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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. The firm 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 engages in the provision of mobile services and others such as provision of interconnect services, pay television transmission services and provision of other data services. The Infrastructure segment engages in the provision of telecommunication infrastructure and services. The Others segment engages in the provision of digital services. The company was founded on June 12, 1992 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2019 MYRUSD
Revenue24,583.31M5,933.72M
Gross Profit8,606.31M2,077.32M
Operating income3,644.10M879.58M
Income before tax2,875.66M694.10M
Net income1,457.55M351.81M
EBITDA10,707.69M2,584.53M
Diluted EPS0.150.03
Dividends Per Share0.090.02
Total Assets67,471.32M16,494.63M
Total liabilities45,251.29M11,062.53M
Total equity16,180.79M3,955.70M
Operating cash flow8,768.84M2,116.55M
Currency in MYRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 19,883.46M 21,565.39M 24,402.40M 23,885.78M 24,583.31M
Gross Profit 7,855.87M 8,142.08M 9,145.65M 6,956.59M 8,606.31M
Operating income 3,125.43M 2,708.19M 3,482.46M 1,212.08M 3,644.10M
Income before tax 2,880.22M 1,104.29M 2,337.89M -4,048.45M 2,875.66M
Net income 2,554.22M 504.25M 909.48M -4,762.02M 1,457.55M
EBITDA 7,295.18M 8,303.10M 9,470.21M 8,465.49M 10,707.69M
Diluted EPS 0.29 0.05 0.10 -0.52 0.15
Dividends Per Share 0.20 0.08 0.08 0.09 0.09
Total Assets 56,831.88M 71,511.33M 70,689.62M 63,855.02M 67,471.32M
Total liabilities 30,884.12M 42,647.33M 39,914.12M 40,640.32M 45,251.29M
Total equity 23,525.26M 23,580.65M 24,731.13M 17,476.79M 16,180.79M
Operating cash flow 6,628.74M 7,080.13M 6,064.88M 6,283.99M 8,768.84M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 5,085.71M 5,205.61M 5,675.61M 5,919.09M 5,933.72M
Gross Profit 2,009.34M 1,965.39M 2,127.13M 1,723.90M 2,077.32M
Operating income 799.41M 653.72M 809.96M 300.36M 879.58M
Income before tax 736.69M 266.56M 543.75M -1,003.24M 694.10M
Net income 653.30M 121.72M 211.53M -1,180.06M 351.81M
EBITDA 1,865.93M 2,004.26M 2,202.62M 2,097.82M 2,584.53M
Diluted EPS 0.07 0.01 0.02 -0.13 0.03
Dividends Per Share 0.05 0.01 0.01 0.02 0.02
Total Assets 13,236.72M 15,941.00M 17,467.16M 15,451.91M 16,494.63M
Total liabilities 7,193.22M 9,506.76M 9,862.64M 9,834.31M 11,062.53M
Total equity 5,479.27M 5,256.49M 6,110.97M 4,229.11M 3,955.70M
Operating cash flow 1,695.47M 1,709.05M 1,410.59M 1,557.22M 2,116.55M

Valuation Measures

Dec 2019
PER25.87
ROA2.21%
ROE8.66%
Operating margin14.82%
Profit margin5.92%

Key executives

  • President, Group CEO, Director & Managing Director: Jamaludin bin Ibrahim
  • Group Chief Financial Officer: Vivek Sood
  • Group Chief Technology Officer: Amandeep Singh
  • Group Chief Information Officer: Nirmal Anthony Rodrigo
  • Group Chief Risk & Compliance Officer: Abid Abdul Adam

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (36.7%)
  • Employees Provident Fund (17.8%)
  • Permodalan Nasional Bhd. (16.1%)
  • Kumpulan Wang Persaraan (2.8%)
  • Public Mutual Bhd. (2.2%)
  • Bumiputra Investment Foundation (1.8%)
  • The Vanguard Group, Inc. (1.7%)
  • Urusharta Jamaah Sdn. Bhd. (1.4%)
  • Great Eastern Life Assurance Co. Ltd. (1.1%)
  • AIA 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

  • Axiata SPV5 (Labuan) Ltd.
  • Boost Holdings Sdn. Bhd.
  • Axiata Group Bhd. /Asian Operations/
  • Axiata Digital Advertising Sdn. Bhd.
  • Axiata Investments (UK) Ltd.
  • Axiata Digital Services Sdn. Bhd.
  • Hello Axiata Co., Ltd.
  • Axiata Investments (Cambodia) Ltd.
  • Axiata SPV2 Bhd.
  • Alpine Resources Sdn. Bhd.
  • Suvitech Co., Ltd.
  • Airtel Bangladesh Ltd.
  • Axiata Investments (Labuan) Ltd.
  • Axiata SPV1 (Labuan) Ltd.
  • Axiata Investments 1 (India) Ltd.
  • TM International (L) Ltd.
  • Dialog Axiata PLC
  • PT XL Axiata Tbk
  • Celcom Axiata Bhd.

Competitors

  • Emirates Telecommunications Group Company PJSC
  • VEON Ltd.
  • PT Sarana Menara Nusantara Tbk
Last Updated on 28 Oct, 2020

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