Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q1 FY2018 Earnings Presentation
31 slides from Gtpl Hathway's earnings presentation, Aug 8, 2017
Slide 1: Cover letter to stock exchanges
GTPL Hathway Limited @ (Former Name: GTPL Hathway Private Limited) GTpP L CIN: U64204GJ2006PLC048908 me Registered Office : C-202, 2nd Floor, Sahajanand Shopping Centre, DPA) MS! Opp. Swaminarayan Temple, Shahibaug, Ahmedabad - 380 004. Phone : 079-30280340/41, 256264707 Fax : 079-30280335, 25626477
Slide 2: Investor Update on Financial Results Q1 FY 2018 & Annual FY 2017
GTPL Hathway Limited Investor Update on Financial Results Q1 FY 2018 & Annual FY 2017 1
Slide 3: Table of Contents
TABLE OF CONTENTS 1 Company Overview and Strategy 3- 7 2 Key KPIs 9-10 3 Q1 FY2018 Financial Results Update (IND AS) 12-15 A Standalone - FY17 & Q1 FY18 Financial 16-17 B GTPL Broadband Pvt Ltd Results – FY17 & Q1 FY18 Financial 18-19 C GTPL Kolkata Cable & Broadband Pariseva Ltd - FY17 & Q1 FY18 Fi
Slide 4: Gujarat, Kolkata & Howrah key highlights
• Strong market share in key regional markets that are primarily Hindi speaking areas KEY HIGHLIGHTS (as of 30th-June-17) Ahmedabad ü #1 MSO in Gujarat (1),(2) Mehsana Present in 189+ towns across 10 states GUJARAT Himmatnagar Gandhidham Gandhinagar Godhra ü 67% market share(1),(2) Jamnagar Total Se
Slide 5: Network: optic fibre, digital headends, GPON technology
Advanced technology and equipment provided by leading technology vendors OPTIC FIBRE CABLE DIGITAL HEADENDS GPON TECHNOLOGY NETWORK ü Overground:5,406 KMs ü Main: 2 headends ü Seamless connectivity ü Underground: 600 KMs ü Support: 4 headends ü Higher broadband speed ü Leased: 3,480 KMs ü VoD, OTT c
Slide 6: Digital headend and GPON upgrade
DIGITAL HEADEND • Deployed next-generation video headend system Harmonic Inc., USA • Enable to offer up to 650 cable television (CATV) channels and 50 OTT channels, • Support advanced features like graphic overlay and scroll insertion, Upgradation of Network to • The upgradation of network to GPON h
Slide 7: Broadband and cable TV strategy
BROADBAND CABLE TV Focus on high quality digital Deploy GPON technology offerings Offer cost-effective and high Grow subscriber base in speed plans existing markets Increase the reach of homes Continue LCO partnerships passed Enter new cities / markets Enter new cities and markets with low competiti
Slide 8: CATV, broadband and infrastructure priorities
Ø Two third of Subbase in Phase 3 and Phase 4 CATV Ø Monetization of Phase 3 and Phase 4 kicked off. Ø Increased HD offering from 37 to 64 Channels. To convert potential subscriber to HD Packages at incremental ARPU BROADBAND Ø In Gujarat Cable reaching to 4 mn HHs, West Bengal reaching to 1.53 mn-
Slide 9: Key KPIs
GTPL Hathway Limited 2 ) KEY KPIs 8
Slide 10: STBs seeded, active STBs, phase-wise ARPU
STB’S SEEDED (MN)* ACTIVE STBS (MN)* 7.76 6.69 6.90 5.98 6.45 6.19 5.63 5.41 5.68 4.98 Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 PHASE WISE SEEDED BOX (MN)– Q1 FY 18 PHASE WISE ARPU (INR) (NET OF TAXES) – AS ON JUNE 2017 2.53 100 2.23 2.28 95 54 0.72 41 PHASE-I
Slide 11: Home pass, subscribers and broadband ARPU
HOME PASS (MN) SUBSCRIBER (MN) ARPU (INR) (NET OF TAXES) 486 0.25 480 1.11 1.08 0.24 1.02 472 0.22 0.96 465 0.21 0.90 455 0.19 Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 10 * As on end of period 6
Slide 12: Financial Results Q1 FY2018
GTPL Hathway Limited 3) Financial Results Q1 FY2018 11
Slide 13: Entities included in the financials
Presentation Includes following financials: 1) GTPL Hathway Limited – Listed Company (Standalone) 2) GTPL Broadband Private Limited – 100% Subsidiary of GTPL Hathway Limited (Broadband) - provides Broadband Services 3) GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL) – Subsidiary – 51% owned
Slide 14: Q1 FY18 operational highlights
Ø Seeded 0.86 mn boxes during Q1. Ø Increased 0.71 mn Digital Active Subs. Ø Implemented New Digital Headend to increase the number of channels offering up to 650. Ø HD Channels offering increases from 37 to 64. Ø Cost Reduction - Gross Secured debt reduced from INR 4965 mn to INR 4752 mn - reduced
Slide 15: GTPL Sathi and MYGTPL apps
GTPL SATHI : An APP for Local Cable Operators to manage MYGTPL: An APP for Customers to manage their CATV and their Subscriber base by Activation, Deactivation, Package Broadband Accounts, Complaint management and for modification, Checking Invoice etc. and rectification seeking other information. 1
Slide 16: Q1 FY18 summary by entity
Particulars (INR MN) GTPL Hathway Standalone Broadband KCBPL Revenue 1782 318 325 EBITDA 570 84 63 PAT 148 37 (13) As on March 2017 As on June 2017 Gross Secured Debt (INR MN) 4965 4752 15
Slide 17: Standalone Q1 and FY17 commentary
Q1 FY 18 Ø Y-O-Y Ø Subscription CATV Revenue growth of 19%. Ø Total Revenue growth of 25%. Ø EBITDA Growth of 29% Ø PAT Growth of 86% Ø Q-O-Q Ø Subscription CATV Revenue growth of 7%. Ø Total Revenue declined by 5% due to high Other Income in Q4 FY 17. Ø EBITDA stands at INR 570 mn: margin at 32% Ø
Slide 18: Standalone financial results
Q-O-Q Y-O-Y Y-O-Y Particulars (INR mn) Q1 FY 18 Q4 FY 17 Growth Q1 FY 17 Growth FY'17 FY'16 Growth Revenue Subscription CATV 903 842 7% 757 19% 3,180 2,133 49% Placement 578 567 2% 493 17% 2,114 2,219 -5% Activation 176 171 3% 131 34% 595 324 84% Other Income 125 304 -59% 42 198% 492 262 88% Total I
Slide 19: GTPL Broadband Q1 commentary
Q1 FY 18 Ø Y-O-Y Ø Revenue growth of 25%. Ø EBITDA growth of 65%. Ø PAT growth of 95%. Ø Q-O-Q Ø Revenue growth of 4%. Ø EBITDA growth of 9%, margin of 26% Ø PAT growth of 10%. 18 18
Slide 20: GTPL Broadband financial results
Q-O-Q Y-O-Y Particulars (INR mn) Q1 FY 18 Q4 FY 17 Growth Q1 FY 17 Growth FY'17 Revenue Broadband-ISP Revenue 318 305 4% 254 25% 1,200 Other Income 0 2 -94% 0.2 -51% 2 Total Income 318 306 4% 254 25% 1,203 Expenditure Bandwidth Expense 55 57 -3% 48 16% 206 Employee Cost 100 89 13% 64 57% 331 Other O
Slide 21: KCBPL Q1 commentary
Q1 FY 18 Ø Y-O-Y Ø Subscription CATV Revenue growth of 15%. Ø Total Revenue growth of 12%. Ø Q-O-Q Ø Subscription CATV Revenue growth of 4%. Ø Total Revenue growth of 5% Ø EBITDA growth of 7%, margin of 19% 20 20
Slide 22: KCBPL financial results
Q-O-Q Y-O-Y Particulars (INR mn) Q1 FY 18 Q4 FY 17 Growth Q1 FY 17 Growth FY'17 Revenue Subscription CATV 201 193 4% 175 15% 719 Placement 79 79 0% 79 1% 302 Activation 27 17 65% 10 163% 54 Other Income 18 21 -17% 26 -32% 76.9 Total Income 325 310 5% 290 12% 1,152 Expenditure Pay Channel Cost 179 16
Slide 23: Annual Financial Results FY 2017
GTPL Hathway Limited 4) Annual Financial Results FY 2017 22
Slide 24: FY17 consolidated financial highlights
Y-O-Y Revenue up by 27% ; INR 9417 mn 1 FINANCIALS Y-O-Y EBIDTA up by 51% ; INR 2404 mn Y-O-Y PAT up by 431% ; INR 400 mn Y-O-Y CATV Subscription Revenue up by 33% ; INR 4494 mn Seeded 1.48 mn STBs during the Year 2 CATV Continue to be No 1 MSO in Gujarat and No 2 in Kolkata & Howrah Y-O-Y Broadband
Slide 25: FY17 performance
PERFORMANCE Ø Broadband revenue contribution up by 400 basis points to 14%; INR 1288 mn from INR 730 mn previous year. Ø EBITDA margin at 26% up by 500 basis points from 21% in FY 16. Ø Earnings Per Share up by 5.5 times to INR 4.10 from INR 0.75 previous year. Ø Packaging implemented for Phase 3 an
Slide 26: FY17 consolidated income statement
Particulars (INR MN) FY'17 FY'16 Y-O-Y Growth Revenue Subscription CATV 4,494 3,378 33% Broadband-ISP 1,288 730 77% Placement 2,375 2,668 -11% Activation 751 409 84% Other Income 509 258 97% Total Income 9,417 7,443 27% Expenditure Pay Channel Cost 3,821 3,277 17% Bandwidth Expense 422 237 78% Emplo
Slide 27: Consolidated assets and liabilities
As on 31st As on 31st As on 31st As on 31st ASSETS (INR mn) LIABILITIES (INR mn) March 2017 March 2016 March 2017 March 2016 Non-Current Assets Equity Fixed Assets 11,135 9,648 Equity Share Capital 983 983 Financial Assets Other Equity 2,889 2,395 Investments 175 180 Total Equity 3,872 3,378 Other F
Slide 28: Revenue, expense and EBITDA trends
Revenue from Operations Total Expense EBITDA INR MN INR MN INR MN 9,417 7013 2404 5847 7,443 6,272 4766 1596 4219 1506 5,288 1069 FY'14 FY'15 FY'16 FY'17 FY'14 FY'15 FY'16 FY'17 FY'14 FY'15 FY'16 FY'17 27
Slide 29: Net worth, debt, cash and leverage metrics
Net Worth Secured Debt INR MN INR MN 3872 4965 3378 4312 2674 2847 FY'15 FY'16 FY'17 FY'15 FY'16 FY'17 Total Cash Key Leverage Metrics INR MN 1,062 2.16 858 1.62 1.48 611 1.02 1.01 0.84 FY'15 FY'16 FY'17 FY'15 FY'16 FY'17 Net Secured Debt/Ebidta Net Secured Debt/Networth 28
Slide 30: 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 that all information relating to the context has been ta
Slide 31: Thank You
Digital Cable TV | Broadband (3 GTPL Thank You