Investments Directed All Key Business Aggressive Subscriber to Fulfil Growing Demand Segments Delivered Growth YTD QoQ YoY for Data and Digitisation Strong Performance Initiatives Re
Slide 4: Group Financial Summary
Group Financial Summary Rs Mn FY 2019 YTD 4Q 19 QoQ YoY Revenue 116,827 +7% 29,665 +2% +4% EBITDA 46,703 +7% 11,657 -2% +1% PAT 10,776 +44% 2,428 +65% >+100% EBITDA Margin 40.0% +0.1pp 39.3% -1.7pp -1.0pp PAT Margin 9.2% +2.4pp 8.2% +3.1pp +7.9pp ROIC 12.0% -2.7pp 12.0% -0.6pp -2.7pp Normalised Perf
Slide 5: Group Revenue Records Positive Growth for FY 2019
Group Revenue Records Positive Growth for FY 2019 and Resumed Growth Trajectory on a QoQ basis Despite Competitive Pressures Positive Revenue Performance YTD and YoY; Revenue Resumes Growth on QoQ Basis +7% +4% +2% 140,000 116,827 120,000 109,157 100,000 80,000 60,000 28,516 29,059 29,665 40,000 20,
Slide 6: Group Profitability Improvement Supported by Revenue Growth
Group Profitability Improvement Supported by Revenue Growth and Further Augmented via Cost Rescaling Focus and Favourable Forex Movement FY 2019 EBITDA Improvement Driven by Top Line Norm. for forex FY 2019 PAT impacted by Higher Performance and Realization of Cost Savings Depreciation and Finance C
Slide 7: Focused Capex Investments to Support Capacity Upgrades
Focused Capex Investments to Support Mobile/Fixed Broadband Capacity Upgrades Capex Intensity at 24% for FY 2019… OFCF Increased to 12.2Bn YTD Capex Investments Directed Towards Expanding Data Network; Mobile 4G and Fixed LTE PoP Coverage Reached 93% and 68% Respectively -6% +19% (Rs Mn) >+100% 30,5
Slide 8: Group's Net Debt to EBITDA Remained Healthy at 0.86x
Group’s Net Debt to EBITDA Remained Healthy at 0.86x (Rs Mn) 31 Dec 19 30 Sep 19 31 Dec 18 Gross Debt 44,876 46,327 46,391 Net Debt 39,986 36,855 39,681 Cash and Cash Equivalents 4,890 9,472 6,710 Gross Debt / Equity (x) 0.60 0.64 0.69 Gross Debt/ EBITDA (x) 0.96 0.99 1.07 Net Debt/ EBITDA (x) 0.86
Slide 9: Proposed Dividend Per Share 53c
Proposed Dividend Per Share 53c - Dividend Yield of 4.3%, TSR of 26.1% for FY 2019 Dividend Per Share increased from 37 cents in FY 2018 to 53 cents in FY 2019 ▪ The Board of Directors of Dialog Axiata PLC resolved to propose a cash dividend to ordinary shareholders of Fifty Three Cents (Rs0.53) per
Slide 10: Dialog Axiata PLC - Company Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 10 10
Slide 11: Dialog Axiata PLC (Company) Performance
Dialog Axiata PLC (Company) : Dialog Profitability Continues to Grow; EBITDA +17% and PAT >+100 for FY 2019 Despite Aggressive Price Pressure on Voice and Data Revenue Decline due to Core Revenue Challenges and Significant Improvement in MOUs (post re-statement); Contraction in Wholesale Revenue ARP
Slide 12: Subsidiary Performance – Dialog Broadband and Dialog TV
Dialog Axiata Group Performance Dialog Axiata Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 12 11 12
Slide 13: Dialog Television
Dialog Television Continues to Capture Market Share while Strong Cost Focus Helping Reduce Losses Subscriber Growth and Rental Revision in Q4 18 Driving Subscriber Growth led by Prepaid and Postpaid Overall YTD Top Line Performance with Improved Churn Management Drives Total subs growth +8% QoQ; +25
Slide 14: Dialog Broadband Networks – Fixed Business
Dialog Broadband Networks – Fixed Business Fixed Business Continuing to Deliver Positive EBITDA and PAT Strong Revenue Growth Supported by Int. Wholesale Business; Fixed Revenue up 7% YTD and 3% QoQ (Rs Mn) +64% | Fixed (+7%) | Int. (>+100%) +36% | Fixed (+2%) | Int. (>+100%) +4% | Fixed (+3%) | Int