Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q2 2025 Earnings Presentation
16 slides from Dialog Axiata's earnings presentation, Aug 14, 2025
Slide 1: Earnings Call – Q2 2025
Earnings Call – Q2 2025 Dialog Axiata PLC 14 August 2025 Earnings Call – Q2 2025
Slide 2: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q2 2025
Slide 3: Dialog Group Performance Highlights – 1H 2025
DIALOG GROUP PERFORMANCE Dialog Sustains Growth Momentum; HIGHLIGHTS – 1H 2025 Delivering Strong 1H 2025 Performance YTD QoQ YoY Airtel Capex Directed to Address All Key Business Segments Healthy Subscriber Growth Standalone Growing Demand for Data Delivered Strong on the back of Improved Revenue 1H
Slide 4: ESG Performance for Q2 - 2025
ESG Performance for Q2 - 2025 Network Availability and # of Data Breaches and Average Download Energy Consumption Core Network Downtime Regulatory Actions over Speeds (Mbps) Data Protection Violations Energy Q2 ’24 Q2 ’25 Change Availability Q2 ’24 Q2 ’25 Change Q2 ’24 Q2 ’25 Change Q2 ’24 Q2 ’25 Ch
Slide 5: Group Financial Summary
GROUP FINANCIAL SUMMARY Market Consolidation and Transformation Yielding Results Rs Mn 1H 25 YTD 2Q 25 QoQ YoY Revenue 87,420 +6% 44,126 +2% +8% Core Revenue 84,163 +21% 42,805 +4% +23% EBITDA 40,462 +50% 20,764 +5% +54% PATAMI 9,197 >+100% 5,067 +23% >+100% OFCF 22,112 +78% 9,826 -20% +88% EBITDA M
Slide 6: Group Revenue
GROUP REVENUE Driven by Airtel Consolidation and Organic Growth Group Revenue Record Strong Growth YoY Mainly Driven by growth in Mobile and Fixed Segments +6% +8% +2% 87,420 80,000 70,000 82,544 60,000 50,000 40,000 30,000 40,983 43,294 44,126 20,000 10,000 0 1H 24 1H 25 Q2 24 Q1 25 Q2 25 ▪ Mobile
Slide 7: Total Cost to Revenue Ratio Decreasing 13.7pp YTD
TOTAL COST TO REVENUE RATIO DECREASING 13.7PP YTD OWING TO COST RESCALING INITIATIVES Q2 25 As % of Q1 25 As % of 1H 25 As % of 1H 24 As % of QoQ YTD revenue revenue revenue revenue Total Cost Rs23,228Mn 52.6% Rs23,597Mn Rs46,824Mn 53.6% Rs55,587Mn 67.3% -1.9pp 54.5% -13.7pp Direct Expenses 13.0% 15
Slide 8: Group EBITDA and PATAMI
GROUP EBITDA Profit Margins Continue to Expand AND PATAMI EBITDA increase Underpinned by Core Revenue PATAMI Growth Supported by Improved EBITDA and Lower Growth and Cost optimizations Finance Cost (Rs Mn) (Rs Mn) >+100% | Norm >+100% >+100% | Norm >+100% +50% +54% +23% | Norm +25% +5% 40,462 12, 00
Slide 9: Capex Investments Up 43% YTD; Tax Paid to GOSL Up 22% YoY
CAPEX INVESTMENTS UP 43% YTD ; TAX PAID TO GOSL UP 22% YoY Capex Investments Directed Towards Expanding Digital Capex Intensity at 17% for 1H 2025 Infrastructure Capital expenditure of Rs7.5Bn for 1H 2025 directed +43% +46% mainly towards investments in High-Speed Broadband (Rs Mn) 12,000 >+100% inf
Slide 10: Dialog Group Balance Sheet
DIALOG GROUP BALANCE SHEET Strong and Resilient...Forex Exposure Contained! (Rs Mn) 30 Jun 25 31 Mar 25 30 Jun 24 31 Dec 23 Gross Debt 105,024 98,492 125,306 113,787 USD denominated debt (in Mn) 108.5 123.6 155.1 156.0 USD denominated Cash (in Mn) 88.6 85.3 96.2 55.7 USD Net Exposure 32.3 39.4 118.1
Slide 11: Dialog Axiata PLC - Company Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q2 2025
Slide 12: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Revenue Recorded Positive Growth Driven by Data and Voice Subscriber Base uplift in Q3 due to Addition of Airtel Base; Base up 17% YoY Revenue resulting from Airtel, Yield Correction and Higher Usage (In ‘000) Total subs growth -1% QoQ; +17% YoY Postpaid subs growth 0% Qo
Slide 13: Subsidiary Performance – Dialog Broadband and Dialog TV
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q2 2025
Slide 14: Dialog Television
DIALOG TELEVISION Revenue Growth Driven by Subscription and Advertising Revenue Subscriber Base Remaining Resilient Total Subs growth -1% QoQ; +1% YoY (Rs Mn) Postpaid Subs growth -2% QoQ; -11% YoY +5% +9% (in ‘000s) Prepaid Subs growth 0% QoQ; +5% YoY +5% 7,000 1,620 1,599 1,666 1,635 1,626 6,000 5
Slide 15: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Overall Revenue drop due to Scaling Down of Low Margin wholesale/Hubbing Business. However Fixed Business continue growth Strong Profitability uplift on YTD and YoY basis; QoQ Impacted by over YTD, YoY and QoQ basis moderate Revenue Growth (Rs Mn) -38% | Fixed +6% | Int. -8
Slide 16: 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 Earnings Call – Q2 2025