Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q2 2017 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, 2017
Slide 1: Dialog Axiata PLC – Sri Lanka's Premier Connectivity Provider Q2 2017
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q2 2017 an axiata company
Slide 2: Dialog Group Performance, Company Performance, Subsidiary Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2
Slide 3: Dialog Group Performance Highlights – Q2 2017
Dialog Group Performance Highlights – Q2 2017 Strong 2nd Quarter Performance on the back of Aggressive Revenue and Cost Initiatives Solid Growth in Q2 backed by Strong Recovery in Core Revenue Streams and Aggressive Cost Initiatives • Q2 2017 Group Revenue at Rs23.0Bn, grew 4% QoQ • Q2 2017 Group EB
Slide 4: Group Financial Summary
Group Financial Summary Strong Q2 Performance Amidst External Challenges Rs Mn 2Q 17 QoQ 1H 2017 YTD Revenue 23,012 4% 45,177 7% EBITDA 8,130 13% 15,351 9% PAT 2,346 52% 3,893 -21% PAT (Norm)1 2,607 44% 4,418 -15% EBITDA Margin 35.3% 2.8pp 34.0% 0.6pp PAT Margin 10.2% 3.2pp 8.6% -3.1pp ROIC 13.5% 1.
Slide 5: Group Revenue Up by 4% QoQ led by Strong Recovery in Core Revenue Streams
Group Revenue Up by 4% QoQ led by Strong Recovery in Core Revenue Streams; Data Growth of 12% QoQ while Drop in Termination Curtailed to 2% Strong Recovery of Core Revenue Streams Amidst Constrained Consumer Spending +9% +7% (Rs Mn) +4% 45,177 42,222 23,012 22,165 21,065 Q2 17 Q1 17 Q2 16 1H 17 1H 1
Slide 6: Q2 Profitability Growth Delivered on Solid Revenue Growth and Cost Efficiencies
Q2 Profitability Growth Delivered on Solid Revenue Growth and Cost Efficiencies; EBITDA Margin Improved 2.8pp QoQ Strong EBITDA Growth and Improved EBITDA PAT Improved by 52% QoQ while YTD Decline Margins led by Higher Depreciation and Finance Cost (Rs Mn) (Rs Mn) +15% +9% +3% -21% +13% +52% 18,000
Slide 7: Contributed Rs19.1Bn to Government Revenue in 1H 2017, Up 13% YTD
Dialog Contributed Rs19.1Bn to Government Revenue in 1H 2017, Up 13% YTD Dialog Group remitted a total of Rs19.1Bn to GoSL during the six months ended 30th June 2017. Total remittances included direct taxes and levies as well as consumption taxes collected on behalf of the GoSL Payments to GoSL – Up
Slide 8: Focused Capex Investments to Support Rapid Growth in Mobile Broadband and Home Broadband
Focused Capex Investments to Support Rapid Growth in Mobile Broadband and Home Broadband Revenues. Capex Intensity for 1H 2017 at 21% Capex Investment Focused towards Coverage Positive OFCF with Strong Operating Expansion for 4G and Fixed LTE Cashflows and Focused Capex (Rs Mn) (Rs Mn) +33% +34% -84
Slide 9: Group Net Debt to EBITDA Maintained Below 1.0x
Group Net Debt to EBITDA Maintained Below 1.0x with Improved Profitability and Working Capital Management 30 Jun 17 31 Mar 17 30 Jun 16 (Rs Mn) Gross Debt 33,402 33,041 31,850 Net Debt 28,887 28,919 28,197 Cash and Cash Equivalents 4,515 4,123 3,653 Gross Debt / Equity (x) 0.61 0.59 0.64 Gross Debt/
Slide 10: Dialog Axiata Company Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 10
Slide 11: Dialog Axiata PLC (Company)
Dialog Axiata PLC (Company) Dialog Continues to Capture Market Share Despite Aggressive Competitive Environment; Data Driving Recovery in QoQ ARPUs Revenue Grew 4% QoQ Driven by Data up Data ARPU1 Driving ARPU Growth Supported by 12% and Voice up 2% 4G Conversion and Coverage Expansion (Rs Mn) +8% +
Slide 12: Subsidiary Performance
Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 12
Slide 13: Dialog Television
Dialog Television Significant Improvement in QoQ EBITDA and PAT Amidst Affordability Pressure and Aggressive Competition TV Revenues Grew QoQ and YTD Despite QoQ EBITDA Expanded on the back of Growth Unfavorable Macro Conditions in Revenue and Aggressive Cost Initiatives (Rs Mn) (Rs Mn) Q2 17 QoQ 1H
Slide 14: Dialog Broadband Networks – Fixed Business
Dialog Broadband Networks – Fixed Business Revenue Growth Underpinned by Home Broadband (HBB) on the back of Network Coverage Enhancements Fixed Revenue Improvement Driven by Second Consecutive Quarter of Positive PAT HBB on the back of Strong Revenue Growth (Rs Mn) (Rs Mn) +34% +36% Q2 17 QoQ 1H 17
Slide 15: Thank You
Dialog Thank You 15