Gtl Infrastructure Ltd · NSE:GTLINFRA
Gtl Infrastructure — Debt Investor Presentation (October 2012)
20 slides from Gtl Infrastructure's debt investor presentation, October 2012
Slide 1: Restructuring of FCCBs
Restructuring of FCCBs Presentation 1
Slide 2: Industry Overview
w |: 5 15) Cy 2 i & Z Industry Overview
Slide 3: Indian Telecom Market Overview
Indian Telecom Market Overview Parameters Current Status* Telecom Subscribers (mn) 939.57 Wireless Subscribers (mn) 908.36 Teledensity (%) 74.71 No. of Circles 23 Net add/Month (mn) 8 Average No. of Operators/Circle 9 Average Minutes of Usage per User# 346 Average Revenue Per User (US$)# 1.72 *As on
Slide 4: Tower Business Fundamentals
Tower Business Fundamentals Tower Companies provide passive infrastructure to Telecom Operators to host their active infrastructure. Annuity driven business model - Stable and growing revenues. Typical contract structure includes an initial term of 10 to 15 years with 5-year renewal period thereafte
Slide 5: Recent Developments In Tower Industry: Threats
Recent Developments In Tower Industry Threats Cancellation of 122 2G licenses by Supreme Court and consequent discontinuation of operations by some operators and reducing the capital expenditure. Levy of property tax on telecom towers by local authorities Fixation of higher reserve price (13 times)
Slide 6: Recent Developments In Tower Industry: Opportunities
Recent Developments In Tower Industry Opportunities New telecom policy providing regulatory certainty to revive capex Consolidation among operators with clear M&A norms to improve viability Spectrum re-farming and the new radiation norms to force Operators to increase their tower foot print (a min o
Slide 7: Introduction to Company
Zz a S ay a i— ia} Q < 5 m Introduction to Company
Slide 8: GTL Infra at a Glance
GTL Infra at a Glance Business Shared Passive Telecom Tower Infrastructure Tower Portfolio 32,562 towers (Consolidated figure as on Sep 30, 2012) Presence Pan-India Tower Presence Employees 311 Customers All major Indian Telecom Operators Awards Won ‘Innovative Infrastructure company of the year’ In
Slide 9: Strengths
Strengths Largest independent telecom tower company in India Comprehensive Pan India coverage Long term service contracts with all the leading service providers in India Significant growth potential – tenancy Strong Promoter Group Best in class Infrastructure and processes Experienced management tea
Slide 10: GTL Infra - Growth Highlights
GTL Infra - Growth Highlights Tower Growth Tenancy Growth Growth Highlights Tenancy on Occupied Towers 1.46 32,562 42,113 All Operators served on Operational Growth 46% 1.17 R- CA G GTL Infrastructure sites 1.08 46% Tower CAGR 12,456 13,221 68% Tenancy CAGR 6,010 4,037 PAN- India presence of towers
Slide 11: Customer Break-up – Q2
Customer Break-up – Q2 Tenancy on Occupied towers is 1.457 Tenancy Tenancy by customer## by customer Airtel Towers 5% BSNL 5% Idea 7% Aircel 51% Rcomm 6% Tata 8% Vodafone 7% Others* 9% Total Total no. no. of of Tenants Tenants 42,113 42,113 # Others Include Unitech, Quippo, S.T.L, Datacom, MTNL etc
Slide 12: Tower Footprint – Metros & Class A Circles
Tower Footprint – Metros & Class A Circles Over 15,000 towers in high ARPU areas of Metros & Class A Circles Delhi 981 Gujarat 1,145 Mumbai, MH &Goa- 3,516 Kolkata 916 Karnataka AP 2,027 1,422 TN 5,930 12
Slide 13: Tower Footprint – Class B & C Circles
Tower Footprint – Class B & C Circles Over 17,000 towers in high growth areas of Class B & C Circles J&K 846 Punjab & HP Haryana- 387 888 Jharkhan Assam UP d & Bihar- 1,603 Rajasthan 2,700 928 3,961 MP 561 North East 682 WB- 1,963 Orissa 1,540 Kerala 566 13
Slide 14: Financial Performance
Financial Performance (in Rs. in Crore) Particulars Q2 FY13 Q2 FY12 Y-o-Y % Revenue 364.51 348.57 4.56 % EBIDTA 192.43 187.42 2.67 % Cash & Cash Equivalents at GIL and CNIL as on September 30, 2012 was Rs. 589.95 cr Note: All the above figures are on consolidated basis i.e. GTL Infrastructure Ltd. a
Slide 15: Major Highlights of CDR
Major Highlights of CDR Particulars Pre CDR Post CDR Loan Amount Rs. 10981 Cr. Rs. 8247 Cr.* Funded Interest Term Loan Nil Rs. 466 Cr. Interest Rate 13.50% 10.75% Moratorium On Interest Nil 18 months Payment Moratorium on Principal Nil 21 months Payment The Promoter’s Contribution towards CDR is Rs.
Slide 16: The Bonds
— INFRASTRUCTURE The Bonds
Slide 17: Terms of the Bonds
Terms of the Bonds Particulars Old bond New Series A New Series B bond bond Issue Offering USD 228.30 million The Value of which shall The Value of which shall outstanding be less than or equal to be less than or equal to USD 112,191,734 USD 208,356,077 Form and USD 100,000 per bond USD 1000 per Bon
Slide 18: The Restructured Offering
The Restructured Offering Particulars Series A Series B bond bond Conversion Price The higher of Rs. 12.64 per Share, provided that the Floor Rs. 10 per Share Price per Share is lower than or equal to and the Floor Price Rs. 12.64 per Share; or Subject to a if the Floor Price per Share is greater th
Slide 19: The Restructured Offering
The Restructured Offering Particulars Series A Series B bond bond Upfront Conversion Option NIL • May be exercised at the option of the holder within 30/60 days from the Date of Issue. • Conversion Price: The higher of Rs. 10 per Share and the SEBI Floor Price Coupon Payment N.A • Six Month LIBOR (L
Slide 20: Thank you
GLZBAL Group Enterprise A INFRASTRUCTURE Thank you
GTL Infrastructure — Debt Investor Presentation (October 2012) on 6ix