Dialog Axiata PLC · CSELK:DIAL.N0000

Dialog Axiata — Q1 2011 Earnings Presentation

17 slides from Dialog Axiata's earnings presentation, 2011

  1. Slide 1: Investor Forum Q1 2011

    Investor Forum Q1 2011 Enriching Sri Lankan Lives an axiata company

  2. Slide 2: Dialog Group

    Dialog Group 2 Dialog

  3. Slide 3: Q1 2011 Group Performance Highlights

    Q1 2011 Group Performance Highlights ƒ Healthy growth in Mobile revenues ƒup 2%QoQ and 12% YoY ƒ Strong take up of Mobile Broadband Growth of 99% YoY ƒ EBITDA margin stable despite cost pressure 33% in Q1 ƒ Positive free cash flows for the fifth consecutive quarter Rs1.1Bn in Q1 2011 ƒ Strong perfor

  4. Slide 4: Dialog Group: P&L Highlights

    Dialog Group: P&L Highlights QoQ YoY Q1 11 Q1 10 (All figures in Rs Mn) Change Change Revenue 10 953 10,953 +2% 9 951 9,951 +10% Total Cost* 7,387 +8% 6,625 +12% EBITDA 3,566 -9% 3,324 +7% EBITDA Margin 33% -4pp 33% 0pp PAT 1,159 -9% 705 +64% ƒ YoY growth in EBITDA driven by revenue growth and opera

  5. Slide 5: Focused Capex Spending and Robust Free Cash Flow

    Focused Capex Spending and Robust Free Cash Flow Capex* Free cash Flow (FCF) (FCF)** Rs Mn +54% Rs Mn ‐17% 28% 5,000 50% 3 000 3,000 26% 26% 4,500 2,500 40% 4,000 17% 28% 2,000 3,500 30% 23% 16% 3,000 1,500 2 979 2,979 10% 2,500 16% 20% 2,617 9% 2,000 12% 1,000 10% 3,017 1,701 1,500 2,495 10% 1,071

  6. Slide 6: Balance Sheet Recovery

    Group KPIs Performance Trends alance Sheett Recovery (All figures in Rs Mn) except for ratio’s Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Trend Gross Debt Position* 31,421 , 28,520 , 27,557 , 27,636 , 28,307 , Gross Debt to EBITDA** 2.36 1.87 1.72 1.76 1.98 Net Debt to EBITDA EBITDA** 2 15 2.15 1 68 1.68 1 52 1.

  7. Slide 7: Dialog Group - Movement of outstanding borrowings QoQ

    Dialog Group - Movement of outstanding borrowings QoQ Facility Outstanding Mn Maturity as at 31 Mar 2011 Lending Institution Type of Currency Amount Less than More than Q1’10 Q2’10 Q3’10 Q4 ‘10 Q1‘11 Loan Mn. One year one year Preference RCRPS Investors ** LKR 5,000 3,750 2,500 2,500 2,500 2,500 1,2

  8. Slide 8: Dialog Axiata PLC – Company

    Dialog Axiata PLC — Company 8 Dialog

  9. Slide 9: Dialog Company: P&L Highlights

    Dialog Company: P&L Highlights QoQ YoY Q1 11 Q1 10 (All figures in Rs Mn) Change Change Revenue 10,029 +1% 9,101 +10% Total Cost* 6,738 +7% 5,757 +17% EBITDA 3,291 -9% 3,344 -2% EBITDA Margin 33% -3pp 37% -4pp PAT 1,371 -12% 1,276 +7% Mobile Subscribers (‘000) 7,010 +3% 6,660 +5% ƒ EBITDA margin var

  10. Slide 10: Revenue Trends – Company

    Revenue Trends – Company Mobile Usage, Data and Tele-infra recording strong growth YoY Quarterly Revenue – Rs Mn 10% 1% ƒ Pre-paid revenues largely driven by MoU growth 10,029 and subscriber additions 9,886 9,671 ƒ Growth in postpaid revenues driven by Mobile 9,296 Broadband. Non voice revenues impa

  11. Slide 11: Company – Operational Performance

    Company – Operational Performance Moderate growth in MoU & stable RPM Pre : Post mix 89% 11% Pre‐paid Post‐paid Postpaid and Prepaid No of Subscribers & ARPUs MOU (Minutes) & RPM (Rs) +5% 147 148 7,010 150 145 3.00 1,200 6,660 7,100 134 6 900 6,900 129 1,096 1,104 1,109 1,087 130 1,000 1,071 2.50 6,

  12. Slide 12: Company – Cost Structure

    Company – Cost Structure % of Revenue Q1 10 Q4 10 Q1 11 ƒ YoY increase in direct costs largely due to increase in origination cost in line with Direct costs 13.3% 16.2% 16.2% growth in minutes. Direct costs flat QoQ due to increase in origination cost offset by drop S l & Marketing Sales M k i costs

  13. Slide 13: EBITDA Margin Analysis – Q1 2011

    EBITDA Margin Analysis – Q1 2011 EBITDA Margin movement Q4 2010 to Q1 2011 - EBITDA margin impact (%) + EBITDA margin impact (%) EBITDA Margin Q4 2010 36.5% Increase in AMCs -0.4% Network costs Increase in frequency costs -1.0% Regulatory costs Increase in origination cost offset & Cess fees by drop

  14. Slide 14: Subsidiary Performance

    Subsidiary Performance 14 Dialog

  15. Slide 15: DTV: P&L Highlights

    DTV: P&L Highlights Strong revenue growth driven by higher ARPUs & Subscriber additions (All figures in Rs Mn) QoQ YoY Q1 11 Q1 10 Change Change Revenue 561 +12% 490 +15% EBITDA 131 -37% 24 +>100% EBITDA Margin 23% -19pp 5% +18pp PAT (2) -103% (94) +97% Pay Tv Subscribers (‘000) 181 +8% 160 +13% Rs.

  16. Slide 16: DBN: P&L Highlights

    DBN: P&L Highlights Growth in EBITDA and PAT driven by Cost improvements QoQ YoY (All figures in Rs Mn) Q1 11 Q1 10 Change Change Revenue 584 -1% 591 -1% EBITDA 145 +21%* - 44 +>100% EBITDA Margin 25% +5pp -7% +32pp PAT (197) +44% (465) +58% CDMA & Broadband Subscribers (‘000) 198 +1% 186 +7% 700 29

  17. Slide 17: Thank You

    Thank You 7 Dialog

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