Dialog Axiata PLC · CSELK:DIAL.N0000
Dialog Axiata — Q3 2016 Earnings Presentation
16 slides from Dialog Axiata's earnings presentation, Nov 10, 2016
Slide 1: Dialog Axiata PLC Q3 2016 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q3 2016 Results 10th November 2016 an axiata company
Slide 2: Dialog Group Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2
Slide 3: Dialog Group Performance Highlights
Dialog Group Performance Highlights Dialog Posts Strong 3rd Quarter Q3 Group Revenue at Rs.21.7Bn, Grew by 3% QoQ and 19% YTD Q3 2016 featured the suspension of VAT & NBT, lowering consumption taxes, which had a positive impact on Revenue growth Q3 Group EBITDA Improvement Driven by Significant Grow
Slide 4: Group Financial Summary
Group Financial Summary Rs Mn Q3 16 QoQ YTD 16 YTD Revenue 21,748 3% 63,970 19% EBITDA 7,714 9% 21,790 20% PAT 2,833 24% 7,791 71% EBITDA Margin 35.5% 2.0pp 34.1% 0.3pp PAT Margin 13.0% 2.2pp 12.2% 3.7pp ROIC 16.4% 1.3pp 16.6% 2.6pp All key Performance Indicators improved both QoQ and YTD basis with
Slide 5: Group Revenue Continued its Growth Trajectory, 3% QoQ and 19% YTD
Group Revenue Continued its Growth Trajectory, Recording a Growth of 3% QoQ and 19% YTD Group Revenue (Rs Mn) Q3 2016 featured the suspension of VAT & NBT which +16% +19% had a positive impact on Revenue with growth registered across most business segments 3% 63,970 Mobile Voice Revenue grew by 3% Q
Slide 6: Q3 Profitability Improvement Underpinned by Revenue Growth and Lower Forex Losses
Q3 Profitability Improvement Underpinned by Growth in Revenue, Positive Cost Performance and Lower Forex Losses Group EBITDA and PAT (Rs Mn) +22% +20% +9% 21,790 20,0 00 18,211 15,0 00 10,0 00 7,714 7,791 6,314 7,019 7,057 5,613 4,568 EBITDA (Rs Mn) 2,670 2,833 5,00 0 2,287 PAT (Rs Mn) 679 620 - Q3
Slide 7: Remittances to Government of Sri Lanka (GoSL)
Remittances to Government of Sri Lanka (GoSL) Dialog Group remitted a total of Rs23.7Bn to GoSL during the nine months ended 30th September 2016. Total remittances included direct taxes and levies as well as consumption taxes collected on behalf of the GoSL GoSL Payments Composition YTD 2016 YTD 201
Slide 8: Focused Capex Investments to Strengthen Broadband Leadership
Focused Capex Investments to Further Strengthen the Group’s Leadership in Sri Lanka’s Broadband Sector Capex (Rs Mn) / Capex Intensity (%) +53% +42% +36% 12,742 200 % 12,0 00 10,618 180 % 8,959 160 % 10,0 00 140 % 8,00 0 120 % 6,00 0 5,651 100 % 3,683 53% 4,148 80% 4,00 0 2,942 60% 20% 20% 26% 20% 2
Slide 9: Structurally Strong Balance Sheet with Net Debt to EBITDA Below 1.0x
Structurally Strong Balance Sheet with Net Debt to EBITDA Maintained Below 1.0x (Rs Mn) 30 Sep 16 30 Jun 16 31 Mar 16 Gross Debt 31,916 31,850 31,540 Net Debt 26,845 28,197 21,799 Gross Debt / Equity (x) 0.61 0.64 0.63 Gross Debt/ EBITDA (x) 1.10 1.13 1.12 Net Debt/ EBITDA (x) 0.92 1.00 0.78 Underpi
Slide 10: Dialog Axiata Company Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 10
Slide 11: Dialog Axiata PLC (Company)
Dialog Axiata PLC (Company) Strong Revenue Growth of 4% QoQ and 17% YTD +14% +17% +4% 60,0 00 53,944 50,0 00 45,936 40,0 00 30,0 00 17,972 17,667 18,305 18,850 20,0 00 16,089 17,007 15,540 Revenue (Rs Mn) 6,669 8,387 EBITDA (Rs Mn) 10,0 00 5,581 4,804 6,283 5,898 4,826 PAT (Rs Mn) 1,050 3,037 - 921
Slide 12: Mobile Subscriber Growth Continues; up 3% QoQ and 10% YoY
Mobile Subscriber Growth Continues; up 3% QoQ and 10% YoY Growth in Prepaid Segment Underpins the QoQ ARPU Increase Led by Growth in Data Revenue and YoY Subscriber Growth while MOUs Grew Marginally No of Mobile Subscribers’000 Blended ARPU (Rs) & MOU Total subs growth +3% qoq; +10% yoy Postpaid sub
Slide 13: Subsidiary Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 13
Slide 14: Dialog Television
Dialog Television Continues to Consolidate Revenue Growth with Revenue Increasing by 7% YTD -2% +7% -8% 4,577 4,264 4,80 0 3,60 0 3,10 0 3,80 0 2,60 0 Revenue (Rs Mn) 2,10 0 2,80 0 EBITDA (Rs Mn) 1,60 0 1,463 1,516 1,577 1,563 1,437 PAT (Rs Mn) 1,80 0 586 1,10 0 183 310 96 600 800 70 23 31 (346) (13
Slide 15: Dialog Broadband Network
Dialog Broadband Network EBITDA Improved Significantly YTD on the back of Strong Uptake in LTE Services +33% +27% +6% 6,761 6,80 0 5,80 0 5,80 0 5,339 4,80 0 4,80 0 3,80 0 3,80 0 2,763 2,80 0 2,406 2,057 2,80 0 2,095 2,260 Revenue (Rs Mn) 1,815 1,969 1,80 0 1,80 0 814 1,032 980 EBITDA (Rs Mn) 655 75
Slide 16: Thank You
Dialog Thank You 16