Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q4 2024 Earnings Presentation
16 slides from Dialog Axiata's earnings presentation, 2025
Slide 1: Dialog Axiata PLC Q4 2024 & FY 2024 Results Update
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q4 2024 & FY 2024 Results Update 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 Dialog Earnings Call – Q4 2024 2
Slide 3: Dialog Group Delivers Strong FY 2024 Performance
DIALOG GROUP DELIVERS STRONG FY 2024 PERFORMANCE DRVEN BY MARKET CONSOLIDATION, CORE REVENUE GROWTH AND COST MANAGEMENT. PROPOSED DIVIDEND RS 1.00/share Airtel Capex Directed to Address All Key Business Segments Healthy Subscriber Growth YTD QoQ YoY Standalone Growing Demand for Data & Delivered at
Slide 4: Proposed Dividend Per Share Rs1.00; Dividend Yield of 8.5%
PROPOSED DIVIDEND PER SHARE RS1.00; DIVIDEND YIELD OF 8.5% ▪ The Board of Directors of Dialog Axiata PLC resolved to propose a cash dividend to ordinary shareholders of Rs 1.00 per share totaling an outflow of Rs9.2Bn for approval by the Shareholders ▪ Dividend on per share basis of Rs1.00 for FY 20
Slide 5: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn FY 2024 YTD 4Q 24 QoQ YoY Revenue 171,171 -7% 45,795 +7% +6% Core Revenue 151,252 +10% 42,069 +6% +19% EBITDA 66,304 +8% 21,204 +18% +25% EBIT 20,518 +1% 9,124 +42% +37% Net Finance Cost 8,388 +4% 1,428 -18% >+100% PATAMI 12,461 -38% 6,770 +51% +29% OFCF 23,593 -7% 4,34
Slide 6: Group Revenue
GROUP REVENUE Revenue continued its positive trajectory, with a +7% increase QoQ, +6% YoY, albeit declining +7% YTD owing to reduction in low margin in Wholesale Business -7% +6% +7% 184,602 171,171 200 ,000 180 ,000 160 ,000 140 ,000 120 ,000 100 ,000 80, 000 43,390 42,832 45,795 60, 000 40, 000 20
Slide 7: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI EBITDA Recorded Strong Rebound in 2H 2024 in line with Core Revenue Growth and Cost Rescaling Initiatives Yielding Results YTD Reported PATAMI Decline due to Higher Forex Gain in FY 2023, Dilution Delivering a saving of LKR 5.6Bn YTD from Airtel (Rs2.2Bn) and Higher Taxation
Slide 8: Total Cost to Revenue Ratio Decrease 5.0pp YTD
TOTAL COST TO REVENUE RATIO DECREASE 5.0PP YTD OWING TO COST RESCALING INITIATIVES Q4 24 As % of Q3 24 As % of Q4 23 As % of FY 24 As % of FY 23 As % of QoQ YoY YTD revenue revenue revenue revenue revenue Total Cost Rs24,590Mn 53.7% Rs24,825Mn 58.0% Rs26,411Mn Rs105,002Mn Rs126,306Mn 57.4% 61.3% 66.
Slide 9: Invested Rs.30Bn in FY 2024 Towards Infrastructure and Airtel Integration
INVESTED Rs.30Bn in FY 2024 (up 19%) TOWARDS INFRASTRUCTURE UPGRADES AND AIRTEL NETWORK INTEGRATION YTD 2024 OFCF at Rs23.6Bn Capex Investments Directed Towards Expanding Data Leadership Capital expenditure was directed mainly towards +19% >+100% investments in High-Speed Broadband infrastructure to
Slide 10: Net Forex Exposure Reduced; Gearing Remains Low
NET FOREX EXPOSURE ON BALANCE SHEET REDUCED TO ~USD65.6MN BY YEAR END; GEARING REMAINS LOW WITH NET DEBT TO EBITDA AT 1.0X; USD 23MN PREPAYMNET MADE IN DEC ‘24 (Rs Mn) 31 Dec 24 30 Sep 24 30 Jun 24 31 Dec 23 Gross Debt 100,443 101,341 125,306 113,787 USD denominated debt (in USD Mn’s) 128.7 155.1 15
Slide 11: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Dialog Earnings Call – Q4 2024 11
Slide 12: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Revenue 1Growth Driven by Expansions in Subscriber Base uplift in Q3 due to Mobile and Data as well as Amalgamation of Airtel Addition of Airtel Base; Base up 13% YoY Total subs growth -1% QoQ; +13% YoY (Rs Mn) +24% (In ‘000) +12% Postpaid subs growth -2% QoQ; +1% YoY Pre
Slide 13: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Dialog Earnings Call – Q4 2024 13
Slide 14: Dialog Television
DIALOG TELEVISION QoQ Improved due to Subscription & Subscriber Base Growth Resuming in Q4 2024 Advertising Revenue Growth Total Subs growth +4% QoQ; -0% YoY (Rs Mn) Postpaid Subs growth -0% QoQ; -10% YoY 1% +4% Prepaid Subs growth +6% QoQ; +4% YoY (in ‘000s) +9% 1,672 1,624 1,620 1,599 1,666 12,352
Slide 15: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Revenue down due to Conscious Scale Down of EBITDA and PAT down due to rate card revision to reflect arm’s length Low Margin International Wholesale Business; pricing between DAP & DBN on Network, Electricity & Manpower Costs; Fixed Business Revenue Regaining Growth led by
Slide 16: Thank You
Thank You Dialog Earnings Call – Q4 2024 16