Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — H1 FY23 Earnings Presentation
33 slides from Gtpl Hathway's earnings presentation, Oct 15, 2022
Slide 1: Cover letter to stock exchanges
Ref. No.: GTPL/SE/2022 October 15, 2022 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 Q2 & H1 FY23 Results Update
GTPL Hathway Limited Q2 & H1 FY23 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview & Strategy 3 02 Key Performance Indicators 16 03 Consolidated Financials 19 04 Standalone Financials 25 2
Slide 4: Company Overview & Strategy
Company Overview & Strategy 3
Slide 5: About Us
About Us • GTPL Hathway is engaged in Digital Cable TV Distribution and High-speed Broadband Service for 16 years; connecting 11+ million households in 1,300+ towns across 19 states in India. • The Company is the No. 1 Multi-Service Operator (MSO) in India & Gujarat and the No. 2 MSO in West Bengal.
Slide 6: Leader across Key Markets
Leader across Key Markets Commenced Business in 2006 01 Footprint in 1,300+ towns across 19 States 02 connecting 11+ Mn Households #No.1* MSO in India #No.1 MSO in Gujarat 03 #No.2 in West Bengal #No. 6* Private Wireline Broadband Player in India 04 #No. 1 in Gujarat** Significant presence in Mahara
Slide 7: Value Creation Over The Period Of Time
Value Creation Over The Period Of Time Subscriber Growth Cash Debt Consistent Dividend Base Positive Reduction Performance • ~2.3x growth • CAGR Growth • Free Cash Flow • “Net Debt • PAT Positive for • Consistent in last 6 years over last 6 years (FCF) generated Free” company last 6 years Dividend f
Slide 8: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Technology Partners Headend: • Mother Headend & Network Operating Centre (NOC) in Headend Ahmedabad, Gujarat • 2nd Headend in Kolkata, West Bengal STBs & Modems • Distributing 850+ cha
Slide 9: Inherent Strengths
Inherent Strengths • Oracle’s Exadata Database • Nokia’s BNG solution & Aprecomm’s A.I. technology for Broadband • Harmonic’s MPEG4 Video Headend for Digital Cable • Combined Offerings – TV + OTT • Covering 19 states Digital Cable TV + OTT • Wide reach across • Multi-lingual packages consumption mar
Slide 10: Awards & Recognitions
Awards & Recognitions GTPL Hathway was recognized as one of “The Economic Times Iconic Brands of India 2022” 9
Slide 11: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Anirudhsinh Jadeja Zealous entrepreneur with 3 decades of leadership in cable operations; carving success story of GTPL since 2006. He has Promoter and MD been awarded with numerous industry/social awards and has accomplished many firsts in the in
Slide 12: Cable TV Business Performance
Cable TV Business Performance • Increased Active Subscribers by 550K Y-o-Y 8.60 Mn 8.00 Mn 35k+ Business Partners • Increased Paying Subscribers by 650K Y-o-Y Active STBs1 Paying Subscribers • Subscription Revenue increased by ₹ 122 Mn H1-o-H1 • Expanding aggressively in Andhra Pradesh, 80%+ 100% La
Slide 13: Broadband Business Performance
Broadband Business Performance • Increase of 135K (18%) Subscribers Y-o-Y; 25K Subscribers Q-o-Q 870K 5.00 Mn 300 GB Active Subscribers Home-pass Average Data consumption per month • ARPU of ₹ 450 as of Sep-22; increase of ₹ 10 Y-o-Y • Enhanced High Speed Broadband Service offering up to 200 Mbps co
Slide 14: Diversifying Business
Diversifying Business In ₹ Mn Segmental Revenue from Operations Segmental PBT 12,458 17,331 20,577 23,152 12,859 434 1,128 2,582 2,615 1,265 0% 4% 10% 17% 21% 12% 14% 30% 18% 18% 100% 96% 90% 83% 79% 88% 86% 70% 82% 82% FY19 FY20 FY21 FY22 H1 FY23 FY19 FY20 FY21 FY22 H1 FY23 Digital Cable TV Broadba
Slide 15: 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 16: Opportunities to Enhance Cable TV Business
Opportunities to Enhance Cable TV Business Inorganic acquisitions Content Availability User friendly services • ~45 Mn Cable TV • Distribution of • Online payment Households catered Content mode available for by unorganized and (Broadcasting & instant activation of small MSOs OTT) to be available se
Slide 17: Key Performance Indicators
Key Performance Indicators 16
Slide 18: Cable TV Business: Consolidated
Cable TV Business : Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.60 8.00 8.40 8.40 7.80 7.80 8.20 8.05 7.50 7.35 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 # Active Subscribers increased 200K Q-o-Q #Paying Subscribers increased by 200K Q-o-Q *
Slide 19: Broadband Business: Quarterly
Broadband Business : Quarterly* Home-pass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.00 870 445 450 450 450 440 4.85 845 4.70 816 765 4.40 735 4.20 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 # 150K New Home-P
Slide 20: Consolidated Financials
Consolidated Financials 19
Slide 21: Financial Highlights: Consolidated
Financial Highlights : Consolidated Total Revenue up by 10% H1-o-H1; 10% Y-o-Y & 3% Q-o-Q 1 Revenue Subscription Revenue up by 2% H1-o-H1 ISP Revenue up by 21% H1-o-H1; 19% Y-o-Y & 5% Q-o-Q EBITDA of ₹ 1,383 Mn in Q2 FY23; ₹ 2,737 Mn in H1 FY23 2 EBITDA EBITDA up by ₹ 29 Mn (2%) Q-o-Q EBITDA Margin
Slide 22: Profit & Loss Statement: Consolidated (H1)
Profit & Loss Statement: Consolidated * In ₹ Mn H1 FY22 H1 FY22 H1 FY22 H1-o-H1% Particulars H1 FY23 EPC Ex. EPC Total (Ex. EPC) Contract Revenue Subscription CATV 5,478 5,356 - 5,356 2% Revenue from EPC contract - - 324 324 0% Broadband ISP 2,336 1,924 - 1,924 21% Placement / Carriage / Marketing I
Slide 23: Profit & Loss Statement: Consolidated (Quarterly)
Profit & Loss Statement: Consolidated * In ₹ Mn Q2 FY22 FY22 Q-o-Q% Q2 FY22 Q2 FY22 Y-o-Y% FY22 FY22 Particulars Q2 FY23 Q1 FY23 EPC EPC (Ex. EPC) Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Revenue Subscription CATV 2,751 2,727 1% 2,715 - 2,715 1% 10,753 - 10,753 Revenue from EPC contra
Slide 24: Balance Sheet: Consolidated
Balance Sheet : Consolidated * In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2022 Mar 2022 Sep 2022 Mar 2022 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 17,761 15,992 Other Equity 10,693 10,131 Financial Assets Total Equity 11,818 11,256 Inves
Slide 25: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* In ₹ Mn Net Worth Gross Debt Net Debt 10,782 3,452 10,319 2,064 Net Debt Free 8,801 1,279 7,283 6,648 2,158 1,463 1,115 779 -108 -171 -564 FY19 FY20 FY21 FY22 Sep-22 FY19 FY20 FY21 FY22 Sep-22 FY19 FY20 FY21 FY22 Sep-22 * FY = Apr-Mar 24
Slide 26: Standalone Financials
Standalone Financials 25
Slide 27: Financial Highlights: Standalone (Ex. EPC)
Financial Highlights : Standalone (Ex. EPC) Total Revenue up by 11% H1-o-H1; 12% Y-o-Y & 3% Q-o-Q 1 Revenue Subscription Revenue up by 3% H1-o-H1 ; 3% Y-o-Y & 2% Q-o-Q EBITDA of ₹ 1,530 Mn in H1 FY23; ₹ 777 Mn in Q2 FY23 2 EBITDA EBITDA up by ₹ 24 Mn (3%) Q-o-Q EBITDA Margin stands at 18.4% in H1 FY
Slide 28: Profit & Loss Statement: Standalone (H1)
Profit & Loss Statement : Standalone In ₹ Mn H1 FY22 H1 FY22 H1 FY22 H1-o-H1% Particulars H1 FY23 EPC Ex. EPC Total (Ex. EPC) Contract Revenue Subscription CATV 3,838 3,723 - 3,723 3% Revenue from EPC contract - - 324 324 - Placement / Carriage / Marketing Incentive 3,544 2,927 - 2,927 21% Activatio
Slide 29: Profit & Loss Statement: Standalone (Quarterly)
Profit & Loss Statement : Standalone In ₹ Mn Q2 FY22 FY22 Q-o-Q% Q2 FY22 Q2 FY22 Y-o-Y% FY22 FY22 Particulars Q2 FY23 Q1 FY23 EPC EPC (Ex. EPC) Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Revenue Subscription CATV 1,936 1,903 2% 1,887 - 1,887 3% 7,488 - 7,488 Revenue from EPC contract -
Slide 30: Balance Sheet: Standalone
Balance Sheet : Standalone In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2022 Mar 2022 Sep 2022 Mar 2022 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 7,343 6,631 Other Equity 7,431 7,331 Financial Assets Total Equity 8,555 8,456 Investments 2,0
Slide 31: Investor Conference Call Details
Investor Conference Call Details 30
Slide 32: 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 33: Thank You! Contact Details
Contact Details Thank Mr. Piyush Pankaj Mr. Bhavin Soni Business Head - Cable TV & Mr. Nachiket Kale You! Chief Strategy Officer +91 98113 21102 +91 98335 37225 +91 99209 40808 bhavin.soni@linkintime.co.in piyush.pankaj@gtpl.net nachiket.kale@linkintime.co.in 32