Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q1 2021 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, 2021
Slide 1: Dialog Axiata PLC Q1 2021 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q1 2021 Results an axiata company
Slide 2: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 2
Slide 3: Dialog Group Performance Highlights – Q1 2021
DIALOG GROUP PERFORMANCE HIGHLIGHTS – Q1 2021 Stable Performance During the Quarter; PATAMI Impacted by Forex Losses Capex Investments Directed to All Key Business Segments Aggressive Subscriber Fulfil Growing Demand for Delivered Strong Growth QoQ YoY Data and Digitisation Initiatives Performance i
Slide 4: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn 1Q 21 QoQ YoY Revenue 32,850 +2% +12% EBITDA 13,655 -5% +12% PATAMI 2,448 -29% +64% OFCF 10,370 >+100% +14% EBITDA Margin 41.6% -2.9pp 0.0pp PATAMI Margin 7.5% -3.2pp +2.4pp ROIC 17.1% +4.5pp +4.8pp Normalised for Forex PATAMI 1 4,554 +21% +47% 1 2 3 NPAT impacted by th
Slide 5: Group Revenue
GROUP REVENUE Strong Revenue Performance YoY; Revenue growth moderated to 2% QoQ +12% +2% 32,247 32,850 34, 000 32, 000 29,250 30, 000 28, 000 26, 000 24, 000 22, 000 20, 000 Q1 20 Q4 20 Q1 21 Mobile Revenue Increased 3% YoY supported by growth in both Voice and Data revenues International Revenue w
Slide 6: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI YoY EBITDA Expansion Driven by Revenue Performance; QoQ YoY PATAMI Growth Driven by Expanding EBITDA; QoQ PATAMI Decline EBITDA Decline Underpinned by Rise in Network Related Owing to Forex Losses while Forex Norm. PATAMI up 21% Contributed by Expenses one-off Depreciation of
Slide 7: Total Cost to Revenue Ratio Stable YoY for Q1 2021
TOTAL COST TO REVENUE RATIO STABLE YOY FOR Q1 2021 Q1 21 As % of Q4 20 As % of Q1 20 As % of QoQ YoY revenue revenue revenue Total Cost Rs19,196Mn 58.4% Rs17,901Mn 55.5% Rs17,108Mn 58.5% +2.9pp -0.1pp Direct Expenses 28.1% 25.4% 26.1% +2.7pp +2.0pp Sales & Marketing 8.5% 8.1% 9.1% +0.4pp -0.6pp Netw
Slide 8: Capex Investments Mainly Directed Towards Mobile and Fixed Data Network Upgrades
CAPEX INVESTMENTS MAINLY DIRECTED TOWRADS MOBILE AND FIXED DATA NETWORK UPGRADES Capex Intensity at 7% for Q1 2021; OFCF Reach Rs10.4Bn for the Quarter up 14% YoY Capex Investments Directed Towards Expanding Data Network; Mobile 4G and Fixed LTE Population Coverage Reached 94% and 70% +24% (Rs Mn) -
Slide 9: Dialog Group Maintains a Strong Balance Sheet with Low Gearing
DIALOG GROUP MAINTAINS A STRONG BALANCE SHEET WITH LOW GEARING (Rs Mn) 31 Mar 21 31 Dec 20 31 Mar 20 Gross Debt 39,027 37,852 45,052 Net Debt 22,880 23,766 39,425 Cash and Cash Equivalents 16,146 14,086 5,628 Gross Debt / Equity (x) 0.46 0.46 0.59 Gross Debt/ EBITDA (x) 0.71 0.74 0.93 Net Debt/ EBIT
Slide 10: Dialog Axiata PLC - Company Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 10
Slide 11: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Revenue records 6% YoY Growth While EBITDA and PAT (Forex Norm.) Outpace Revenue Growth ARPU Impacted QoQ due to Lower Contribution from Data Revenue; Revenue Recorded Positive Growth on YoY and QoQ Basis MOU’s Remaining Stable QoQ 500 20% (Rs Mn) +6% 380 450 349 384 377
Slide 12: Subsidiary Performance – Dialog Broadband and Dialog TV
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 12
Slide 13: Dialog Television
DIALOG TELEVISION Revenue Record Strong Recovery While Profitability Impacted by Forex Losses Revenue Recovery Gained Momentum on both QoQ and YoY basis The Marginal Decline in Subscribers QoQ Driven by Driven by Rise in Subscription Revenue Affordability Challenges Total subs growth -1% QoQ; +8% Yo
Slide 14: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Continues to Deliver Strong Growth on both Top and Bottom Lines on YoY Basis Strong Revenue Growth YoY Underpinned by Both Fixed and YoY Profitability Improvement Stemming from Strong Revenue International Revenue Growth; QoQ Revenue Performance Driven Growth, Lower Depreci
Slide 15: Thank you
Thank you For further information Contact : Investor relations Team, Dialog Axiata PLC Mobile : +94 777332052 Email : ir@dialog.lk Web site : www.dialog.lk 15