Gtpl Hathway Ltd · NSE:GTPL

Gtpl Hathway — Q2 & H1 FY21 Earnings Presentation

39 slides from Gtpl Hathway's earnings presentation, Oct 10, 2020

  1. Slide 1: Cover letter to stock exchanges

    GTPL Hathway Limited CIN: L64204GJ2006PLC048908 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 October 10, 2020 BSE Limited National Stock Exchange of India Li

  2. Slide 2: Q2 & H1 FY21 Results Update

    Q2 & H1 FY21 GTPL Hathway Limited RESULTS UPDATE OCTOBER 2020

  3. Slide 3: Discussion Summary

    DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 16 2 Key KPIs 17 - 19 3 Consolidated Financials 20 - 29 4 Standalone Financials 30 - 35

  4. Slide 4: Company Overview & Strategy

    Company Overview & Strategy

  5. 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 800+ towns across 13 States in India in 14 Years, providing both Cable TV & Broadba

  6. Slide 6: Key Highlights

    Key Highlights Consistent Subscriber Base Growth Performance • Paying Subscriber base •Revenue Grown at CAGR of 22% in last 4 years •PAT Positive for reached ~1.7x in last 4 year; from 4.2 Mn in Q2 Consecutive 4 years, since •EBITDA Grown at CAGR of FY16 FY17 to 7.3 Mn in Q1 FY21 18% in last 4 years

  7. Slide 7: Financial Performance: Consolidated

    Financial Performance : Consolidated* • Total Revenue (Incl. EPC) increased by 16% Q-o-Q; Key Financial Highlights (in ₹ Mn) Increased by 15% H-o-H (Ex. EPC) • Subscription Revenue increased by 5% H-o-H H1 FY20 FY20 H1 FY21 • ISP Revenue increased by 51% H-o-H; 68% Y-o-Y & 27% Q-o-Q Incl. Excl. Incl

  8. Slide 8: CATV Business Performance

    CATV Business Performance Key Highlights • Maintained subscriber base in COVID-19 adverse business situation. • Seeded 200K STBs in Q2 FY21 10.41 Mn 7.85 Mn 7.30 Mn • Increased Active & Paying subscribers by 100K each Seeded Active1 Paying on Q-o-Q basis. STBs Subscribers Subscribers • Expanded CATV

  9. Slide 9: Business Expansion

    Business Expansion • Expansion in Mumbai Phase-I Market in FY20 Maharashtra • Ventured in Tamil Nadu • Added ~250K ▪ (Chennai) market during Q3 subscribers FY20 Business Expansion • Expansion in states of • Expanded CATV business to Andhra Pradesh and Tripura state in Q2 FY21. Tripura Telangana • GT

  10. Slide 10: Broadband Performance

    Broadband Performance Key Highlights • Increase of 80K Subscribers in Q2 FY21; Active Subscribers at 535K. • 3.72 Mn Home Pass ; 65% Home Pass available for 535K 3.72 Mn 160K FTTX conversion Active Subscribers Home Pass #80K addition in #210K addition in FTTX Subscribers Q2 FY21 Q2 FY20 • #No. 6 Pri

  11. Slide 11: Platform Services Owned & Operated by GTPL

    Platform Services Owned & Operated by GTPL Offering 47 channels across 7 genres! 10

  12. Slide 12: Platform Services Owned & Operated by GTPL

    Platform Services Owned & Operated by GTPL Offering 47 channels across 7 genres! 11

  13. 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 • State-of-the-Art Next • #2 MSO in India, • Versatile Presence • 28,000+ LCOs as Generation Video #1 in Gujarat, in Regional Market

  14. 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 & 4 support Headend for disaster Headend management. • Mother Headend & Network Operating Centre (NOC) in Gujarat, capable to cater across

  15. 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 25 years o

  16. Slide 16: Growth Opportunities

    Growth Opportunities ➢ Successful implementation of New Tariff ➢ Hybrid Box – Multi Service Product : Order (NTO) across India has opened up Provide CATV services along with avenues for expansion in existing Broadband & OTT services as a bundle markets & lifted entry barriers in by tying up with dif

  17. Slide 17: Business Agnostic to Lockdown

    Business Agnostic to Lockdown • National & State Lockdown • E-Learning & Work-from-Home COVID- • Economic Slowdown • Rise in Content consumption • Digital Payments & 19 • Impact across Industries Consumption • Combined offering of Entertainment, Data & CATV Commerce New • Historic TV Viewership – Gr

  18. Slide 18: Key KPIs

    | Key KPls

  19. Slide 19: Key KPIs: CATV Business: Quarterly: Consolidated

    KEY KPIs : CATV Business : Quarterly : Consolidated* STBs Seeded (Mn) Active Subscribers (Mn) 1 Paying Subscribers (Mn) 10.41 10.20 10.21 8.00 7.85 7.50 7.75 7.80 7.75 7.25 7.35 7.30 7.20 10.05 9.90 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q3 FY20 Q4 FY

  20. Slide 20: Key KPIs: Broadband Business: Quarterly

    KEY KPIs : Broadband Business : Quarterly* Home-pass (Mn) Active Subscribers (‘000) ARPU (₹) (Net of Taxes) 535 3.72 422 422 430 415 415 3.51 455 3.33 405 3.16 375 355 2.92 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 # 210K

  21. Slide 21: Consolidated Financials

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  22. Slide 22: Financial Highlights: Consolidated

    Financial Highlights : Consolidated * (Ex EPC) Total Revenue up by 15% H-o-H; 11% Y-o-Y & 7% Q-o-Q 1 Revenue Subscription Revenue up by 5% H-o-H; 3% Y-o-Y ISP Revenue up by 51% H-o-H; 68% Y-o-Y & 27% Q-o-Q 2 Expenses Finance cost down by 38% H-o-H; 39% Y-o-Y & 26% Q-o-Q EBITDA of ₹ 2,593 Mn in H1 FY

  23. Slide 23: Financial Performance Trend: Consolidated

    Financial Performance Trend: Consolidated* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 4,577 4,717 5,064 Quarterly 1,259 1,334 1,153 + 7% + 6% + 11% + 16% Q2 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q1 FY21 Q2 FY21 9,781 Half Yearly 2,593 8,505 2,257 + 15% + 15% H1 FY20 H1 FY21 H1 FY20 H1 FY21 22 * FY = A

  24. Slide 24: Financial Performance Trend: Consolidated

    Financial Performance Trend: Consolidated* Subscription Revenue (In ₹ Mn) ISP Revenue (In ₹ Mn) 670 2,608 2,653 2,677 Quarterly 527 398 + 1% + 27% + 3% + 68% Q2 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q1 FY21 Q2 FY21 5,080 5,330 Half Yearly 1,196 791 + 5% + 51% H1 FY20 H1 FY21 H1 FY20 H1 FY21 23 * FY = Apr- Ma

  25. Slide 25: EBITDA Bridge: Consolidated

    EBITDA Bridge : Consolidated * (Ex EPC) In ₹ Mn 24 * FY = Apr-Mar, Q1 = Apr-Jun, Q2 = Jul-Sep Note : Financial figures are excluding EPC contract

  26. Slide 26: Profit & Loss Statement: Consolidated: Q-o-Q

    Profit & Loss Statement : Consolidated* : Q-o-Q In ₹ Mn Q2 FY21 Q1 FY21 Q2 FY20 FY20 Q2 FY21 Q2 FY21 Q1 FY21 Q1 FY21 Q-o-Q% Q2 FY20 Q2 FY20 Y-o-Y% FY20 FY20 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 Rev

  27. Slide 27: Profit & Loss Statement: Consolidated: H-o-H

    Profit & Loss Statement : Consolidated* : H-o-H In ₹ Mn H1 FY21 H1 FY20 FY20 H1 FY21 H1 FY21 H1 FY20 H1 FY20 H1-o-H1% FY20 FY20 Particulars EPC EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Contract Revenue Subscription CATV 5,330 - 5,330 5,080 - 5,080 5% 10,308 - 10,

  28. Slide 28: Balance Sheet: Consolidated

    Balance Sheet : Consolidated In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2020 Mar 2020 Sep 2020 Mar 2020 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 13,948 13,574 Other Equity 7,259 6,616 Financial Assets Total Equity 8,383 7,741 Investments

  29. Slide 29: Financial Performance: Consolidated

    Financial Performance : Consolidated Net Worth (In ₹ Mn) Gross Debt (In ₹ Mn) Net Debt (In ₹ Mn) 7,807 5,499 7,283 4,437 6,577 6,648 3,452 3,279 3,872 1,958 2,064 2,158 1,718 1,279 701 * FY17 FY18 FY19 FY20 Sep-20 FY17 FY18 FY19 FY20 Sep-20 FY17 FY18 FY19 FY20 Sep-20 28 * FY = Apr-Mar

  30. Slide 30: Financial Performance: Consolidated

    Financial Performance : Consolidated Return on Capital Employed Return on Equity (ROE In %) Key Leverage Metrics (In Times) ROCE (In %) # # 34% 35% 22% 1.8 1.1 19% 19% ## 16% 10% 11% 9% 0.6 0.6 0.3 0.3 0.3 # ## 0.2 0.13 3% 0.09 FY17 FY18 FY19 FY20 Sep-20 FY17 FY18 FY19 FY20 Sep-20 FY17 FY18 FY19 FY2

  31. Slide 31: Standalone Financials

    Standalone Financials

  32. Slide 32: Financial Highlights: Standalone

    Financial Highlights : Standalone * (Ex EPC) Total Revenue up by 17% H-o-H; 9% Y-o-Y & 4% Q-o-Q 1 Revenue Subscription Revenue up by 7% H-o-H; 5% Y-o-Y 2 Expenses Finance cost down by 38% H-o-H; 44% Y-o-Y & 27% Q-o-Q EBITDA of ₹ 1,587 Mn in H1 FY21; ₹ 797 Mn in Q2 FY21 3 EBITDA Up by ₹ 69 Mn (5%) H-

  33. Slide 33: Financial Performance Trend: Standalone

    Financial Performance Trend: Standalone* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) 3,019 3,186 3,304 Quarterly 797 772 790 + 4% + 1% + 9% + 3% Q2 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q1 FY21 Q2 FY21 6,489 Half Yearly 1,587 1,519 5,557 + 17% + 5% H1 FY20 H1 FY21 H1 FY20 H1 FY21 32 * FY = Apr- Mar, Q1

  34. Slide 34: Profit & Loss Statement: Standalone: Q-o-Q

    Profit & Loss Statement : Standalone* : Q-o-Q In ₹ Mn Q2 FY21 Q1 FY21 Q2 FY20 FY20 Q2 FY21 Q2 FY21 Q1 FY21 Q1 FY21 Q-o-Q% Q2 FY20 Q2 FY20 Y-o-Y% FY20 FY20 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 Reven

  35. Slide 35: Profit & Loss Statement: Standalone: H-o-H

    Profit & Loss Statement : Standalone* : H-o-H In ₹ Mn H1 FY21 H1 FY20 FY20 H1 FY21 H1 FY21 H1 FY20 H1 FY20 H1-o-H1% FY20 FY20 Particulars EPC EPC EPC Ex. EPC Total Ex. EP Total (Ex. EPC) Ex. EPC Total Contract Contract Contract Revenue Subscription CATV 3,652 - 3,652 3,413 - 3,413 7% 6,951 - 6,951 R

  36. Slide 36: Balance Sheet: Standalone

    Balance Sheet : Standalone In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2020 Mar 2020 Sep 2020 Mar 2020 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 5,475 5,485 Other Equity 6,169 5,854 Financial Assets Total Equity 7,294 6,978 Investments 2,1

  37. Slide 37: Investor Conference Call Details

    Investor Conference Call Details 36

  38. Slide 38: 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

  39. Slide 39: Thank You

    Mr. Piyush Pankaj Head - CATV Business & 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

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