Axiata Group Berhad (AXIATA) Analyst & Investor Day 2026 Presentation summary

Strategic direction and portfolio transformation

• Transitioning from a 5x5 strategy to a focus on optimizing and transforming the portfolio for growth and returns between 2025 and 2028, with a dual emphasis on telecoms (profit and valuation growth) and technology (valuation growth).

• Telecoms strategy centers on market consolidation, operational excellence, and achieving leading market positions, while technology aims for unicorn status through external funding and expansion into new areas like cybersecurity and AI.

• Active capital recycling and a lean holding company structure are prioritized to fund growth, reduce debt, and increase dividends.

• Financial targets include growing dividends per share by at least 10% annually, maintaining net debt/EBITDA below 2x, and achieving high single-digit annualized total shareholder returns.

Key operational and financial outcomes

• Successful delivery of synergies from major mergers (CelcomDigi, XL-Smartfren), with integration on track and cost efficiencies realized ahead of plan.

• Market repair and operational improvements in Indonesia, Malaysia, and frontier markets have led to improved ARPU, profitability, and dividend growth.

• Infrastructure and digital businesses (Linknet, EDOTCO, Boost, ADA) are progressing toward monetization, with external funding and breakeven milestones achieved or imminent.

• Capital productivity and profitability have improved across major operating companies, with further gains expected from ongoing integration and technology investments.

Technology and digital business expansion

• Technology portfolio is scaling through organic growth and selective acquisitions, with ADA and Boost showing strong revenue, EBITDA, and valuation growth.

• ADA is expanding globally, leveraging AI and data platforms to drive client growth and aiming for $1B unicorn status by 2028.

• Boost Bank has established a leading position in digital lending and embedded banking, with a scalable playbook for regional expansion and a clear IPO pathway.

• New growth platforms in cybersecurity and AI are being developed, targeting high-growth markets and leveraging existing telco strengths.