Dialog Axiata PLC · CSELK:DIAL.N0000

Dialog Axiata — Q4 2013 Earnings Presentation

18 slides from Dialog Axiata's earnings presentation, February 2014

  1. Slide 1: Dialog Axiata PLC Investor Forum Q4 2013

    Enriching Sri Lankan Lives Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Investor Forum Q4 2013 an axiata company

  2. Slide 2: Dialog Group Performance

    Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2

  3. Slide 3: Group Performance Highlights – FY 2013

    Dialog Group Performance Highlights – FY 2013 Strong Financial Performance  Healthy growth in group revenue led by growth across all segments Group revenue at Rs 63.3 bn grew by 12% YTD  FY 2013 EBITDA at Rs19.9bn increased by 7% YTD on the back of higher revenue; EBITDA margin at 31.5%  Group PA

  4. Slide 4: Group Financial Summary

    Group Financial Summary (All figures in Rs Mn) Q4 13 QoQ FY 13 YTD Revenue 16,301 1% 63,297 12% EBITDA 4,637 -12% 19,917 7% PAT 1,116 -27% 5,194 -14% Normalised PAT* 769 -56% 5,924 -5% EBITDA Margin 28.4% -4.1pp 31.5% -1.5pp PAT Margin 6.8% -2.7pp 8.2% -2.5pp Normalised PAT Margin* 4.7% -6.2pp 9.4%

  5. Slide 5: Steady Growth in Revenue; up 1% QoQ and 12% YTD

    Steady Growth in Revenue; up 1% QoQ and 12% YTD Core Mobile Revenue Dominates Group Revenue Growth Revenue (Rs Mn) +9% +12% 63,298 +1% 56,345 14,978 15,242 15,630 16,125 16,301 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 FY 12 FY 13  Mobile continued to be the main contributor to Group revenue, grew by 4% QoQ an

  6. Slide 6: QoQ EBITDA Impacted by prudent debt provisioning and increase in opex

    QoQ EBITDA Impacted by prudent debt provisioning and increase in opex Q4 13 Vs Q3 13 Higher mobile and television revenue 176 Frequency fee reversal 5,241 of Rs200mn in Q3 (161) 32.5% (296) 4,636 (201) Higher bad debt provision of (122) 28.4% Rs143mn EBITDA Q3 13 Revenue Revenue driven Other operati

  7. Slide 7: QoQ PAT impacted by lower EBITDA and impairment of DVBT assets

    QoQ PAT impacted by lower EBITDA and impairment of DVBT assets Q4 13 Vs Q3 13 0.8% Rs appreciation in Q4 against 1,533 1.2% depreciation in Q3 Impairment of DVBT assets 606 1,116 (604) (339) 9.5% (80 ) 6.8% PAT Q3 13 EBITDA Depreciation Net Non operating cost Forex Movements PAT Q4 13 FY 13 Vs FY 12

  8. Slide 8: Higher cost in line with aggressive network rollout and higher bad debt provisions

    Higher cost in line with aggressive network rollout and higher bad debt provisions Total Costs Quarter on Quarter % of Revenue Q4 12 Q3 13 Q4 13 FY 12 FY 13 Total cost to revenue increased by 4.1ppts Direct expenses 29.2% 28.6% 30.5% 29.1% 29.2%  Higher network opex Sales & Marketing 15.5% 11.9% 11

  9. Slide 9: Focused Capital Investment to Capture Data Leadership

    Focused Capital Investment to Capture Data Leadership Capex (Rs mn) and Capex Intensity (%) +63% 28,299 +12% 25% of FY 13 capex for spectrum 7,075 acquisition and + 28% license renewal 17,409 FY 13 excluding 11,004 intangibles: 21,224 7,860 YTD increase 22% 7,036 6,127 Capex Intensity 34% 3,308 47%

  10. Slide 10: Comprehensive end to end strategy to capture data leadership

    Comprehensive end to end strategy to capture data leadership “From Driving Devices to Customer Owning International Connectivity” Devices March 2013 Dongles Mobile Tablets Handsets March 2010 Aug 2013 Radio Access LTE 1800 LTE 2300 HSPA/ HSPA + Wi-Fi 42Mbps HSPA+ NW Apr 2013 Dec 2012 HSPA Launch in

  11. Slide 11: Dialog Axiata Company Performance

    Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 11

  12. Slide 12: Dialog Axiata PLC (Company): Financial Highlights

    Dialog Axiata PLC (Company): Financial Highlights Revenue, EBITDA margin and PAT margin trends 60,000 +11% 55,445 60% 50,000 49,803 33% 32% 33% 40% 28% 29% 32% 32% 40,000 20% 13% 12% 11% 8% 7% 12% 11% 0% 30,000 -20% +1% 20,000 13,147 13,338 13,722 14,140 14,245 -40% 10,000 -60% - -80% Q4 12 Q1 13 Q2

  13. Slide 13: Mobile Subscriber Growth Continues - Stable Trend in MOUs and RPM

    Mobile Subscriber Growth Continues - Stable Trend in MOUs and RPM Revenue Rs Mn +8% +1% Prepaid subscriber growth of 3% QoQ and 14% YoY, 14,140 14,245 driving the total subscriber growth 13,338 13,722 13,147 ARPU decreased QoQ due to aggressive competition in the IDD space and continued floor rate v

  14. Slide 14: Subsidiaries Performance

    Dialog Group Performance Dialog Axiata Company Performance Subsidiaries Performance 14

  15. Slide 15: Dialog Television: Key Financial Highlights

    Dialog Television : Key Financial Highlights Strong Revenue Growth both QoQ and YTD Revenue, EBITDA margin and PAT margin trends No of subscribers’000 +21% Total subs growth +26% yoy; +10% qoq 4000 Postpaid subs growth +60% qoq 3,620 60% Prepaid subs growth +14% yoy; +3% qoq 3500 40% 332 3000 2,993

  16. Slide 16: Dialog Broadband Networks: Key Financial Highlights

    Dialog Broadband Networks : Key Financial Highlights 15th Consecutive Quarter of Positive EBITDA Revenue, EBITDA margin and PAT margin trends 70% No of CDMA Subscribers’000 +15% 5,817 50% 42% 32% 5,044 28% 24% 23% 30% 35% 27% 382 10% 0% -4% -2% 341 -13% 329 329 -14% 325 -2% -10% -8% -30% 1,460 1,462

  17. Slide 17: Continued Commitment to Healthy Dividend

    Continued Commitment to Healthy Dividend • The Board of Directors of Dialog Axiata PLC, resolved to propose for consideration by the Shareholders of the Company, a cash dividend to ordinary shareholders amounting to Rs 0.29 (29 cents) per share totaling to Rs 2.4Bn • Dividend payout of 45% maintaine

  18. Slide 18: Thank You

    Thank You Dialog

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