Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q3 FY21 Earnings Presentation
37 slides from Gtpl Hathway's earnings presentation, Jan 13, 2021
Slide 1: Exchange filing cover letter for investor presentation
GTPL Hathway Limited CIN : L64204GJ2006PLC048908 Registered Office : 202, 2nd Floor, Sahajanand Shopping Centre, Opp. Swaminarayan Temple, Shahibaug, Ahmedabad-380004, Gujarat. Phone: 079-25626470 Fax : 079-61400007 Ref. No.: GTPL/SE/2021 January 13, 2021 BSE Limited National Stock Exchange of India
Slide 2: Q3 & 9M FY21 Results Update
Q3 & 9M FY21 GTPL Hathway Limited RESULTS UPDATE JANUARY 2021
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 18 2 Key KPIs 19 - 21 3 Consolidated Financials 22 - 28 4 Standalone Financials 29 - 33
Slide 4: Company Overview & Strategy
Company Overview & Strategy
Slide 5: Leader across Key Cable Markets in India
Leader across Key Cable Markets in India Commenced Commenced Business Business from from Gujarat Gujarat (Ahmedabad in 2006 with city) in 2006 CATVwith services. CATV services. Grew to National MSO with footprints in 800+ towns across 13 States in India in 14 Years, providing both Cable TV & Broadba
Slide 6: Key Highlights
Key Highlights Consistent Subscriber Base Growth Performance • CATV Subscriber base •Revenue Grown at CAGR of •PAT Positive for Consecutive 4 reached ~1.8x in last 4 years. 22% in last 4 years years, since FY16 • Broadband Subscriber base •EBITDA Grown at CAGR of •Rating Upgraded to “IND reached ~2.
Slide 7: Financial Performance: Consolidated
Financial Performance : Consolidated* • Total Revenue (Incl. EPC) increased by 12% Q-o-Q; Key Financial Highlights (in ₹ Mn) 9% Q-o-Q (Ex. EPC) • Subscription Revenue increased by 5% 9M-o-9M 9M FY20 FY20 9M FY21 • ISP Revenue increased by 63% 9M-o-9M; 84% Y-o-Y & 16% Q-o-Q Incl. Excl. Incl. Excl. In
Slide 8: CATV Business Performance
CATV Business Performance Key Highlights • Increased Active & Paying subscribers by 50K each on Q-o-Q basis. • Seeded 200K STBs in Q3 FY21 10.61 Mn 7.90 Mn 7.35 Mn Seeded Active1 Paying STBs Subscribers Subscribers • ~80% collections through Digital Mode, there by increased collection efficiency • E
Slide 9: Broadband Performance
Broadband Performance • Increase of 185K Subscribers in 9M FY21; Key Highlights 55K Subscribers in Q3 FY21 Active Subscribers at 590K as of Q3 FY21 • 5.5% increase in ARPU during 9M FY21. 590K 3.80 Mn 185K Active Subscribers Home-Pass #185K addition in #470K addition in FTTX Subscribers • 3.80 Mn Ho
Slide 10: Platform Services Owned & Operated by GTPL
Platform Services Owned & Operated by GTPL Offering 47 channels across 7 genres! 9
Slide 11: Platform Services Owned & Operated by GTPL
Platform Services Owned & Operated by GTPL Offering 47 channels across 7 genres! Information 10
Slide 12: Key Inherent Strength of GTPL Hathway
Key Inherent Strength of GTPL Hathway Leadership Position in Located in Consumption High Quality Technology Trusted Partner Operating Markets Market and Infrastructure • State-of-the-Art Next • #2 MSO in India, • Versatile Presence • 28,000+ LCOs as Generation Video #1 in Gujarat, in Regional Market
Slide 13: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Technology Partners Headend: • 2 Main Headend & 4 support Headend for disaster Headend management. • Mother Headend & Network Operating Centre (NOC) in Gujarat, capable to cater across
Slide 14: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Anirudhsinhji 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 Anil Bothra CA,CS and CMA with 25 years o
Slide 15: Industry at a Glance
Industry at a Glance Households % Pay Broadcasters Particulars (in Mn) Penetration (20+) Households in INDIA 310 Broadcasters Free To Air Cable & Satellite Households 171 55% (200+) Pay TV - Cable, DTH + HITS 133 43% Free TV 38 12% Transmission of Multi System Wireline Broadband Households 19 6% Sig
Slide 16: Industry at a Glance
Industry at a Glance 1 TV Industry Revenues in ₹ Bn 2 TV Households in Mn Advertisement Subscription Free TV Pay TV 714 197 652 183 176 171 596 552 480 463 428 161 393 152 368 150 133 330 224 251 184 203 150 31 36 38 26 # FY15 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Source : # NTO reset the pay TV u
Slide 17: Growth Opportunities: Wireline Broadband
Growth Opportunities : Wireline Broadband Wireline Broadband % Penetration of Total HHs# Around the Globe JAPAN - 80% EUROZONE - 70% CHINA - 55% • Gigantic Growth Gear for Wireline broadband with meagre 6% Homes on ~310 Millions Homes in India. • Propel of High-Speed Unlimited data packages increase
Slide 18: Growth Opportunities
Growth Opportunities • Provide CATV services along with Broadband & OTT services as a bundle by • Expand GTPL Footprints in Existing Expansion Markets. Hybrid tying up with different service providers with attractive rates to convert current customers & add new customer. • Venture into New Markets t
Slide 19: Business Agnostic to Lockdown
Business Agnostic to Lockdown • National & State Lockdown • E-Learning & Work-from-Home COVID- • Economic Slowdown • Rise in Content consumption • Digital Payments & 19 • Impact across Industries Consumption • Combined offering of Entertainment, Data & CATV Commerce New • Historic TV Viewership – Gr
Slide 20: Key KPIs
| Key KPls
Slide 21: Key KPIs: CATV Business: Quarterly: Consolidated
KEY KPIs : CATV Business : Quarterly : Consolidated* STBs Seeded (Mn) Active Subscribers (Mn) 1 Paying Subscribers (Mn) 10.61 8.00 7.85 7.90 7.80 7.75 7.35 7.50 7.35 7.20 7.30 10.41 10.20 10.21 10.05 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 F
Slide 22: Key KPIs: Broadband Business: Quarterly
KEY KPIs : Broadband Business : Quarterly* Home-pass (Mn) Active Subscribers (‘000) ARPU (₹) (Net of Taxes) 3.80 590 3.72 445 535 430 422 422 415 3.51 455 3.33 405 375 3.16 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 # 470K
Slide 23: Consolidated Financials
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Slide 24: Financial Highlights: Consolidated
Financial Highlights : Consolidated * (Ex EPC) Total Revenue up by 17% 9M-o-9M; 21% Y-o-Y & 9% Q-o-Q 1 Revenue Subscription Revenue up by 5% 9M-o-9M & Y-o-Y ISP Revenue up by 63% 9M-o-9M; 84% Y-o-Y & 16% Q-o-Q 2 Expenses Finance cost down by 42% 9M-o-9M; 51% Y-o-Y & 11% Q-o-Q EBITDA of ₹ 4,014 Mn in
Slide 25: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 1,421 5,530 Quarterly 1,334 5,064 1,188 4,576 + 9% + 7% + 21% + 20% Q3 FY20 Q2 FY21 Q3 FY21 Q3 FY20 Q2 FY21 Q3 FY21 15,311 9 Months’ 4,014 13,081 3,444 + 17% + 17% 9M FY20 9M FY21 9M FY20 9M FY21 24 * FY = A
Slide 26: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* Subscription Revenue (In ₹ Mn) ISP Revenue (In ₹ Mn) 778 2,581 2,677 2,718 Quarterly 670 + 2% 422 + 16% + 5% + 84% Q3 FY20 Q2 FY21 Q3 FY21 Q3 FY20 Q2 FY21 Q3 FY21 7,661 8,047 9 Months’ 1,975 1,213 + 5% + 63% 9M FY20 9M FY21 9M FY20 9M FY21 25 * FY = Apr-Mar
Slide 27: Profit & Loss Statement: Consolidated: Q-o-Q
Profit & Loss Statement : Consolidated* : Q-o-Q In ₹ Mn Q3 FY21 Q2 FY21 Q3 FY20 FY20 Q3 FY21 Q3 FY21 Q2 FY21 Q2 FY21 Q-o-Q% Q3 FY20 Q3 FY20 Y-o-Y% FY20 FY20 Particulars EPC EPC EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Contract Contract Rev
Slide 28: Profit & Loss Statement: Consolidated: 9M-o-9M
Profit & Loss Statement : Consolidated* : 9M-o-9M In ₹ Mn 9M 9M 9M 9M 9M FY20 9M FY20 9M-o-9M% FY20 FY20 Particulars FY21 FY21 FY21 FY20 FY20 EPC Ex. EPC (Ex. EPC) Ex. EPC Total Ex. EPC EPC Total EPC Total Contract Revenue Subscription CATV 8,047 - 8,047 7,661 - 7,661 5% 10,308 - 10,308 Revenue from
Slide 29: Financial Performance: Consolidated (Gross and Net Debt)
Financial Performance : Consolidated* Gross Debt (In ₹ Mn) Net Debt (In ₹ Mn) 5,499 4,437 3,452 3,279 2,064 1,958 2,158 1,595 1,279 392 FY17 FY18 FY19 FY20 Dec-20 FY17 FY18 FY19 FY20 Dec-20 28 * FY = Apr-Mar
Slide 30: Standalone Financials
Standalone Financials
Slide 31: Financial Highlights: Standalone
Financial Highlights : Standalone * (Ex EPC) Total Revenue up by 14% 9M-o-9M; 9% Y-o-Y & 6% Q-o-Q 1 Revenue Subscription Revenue up by 6% 9M-o-9M 2 Expenses Finance cost down by 42% 9M-o-9M; 50% Y-o-Y & 9% Q-o-Q EBITDA of ₹ 2,351 Mn in 9M FY21; ₹ 763 Mn in Q3 FY21 3 EBITDA Up by ₹ 44 Mn (2%) 9M-o-9M
Slide 32: Financial Performance Trend: Standalone
Financial Performance Trend: Standalone* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 3,197 3,304 3,495 Quarterly 797 788 763 + 6% - 4% + 9% - 3% Q3 FY20 Q2 FY21 Q3 FY21 Q3 FY20 Q2 FY21 Q3 FY21 9,984 9 Months’ 2,307 2,351 8,754 + 14% + 2% 9M FY20 9M FY21 9M FY20 9M FY21 31 * FY = Apr-Mar, Q2 =
Slide 33: Profit & Loss Statement: Standalone: Q-o-Q
Profit & Loss Statement : Standalone* : Q-o-Q In ₹ Mn Note : Exceptional items provided in books amounting ₹ 791 Mn during Q4 FY20 due to change in pricing mechanism between industry stakeholders in the value chain post implementation of New Tariff Order. 32 * FY = Apr-Mar, Q2 = Jul-Sep, Q3 = Oct-De
Slide 34: Profit & Loss Statement: Standalone: 9M-o-9M
Profit & Loss Statement : Standalone* : 9M-o-9M In ₹ Mn Note : Exceptional items provided in books amounting ₹ 791 Mn during Q4 FY20 due to change in pricing mechanism between industry stakeholders in the value chain post implementation of New Tariff Order. 33 * FY = Apr-Mar, Q2 = Jul-Sep, Q3 = Oct-
Slide 35: Investor Conference Call Details
Investor Conference Call Details 34
Slide 36: 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 37: Thank You
Mr. Piyush Pankaj Business Head - CATV & Chief Strategy Officer Email: piyush.pankaj@gtpl.net IR Consultants Mr. Mehul Mehta Contact: +91 98202 80325 Mr. Hiral Keniya Contact: +91 90296 62801 Email: gtplhathway@dickensonworld.com THANK YOU