Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q2 2022 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, 2022
Slide 1: Dialog Axiata PLC Q2 2022 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q2 2022 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
Slide 3: Dialog Group Performance Highlights – Q2 2022
DIALOG GROUP PERFORMANCE HIGHLIGHTS – Q2 2022 Strong Topline Performance Negated by Forex Impact 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 +20% Q2 2
Slide 4: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn 1H 2022 YTD 2Q 22 QoQ YoY Revenue 81,559 +20% 43,308 +13% +23% EBITDA 27,482 -1% 12,740 -14% -10% PATAMI (28,339) >-100% (12,516) -21% >-100% OFCF 2,753 -86% (3,438) >-100% >-100% EBITDA Margin 33.7% -7.3pp 29.4% -9.1pp -11.1pp PAT Margin -34.7% -45.1pp -28.9% +12.5pp -
Slide 5: Group Revenue
GROUP REVENUE Positive Revenue Growth Across YTD, YoY and QoQ +23% +20% +13% 90, 000 81,559 80, 000 67,929 70, 000 60, 000 50, 000 38,251 43,308 40, 000 35,079 30, 000 20, 000 10, 000 0 1H 21 1H 22 Q2 21 Q1 22 Q2 22 Revenue Mobile Revenue increased driven by Mobile Voice Revenue up 4% YTD driven by
Slide 6: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI EBITDA Declined Despite Strong Revenue Performance Reported PATAMI Impacted by High Forex Losses; Normalised for Forex, Underpinned by Higher Network Costs and Escalation in the Positive PATAMI was Recorded albeit Continuing to Decline due to Negative Cost Base due to Inflati
Slide 7: Total Cost to Revenue Ratio Increases by 7.3pp on YTD Basis
TOTAL COST TO REVENUE RATIO INCREASES BY 7.3PP ON YTD BASIS DUE TO EXPANSION IN NETWORK AND USD DENOMINATED COST BASE Q2 22 As % of Q1 22 As % of Q2 21 As % of 1H 22 As % of 1H 21 As % of QoQ YoY YTD revenue revenue revenue revenue revenue Total Cost Rs30,512Mn 70.5% Rs23,510Mn 61.5% Rs20,867Mn Rs54
Slide 8: Focused Capex Investments to Accommodate Urgent Network Upgrades
FOCUSED CAPEX INVESTMENTS TO ACCOMMODATE URGENT NETWORK UPGRADES Capex Investments Directed Towards Expanding Data Network; Mobile 4G and Fixed LTE PoP Coverage Reached 95% and 71% (Rs Mn) >+100% >+100% +100% 25,0 00 22,445 20,0 00 14,957 15,0 00 10,0 00 6,483 7,487 4,061 Capex 5,00 0 28% 35% 10% 12
Slide 9: Dialog Group Leverage Expanded; Net Debt to EBITDA at 0.77x
DIALOG GROUP LEVERAGE EXPANDED DURING THE QUARTER WITH NEW BORROWINGS; NET DEBT TO EBITDA AT 0.77X (Rs Mn) 30 Jun 22 31 Mar 22 31 Dec 21 30 Jun 21 Gross Debt 82,389 58,347 34,859 33,390 Net Debt 42,174 28,608 19,757 23,334 Cash and Cash Equivalents 40,214 24,771 19,851 10,595 Gross Debt / Equity (x)
Slide 10: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 10
Slide 11: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Subscriber Growth moderated QoQ Driven by prepaid segment; YoY up 1% Revenue Improvement Driven by Expansion in Data and Voice Revenue Total subs growth -3% QoQ; +1% YoY (In ‘000) Postpaid subs growth +0% QoQ; +4% YoY (Rs Mn) +11% +13% Prepaid subs growth -3% QoQ; +1% YoY
Slide 12: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 12
Slide 13: Dialog Television
DIALOG TELEVISION Revenue Growth Continue While Profitability Impacted by Forex Losses Revenue growth continue driven by subscription Revenue; QoQ Subscriber Growth Delivered by Expansion in Prepaid Revenue growth stalled due to decrease in Advertising Revenue Segment Total subs growth +1% QoQ; +6%
Slide 14: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Delivering Strong Revenue Growth Revenue Growth Underpinned by rise in low margin International Wholesale Revenue in line with Depreciation of the LKR; on YTD Profitability impacted by cost escalations along with increase in basis Expansion in Fixed BB Revenue also contribu
Slide 15: Thank you
Thank you For further information Contact : Investor relations Team, Dialog Axiata PLC Mobile : +94 777332052 Email : ir@dialog.lk Web site : www.dialog.lk 15