Siti Networks Limited · NSE:SITINET
Siti Networks — Q4 FY2020 Earnings Presentation
16 slides from Siti Networks's earnings presentation
Slide 1: SITI Networks Limited Q4FY20 Investor Presentation
SITI Networks Limited Q4FY20 Investor Presentation Formerly known as SITI Cable Network Limited BSE : 532795 | NSE : SITINET | Bloomberg : SCNL:IN | Reuters : SITI.NS www.sitinetworks.com SITI Networks Limited – Confidential 1
Slide 2: Disclaimer
Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions ,expectations, estimates, objectives and projections of the directors and management of SITI Networks Limited (SITI Networks) about its business and the indust
Slide 3: Company Overview
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Slide 4: India's Leading Digital TV Network
• India’s Leading Digital TV Network • Present in 20+ States across India • Footprint across 249+ districts ~800 locations • Delivering content to consumers 24/7 4
Slide 5: SITI Networks: India's Leading Digital TV Network
SITI Networks India’s Leading Digital TV Network 1st MSO launched in 1st MSO to give CRM 1st MSO listed on Stock 1st MSO to launch local Nation-wide India tool to Partners Exchange channels Distribution 24,000+ strong 01 Launched in 1994 02 OYC tool offered to LCOs 03 SITINET listed on NSE 04 Bouque
Slide 6: Present across ~800 locations
SITI Networks Present across ~800 locations Uttaranchal Haryana Uttar Pradesh Bihar Delhi Assam Nagaland Rajasthan Meghalaya Gujarat Jharkhand Madhya Pradesh West Bengal Maharashtra Odisha Chhattisgarh Karnataka Telangana Andhra Pradesh Kerala
Slide 7: Competitive Advantage
SITI Networks Competitive Advantage 01 02 03 04 05 India’s largest MSO Using latest MPEG4 OYC Subscriber In discussion with Professional STBs Management System various service Management Presence across 800 providers for creating locations Broadband through Conax CAS value adds for SITI Lean and Agi
Slide 8: Promoter Group
Promoter Group Corporate Structure • Launched in 1926, the Parent Group (“Essel Group”) completed 90 years recently; One of India's leading business houses, with a dominant vertically integrated presence in Media and entertainment • Leading producer, aggregator and distributor of Indian programming
Slide 9: Sizeable Free Float & Institutional Ownership
SITI Networks Sizeable Free Float & Institutional Ownership 3.9% 1.4% Mutual Funds Others 10.4% 65.7% Promoters Individuals 11.8% FII’s 6.8% Indian Companies Shareholding Pattern 872 Mn Shares As of 31 Mar 2020 Others include HUF, Clearing Members, banks, trusts and NRIs
Slide 10: Technology Infrastructure
Technology Infrastructure Video & Broadband • 10 Digital Headends; Intra-city OFC and Coax Network of ~33,000 Kms covering ~ 800 locations • Transport of Digital CATV signals on 1.2 Gbps links across the country; ~500 IP Points • Hybrid (DOCSIS+ GPON) Technology to offer Cable Broadband services Dig
Slide 11: Modification in New Tariff Order – Jan'20
Modification in New Tariff Order – Jan’20 Brought welcome changes, giving more power to DPOs Capping on Simplified NCF Addressed Twin Condition Channel pricing Structure Multi-TV Homes ▪ MRP of channels in a bouquet ▪ Capping of Rs 12 for Pay ▪ Simplified 2 slabs: ▪ NCF on Multi-TV is capped at can’
Slide 12: Financial Overview
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Slide 13: SITI Networks Declares Strong Results
SITI Networks Declares Strong Results • Operating EBITDA leaps 1.18x y-o-y to Rs.3,538 Mn • Operating EBITDA Margin jumps 1.02x y-o-y to 21.6% • Total Revenue1 rises 15.3% y-o-y to Rs. 16,354 Mn • Subscription Revenue surges 21.3% y-o-y to Rs. 11,567 Mn • Subscription ARPU leaps 1.74x y-o-y to Rs.12
Slide 14: Personnel Cost: EBITDA Waterfall Analysis
Exceeded Expectation in FY 20 vs FY19 Consolidated Waterfall Analysis Rs. Mn 4,000 465 93 80 3,538 3,001 59 3,500 3,000 2,500 2,000 1,500 1,000 500 - Gross Margin* Other Incomes Other Exp. EBITDA YTD FY19 EBITDA YTD FY20 Personnel Cost • Gross Margin = Subscription + Placement/Marketing Income - Pay
Slide 15: Operating EBITDA Margin Trends
Operating EBITDA Margin Trends Video Operating EBITDA Margins have seen a consolidation in Q4FY20 and have remained largely stable 15
Slide 16: Thank You
Thank You Investor Relations, SITI Networks Limited investorrelations@siti.esselgroup.com