Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q4 FY23 Earnings Presentation
38 slides from Gtpl Hathway's earnings presentation, Apr 15, 2023
Slide 1: Filing cover letter to stock exchanges
Ref. No.: GTPL/SE/2023 April 15, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot No. C/1, G Block, Mumbai 400 001 Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Scrip Code: 540602 Trading Symbol: GTPL Dear Sir/Madam, Sub:
Slide 2: GTPL Hathway Limited Q4 & FY23 Annual Results Update
GTPL Hathway Limited Q4 & FY23 Annual Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview & Strategy 3 02 Key KPIs 17 03 Consolidated Financials 22 04 Standalone Financials 30 2
Slide 4: Company Overview & Strategy
Company Overview & Strategy 3
Slide 5: About Us
About Us • GTPL Hathway has been engaged in Digital Cable TV distribution for 17 years; now connecting 11+ million households in 1,400+ towns across 22 states in India. • The Company is the No. 1 Multi-Service Operator (MSO) in India & Gujarat and the No. 2 MSO in West Bengal. • GTPL Broadband is th
Slide 6: Leader Across Key Markets
Leader Across Key Markets Commenced Business in 2006 01 Footprint in 1,400+ towns across 22 States 02 connecting 11+ Mn Households #No.1* MSO in India #No.1 MSO in Gujarat 03 #No.2 MSO in West Bengal #No. 6* Private Wireline Broadband Player in India 04 #No. 1 Broadband Player in Gujarat** Significa
Slide 7: Value Creation Over The Period Of Time
Value Creation Over The Period Of Time Subscriber Cash Debt Consistent Base Growth Positive Reduction Performance Dividend • ~1.7x growth in • CAGR over last 6 • Free Cash Flow • “Net Debt • PAT Positive for • Consistent last 6 years for years (FCF) generated Free” last 6 years Dividend paying Digit
Slide 8: Cutting Edge Technology And Infrastructure
Cutting Edge Technology And Infrastructure Advanced technology and equipment provided by leading technology partners Technology Partners Headend: • Mother Headend in Ahmedabad, Gujarat Headend • 2nd Headend in Kolkata, West Bengal STBs & • Distributing 900+ channels including 97+ HD channels Modems
Slide 9: Inherent Strengths
Inherent Strengths • GTPL Genie+ : • Oracle’s Exadata Database Aggregation of OTT Apps • Nokia’s BNG solution & For Digital Cable TV & Aprecomm’s A.I. Broadband customers technology for Broadband • GTPL Genie : Bundle of • Harmonic’s MPEG4 Video Digital Cable TV + OTT Headend for Digital Cable throu
Slide 10: Launch of GTPL Genie+
Launch of The Product Advantage GTPL Advantage Customers • Offer all Entertainment • Unique 100% Guaranteed • OTT Apps Aggregation avenues to customers (Linear Cashback for all subscribers ! • Access to 15+ leading OTT and Non-linear Content) • ~80% savings compared to Apps MRP of OTT Apps • Effecti
Slide 11: Digital Cable TV Business Performance
Digital Cable TV Business Performance Increased Active Subscribers by 550K in FY23 8.95 Mn 8.20 Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 400K in FY23 39K+ 80%+ Entered 3 new states – Delhi, Haryana and Uttarakhand Business Partners Digital Collection Expanding aggressively
Slide 12: Broadband Business Performance
Broadband Business Performance Increase of 104K (11%) Subscribers in FY23 920K 5.30 Mn Active Subscribers Home-pass ARPU of ₹ 460 as of Mar-23; increase of ₹ 10 annually 321 GB 18% Enhanced High Speed Broadband Service offering up to Average Data Annual Revenue 200 Mbps coupled with Truly Unlimited
Slide 13: Diversifying Business
Diversifying Business In ₹ Mn Segmental Revenue from Operations Segmental PBT 12,458 17,331 20,577 23,152 26,008 434 1,128 2,582 2,615 1,318 0% 4% 10% 17% 21% 12% 14% 18% 19% 37% 100% 96% 90% 83% 79% 88% 86% 82% 81% 63% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Digital Cable TV Broadband * F
Slide 14: Year at a Glance
Year at a Glance Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 • Deployed Broadpeak’s • Entered states of Delhi, video streaming • Listed amongst India’s Top • Recognized as one of the Haryana & Uttarakhand solution 500 Companies 2022 by Iconic Brands of India Dun & Bradstreet 2022 by the Economic • Update of Log
Slide 15: Television Continues to be Preferred
Television Continues to be Preferred TV still holding its No. of hours of TV Broadcaster Market size Forecast (USD Bn) ground against Digital consumption/day 5.4 4.9 +2-4% 3.9 4.9 4.3-4.5 YoY increase in total 2021 2024E households Distribution Advertising (Total 205 Mn in 2022) Co-viewership TV con
Slide 16: Opportunities to Enhance Cable TV Business
Opportunities to Enhance Cable TV Business RURAL INDIA TO DRIVE INORGANIC ACQUISITIONS CONTENT AVAILABILITY USER FRIENDLY SERVICES GROWTH • ~45 Mn Cable TV Households • Distribution of Content • Online payment mode available • Increasing demand from rural catered by unorganized and (Broadcasting & O
Slide 17: Multiple Growth Levers For Broadband Business
Multiple Growth Levers For Broadband Business Acquiring Customers » Increased Focus on B2B model Factors contributing to growth in » Digital and broadband initiatives by Data consumption Government across India » Tapping rural Gujarat market in the digital push Increasing use of Internet for digital
Slide 18: Key Performance Indicators
Key Performance Indicators 17
Slide 19: Cable TV Business: Annual: Consolidated
Cable TV Business: Annual: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.95 8.20 8.40 7.80 8.00 8.00 7.50 7.50 7.90 6.80 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 # Active Subscribers increased 550K Y-o-Y # Paying Subscribers increased 400K Y-o-Y * FY = Apr-Mar, Q1 = Apr-J
Slide 20: Cable TV Business: Quarterly: Consolidated
Cable TV Business: Quarterly: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.30 8.20* 8.00 8.90 8.95 7.80 7.80 8.60 8.40 8.40 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 *Reduction of 100K Paying Subscribers in Q4FY23 owing to # Active Subscribers increase
Slide 21: Broadband Business: Annual
Broadband Business: Annual* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.30 920 460 4.70 816 450 445 3.87 635 422 413 3.33 2.42 405 325 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 # Homepass increased 600K Y-o-Y # ACB increased 104K Y-o-Y # ARPU i
Slide 22: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.30 460 920 455 5.15 450 450 450 895 5.00 870 4.85 845 4.70 816 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 # Homepass increased 150K Q-o-Q #
Slide 23: Consolidated Financials
Consolidated Financials 22
Slide 24: Financial Highlights: Consolidated
Financial Highlights : Consolidated Total Revenue up by 12% Annually; 13% Y-o-Y 1 Revenue Subscription Revenue up by 2% Annually & Y-o-Y ISP Revenue up by 18% Annually; 14% Y-o-Y EBITDA of ₹ 5,163 Mn in FY23; ₹ 1,112 Mn in Q4 FY23 2 EBITDA EBITDA Margin stands at 19% in FY23 3 Finance Cost Finance C
Slide 25: Key Financial Parameters: Annual Trends
Key Financial Parameters : Annual Trends In ₹ Mn Total Revenue EBITDA PAT 27,140 +9% 24,154 5,677 +20% 5,455 5,163 +56% 21,484 4,561 2,006 1,885 17,725 3,615 1,145 12,892 770 191 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 * FY = Apr-Mar Note : Numbers are excluding EP
Slide 26: Key Business Parameters: Annual Trends
Key Business Parameters : Annual Trends In ₹ Mn Subscription Revenue ISP Revenue +11% 10,712 10,753 11,005 4,075 4,826 10,308 +35% 7,332 2,792 1,674 1,442 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 * FY = Apr-Mar 25
Slide 27: Financial Performance: Consolidated
Financial Performance: Consolidated * In ₹ Mn Net Worth (In ₹ Mn) Gross Debt (In ₹ Mn) Net Debt (In ₹ Mn) 11,032 3,452 2,064 10,319 Net Debt Free 8,801 1,279 7,283 6,648 2,158 1,463 1,210 1,115 (108) (171) (759) FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 * FY = Apr-Ma
Slide 28: Profit & Loss Statement: Consolidated: Annual
Profit & Loss Statement: Consolidated * : Annual In ₹ Mn FY22 FY22 FY22 Y-o-Y% Particulars FY23 EPC Ex. EPC Total (Ex. EPC) Contract Revenue • Increase in Depreciation / Amortization in FY23 by Subscription CATV 11,005 10,753 - 10,753 2% ₹ 220 Mn on account of reassessment of useful life Revenue fro
Slide 29: Profit & Loss Statement: Consolidated: Q-o-Q
Profit & Loss Statement: Consolidated * : Q-o-Q In ₹ Mn Q4 FY22 Q-o-Q% Q4 FY22 Q4 FY22 Y-o-Y% Particulars Q4 FY23 Q3 FY23 EPC (Ex. EPC) Ex. EPC Total (Ex. EPC) Contract Revenue Subscription CATV 2,753 2,775 -1% 2,695 - 2,695 2% Revenue from EPC contract - - - - 69 69 - Broadband ISP 1,246 1,243 0% 1
Slide 30: Balance Sheet: Consolidated
Balance Sheet: Consolidated In ₹ Mn As on 31st As on 31st As on 31st As on 31st Liabilities Assets Mar 2023 Mar 2022 Mar 2023 Mar 2022 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 18,801 15,992 Other Equity 10,973 10,131 Financial Assets Total Equity 12,097 11,256 Investme
Slide 31: Standalone Financials
Standalone Financials SGTPL Entertain | Connect f 30
Slide 32: Financial Highlights: Standalone (Ex. EPC)
Financial Highlights : Standalone (Ex. EPC) Total Revenue up by 14% Annually; 16% Y-o-Y 1 Revenue Subscription Revenue up by 4% Annually ; 5% Y-o-Y & 2% Q-o-Q EBITDA of ₹ 2,842 Mn in FY23; ₹ 600 Mn in Q4 FY23 2 EBITDA EBITDA Margin stands at 16.4% in FY23 3 Finance Cost Finance Cost down by 21% Annu
Slide 33: Profit & Loss Statement: Standalone: Annual
Profit & Loss Statement : Standalone* : Annual In ₹ Mn FY22 FY22 FY22 Y-o-Y% Particulars FY23 EPC Ex. EPC Total (Ex. EPC) Contract Revenue Subscription CATV 7,778 7,488 - 7,488 4% Revenue from EPC contract - - 412 412 - Placement / Carriage / Marketing Incentive 7,748 6,040 - 6,040 28% Activation 20
Slide 34: Profit & Loss Statement: Standalone: Q-o-Q
Profit & Loss Statement : Standalone * : Q-o-Q In ₹ Mn Q4 FY22 Q-o-Q% Q4 FY22 Q4 FY22 Y-o-Y% Particulars Q4 FY23 Q3 FY23 EPC (Ex. EPC) Ex. EPC Total (Ex. EPC) Contract Revenue Subscription CATV 1,987 1,952 2% 1,887 - 1,887 5% Revenue from EPC contract - - - - 69 69 - Placement / Carriage / Marketing
Slide 35: Balance Sheet: Standalone
Balance Sheet: Standalone In ₹ Mn As on 31st As on 31st As on 31st As on 31st Liabilities Assets Mar 2023 Mar 2022 Mar 2023 Mar 2022 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 8,001 6,631 Other Equity 7,606 7,331 Financial Assets Total Equity 8,731 8,456 Investments 1,99
Slide 36: Investor Conference Call Details
Investor Conference Call Details Pre-register to avoid wait time and Express Join with DiamondPassTM 35
Slide 37: Safe Harbor
Safe Harbor The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all information relating to the context
Slide 38: Contact Details / Thank You
CONTACT DETAILS Thank Mr. Piyush Pankaj Mr. Bhavin Soni Business Head - Cable TV & Mr. Irfan Raeen You! Chief Strategy Officer +91 98113 21102 +91 98335 37225 +91 97737 78669 bhavin.soni@linkintime.co.in piyush.pankaj@gtpl.net irfan.raeen@linkintime.co.in 37