Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q2 2024 Earnings Presentation
14 slides from Dialog Axiata's earnings presentation, 2024
Slide 1: Dialog Axiata PLC Q2 2024 Results
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q2 2024 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 Dialog - Internal
Slide 3: Dialog Group Performance Highlights – 1H 2024
DIALOG GROUP PERFORMANCE HIGHLIGHTS – 1H 2024 Core Business Remains Resilient Capex Investments Directed to All Key Business Segments Aggressive Subscriber Fulfil Growing Demand for Delivered Strong Growth YTD QoQ YoY Data and Digitisation Initiatives Performance Revenue -13% Q2 24 – Rs41.0Bn -1% -1
Slide 4: Group Revenue
GROUP REVENUE Revenue Impacted due to continued scaling down of Mobile Segment Continues to be the 1H 2024 low margin International Wholesale Business and forex Largest Contributor to Group Revenue appreciation; Core Revenue remain resilient, up 2% YoY QoQ YoY YTD 6% 1% -13% -12% 2% 11% 7% Mobile +2
Slide 5: Group EBITDA and PATAMI
GROUP EBITDA AND PATAMI EBITDA Remain Flat YTD and QoQ Driven by Cost Rescaling Initiatives which delivered an estimated saving of Rs2.3Bn for Sharp decline in reported PATAMI due to decline in Forex gain; Normalized 1H 2024, Despite one-off costs recognized in Q2 2024 PATAMI impacted by higher depr
Slide 6: Focused Capex to Support Critical Infrastructure Upgrades
FOCUSED CAPEX TO SUPPORT CRITICAL INFRASTRUCTURE UPGRADES 1H 2024 OFCF at Rs12.6Bn Capex Investments Directed Towards Expanding Data Network (Rs Mn) -45% -43% +87% 2 5 ,0 0 2 0 , 0 1 5 ,0 0 13,972 1 0 , 0 7,680 8,723 Capex 5,001 2,680 Intensity 9% 5 ,0 0 15% 19% 19% - 6% 1H 23 1H 24 Q2 23 Q1 24 Q2 2
Slide 7: Group Financial Summary
GROUP FINANCIAL SUMMARY Rs Mn 1H 2024 YTD 2Q 24 QoQ YoY 1 Revenue 82,543 -13% 40,983 -1.4% -12% Core Revenue 69,338 +2% 34,774 +1% +4% EBITDA 27,055 -0.4% 13,509 -0.3% -5% EBIT 4,950 -22% 2,306 -13% -36% Net Finance Cost 5,207 -7% 2,209 -26% -37% PATAMI 1,195 -90% (1,574) >-100% >-100% OFCF 12,550 >
Slide 8: Reduction of Forex Exposure on Balance Sheet Continues; Gearing Remains Low
REDUCTION OF FOREX EXPOSURE ON BALANCE SHEET CONTINUE; GEARING REMAINS LOW WITH NET DEBT TO EBITDA AT 1.33X (Rs Mn) 30 Jun 24 31 Mar 24 31 Dec 23 30 Jun 23 Gross Debt 125,306 112,919 113,787 110,190 USD denominated debt (in USD Mn’s) 155.1 156.0 156.0 181.4 Net Debt 71,740 71,656 73,174 61,757 Cash
Slide 9: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 9 Dialog - Internal
Slide 10: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Subscriber Growth moderated QoQ: Post paid base up Revenue Improvement Driven by Expansion in Data Revenue 1% QoQ Total subs growth -3% QoQ; -7% YoY (Rs Mn) +5% (In ‘000) +2% Postpaid subs growth +1% QoQ; +0% YoY Prepaid subs growth -3% QoQ; +8% YoY +1% 50,433 51,626 17,9
Slide 11: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV 11 Dialog - Internal
Slide 12: Dialog Television
DIALOG TELEVISION YTD Revenue Growth Despite Affordability Challenges Revenue growth remains lackluster amid affordability challenges; Affordability Challenges Impeding Subscribe base Growth; YTD Revenue up 1% driven by subscription revenue Maintained at 1.6m HH level Total subs growth -0% QoQ; -3%
Slide 13: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Delivering Fixed Business Revenue Growth and Profitability Revenue decline underpinned by continued scaling down of low margin International Wholesale Business; Fixed Business continues Profitability Improve driven by Revenue Growth; Higher taxes to grow across periods driv
Slide 14: Thank You
Thank You 14 Dialog - Internal