Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q3 FY24 Earnings Presentation
28 slides from Gtpl Hathway's earnings presentation, Jan 11, 2024
Slide 1: Cover letter to stock exchanges
Ref. No.: GTPL/SE/2024 January 11, 2024 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 Q3 & 9M FY24 Results Update
GTPL Hathway Limited Q3 & 9M FY24 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview & Strategy 3 02 Key KPIs 12 03 Consolidated Financials 17 04 Standalone Financials 21 2
Slide 4: Company Overview & Strategy
Company Overview & Strategy 3
Slide 5: Leader across Key Markets
Leader across Key Markets Commenced Business in 2006 01 Footprint in 1,500+ towns across 22 States 02 Connecting 11+ Mn Households #No.1* MSO in India #No.1 MSO in Gujarat 03 #No.2 in West Bengal #Leading private Wireline Broadband Player #No. 1 in Gujarat** 04 #Crossed 1 Mn Broadband subscriber thi
Slide 6: Value Creation Over The Period Of Time
Value Creation Over The Period Of Time Subscriber Cash Debt Consistent Base Growth Positive Reduction Performance Dividend • ~1.5x growth in • CAGR Growth • Free Cash Flow • “Net Debt Free” • PAT Positive for o Consistent last 6 years for over last 6 years (FCF) generated company as of last 6 years
Slide 7: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology partners Technology Partners Headend: • Mother Headend in Ahmedabad, Gujarat Headend • 2nd Headend in Kolkata, West Bengal • Distributing 930+ channels including 97+ HD channels STBs & across
Slide 8: Inherent Strengths
Inherent Strengths • Oracle’s Exadata Database • GTPL Genie+ : • Nokia’s BNG solution & Aggregation of OTT Apps Aprecomm’s A.I. For Digital Cable TV & technology for Broadband Broadband customers • Harmonic’s MPEG4 Video • GTPL Genie : Bundle of Headend for Digital Cable Digital Cable TV + OTT TV +
Slide 9: Television continues to be preferred
Television continues to be preferred Television Revenues (INR in Billions) Co-viewership TV continues to be a family viewing platform with 82% consumers reporting co- viewing with 3.5 average 425.0 number of co-viewers per Total television screens household in 2022 397.0 (linear and bi-directional)
Slide 10: Opportunities to Enhance Cable TV Business
Opportunities to Enhance Cable TV Business RURAL INDIA TO DRIVE INORGANIC ACQUISITIONS CONTENT AVAILABILITY USER FRIENDLY SERVICES GROWTH • ~45 Mn Cable TV Households • Distribution of Content • Online payment mode available • Increasing demand from rural catered by unorganized and (Broadcasting & O
Slide 11: 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 12: Awards & Recognitions
Awards & Recognitions Gold Award for Excellence in BRSR Best Use of Social Analytics Award Awarded by ICAI Awarded at WeKonnect, 2023 event 11
Slide 13: Key Performance Indicators
Key Performance Indicators 12
Slide 14: Cable TV Business Performance
Cable TV Business Performance Increased Active Subscribers by 500K in Q3 FY24 Y-o-Y 9.40 Mn 8.70 Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 400K in Q3 FY24 Y-o-Y 40 K+ 80%+ Entered 3 new states – Delhi, Haryana and Uttarakhand Business Partners Digital Collection Expanding ag
Slide 15: Broadband Business Performance
Broadband Business Performance Crossed 1 Mn subscriber this quarter 1005K 5.60 Mn Increase of 110K (12%) Subscribers in Q3 FY24 Y-o-Y. Active Subscribers Home-pass ARPU of ₹ 460 as of Dec 23; increase of ₹ 5 annually 345 GB 9% Enhanced High Speed Broadband Service offering up to Average Data Y-o-Y R
Slide 16: Cable TV Business: Quarterly: Consolidated
Cable TV Business: Quarterly: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 9.40 8.70 8.70 9.40 9.05 8.30 8.30 8.90 8.95 8.20 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 # Active Subscribers increased 500K Y-o-Y # Paying Subscribers increased 400K
Slide 17: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 990 1,005 455 460 460 460 460 5.60 960 5.55 920 895 5.40 5.30 5.15 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 # Homepass increa
Slide 18: Consolidated Financials
Consolidated Financials 17
Slide 19: Financial Highlights: Consolidated
Financial Highlights : Consolidated * Total Revenue up by 21% 9M-o-9M & 22% Y-o-Y 1 Revenue Subscription Revenue up by 15% 9M-o-9M & 17% Y-o-Y ISP Revenue up by 11% 9M-o-9M & 9% Y-o-Y EBITDA of ₹ 3,914 Mn in 9M FY24; ₹ 1,305 Mn in Q3 FY24 2 EBITDA EBITDA Margin stands at 16.1% in 9M FY24 3 PBT PBT o
Slide 20: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn 9M-o- Particulars Q3 FY24 Q2 FY24 Q-o-Q% Q3 FY23 Y-o-Y% 9M FY24 9M FY23 FY23 Movement in 9M-o-9M 9M% 1.Decrease in EBITDA of ₹ 137 Revenue Subscription Income CATV 3,249 3,226 1% 2,775 17% 9,456 8,253 15% 11,005 Mn primarily due to, Broadband ISP 1,352
Slide 21: Analysis on Operating Margin: Consolidated
Analysis on Operating Margin : Consolidated * In ₹ Mn 9M-o- Particulars Q3 FY24 Q2 FY24 Q-o-Q% Q3 FY23 Y-o-Y% 9M FY24 9M FY23 FY23 9M% Revenue Subscription Income CATV 3,249 3,226 1% 2,775 17% 9,456 8,253 15% 11,005 Broadband ISP 1,352 1,317 3% 1,243 9% 3,961 3,580 11% 4,826 Other Operating Income 2
Slide 22: Standalone Financials
Standalone Financials 21
Slide 23: Financial Highlights: Standalone
Financial Highlights : Standalone * Total Revenue up by 21% 9M-o-9M & 16% Y-o-Y 1 Revenue Subscription Revenue up by 15% 9M-o-9M & 15% Y-o-Y EBITDA of ₹ 2,220 Mn in 9M FY24; ₹ 757 Mn in Q3 FY24 2 EBITDA EBITDA up by ₹ 45 Mn (6%) Y-o-Y EBITDA Margin stands at 14.5% in Q3 FY24 3 PBT PBT of ₹ 901 Mn in
Slide 24: Profit & Loss Statement: Standalone
Profit & Loss Statement : Standalone * In ₹ Mn 9M-o- Particulars Q3 FY24 Q2 FY24 Q-o-Q% Q3 FY23 Y-o-Y% 9M FY24 9M FY23 FY23 9M% Revenue Subscription Income CATV 2,251 2,237 1% 1,952 15% 6,674 5,790 15% 7,778 Placement / Carriage / Marketing Incentive 2,542 2,445 4% 2,063 23% 7,481 5,607 33% 7,748 Ac
Slide 25: Analysis on Operating Margin: Standalone
Analysis on Operating Margin : Standalone * In ₹ Mn 9M-o- Particulars Q3 FY24 Q2 FY24 Q-o-Q% Q3 FY23 Y-o-Y% 9M FY24 9M FY23 FY23 9M% Revenue Subscription Income CATV 2,251 2,237 1% 1,952 15% 6,674 5,790 15% 7,778 Other Operating Income 298 304 -2% 292 2% 949 913 4% 1,215 Total Income 2,550 2,541 0%
Slide 26: Investor Conference Call Details
Investor Conference Call Details 25
Slide 27: 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 28: Thank You! Contact Details
Contact Details Thank Mr. Piyush Pankaj Mr. Irfan Raeen Business Head - Cable TV & Mr. Devansh Dedhia You! Chief Strategy Officer +91 98113 21102 +91 97737 78669 +91 99301 47479 Irfan.raeen@linkintime.co.in piyush.pankaj@gtpl.net Devansh.dedhia@linkintime.co.in 27