Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q3 2023 Earnings Presentation
16 slides from Dialog Axiata's earnings presentation, 2023
Slide 1: Dialog Axiata PLC Q3 2023 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q3 2023 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 - Public
Slide 3: Dialog Group Performance Highlights – Q3 2023
DIALOG GROUP PERFORMANCE HIGHLIGHTS – Q3 2023 Profitability Recovery Continues for the Group Capex Investments Directed to All Key Business Segments Aggressive Subscriber Fulfil Growing Demand for Delivered Strong Growth YTD QoQ YoY Data and Digitisation Initiatives Performance Revenue +14% Q3 23 –
Slide 4: SASB ESG Quantitative Metrics with Quarterly Actuals
SASB ESG Quantitative Metrics with Quarterly Actuals Energy Consumption Network Availability and Core Network # of Data Breaches and Average Download Downtime Regulatory Actions over Speeds (Mbps) Energy Q3 ’23 Q2 ’23 Change Data Protection Violations Availability Q3 ’23 Q2 ’23 Change Total (MwHr) 4
Slide 5: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn YTD 2023 YTD 3Q 23 QoQ YoY Revenue 144,423 +14% 46,686 -2% +2% EBITDA 44,533 +7% 17,365 +23% +24% EBIT 13,579 +22% 7,246 >+100% >+100% PATAMI 14,860 >+100% 3,064 -1% -6% OFCF 13,559 >+100% 7,369 >+100% >+100% EBITDA Margin 30.8% -1.8pp 37.2% +7.5pp +6.5pp Core EBITDA Ma
Slide 6: Group Revenue
GROUP REVENUE Revenue drop resulting from non-core revenue lines; Positive Growth YTD and YoY +14% +2% -2% 160 ,000 144,423 140 ,000 127,181 120 ,000 100 ,000 46,686 80, 000 60, 000 45,623 47,670 40, 000 20, 000 0 YTD 22 YTD 23 Q3 22 Q2 23 Q3 23 Mobile Revenue resuming upward movement due to data re
Slide 7: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI EBITDA Recorded Strong Growth Across Comparative Periods YTD Reported PATAMI Improvement underpinned by strong EBITDA and Driven by Revenue Growth and Cost Rescaling Initiatives Forex Gains, Partially Negated by Higher Finance Cost; QoQ and YoY (Rs Mn) Impacted by Forex Losse
Slide 8: Total Cost to Revenue Ratio Decrease 7.5pp QoQ
TOTAL COST TO REVENUE RATIO DECREASE 7.5PP QOQ OWING TO COST RESCALING INITIATIVES Q3 23 As % of Q2 23 As % of Q3 22 As % of YTD 23 As % of YTD 22 As % of QoQ YoY YTD revenue revenue revenue revenue revenue Total Cost Rs29,322Mn 62.8% Rs33,512Mn 70.3% Rs30,512Mn Rs99,895Mn Rs85,597Mn 70.5% 69.2% 67.
Slide 9: Focused Capex to Support Critical Infrastructure Upgrades
FOCUSED CAPEX TO SUPPORT CRITICAL INFRASTRUCTURE UPGRADES. YTD 2023 OFCF at Rs13.6Bn Capex Investments Directed Towards Expanding Data Network; Drop Resulting from Strengthening LKR and Lower Spend (Rs Mn) -47% -59% 40,076 -17% 40,0 00 35,0 00 30,0 00 25,0 00 21,247 20,0 00 17,631 Capex 15,0 00 10,0
Slide 10: Reduction of Forex Exposure on Balance Sheet Continues
REDUCTION OF FOREX EXPOSURE ON BALANCE SHEET CONTINUE; GEARING REMAINS LOW WITH NET DEBT TO EBITDA AT 1.13X (Rs Mn) 30 Sep 23 30 Jun 23 31 Dec 22 30 Sep 22 Gross Debt 112,839 110,190 102,689 82,574 USD denominated debt (in USD Mn’s) 181.4 181.4 226.5 196.5 Net Debt 67,217 61,757 62,140 53,241 Cash a
Slide 11: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 11 Dialog - Public
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 segmeent Total subs growth -2% QoQ; +2% YoY (Rs Mn) +1% (In ‘000) +2% Postpaid subs growth -1% QoQ; -5% YoY Prepaid subs growth -3% QoQ; +2% YoY +5% 74,905 76,618 17,2
Slide 13: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 13 Dialog - Public
Slide 14: Dialog Television
DIALOG TELEVISION Cost Rationalization and Favorable Forex Impact Driving Profitability YTD Revenue growth continue driven by subscription Revenue; Subscriber Growth Stalled due to Postpaid Segment QoQ Revenue growth Driven by Advertising Revenue Contraction Total subs growth -1% QoQ; -4% YoY (Rs Mn
Slide 15: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Continuing to Deliver Strong Profitability YTD Revenue Growth Dominated by International Revenue and Profitability Improve driven by Revenue Growth and Cost Rescaling Fixed BB Revenue; QoQ Decline due to Lower Hubbing Revenue Efforts (Rs Mn) +26% | Fixed (+10%) Int. (+38%)
Slide 16: Thank You
Dialog Thank You Dialog - Public