Siti Networks Limited · NSE:SITINET
Siti Networks — Q2 FY2020 Earnings Presentation
18 slides from Siti Networks's earnings presentation
Slide 1: SITI Networks Limited Q2FY20 Investor Presentation
SITI Networks Limited Q2FY20 Investor Presentation Formerly known as SITI Cable Network Limited BSE : 532795 | NSE : SITINET | Bloomberg : SCNL:IN | Reuters : SITI.NS www.sitinetworks.com SITI Networks Limited – Confidential 1
Slide 2: Disclaimer
Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions ,expectations, estimates, objectives and projections of the directors and management of SITI Networks Limited (SITI Networks) about its business and the indust
Slide 3: SITI Networks Declares Strong Q2FY20 Results
SITI Networks Declares Strong Q2FY20 Results • Operating EBITDA leaps 1.43x y-o-y & 1.16x q-o-q to Rs.975 Mn • Operating EBITDA Margin jumps 1.28x y-o-y & 1.09x q-o-q to 23.4% • Subscription Revenue surges 13.2% y-o-y to Rs.2,885 Mn • Total Revenue1 rises 11.3% y-o-y & 6.3% q-o-q to Rs. 4,171 Mn • D
Slide 4: Industry Overview
Industry Overview sit NETWORKS
Slide 5: India C&S Market Overview
India C &S Market Overview TV Households are Growing Faster than the Universe 2016 2018 1% Terrestrial 10% Analog Cable 44% Digital Cable Total HH 286 Mn 297 Mn 13% Free Dish 197 Mn TV Households TV HH 183 Mn 197 Mn 31% Paid DTH Penetration of TV HH has gone up Cable (Digital + Analog) controls from
Slide 6: TV Homes Penetration
TV Homes Penetration Maximum Growth in East & South India | Small Towns & Rural are key drivers of Growth # Growth in TV Penetration # TV Owning HH (Millions) – Major Contributors 21% North East 24% Bihar / Jharkhand 12% Odisha 11% AP/Telangana 9% Karnataka Most Growth in TV Penetration in DAS Phase
Slide 7: Well Positioned to Benefit from Tariff Order
SITI Networks Well Positioned to Benefit from Tariff Order 06 01 • Subscribers pay Phase neutral Minimum Rental of Increase Consumer INR130 for 100 SD channels; Can take additional dependence ARPU’s to rise on systems / Subscription channels in bundles of 25 channels for INR20 each processes • HD Ch
Slide 8: Key differentiators: Pre NTO vs Post NTO
Key differentiators : Pre NTO VS Post NTO Pre-NTO Post-NTO Basis Per customer and his choice; giving MSO Content Cost Fixed Cost in nature more negotiating power over broadcaster for more discount/ incentive Single tier packaging as Content Customer centric multi-tier packaging DPO Packaging Costs w
Slide 9: Company Overview
Company Overview sit NETWORKS
Slide 10: India's Leading Digital TV Network
• India’s Leading Digital TV Network • Present in 20+ States across India • Footprint across 254+ districts 800+ locations • Delivering content to consumers 24/7 10
Slide 11: Present across 800+ locations
SITI Networks Present across 800+ locations Uttaranchal Haryana Uttar Pradesh Bihar Delhi Assam Nagaland Rajasthan Meghalaya Gujarat Jharkhand Madhya Pradesh West Bengal Maharashtra Odisha Chhattisgarh Karnataka Telangana Andhra Pradesh Kerala
Slide 12: Competitive Advantage
SITI Networks Competitive Advantage 01 02 03 04 05 India’s largest MSO Using latest MPEG4 OYC Subscriber In discussion with Robust corporate STBs Management System various service governance & Presence across 800 providers for creating compliance locations Broadband through Conax CAS value adds for
Slide 13: Promoter Group
Promoter Group Corporate Structure • Launched in 1926, the Parent Group (“Essel Group”) completed 90 years recently; One of India's leading business houses, with a dominant vertically integrated presence in Media and entertainment • Leading producer, aggregator and distributor of Indian programming
Slide 14: Key Investors
SITI Networks Sizeable Free Float & Institutional Ownership 1.8% 3.9% Mutual Funds Others Key Investors 9.5% 65.7% Promoters Individuals 11.8% Foreign FII’s Institutions 7.3% Shareholding Pattern Indian Companies 872 Mn Shares Domestic Institutions As of 30 Sep 2019 Others include HUF, Clearing Memb
Slide 15: Technology Infrastructure
Technology Infrastructure Video & Broadband • 10 Digital Headends; Intra-city OFC and Coax Network of ~33,000 Kms covering ~ 800 locations • Transport of Digital CATV signals on 1.2 Gbps links across the country; ~500 IP Points • Hybrid (DOCSIS+ GPON) Technology to offer Cable Broadband services Dig
Slide 16: Financials & Operating Metrics
Financials & Operating Metrics 16
Slide 17: Exceeded Expectation on Q2 FY20 Key Financial Metrics
Exceeded Expectation on Q2 FY20 Key Financial Metrices Key Performance Indicators Vs Q2 FY19 Subscription revenue for Q2 FY20 at Rs ~13% increase in Q2 FY 20 2,885 mn (2,885 mn vs 2,548 mn) Expenses marginally up by 5% Operational expenses for Q2 FY20 at Rs in Q2 FY20 (3,196 mn vs 3,066 3,196 mn mn)
Slide 18: Thank You
Thank You Investor Relations, SITI Networks Limited investorrelations@siti.esselgroup.com