Hathway Cable & Datacom Ltd. · NSE:HATHWAY
Hathway Cable & Datacom — Q2 FY19 Earnings Presentation
26 slides from Hathway Cable & Datacom's earnings presentation, Nov 12, 2018
Slide 1: Cover letter to stock exchanges
hathw@y Date: November 12, 2018 To, To, BSE Limited National Stock Exchange of India Limited The Corporate Relationship Department, Listing Department P J Towers, Dalal Street, “Exchange Plaza” Mumbai - 400001 Bandra Kurla Complex BSE Security Code: 533162 Bandra (E), Mumbai - 400051 NSE Trading Sym
Slide 2: Investor Update – H1 / Q2-FY19
Hathway Cable and Datacom Limited Investor Update – H1 / Q2-FY19
Slide 3: Safe Harbour
Safe Harbour 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 contex
Slide 4: Company Overview
Company Overview • Hathway Cable & Datacom Limited (Hathway), is one of the largest Multi System Consolidated Revenue* (INR Mn) & Operator (MSO) & Cable Broadband service providers in India today. EBITDA Margin (%) 20,000 30.0% • The company’s vision is to be a single point access provider, bringing
Slide 5: Group Structure
Group Structure Broadband Business • Parent Company Hathway Cable & Datacom Limited CATV Business* • Hathway Digital Private Limited(HDPL) (100% Subsidiary) (HCDL) Strategic Investment • GTPL Hathway Limited# (37.32% Equity Holding) * CATV Business includes JVs/Associates/Subsidiaries * Demerger of
Slide 6: High Quality Infrastructure
High Quality Infrastructure Advanced technology and equipment provided by Leading Technology Vendors leading technology vendors STBs (SD & • Overground: 35,000 Kms HD) • Underground: 500 Kms Head-ends/ • Leased: 4,000 Kms Compression Optic Fibre Cable Network Modems • 6 Primary Headends and 4 Second
Slide 7: Growth Strategy
Growth Strategy Leverage Trendsetter in broadband and Differentiated broadband industry Cable Television Objective customer on speed, GBs, Price presence to give experience & Value For Money differentiated Build Value for all equation content, services and stakeholders in the applications Value chai
Slide 8: Hathway Cable and Datacom Ltd. (HCDL)
Hathway Cable and Datacom Ltd. (HCDL) Parent Company Broadband Business 7
Slide 9: HCDL – Q2-FY19 Standalone Key Highlights
HCDL – Q2-FY19 Standalone Key Highlights • 71k Net adds on Y-O-Y basis with New customer ARPU of INR 690/- (Excluding Taxes). • Broadband subscriber number stable at 770K. Churn remains high due to loss of low usage customers to mobility. Apart from the regular 2% monthly churn, another 30k customer
Slide 10: HCDL – Q2-FY19 Standalone Key Highlights
HCDL – Q2-FY19 Standalone Key Highlights • 25K Home Passes added during the quarter, Home passes stable at 5.5 Mn. BOY (Balance of the Year) no further home pass expansion and focus on monetization of existing home passes. • GPON FTTH Parallel network being deployed in High Potential High Penetrated
Slide 11: HCDL – Q2-FY19 KPI's
HCDL – Q2-FY19 KPI’s Homes Passes (In Mn) Subscriber base (In Mn) 0.77 0.77 5.5 5.5 0.70 4.8 Q2-FY18 Q1-FY19 Q2-FY19 Q2-FY18 Q1-FY19 Q2-FY19 Revenue (INR In Mn) ARPU* (INR) 1,311 1,298 1,306 717 690 672 Q2-FY18 Q1-FY19 Q2-FY19 Q2-FY18 Q1-FY19 Q2-FY19 * ARPU is excluding taxes. 10
Slide 12: HCDL Income Statement
HCDL Income Statement Q-o-Q Income statement (INR Mn) Q2-FY19 Q1-FY19 Q2-FY18 Y-o-Y Growth H1-FY19 Growth Subscription Broadband 1,306 1,298 1% 1,311 - 2,604 Total Income 1,306 1,298 1% 1,311 - 2,604 Operational Expenses 311 263 18% 329 (6)% 574 Employee Cost 113 119 (5)% 105 7% 232 Other Expenses 3
Slide 13: HCDL Balance Sheet
HCDL Balance Sheet Statement of Assets and Liabilities (INR Mn) Standalone As on Sep 2018 As on Mar 2018 1.Shareholder’s Funds a. Equity Share Capital 1,723 1,661 b. Other Equity 9,731 8,878 Sub Total – Shareholder’s funds 11,454 10,539 2. Non-current liabilities a. Borrowings 8,044 4,832 b. Other F
Slide 14: Hathway Digital Pvt. Ltd. (HDPL)
Hathway Digital Pvt. Ltd. (HDPL) Wholly owned Subsidiary of HCDL CATV Business 13
Slide 15: HDPL – Q2-FY19 Standalone Key Highlights
HDPL – Q2-FY19 Standalone Key Highlights • Standalone Subscription Revenue continues to grow by 18% to INR 1,658 Mn in Q2-FY19 from INR 1,401 Mn in Q2-FY18. • Standalone Operating EBITDA increased by 13% Y-O-Y basis to INR 371 Mn in Q2-FY19 from INR 328 Mn in Q2-FY18. • Collections have grown by 18%
Slide 16: HDPL – Q2-FY19 Consolidated KPI's
HDPL – Q2-FY19 Consolidated KPI’s Phase wise Boxes Seeded* (In Mn) ARPU* (INR) 3 105 98 108 102 110 105 2.5 2.3 2.4 2.4 2.3 2.3 2.3 80 75 2 1.6 1.6 1.6 58 58 62 1.5 41 1 0.9 0.9 0.9 0.5 0 Q2-FY18 Q1-FY19 Q2-FY19 Q2-FY18 Q1-FY19 Q2-FY19 Phase I Phase II Phase III Phase IV Phase I Phase II Phase III P
Slide 17: Hathway Ultra Smart Hub – India's First Hybrid TV
Hathway Ultra Smart Hub – India’s First Hybrid TV India’s First Hybrid Cable Google Play Youtube Netflix Android TV STB Bluetooth Voice Remote with Google Voice Chromecast HD Plus Video dedicated OTT Assistant buttons Pre- downloaded PVR USB Content Video Call Popular Indian Recording/play Play Supp
Slide 18: Hathway Offers the largest HD Bouquet
Hathway Offers the largest HD Bouquet Number Of Channels 96 89 60 64 60 54 55 49 28 MSO 4 MSO 3 MSO 2 MSO 1 DTH 1 DTH 3 DTH 2 DTH 4 Distribution Platforms Source : Respective MSO & DTH Websites 17
Slide 19: HDPL Income Statement
HDPL Income Statement Income statement (INR Mn) Q2-FY19 Q1-FY19 Q-o-Q Growth Q2-FY18 Y-o-Y Growth H1-FY19 Subscription CATV 1,658 1,576 5% 1,401 18% 3,234 Placement 761 752 1% 740 3% 1,513 Activation 166 176 (6)% 258 (36)% 342 Other operating income 39 43 (9)% 50 (22)% 82 Total Income 2,624 2,547 3%
Slide 20: Historical Financials
Historical Financials 19
Slide 21: FY18 Financial Highlights
FY18 Financial Highlights Income statement (INR Mn) FY18 FY17 FY16 Consolidated CATV Subscription 5,733 4,728 3,804 Broadband Revenue 5,445 4,955 3,234 Placement 2,977 2,725 3,220 Activation 964 825 834 Other Operating income 227 211 276 Other Non operational income 98 238 182 Total income 15,444 13
Slide 22: FY18 Financial Highlights
FY18 Financial Highlights Statement of Assets and Liabilities (INR Mn) Consolidated FY18 FY17 FY16 A. Equity and Liabilities 1.Shareholder’s Funds a. Share Capital 1,661 1,661 1,661 b. Reserves and Surplus 6,263 7,267 9,227 Sub Total – Shareholder’s funds 7,924 8,928 10,888 2. Minority Interest (39)
Slide 23: Capital Market Information
Capital Market Information Share Price Performance 60.0% Hathway BSE Sensex 40.0% 20.0% 0.0% -20.0% -40.0% -60.0% Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Price Data (30th September, 2018) INR Shareholding Pattern (30th September, 2018) Face Value 2.0 Marke
Slide 24: Earnings Concall Details
Earnings Concall Details hathw@y AMBIT hathw®y 2QFY19 Earnings Conference Call Hathway Cable and Datacom Limited November 15, 2018 at 4:00 pm (IST) Ambit Capital is pleased to invite you to the 2QFY19 Results Conference Call of Hathway Cable and Datacom Limited. Represented by Rajan Gupta - MD Siten
Slide 25: Disclaimer
Disclaimer Hathway Cable and Datacom Ltd Disclaimer: 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 tha
Slide 26: Thank You
Thank You 25
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