GTL Infrastructure Ltd · NSE:GTLINFRA
GTL Infrastructure — Q2 FY2009 Earnings Presentation
19 slides from GTL Infrastructure's earnings presentation, October 2008
Slide 1: GTL Infrastructure Limited
GTL Infrastructure Limited October 2008 Safe harbor • Neither the information nor any opinion expressed in this presentation constitutes an offer, or invitation to make an offer, or to buy any security issued by the company. This presentation contains predictions, estimates or other information rega
Slide 2: GTL Infra at a Glance
GTL Infra at a Glance Business Shared Passive Telecom Infrastructure Provider Tower Portfolio Sept. 2008- 7,364 towers Mar 2011- 23,700 towers Asset Base US$ 662 mn as of Sept. 2008 Presence 19 Circles across India Customers 9 major Indian Telecom Operators Awards Won ‘Top Independent Infrastructure
Slide 3: Value Proposition
Value Proposition • Reduction in Capex & Opex capex and opex due to sharing & management of infrastructure Operator Concerns • Reduces the time GTL Infra’s Time to required for rollout endeavor is to Market • Will enable to move provide into rural areas affordable and seamless • In-building coverage
Slide 4: Tower Business Fundamentals
Tower Business Fundamentals GTL Infra provides space to the operators to host their antenna on its towers and receives provisioning charges on monthly basis Growth tied to expansion of wireless networks Annuity driven business model - Stable and growing revenues Long term (10-15 years) contracts wit
Slide 5: Industry Analysis
Industry Analysis 5
Slide 6: Indian Telecom Market Overview
Indian Telecom Market Overview Parameter Current Status* Telecom Subscribers(mn) 354 Wireless Subscribers(mn) 315 Teledensity (%) 30.64 No.of Circles 22 Avg Net adds/Month (Mn) 9.20 Subscriber Growth Rate (FY 08) 46.71% Average Minutes of Usage per User 464 mins/month Average Revenue Per User Rs. 26
Slide 7: Drivers for Indian Telecom Tower Industry
Drivers for Indian Telecom Tower Industry India is the fastest growing and third largest telecom market in the world Higher Higher Subscriber Subscriber India’s subscriber base expected to reach 400mn by March 2009 Growth Growth Net adds in India has accelerated to 8-9 mn in recent months New teleco
Slide 8: Present Tower availability
Present Tower availability 9000 7364 No. 1 amongst independent players 7500 6000 4500 3500 3400 3000 1500 1000 700 1500 550 0 GTL Essar Quipo Xcel Aster Tower TVS Infra Vision Source: Industry reports 80000 70000 * Operator owned consist of 61500 tower portfolios of BSNL, 37000 MTNL, Tata Teleservic
Slide 9: Industry Developments & Impact
Industry Developments & Impact Opportunity – Release of spectrum & Rollout obligations New Operators received spectrum in southern circles and Aircel received spectrum to operate on Pan India basis DoT announces 3G and MVNO policy; timeline for introduction of services New Operators have sold/are in
Slide 10: Operations
Operations 10
Slide 11: Tower Capex - Demystified
Tower Capex - Demystified Type of Cell-site Capex (USD '000) Microwave Ground based cellsite (3 tenants) 75 - 80 Antenna* Ground based cellsite (4 tenants) 85 - 90 Roof top cellsite (2 tenants) 35 - 40 GSM Note: Assuming IUSD = Rs. 40 Antenna* Component of cell-site % of capex Tower RF Cables Tower
Slide 12: Project Management Ability
Project Management Ability Project execution mainly done by GTL, our parent company and preferred deployer of sites GTL is amongst the top five Network services players, globally Execution details: Execution taking place in 19 Telecom circles simultaneously, round the clock 35,000 dedicated personne
Slide 13: Portfolio Details as of Sept. 2008
Portfolio Details as of Sept. 2008 1750 RFIE towers WIP towers 1500 1250 1000 750 500 250 0 ) , Go a E) k a an rat nja b sh esh yana du W ha r al esh P( at a sth Gu j u u d e a d il N a ( Bi ng d & U rn ja P Pra Pr Ha r UP a Be al Pr sa tra Ka Ra r a ya am s t ar ash dh ad h T W e ch ris ma & O ah A
Slide 14: Diverse customer mix
Diverse customer mix Tower Tenancy mix at the end of Q2FY09 Tata Tele Aircel Others* Idea 8% 4% 5% 27% Reliance 10% BSNL Vodafone 12% 22% Airtel 12% * Others include MTNL, STL, HFCL, BPL and Spice (Recently acquired by Idea) The top five customers are India’s largest GSM and CDMA operators 14
Slide 15: Our Q2 FY09 Results
Our Q2 FY 09 Results Quarter Ended Change Particulars Sep-08 Sep-07 Y-o-Y Rs.Cr Rs.Cr Net Sales /Income from Operations 53.07 27.17 95% Costs of Services 16.49 4.58 260% Employee cost 4.28 4.94 -13% Other Expenditure 6.55 3.61 81% EBITDA 25.75 14.04 83% EBITDA Margin 49% 52% - Interest Expense/ ( Ne
Slide 16: Performance review
Performance review 60 Revenue (Rs Cr) 40 20 0 Q2FY08 Q3FY08 Q4FY08 Q1FY09 Q2FY09 3,423 towers 7,364 towers Revenue from Infrastructure provisioning EBIDTA The number of ‘Ready for Installation of Equipment (RFIE)’ towers is 5,484 The occupancy on RFIE towers is 0.95 The number of ‘Occupants’ on RFIE
Slide 17: Funds Raised
Funds Raised Mode of Raising Funds Amount (USD Mn) Highlights Existing Share Capital 84 1:1 Rights Issue 84 Issued at par Warrants: 264 Promoters 168 Warrants issued at Rs. 40/ IDFC 46 Share TIL 50 Attracted more than 93 FCCB 300 Global Investors; Issue over subscribed by 4 times From a Consortium o
Slide 18: Future Tower rollout
Future Tower rollout Sept. 2008 Mar 2011E 19 Circles presence 22 7,364 No. of towers 23,700 662 Asset Base (USD Mn) 1,757 The Company intends to meet around 10% of the demand for towers in India in the next three years, through the planned rollout Note: The conversion rate assumed is 1USD = Rs. 41 f
Slide 19: Thank you
Thank you Contact Information: E-Mail : ir@gtllimited.com Tel: +91 22 22715357 : +91 22 22715329