Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q1 FY24 Earnings Presentation
29 slides from Gtpl Hathway's earnings presentation, Jul 14, 2023
Slide 1: Cover letter to stock exchanges
Ref. No.: GTPL/SE/2023 July 14, 2023 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: I
Slide 2: GTPL Hathway Limited Q1 FY24 Results Update
GTPL Hathway Limited Q1 FY24 Annual Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview & Strategy 3 02 Key KPIs 17 03 Consolidated Financials 20 04 Standalone Financials 23 2
Slide 4: Company Overview & Strategy
Company Overview & Strategy 3
Slide 5: About Us
About Us • GTPL Hathway is engaged in Digital Cable TV Distribution and High-speed Broadband Services for 17 years; connecting 11+ million households in 1,500+ towns across 22 states in India. • The Company is the No. 1 Multi-Service Operator (MSO) in India & Gujarat and the No. 2 MSO in West Bengal
Slide 6: 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 #One fo the leading Private Wireline Broadband Player in India 04 #No. 1 in Gujarat** Significant presen
Slide 7: 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 on last 6 years
Slide 8: 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 900+ channels including 97+ HD channels STBs & across
Slide 9: 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 10: Launch of GTPL Genie+
Launch of The Product Advantage GTPL Advantage Customers • Offer all entertainment • Unique 100% Guaranteed • OTT Apps Aggregation avenues to customers (Linear Cashback for all subscribers ! • Access to 15+ leading OTT and Non-linear Content) • ~80% savings compared to Apps MRP of OTT Apps • Effecti
Slide 11: Cable TV Business Performance
Cable TV Business Performance Increased Active Subscribers by 650K in Q1FY24 Y-o-Y 9.05 Mn 8.30 Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 500K in Q1FY24 Y-o-Y 395K+ 80%+ Entered 3 new states – Delhi, Haryana and Uttarakhand Business Partners Digital Collection Y-o-Y Expandin
Slide 12: Broadband Business Performance
Broadband Business Performance Increase of 115K (14%) Subscribers in Q1FY24 Y-o-Y 960K 5.40 Mn Active Subscribers Home-pass ARPU of ₹ 460 as of June -23; increase of ₹ 10 annually 310 GB 18% Enhanced High Speed Broadband Service offering up to Average Data Y-o-Y Revenue 200 Mbps coupled with Truly U
Slide 13: Equity stake acquired in Metro Cast Network India Pvt Ltd
Equity stake acquired in Metro Cast Network India Pvt Ltd ❑ Company has entered into Share Purchase and Subscription cum Shareholders’ Agreement (“Agreement”) on June 30, 2023, consequent to which the Company has acquired 34.34% equity share capital of Metro Cast Network India Pvt Ltd – (MCNIPL). ❑
Slide 14: Television continues to be preferred
Television continues to be preferred Television Revenues (INR in Billions) Co-viewership TV continues to be a 425.0 family viewing platform with 82% consumers 397.0 Total television screens 392.0 reporting co-viewing with 3.5 average number of co- (linear and bi-directional) viewers per household in
Slide 15: 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 16: 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 17: Award for Excellence in Innovation 2023
Award for Excellence in Innovation 2023 Honored with the Prestigious 01 “Excellence in Innovation” award Awarded by The Economic Times 02 16
Slide 18: Key Performance Indicators
Key Performance Indicators 17
Slide 19: Cable TV Business: Quarterly: Consolidated
Cable TV Business: Quarterly: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.95 9.05 8.90 8.30 8.30 * 8.60 8.20 8.40 8.00 7.80 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 # Active Subscribers increased 650K Y-o-Y *Reduction of 100K Paying Subscri
Slide 20: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 960 455 460 460 5.40 920 450 450 895 5.30 870 845 5.15 5.00 4.85 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 # Homepass increase
Slide 21: Consolidated Financials
Consolidated Financials 20
Slide 22: Financial Highlights: Consolidated
Financial Highlights : Consolidated Total Revenue up by 21% Y-o-Y & 11% Q-o-Q 1 Revenue Subscription Revenue up by 9% Y-o-Y & 8% Q-o-Q ISP Revenue up by 13% Y-o-Y & 4% Q-o-Q EBITDA of ₹ 1,258 Mn in Q1 FY24; up by ₹ 145 Mn (13%) Q-o-Q 2 EBITDA EBITDA Margin stands at 16.1% in Q1 FY24; up by 260 bps 3
Slide 23: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn Particulars Q1 FY24 Q4 FY23 Q-o-Q% Q1 FY23 Y-o-Y% FY23 Revenue Subscription Income CATV 2,981 2,753 8% 2,727 9% 11,005 Broadband ISP 1,292 1,246 4% 1,139 13% 4,826 Placement / Carriage / Marketing Incentive 3,135 2,646 18% 2,114 48% 9,547 Activation 52
Slide 24: Standalone Financials
Standalone Financials 23
Slide 25: Financial Highlights: Standalone
Financial Highlights : Standalone Total Revenue up by 25% Y-o-Y & 13% Q-o-Q 1 Revenue Subscription Revenue up by 15% Y-o-Y & 10% Q-o-Q EBITDA of ₹ 697 Mn in Q1 FY24; up by ₹ 98 Mn Q-o-Q 2 EBITDA EBITDA Margin stands at 13.6% in Q1 FY24; up by 400 bps 3 Costs Employee Cost down by 1% Q-o-Q 4 PAT PAT
Slide 26: Profit & Loss Statement: Standalone
Profit & Loss Statement : Standalone In ₹ Mn Particulars Q1 FY24 Q4 FY23 Q-o-Q% Q1 FY23 Y-o-Y% FY23 Revenue Subscription Income CATV 2,185 1,987 10% 1,903 15% 7,778 Placement / Carriage / Marketing Incentive 2,493 2,141 16% 1,714 45% 7,748 Activation 39 37 8% 56 -30% 208 Other Operating Income 347 3
Slide 27: Investor Conference Call Details
Investor Conference Call Details 26
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: Thank You!
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 28