Den Networks Limited · NSE:DEN

Den Networks — Q3 FY2018 Earnings Presentation

21 slides from Den Networks's earnings presentation, Jan 16, 2018

  1. Slide 1: Stock exchange filing cover letter for investor presentation

    DN January 16, 2018 The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 15% Floor, P J Towers Plot no. C/1, G- Block Dalal Street, Mumbai - 400001 Bandra Kula Complex Scrip Code- 533137 Bandra (E), Mumbai — 400051 NSE Trading Symbol- DEN Sub: - Investors’ Presentation for Unaudi

  2. Slide 2: 3Q'18 Results – Investor Presentation

    Den Networks Ltd. 3Q’18 Results – Investor Presentation 16th Jan ’18

  3. Slide 3: Consolidated P&L highlights

    Consolidated P&L highlights Rs in crs Quarterly Gr% FY18 Q3 FY18 Q2 FY17 Q3 Q-o-Q Y-o-Y Revenue 330 328 293 0% 12% Opex* 114 114 122 0% -6% % Revenue 34% 35% 41% EBITDA 81 82 53 0% 54% % Revenue 25% 25% 18% PAT 2 1 (37) Quarterly PAT continues to grow with growth in subscription revenue, YTD EBITDA

  4. Slide 4: Cable P&L highlights

    Cable P&L highlights Rs in crs Quarterly Gr% FY18 Q3 FY18 Q2 FY17 Q3 Q-o-Q Y-o-Y Revenue 312 308 272 1% 15% Opex* 96 93 101 3% -5% % Revenue 31% 30% 37% EBITDA 82 83 53 -1% 55% % Revenue 26% 27% 19% PAT 10 10 (30) FY18 YTD Revenue at Rs 912 crs Vs Rs 766 crs in FY17 , Gr% 19% FY18 YTD EBITDA at Rs 2

  5. Slide 5: Boom-band P&L highlights

    Boom-band P&L highlights Rs in crs Quarterly Gr% FY18 Q3 FY18 Q2 FY17 Q3 Q-o-Q Y-o-Y Revenue 18 20 21 -10% -17% Opex 18 21 21 -13% -14% % Revenue 102% 105% 98% EBITDA (0) (1) 0 69% % Revenue -2% -5% 2% PAT (7) (9) (7) PAT improved by Rs (-) 2 crs despite dip in revenue through cost optimization , EB

  6. Slide 6: Consolidated (Ind. AS) Highlights

    Consolidated (Ind. AS) Highlights Rs in crs Rs in crs Quarterly Revenue Quarterly EBITDA 328 330 82 81 315 313 59 61 293 53 17 Q3 17 Q4 18 Q1 18 Q2 18 Q3 17 Q3 17 Q4 18 Q1 18 Q2 18 Q3 Quarterly PAT Opex % Revenue 2 41% 42% 1 39% 35% 34% 17 Q3 17 Q4* 18 Q1 18 Q2 18 Q3 (10) (29) 17 Q3 17 Q4 18 Q1 18 Q

  7. Slide 7: Consolidated Income Statement

    Consolidated Income Statement INR Crores Actuals Growth % 3Q'18 2Q'18 3Q'17 FY18 YTD FY17 YTD Q-o-Q (Gr%) Y-o-Y (Var%) Y-T-D (Gr%) Subscription- Cable 174 164 144 492 388 6% 21% 27% Subscription - Broadband 17 19 21 57 60 -9% -20% -4% Placement 85 88 89 262 262 -4% -5% 0% Other Operating Income 19 2

  8. Slide 8: Healthy balance sheet

    Healthy balance sheet Dec'17 Sep'17 June'17 Mar'17 Gearing Ratio (Net) 0.16 0.15 0.14 0.19 Net Debt to EBITDA* 0.4 0.4 0.5 0.7 Debtors O/s (Days) 81 77 69 58 * Quarterly EBI TDA div ide by Net Debt 7 © Den Networks Ltd.

  9. Slide 9: Consolidated Balance sheet

    Consolidated Balance sheet INR Crore Ind. AS Dec'17 Sep'17 Jun'17 Mar'17 Share Capital 195 195 194 194 Reserves & Surplus 604 604 609 620 Networth 799 800 802 813 Minority Interest 106 101 94 90 Short & Long Term Debt 499 493 519 522 Defferred Revenue 471 498 519 508 Trade Payables 376 382 343 330 O

  10. Slide 10: Consolidated Debt position (Ind. AS)

    Consolidated Debt position (Ind. AS) In crs Gross Debt Net Debt 697 522 519 171 493 499 169 133 141 123 Dec'16 Mar'17 June'17 Sep'17 Dec'17 Dec'16 Mar'17 June'17 Sep'17 Dec'17 9 © Den Networks Ltd.

  11. Slide 11: Cable Business

    Cable Business 10 © Den Networks Ltd.

  12. Slide 12: Cable Highlights (Ind. AS)

    Cable Highlights (Ind. AS) Cable Quarterly EBITDA Rs in crs Total Revenue Rs in crs 83 82 308 312 293 291 59 61 272 52 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 17 Q3 17 Q4 18 Q1 18 Q2 18 Q3 PAT EBITDA % Revenue 27% 26% 10 10 20% 21% 19% 17 Q3 17 Q4 18 Q1 18 Q2 18 Q3 (2) (30) 17 Q3 17 Q4 18 Q1 18 Q2 18 Q3 (49)

  13. Slide 13: Subscription Revenue and key parameters – Ind. AS

    Subscription Revenue and key parameters – Ind. AS Subscription ARPU Active Subscribers 78 72 74 7.2 7.3 7.4 7.4 7.4 67 69 17 Q3 17 Q4 18 Q1 18 Q2 18 Q3 17 Q3 17 Q4 18 Q1 18 Q2 18 Q3 Subscription Revenue Subscription Collection efficiency 174 95% 96% 93% 93% 93% 164 157 154 144 17 Q3 17 Q4 18 Q1 18 Q

  14. Slide 14: Phase wise Per Box Subscription Revenue – Ind. AS

    Phase wise Per Box Subscription Revenue – Ind. AS DAS 1 DAS 2 DAS 3 DAS 4 Total 78 74 72 69 56 63 46 45 34 64 35 61 60 57 49 96 90 82 87 76 117 120 100 107 109 FY17 Avg. FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 13 © Den Networks Ltd.

  15. Slide 15: Cable Income Statement

    Cable Income Statement INR Crore Actuals Growth % 3Q'18 2Q'18 3Q'17 FY18 YTD FY17 YTD Q-o-Q (Gr%) Y-o-Y (Var%) Y-T-D (Gr%) Subscription 174 164 144 492 388 6% 21% 27% Placement 85 88 89 262 262 -4% -5% 0% Activation 35 36 21 94 62 -1% 65% 52% Other Operating Income 18 20 17 65 55 -10% 7% 18% Total I

  16. Slide 16: Broadband

    Broadband 15 © Den Networks Ltd.

  17. Slide 17: 3Q'18 – Highlights (Broadband Results)

    3Q’18 – Highlights (Broadband Results) Quarterly Revenue* Quarterly EBITDA * (in crs) (Rs in crs) 21 21 21 1 20 18 0 0 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 0 -1 FY17 Q3 FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 *Post- Activ ation 16 © Den Networks Ltd.

  18. Slide 18: Broadband Highlights

    Broadband Highlights Homes passed (‘000) APRU (INR) 899 864 868 879 879 752 733 725 664 579 FY17 Q3 FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 FY17 Q3 FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 Avg consumption / Subscribers Household (in GB) 78 80 215 75 205 193 67 177 159 59 * Year ToFY17 DateQ3 FY17 Q4 Numbers FY18 Q1

  19. Slide 19: Broadband Income Statement

    Broadband Income Statement INR Crores Actuals Growth % 3Q'18 2Q'18 3Q'17 YTD FY18 YTD FY17 Q-o-Q (Gr%) Y-o-Y (Var%) Y-T-D (Gr%) Total income 18 20 21 59 61 -10% -17% -3% Personnel Costs 3 3 4 10 12 -10% -18% -21% Other Opex 15 17 17 50 58 -14% -13% -15% Total Expenditure 18 21 21 59 71 -13% -14% -16

  20. Slide 20: For Further Information Please Contact

    For Further Information Please Contact Jatin Mahajan Shogun Jain / Payal Dave InvestorRelations@DenOnline.in Shogun,jain@sgapl.net / paya.davel@sgapl.net +91 11 4052 2200 +91 77 3837 7756 /+91 98 1991 6314 DEN Networks Ltd. Strategic Growth Advisors Pvt. Ltd. (CIN No. L92490DL2007PLC165673) (CIN No.

  21. Slide 21: Safe Harbor

    Safe Harbor 20 These presentation materials have been prepared by DEN Networks Limited (“DEN”) solely for use at this presentation and have not been independently verified. This presentation material is highly confidential, is being presented solely for your information and may not be copied, reprod

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