Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q1 FY22 Earnings Presentation
35 slides from Gtpl Hathway's earnings presentation, Jul 19, 2021
Slide 1: Cover letter to stock exchanges
Ref. No.: GTPL/SE/2021 July 19, 2021 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: FY22 Q1 Results Update
FY22 Q1 GTPL Hathway Limited RESULTS UPDATE July 2021
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 18 2 Key KPIs 19 - 21 3 Consolidated Financials 22 - 27 4 Standalone Financials 28 - 31
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 Business in 2006 01 Footprint in 1,000+ towns across 15 States Rajasthan 02 reaching 10+ Mn Households Tripura Gujarat West Bengal #No.2* MSO in India 03 #No.1 MSO in Gujarat | #No.2 in WB Maharashtra Telangana #No. 6* Private Wireline Broadband Pla
Slide 6: Key Highlights
Key Highlights Consistent Subscriber Base Growth Performance • ~2x growth in last 5 years • ~24% CAGR growth in • PAT Positive for last for CATV Revenue in last 5 years Consecutive 5 years • ~3.6x growth in last 5 years • ~28% CAGR growth in • “IND A+/Stable” Rating for Broadband EBITDA in last 5 ye
Slide 7: Financial Performance: Consolidated
Financial Performance : Consolidated* Key Financial Highlights (in ₹ Mn) Q1 FY22 FY21 FY20 Incl. Excl. Incl. Excl. Incl. Excl. EPC. EPC. EPC. EPC. EPC. EPC. REVENUE 6,106 5,843 25,300 21,484 24,247 17,725 EBITDA 1,380 1,362 5,724 5,455 5,022 4,561 PAT 475 1,885 770# # Exceptional Items (Provision fo
Slide 8: Business Performance
Business Performance 690K 4.10 Mn 8.00 Mn 7.30 Mn Active Home- Active1 Paying Subscribers Pass Subscribers Subscribers #55K increase Q-o-Q #230K increase Q-o-Q Broadband CATV 80% 48 250K ₹ 440/- Collection through GTPL Owned & FTTX Digital Mode Operated Channels Subscribers ARPU Expanding aggressive
Slide 9: Brand Ambassador and Campaign Launch
Brand Ambassador and Campaign Launch First ever Brand Ambassador Mr. Boman Irani Theme Song “Connection Dil Se” by Sachin-Jigar 4 TVCs launched; Campaign across Satellite Channels, Multi-Media and Social Networks 8
Slide 10: GTPL in India's Top Companies
GTPL in India’s Top 500 Companies ✓ Recognized as one of “India’s Top 500 Companies” by Dun & Bradstreet in the listing published for 2021. Criteria Rank Income #401 Net Profit #424 Net Worth #442 9
Slide 11: Launch of GIVA: Industry first chatbot
Launch of GIVA : Industry first chatbot GTPL Interactive 24x7 WhatsApp CATV & Virtual Assistant Broadband (GIVA) Support based chatbot businesses 10
Slide 12: Platform Services Owned & Operated by GTPL
Platform Services Owned & Operated by GTPL 48 Channels across 6+ Genres Movies 20 General Entertainment 07 Music 05 Kids 03 Religious/ Devotional 04 Others 09 11
Slide 13: 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 • #2 MSO in India, • State-of-the-Art Next • Versatile Presence • 28,500+ LCOs as Generation Video #1 in Gujarat, Business Partners
Slide 14: 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. Headend • Mother Headend & Network Operating Centre (NOC) in Ahmedabad (Gujarat), capable to cater across India. STBs & • 2nd Main Headen
Slide 15: 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 26 years o
Slide 16: Industry at a Glance
Industry at a Glance Cable & Broadband Cable Broadcasters DPOs Local Cable Operators Consumers Pay : 20+ MSOs/ISOs: 1500+ (LCOs) (60,000+) FTA : 200+ Others : 11 (210 Mn) Cable Transmission of Signals MSOs also provide Broadband Services to their consumers directly Flow of Monies 300+ Mn Households
Slide 17: Industry at a Glance
Industry at a Glance 1 TV Industry Revenues in ₹ Bn 2 TV Households in Mn Advertisement Subscription Free Pay 778 210 516 197 652 183 170 171 428 161 552 368 262 224 184 40 22 26 FY16 FY18 FY20 2016 2018 2020 Source : * FY = Apr- Mar 16 1. KPMG India’s Report Media and Entertainment,2020 2. TV Unive
Slide 18: 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 300+ Millions Homes in India. • Propel of High-Speed Unlimited data packages increase
Slide 19: Growth Opportunities
Growth Opportunities • Provide CATV services as a bundle • Expand GTPL Footprints in Existing Expansion ❖ With Broadband & OTT services Markets. Hybrid • Tie-up with different service providers • Venture into New Markets through • Up-sell current customers & add new acquisitions and consolidations.
Slide 20: Key KPIs
| Key KPls
Slide 21: Key KPIs: CATV Business Quarterly
KEY KPIs : CATV Business : Quarterly : Consolidated* Active Subscribers (Mn)1 Paying Subscribers (Mn) 7.50 8.00 8.00 7.30 7.35 7.30 7.85 7.90 7.20 7.75 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 20 * FY = Apr-Mar, Q1 = Apr-Jun, Q2 = Jul-Sep, Q3 = Oct-Dec, Q4 = Ja
Slide 22: Key KPIs: Broadband Business Quarterly
KEY KPIs : Broadband Business : Quarterly* Home-pass (Mn) Active Subscribers (‘000) ARPU (₹) (Net of Taxes) 445 445 4.10 690 440 430 635 422 3.87 590 3.80 3.72 535 3.51 455 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 # 230K
Slide 23: Consolidated Financials
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Slide 24: Financial Highlights: Consolidated
Financial Highlights : Consolidated * (Ex EPC) Total Revenue up by 22% Y-o-Y 1 Revenue ISP Revenue up by 74% Y-o-Y; 12% Q-o-Q 2 Expenses Finance cost down by 78% Y-o-Y; 62% Q-o-Q EBITDA of ₹ 1,362 Mn in Q1 FY22; Up ₹ 97 Mn (8%) Y-o-Y 3 EBITDA EBITDA Margin stands at 23.3% in Q1 FY22 4 PAT PAT (Incl.
Slide 25: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 5,991 1,423 5,843 1,362 1,265 4,779 - 2% - 4% + 22% + 8% Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 24 * FY = Apr-Mar, Q1 = Apr-Jun, Q4 =Jan-Mar Note : Financial figures are excluding EPC contract
Slide 26: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* Subscription Revenue (In ₹ Mn) ISP Revenue (In ₹ Mn) 918 2,653 2,665 2,641 817 - 1% + 12% 527 0% + 74% Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 25 * FY = Apr-Mar, Q1 = Apr-Jun, Q4 =Jan-Mar
Slide 27: Profit & Loss Statement: Consolidated
Profit & Loss Statement : Consolidated* In ₹ Mn Q1 FY22 Q4 FY21 Q1 FY21 FY21 Q1 FY22 Q1 FY22 Q4 FY21 Q4 FY21 Q-o-Q% Q1 FY21 Q1 FY21 Y-o-Y% FY21 FY21 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 Revenue Sub
Slide 28: Financial Performance: Consolidated
Financial Performance : Consolidated* Net Worth (In ₹ Mn) Gross Debt (In ₹ Mn) Net Debt (In ₹ Mn) 3,452 2,064 9,277 1,958 Net 3,279 8,801 Debt-free 7,283 1,279 6,577 6,648 2,158 1,465 1,298 (106) (489) FY18 FY19 FY20 FY21 Q1 FY22 FY18 FY19 FY20 FY21 Q1 FY22 FY18 FY19 FY20 FY21 Q1 FY22 27 * FY = Apr-
Slide 29: Standalone Financials
Standalone Financials
Slide 30: Financial Highlights: Standalone
Financial Highlights : Standalone * (Ex EPC) 1 Revenue Total Revenue up by 14% Y-o-Y 2 Expenses Finance cost down by 55% Y-o-Y; 24% Q-o-Q EBITDA of ₹ 778 Mn in Q1 FY22 3 EBITDA EBITDA Margin stands at 20.8% in Q1 FY22 PBT of ₹ 419 Mn in Q1 FY22; up by ₹ 61 (17%) Y-o-Y 4 Earnings PAT (Incl. EPC) of ₹
Slide 31: Financial Performance Trend: Standalone
Financial Performance Trend: Standalone* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 3,927 881 3,740 796 778 3,277 - 5% - 12% + 14% - 2% Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 30 * FY = Apr-Mar, Q1 = Apr-Jun, Q4 =Jan-Mar Note : Financial figures are excluding EPC contract
Slide 32: Profit & Loss Statement: Standalone
Profit & Loss Statement : Standalone* In ₹ Mn Q1 FY22 Q4 FY21 Q1 FY21 FY21 Q1 FY22 Q1 FY22 Q4 FY21 Q4 FY21 Q-o-Q% Q1 FY21 Q1 FY21 Y-o-Y% FY21 FY21 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 Revenue Subsc
Slide 33: Investor Conference Call Details
Investor Conference Call Details 32
Slide 34: 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 35: 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