Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q2 2021 Earnings Presentation
15 slides from Dialog Axiata's earnings presentation, 2021
Slide 1: Dialog Axiata PLC Q2 2021 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q2 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: Group Performance Highlights – Q2 2021
DIALOG GROUP PERFORMANCE HIGHLIGHTS – Q2 2021 Group Sustained Consistent Performance Despite Covid-19 Related Challenges Capex Investments Directed to All Key Business Segments Aggressive Subscriber Fulfil Growing Demand for Delivered Strong Growth YTD QoQ YoY Data and Digitisation Initiatives Perfo
Slide 4: 1st Quad-play Telco receives ISO 14001:2015 Certification
DIALOG RECEIVES ISO 14001:2015 CERTIFICATION The Certification will Achieve… • Internationally Certified Management System for reducing negative environmental impacts • Boost measurement, monitoring and reporting of Dialog’s environmental performance Sustainable Waste Management 1st Quad-play Telco
Slide 5: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn 1H 2021 YTD 2Q 21 QoQ YoY Revenue 67,929 +18% 35,079 +7% +25% EBITDA 27,867 +22% 14,212 +4% +33% PAT 7,045 +86% 4,606 +89% +100% OFCF 19,593 +23% 9,223 +11% +35% EBITDA Margin 41.0% 1.2pp 40.5% -1.1pp 2.5pp PAT Margin 10.4% +3.8pp 13.1% +5.7pp +4.9pp ROIC 17.6% +7.9pp 1
Slide 6: Group Revenue
GROUP REVENUE Positive Revenue Growth Across YTD, YoY and QoQ +18% +25% +7% 80, 000 70, 000 67,929 60, 000 57,424 50, 000 40, 000 32,850 35,079 30, 000 28,174 20, 000 10, 000 0 1H 20 1H 21 Q2 20 Q1 21 Q2 21 Mobile Revenue increased driven by Mobile Voice Revenue up 18% YTD driven by higher usage fol
Slide 7: Positive top line performance flowing through to profitability
POSITIVE TOP LINE PERFORMANCE FLOWING THROUGH TO PROFITABILITY; COST FOCUS AND FAVORABLE FOREX MOVEMENT FURTHER SUPPORTING PROFITABILITY Positive EBITDA Performance Driven by Top Line Growth and YTD and YoY PAT Improvement Driven by EBITDA and Lower Finance Cost; Diligent Cost Management QoQ Reporte
Slide 8: Total cost to revenue ratio improve 1.2pp on YTD basis
TOTAL COST TO REVENUE RATIO IMPROVE 1.2PP ON YTD BASIS Q2 21 As % of Q1 21 As % of Q2 20 As % of 1H 21 As % of QoQ YoY YTD revenue revenue revenue revenue Total Cost Rs20,867Mn 59.5% Rs19,196Mn 58.4% Rs17,471Mn Rs34,580Mn 62.0% 59.0% +1.1pp -2.5pp -1.2pp Direct Expenses 27.8% 26.3% 25.2% 26.4% +1.5p
Slide 9: Focused capex investments to accommodate urgent network upgrades
FOCUSED CAPEX INVESTMENTS TO ACCOMMODATE URGENT NETWORK UPGRADES Capex Investments Directed Towards Expanding Data Network; Mobile 4G and Fixed LTE PoP Coverage Reached 94% and 70% +36% +45% (Rs Mn) +68% 12,0 00 10,0 00 8,00 0 6,483 6,00 0 4,760 4,061 4,00 0 2,810 2,422 Capex 2,00 0 8% 10% 12% Inten
Slide 10: Group maintains a strong balance sheet with low gearing
DIALOG GROUP MAINTAINS A STRONG BALANCE SHEET WITH LOW GEARING; NET DEBT TO EBITDA AT 0.42X (Rs Mn) 30 Jun 21 31 Mar 21 31 Dec 20 30 Jun 20 Gross Debt 33,390 39,027 37,852 42,761 Net Debt 23,334 22,880 23,766 34,354 Cash and Cash Equivalents 10,595 16,146 14,086 8,407 Gross Debt / Equity (x) 0.41 0.
Slide 11: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 11
Slide 12: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Revenue Improvement Driven by Subscriber Acquisition and ARPU Marginally Improve QoQ and YoY up 5%; MOU’s Remained Retention Initiatives Stable QoQ (Rs Mn) +11% +17% 500 20% (Rs) 450 349 384 377 364 368 15% +2% 400 350 39,573 44,082 10% 300 10% 180 179 250 5% 200 158 1% 1
Slide 13: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 13
Slide 14: Dialog Television
DIALOG TELEVISION Strong Revenue Growth Translating to Improved Profitability Subscription Revenue Driving Topline Performance in line with Subscriber Growth led by Prepaid and Postpaid with Improved Churn New Subscriber Additions Management Drives Total subs growth +4% QoQ; +9% YoY (Rs Mn) Postpaid
Slide 15: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Delivering Growth Across All Key Parameters Revenue Growth Underpinned by Driven by International Topline Performance Coupled with Stable to Lower Depreciation and Wholesale and Fixed Broadband Revenue Lower Finance Cost Driving Profitability (Rs Mn) +33% | Fixed (+25%) Int