Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q3 2024 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, 2024
Slide 1: Dialog Axiata PLC Q3 2024 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q3 2024 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 Dialog - Internal
Slide 3: Dialog Group Performance Rebound in Q3 2024
DIALOG GROUP PERFORMANCE REBOUND IN Q3 2024 Growth in Core Revenue and Profitability Airtel Capex Investments Directed All Key Business Segments Aggressive Subscriber YTD QoQ YoY to Fulfil Growing Demand Standalone Delivered Strong Growth for Data and Digitisation Performance Revenue Initiatives -11
Slide 4: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn YTD 2024 YTD 3Q 24 QoQ YoY Revenue 125,375 -11% 42,832 +5% -8% Core Revenue 109,251 +6% 36,747 +15% +5% EBITDA 45,100 +1% 18,015 +34% +4% EBIT 11,394 -16% 6,415 >+100% -11% Net Finance Cost 6,960 -9% 1,745 -21% -14% PATAMI 5,691 -62% 4,495 >+100% +47% OFCF 18,260 +35% 5
Slide 5: Group Revenue
GROUP REVENUE Core revenue continued its positive trajectory, with a +6% increase QoQ, +5% YoY, and +6% YTD +6% +5% +6% 120 ,000 102,837 109,251 100 ,000 80, 000 36,747 60, 000 40, 000 35,102 34,732 20, 000 0 YTD 23 YTD 24 Q3 23 Q2 24 Q3 24 Core Revenue Mobile Revenue Recording Strong Growth due to
Slide 6: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI EBITDA Recorded Strong Rebound in Q3 2024 in line with Core Revenue Growth and Cost Rescaling Initiatives Yielding Results QoQ and YoY Performance up due to strong EBITDA performance and Forex Delivering a saving of LKR 3.3Bn YTD Gains. YTD Reported PATAMI Decline due to High
Slide 7: Total Cost to Revenue Ratio Decrease 4.4pp YTD
TOTAL COST TO REVENUE RATIO DECREASE 4.4PP YTD OWING TO COST RESCALING INITIATIVES YIELDING ESIMTAED SAVINGS OF LKR 3.3BN Q3 24 As % of Q2 24 As % of Q3 23 As % of YTD 24 As % of YTD 23 As % of QoQ YoY YTD revenue revenue revenue revenue revenue Total Cost Rs24,825Mn 58.0% Rs27,470Mn 67.0% Rs29,322M
Slide 8: Focused Capex to Support Critical Infrastructure Upgrades and Airtel Network Integration
FOCUSED CAPEX TO SUPPORT CRITICAL INFRASTRUCTURE UPGRADES AND AIRTEL NETWORK INTEGRATION YTD 2024 OFCF at Rs18.3Bn Capex Investments Directed Towards Expanding Data Leadership (Rs Mn) -32% -7% +36% 25,0 00 21,247 20,0 00 14,467 15,0 00 10,0 00 7,276 6,786 Capex 5,001 12% 5,00 0 Intensity 15% 16% 14%
Slide 9: Reduction of Forex Exposure on Balance Sheet Continues; Gearing Remains Low
REDUCTION OF FOREX EXPOSURE ON BALANCE SHEET CONTINUE; GEARING REMAINS LOW WITH NET DEBT TO EBITDA AT BELOW 1.0X (Rs Mn) 30 Sep 24 30 Jun 24 31 Dec 23 30 Sep 23 Gross Debt 101,341 125,306 113,787 110,190 USD denominated debt (in USD Mn’s) 155.1 155.1 156.0 181.4 Net Debt 57,176 71,740 73,174 61,757
Slide 10: Dialog Axiata PLC - Company Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 10 Dialog - Internal
Slide 11: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Revenue 1 Growth Driven by Expansions in Mobile and Data and Subscriber Base uplift in Q3 due to Addition of incorporation of Airtel Airtel Base Total subs growth +18% QoQ; +12% YoY (Rs Mn) +19% (In ‘000) +8% Postpaid subs growth +6% QoQ; +7% YoY Prepaid subs growth +19%
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 Dialog - Internal
Slide 13: Dialog Television
DIALOG TELEVISION QoQ Revenue Improved due to advertising Affordability Challenges Impeding Subscriber base Growth; Total subs growth -1% QoQ; -4% YoY (Rs Mn) Postpaid subs growth -4% QoQ; -7% YoY 0% -3% Prepaid subs growth -0% QoQ; -2% YoY (in ‘000s) +2% 1,660 1,672 1,620 1,624 1,599 9,170 9,139 5,
Slide 14: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Revenue Decline Underpinned by Conscious Scaling Down of Low YTD EBITDA and PAT impacted by Higher Customer Acquisition Cost Margin International Wholesale Business; Fixed Business Revenue and Taxation; QoQ Improvement Driven by Better Cost Management Remains Flat QoQ and Y
Slide 15: Thank You
Thank You 15 Dialog - Internal