Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q1 FY20 Earnings Presentation
31 slides from Gtpl Hathway's earnings presentation, Jul 10, 2019
Slide 1: GTPL Hathway Limited
GTPL Hathway Limited (Former Name: GTPL Hathway Private Limited) GIN : L64204GJ2006PLC048908 Registered Office : 202, 2nd Floor, Sahajanand Shopping Centre, Opp. Swaminarayan 'remple, Shahibaug, Ahmedabad-380004, Gujarat. Phone: 079-25626470 Fax: 079-61400007 Ref. No.: GTPL/SE/2019 July 10, 2019 Dep
Slide 2: FY20 Q1 Results Update
FY20 Q1 GTPL Hathway Limited RESULTS UPDATE JULY 2019
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 10 2 Key KPIs 11 - 15 3 Consolidated Financials 16 - 22 4 Standalone Financials 23 - 27
Slide 4: Company Overview & Strategy
Company Overview & Strategy
Slide 5: Leader across Key Cable Markets in India
Leader across Key Cable Markets in India • No 1 in CATV • 67% market Present in 500+ towns KEY HIGHLIGHTS (as of 30-Jun-19) share across 10 states • 4.4 Mn STB Seeded Set-Top Boxes Seeded 9.70 Mn • Significant Private Wired- Active Subscribers1 7.65 Mn Broadband Provider Paying Subscribers 7.10 Mn H
Slide 6: Key Inherent Strength of GTPL Hathway
Key Inherent Strength of GTPL Hathway • 90% CATV Subscribers in Hindi Speaking Consumption Market in Operating Markets Leadership Position • #1 MSO in Gujarat, #2 in WB Market Located in • Gujarat, Maharashtra, WB key markets for • Significant Presence in Rest of National and Regional Advertiser Mah
Slide 7: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Well positioned to expand reach into different geographies Optic Fibre Cable Network GPON Technology Mother Headend Gujarat Mother Headend& Network Operating Centre Main Headend capabl
Slide 8: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Aniruddhasinhji Jadeja A zealous entrepreneur; started with cable operations in 90s and shaped GTPL in 2006; has many Promoter and MD accomplishments to his credit and has won numerous industry/social awards Viren Thakkar CA and ICWA with 28 years
Slide 9: Growth Opportunities
Growth Opportunities ➢ Successful implementation of New Tariff Order (NTO) across India has opened up avenues for expansion in existing markets & lifted entry barriers in untapped markets. ➢ Increase footprints in existing market through expansion and venture into new markets through acquisitions an
Slide 10: Growth Opportunities
Growth Opportunities ✓ Bagged Work Order for ₹ 1,246 Crores for implementation of BharatNet Phase II project in Gujarat (Package B, Saurashtra), under Gujarat Fibre Grid Network Limited (GFGNL) ✓ Polycab Wires Pvt. Ltd. as Consortium Partner ✓ EPC (Engineering, Procurement & Construction) based Proj
Slide 11: New Tariff Order
New Tariff Order TRAI ✓ Successfully implemented New Tariff Order (NTO) across India and migrated Regulations all subscribers to New Packages. ✓ GTPL Recommended package offered Consumer ✓ First in MSO industry to offer versatile language-wise regional packages Choice ✓ True A-La-Carte : Subscriber
Slide 12: Key KPIs
| Key KPls
Slide 13: Performance KPIs
Performance KPIs Seeded 200K STBs during Q1 FY20 Gross Debt stands at ₹ 3,167 Mn as on 30-Jun-19 against ₹ 3,452 Mn as on 31-Mar-19 Net Debt stands at ₹ 2,361 Mn as at 30-Jun-19 against ₹ 2,064 Mn as at 31-Mar-19 Added 0.24 Mn new Home Pass during Q1 FY20 Net Addition of 15K net subscribers during Q
Slide 14: KEY KPIs: CATV Business: Quarterly: Consolidated
KEY KPIs : CATV Business : Quarterly : Consolidated* STBs Seeded (Mn) Active STBs (Mn) Paying Subs (Mn) NTO & Auto-dunning Effect in Q4 FY19 9.70 8.00 7.90# 7.80 7.65# 9.50 9.50 7.60 7.45 7.11 7.28 7.10 6.80 9.20 8.90 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q1
Slide 15: KEY KPIs: CATV Business Phase wise: Consolidated
KEY KPIs : CATV Business Phase wise : Consolidated* Phase-wise Seeded STBs (Mn) Q1 FY20 Phase-wise Paying Subs (Mn) Q1 FY20 3.58 2.61 3.00 2.29 2.26 1.44 0.75 0.86 Phase I Phase II Phase III Phase IV Phase I Phase II Phase III Phase IV 14 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan
Slide 16: KEY KPIs: Broadband Business: Quarterly
KEY KPIs : Broadband Business : Quarterly HOME PASS (Mn) SUBSCRIBER (‘000) ARPU (₹) (NET OF TAXES) 2.66 340 465 450 2.42 430 2.15 325 420 413 1.80 315 1.53 304 290 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 15 * FY = Apr- M
Slide 17: Consolidated Financials
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Slide 18: Financial Highlights: Consolidated Q1 FY20
Financial Highlights : Consolidated Q1 FY20 * Total Revenue up by 12% Q-o-Q; 29% Y-o-Y 1 Revenue Subscription Revenue up by 19% Q-o-Q; 47% Y-o-Y Admin Exp. down by 35% Q-o-Q; up by 18% Y-o-Y 2 Expenses Finance cost Up by 4% Q-o-Q; down by 26% Y-o-Y EBITDA of ₹ 1,103 Mn in Q1 FY20 3 EBITDA Up by ₹ 67
Slide 19: Consolidated Financial Performance Q1 FY20
Consolidated Financial Performance Q1 FY20* Total Revenue (Mn) EBITDA (Mn) 3,911 1,103 3,488 1,036 3,036 837 Q1 FY19 Q4 FY19 Q1 FY20 Q1 FY19 Q4 FY19 Q1 FY20 18 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar Note : Financial figures are excluding EPC contract for Q1 FY20
Slide 20: Consolidated Financial Performance Q1 FY20
Consolidated Financial Performance Q1 FY20* Q1 FY20 Q1 FY19 1% 2% 1% 2% 6% 8% Subscription CATV Broadband ISP 18% Placement 22% Activation 55% 63% Other Operating Income 10% Other Income 12% Subscription Revenue Trend (In ₹ Mn) Broadband Revenue Trend (In ₹ Mn) 393 2,472 359 364 2,083 1,680 Q1 FY19
Slide 21: Consolidated EBITDA Bridge Q1 FY20
Consolidated EBITDA Bridge Q1 FY20 * In ₹ Mn * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar Note : Financial figures are excluding EPC contract for Q1 FY20
Slide 22: Consolidated Financials Q1 FY20 (IND AS)
Consolidated Financials Q1 FY 20 (IND AS) * Q1 FY20 Q1 FY20 Q1 FY20 Q-o-Q% Y-o-Y% In ₹ Mn Particulars Ex. EPC EPC Q4 FY19 Q1 FY19 FY19 Total (Ex. EPC) (Ex. EPC) Contract Contract Revenue Subscription CATV 2,472 - 2,472 2,083 19% 1,680 47% 7,332 Revenue from EPC contract - 620 620 - 0% - 0% - Broadba
Slide 23: Break-up of Finance Cost: Consolidated
Break-up of Finance Cost : Consolidated * In ₹ Mn Quarterly Annual Finance Cost Q1 FY20 Q4 FY19 Q1 FY19 FY19 Interest Expense 98 77 58 273 (Gain) / Loss On Foreign Currency 0 25 99 175 Others 18 10 0 66 Total 117 112 157 514 22 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar Note :
Slide 24: Standalone Financials
Standalone Financials
Slide 25: Financial Highlights: Standalone Q1 FY20
Financial Highlights : Standalone Q1 FY20 * Total Revenue up by 10% Q-o-Q; 27% Y-o-Y 1 Revenue Subscription Revenue up by 8% Q-o-Q; 45% Y-o-Y Admin Exp. down by 42% Q-o-Q; 2% Y-o-Y 2 Expenses Finance cost down by 4% Q-o-Q; 39% Y-o-Y EBITDA of ₹ 745 Mn in Q1 FY20 3 EBITDA Up by ₹ 178 Mn Y-o-Y EBITDA
Slide 26: Standalone Financials (IND AS)
Standalone Financials (IND AS) * Q1 FY20 Q1 FY20 Q1 FY20 Q-o-Q% Y-o-Y% In ₹ Mn Particulars Q4 FY19 Q1 FY19 FY19 Ex. EPC EPC Total (Ex. EPC) (Ex. EPC) Revenue Subscription CATV 1,631 - 1,631 1,504 8% 1,128 45% 4,942 Revenue from EPC contract - 620 620 - 0% - 0% - Placement 668 - 668 479 39% 608 10% 2
Slide 27: Trend: Standalone Financial Performance
Trend : Standalone Financial Performance* Total Revenue (In ₹ Mn) EBIDTA (In ₹ Mn) 2,538 796 2,304 745 1,991 567 Q1 FY19 Q4 FY19 Q1 FY20 Q1 FY19 Q4 FY19 Q1 FY20 26 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar Note : Financial figures are excluding EPC contract for Q1 FY20
Slide 28: Break-up of Finance Cost: Standalone
Break-up of Finance Cost : Standalone In ₹ Mn Quarterly Annual Finance Cost Q1 FY20 Q4 FY19 Q1 FY19 FY19 Interest Expense 66 55 44 203 (Gain) / Loss On Foreign Currency 0 19 87 143 Others 14 9 0 46 Total 80 84 131 392 27 * FY = Apr- Mar, Q1 =Apr-Jun, Q2= Jul-Sep, Q3=Oct-Dec, Q4=Jan-Mar Note : Financ
Slide 29: 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 30: Investor Conference Call Details
Investor Conference Call Details 29
Slide 31: Thank You
Mr. Piyush Pankaj Head - Video Business & Chief Strategy Officer Email: piyush.pankaj@gtpl.net Mr. Mitul Bhagat IR Consultant Contact: +91 88982 14083 Email: mitul.bhagat@dickensonir.com THANK YOU