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Axiata Group Berhad | Annual Report 2016
MANAGEMENT DISCUSSION & ANALYSIS
026
2016 IN REVIEW: GROUP PERFORMANCE
Operational Highlights
All in RM Million unless stated otherwise
FY2016
FY2015
FY2014
2
FY2013
FY2012
1.
Operating Revenue
21,565
19,883
18,712
18,371
17,652
2.
Earnings Before Interest Tax Depreciation and Amortisation
(EBITDA)
8,013
7,284
6,999
7,271
7,424
3.
Earnings from Associates & Jointly Controlled Entities
30
434
339
255
211
4.
Profit Before Tax (PBT)
1,140
3,331
3,147
3,533
3,762
5.
Profit After Tax (PAT)
657
2,636
2,369
2,739
2,880
6.
Profits After Tax and Minority Interests (PATAMI)
504
2,554
2,365
2,550
2,513
7.
Normalised PATAMI
1
1,418
2,071
2,256
2,761
2,784
8.
Total Shareholders’ Equity
23,581
23,525
20,761
19,622
20,101
9.
Total Assets
70,489
56,118
49,106
43,497
42,931
10. Total Borrowings
22,260
16,392
13,893
13,436
12,658
11. Subscribers (million)
3
322
275
266
244
205
Growth Rates YoY
1.
Operating Revenue
8.5%
6.3%
1.9%
4.1%
8.4%
2.
EBITDA
10.0%
4.1%
-3.7%
-2.1%
3.4%
3.
Total Shareholders’ Equity
0.2%
13.3%
5.8%
-2.4%
1.3%
4.
Total Assets
25.6%
14.3%
12.9%
1.3%
4.4%
5.
Total Borrowings
35.8%
18.0%
3.4%
6.1%
10.5%
Share Information
1.
Per Share
Earnings (basic) – sen
5.7
29.5
27.4
29.9
29.6
Earnings (diluted) – sen
5.7
29.3
27.2
29.7
29.5
Net Assets – RM
2.6
2.7
2.4
2.3
2.4
2.
Share Price information – RM
High
6.34
7.22
7.27
7.00
6.76
Low
4.19
5.71
6.44
6.16
4.67
Financial Ratio
1.
Return on Invested Capital
4
4.5%
7.7%
9.0%
10.7%
11.8%
2.
Gross Debt to EBITDA
5
2.8
2.3
2.0
1.8
1.7
3.
Debt Equity Ratio
6
0.9
0.7
0.7
0.7
0.6
Notes:
1
Excludes foreign exchange gain/loss, gain on disposal of an associate, Ncell purchase price allocations, XL gain on disposal of towers, Robi SIM tax,
Robi-Airtel merger one-off adjustments, XL & Robi accelerated depreciation, Robi physical count loss and impairment on receivables, Celcom asset
impairment, tax incentive, Celcom Sukuk related costs, Dialog tax impact, Hello asset impairment and Smart asset write-off. From FY14 normalised PATAMI
excludes gain/loss on derivatives
2
FY14 are based on restated financials
3
Restated subscribers based on active base definition starting 2012
4
EBIT less tax over average invested capital
5
Gross debt over EBITDA
6
Total borrowings over total shareholders’ equity
FIVE-YEAR GROUP FINANCIAL SUMMARY