Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — FY2024 Earnings Presentation
35 slides from Gtpl Hathway's earnings presentation, Apr 15, 2024
Slide 1: Exchange cover letter for investor presentation
Ref. No.: GTPL/SE/2024 April 15, 2024 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:
Slide 2: GTPL Hathway Limited FY24 Annual & Q4 Results Update
GTPL Hathway Limited FY24 Annual & Q4 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview 3 02 Industry Dynamics & Growth Strategy 9 03 Key KPIs 15 04 Consolidated Financials 21 05 Standalone Financials 27 2
Slide 4: Company Overview
Company Overview 3
Slide 5: Leader across Key Markets
Leader across Key Markets Commenced Business in 2006 01 Footprint in 1,500+ towns across 23 States 02 Connecting 12+ Mn Households #No.1* MSO in India #No.1 MSO in Gujarat 03 #No.2 in West Bengal #Leading private Wireline Broadband Player 04 #No. 1 in Gujarat** #Crossed 1 Mn Broadband subscribers in
Slide 6: Value Creation Over The Period Of Time
Value Creation Over The Period Of Time Subscriber Cash Consistent Base Growth Positive Net worth Performance Dividend • ~1.6x growth in • CAGR Growth • Free Cash Flow • Net worth • PAT Positive for o Consistent last 7 years for over last 7 years (FCF) generated increased by 3x in last 6 years Divide
Slide 7: Enhanced Infrastructure
Enhanced Infrastructure Headend Infra NOC Infra • Mother Headend in Ahmedabad, Gujarat Network Operating Centre (NOC) in • 2nd Headend in Kolkata, West Bengal Ahmedabad, Gujarat • Distributing 900+ channels including 97+HD channels across India Fiber Infra Office Infra Vast Optical Fiber 326 offices
Slide 8: Technology Partners – Best in Industry
Technology Partners – Best in Industry Cloud Infrastructure Headend NOC** CPE* Database Security Technology Partnerships ERP## Digital Presence SMS*** Inhouse BSS Apps# • CPE- Consumer Premises Equipment; ** NOC- Network Operation Centre 7 • *** SMS - Subscriber Management System; # BSS - Business S
Slide 9: Inherent Strengths
Inherent Strengths Preferred Pioneer Technology All India Growth Partner Offerings Drivers Presence Initiatives • 42,000+ Business Partners • GTPL Genie+ : Aggregation • Oracle’s Exadata Database • Covering 23 states • Continuously planning for • 200+ Broadcasters of OTT Apps • Nokia’s BNG solution
Slide 10: Industry Dynamics & Growth Strategy
Industry Dynamics & Growth Strategy 9
Slide 11: Television remains preferred mode of content consumption
Television remains preferred mode of content consumption Television Revenues (INR in Billions) TV Viewership Picking Up By 2026, television revenues are projected to reach INR765 billion, with a compound Viewers Aggregated 1.51 trillion gross Average Minute annual growth rate (CAGR) of 3.2% Audience
Slide 12: Opportunities for Growth in Both Divisions
Opportunities for Growth in Both Divisions Total TV households that can be targeted Total broadband connections that can be targeted ~180 Mn households* ~150 Mn households* GTPL Hathway’s Cable Subscribers – 9.5 Mn GTPL Hathway’s Wireline Broadband Subscribers – 1.0+ Mn Number of fixed broadband sub
Slide 13: Strategies to Enhance Cable TV Business
Strategies to Enhance Cable TV Business RURAL INDIA TO DRIVE INORGANIC ACQUISITIONS CONTENT AVAILABILITY USER FRIENDLY SERVICES GROWTH • ~40 Mn Cable TV Households • Distribution of Content • Online payment mode available • Increasing demand from rural catered by unorganized and (Broadcasting & OTT)
Slide 14: Multiple Growth Levers for Broadband Business
Multiple Growth Levers for Broadband Business Acquiring Customers » Increased Focus on B2B model Factors contributing to growth » Digital and broadband initiatives by Government across India » Tapping rural Gujarat market in the digital push Increasing use of Internet for digital services Necessity
Slide 15: Awards & Recognitions
Awards & Recognitions Rotary CSR Award for Best Recognized as Game Changer by Indian Listed as ESG Champions 2024 amongst Women Empowerment Television in the Video, Broadband and the leading 1000 companies in India by Distribution Industry Dun & Bradstreet 14
Slide 16: Key Performance Indicators
Key Performance Indicators 15
Slide 17: Cable TV Business Performance
Cable TV Business Performance Increased Active Subscribers by 550K Y-o-Y 9.50 Mn 8.80 Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 600K Y-o-Y 42K+ 80%+ Entered 3 new states – Delhi, Haryana and Uttarakhand Business Partners Digital Collection Expanding aggressively in Andhra Pr
Slide 18: Cable TV Business: Consolidated
Cable TV Business: Consolidated* Annual Active1 Subscribers (Mn) Quarterly Active1 Subscribers (Mn) 9.50 9.50 9.40 9.40 8.95 9.05 8.95 8.40 8.00 8.00 FY20 FY21 FY22 FY23 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4FY24 # Active Subscribers increased by 550K Y-o-Y # Active Subscribers increased by 100K Q-
Slide 19: Broadband Business Performance
Broadband Business Performance Achieved milestone of 1 Mn+ subscriber this year 1020K 5.80 Mn Increase of 100K (11%) Subscribers Y-o-Y Active Subscribers Home-pass ARPU of ₹ 460 as of Mar 24; remained constant 355GB 9% Enhanced High Speed Broadband Service offering up to Average Data Y-o-Y Revenue 2
Slide 20: Broadband Business: Annual
Broadband Business: Annual* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.80 460 460 1,020 445 450 5.30 422 920 4.70 816 3.87 3.33 635 405 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 # Homepass increased by 500K Y-o-Y # ACB increased by 100K Y-o-Y
Slide 21: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.80 1,020 460 1,005 460 460 460 460 5.55 5.60 990 960 5.40 920 5.30 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 # Homepass incr
Slide 22: Consolidated Financials
Consolidated Financials 21
Slide 23: Financial Highlights : Consolidated
Financial Highlights : Consolidated * Total Revenue up by 20% Annually & 16% Y-o-Y 1 Revenue Subscription Revenue up by 15% Annually & 14% Y-o-Y ISP Revenue up by 9% Annually & 5% Y-o-Y EBITDA of ₹ 5,111 Mn in FY24; ₹ 1,198 Mn in Q4 FY24 2 EBITDA EBITDA up by 8% (₹ 85 Mn) Y-o-Y EBITDA Margin stands
Slide 24: Financial Highlights : Consolidated
Financial Highlights : Consolidated * Total Revenue CATV Subscription Revenue Broadband Revenue 32,460 12,604 5,268 27,140 11,005 4,826 10,308 10,712 10,753 24,247 25,300 24,567 4,075 2,792 20% 15% 9% 1,674 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBITDA PAT Net Wor
Slide 25: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn Particulars Q4 FY24 Q3 FY24 Q-o-Q% Q4 FY23 Y-o-Y% FY24 FY23 Annual % Revenue Subscription Income CATV 3,148 3,249 -3% 2,753 14% 12,604 11,005 15% Broadband ISP 1,308 1,352 -3% 1,246 5% 5,268 4,826 9% Placement / Carriage / Marketing Incentive 3,349 3,2
Slide 26: Analysis on Operating Margin : Consolidated
Analysis on Operating Margin : Consolidated * In ₹ Mn Annual Particulars Q4 FY24 Q3 FY24 Q-o-Q% Q4 FY23 Y-o-Y% FY24 FY23 % Revenue Subscription Income CATV 3,148 3,249 -3% 2,753 14% 12,604 11,005 15% Broadband ISP 1,308 1,352 -3% 1,246 5% 5,268 4,826 9% Other Operating Income 226 231 -2% 219 3% 985
Slide 27: Balance Sheet : Consolidated
Balance Sheet : Consolidated* In ₹ Mn As on 31st As on 31st As on 31st As on 31st Liabilities Assets Mar 2024 Mar 2023 Mar 2024 Mar 2023 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 21,177 18,816 Other Equity 11,742 10,973 Financial Assets Total Equity 12,867 12,097 Invest
Slide 28: Standalone Financials
Standalone Financials 27
Slide 29: Financial Highlights : Standalone
Financial Highlights : Standalone * Total Revenue up by 19% Annually & 14% Y-o-Y 1 Revenue Subscription Revenue up by 14% Annually & 11% Y-o-Y EBITDA of ₹ 2,887 Mn in FY24; ₹ 668 Mn in Q4 FY24 2 EBITDA EBITDA up by ₹ 68 Mn (11%) Y-o-Y EBITDA Margin stands at 14% in FY24 3 PAT PAT of ₹ 761 Mn in FY24
Slide 30: Profit & Loss Statement : Standalone
Profit & Loss Statement : Standalone * In ₹ Mn Particulars Q4 FY24 Q3 FY24 Q-o-Q% Q4 FY23 Y-o-Y% FY24 FY23 Annual % Revenue Subscription Income CATV 2,212 2,251 -2% 1,987 11% 8,886 7,778 14% Placement / Carriage / Marketing Incentive 2,588 2,542 2% 2,141 21% 10,069 7,748 30% Activation 19 23 -18% 37
Slide 31: Analysis on Operating Margin : Standalone
Analysis on Operating Margin : Standalone * In ₹ Mn Annual Particulars Q3 FY24 Q2 FY24 Q-o-Q% Q3 FY23 Y-o-Y% FY24 FY23 % Revenue Subscription Income CATV 2,212 2,251 -2% 1,987 11% 8,886 7,778 14% Other Operating Income 271 298 -9% 302 -10% 1,221 1,215 0% Total Income 2,483 2,550 -3% 2,289 8% 10,106
Slide 32: Balance Sheet : Standalone
Balance Sheet : Standalone* In ₹ Mn As on 31st As on 31st As on 31st As on 31st Liabilities Assets Mar 2024 Mar 2023 Mar 2024 Mar 2023 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 8,747 8,001 Other Equity 7,917 7,606 Financial Assets Total Equity 9,042 8,731 Investments 2,
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!
Contact Details Thank Mr. Piyush Pankaj Mr. Irfan Raeen Business Head - Cable TV & Mr. Devansh Dedhia You! Chief Strategy Officer +91 98113 21102 +91 97737 78669 +91 99301 47479 Irfan.raeen@linkintime.co.in piyush.pankaj@gtpl.net Devansh.dedhia@linkintime.co.in 34