Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q4 2023 Earnings Presentation
16 slides from Dialog Axiata's earnings presentation, 2024
Slide 1: Dialog Axiata PLC Q4 2023 & FY 2023 Results Update
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q4 2023 & FY 2023 Results Update 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 Dialog - Internal 2
Slide 3: Dialog Group Performance Highlights – Q4 2023 and FY2023
DIALOG GROUP PERFORMANCE HIGHLIGHTS – Q4 2023 and FY2023 Dialog Returns to Positive NPAT in FY 2023 and Declares a Final Dividend of Rs1.34 Per Share Capex Investments Directed to All Key Business Segments Aggressive Subscriber Fulfil Growing Demand for Delivered Strong Growth YTD QoQ YoY Data and D
Slide 4: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn FY 2023 YTD 4Q 23 QoQ YoY Revenue 187,813 +5% 43,390 -7% -15%2 Core Revenue 139,699 +5% 35,888 +1% +1% EBITDA 61,512 +19% 16,979 -2% +69% EBIT 20,256 >+100% 6,677 -8% >+100% PATAMI 20,124 >+100% 5,267 +72% >+100% OFCF 25,149 >+100% 11,590 +57% >+100% EBITDA Margin 32.8%
Slide 5: Group Revenue
GROUP REVENUE YTD Revenue Growth Supported by both Mobile and Fixed Data and DTV Revenue; QoQ and YoY Impacted by Non-core Revenue (Hubbing) Decline -15% +5% -7% 200 ,000 178,131 187,813 180 ,000 160 ,000 140 ,000 120 ,000 100 ,000 80, 000 60, 000 50,949 46,686 43,390 40, 000 20, 000 0 FY 22 FY 23 Q
Slide 6: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI YTD and YoY Strong EBITDA Growth Driven by Top line Growth and Cost Rescaling Initiatives; QoQ Impacted by Revenue Decline PATAMI Improvement underpinned by strong EBITDA, Lower Depreciation, Forex Gains and Lower Finance Cost (Rs Mn) +19% +69% (Rs Mn) -2% 70, 000 60, 000 51,
Slide 7: Total Cost to Revenue Ratio Decrease 2.3pp YTD Owing to Cost Rescaling Initiatives
TOTAL COST TO REVENUE RATIO DECREASE 2.3PP YTD OWING TO COST RESCALING INITIATIVES Q4 23 As % of Q3 23 As % of Q4 22 As % of FY 23 As % of FY 22 As % of QoQ YoY YTD revenue revenue revenue revenue revenue Total Cost Rs26,411Mn 57.4% Rs29,322Mn 62.8% Rs36,640Mn Rs126,306Mn Rs122,237Mn 71.9% 66.3% 68.
Slide 8: Focused Capex to Support Critical Infrastructure Upgrades. FY 2023 OFCF at Rs25.1Bn
FOCUSED CAPEX TO SUPPORT CRITICAL INFRASTRUCTURE UPGRADES. FY 2023 OFCF at Rs25.1Bn Capex Investments Directed Towards Expanding Data Network; Drop Resulting from Strengthening LKR and Lower Spend (Rs Bn) -51% -65% -42% 52.0 50.0 40.0 30.0 25.5 Capex 20.0 12.0 7.3 4.2 Intensity 28% 14% 10.0 35% 10%
Slide 9: Strengthened Balance Sheet with Focus on Reduction of Forex Exposure
STRENGTHENED BALACE SHEET WITH FOCUS REDUCTION OF FOREX EXPOSURE; GEARING REMAINS LOW WITH NET DEBT TO EBITDA AT 1.19X (Rs Mn) 31 Dec 23 30 Sep 23 31 Dec 22 Gross Debt 113,787 112,839 102,689 USD denominated debt (in USD Mn’s) 156.0 181.4 226.5 Net Debt 73,174 67,217 62,140 Cash and Cash Equivalents
Slide 10: Proposed Dividend Per Share Rs1.34; Dividend Yield of 14.9% | DPR 55%
PROPOSED DIVIDEND PER SHARE RS1.34; DIVIDEND YIELD OF 14.9% | DPR 55% Progressively higher DPS maintained with an 8.1% increase from FY 2021 ▪ The Board of Directors of Dialog Axiata PLC resolved to propose a cash dividend to ordinary shareholders of Rs 1.34 per share totaling to Rs11.1Bn for approv
Slide 11: Subsidiary Performance – Dialog Broadband and Dialog TV
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Dialog - Internal 11
Slide 12: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Subscriber Growth Continue YoY Driven by Prepaid Revenue Improvement Driven by Expansion in Data Revenue Segment Total subs growth -2% QoQ; +2% YoY (Rs Mn) -1% (In ‘000) +1% Postpaid subs growth -1% QoQ; -5% YoY Prepaid subs growth -3% QoQ; +2% YoY +0.5% 101,414 102,932 1
Slide 13: Subsidiary Performance – Dialog Broadband and Dialog TV
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Dialog - Internal 13
Slide 14: Dialog Television
DIALOG TELEVISION YTD Positive PAT, Cost Rationalization and Favorable Forex Impact Driving Profitability YTD and QoQ Revenue growth continue driven by QoQ Subscriber Base Growth Driven by Postpaid Segment subscription Revenue Total subs growth +1% QoQ; -3% YoY (Rs Mn) Postpaid subs growth +2% QoQ;
Slide 15: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Continuing to Deliver Strong Profitability; Focus on Profitable Revenue Generation Improve Margins Profitability Improve driven by Revenue Growth and Cost Rescaling YTD Revenue Growth Dominated by International Revenue and Efforts; QoQ and YoY Margin Improvement Driven by F
Slide 16: Thank You
Thank You Dialog - Internal 16