Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q3 FY25 Earnings Presentation
29 slides from Gtpl Hathway's earnings presentation, Jan 9, 2025
Slide 1: Intimation of Investor Presentation to Stock Exchanges
Ref. No.: GTPL/SE/2025 January 09, 2025 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 Q3 & 9M FY25 Results Update
GTPL Hathway Limited Q3 & 9M FY25 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview 3 02 Industry Dynamics & Growth Strategy 9 03 Key KPIs 13 04 Consolidated Financials 18 05 Standalone Financials 22 2
Slide 4: Company Overview
Company Overview 3
Slide 5: Leader Across Key Markets
Leader Across Key Markets 01 Commenced Business in 2006 Footprint in 1,500+ towns across 23 02 States Connecting 12+ Mn Households #No.1* MSO in India 03 #No.1 MSO in Gujarat #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 ~1.6x growth in last 7 • PAT Positive for last 7 years for Digital Cable TV Free Cash Flow (FCF) years ~4.2x growth in last 7 generated for last 7 years • IND AA-/Stable years for Broadband • IND A1+ (WC) by ‘India Ratings’ Growth Net Worth Dividend Subscriber
Slide 7: Enhanced Infrastructure
Enhanced Infrastructure Headend Infra NOC Infra • Mother Headend in Ahmedabad, Gujarat serves as epicenter for nation wide services Network Operating Centre (NOC) in Ahmedabad, Gujarat forms the • 2nd Headend in Kolkata, West Bengal to enhance coverage and service backbone of operations ensuring qua
Slide 8: Technology Partners – Best in Industry
Technology Partners – Best in Industry Cloud Infrastructure Headend NOC** CPE* Digital Partner Security Digital Service Partner Database Digital Presence SMS*** ERP## Inhouse BSS Apps# The brand names mentioned are the property of their respective owners and are used here for identification purpose
Slide 9: Inherent Strengths
Inherent Strengths Preferred Partner 01 Pioneer Offerings 02 Leveraging Technology 03 • Launched Consumer application “GTPL Buzz” • Strategic partnerships with industry leaders • 47,000+ Business Partners with features such as Live TV, Distro TV and like Oracle, Nokia, Aprecomm, Nagra, • 200+ Broadc
Slide 10: Industry Dynamics & Growth Strategy
Industry Dynamics & Growth Strategy 9
Slide 11: Huge Runway for Growth
Huge Runway for Growth 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 – 9.60 Mn GTPL Hathway’s Wireline Broadband Subscribers – 1.0+ Mn Number of fixed broadband subscriptions per 100
Slide 12: Strategies to Enhance Cable TV Business
Strategies to Enhance Cable TV Business • Opportunities to add and consolidate smaller/regional players catering to ~40 Mn Cable TV Households INORGANIC ACQUISITIONS • Increase in compliances leads to consolidation of industry & also triggered by cancellation of licenses by MIB of non-compliant MSOs
Slide 13: Multiple Growth Levers for Broadband Business
Multiple Growth Levers for Broadband Business Acquiring Customers Market Size & Geographies Driving Growth Staying Competitive • Increased Focus on B2B model • Potential to convert 12+ Mn GTPL Digital • Improved content offerings - OTT • Digital and broadband initiatives by Cable TV households distr
Slide 14: Key Performance Indicators
Key Performance Indicators 13
Slide 15: Cable TV Business Performance
Cable TV Business Performance Increased Active Subscribers by 200K Y-o-Y 9.60Mn 8.90Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 200K Y-o-Y 47K+ 80%+ Entered 4 new states in FY24 – Delhi, Haryana, Business Partners Digital Collection Uttarakhand and Himachal Pradesh Expanding a
Slide 16: Cable TV Business: Consolidated
Cable TV Business: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 9.50 9.60 9.50 9.60 8.80 8.90 8.80 8.90 9.40 8.70 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3 FY25 # Active Subscribers increased by 200K Y-o-Y # Paying Subscribers increased by 200K Y-o-Y *
Slide 17: Broadband Business Performance
Broadband Business Performance Increase of 37K (4%) Subscribers Y-o-Y 1042K 5.95Mn Active Subscribers Home-pass ARPU of ₹ 465 as of December 24; increased by ₹ 5 Y-o-Y 365GB 2% Enhanced High Speed Broadband Service offering up to Average Data Y-o-Y Revenue 200 Mbps coupled with Truly Unlimited Data
Slide 18: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.95 1,040 1,042 460 460 460 460 465 5.90 5.95 1,020 1,030 1,005 5.80 5.60 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 # Homepas
Slide 19: Consolidated Financials
Consolidated Financials 18
Slide 20: Financial Highlights: Consolidated
Financial Highlights : Consolidated Total Revenue up by 7% 9M-o-9M, 4% Y-o-Y & 4% Q-o-Q 1 Revenue ISP Revenue up by 3% 9M-o-9M, 2% Y-o-Y & 1% Q-o-Q EBITDA of ₹ 3,481 Mn in 9M FY25 & ₹ 1,138 Mn in Q3 FY25 2 EBITDA EBITDA Margin stands at 13.3% in 9M FY25 3 PBT PBT of ₹ 517 Mn in 9M FY25 & ₹ 124 Mn in
Slide 21: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn Particulars Q3 FY25 Q2 FY25 Q-o-Q% Q3 FY24 Y-o-Y% 9M FY25 9M FY24 9M-o-9M% FY24 Revenue Subscription Income CATV 3,024 3,129 -3% 3,249 -7% 9,345 9,456 -1% 12,604 Broadband ISP 1,383 1,367 1% 1,352 2% 4,099 3,961 3% 5,268 Placement / Carriage / Marketin
Slide 22: Analysis on Operating Margin: Consolidated
Analysis on Operating Margin : Consolidated * In ₹ Mn Particulars Q3 FY25 Q2 FY25 Q-o-Q% Q3 FY24 Y-o-Y% 9M FY25 9M FY24 9M-o-9M% FY24 Revenue Subscription Income CATV 3,024 3,129 -3% 3,249 -7% 9,345 9,456 -1% 12,604 Broadband ISP 1,383 1,367 1% 1,352 2% 4,099 3,961 3% 5,268 Other Operating Income 28
Slide 23: Standalone Financials
Standalone Financials 22
Slide 24: Financial Highlights: Standalone
Financial Highlights : Standalone 1 Revenue Total Revenue up by 7% 9M-o-9M, 8% Y-o-Y & 4% Q-o-Q EBITDA of ₹ 1,995 Mn in 9M FY25 & ₹ 654 Mn in Q3 FY25 2 EBITDA EBITDA Margin stands at 12.1% in 9M FY25 3 PBT PBT of ₹ 535 Mn in 9M FY25 & ₹ 142 Mn in Q3 FY25 4 PAT PAT of ₹ 397 Mn in 9M FY25 & ₹ 107 Mn i
Slide 25: Profit & Loss Statement: Standalone
Profit & Loss Statement : Standalone In ₹ Mn Particulars Q3 FY25 Q2 FY25 Q-o-Q% Q3 FY24 Y-o-Y% 9M FY25 9M FY24 9M-o-9M% FY24 Revenue Subscription Income CATV 2,112 2,207 -4% 2,251 -6% 6,568 6,674 -2% 8,886 Placement / Carriage / Marketing Incentive 3,084 2,881 7% 2,542 21% 8,691 7,481 16% 10,069 Act
Slide 26: Analysis on Operating Margin: Standalone
Analysis on Operating Margin : Standalone * In ₹ Mn Particulars Q3 FY25 Q2 FY25 Q-o-Q% Q3 FY24 Y-o-Y% 9M FY25 9M FY24 9M-o-9M% FY24 Revenue Subscription Income CATV 2,112 2,207 -4% 2,251 -6% 6,568 6,674 -2% 8,886 Other Operating Income 351 287 22% 298 18% 998 949 5% 1,221 Total Income 2,463 2,494 -1
Slide 27: Investor Conference Call Details
Investor Conference Call Details 26
Slide 28: 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 29: Thank You! Contact Details
Contact Details Thank Mr. Piyush Pankaj Business Head B2B - (CATV & Broadband) Mr. Irfan Raeen 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 28