Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q2 & H1 FY25 Earnings Presentation
34 slides from Gtpl Hathway's earnings presentation, Oct 9, 2024
Slide 1: Intimation of Investor Presentation to Stock Exchanges
Ref. No.: GTPL/SE/2024 October 09, 2024 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 & H1 FY25 Results Update
GTPL Hathway Limited Q2 & H1 FY25 Results Update
Slide 3: Table of Contents
Table of Contents 01 Company Overview 3 02 Industry Dynamics & Growth Strategy 11 03 Key KPIs 16 04 Consolidated Financials 21 05 Standalone Financials 26 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 Subscriber Cash Consistent Base Growth Positive Net worth Performance Dividend • ~1.6x growth in • CAGR Growth • Free Cash Flow • Net worth • PAT Positive for o Consistent last 7 years for over last 7 years (FCF) generated increased by 3x in last 6 years Divide
Slide 7: Enhanced Infrastructure
Enhanced Infrastructure Headend Infra NOC Infra • Mother Headend in Ahmedabad, Gujarat Network Operating Centre (NOC) in • 2nd Headend in Kolkata, West Ahmedabad, Gujarat forms the Bengal backbone of operations ensuring • Distributing 940+ channels smooth delivery of services to including 97+HD chan
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 • GTPL Genie+ : Aggregation of OTT Apps for • Strategic partnerships with industry • 43,000+ Business Partners Digital Cable TV & Broadband customers leaders like Oracle, Nokia, Aprecomm, • 200+ Broadcasters • GTPL
Slide 10: Customer Application “GTPL Buzz” and revamped GTPL Website
Customer Application “GTPL Buzz” and revamped GTPL Website We launched our new customer application “GTPL Buzz” developed by Affle India Ltd., featuring a new and easy to navigate design and providing a direct touch point for our customers. GTPL Buzz is available for Android and iOS Mobile devices.
Slide 11: Customer Application “GTPL Buzz” and revamped GTPL Website
Customer Application “GTPL Buzz” and revamped GTPL Website • Blacknut Cloud Games – Available on GTPL Buzz & Website • Subscription-based access to 500+ Games including AAA games • Games can be played on multiple devices with multiple profiles • GIVA – GTPL’s AI Bot – Available on GTPL Buzz & Websit
Slide 12: Industry Dynamics & Growth Strategy
Industry Dynamics & Growth Strategy 11
Slide 13: 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 – 9.5 Mn GTPL Hathway’s Wireline Broadband Subscribers – 1.0+ Mn Number of fixed broadband subscriptions per 100 3
Slide 14: Strategies to Enhance Cable TV Business
Strategies to Enhance Cable TV Business • ~40 Mn Cable TV Households catered by unorganized and small MSOs INORGANIC ACQUISITIONS • Opportunities to add and consolidate smaller/regional players • Distribution of Content (Broadcasting & OTT) to be available through GTPL CONTENT AVAILABILITY • Availab
Slide 15: 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 16: GTPL : Investment Thesis
GTPL : Investment Thesis Broadband Poised For High Growth Broadband subscribers have grown by CAGR of 18% over FY 20- 24 and thus presents immense scope for growth. Broadband subscribers has already crossed a million mark and growth will be further accentuated by adopting B2B model. 03 Favourable Ca
Slide 17: Key Performance Indicators
Key Performance Indicators 16
Slide 18: Cable TV Business Performance
Cable TV Business Performance Increased Active Subscribers by 100K Y-o-Y 9.50Mn 8.80Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 100K Y-o-Y 43K+ 80%+ Entered 4 new states in FY24 – Delhi, Haryana, Himachal Business Partners Digital Collection Pradesh and Uttarakhand Expanding a
Slide 19: Cable TV Business: Consolidated
Cable TV Business: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 9.50 9.60 9.50 8.80 8.90 8.80 9.40 9.40 8.70 8.70 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 # Active Subscribers increased by 100K Y-o-Y # Active Subscribers increased by 100K Y-o-Y * F
Slide 20: Broadband Business Performance
Broadband Business Performance Increase of 50K (5%) Subscribers Y-o-Y 1040K 5.95Mn Active Subscribers Home-pass ARPU of ₹ 460 as of September 24; remained constant 350GB 4% Enhanced High Speed Broadband Service offering up to Average Data Y-o-Y Revenue 200 Mbps coupled with Truly Unlimited Data cons
Slide 21: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.95 1,020 1,030 1,040 460 460 460 460 460 5.90 990 1,005 5.80 5.55 5.60 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 # Homepass
Slide 22: Consolidated Financials
Consolidated Financials 21
Slide 23: Financial Highlights : Consolidated
Financial Highlights : Consolidated Total Revenue up by 9% Y-o-Y 1 Revenue ISP Revenue up by 4% Y-o-Y EBITDA of ₹ 1,138 Mn in Q2 FY25 2 EBITDA EBITDA Margin stands at 13.2% in Q2 FY25 3 PBT PBT of ₹ 173 Mn in Q2 FY25 4 PAT PAT of ₹ 129 Mn in Q2 FY25 * FY = Apr-Mar, Q1 = Apr-Jun, Q2 = Jul-Sep, Q3 = O
Slide 24: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn Particulars Q2 FY25 Q1 FY25 Q-o-Q% Q2 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 3,129 3,193 -2% 3,226 -3% 12,604 Broadband ISP 1,367 1,348 1% 1,317 4% 5,268 Placement / Carriage / Marketing Incentive 3,793 3,549 7% 2,967 28% 12,677 Project Inco
Slide 25: Analysis on Operating Margin : Consolidated
Analysis on Operating Margin : Consolidated * In ₹ Mn Particulars Q2 FY25 Q1 FY25 Q-o-Q% Q2 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 3,129 3,193 -2% 3,226 -3% 12,604 Broadband ISP 1,367 1,348 1% 1,317 4% 5,268 Other Operating Income 224 301 -26% 243 -8% 985 Total Income 4,720 4,842 -3% 4,78
Slide 26: Balance Sheet: Consolidated
Balance Sheet: Consolidated * In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2024 Mar 2024 Sep 2024 Mar 2024 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 21,233 21,177 Other Equity 11,614 11,742 Financial Assets Total Equity 12,739 12,867 Invest
Slide 27: Standalone Financials
Standalone Financials 26
Slide 28: Financial Highlights : Standalone
Financial Highlights : Standalone 1 Revenue Total Revenue up by 6% Y-o-Y EBITDA of ₹ 651 Mn in Q2 FY25 2 EBITDA EBITDA Margin stands at 11.9% in Q2 FY25 3 PBT PBT of ₹ 189 Mn in Q2 FY25 4 PAT PAT of ₹ 141 Mn in Q2 FY25 * FY = Apr-Mar, Q1 = Apr-Jun, Q2 = Jul-Sep, Q3 = Oct-Dec, Q4 = Jan-Mar 27
Slide 29: Profit & Loss Statement : Standalone
Profit & Loss Statement : Standalone In ₹ Mn Particulars Q2 FY25 Q1 FY25 Q-o-Q% Q2 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 2,207 2,249 -2% 2,237 -1% 8,886 Placement / Carriage / Marketing Incentive 2,881 2,726 6% 2,445 18% 10,069 Activation 16 24 -35% 28 -43% 110 Other Operating Income 287
Slide 30: Analysis on Operating Margin : Standalone
Analysis on Operating Margin : Standalone * In ₹ Mn Particulars Q2 FY25 Q1 FY25 Q-o-Q% Q2 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 2,207 2,249 -2% 2,237 -1% 8,886 Other Operating Income 287 361 -20% 304 -6% 1,221 Total Income 2,494 2,609 -4% 2,541 -2% 10,106 Expenditure Net Pay Channel Cost
Slide 31: Balance Sheet: Standalone
Balance Sheet: Standalone * In ₹ Mn As on 30th As on 31st As on 30th As on 31st Liabilities Assets Sep 2024 Mar 2024 Sep 2024 Mar 2024 Equity Non-Current Assets Equity Share Capital 1,125 1,125 Fixed Assets 8,789 8,747 Other Equity 7,758 7,917 Financial Assets Total Equity 8,883 9,042 Investments 2,
Slide 32: Investor Conference Call Details
Investor Conference Call Details 31
Slide 33: 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 34: Thank You!
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 33