![]()
Balance Sheet and Shareholder Returns
In 2013, DiGi delivered 41.3% growth on Earnings Per Share
(EPS), up 6.4 sen over the previous year to 21.9 sen (2012:
15.5 sen).
Total assets at the end of the financial year 2013 stood at
RM3,752 million, lower than the previous year’s RM4,014
million, mainly arising from the repayment of interest-bearing
debts. As a result, interest-bearing debt was RM749 million,
30.6% lower compared to previous year’s balance (2012:
RM1,080 million).
The overall balance sheet remained strong with net debt/
EBITDA ratio kept below 0.3x.
For financial year 2013, the dividend payout ratio was 97% of
earnings (exceeding the minimum 80% payout commitment)
with a total dividend of RM1,656 million or 21.3 sen per share.
Overall, year-on-year total dividend payout (excluding a special
dividend of 8.0 sen in financial year 2012) increased by 16%.
REGULATORY DEVELOPMENT
Since 1 January 2013, regulated termination rates have been
lowered, with gradual reduction in these rates in 2014 and
2015 respectively.
These new rates have minimal impact on DiGi’s margins, but
will have dilutive effects on top line revenue, COGS and ARPU.
OUTLOOK FOR 2014
The momentum gained from 2013 has provided DiGi with a
good head-start for 2014. DiGi believes that up-trends are likely
to continue; with revenue growth at a fairly modest rate against
rising market competition and costs.
Looking ahead, the key priorities will be to fully deliver on its
Internet For All aspirations, drive greater customer focus across
the organisation, and deliver sustainable revenue and market
share growth.
DiGi will invest additional capex to capture future growth
opportunities. Capex for 2014 is expected to reach up to
RM900 million, mainly aimed at extending its HSPA+ enabled
3G network to 86% of populated areas, increasing the number
of infill sites to improve network quality, rolling out 1,500 LTE
sites in more market centers around Malaysia, developing a
competitive nationwide fibre network, and putting in place a
brand-new convergent billing system.
DiGi aspires to deliver top line revenue growth in the range of
4% to 6% - ahead of the projected industry growth of 4% -
while sustaining EBITDA margin at 2013 levels. Finally, DiGi is
committed to continuously create value and deliver good returns
to shareholders.
The 2014 guidance is summarised in the table below.
2014 Guidance
Aims to deliver
Revenue growth
4% - 6%
EBITDA margin
Sustain at 2013 level
*These are internal management targets which will be reviewed periodically by the
Board. Hence, these internal targets have not been reviewed by our external auditors.
MANAGEMENT DISCUSSION & ANALYSIS
DIVIDENDS
(NET SEN/SHARE)
2009 2010 2011 2012
2013
Ordinary
Dividend
Special
Dividend
7.5
8.0
10.3
16.3
17.5
18.3
21.3
DiGi.COM BERHAD (425190-X)
ANNUAL REPORT 2013
<<
>>
16
