Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q2 FY24 Earnings Presentation
31 slides from Gtpl Hathway's earnings presentation, Oct 14, 2023
Slide 1: Cover letter to stock exchanges
Ref. No.: GTPL/SE/2023 October 14, 2023 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 Q2 FY24 & H1 FY24 Results Update
GTPL Hathway Limited Q2 FY24 & H1 FY24 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview & Strategy 3 02 Key KPIs 15 03 Consolidated Financials 20 04 Standalone Financials 24 2
Slide 4: Company Overview & Strategy
Company Overview & Strategy 3
Slide 5: About Us
About Us • GTPL Hathway is engaged in Digital Cable TV Distribution and High-speed Broadband Services for 17 years; connecting 11+ million households in 1,500+ towns across 22 states in India. • The Company is the No. 1 Multi-Service Operator (MSO) in India & Gujarat and the No. 2 MSO in West Bengal
Slide 6: Leader across Key Markets
Leader across Key Markets Commenced Business in 2006 01 Footprint in 1,500+ towns across 22 States 02 connecting 11+ Mn Households #No.1* MSO in India #No.1 MSO in Gujarat 03 #No.2 in West Bengal #One of the leading private Wireline Broadband Player in India 04 #No. 1 in Gujarat** Significant presen
Slide 7: Value Creation Over The Period Of Time
Value Creation Over The Period Of Time Subscriber Cash Debt Consistent Base Growth Positive Reduction Performance Dividend • ~1.5x growth in • CAGR Growth • Free Cash Flow • “Net Debt Free” • PAT Positive for o Consistent last 6 years for over last 6 years (FCF) generated company as of last 6 years
Slide 8: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology partners Technology Partners Headend: • Mother Headend in Ahmedabad, Gujarat Headend • 2nd Headend in Kolkata, West Bengal • Distributing 900+ channels including 97+ HD channels STBs & across
Slide 9: Inherent Strengths
Inherent Strengths • Oracle’s Exadata Database • GTPL Genie+ : • Nokia’s BNG solution & Aggregation of OTT Apps Aprecomm’s A.I. For Digital Cable TV & technology for Broadband Broadband customers • Harmonic’s MPEG4 Video • GTPL Genie : Bundle of Headend for Digital Cable Digital Cable TV + OTT TV +
Slide 10: Launch of GTPL Genie+
Launch of The Product Advantage GTPL Advantage Customers • Offer all entertainment • Unique 100% Guaranteed • OTT Apps Aggregation avenues to customers (Linear Cashback for all subscribers ! • Access to 15+ leading OTT and Non-linear Content) • ~80% savings compared to Apps MRP of OTT Apps • Effecti
Slide 11: Highlights for the Quarter (Q2 FY24)
Highlights for the Quarter (Q2 FY24) • Announced the launch of new Brand Campaign featuring the new faces of GTPL, Kartik Aaryan and Rashmika Mandanna. • The #AbKeZamaneKaConnection campaign with Kartik and Rashmika endeavors to highlight the high-quality HD Digital Cable TV and High-Speed Broadband
Slide 12: Highlights for the Quarter (Q2 FY24)
Highlights for the Quarter (Q2 FY24) • Partnered with Verimatrix to deploy Verimatrix XTD code protection technologies to further strengthen defenses. • Verimatrix is the leader in powering the modern connected world with people-centered security. • The Verimatrix XTD solution offers GTPL strategica
Slide 13: Television continues to be preferred
Television continues to be preferred Television Revenues (INR in Billions) Co-viewership TV continues to be a family viewing platform with 82% consumers reporting co- viewing with 3.5 average 425.0 number of co-viewers per Total television screens household in 2022 397.0 (linear and bi-directional)
Slide 14: Opportunities to Enhance Cable TV Business
Opportunities to Enhance Cable TV Business RURAL INDIA TO DRIVE INORGANIC ACQUISITIONS CONTENT AVAILABILITY USER FRIENDLY SERVICES GROWTH • ~45 Mn Cable TV Households • Distribution of Content • Online payment mode available • Increasing demand from rural catered by unorganized and (Broadcasting & O
Slide 15: Multiple Growth Levers for Broadband Business
Multiple Growth Levers for Broadband Business Acquiring Customers » Increased Focus on B2B model Factors contributing to growth in » Digital and broadband initiatives by Data consumption Government across India » Tapping rural Gujarat market in the digital push Increasing use of Internet for digital
Slide 16: Key Performance Indicators
Key Performance Indicators 15
Slide 17: Cable TV Business Performance
Cable TV Business Performance Increased Active Subscribers by 800K in Q2 FY24 Y-o-Y 9.40 Mn 8.70 Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 700K in Q2 FY24 Y-o-Y 40K+ 80%+ Entered 3 new states – Delhi, Haryana and Uttarakhand Business Partners Digital Collection Expanding agg
Slide 18: Broadband Business Performance
Broadband Business Performance Increase of 120K (14%) Subscribers in Q2 FY24 Y-o-Y 990K 5.55 Mn Active Subscribers Home-pass ARPU of ₹ 460 as of Sep 23; increase of ₹ 10 annually 310 GB 12% Enhanced High Speed Broadband Service offering up to Average Data Y-o-Y Revenue 200 Mbps coupled with Truly Un
Slide 19: Cable TV Business: Quarterly: Consolidated
Cable TV Business: Quarterly: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.95 9.05 9.40 8.30 8.30 8.70 8.90 8.20 * 8.60 8.00 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 # Active Subscribers increased 800K Y-o-Y # Active Subscribers increased 70
Slide 20: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.55 960 990 460 455 460 460 5.40 920 450 895 5.30 870 5.15 5.00 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 # Home pass increas
Slide 21: Consolidated Financials
Consolidated Financials 20
Slide 22: Financial Highlights: Consolidated
Financial Highlights : Consolidated Total Revenue up by 20% H-o-H & 19% Y-o-Y 1 Revenue Subscription Revenue up by 13% H-o-H, 17% Y-o-Y & 8% Q-o-Q ISP Revenue up by 12% H-o-H & 10% Y-o-Y EBITDA of ₹ 2,609 Mn in H1 FY24; ₹ 1,351 Mn in Q2 FY24 2 EBITDA EBITDA up by ₹ 93 Mn (7%) Q-o-Q EBITDA Margin sta
Slide 23: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn Particulars Q2 FY24 Q1 FY24 Q-o-Q% Q2 FY23 Y-o-Y% H1 FY24 H1 FY23 H-o-H% FY23 Revenue Subscription Income CATV 3,226 2,981 8% 2,751 17% 6,207 5,478 13% 11,005 Broadband ISP 1,317 1,292 2% 1,198 10% 2,609 2,336 12% 4,826 Placement / Carriage / Marketing
Slide 24: Balance Sheet: Consolidated
Balance Sheet: Consolidated * In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2023 Mar 2023 Sep 2023 Mar 2023 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 20,019 18,816 Other Equity 11,242 10,973 Financial Assets Total Equity 12,367 12,097 Invest
Slide 25: Standalone Financials
Standalone Financials 24
Slide 26: Financial Highlights: Standalone
Financial Highlights : Standalone Total Revenue up by 23% H-o-H & 21% Y-o-Y 1 Revenue Subscription Revenue up by 15% H-o-H & 16% Y-o-Y EBITDA of ₹ 1,462 Mn in H1 FY24; ₹ 765 Mn in Q2 FY24 2 EBITDA EBITDA up by ₹ 68 Mn Q-o-Q EBITDA Margin stands at 14.9% in Q2 FY24; up by 132 bps PBT of ₹ 642 Mn in H
Slide 27: Profit & Loss Statement: Standalone
Profit & Loss Statement : Standalone In ₹ Mn Particulars Q2 FY24 Q1 FY24 Q-o-Q% Q2 FY23 Y-o-Y% H1 FY24 H1 FY23 H-o-H% FY23 Revenue Subscription Income CATV 2,237 2,185 2% 1,936 16% 4,422 3,838 15% 7,778 Placement / Carriage / Marketing Incentive 2,445 2,493 -2% 1,830 34% 4,939 3,544 39% 7,748 Activa
Slide 28: Balance Sheet: Standalone
Balance Sheet: Standalone * In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2023 Mar 2023 Sep 2023 Mar 2023 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 8,143 8,001 Other Equity 7,629 7,606 Financial Assets Total Equity 8,754 8,731 Investments 2,
Slide 29: Investor Conference Call Details
Investor Conference Call Details 28
Slide 30: 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 31: Thank You! Contact Details
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 30