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Communications

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. operates as an investment holding company, which engages in the provision of mobile communication and network transmission related services. It operates through the following segments: Mobile, Infrastructure, and Others. The Mobile segment provides mobile services, interconnect services, pay television transmission services, and other data services. The Infrastructure segment offers telecommunication infrastructure and services. The Others segment involves digital services. The company was founded on June 12, 1992 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2021 MYRUSD
Revenue25,900.66M6,248.28M
Gross Profit7,315.19M1,764.72M
Operating income3,698.62M892.25M
Income before tax2,169.63M523.40M
Net income818.90M197.55M
EBITDA11,407.68M2,751.99M
Diluted EPS0.080.02
Dividends Per Share0.090.02
Total Assets73,193.19M17,569.17M
Total liabilities48,127.36M11,552.41M
Total equity18,005.32M4,321.96M
Operating cash flow8,992.09M2,169.25M
Currency in MYRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 24,402.40M 23,885.78M 24,583.31M 24,203.17M 25,900.66M
Gross Profit 9,145.65M 6,956.59M 7,475.03M 6,255.20M 7,315.19M
Operating income 3,482.46M 1,212.08M 3,554.09M 2,346.71M 3,698.62M
Income before tax 2,337.89M -4,048.45M 2,783.20M 1,152.39M 2,169.63M
Net income 909.48M -4,762.02M 1,457.55M 365.15M 818.90M
EBITDA 9,470.21M 8,465.49M 10,617.68M 10,596.59M 11,407.68M
Diluted EPS 0.10 -0.52 0.15 0.03 0.08
Dividends Per Share 0.08 0.09 0.09 0.07 0.09
Total Assets 70,689.62M 63,855.02M 67,471.32M 68,756.69M 73,193.19M
Total liabilities 39,914.12M 40,640.32M 45,251.29M 44,877.26M 48,127.36M
Total equity 24,731.13M 17,476.79M 16,180.79M 17,641.14M 18,005.32M
Operating cash flow 6,064.88M 6,283.99M 8,768.84M 7,333.68M 8,992.09M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 5,675.61M 5,919.09M 5,933.72M 5,759.62M 6,248.28M
Gross Profit 2,127.13M 1,723.90M 1,804.26M 1,488.55M 1,764.72M
Operating income 809.96M 300.36M 857.85M 558.44M 892.25M
Income before tax 543.75M -1,003.24M 671.78M 274.23M 523.40M
Net income 211.53M -1,180.06M 351.81M 86.89M 197.55M
EBITDA 2,202.62M 2,097.82M 2,562.81M 2,521.67M 2,751.99M
Diluted EPS 0.02 -0.13 0.03 0.00 0.02
Dividends Per Share 0.01 0.02 0.02 0.01 0.02
Total Assets 17,467.16M 15,451.91M 16,494.63M 17,093.02M 17,569.17M
Total liabilities 9,862.64M 9,834.31M 11,062.53M 11,156.56M 11,552.41M
Total equity 6,110.97M 4,229.11M 3,955.70M 4,385.61M 4,321.96M
Operating cash flow 1,410.59M 1,557.22M 2,116.55M 1,745.19M 2,169.25M

Valuation Measures

Dec 2021
PER46.58
ROA1.15%
ROE4.59%
Operating margin14.28%
Profit margin3.16%

Key executives

  • Group Chief Financial Officer: Vivek Sood
  • Group Chief Information Officer: Nirmal Anthony Rodrigo
  • Chief Technology & Strategy Officer: Thomas Hundt
  • Group Chief Risk & Compliance Officer: Abid Abdul Adam
  • CEO-Telecommunications Business & Group EVP: Shridhir Sariputta Hans Wijayasuriya

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (36.7%)
  • Employees Provident Fund (16.7%)
  • Permodalan Nasional Bhd. (16.6%)
  • Kumpulan Wang Persaraan (2.9%)
  • Public Mutual Bhd. (2.1%)
  • Bumiputra Investment Foundation (1.6%)
  • The Vanguard Group, Inc. (1.5%)
  • AIA Bhd. (1.3%)
  • Great Eastern Life Assurance Co. Ltd. (1.1%)
  • Urusharta Jamaah Sdn. Bhd. (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

Related Companies

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  • Axiata SPV5 (Labuan) Ltd.
  • Axiata SPV4 Sdn. Bhd.
  • Axiata Group Bhd. /Asian Operations/
  • AAD Holdings Pte Ltd.
  • Axiata Business Services Sdn. Bhd.
  • Axiata Investments (UK) Ltd.
  • Axiata Digital Services Sdn. Bhd.
  • Axiata Foundation
  • Axiata Management Services Sdn. Bhd.
  • Axiata Investments (Cambodia) Ltd.
  • Axiata SPV2 Bhd.
  • Alpine Resources Sdn. Bhd.
  • Airtel Bangladesh Ltd.
  • Axiata Investments (Labuan) Ltd.
  • Axiata SPV1 (Labuan) Ltd.
  • Axiata Investments 1 (India) Ltd.
  • Robi Axiata Ltd.
  • TM International (L) Ltd.
  • Dialog Axiata PLC
  • Axiata Investments (Singapore) Ltd.
  • PT XL Axiata Tbk
  • Celcom Axiata Bhd.

Competitors

    Last Updated on 4 Oct, 2022

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