Den Networks Limited · NSE:DEN
Den Networks — Q4 FY2019 Earnings Presentation
18 slides from Den Networks's earnings presentation, Apr 16, 2019
Slide 1: DEN Networks Limited Investor Update Q4'19 and FY18-19
DEN Networks Limited Investor Update Q4’19 and FY18-19 16th April’19
Slide 2: Disclaimer
Disclaimer The information in the presentation may contain “forward-looking statements” which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding DEN’s future results of operations, financial condition or business prospects as well
Slide 3: Contents
Contents 1. Cable TV - Industry Update 2. DEN – Financial Snapshot for Q4’19 and FY18-19 3. Fixed Line Broadband and consolidated financials 4. Key Developments during the quarter Investor Update Q4’19 and FY18-19 3
Slide 4: Linear television consumption growth
Linear television consumption growth Growth of Linear television by 67% from 600 billion in 2015 to 1 Trillion man minutes in 2019. 67 % Increase TV is the biggest medium with daily-tune ins of 613 million. The video consumption on TV has increased to 3 hours 53 minutes in 2019 from 3 hours 7
Slide 5: TV penetration on the rise
TV penetration on the rise 2016 2018 TV homes has increased across all state groups TV Penetration has increased to 66% in 2018 as compared to 64% in 2016 and still has significant headroom for growth. TV viewership continues to increase across age group with a 22 percent average growth rate i
Slide 6: Small towns and rural areas are key drivers of growth
Small towns and rural areas are key drivers of growth. BARC India, Universe Update (July 2018) Investor Update Q4’19 and FY18-19 6
Slide 7: Contents
Contents 1. Cable TV - Industry Update 2. DEN – Financial Snapshot for Q4’19 and FY18-19 3. Fixed Line Broadband and consolidated financials 4. Key Developments during the quarter Investor Update Q4’19 and FY18-19 7
Slide 8: Consolidated (Cable & BB) P&L: Quarterly Summary
Consolidated (Cable & BB) P&L : Quarterly Summary INR Crore Cable Broadband Consolidated Subscription Revenue 4Q'19 159 17 176 3Q'19 172 17 189 4Q'18 175 16 192 Revenues 4Q'19 257 18 275 3Q'19 291 17 308 4Q'18 299 17 316 EBITDA 4Q'19 37 1 38 (Before exceptional Items) 3Q'19 48 (0) 47 4Q'18 59 (0) 59
Slide 9: Cable Income Statement
Cable Income Statement Actuals Actuals Growth % INR Crore 4Q'19 3Q'19 4Q'18 FY19 FY18 Q-o-Q (Gr%) Y-o-Y (Gr%) Yearly (Gr%) Subscription 159 172 175 673 667 (8%) (9%) 1% Placement 66 81 83 313 345 (18%) (21%) (9%) Other Operating Income 7 13 18 55 82 (45%) (60%) (33%) Activation 25 25 24 99 117 (1%)
Slide 10: Contents
Contents 1. Cable TV - Industry Update 2. DEN – Financial Snapshot for Q4’19 and FY18-19 3. Fixed Line Broadband and consolidated financials 4. Key Developments during the quarter Investor Update Q4’19 and FY18-19 10
Slide 11: Broadband ARPU (net of tax) & Subscribers development
Broadband ARPU (net of tax) & Subscribers development ARPU (INR) Home passed (‘000) * 565 904 901 562 892 559 878 554 552 862 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Subscribers (‘000) 116 114 112 107 106 * Broadband numbers made comparable for direct business
Slide 12: Broadband Income statement
Broadband Income statement Actuals Actuals Growth % INR Crore 4Q'19 3Q'19 4Q'18 FY19 FY18 Q-o-Q Y-o-Y YTD Total Income 18 17 17 67 75 7% 9% (11%) Personnel Costs 2 2 3 9 13 (8%) (34%) (29%) Other Opex 15 14 14 57 63 6% 7% (10%) Total Expenditure 17 17 17 67 76 1% (0%) (13%) EBITDA before exceptional
Slide 13: Consolidated Income Statement
Consolidated Income Statement Actuals Actuals Growth % Actuals INR Crore 4Q'19 3Q'19 4Q'18 FY19 FY18 Q-o-Q (Gr%) Y-o-Y (Gr%) Q-o-Q Y-o-Y Subscription-Cable 159 172 175 673 667 (8%) (9%) (13) (16) Subscription-broadband 17 17 16 66 73 2% 3% 0 1 Placement 66 81 83 313 345 (18%) (21%) (15) (17) Other O
Slide 14: Consolidated Balance sheet
Consolidated Balance sheet INR Crore 31.03.2019 31.03.2018 Key metrices Share Capital 477 195 Reserves & Surplus 2,069 589 INR Crore 31.03.2019 31.03.2018 Networth 2,546 784 Gross Debt (Rs in crs) 482 542 Minority Interest 78 104 Net Debt (Rs in crs) (1814) 157 Short & Long Term Debt 482 542 Defferr
Slide 15: Contents
Contents 1. Cable TV - Industry Update 2. DEN – Financial Snapshot for Q4’19 and FY18-19 3. Fixed Line Broadband and consolidated financials 4. Key Developments during the quarter Investor Update Q4’19 and FY18-19 15
Slide 16: Key Developments during the quarter (1/2)
Key Developments during the quarter (1/2) Tariff order The tariff order implemented w.e.f. 29-Dec-2018 and deadline was extended to 1st Feb’19 which was further extended to 31st March’19 to capture the choices of all the consumers. DEN has successfully migrated all the consumers to either packs ch
Slide 17: Key Developments during the quarter (2/2)
Key Developments during the quarter (2/2) Equity Infusion (Cont.) The Acquirers have acquired sole control of the Company and the Acquirers together with the Persons Acting in Concert (PACs) namely Reliance Industries Limited (RIL), Digital Media Distribution Trust, Reliance Content Distribution L
Slide 18: Contact Information
Contact Information DEN Awarded the title of “The Best MSO” at “The Indian Telly: Technical, Trade & Programming Awards 2018” Jatin Mahajan InvestorRelations@DenOnline.in +91 11 4052 2200 DEN Networks Ltd. (CIN No. L92490DL2007PLC165673) Investor Update Q4’19 and FY18-19 18