Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — FY2022 Earnings Presentation
45 slides from Gtpl Hathway's earnings presentation, Apr 8, 2022
Slide 1: Cover letter to stock exchanges
Ref. No.: GTPL/SE/2022 April 8, 2022 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: I
Slide 2: GTPL Hathway Limited FY22 Annual & Q4 Results Update
GTPL Hathway Limited FY22 Annual & Q4 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview & Strategy 3 02 Awards & Recognitions 18 03 Key KPIs 22 04 Consolidated Financials 27 05 Standalone Financials 37 2
Slide 4: Company Overview & Strategy
Company Overview & Strategy 3
Slide 5: Company Overview
Company Overview • GTPL Hathway is engaged in Cable TV Distribution and High-speed Broadband Service for 15 years; connecting 11 million+ households in ~1,200 towns across 19 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 ~1,200 towns across 19 States 02 connecting 11 Mn+ Households #No.1* MSO in India 03 #No.1 MSO in Gujarat | #No.2 in WB #No. 6* Private Wireline Broadband Player in India 04 #No. 1 in Gujarat** Significant presence in Maharashtra,
Slide 7: Our Leadership Journey
Our Leadership Journey • ~2.3x growth in last 6 years for CATV • Free Cash Flow (FCF) Subscriber Base Cash Positive generated for last 6 years • ~4.8x growth in last 6 years for Broadband • ~22% CAGR growth in Revenue in last 6 years • Consistent Dividend Paying Growth Dividend History of last 6 yea
Slide 8: Financial Comparatives: Consolidated
Financial Comparatives : Consolidated* In ₹ Mn Key Financial Highlights FY22 FY21 Incl. Excl. Incl. Excl. EPC EPC EPC EPC REVENUE 24,567 24,154 25,300 21,484 EBITDA 5,701 5,677 5,724 5,455 PAT 2,006# 1,885 # Exceptional Items (Loss on Insurance Claim Receivables) of ₹ 124 Mn for FY22 ✓ Revenue Growt
Slide 9: Diversifying Business
Diversifying Business In ₹ Mn Revenue EBITDA 24,154 5,677 4,086 (72%) 20,079 (83%) 2,406 9,418 2,132 8,139 (89%) (86%) 1,591 (28%) 4,075 (17%) 1,279 (14%) 274 (11%) FY17 FY22 FY17 FY22 Broadband Cable TV Broadband Cable TV * FY = Apr-Mar Note : Numbers are excluding EPC 8
Slide 10: Highlights of FY22
Highlights of FY22 5 Net Debt Free 4 ISO Certified 3 Footprint in 4 more States 2 No. 1 Broadband Player** in Gujarat 1 No. 1 MSO* in India Sources : * Performance Indicators Report, TRAI 9 ** Independent third party Report
Slide 11: Launch of GTPL Genie: Cable TV + OTT
Launch of GTPL Genie: Cable TV + OTT Unique Bundle of Cable ✓ TV & 12+ OTT Services Convenience of Single ✓ Subscription Convert normal TV into a ✓ Smart TV 10
Slide 12: Year at a Glance
Year at a Glance Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 • Listed in • GTPL & Broadband • No.1 MSO in India • Launch of Hybrid STBs : India’s Top 500 Companies (Subsidiary) Cable TV + OTT by Dun & Bradstreet ISO Certified • Expanded in 9001:2015 Karnataka & Odisha • Expanded in • Launch of GIVA 27001:2013 M
Slide 13: Cable TV Business Performance
Cable TV Business Performance • Increased Active & Paying subscribers by 400K & 300K respectively on Y-o-Y basis 8.40 Mn 7.80 Mn 31,500+ • Increased Active & Paying subscribers by 200K & 300K Active1 Paying Business respectively on Q-o-Q basis STBs Subscribers Partners • Launched Unique Bundle of Ca
Slide 14: Broadband Business Performance
Broadband Business Performance • Increase of 181K (29%) Subscribers in FY22; 51K Subscribers in Q4 FY22 816K 256 GB Active 4.70 Mn Average Data Home-pass Consumption • ARPU of ₹ 450/- as of Mar-22; increased by ₹ 5/- in Subscribers Per month Q4 FY22 • Enhanced High Speed Broadband Service offering u
Slide 15: Inherent Strengths
Inherent Strengths Preferred Partner Pioneer Offerings • 31,500+ Business Partners • Combined Offerings - CATV + OTT • 200+ Broadcasters • Multi-lingual packages • Business App in Vernacular • 1,500+ Enterprise Clientele Languages • 25+ Government Projects • New-Age Digital Payment Options 4 1 Tech
Slide 16: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Technology Partners Headend: • Mother Headend & Network Operating Centre (NOC) in Headend Ahmedabad, Gujarat STBs & • 2nd Headend in Kolkata, West Bengal Modems • Distributing 760+ cha
Slide 17: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Anirudhsinh Jadeja Zealous entrepreneur with 3 decades of leadership in cable operations; carving success story of GTPL since 2006. He has Promoter and MD been awarded with numerous industry/social awards and has accomplished many firsts in the in
Slide 18: Growth Opportunities
Growth Opportunities Combo Offerings Expansion • Expand Footprint in Existing Markets • Bundled services of Cable TV & OTT; Launched in FY22 • Venture into New Markets through acquisition and consolidation • Broadband bundling with OTT • Up-sell current customers & add new customers Growth Opportuni
Slide 19: Awards & Recognitions
Awards & Recognitions 18
Slide 20: Asia-Pacific High Growth Companies
Asia-Pacific High Growth Companies Amongst “Asia-Pacific # High-Growth Companies, 2022” Ranked #374 # based on Revenue of past 3 years Ranked #9 # 9th in Media sector in Asia Pacific 19
Slide 21: India's Growth Champions
India’s Growth Champions Amongst “India’s Growth # Champions, 2022” Ranked #76 # based on Revenue of past 3 years Ranked #9 # Companies with Revenue of ₹ 500 Cr & above 20
Slide 22: India's Top Companies
India’s Top 500 Companies India’s GTPL Hathway Ltd. Top 500 Companies GTPL GTPL Kolkata Cable India’s Top 500 Broadband Pariseva Ltd. Mid-Corporates GTPL Broadband India’s Pvt. Ltd. Top 500 SMEs 21
Slide 23: Key KPIs
Key KPIs 22
Slide 24: Cable TV Business: Annual: Consolidated
Cable TV Business : Annual : Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.40 7.80 7.50 7.50 8.00 8.00 7.00 7.90 6.80 7.40 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 # Active Subscribers increased by 400K in FY22 #Paying Subscribers increased by 300K in FY22 * FY = Apr-Mar
Slide 25: Cable TV Business: Quarterly: Consolidated
Cable TV Business : Quarterly : Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 8.40 7.80 8.20 8.05 7.50 7.50 8.00 8.00 7.30 7.35 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 # Active Subscribers increased by 200K in Q4 FY22 #Paying Subscribers incre
Slide 26: Broadband Business: Annual
Broadband Business : Annual* Home-pass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 4.70 480 816 445 450 3.87 422 413 3.33 635 2.42 405 1.30 325 280 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 # 830K New Home-Pass in FY22 # ACB increased by 181K (29%) in FY2
Slide 27: Broadband Business: Quarterly
Broadband Business : Quarterly* Home-pass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 816 4.70 445 445 450 765 440 440 4.40 735 4.20 4.10 690 3.87 635 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 # 300K New Home-P
Slide 28: Consolidated Financials
Consolidated Financials 27
Slide 29: Financial Highlights: Consolidated
Financial Highlights : Consolidated Total Revenue up by 12% Annually; 4% Y-o-Y; 2% Q-o-Q 1 Revenue ISP Revenue up by 46% Annually; 34% Y-o-Y; 4% Q-o-Q EBITDA of ₹ 5,677 Mn in FY22; ₹ 1,400 Mn in Q4 FY22 2 EBITDA Up by ₹ 222 Mn (4%) Annually EBITDA Margin stands at 23.5% in FY22 3 Finance Cost Financ
Slide 30: Key Financial Parameters: Annual Trends
Key Financial Parameters : Annual Trends In ₹ Mn Total Revenue EBITDA PAT 24,154 5,677 5,455 2,006 21,484 1,885 4,561 17,725 3,615 3,175 12,892 11,134 2,404 9,417 770 614 400 191 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 * FY = Apr-Mar Note : Numbers a
Slide 31: Key Business Parameters: Annual Trends
Key Business Parameters : Annual Trends In ₹ Mn Subscription Revenue ISP Revenue 4,075 10,712 10,753 10,308 2,792 7,332 5,799 4,494 1,674 1,425 1,442 1,289 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 * FY = Apr-Mar 30
Slide 32: Financial Performance Trend: Consolidated (Ex EPC)
Financial Performance Trend: Consolidated* (Ex EPC) In ₹ Mn Total Revenue EBITDA Quarterly 1,423 1,472 1,400 5,991 6,110 6,209 + 2% - 5% + 4% - 2% Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 24,154 Annually 5,455 5,677 21,484 + 12% + 4% FY21 FY22 FY21 FY22 * FY = Apr-Mar, Q1 = Apr-Jun, Q2 = Jul-
Slide 33: Business Performance Trend: Consolidated (Ex EPC)
Business Performance Trend: Consolidated* (Ex EPC) In ₹ Mn Subscription Revenue ISP Revenue Quarterly 2,665 2,702 2,695 1,054 1,098 817 - 0.2% + 4% + 1% + 34% Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 10,712 10,753 Annually 4,075 2,792 + 0.4% + 46% FY21 FY22 FY21 FY22 * FY = Apr-Mar, Q1 = Apr-
Slide 34: Profit & Loss Statement: Consolidated: Annual
Profit & Loss Statement: Consolidated : Annual In ₹ Mn FY22 FY21 FY22 FY22 FY21 FY21 Y-o-Y% Particulars EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Contract Contract Revenue Subscription CATV 10,753 - 10,753 10,712 - 10,712 0.4% Revenue from EPC contract - 412 412 - 3,815 3,815 - Broadband ISP 4,0
Slide 35: Profit & Loss Statement: Consolidated: Q-o-Q
Profit & Loss Statement: Consolidated : Q-o-Q In ₹ Mn Q4 FY22 Q3 FY22 Q4 FY21 Q4 FY22 Q4 FY22 Q3 FY22 Q3 FY22 Q-o-Q% Q4 FY21 Q4 FY21 Y-o-Y% Particulars EPC EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Ex. EPC Total (Ex. EPC) Contract Contract Contract Revenue Subscription CATV 2,695 - 2,695 2,702 -
Slide 36: Balance Sheet: Consolidated
Balance Sheet: Consolidated In ₹ Mn As on 31st As on 31st As on 31st As on 31st Liabilities Assets Mar 2022 Mar 2021 Mar 2022 Mar 2021 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 15,992 14,642 Other Equity 10,131 8,402 Financial Assets Total Equity 11,256 9,527 Investment
Slide 37: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* In ₹ Mn Net Worth Gross Debt Net Debt Net 10,319 3,452 Debt-free 3,279 2,064 1,958 8,801 7,283 6,577 6,648 1,279 2,158 1,463 1,057 (108) (171) FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 * FY = Apr-Mar 36
Slide 38: Standalone Financials
Standalone Financials 37
Slide 39: Financial Highlights: Standalone (Ex. EPC)
Financial Highlights : Standalone (Ex. EPC) Total Revenue up by 7% Annually 1 Revenue Subscription Revenue up by 2% Y-o-Y EBITDA of ₹ 3,268 Mn in FY22; ₹ 843 Mn in Q4 FY22 2 EBITDA EBITDA Margin stands at 21.4% in FY22 3 Finance Cost Finance Cost down by 37% Annually; 54% Y-o-Y & 63% Q-o-Q PAT (Incl
Slide 40: Profit & Loss Statement: Standalone: Annual
Profit & Loss Statement: Standalone : Annual In ₹ Mn FY22 FY21 FY22 FY22 FY21 FY21 Y-o-Y% Particulars EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Contract Contract Revenue Subscription CATV 7,488 - 7,488 7,397 - 7,397 1% Revenue from EPC contract - 412 412 - 3,815 3,815 - Placement / Carriage / Ma
Slide 41: Profit & Loss Statement: Standalone: Q-o-Q
Profit & Loss Statement: Standalone : Q-o-Q In ₹ Mn Q4 FY22 Q3 FY22 Q4 FY21 Q4 FY22 Q4 FY22 Q3 FY22 Q3 FY22 Q-o-Q% Q4 FY21 Q4 FY21 Y-o-Y% Particulars EPC EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Ex. EPC Total (Ex. EPC) Contract Contract Contract Revenue Subscription CATV 1,887 - 1,887 1,878 - 1
Slide 42: Balance Sheet: Standalone
Balance Sheet: Standalone In ₹ Mn As on 31st As on 31st As on 31st As on 31st Liabilities Assets Mar 2022 Mar 2021 Mar 2022 Mar 2021 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 6,631 6,468 Other Equity 7,331 6,401 Financial Assets Total Equity 8,456 7,526 Investments 2,02
Slide 43: Investor Conference Call Details
Investor Conference Call Details 42
Slide 44: 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 45: Contact details
Mr. Piyush Pankaj Mr. Bhavin Soni Business Head - Cable TV & Mr. Nachiket Kale Chief Strategy Officer +91 98113 21102 +91 98335 37225 +91 99209 40808 bhavin.soni@linkintime.co.in piyush.pankaj@gtpl.net nachiket.kale@linkintime.co.in 44