Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q3 FY20 Earnings Presentation
29 slides from Gtpl Hathway's earnings presentation, Jan 9, 2020
Slide 1: GTPL Hathway Limited stock exchange cover letter
GTPL Hathway Limited CIN : L64204GJ20'06PLC048908 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/2020 January 9, 2020 BSE Limited National Stock Exchange of India
Slide 2: Q3 & 9M FY20 Results Update
Q3 & 9M FY20 GTPL Hathway Limited RESULTS UPDATE JANUARY 2020
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 12 2 Key KPIs 13 - 15 3 Consolidated Financials 16 - 21 4 Standalone Financials 22 - 25
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 750+ towns across 12 States in India in 13 Years, providing both CATV & Broadband S
Slide 6: Financial Performance: Consolidated
Financial Performance : Consolidated (Ex. EPC) • Total Revenue increased by 37% 9M-o-9M; Key Financial Highlights (in ₹ Mn) Subscription Revenue increased by 46% 9M-o-9M; 9M FY20 9M FY19 FY19 FY18 • ISP Revenue increased by 13% 9M-o-9M • EBITDA of ₹ 3,447 Mn in 9M FY20; 34% increase 9M-o-9M. REVENUE
Slide 7: CATV Business Performance
CATV Business Performance Key Highlights • Increase of 150K Connected Homes during Q3 FY20 • Increase of 100K Paying Subscribers during Q3 FY20 10.05 Mn 7.80 Mn 7.35 Mn • Phase I, II, III & IV contributes 11%, 20%, 33% & 36% Connected Active1 Paying Homes Subscribers Subscribers respectively of tota
Slide 8: Broadband Performance
Broadband Performance Key Highlights • Active subscribers reached 375K ; increase of 20K in Q3 FY20 • 3.16 Mn Home Pass ; 50% Home Pass available for 375K 3.16 Mn 85K FTTX conversion Active Subscriber Home Pass #20K addition in #240K addition in FTTX Subscribers Q3FY20 Q3FY20 • Data Consumption per
Slide 9: 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 • 95% CATV • #1 MSO in Gujarat, • 27,000+ LCOs as • State-of-the-Art Next Subscribers in Hindi Business Partners #2 in WB Speaking M
Slide 10: 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 11: 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 24 years o
Slide 12: Growth Opportunities
Growth Opportunities ➢ Successful implementation of New Tariff ➢ GigaHD Through Hybrid Box– Industry Order (NTO) across India has opened up First, Dual Service Product : Broadband avenues for expansion in existing Services along with Cable services, as markets & lifted entry barriers in a single pac
Slide 13: Salient Features of Amendment in Tariff Order
Salient Features of Amendment in Tariff Order Twin Conditions: Cap & Pricing of Channels: MRP of channels in bouquet <= 1.5x of Bouquet • Cap of ₹ 12 for Pay Channel to be part of Price Broadcaster Bouquet from current ₹ 19. Channel MRP <= 3x of Average channel price* • A-la-Carte channel Rates are
Slide 14: Key KPIs
| Key KPls
Slide 15: KEY KPIs: CATV Business: Quarterly: Consolidated
KEY KPIs : CATV Business : Quarterly : Consolidated* Connected Homes (Mn) Active Subscribers (Mn) Paying Subscribers (Mn) NTO & Auto-dunning Effect in Q4 FY19 10.05 8.00 7.90 1 9.90 7.65 7.75 7.80 7.45 7.35 7.10 7.25 9.70 6.80 9.50 9.50 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q3 FY19 Q4 FY19 Q1 FY20
Slide 16: KEY KPIs: Broadband Business: Quarterly
KEY KPIs : Broadband Business : Quarterly Home Pass (Mn) Active Subscriber (‘000) ARPU (₹) (Net of Taxes) 375 3.16 2.92 430 2.66 420 415 415 355 413 2.42 2.15 340 325 315 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 # 240K Ne
Slide 17: Consolidated Financials
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Slide 18: Financial Highlights: Consolidated
Financial Highlights : Consolidated * (Ex EPC) Total Revenue up by 37% 9M-o-9M; 41% Y-o-Y 1 Revenue Subscription Revenue up by 46% 9M-o-9M; 44% Y-o-Y ISP Revenue up by 13% 9M-o-9M; 17% Y-o-Y; 6% Q-o-Q Admin cost down by 13% Q-o-Q 2 Expenses Finance cost down by 23% 9M-o-9M EBITDA of ₹ 3,447 Mn in 9M
Slide 19: Financial Performance: Consolidated (Ex EPC)
Financial Performance : Consolidated * (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 4,470 4,499 Quarterly 1,188 1,156 3,199 833 + 1% + 3% + 41% + 43% Q3 FY19 Q2 FY20 Q3 FY20 Q3 FY19 Q2 FY20 Q3 FY20 12,879 9 Months 3,447 2,579 9,404 + 37% + 34% 9M FY19 9M FY20 9M FY19 9M FY20 18 * FY = Apr-Mar,
Slide 20: Financial Performance: Consolidated (Ex EPC)
Financial Performance : Consolidated * (Ex EPC) Subscription Revenue (In ₹ Mn) ISP Revenue (In ₹ Mn) 2,608 2,581 Quarterly 422 398 362 1,798 - 1% + 6% + 44% + 17% Q3 FY19 Q2 FY20 Q3 FY20 Q3 FY19 Q2 FY20 Q3 FY20 7,661 9 Months 1,213 1,078 5,249 + 46% + 13% 9M FY19 9M FY20 9M FY19 9M FY20 19 * FY = Ap
Slide 21: EBITDA Bridge: Consolidated
EBITDA Bridge : Consolidated * (Ex EPC) In ₹ Mn 20 * FY = Apr-Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3= Oct-Dec, 9M= Apr-Dec Note : Financial figures are excluding EPC contract
Slide 22: Profit & Loss Statement: Consolidated
Profit & Loss Statement : Consolidated * In ₹ Mn Q3 FY20 Q3 FY20 Q2 FY20 Q2 FY20 9M FY20 9M FY20 9M-o- Q3 FY20 Q2 FY20 Q-o-Q% Y-o-Y% 9M FY20 Particulars Ex. EPC EPC Ex. EPC EPC Q3 FY19 Ex. EPC EPC 9M FY19 9M% FY19 Total Total (Ex. EPC) (Ex. EPC) Total Contract Contract Contract Contract Contract Con
Slide 23: Standalone Financials
Standalone Financials
Slide 24: Financial Highlights: Standalone
Financial Highlights : Standalone * (Ex EPC) Total Revenue up by 43% 9M-o-9M; 54% Y-o-Y & 6% Q-o-Q 1 Revenue Subscription Revenue up by 50% 9M-o-9M & 52% Y-o-Y Finance cost down by 26% 9M-o-9M 2 Expenses Other Operating Expense down by 40% 9M-o-9M; 43% Y-o-Y EBITDA of ₹ 2,307 Mn for 9M FY20; ₹ 788 M
Slide 25: Financial Performance: Standalone
Financial Performance : Standalone * (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 3,019 3,197 Quarterly 774 788 2,080 538 + 6% + 2% + 54% + 47% Q3 FY19 Q2 FY20 Q3 FY20 Q3 FY19 Q2 FY20 Q3 FY20 8,754 9 Months 2,307 6,123 1,682 + 43% + 37% 9M FY19 9M FY20 9M FY19 9M FY20 24 * FY = Apr-Mar, Q1 =Apr
Slide 26: Profit & Loss Statements: Standalone
Profit & Loss Statements : Standalone * In ₹ Mn Q3 FY20 Q3 FY20 Q2 FY20 Q2 FY20 9M FY20 9M FY20 9M-o- Q3 FY20 Q2 FY20 Q-o-Q% Y-o-Y % 9M FY20 Particulars Ex. EPC EPC Ex. EPC EPC Q3 FY19 Ex. EPC EPC 9M FY19 9M% FY19 Total Total (Ex. EPC) (Ex. EPC) Total Contract Contract Contract Contract Contract Con
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: Investor Conference Call Details
Investor Conference Call Details 27
Slide 29: Thank You
Mr. Piyush Pankaj Head - CATV Business & Chief Strategy Officer Email: piyush.pankaj@gtpl.net Ms. Hiral Keniya IR Consultant Contact: +91 90296 62801 Email: hiral.keniya@dickensonworld.com THANK YOU