Dialog Axiata PLC · CSELK:DIAL.N0000
Dialog Axiata — Q4 2011 Earnings Presentation
18 slides from Dialog Axiata's earnings presentation, February 2012
Slide 1: Dialog Axiata PLC Investor Forum Q4 2011
Enriching Sri Lankan Lives Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider .......... Investor Forum Q4 2011 an axiata company
Slide 2: Dialog Group
Dialog Group 2 Dialog
Slide 3: Group Performance Highlights - 2011 vs 2010
Group Performance Highlights - 2011 vs 2010 Revenue Significant YoY Growth in Revenue at Dialog Company DBN DTV Dialog Group Group, Company and DTV 10% 1% 18% 10% YoY growth Rs41.8bn Rs2.4bn Rs2.4bn Rs45.6bn EBITDA Improvement in EBITDA due to Revenue Growth and Operational Dialog Company DBN DTV Di
Slide 4: Dialog Group: P&L Highlights
Dialog Group: P&L Highlights Growth Momentum Continues with Strong Q4 Results (All figures in Rs Mn) QoQ YoY YTD Q4 11 2011 Change Change Change Revenue 11,973 +3% +11% 45,637 +10% EBITDA 4,733 +9% +20% 16,448 +9% Normalised EBITDA 4,422 +11% +12% 15,795 +5% EBITDA Margin 40% +2pp +3pp 36% -0.5pp No
Slide 5: Group Revenue Trends
Group Revenue Trends Records 11th Consecutive Quarters of Revenue Growth Revenue +11% 10% +3% 45,637 41,423 Rs Mn 10,754 10,953 11,063 11,648 11,973 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 2010 2011 Revenue up 10% YoY, driven by core cellular business supported by revenue growth in Pay TV and Infrastructure
Slide 6: Improved Profitability driven by Revenue Growth and Cost Efficiency
Improved Profitability driven by Revenue Growth and Cost Efficiency Group EBITDA +20% (Normalised +12%) +9% (Normalised +5%) +9% (Normalised +11%) Rs Mn EBITDA margin 40% 40% 16,448 37% 15,123 40% • Up 3% pts Vs Q3 11 (Norm) 16,000 37% 14,000 35% 37% • Q4 EBITDA margin at 37% (Norm) 33% 36% • EBITDA
Slide 7: Group EBITDA and PAT – Q3 2011 vs Q4 2011
Group EBITDA and PAT – Q3 2011 vs Q4 2011 Strong performance driven by Growth in Revenues & Re-scaled Cost Structure Group EBITDA +11% +7% Rs Mn 311 4,733 276 4,422 325 3,997 (176) Higher Origination cost in line with increased minutes, increase in outbound roaming cost and increase in frequency fee
Slide 8: Group EBITDA and PAT – 2010 vs 2011
Group EBITDA and PAT – 2010 vs 2011 EBITDA Growth driven by Enhanced Revenue; PAT impacted by Higher Forex Losses Group EBITDA Increase in international origination, roaming local interconnection changes and escalation in Network operating costs Rs Mn +5% +4% 4,214 653 16,448 15,055 ( 2,368) 15,795
Slide 9: Maintains Positive FCF for the Eighth Consecutive Quarter
Maintains Positive FCF for the Eighth Consecutive Quarter Capex* Free cash Flow (FCF)** Rs Mn Rs Mn -32% +27% +193% -6% 8,500 +76% -16% 36% 7,500 6,500 10,500 55% 27% 26% 9,500 22% 5,500 45% 20% 8,500 4,500 7,500 35% 17% 6,500 28% 27% 3,500 16% 23% 17% 7,728 5,500 17% 25% 10% 19% 2,500 9% 8,251 4,50
Slide 10: Dialog Group Balance Sheet
Robust Balance Sheet Built on Strong Free Cash Flows (All figures in Rs. Mn.) Q2 11 Q4 11 Trend Q4 10 Q1 11 Q3 11 except for ratio’s Dialog Group Balance Sheet Gross Debt Position* 27,636 28,307 27,654 27,244 25,151 Gross Debt to EBITDA** 1.76 1.99 1.81 1.57 1.33 Net Debt to EBITDA** 1.41 1.43 1.26
Slide 11: Dialog Axiata PLC – Company
Dialog Axiata PLC – Company 11
Slide 12: Dialog Company: P&L Highlights
Dialog Company: P&L Highlights EBITDA Growth driven by Enhanced Revenue & Lower Operating Costs; PAT Impacted by Higher Forex Loss QoQ YoY YTD (All figures in Rs Mn) Q4 11 2011 Change Change Change Revenue 10,923 +2% +10% 41,776 +10% EBITDA 4,326 +6% +20% 15,208 +5% EBITDA Margin 40% +2pp +3pp 36% -
Slide 13: Company – Revenue Trends & Operational Performance
Company – Revenue Trends & Operational Performance Steady Increase in Revenue driven by Healthy Subscriber Growth with Stable ARPU and MoU Company Revenue Rs Mn +39% 10,677 10,923 10,029 10,148 9,296 9,671 9,886 Revenue up 8,906 9,101 8,126 8,316 26% compared to 7,841 2009; up 39% Vs Q1 09 Q1 09 Q2
Slide 14: Subsidiary Performance
Subsidiary Performance 1 Dialog
Slide 15: Dialog Television (DTV): P&L Highlights
Dialog Television (DTV): P&L Highlights Turnaround in Profitability with Strong Revenue Growth and Operational Efficiency YoY (All figures in Rs Mn) QoQ YTD Q411 Change 2011 Change Change Revenue 674 +13% +34% 2,396 +18% EBITDA 197 +67% -5% 574 +68% EBITDA Margin 29% +9pp -12pp 24% +7pp PAT 49 +>100
Slide 16: Dialog Broadband Networks (DBN): P&L Highlights
Dialog Broadband Networks (DBN): P&L Highlights Seventh Consecutive Quarter of Positive EBITDA; Higher Depreciation Impacting Q4 PAT YoY QoQ YTD (All figures in Rs Mn) Q4 11 Change 2011 Change Change Revenue 610 +0.3% +3% 2,382 +1% EBITDA 209 +36% +75% 665 +>100% EBITDA Margin 34% +9pp +14pp 28% +16
Slide 17: 2011 Highlights
2011 Highlights Group delivered strong performance in all key financial Metrics YoY Revenue up by 10% YoY to Rs45.6bn EBITDA grew by 9% YoY to Rs16.4bn PAT grew by 6% YoY to Rs5.4bn Company revenues up 10% YoY and 2% QoQ Growth in Mobile Voice/Mobile Broadband & VAS Global and Tele-Infrast
Slide 18: Thank You
Thank You 18 Dialog