Robi Axiata Plc · DSEBD:ROBI
Robi Axiata — Q1 2021 Earnings Presentation
22 slides from Robi Axiata's earnings presentation, Apr 11, 2021
Slide 1: Robi Axiata Limited Q1 2021 Results
Robi Axiata Limited Q1 2021 Results Mahtab Uddin Ahmed MD & CEO 11 April 2021
Slide 2: Disclaimer
DISCLAIMER The following presentation is intended to communicate with individuals who can be lawfully communicated with. Information shared in the following presentation cannot be considered as a guide to speculate on the future performance of the company. 2
Slide 3: Agenda
Only registered participants to access Mute yourself, if you are not talking Raise hand to ask questions during Q&A session Agenda Key Highlights Q1 2021 Financial Results Q&A 3
Slide 4: Key Highlights Q1 2021
Key Highlights Q1 2021 Mahtab Uddin Ahmed MD & CEO 4
Slide 5: YoY growth achieved in all performance indicators amidst continued pandemic effect
YoY growth achieved in all performance indicators amidst continued pandemic effect QoQ both voice and data revenue +1.7% +4.5% +61.8% 100% resumed in growth trajectory 51.9mn active subscribers with 70.6% Revenue growth Subscriber growth 4G user growth 4G sites data users (YoY) (YoY) (YoY) Opera
Slide 6: Robi's spectrum per subscriber is 1.45X higher than the market leader
Robi’s spectrum per subscriber is 1.45X higher than the market leader, better QOS assured Spectrum Holdings Acquired in Pre-Auction Pre Auction Post-Auction Post Auction auction 36.4 MHz 7.6 MHz 44 MHz Spectrum per Subscriber Robi Market Leader 0.85 Hz per sub 0.59 Hz per sub (1.45x of market leader
Slide 7: First operator to deploy 4.5G technology in all its network sites
First operator to deploy 4.5G technology in all its network sites around the country 4G Subscriber (%) 4G Sites (No.) of total subscriber +4549 Robi Industry 13,173 13,502 12,029 10,203 8,953 35.6% 28% (As of March’21) (As of Dec’20) (Dec’20- 32.5%) Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 4G device penetrat
Slide 8: Taxation on telecom sector needs to be rationalized
Taxation on telecom sector needs to be rationalized to ensure sustainability and accelerate digital economy Minimum Turnover Tax should be reduced to general rate Corporate taxation for MNOs should be generalized i.e. 32.5% and 25.0% Rationalization of VAT, SD & SC on data service i.e. VAT - 15%, Su
Slide 9: Effective enforcement of SMP Regulation and efficient industry structure are key levers
Effective enforcement of SMP Regulation and efficient industry structure are the key regulatory levers to promote healthy competition SMP Regulation and Market Competition Industry Structure Tower Sharing Lack of effective enforcement of SMP obligations leading to market failures Strict enforcement
Slide 10: Contributing substantial amount to Government Exchequer
Contributing substantial amount to Government Exchequer which reflects our responsible contribution to the socio-economic welfare of the nation Contribution to Government Exchequer (BDT Bn) % of revenue Spectrum payment 42.4 5.3 28.9 30.8 3.9 27.6 56% 21.1 42% 45% 40% 37% 11.2 1.8 56% 2016 2017 2018
Slide 11: Advancing Bangladesh through collaboration and eco-system development
Advancing Bangladesh through collaboration and eco-system development 333 the short code for accessing Green Telecom public service in Digital Use of Solar plants Bangladesh Honorable Mention in Best Robi is constantly focusing innovation Public Service- on renewable energy. Innovation in Service Cu
Slide 12: Financial Results Q1 2021
Financial Results Q1 2021 M. Riyaaz Rasheed CFO 12
Slide 13: Steady progress in revenue driven by subscriber growth
Steady progress in revenue driven by subscriber growth Revenue (BDT Bn) Subscribers (mn) % Data User +1.7% +3.2% +4.5% +2.0% 19.5 19.3 19.2 19.8 49.7 50.1 50.9 51.9 17.6 48.0 69.2% 69.2% 70.6% 64.9% 67.0% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 YoY and QoQ revenue growth driven b
Slide 14: Strong data revenue growth led by increased consumption and 4G sub-base
Strong data revenue growth led by increased consumption and 4G sub-base Data Revenue (BDT Bn) Data Usage (GB/Sub/month) 4G Data User (mn) 61.8% 11.7% +38.0% +10.3% +16.3% +8.5% 18.5 3.4 16.6 7.7 2.9 2.9 3.0 14.8 6.6 7.0 7.1 6.5 2.4 11.4 12.1 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 2
Slide 15: ARPU stabilization in progress driven by increased data consumption
ARPU stabilization in progress driven by increased data consumption Data ARPU (BDT), APPMB (BDT), Service ARPU (BDT), APPM (BDT) and AMPU* Data Usage (GB/sub/month) Service ARPU AMPU APPM Data ARPU Data Usage APPMB -0.9% +1.9% +2.7% +5.6% 125 124 121 123 115 69 70 71 0.57 68 67 0.54 0.03 0.53 0.53 0
Slide 16: Topline strides paired with resilient operating model resulted EBITDA growth
Topline strides paired with resilient operating model resulted EBITDA growth EBITDA (BDT Bn) Capex1 (BDT Bn) +3.1% +6.4% -6.2 -5.1 8.8 7.7 7.9 7.9 7.6 8.1 6.6 3.6 3.1 1.5 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Revenue growth and stringent cost discipline aided EBITDA development
Slide 17: Debt ratio improvement resulted from better EBITDA performance and debt repayment
Debt ratio improvement resulted from better EBITDA performance and debt repayment FCF1 (BDT Bn) Net Debt2 (BDT Bn) and Net Debt/EBITDA Net Debt/EBITDA Net Debt +>100% +>100% 53.7 49.9 48.0 49.3 50.2 6.6 5.7 1.8 1.6 1.6 1.5 1.5 4.3 1.1 0.2 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 F
Slide 18: YoY profit growth driven by increased EBITDA and lower finance cost
YoY profit growth driven by increased EBITDA and lower finance cost PAT (BDT Bn) Earnings per Share (BDT) +82.7% +75.0% 0.34 0.07 0.19 0.04 Q1 20 Q1 21 Q1 20 Q1 21 Revenue upside coupled with stringent cost management aided YoY PAT improvement and debt reduction. QoQ PAT decrement largely influenced
Slide 19: Declared 3.0% interim cash dividend in 2021
Declared 3.0% interim cash dividend in 2021 BDT 0.07 BDT 0.30 Earnings Per Share Dividend Per Share 2021 (interim) 2021 (interim) Shareholders as of the ‘Record Date’ 2 May 2021 shall be eligible to receive the Interim Cash Dividend 19
Slide 20: Focusing internal wealth to sustain and develop business is key in coming days
Focusing internal wealth to sustain and develop business is key in coming days Robi acquired 7.6 Mhz spectrum in 2021 (5 Mhz in 2100 band and 2.6 Mhz in 1800 band) to ensure superior quality of service to the customers Rationalization in Taxation regime will increase the shareholder value Mini
Slide 21: Thank You
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Slide 22: Q&A
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