SUBANG JAYA, 16 July 2021 – Digi.com Berhad (Digi) delivered a resilient quarter, driven by focused execution on its strategic business priorities. The company recorded service revenue of RM1,340 million, a marginal growth of 1.7% Y-Y, driven by increased internet usage. EBITDA was delivered at RM743 million or a margin of 45.9%, while profit after tax (PAT) lowered by 2.8% Y-Y to RM280 million.
Internet and digital revenue rose 7.0% Y-Y to RM1,020 million, underlining the company’s focus on driving high-speed internet proposition with affordable mobile bundles to cater to Malaysians’ need to stay connected in this current climate. Data traffic volumes went up by 18.3% Y-Y, with customers averaging a record high 21.4GB of data usage per subscriber monthly.
To support this increase in data consumption, Digi stepped up network optimisation activities to maintain network consistency and stability, with higher investments Y-Y of RM196 million for network capacity enhancements and new site deployments.
Digi’s 4G LTE and LTE-A network coverage now serves 92% and 75% of the population nationwide respectively, alongside an extensive fibre network of 10,084 KM. The company also achieved all its targets for new 4G sites rollout and site upgrades under the Jalinan Digital Negara (JENDELA) plan in the quarter. Customer and network migration efforts are also on-track, as part of the nation’s 3G shutdown in phases.
Digi’s Chief Executive Officer Albern Murty said, “Digi remains committed to supporting the connectivity needs of society in these times, as we intensify efforts to provide consistent network experience, deliver on JENDELA ambitions, bring to market more innovative and affordable plans to support consumers. At the same time, we continue to step up our vigilance on the safety and health of our employees, partners, and in particular our retail and network frontliners, to continue serving our customers safely in our stores and digital channels.”
in RM' million 2Q2020 1Q2021 2Q2021 Q-Q Y-Y Service revenue 1,317 1,337 1,340 0.2% 1.7% Total revenue 1,452 1,550 1,618 4.4% 11.4% EBITDA 770 737 743 0.8% -3.5% Profit after tax (PAT) 288 265 280 5.7% -2.8% CAPEX to total revenue (%) 15.5% 10.1% 12.1% 2.0% -3.4%
Diverse products and services catering to different segments, from free to affordable offers, in challenging times
Responsible business as a strategic priority during the pandemic
Digi is reaffirming its FY2021 guidance of low single digit decline for service revenue, medium single digit decline for EBITDA, and capex-to-total revenue ratio of 14.0% to 15.0% in line with the company’s commitment to drive better network quality.
More on Digi’s 2Q 2021 performance is available here.