Download - Axiata Group Berhad - Investor Relations

O P E R A T I N G C O M P A N I E SREVIEWThere was clear evidence of sustainedrecovery in most economies in 2009.Indonesia, Bangladesh and Indiaespecially have shown resiliencea g a i n s t t h e g l o b a l e c o n o m i cslowdown. Furthermore, inflationaryled pressures eased in Sri Lanka andother markets, relatively lower tothe highs of 2008.We are particularly pleased with theexcellent results of Celcom, XL andRobi. All three OpCos have increasedmarket share and profitability, withCelcom and XL performing the bestin the industry.We also saw encouraging trends inSri Lanka with Dialog 4 , which reflectsthe success of Dialog’s concertedfocus on targeted revenue growthand cost management as well as itsability to accelerate performance inan increasingly competitive operatinglandscape. However, in Cambodia,Hello 5 continues to face challenges ina highly competitive market withnine operators.We are also happy to see our Indianand Singaporean affiliates, Idea 6 andM1 7 , producing solid results. Westarted the year cautiously, giventhe uncertain economic environment.With a strong emphasis on costmanagement, we have achievedimproved EBITDA margin acrossmost OpCos.Accelerated Performance atCelcom and XLMalaysiaExcellent execution of segmentedmarketing, as well as continued focuson mobile broadband, saw Celcomrecording the highest revenuegrowth, up 12.8% YoY to RM6.3b i l l i o n . T h i s c o u p l e d w i t himplementation of a strict costmanagement programme sawEBITDA improve by 11.0% in thesame period. Amidst a competitivee n v i r o n m e n t , E B I T D A m a r g i n ,excluding additional Universal ServiceProvision (USP) and Employees ShareOption Scheme (ESOS) charges,improved by 0.1 percentage point.PAT grew significantly by 19.0%,with a record amount of RM1.5billion.4 Dialog – brand name ofDialog Telekom PLC5 Hello – brand name ofHello Axiata Company Limited6 Idea – brand name ofIdea Cellular Limited7M1 – brand name of M1 LimitedAxiata Group Berhad • 020