Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q1 FY23 Earnings Presentation
28 slides from Gtpl Hathway's earnings presentation, Jul 14, 2022
Slide 1: Exchange filing cover letter
Ref. No.: GTPL/SE/2022 July 14, 2022 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 FY23 Results Update
GTPL Hathway Limited Q1 FY23 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview & Strategy 3 02 Key Performance Indicators 15 03 Consolidated Financials 18 04 Standalone Financials 22 2
Slide 4: Company Overview & Strategy
Company Overview & Strategy 3
Slide 5: About Us
About Us • GTPL Hathway Limited is engaged in Digital Cable TV Distribution and High-speed Broadband Services for 15+ years; connecting 11 million+ households in ~1,200 towns across 19 states in India. • The Company is the No. 1 Multi-Service Operator (MSO) in India & Gujarat and the No. 2 MSO in We
Slide 6: Leader across Key Markets
Leader across Key Markets Commenced Business in 2006 01 Footprint in ~1,200 towns across 19 States 02 connecting 11 Mn+ Households #No.1* MSO in India 03 #No.1 MSO in Gujarat | #No.2 in WB #No. 6* Private Wireline Broadband Player in India 04 #No. 1 in Gujarat** Significant presence in Maharashtra,
Slide 7: Value Creation Over the Time
Value Creation Over the Time Subscriber Growth Cash Debt Consistent Dividend Base Positive Reduction Performance • ~2.3x growth • CAGR Growth • Free Cash Flow • “Net Debt • PAT Positive for • Consistent in last 6 years over last 6 years (FCF) generated Free” company last 6 years Dividend for CATV fo
Slide 8: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Technology Partners Headend: • Mother Headend & Network Operating Centre (NOC) in Headend Ahmedabad, Gujarat • 2nd Headend in Kolkata, West Bengal STBs & Modems • Distributing 800+ cha
Slide 9: Inherent Strengths
Inherent Strengths • Oracle’s Exadata Database • Nokia’s BNG solution & Aprecomm’s A.I. technology for Broadband • Harmonic’s MPEG4 Video • Combined Offerings - Headend for OTT+Cable TV CATV + OTT • Covering 19 states • Multi-lingual packages • Wide reach across • Business App in consumption market
Slide 10: Company's Achievements
Company’s Achievements 5 Net Debt Free 4 ISO Certified 3 India’s Top 500 Company - by d&b 2 No. 1 Broadband Player** in Gujarat 1 No. 1 MSO* in India Sources : * Performance Indicators Report, TRAI 9 ** Independent third party Report
Slide 11: India's Top 500 Companies
India’s Top 500 Companies Ranked #364 # Net Profit ↑#60 ranks from 2021 listing Ranked #410 # Revenue Ranked #444 # Net worth 10
Slide 12: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Anirudhsinh Jadeja Zealous entrepreneur with 3 decades of leadership in cable operations; carving success story of GTPL since 2006. He has Promoter and MD been awarded with numerous industry/social awards and has accomplished many firsts in the in
Slide 13: Cable TV Business Performance
Cable TV Business Performance • Increase in Active & Paying subscribers by 400K & 500K respectively on Y-o-Y 8.40 Mn 7.80 Mn 33,500+ Active STBs1 Paying Subscribers Business Partners • Subscription Revenue increased by ₹ 87 Mn Y-o-Y • Increased Footprint in 4 new States Y-o-Y • Launch of GTPL Genie
Slide 14: Broadband Business Performance
Broadband Business Performance • Increase of 155K (22%) Subscribers Y-o-Y; 29K Subscribers Q-o-Q 845K 4.85 Mn 260 GB Active Subscribers Home-pass Average Data consumption per month • ARPU of ₹ 450/- as of Jun-22; Increase by ₹ 10/- Y-o-Y • Enhanced High Speed Broadband Service offering up to 200 Mbp
Slide 15: Growth Opportunities
Growth Opportunities Combo Offerings Expansion • Bundled services of • Expand Footprint in Existing Markets Cable TV & OTT; Launched in FY22 • Venture into New Markets through acquisition and consolidation • Broadband bundling with OTT • Up-sell current customers & add new customers Broadband Techno
Slide 16: Key Performance Indicators
Key Performance Indicators 15
Slide 17: Cable TV Business: Quarterly: Consolidated
Cable TV Business : Quarterly : Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.40 8.40 8.05 8.20 7.80 7.80 8.00 7.50 7.30 7.35 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 # Active Subscribers increased 400K Y-o-Y #Paying Subscribers increased by
Slide 18: Broadband Business: Quarterly
Broadband Business : Quarterly* Home-pass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 4.85 845 445 450 450 440 440 4.70 816 765 4.40 735 4.20 690 4.10 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 # 150K New Home-P
Slide 19: Consolidated Financials
Consolidated Financials 18
Slide 20: Financial Highlights: Consolidated
Financial Highlights : Consolidated Total Revenue up by 10% Y-o-Y; 4% Q-o-Q 1 Revenue Subscription Revenue up by 3% Y-o-Y ISP Revenue up by 24% Y-o-Y; 4% Q-o-Q EBITDA of ₹ 1,354 Mn in Q1 FY23 2 EBITDA EBITDA Margin stands at 21% in Q1 FY23 3 Finance Cost Finance Cost down by 43% Q-o-Q 4 PAT PAT of ₹
Slide 21: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn Q4 FY22 Q1 FY22 FY22 Q4 FY22 Q4 FY22 Q-o-Q% Q1 FY22 Q1 FY22 Y-o-Y% FY22 FY22 Particulars Q1 FY23 EPC EPC EPC Ex. EPC Total (Ex. EPC) Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Contract Revenue Subscription CATV 2,727 2,695 - 2,695 1% 2,641
Slide 22: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* In ₹ Mn Net Worth Gross Debt Net Debt 10,319 10,324 Net 3,452 2,064 Debt Free 8,801 7,283 6,648 1,279 2,158 1,463 1,057 1058 (56) (108) (171) FY19 FY20 FY21 FY22 Jun-22 FY19 FY20 FY21 FY22 Jun-22 FY19 FY20 FY21 FY22 Jun-22 * FY = Apr-Mar 21
Slide 23: Standalone Financials
Standalone Financials 22
Slide 24: Financial Highlights: Standalone (Ex. EPC)
Financial Highlights : Standalone (Ex. EPC) Total Revenue up by 9% Y-o-Y; 4% Q-o-Q 1 Revenue Subscription Revenue up by 4% Y-o-Y EBITDA of ₹ 753 Mn in Q1 FY23 2 EBITDA EBITDA Margin stands at 18.4% in Q1 FY23 3 Finance Cost Finance Cost down by 26% Y-o-Y 4 PAT PAT of ₹ 274 Mn in Q1 FY23 * FY = Apr-M
Slide 25: Profit & Loss Statement: Standalone
Profit & Loss Statement: Standalone In ₹ Mn Q4 FY22 Q1 FY22 FY22 Q4 FY22 Q4 FY22 Q-o-Q% Q1 FY22 Q1 FY22 Y-o-Y% FY22 FY22 Particulars Q1 FY23 EPC EPC EPC Ex. EPC Total (Ex. EPC) Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Contract Revenue Subscription CATV 1,903 1,887 - 1,887 1% 1,837 - 1
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: Contact Details
Contact Details Mr. Piyush Pankaj Mr. Bhavin Soni Business Head - Cable TV & Mr. Nachiket Kale Chief Strategy Officer +91 98113 21102 +91 98335 37225 +91 99209 40808 bhavin.soni@linkintime.co.in piyush.pankaj@gtpl.net nachiket.kale@linkintime.co.in 27