Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q2 FY20 Earnings Presentation
31 slides from Gtpl Hathway's earnings presentation, Oct 14, 2019
Slide 1: Cover letter to stock exchanges
GTPL Hathway Limited CIN : L64204GJ2006PLC048908 Registered Office : 202, 2nd Floor, Sahajanand Shopping Centre, Opp. Swaminarayan Temple, Shahibaug, Ahmedabad-380004, Gujarat. Phone: 079-25626470 Fax: 079-61400007 Ref. No.: GTPL/SE/2019 October 14, 2019 ..... - -·· . ., BSE Limited National Stock E
Slide 2: Q2 & H1 FY20 Results Update
Q2 & H1 FY20 GTPL Hathway Limited RESULTS UPDATE OCTOBER 2019
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 11 2 Key KPIs 12 - 14 3 Consolidated Financials 15 - 22 4 Standalone Financials 23 - 27
Slide 4: Company Overview & Strategy
Company Overview & Strategy
Slide 5: Leader across Key Cable Markets in India
Leader across Key Cable Markets in India Commenced Commenced Business Business from from Gujarat Gujarat (Ahmedabad in 2006 with city) in 2006 CATVwith services. CATV services. Grew to National MSO with footprints in 750+ towns across 11 States in India in 13 Years, providing both CATV & Broadband S
Slide 6: Financial Performance
Financial Performance (Ex. EPC) Key Financial Highlights (in ₹ Mn) • Subscription Revenue increased by 47% Y-o-Y H1 FY20 FY19 FY18 • ISP Revenue increased by 11% Y-o-Y REVENUE 8,381 12,892 11,134 • EBITDA of ₹ 2,259 Mn in H1 FY20; 30% increase H-o-H. • PAT of ₹ 460 Mn in H1 FY20; ₹ 173 Mn increase H
Slide 7: CATV Business Performance
CATV Business Performance Key Highlights • Increase of 200K Connected Homes during Q2 FY20 • Increase of 150K Paying Subscribers during Q2 FY20 9.90 Mn 7.75 Mn 7.25 Mn • Phase I, II, III & IV contributes 9%, 23%, 31% & 37% Connected Active1 Paying Homes Subscribers Subscribers respectively of total
Slide 8: Broadband Performance
Broadband Performance Key Highlights • Active subscribers crossed 350K ; increase of 15K in Q2 FY20 • 2.92 Mn Home Pass ; 50% Home Pass available for 355K 2.92 Mn 75K FTTX conversion Active Subscriber Home Pass #15K addition in #260K addition in FTTX Subscribers Q2FY20 Q2FY20 • Data Consumption per
Slide 9: Key Inherent Strength of GTPL Hathway
Key Inherent Strength of GTPL Hathway Leadership Position in Located in Consumption High Quality Technology Trusted Partner Operating Markets Market and Infrastructure • 95% CATV • #1 MSO in Gujarat, • 27,000+ LCOs as • State-of-the-Art Next Subscribers in Hindi Business Partners #2 in WB Speaking M
Slide 10: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Technology Partners Headend: • 2 Main Headend & 4 support Headend for disaster Headend management. • Mother Headend & Network Operating Centre (NOC) in Gujarat, capable to cater across
Slide 11: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Anirudhsinhji Jadeja A zealous entrepreneur; started with cable operations in 90s and shaped GTPL in 2006; has many Promoter and MD accomplishments to his credit and has won numerous industry/social awards Anil Bothra CA,CS and CMA with 24 years o
Slide 12: Growth Opportunities
Growth Opportunities ➢ Successful implementation of New Tariff ➢ GigaHD – Industry First, Dual Service Order (NTO) across India has opened up Product : Broadband Services along with avenues for expansion in existing Cable services, as a single package markets & lifted entry barriers in with attracti
Slide 13: Key KPIs
| Key KPls
Slide 14: KEY KPIs: CATV Business: Quarterly: Consolidated
KEY KPIs : CATV Business : Quarterly : Consolidated* Connected Homes (Mn) Active Subscribers (Mn) Paying Subscribers (Mn) NTO & 8.00 Auto-dunning 9.90 7.80 7.90 7.751 Effect in Q4 FY19 7.651 7.28 7.45 7.10 7.25 6.80 9.70 9.50 9.50 9.20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q3 FY19 Q4 FY19
Slide 15: KEY KPIs: Broadband Business: Quarterly
KEY KPIs : Broadband Business : Quarterly Home Pass (Mn) Active Subscriber (‘000) ARPU (₹) (Net of Taxes) 355 2.92 450 430 2.66 420 340 413 415 2.42 2.15 325 1.80 315 304 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 # 260K Ne
Slide 16: Consolidated Financials
s a 2 © = ° wn < fe) Oo 2 aS 1s) < © S is
Slide 17: Financial Highlights: Consolidated
Financial Highlights : Consolidated * (Ex EPC) Total Revenue up by 35% H-o-H; 41% Y-o-Y & 14% Q-o-Q 1 Revenue Subscription Revenue up by 47% H-o-H; 47% Y-o-Y & 6% Q-o-Q ISP Revenue up by 10% H-o-H; 11% Y-o-Y 2 Expenses Finance cost down by 39% H-o-H; 48% Y-o-Y & 20% Q-o-Q EBITDA of ₹ 2,259 Mn in H1
Slide 18: Financial Performance: Consolidated
Financial Performance : Consolidated * (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 4,470 Quarterly 1,156 3,911 1,103 3,174 902 + 14% + 5% + 41% + 28% Q2 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q1 FY20 Q2 FY20 8,381 Half Yearly 2,259 1,743 6,205 + 35% + 30% H1 FY19 H1 FY20 H1 FY19 H1 FY20 17 * FY = Apr- M
Slide 19: Financial Performance: Consolidated
Financial Performance : Consolidated * (Ex EPC) Subscription Revenue (In ₹ Mn) ISP Revenue (In ₹ Mn) 2,608 Quarterly 2,472 393 398 358 1,775 + 6% + 1% + 47% + 11% Q2 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q1 FY20 Q2 FY20 5,080 Half Yearly 791 716 3,451 + 47% + 10% H1 FY19 H1 FY20 H1 FY19 H1 FY20 18 * FY = Apr
Slide 20: EBITDA Bridge: Consolidated
EBITDA Bridge : Consolidated * (Ex EPC) In ₹ Mn 19 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, H1/H=Apr-Sep Note : Financial figures are excluding EPC contract
Slide 21: Profit & Loss Statement: Consolidated
Profit & Loss Statement : Consolidated * In ₹ Mn * * includes Distribution Fees, Carriage and Incentives Note : Exceptional items provided in books amounting ₹ 650 Mn during FY19 due to change in pricing mechanism between industry stakeholders in the value chain post implementation of New Tariff Ord
Slide 22: Balance Sheet: Consolidated
Balance Sheet : Consolidated In ₹ Mn ❖ Drop in total Borrowings ₹ 540 Mn due to repayment of loans ❖ Increase in Trade Receivables by ₹ 557 Mn; largely attributable to BBNL project. ❖ Increase in Trade Payables of ₹ 3,129 Mn attributable to BBNL project ₹ 1,590 Mn, ❖ Increase in Other Current Assets
Slide 23: Financial Performance: Consolidated
Financial Performance : Consolidated Net Worth (In ₹ Mn) Gross Debt (In ₹ Mn) 7,092 5,499 6,577 6,648 4,660 3,279 3,452 3,872 2,918 3,378 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Net Debt Trend (In ₹ Mn) Key Leverage Broadband RevenueMetrics Trend (₹ mn) 4,437 2.4 3,802
Slide 24: Standalone Financials
Standalone Financials
Slide 25: Financial Highlights: Standalone
Financial Highlights : Standalone * (Ex EPC) Total Revenue up by 37% H-o-H; 47% Y-o-Y & 19% Q-o-Q 1 Revenue Subscription Revenue up by 51% H-o-H; 56% Y-o-Y & 9% Q-o-Q 2 Expenses Finance cost down by 44% H-o-H; 45% Y-o-Y & 9% Q-o-Q EBITDA of ₹ 1,519 Mn for H1 FY20; ₹ 774 Mn for Q2 FY20 3 EBITDA Up by
Slide 26: Profit & Loss Statements: Standalone
Profit & Loss Statements : Standalone * In ₹ Mn * * includes Distribution Fees, Carriage and Incentives Note : Exceptional items provided in books amounting ₹ 550 Mn during FY19 due to change in pricing mechanism between industry stakeholders in the value chain post implementation of New Tariff Orde
Slide 27: Balance Sheet: Standalone
Balance Sheet : Standalone In ₹ Mn • Decrease in total Borrowings by ₹ 507 Mn due to Repayment. • Decrease in Deferred Tax Assets mainly due to reduction in effective tax rate. • Increase in Trade Payables of ₹ 2,732 Mn attributable to BBNL project ₹ 1,590 • Inventories increase shows increase in gr
Slide 28: Financial Performance: Standalone
Financial Performance : Standalone * (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 3,019 Quarterly 745 774 2,538 2,052 571 + 19% + 4% + 47% + 36% Q2 FY19 Q1 FY20 Q2 FY20 Q2 FY19 Q1 FY20 Q2 FY20 Half Yearly 5,557 1,519 1,145 4,044 + 37% + 33% H1 FY19 H1 FY20 H1 FY19 H1 FY20 27 * FY = Apr- Mar, Q1
Slide 29: 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 30: Investor Conference Call Details
Investor Conference Call Details 29
Slide 31: Thank You
Mr. Piyush Pankaj Head - CATV Business & Chief Strategy Officer Email: piyush.pankaj@gtpl.net Mr. Hiral Keniya IR Consultant Contact: +91 90296 62801 Email: hiral.keniya@dickensonworld.com THANK YOU