Dialog Axiata PLC · CSELK:DIAL.N0000
Dialog Axiata — Q2 2016 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, Aug 10, 2016
Slide 1: Dialog Axiata PLC Q2 2016 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q2 2016 Results 10th August 2016 an axiata company
Slide 2: Group Performance, Company Performance, Subsidiary Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2
Slide 3: Dialog Group Performance Highlights
Dialog Group Performance Highlights Dialog Posts Strong 1H despite 2nd Quarter Challenges Group 1H of 2016 registered strong performance with growth across Mobile, TV and Fixed Businesses 1H Group Revenue at Rs42.2Bn, grew by 20% YTD 1H Group EBITDA at Rs14.1Bn, increased by 18% YTD 1H Group P
Slide 4: Group Financial Summary
Group Financial Summary Rs Mn Q2 16 QoQ 1H 16 YTD Revenue 21,065 -0.4% 42,222 20% EBITDA 7,057 1% 14,076 18% PAT 2,287 -14% 4,958 27% EBITDA Margin 33.5% 0.3pp 33.3% -0.6pp PAT Margin 10.9% -1.8pp 11.7% 0.6pp ROIC 15.1% -2.2pp 16.2% 2.4pp All financial metrics improved significantly YTD with ROIC im
Slide 5: Q2 2016 Group Revenue remained flat at Rs21.1Bn
Q2 2016 Group Revenue remained flat at Rs21.1Bn impacted by introduction of VAT and NBT of 15% and 2% respectively, and adverse weather Group Revenue (Rs Mn) +19% +20% -0.4% 42,222 35,075 20,039 21,157 21,065 17,745 18,816 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 1H 16 1H 15 Introduction of VAT at 15% and NBT
Slide 6: Q2 2016 Group PAT at Rs2.3Bn declined by 14% QoQ
Q2 2016 Group PAT at Rs2.3Bn declined by 14% QoQ on the back of constrained Revenue growth, higher depreciation and unrealised forex losses Group EBITDA and PAT (Rs Mn) +19% +18% +1% 14,076 14,0 00 11,897 12,0 00 10,0 00 7,019 7,057 6,314 8,00 0 5,919 5,613 6,00 0 4,958 3,888 EBITDA (Rs Mn) 2,670 2,
Slide 7: Focused Capex Investments further Strengthen the Group's Leadership
Focused Capex Investments further Strengthen the Group’s Leadership in Sri Lanka’s ICT sector Capex (Rs Mn)* / Capex Intensity (%) +17% +34% +41% 10,618 120 % 10,0 00 100 % 8,00 0 7,091 80% 6,00 0 53% 5,276 60% 4,148 3,536 3,683 4,00 0 2,942 40% 20% 20% 20% 17% 15% 2,00 0 14% 20% - 0% Q2 15 Q3 15 Q4
Slide 8: Structurally Strong Balance Sheet with Net debt to EBITDA Sustained at 1.0x
Structurally Strong Balance Sheet with Net debt to EBITDA Sustained at 1.0x (Rs Mn) 30 Jun 16 31 Mar 16 31 Dec 15 Gross Debt 31,850 31,540 22,910 Net Debt 28,197 21,799 18,481 Gross Debt / equity (x) 0.64 0.63 0.48 Gross Debt/ EBITDA (x) 1.13 1.12 1.02 Net Debt/ EBITDA (x) 1.00 0.78 0.82 8
Slide 9: Dialog Axiata Company Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 9
Slide 10: Dialog Axiata PLC (Company)
Dialog Axiata PLC (Company) YTD EBITDA and PAT improvement driven by Revenue Growth +17% +19% -2% 40,0 00 35,639 35,0 00 29,847 30,0 00 25,0 00 17,007 17,972 17,667 16,089 20,0 00 15,157 15,0 00 12,181 9,959 Revenue (Rs Mn) 10,0 00 4,905 5,581 6,283 5,898 EBITDA (Rs Mn) 4,804 5,350 3,777 5,00 0 3,02
Slide 11: Mobile Subscriber Growth Continues; up 5% QoQ and 9% YoY
Mobile Subscriber Growth Continues; up 5% QoQ and 9% YoY No of Mobile Subscribers’000 Blended ARPU (Rs) & MOU Total subs growth +5% qoq; +9% yoy Postpaid subs growth +11% qoq; +17% yoy Prepaid subs growth +4% qoq; +8% yoy 393 390 10,872 10,590 11,068 372 378 10,142 10,312 346 1,141 1,298 1,112 1,135
Slide 12: Subsidiary Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 12
Slide 13: Dialog Television
Dialog Television Continues to Consolidate Revenue Growth with Revenue increasing by 12% YTD +16% +12% -1% 3,70 0 3,80 0 3,30 0 3,140 3,20 0 2,801 2,70 0 2,80 0 Revenue (Rs Mn) 2,30 0 2,20 0 EBITDA (Rs Mn) 1,463 1,516 1,577 1,563 1,70 0 1,345 1,80 0 PAT (Rs Mn) 1,30 0 1,20 0 516 202 212 700 183 800
Slide 14: Dialog Broadband Networks
Dialog Broadband Networks EBITDA improved significantly QoQ and YTD on the back of Strong uptake of LTE Services +26% +24% +8% 4,80 0 4,355 5,80 0 3,80 0 3,524 4,80 0 3,80 0 2,260 2,80 0 1,969 2,095 1,791 1,815 2,80 0 1,782 Revenue (Rs Mn) 1,80 0 1,402 1,80 0 814 1,032 EBITDA (Rs Mn) 802 655 750 800
Slide 15: Thank You
Dialog Thank You 15