Towards a Digital and Greener

S H A P I N G
T H E F U T U R E
T O WA R D S A
D I G I TA L C O M PA N Y
A N N U A L
R E P O R T 2 0 1 5

SOUTH ASIA PRESENCESOUTHEAST ASIA PRESENCE
MYANMAR CAMBODIA MALAYSIA SINGAPORE INDONESIA
PAKISTAN INDIA SRI LANKA BANGLADESH

ADVANCING
ASIA
RM19.9 billion
USD5.1 billion
~275 million
25,000
9
REVENUE
RM56.5 billion
USD13.2 billion
MARKET
CAP
RM2.6 billion
USD0.7 billionPAT
SUBSCRIBERS
EMPLOYEES
COUNTRIES
2015

OUR
JOURNEY
Access our Digital Annual Report 2015
on
www.axiata.com
or
Download the App
on

Towards a Digital and Greener Future
Axiata is increasingly committed towards a digital and greener future as we
transition ourselves into a New Generation Telco, where digitalisation is a priority.
We strive to apply this in all areas of our business, including the way we present
our Annual and Sustainability Reports to our shareholders and stakeholders.
Last year, close to 6000 readers accessed our reports on digital platforms through
the web and App downloads. This is well over three times the number of printed
copies. In our efforts to further digitalise our ecosystem, whilst being mindful of
our carbon footprint, we continue to expand our digital reports.
For these reasons, we have reduced our printed Annual Report by 100 pages in
being more efficient with the layout and in using less photos. Further to this, we
have used environmentally friendly paper and have reduced the use of colour
printing by going black and white with this Annual Report. Incorporating these
changes, we have remained uncompromising on our required disclosure and content.
For multimedia rich content of these reports, please log on to www.axiata.com
The app version can be downloaded on
SHAPING
THE FUTURE
TOWARDS A
DIGITAL COMPANY
* Unless otherwise stated, all information contained in this Annual Report is as at 31 March 2016.
* Unless otherwise stated, all USD figures used in this Annual Report are based on the indicative exchange rate of 3.9010.

Serving approximately
275
millionsubscribers across Asia
24Digital Brands
GDP Contribution of
USD64.9 billion
across 7 countries over the last 5 years
edotco
14th largest tower company
in the world
2015 KEY HIGHLIGHTS
Footprint
expansion
into two new countries
Nepal through
the proposed
acquisition
of #1 mobile
operator, Ncell
Myanmar via
edotco
All-time highest Revenue
RM19.9 billion Highest ever PATAMI
RM2.6 billion
Advancing Asia
across 9 countries

CONTENTS
AT A GLANCE
006 Group Profile
008 Vision, Code of Conduct and
Core Values
009 Financial Calendar
010 Corporate Information
011 Financial Highlights
012 Key Performance Indicators
SHAPING THE FUTURE
014 Chairman’s Statement
016 President & Group CEO’s Business
Review
020 Strategic Journey Towards Shaping
the Future of Telecommunications
FINANCIAL PERFORMANCE
023 Five-Year Group Financial
Highlights
024 Reporting by Geographical
Location
026 Summary Breakdown of Operating
Revenue & EBITDA
027 Summary Breakdown of Assets &
Liabilities
028 Five-Year Group Financial
Summary
029 Group Financial Analysis
CORPORATE PROFILE
032 Group Corporate Structure
034 Entities Across Asia
035 Profile of Directors
039 Profile of Management Team
042 Profile of Operating Companies’
Management Team
045 Significant Milestones
046 Awards
INVESTMENT PERFORMANCE
049 Share Price Performance
050 Prudent and Disciplined Dividend
Payout
051 Investor Relations
GOVERNANCE
054 Statement on Corporate
Governance
074 Statement on Risk Management
and Internal Control
083 Board Audit Committee Report
088 Commitment to Customer Privacy
and Data Protection
089 Additional Compliance Information
CORPORATE RESPONSIBILITY
093 Sustainability at Axiata
094 National Contribution
OPERATING COMPANIES BUSINESS
REVIEW
096 Celcom
097 XL
099 Dialog
101 Robi
103 Smart
105 Idea
107 M1
108 Multinet
109 edotco Group
110 Axiata Digital
FINANCIAL STATEMENTS
112 Directors’ Responsibility Statement
113 Audited Financial Statements
for the financial year ended
31 December 2015
OTHER INFORMATION
249 Shareholding Statistics
252 List of Top Ten Properties
253 Net Book Value of Land &
Buildings
254 Group Directory
255 Glossary
AGM INFORMATION
258 Notice of Annual General Meeting
264 Statement Accompanying Notice
of Annual General Meeting
265 Administrative Details for 24th
Annual General Meeting
Proxy Form

GROUP
PROFILE
Axiata is one of the leading telecommunications groups in Asia with approximately
275 million subscribers in nine countries.
In pursuit of our vision to be a New Generation Telecommunications provider by 2020,
Axiata pieces together the best in the region in terms of connectivity, technology and
talent. With a diverse portfolio in mobile network, communications infrastructure and
digital services, Axiata through our operating companies, offers a range of innovative
telecommunication products and services.
Axiata has controlling interests in five mobile operators under the brand names of ‘Celcom’
in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh and ‘Smart’ in
Cambodia, with strategic interests in ‘Idea’ in India and ‘M1’ in Singapore.
‘edotco’, our Group’s infrastructure company, operates in six countries to deliver
telecommunications infrastructure services, amassing a portfolio of over 16,000 towers
and 12,000 km of fibre. It aims to be one of the top regional tower companies and is
committed to responsible and sustainable business operations.
In 2012, Axiata established ‘Axiata Digital’ to capture the rapid growth in Internet-based
businesses. Within three years, Axiata Digital has built a portfolio of 24 digital brands,
servicing growing demands in mobile money, mobile adverting, e-commerce, entertainment
and education.
Group revenue for 2015 was RM19.9 billion (USD5.1 billion) while market capitalisation stood
at over RM56.5 billion (USD13.2 billion) at the end of 2015. We provide employment to over
25,000 people across Asia.
Axiata’s Journey
Axiata was incorporated in Malaysia on 12 June 1992 as a private limited company under
the name of Telekom Malaysia International (TMI), which then operated as a division within
Telekom Malaysia Berhad (TM). TMI was subsequently demerged from TM and listed on
Bursa Securities on 28 April 2008. In March 2009, TMI changed its name to Axiata Group
Berhad and launched a new identity, enhancing our position as a leading mobile operator
in Asia.
The move was a reinforcement of our new business philosophy and commitment to
Advancing Asia by addressing the unfulfilled communication needs of local populations in
the region with affordable and innovative digital products and services.
Since then, we have gone from 40 million customers, pre-demerger, to approximately 275
million across nine countries, making Axiata one of the leading mobile players in Asia.
Our mobile telecommunications footprint now spans across the Asian continent, covering
the countries of Malaysia, Indonesia, Sri Lanka, Bangladesh, Cambodia, Myanmar, India,
Singapore and Pakistan.
Shaping The Future
Axiata has always been ahead of the curve, quickly adapting to change and positioning its
business model to capitalise on developments of an increasingly digitalised world. Parallel
to its investments in network and technology modernisation over the years, Axiata has also
evolved its business to embrace the digital age and fast growing demand for data. 2016
will be a critical year for Axiata as it progresses in its transformation beyond a traditional
telecommunications company.
In Advancing Asia, Axiata remains committed to its role as a responsible corporate citizen,
to make a difference in people’s lives and help transform the countries in which it operates.
Further details of Axiata’s sustainability and national contribution efforts are now available
online. (www.axiata.com)axiata group berhad | annual report 2015
006