Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q3 2021 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, 2021
Slide 1: Dialog Axiata PLC Q3 2021 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q3 2021 Results 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 2
Slide 3: Dialog Group Performance Highlights – Q3 2021
DIALOG GROUP PERFORMANCE HIGHLIGHTS – Q3 2021 Maintaining Consistent Performance Capex Investments to Fulfil All Key Business Segments Aggressive Subscriber Growing Demand for Data Delivered Strong Growth YTD QoQ YoY Performance in Q3 21 Revenue +19% Q3 21 – Rs36.9Bn +5% +21% YTD 21 – Rs104.8Bn PoP
Slide 4: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn YTD 2021 YTD 3Q 21 QoQ YoY Revenue 104,791 +19% 36,862 +5% +21% EBITDA 43,479 +19% 15,613 +10% +14% PAT 12,452 +45% 5,407 +17% +13% OFCF 16,033 -25% -3,560 >-100% >-100% EBITDA Margin 41.5% 0.0pp 42.4% +1.8pp -2.4pp PAT Margin 11.9% +2.1pp 14.7% +1.5pp -1.0pp ROIC 18.9%
Slide 5: Group Revenue
GROUP REVENUE Positive Revenue Growth Across YTD, YoY and QoQ +19% +21% +5% 120 ,000 104,791 100 ,000 87,894 80, 000 60, 000 35,079 36,862 40, 000 30,471 20, 000 0 YTD 20 YTD 21 Q3 20 Q2 21 Q3 21 Mobile Revenue increased due to Mobile Voice Revenue and Data Revenue driven by increased usage of exist
Slide 6: Positive Top Line Performance Flowing Through to Profitability
POSITIVE TOP LINE PERFORMANCE FLOWING THROUGH TO PROFITABILITY YTD and YoY Reported PAT Improvement Driven by EBITDA and Lower EBITDA Growth Driven by Revenue Contribution and Diligent Finance Cost albeit Higher Forex Losses; QoQ Reported PAT Supported by Overall Cost Management EBITDA Growth and St
Slide 7: Total Cost to Revenue Ratio Declined QoQ and Remained Stable YTD
TOTAL COST TO REVENUE RATIO DECLINED QOQ AND REMAINED STABLE YTD Q3 21 As % of Q2 21 As % of Q3 20 As % of YTD 21 As % of QoQ YoY YTD revenue revenue revenue revenue Total Cost Rs21,249Mn 57.6% Rs20,867Mn 59.5% Rs16,830Mn 55.2% Rs61,312Mn -1.9pp +2.4pp 0.0pp 58.5% Direct Expenses 28.4% 27.8% 26.2% 2
Slide 8: Focused Capex Investments to Support Network Capacity and Coverage
FOCUSED CAPEX INVESTMENTS TO SUPPORT NETWORK CAPACITY AND COVERAGE Capex Intensity at 24% YTD 2021 Aggressive Investments Made on Network Upgrades in Q3 ‘21; Mobile 4G and Fixed LTE PoP Coverage Reached 93% and 70% >+100% >+100% (Rs Mn) >+100% 24,704 25,0 00 20,0 00 18,221 15,0 00 12,033 10,0 00 7,2
Slide 9: Dialog Group Maintains a Strong Balance Sheet with Low Gearing
DIALOG GROUP MAINTAINS A STRONG BALANCE SHEET WITH LOW GEARING; NET DEBT TO EBITDA AT 0.26X (Rs Mn) 30 Sep 21 30 Jun 21 31 Dec 20 30 Sep 20 Gross Debt 34,106 33,390 37,852 39,053 USD denominated Debt (in USD Mn’s) 98.6 116.7 163.9 181.0 Net Debt 15,350 23,334 23,766 25,722 Cash and Cash Equivalents
Slide 10: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 10
Slide 11: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Revenue Improvement Driven by Improvement in Both ARPU and MOU’s improve QoQ by 2% and 5% respectively Subscriber Acquisition and Service Usage (Rs Mn) (Rs) +11% +11% 500 20% 377 450 +5% 400 384 364 368 374 15% 60,629 67,556 350 10% 10% 300 250 164 180 179 179 2% 5% 21,05
Slide 12: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 12
Slide 13: Dialog Television
DIALOG TELEVISION Strong Revenue Growth and Stable Forex Translating to Improved Profitability Subscription Revenue Driving Topline Performance along with Subscriber Growth led by Prepaid and Postpaid with Improved Churn Growing Advertising Revenue Management Drives Total subs growth +2% QoQ; +14% Y
Slide 14: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Delivering Growth Across All Key Parameters Revenue Growth Underpinned and Driven by International EBITDA Improve amid Revenue Growth and Cost Management Wholesale and Fixed Broadband Revenue (Rs Mn) +39% | Fixed (+33%) Int. (+45%) +50% | Fixed (+50%) Int. (+51%) (Rs Mn) YT
Slide 15: Thank you
Thank you For further information Contact : Investor relations Team, Dialog Axiata PLC Mobile : +94 777332052 Email : ir@dialog.lk Web site : www.dialog.lk 15