Annual Report 2012 - Dialog

More documents

Recommendations

Info

2 l Dialog Axiata PLC l Annual Report 2012 Message from the Chairman My Dear Shareholders, It is with distinct pleasure that I write to you at the close of the financial year 2012 and report that your Company and its subsidiaries have recorded yet another year of stellar performance. Our results for the year reflect sound execution of our business strategies which in turn have been centered on an aggressive but calculated expansion plan on the backdrop of meticulous diligence with respect to execution and prudent management of resources. Despite a challenging, competitive and economic environment, your Company, as Sri Lanka’s premier mobile services provider recorded strong revenue growth across Mobile, International, Digital Pay Television, Tele-Infrastructure and Fixed Line businesses to record consolidated revenue of Rs. 56.35Bn for the year ending 31st December 2012, demonstrating a significant growth of 24% YoY. Top line growth was equally reflected in terms of earnings with Group NPAT growing 23% YoY to be recorded at Rs. 6.02Bn in FY 2012. The Board is happy to propose for your consideration, a full year dividend of 33 cents per share, up 32% of the previous year dividend of 25 cents per share. Prudent cash flow management coupled with robust business performance and optimisation of cost management has facilitated this excellent business performance which has been enumerated in more detail in the business review section of this annual report. The Group continued to make aggressive investments in consolidating its leadership in terms of its nationwide ICT (Information Communication Technology) infrastructure footprint, and the application of cutting edge technology across its Mobile, Fixed and Broadband businesses. Sri Lanka’s Telecommunications Sector entered the 4G era, with the launch of Commercial Fixed LTE Services in the city of Colombo by our fully owned subsidiary Dialog Broadband Networks (DBN).
Annual Report 2012 l Dialog Axiata PLC l 3 We also built on our strong track record as a responsible corporate citizen, investing aggressively in multiple community empowerment projects including Nenasa – the distance education network we have gifted for the benefit of Sri Lanka’s school children, the Dialog Scholar programme and a comprehensive portfolio of projects undertaken through the Dialog Foundation. During the year we also completed the acquisition of Suntel Limited by DBN. The combined strengths of DBN and Suntel will be synergised towards establishing a best in class infrastructure platform to further consolidate Dialog’s leadership position in Sri Lanka’s fast expanding B2B and B2C sectors. During the course of 2012, your Company also made a very bold and determined entry to Sri Lanka’s Digital Commerce space via an investment in a Joint Venture encompassing the e-commerce properties of Anything.lk and those of the Dialog Group. Your Company also earned the distinction of becoming the first mobile telecommunications operator to be awarded a Payment Systems Provider license under the aegis of the Central Bank of Sri Lanka. We believe that these initiatives will play a pivotal role in elevating electronic commerce and payments in Sri Lanka to the mainstream market and will succeed in extending their benefits to a wide and plural segment of Sri Lankan consumers. The Dialog Group also continued as the nation’s top foreign direct investor with infrastructure investments totaling USD 136.1Mn during the year and cumulating to over USD 1.41Bn since inception. Board Changes I welcome Mr. Mohd Khairil Abdullah who has been appointed as a Non Independent/Non-Executive Director on the Board of Dialog Axiata, as Axiata Group Berhad’s nominee director, in replacement of Mr. Azwan Khan Osman Khan. Acknowledgements As always it gives me immense pleasure to extend my profound thanks to our stakeholders including shareholders, customers, suppliers and team Dialog led admirably as usual by Dr. Hans Wijayasuriya. I also wish to extend my sincere gratitude to the Telecommunications Regulatory Commission of Sri Lanka and other stakeholders from the regulatory sphere as well as my own fellow Board Directors for the advice, guidance and support that has made 2012 such a successful year for us. Datuk Azzat Kamaludin Chairman of the Board of Directors 30th March, 2013
Page 1 and 2: Dialog Axiata PLC l Annual Report 2
Page 3: Introduction to the Company Dialog
Page 7 and 8: Annual Report 2012 l Dialog Axiata
Page 13 and 14: Mr. Moksevi Prelis Independent, Non
Page 15 and 16: Mr. James Maclaurin Non-Independent
Page 17 and 18: Group NPAT Rs. Mn +23% 7,000 6,000
Page 19 and 20: Gross Debt to Equity 2.0 1.5 1.0 0.
Page 23 and 24: Dialog Axiata PLC - Financial Revie
Page 27 and 28: EBITDA Annual Report 2012 l Dialog
Page 39 and 40: Table 1: Market information on DIAL
Page 43 and 44: Figure 4: Trend in Composition of S
Page 45: Financial Reports Annual Report of
Page 48 and 49: 46 l Dialog Axiata PLC l Annual Rep
Page 54 and 55:
52 l Dialog Axiata PLC l Annual Rep
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
100 l Dialog Axiata PLC l Annual Re
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
show all

Annual Report 2012 - Dialog

Create successful ePaper yourself

Delete template?

Save as template?