Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q3 FY19 Earnings Presentation
30 slides from Gtpl Hathway's earnings presentation, Feb 12, 2019
Slide 1: GTPL Hathway Limited exchange filing cover letter
GTPL Hathway Limited (Former Name: GTPL Hathway Private Limited) CIN: L64204GJ2006PLC048908 Registered Office : 202, 2nd Floor, Sahajanand Shopping Centre, Opp. Swaminarayan Temple, Shahibaug, Ahmedabad-380004, Gujarat. Phone : 079-30280340/41 , 256264707 Fax : 079-61400007 Ref. No.: GTPL/SE/2019 Fe
Slide 2: Q3 & 9M FY19 Results Update Presentation
Q3 & 9M FY19 GTPL Hathway Limited RESULTS UPDATE PRESENTATION FEBRUARY 2019
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 10 2 Key KPIs 11 - 15 3 Consolidated Financials 16 - 21 4 Standalone Financials 22 - 29
Slide 4: Company Overview & Strategy
Company Overview & Strategy
Slide 5: Leader across Key Regional Cable Markets in India
Leader across Key Regional Cable Markets in India -No 1 in CATV - 67% KEY HIGHLIGHTS (as of 31-Dec-18) Present in 500+ towns market share - 4.4 mn STB across 10 states Seeded Showing Maximum number Presence in 500+ towns across 10 states -Significant of TV Channels in India Private Set-Top Boxes See
Slide 6: Key Inherent Strength of GTPL Hathway
Key Inherent Strength of GTPL Hathway • #1 MSO in Gujarat, #2 in WB Leadership Position in Operating 1 Markets • Significant Presence in Rest of Maharashtra; Seeded 1.3 mn STBs • 2.15 mn Broadband Home Pass, mainly in Gujarat • 95% CATV Subscribers in Hindi Speaking Market 2 Located in Consumption M
Slide 7: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Well positioned to expand reach into different geographies Optic Fibre Cable Network GPON Technology Mother Headend Gujarat Mother Headend& Network Operating Centre Main Headend capabl
Slide 8: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Aniruddhasinhji 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 Viren Thakkar CA and ICWA with 27 years
Slide 9: Immediate Growth Opportunities
Immediate Growth Opportunities Ø New Tariff Order has just been rolled out and is under implementation phase. Expect higher monetization across all Phases, growth in ARPU over next 12 months Ø Increase footprints in existing market through expansion and venture new markets through acquisitions and c
Slide 10: New Tariff Order
New Tariff Order ü Pay a maximum of ₹ 130 (ex-taxes) per month as network capacity fee; Each Subscribers additional 25 channel slab can be subscribed at ₹ 20 per month Increase in ü True A-La-Carte : Subscribe and Pay as per ARPUs own choice ü MRP to be declared by Broadcaster Robust ü Allows for co
Slide 11: Implementation of New Tariff Order
Implementation of New Tariff Order Handholding of Introduction Stakeholders of New Consumer Packages Education Staff & LCO Education Readiness of Systems Adherence to TRAI Regulations 10
Slide 12: Key KPIs
Key KPIs
Slide 13: Performance KPIs
Performance KPIs Seeded 300K STBs Added 200K CATV Digital Active Subscribers; 170K Paying Subscribers ARPU remains flat across all Phases Gross Debt stands at ₹ 3,560 mn as at 31-Dec-18 against ₹ 3,435 mn as at 30-Sep-18 Net Debt stands at ₹ 2,553 mn as at 31-Dec-18 against ₹ 2,355 mn as at 30-Sep-1
Slide 14: KEY KPIs: CATV Business Quarter wise: Consolidated
KEY KPIs : CATV Business Quarter wise : Consolidated* STBs Seeded (mn) Active STBs (mn) Digital Paying Subs (mn) 9.50 8.00 7.45 9.20 7.80 7.28 8.90 7.60 7.11 7.00 8.70 7.40 8.46 7.20 6.75 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19
Slide 15: KEY KPIs: CATV Business Phase wise: Consolidated
KEY KPIs : CATV Business Phase wise : Consolidated* Phase-wise Seeded STBs (mn) Q3 FY 19 Phase-wise Active Subs (mn) Q3 FY 19 3.08 3.51 2.56 2.92 2.21 1.70 0.86 0.66 Phase I Phase II Phase III Phase IV Phase I Phase II Phase III Phase IV Phase-wise Digital Paying Subs (mn) Q3 FY 19 Phase-wise ARPU (
Slide 16: KEY KPIs: Broadband Business: Quarter Wise
KEY KPIs : Broadband Business : Quarter Wise* Home Pass (mn) Subscribers (‘000) ARPU (₹) Net of Taxes 315 2.15 487 480 304 465 450 1.80 430 1.53 290 1.30 1.24 280 272 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 15 * FY = Apr
Slide 17: Consolidated Financials
Consolidated Financials
Slide 18: Highlights: Consolidated Financial Results Q3FY19
Highlights : Consolidated Financial Results Q3FY19* Revenue up by 13% 1 Y-o-Y EBITDA Margin at 26.1%; EBITDA of ₹ 833 mn Revenue up by 14% 2 9M-o-9M EBITDA up by 9% Revenue up by 1% 3 Q-o-Q PAT of ₹ 197 mn; up by 17% Subscription Revenue up by 20% Y-o-Y; up by 1% Q-o-Q 4 Revenue Broadband Revenue co
Slide 19: Trend: Consolidated Financial Performance
Trend : Consolidated Financial Performance* Revenue (₹ mn) EBIDTA (₹ mn) 902 3,199 3,174 842 833 2,841 Q3 FY18 Q2 FY19 Q3 FY19 Q3 FY18 Q2 FY19 Q3 FY19 9,404 2,579 2,366 8,254 9M FY18 9M FY19 9M FY18 9M FY19 18 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar , 9m=Apr-Dec
Slide 20: Consolidated Financial Performance Q3FY19
Consolidated Financial Performance Q3FY19* 1% 2% 1% 2% Subscription CATV 8% 8% Broadband ISP 22% Placement 23% Activation 53% 56% Other Operating 11% Income Other Income 13% Q3 FY19 Q3 FY18 Subscription Revenue (Revenue ₹ mn) Broadband Revenue (₹ mn) 1,775 1,798 5,249 361 362 358 1,063 1,078 1,502 4
Slide 21: Consolidated Financials Q3 FY19 (IND AS)
Consolidated Financials Q3 FY 19 (IND AS)* In ₹ Mn Quarterly 9 Months Annual Particulars YTD Dec-18 YTD Dec-17 9M-o-9M Q3 FY19 Q2 FY19 Q-o-Q % Q3 FY18 Y-o-Y % FY18 FY19 FY18 % Revenue Subscription CATV 1,798 1,775 1% 1,502 20% 5,249 4,251 23% 5,799 Broadband ISP 362 358 1% 361 0% 1,078 1,063 1% 1,42
Slide 22: Break-up of Finance Cost: Consolidated
Break-up of Finance Cost : Consolidated* Finance Cost (₹ mn) Q3 FY19 Q2 FY19 Q3 FY18 Interest Expense 83 85 55 (Gain) / Loss On Foreign Currency -39 94 -6 Others 15 0 25 Total 59 179 73 21 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar
Slide 23: Standalone Financials
Standalone Financials
Slide 24: Highlights: Standalone Financial Results Q3FY19
Highlights : Standalone Financial Results Q3FY19* Revenue up by 6% 1 Y-o-Y EBITDA Margin at 25.8%; EBITDA of ₹ 536 mn Revenue up by 10% 2 9M-o-9M EBITDA of ₹ 1,682 mn; Margin at 27.5% Revenue up by 1% 3 Q-o-Q PAT of ₹ 135 mn Subscription Revenue up by 10% Y-o-Y; up by 1% Q-o-Q 4 Revenue Placement Re
Slide 25: Trend: Standalone Financial Performance
Trend : Standalone Financial Performance Revenue (₹ mn) EBIDTA (₹ mn) 2,052 2,080 650 1,955 571 537 Q3 FY18 Q2 FY19 Q3 FY19 Q3 FY18 Q2 FY19 Q3 FY19 6,123 1,821 5,572 1,682 9M FY18 9M FY19 9M FY18 9M FY19 24 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar, 9M = Apr-Dec
Slide 26: Standalone Financials Q3 FY19 (IND AS)
Standalone Financials Q3 FY 19 (IND AS)* In ₹ Mn Quarterly 9 Months Annual Particulars YTD Dec-18 YTD Dec-17 9M-o-9M Q3 FY19 Q2 FY19 Q-o-Q % Q3 FY18 Y-o-Y % FY18 FY19 FY18 % Revenue Subscription CATV 1,171 1,140 3% 1,063 10% 3,439 2,966 16% 4,020 Placement 652 659 -1% 587 11% 1,919 1,753 9% 2,351 Ac
Slide 27: Break-up of Finance Cost: Standalone
Break-up of Finance Cost : Standalone Finance Cost (₹ mn) Q3 FY19 Q2 FY19 Q3 FY18 Interest Expense 57 61 39 (Gain) / Loss On Foreign Currency -37 73 -11 Others 15 0 23 Total 35 134 51 26 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar
Slide 28: 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 29: Investor Conference Call Details
Investor Conference Call Details 28
Slide 30: Thank You
Mr. Piyush Pankaj Chief Strategy Officer Email: piyush.pankaj@gtpl.net Mr. Ravindra Bhandari/Mr. Mitul Bhagat IR Consultant Contact: 92836 14197 / 87678 77559 Email: Ravindra.bhandari@dickensonir.com Mitul.bhagat@dickensonir.com THANK YOU