Dialog Axiata PLC · CSELK:DIAL.N0000
Dialog Axiata — Q3 2011 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, 2011
Slide 1: Dialog Axiata PLC – Investor Forum Q3 2011
Enriching Sri Lankan Lives Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider .......... Investor Forum Q3 2011 an axiata company
Slide 2: Dialog Axiata Group
Dialog Axiata Group 2 Dialog
Slide 3: Q3 2011 Group Performance Highlights
Q3 2011 Group Performance Highlights Strong Financial Performance Healthy growth in Group revenue driven by growth at Company and Subsidiary level Group revenue up 5% QoQ and 10% YoY EBITDA at Rs 4.3Bn increased by 14% QoQ; EBITDA margin strengthened by 2ppts to 37% Exceptional gain in Q3 2011 d
Slide 4: Group: P&L Highlights
Dialog Group: P&L Highlights Growth Momentum Consolidated with Strong 3rd Quarter QoQ YoY YTD Q3 11 9M 11 (All figures in Rs Mn) Change Change Change Revenue 11,648 +5% +10% 33,664 +10% EBITDA 4,339 +14% +8% 11,714 +5% EBITDA Margin 37% +2pp -1pp 35% -2pp PAT 1,392 +1% -18% 3,935 +4% PAT Margin 12%
Slide 5: Group EBITDA and PAT
Group EBITDA and PAT Higher network cost in line with expansion in the Group EBITDA network foot print, increased customer related expenses and higher interconnect cost Rs Mn +5% +9% 585 342 4,339 3,997 3,819 (330) (77) EBITDA Q2 2011 Var. Revenue Var. Direct cost Var. Opex Normalised EBITDA one off
Slide 6: Group EBITDA Margin Analysis – Q3 2011
Group EBITDA Margin Analysis – Q3 2011 ‐ EBITDA margin impact (%) + EBITDA margin impact (%) EBITDA Margin Q2 2011 34.5% N t Network k costt -0.4% Regulatory cost 0.2% Direct cost -0.3% Staff related cost 0.7% Bad debt 0.7% Other costs 0.2% Sales and marketing -1.0% Higher advertising and marketing
Slide 7: Seventh Consecutive Quarter of Positive FCF
Seventh Consecutive Quarter of Positive FCF Capex* Free cash Flow (FCF) (FCF)** Rs Mn Rs Mn +13% +73% +6% ‐31% ‐61% 7,500 +>100% 36% 55% 6,500 28% 6,500 27% 45% 5,500 24% 26% 5,500 4,500 35% 4,500 28% 27% 23% 7,336 15% 20% 3,500 25% 16% 13% 3,500 10% 9% 10% 5,046 10% 2,500 15% 7% 2,500 3,017 3,010 6
Slide 8: Group Balance Sheet Deleveraged via Healthy FCF and Repayment of Borrowings
Group Balance Sheet Deleveraged via Healthy FCF and Repayment of Borrowings (All figures in Rs. Mn.) Q2 11 Trend Q3 10 Q4 10 Q1 11 Q3 11 except for ratio’s Gross Debt Position* 27,557 27,636 28,307 27,654 27,244 Gross Debt to EBITDA** 1.71 1.76 1.99 1.81 1.57 Net Debt to EBITDA** 1.47 1.41 1.43 1.26
Slide 9: Dialog Axiata PLC – Company
Dialog Axiata PLC — Company 9 Dialog
Slide 10: Company: P&L Highlights
Dialog Company: P&L Highlights Improved EBITDA Driven by Growth in Revenue and TDF Refund in Q3 QoQ YoY YTD Q3 11 9M 11 (All figures in Rs Mn) Change Change Change Revenue 10,677 +5% +10% 30,854 +10% EBITDA 4,064 +15% +8% 10,882 -0.1% EBITDA Margin 38% +3pp -1pp 35% -4pp PAT 1,663 +3% -13% 4,649 -7%
Slide 11: Company – Operational Performance
Company – Operational Performance Steady Growth in RPM, MOUs and ARPUs Despite Intense Competition No of Subscribers Pre : Post mix 88% 12% Pre-paid Post-paid Total subs growth +4% yoy; +1% qoq Postpaid subs growth +8% yoy; +4% qoq Blended ARPUs & RPM (Rs) Prepaid subs growth +4% yoy; 0.2% qoq 350 2
Slide 12: Subsidiary Performance
Subsidiary Performance 12 Dialog
Slide 13: Dialog Television (DTV): P&L Highlights
Dialog Television (DTV): P&L Highlights Steady Growth in Subscriber Base Driving up Revenue YoY (All figures in Rs Mn) QoQ YTD Q3 11 Change 9M 11 Change Change Revenue 598 +6% +17% 1,722 +13% EBITDA 118 -7% +47% 377 +>100% EBITDA Margin 20% -3pp +4pp 22% +13pp PAT (9) +21% +80% (23) +90% Pay Tv Subs
Slide 14: Dialog Broadband Networks (DBN): P&L Highlights
Dialog Broadband Networks (DBN): P&L Highlights Sixth Consecutive Quarter of Positive EBITDA; Higher Opex Impacting Q3 EBITDA YoY QoQ YTD (All figures in Rs Mn) Q3 11 Change 9M 11 Change Change Revenue 608 +5% +1% 1,772 +0.1% EBITDA 154 -3% -13% 456 +>100% EBITDA Margin 25% -2pp -4pp 26% +17pp PAT (
Slide 15: Thank You
Thank You 15 Dialog