Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q3 2019 Earnings Presentation
13 slides from Dialog Axiata's earnings presentation, 2019
Slide 1: Dialog Axiata PLC – Sri Lanka's Premier Connectivity Provider
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q3 2019 an axiata company
Slide 2: Dialog Group Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2 2
Slide 3: Dialog Group Performance Highlights – Q3 2019
Dialog Group Performance Highlights – Q3 2019 Delivered Strong YTD Performance; QoQ Performance Impacted by Intense Competition and Gradual Recovery in Core Revenue following Easter Sunday Incident Capex Investments Directed All Key Business Aggressive Subscriber to Fulfil Growing Demand Segments De
Slide 4: Group Financial Summary
Group Financial Summary Rs Mn YTD 2019 YTD 3Q 19 QoQ YoY Revenue 87,163 8% 29,059 -0.1% 4% EBITDA 35,046 10% 11,919 8% 7% PAT 8,348 13% 1,474 -26% -14% EBITDA Margin 40.2% 0.5pp 41.0% 3.0pp 1.0pp PAT Margin 9.6% 0.4pp 5.1% -1.8pp -1.1pp ROIC 12.6% -3.3pp 12.6% -0.1pp -3.3pp Normalised Performance EB
Slide 5: Group Revenue Records Positive Growth on YTD and YoY basis
Group Revenue Records Positive Growth on YTD and YoY basis; QoQ Growth Stalled due to Aggressive Competition and Slow Recovery in Core Revenue Positive Revenue Performance YTD and YoY; Negative Externalities Affecting QoQ Growth +8% +4% -0.1% 87,163 100,000 90,000 80,000 80,640 70,000 60,000 29,059
Slide 6: Group Profitability Improvement via Cost Focus
Group Profitability Improvement via Cost Focus QoQ EBITDA Improvement underpinned by Norm. for forex PAT impacted by Higher Depreciation Realisation of Cost Efficiencies and Finance Cost (Rs Mn) (Rs Mn) +10% | Norm +3% +7% | Norm +0.2% +13% | Norm -18% -14% | Norm -29% +8% | Norm +8% -26% | Norm +19
Slide 7: Focused Capex Investments to Support Mobile/Fixed Broadband Capacity Upgrades
Focused Capex Investments to Support Mobile/Fixed Broadband Capacity Upgrades Capex Intensity at 16% for YTD 2019… OFCF Increased to 16.6Bn YTD Capex Investments Directed Towards Expanding Data Network; Mobile 4G and Fixed LTE PoP Coverage Reached 92% and 68% Respectively (Rs Mn) -24% -26% -14% 20,0
Slide 8: Group's Net Debt to EBITDA Remained Healthy at 0.79x
Group’s Net Debt to EBITDA Remained Healthy at 0.79x (Rs Mn) 30 Sep 19 30 June 19 31 Dec 18 30 Sep 18 Gross Debt 46,327 51,103 46,391 43,802 Net Debt 36,855 42,050 39,681 37,514 Cash and Cash Equivalents 9,472 9,053 6,710 6,288 Gross Debt / Equity (x) 0.64 0.73 0.69 0.65 Gross Debt/ EBITDA (x) 0.99
Slide 9: Dialog Axiata PLC - Company Performance
Dialog Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance 99
Slide 10: Dialog Axiata PLC (Company)
Dialog Axiata PLC (Company) Dialog Continues to Capture Market Share amid Aggressive Competition Revenue1 Decline due to Core Revenue Challenges and Significant Improvement in MOUs; ARPU stable Contraction in Wholesale Revenue Owing to Growth in Data Revenues (Rs) (Rs Mn) 3% -0% 500 20% -2% 450 411
Slide 11: Subsidiary Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 11 11
Slide 12: Dialog Television
Dialog Television Continues to Capture Market Share while Strong Cost Focus Helping Improve Profitability Subscriber Growth and Rental Revision in Q4 18 Driving Subscriber Growth led by Prepaid and Postpaid Overall Top Line Performance with Improved Churn Management Drives Total subs growth +2% QoQ;
Slide 13: Dialog Broadband Networks – Fixed Business
Dialog Broadband Networks – Fixed Business Fixed Business Continuing to Capture Fixed Broadband Market Share (36% in Q3 19) +3pp QoQ and +5pp YoY Strong Revenue Growth Supported by Int. Wholesale Business; Fixed Revenue up 10% YTD albeit Declining QoQ due to affordability challenges (Rs Mn) +76% | F