Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q1 2025 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, May 15, 2025
Slide 1: Earnings Call – Q1 2025
Earnings Call – Q1 2025 Dialog Axiata PLC 15 May 2025 Earnings Call – Q1 2025
Slide 2: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q1 2025
Slide 3: Dialog Group Performance Highlights – Q1 2025
DIALOG GROUP PERFORMANCE HIGHLIGHTS – Q1 2025 Delivers Strong YoY Growth in Core Revenue, EBITDA and PAT; Airtel Business Records a Positive PAT QoQ YoY Airtel Capex Directed to Address All Key Business Segments Healthy Subscriber Growth Standalone Growing Demand for Data & Delivered at the back of
Slide 4: Group Financial Summary – Market Consolidation Yielding Results
GROUP FINANCIAL SUMMARY – Market Consolidation Yielding Results Rs Mn 1Q 25 QoQ YoY Core Revenue Growth and Cost Focus Drive Profitability and Margins Revenue 43,294 -5% +4% 1 Core Revenue 41,359 -2% +20% YoY Revenue improvement driven by Mobile Data, Airtel EBITDA 19,697 -7% +45% Consolidation and
Slide 5: Group Revenue – Driven by Airtel Consolidation and Organic Growth
GROUP REVENUE – Driven by Airtel Consolidation and Organic Growth Group Revenue Record Strong Growth YoY Mainly Driven by growth in Mobile and Fixed Segments +4% -5% 55, 000 45,795 43,294 50, 000 45, 000 41,560 40, 000 35, 000 30, 000 25, 000 20, 000 Q1 24 Q4 24 Q1 25 Mobile Revenue driven by Voice
Slide 6: Total Cost to Revenue Ratio Decreasing 14.1pp YoY
TOTAL COST TO REVENUE RATIO DECREASING 14.1PP YOY OWING TO COST RESCALING INITIATIVES Q1 25 As % of Q4 24 As % of Q1 24 As % of QoQ YoY revenue revenue revenue Total Cost Rs23,597Mn 54.5% Rs24,590Mn 53.7% Rs29,725Mn 68.6% +0.8pp -14.1pp Direct Expenses 15.2% 17.8% 32.5% -2.6pp -17.3pp Sales & Market
Slide 7: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI – Exceeded Pre-crisis (2021) Margins and Up from 29% EBITDA margin in 2022 YoY EBITDA up Underpinned by Core Revenue growth; QoQ YoY PATAMI Expansion Driven by Strong EBITDA Growth and EBITDA Decline Due to One-Off upsides in Q4 2024 Decline in Net Finance Cost. QoQ decline i
Slide 8: Capex Investments Up 36% YoY; Tax Paid to GOSL Up 20% YoY
CAPEX INVESTMENTS UP 36% YoY ; TAX PAID TO GOSL UP 20% YoY Capex Intensity at 8% for Q1 2025; OFCF Reach Rs12.3Bn for the Quarter Capex Investments Directed Towards Expanding Data Network +36% (Rs Mn) Capital expenditure of Rs3.7Bn for Q1 2025 directed mainly towards investments in High-Speed Broadb
Slide 9: Dialog Group Balance Sheet – Strong and Resilient
DIALOG GROUP BALANCE SHEET – Strong and Resilient...Rated AAA lka by Fitch (Rs Mn) 31 Mar 25 31 Dec 24 31 Dec 23 Gross Debt 98,492 100,443 113,787 USD denominated debt (in Mn) 123.6 128.7 156.0 USD denominated Cash (in Mn) 85.3 82.4 55.7 USD Net Exposure 39.4 65.6 164.3 Cash and Cash Equivalents 36,
Slide 10: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q1 2025
Slide 11: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Revenue Recorded Positive Growth on YoY Basis Driven by Data Subscriber Base uplift in Q3 due to Revenue and airtel; QoQ Revenue Down due to drop in Addition of Airtel Base; Base up 14% YoY Termination Revenue Total subs growth +3% QoQ; +14% YoY (In ‘000) Postpaid subs gr
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 Earnings Call – Q1 2025
Slide 13: Dialog Television
DIALOG TELEVISION YoY Revenue Largely Stable (0.1% YoY growth) Driven by Subscription Revenue growth; QoQ decline due to days Subscriber Base Remaining Resilient impact and decline in sub-base Total Subs growth -2% QoQ; +1% YoY Postpaid Subs growth -3% QoQ; -11% YoY (Rs Mn) +0% Prepaid Subs growth -
Slide 14: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Overall revenue drop at DBN is due to scaling down of low margin wholesale/Hubbing Business. However Fixed Business continue to Strong QoQ performance uplift driven by underlying EBITDA and PAT growth both on YoY and QoQ basis improvement over the period +38% | Fixed +6% |
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 Earnings Call – Q1 2025