Axiata Group Bhd.

Company Background

Mobile telecommunications operator Axiata calls itself an Asiacentric multinational. Its rationale: It has controlling interests in cellular companies in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia as well as strategic stakes in India and Singapore. With a subscriber base exceeding 240 million -- a number that has grown sixfold since 2007 -- the group is one of Asia's biggest mobile operators.

Axiata was one of the earliest to roll out 4G services in Malaysia and Sri Lanka. The group is also one of the region's biggest telecommunications tower players, owning more than 13,000 towers in four countries via Edotco Group, a subsidiary Axiata plans to list in the near future.

Axiata was incorporated in 1992 as an international business division of Telekom Malaysia, the state telecommunications company. It was separated from Telekom and subsequently listed in 2008. Khazanah Nasional and other state funds combined hold more than 60% of Axiata's shares. The group is led by its President and CEO Jamaludin Ibrahim, a former IBM engineer who joined Axiata in 2008 after nine years as CEO of Maxis Communications, a leading Malaysian mobile operator.

Business Summary

Axiata Group Bhd. is an investment holding company, which engages in the provision of mobile communication, telecommunication infrastructure, and digital services. It operates through the following segments: Mobile, Fixed Broadband, Infrastructure, and Others. The Mobile segment provides mobile services, interconnect services, pay television transmission services, broadband services, and digital business. The Fixed Broadband segment focuses on the broadband and broadcasting business. The Infrastructure segment offers telecommunication infrastructure and related services. The Others segment includes investment holding entities, financing entities, and other operating entities providing other services including digital business and fibre optic transmission. The company was founded on June 12, 1992 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2022	MYR	USD
Revenue	21,700.15M	4,930.36M
Gross Profit	5,705.00M	1,296.19M
Operating income	2,480.72M	563.63M
Income before tax	-4,162.86M	-945.82M
Net income	-5,132.16M	-1,166.04M
EBITDA	9,454.74M	2,148.15M
Diluted EPS	-0.41	-0.09
Dividends Per Share	0.10	0.02
Total Assets	82,028.88M	18,621.76M
Total liabilities	51,348.53M	11,656.87M
Total equity	23,935.05M	5,433.61M
Operating cash flow	9,179.92M	2,085.71M
	Currency in MYR	Currency in USD

Historical Data

MYR | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	23,885.78M	24,583.31M	24,203.17M	19,994.36M	21,700.15M
Gross Profit	6,956.59M	7,475.03M	6,255.20M	5,364.61M	5,705.00M
Operating income	1,212.08M	3,554.09M	2,346.71M	2,495.64M	2,480.72M
Income before tax	-4,048.45M	2,783.20M	1,152.39M	960.59M	-4,162.86M
Net income	-4,762.02M	1,457.55M	365.15M	-136.91M	-5,132.16M
EBITDA	8,465.49M	10,617.68M	10,596.59M	8,784.05M	9,454.74M
Diluted EPS	-0.52	0.15	0.03	0.08	-0.41
Dividends Per Share	0.09	0.09	0.07	0.09	0.10
Total Assets	63,855.02M	67,471.32M	68,756.69M	73,193.19M	82,028.88M
Total liabilities	40,640.32M	45,251.29M	44,877.26M	48,127.36M	51,348.53M
Total equity	17,476.79M	16,180.79M	17,641.14M	18,005.32M	23,935.05M
Operating cash flow	6,283.99M	8,768.84M	7,333.68M	8,992.09M	9,179.92M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	5,919.09M	5,933.72M	5,759.62M	4,823.44M	4,930.36M
Gross Profit	1,723.90M	1,804.26M	1,488.55M	1,294.16M	1,296.19M
Operating income	300.36M	857.85M	558.44M	602.05M	563.63M
Income before tax	-1,003.24M	671.78M	274.23M	231.73M	-945.82M
Net income	-1,180.06M	351.81M	86.89M	-33.02M	-1,166.04M
EBITDA	2,097.82M	2,562.81M	2,521.67M	2,119.06M	2,148.15M
Diluted EPS	-0.13	0.03	0.00	0.02	-0.09
Dividends Per Share	0.02	0.02	0.01	0.02	0.02
Total Assets	15,451.91M	16,494.63M	17,093.02M	17,569.17M	18,621.76M
Total liabilities	9,834.31M	11,062.53M	11,156.56M	11,552.41M	11,656.87M
Total equity	4,229.11M	3,955.70M	4,385.61M	4,321.96M	5,433.61M
Operating cash flow	1,557.22M	2,116.55M	1,745.19M	2,169.25M	2,085.71M

Valuation Measures

Dec 2022
PER	--
ROA	-6.61%
ROE	-24.47%
Operating margin	11.43%
Profit margin	-23.65%

Key executives

Group Chief Executive Officer, Director & MD: Vivek Sood
Group Chief Financial Officer: Lila Azmin Abdullah
Group Chief Information Officer: Nirmal Anthony Rodrigo
Group Chief Strategy & Technology Officer: Thomas Hundt
Group Chief Risk & Compliance Officer: Abid Abdul Adam

Shareholders

Khazanah Nasional Bhd. (Investment Company) (36.7%)
Employees Provident Fund (16.7%)
Permodalan Nasional Bhd. (16.6%)
Kumpulan Wang Persaraan (3.0%)
Public Mutual Bhd. (2.1%)
Bumiputra Investment Foundation (1.5%)
The Vanguard Group, Inc. (1.5%)
AIA Bhd. (1.4%)
Lembaga Tabung Haji (0.9%)
Eastspring Investments (Singapore) Ltd. (0.8%)

Contact Details

Website:http://www.axiata.com
Address: Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur, 50470, Malaysia
Phone: +60.3.2263.8888

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Competitors

Last Updated on 30 May, 2023