Annual Report 2012 - Dialog

EBITDA
Annual Report 2012 l Dialog Axiata PLC l 25
Dialog Television (DTV) - Financial Review
DTV continued its positive growth trajectory with a revenue growth of 27% YoY to reach Rs. 2.99Bn in FY 2012.
Revenue growth was fuelled by the increase in subscription revenue and higher connection fees due to subscriber
additions of over 48,000.
Revenue comprises initial connection fees, subscription rentals and other revenue including revenues from advertising
and miscellaneous services. The revenue generated from monthly subscriptions accounted for 84% of the total revenue
in FY 2012.
DTV EBITDA was posted at Rs. 636Mn in FY 2012, an improvement of 11% compared to FY 2011 on the backdrop
of strong revenue growth. EBITDA performance was achieved amidst significant inflation with respect to energy related
costs and foreign exchange denominated inputs such as television channel and satellite transponder costs as well as
cost expansion arising from the launch of HD services.
Despite the strong improvement in EBITDA, NPAT however decreased by 57% YoY to record at Rs. 11Mn for FY 2012
due to the recording of an exceptional impairment charge arising from transition of the company’s satellite network from
MPEG2 to MPEG4 and HD technologies.
Revenue
Rs. Mn +27%
4,000
3,000
2,000
1,000
0
2,023
10
2,362
11
2,993
12
Rs. Mn +11%
Rs. Mn -57%
800
600
400
200
0
343
10
574
11
636
12
NPAT
50
0
(50)
(100)
(150)
(200)
(154)
10
26
11
11
12