Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q2 2019 Earnings Presentation
13 slides from Dialog Axiata's earnings presentation, 2019
Slide 1: Dialog Axiata PLC Q2 2019
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q2 2019 an axiata company
Slide 2: Dialog Group Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2 2
Slide 3: Group Performance Highlights – Q2 2019
Dialog Group Performance Highlights – Q2 2019 Delivered Strong 1H Results; QoQ Performance Impacted by Easter Sunday Incidents and Intense Competition Capex Investments Directed All Business Segments Aggressive Subscriber to Fulfil Growing Demand Delivered Strong Growth YTD QoQ YoY for Data Performa
Slide 4: Group Financial Summary
Group Financial Summary Rs Mn 1H 2019 YTD 2Q 19 QoQ YoY Revenue 58,104 10% 29,080 0.2% 9% EBITDA 23,126 11% 11,048 -9% 5% PAT 6,874 21% 1,995 -59% -30% EBITDA Margin 39.8% 0.3pp 38.0% -3.6pp -1.5pp PAT Margin 11.8% 1.0pp 6.9% -9.9pp -3.8pp ROIC 12.7% -2.8pp 12.7% -2.5pp -2.8pp Normalised Performance
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 Easter Attacks and Business Slowdown; Aggressive Competition led Re- Pricing and Constrained Consumer Spending Challenging Core Revenue Growth Positive Revenue Performance YTD and YoY; Negative Externalities Affect
Slide 6: Group Profitability Impacted by Revenue Challenges due to Macro Issues
Group Profitability Impacted by Revenue Challenges due to Macro Issues Revenue and Cost Challenges in Q2 19 Leading to Norm. for forex PAT impacted by Slowdown in EBITDA Slowdown in EBITDA Performance Growth and Higher Depreciation (Rs Mn) (Rs Mn) +11% | Norm +5% +5% | Norm -1% +21% | Norm -12% -30%
Slide 7: Focused Capex Investments to Support Rapid Growth in Data
Focused Capex Investments to Support Rapid Growth in Data Capex Intensity at 15% for 1H 2019.. OFCF Increased to 11.4Bn Capex Investments Directed Towards Expanding Data Network; Mobile 4G and Fixed LTE PoP Coverage Reached 91% and 68% Respectively -22% -31% (Rs Mn) >100% 12,0 00 11,170 10,0 00 8,67
Slide 8: Group's Net Debt to EBITDA Remained Healthy at 0.91x
Group’s Net Debt to EBITDA Remained Healthy at 0.91x (Rs Mn) 30 June 19 31 Mar 19 30 June 18 Gross Debt 51,103 44,542 42,291 Net Debt 42,050 39,383 36,669 Cash and Cash Equivalents 9,053 5,159 5,623 Gross Debt / Equity (x) 0.73 0.62 0.65 Gross Debt/ EBITDA (x) 1.10 0.92 1.02 Net Debt/ EBITDA (x) 0.9
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 Continues to Capture Market Share
Dialog Axiata PLC (Company) Dialog Continues to Capture Market Share amid Aggressive Competition Subdued Growth due to Core Revenue Challenges and Significant Improvement in MOUs; ARPU declined 3% Contraction in Wholesale Revenue owing Challenged Core Revenue Performance (Rs) (Rs Mn) -1% -2% 500 400
Slide 11: Subsidiary Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 11 11
Slide 12: Dialog Television
Dialog Television Increased Subscribers Driving Revenue and Profitability Growth in Subscription Revenue Driving Top Line Subscriber Growth led by Prepaid and Postpaid Performance; YTD Performance also Supported by with Improved Churn Management Drives (Rs Mn) Rental Increase in Q4 18 Total subs gro
Slide 13: Dialog Broadband Networks – Fixed Business
Dialog Broadband Networks – Fixed Business Fixed Business Continuing to Deliver Positive EBITDA and PAT Strong Revenue Growth Supported by Int. Wholesale Business; Fixed Revenue up 10% YTD albeit Declining QoQ due to Macro Challenges +87% | Fixed (+10%) +91% | Fixed (+12%) (Rs Mn) 13,380 +0% | Fixed