Siti Networks Limited · NSE:SITINET
Siti Networks — Q1 FY2020 Earnings Presentation
21 slides from Siti Networks's earnings presentation
Slide 1: SITI Networks Limited Q1FY20 Investor Presentation
SITI Networks Limited Q1FY20 Investor Presentation Formerly known as SITI Cable Network Limited BSE : 532795 | NSE : SITINET | Bloomberg : SCNL:IN | Reuters : SITI.NS www.sitinetworks.com SITI Networks Limited – Confidential 1
Slide 2: Disclaimer
Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions ,expectations, estimates, objectives and projections of the directors and management of SITI Networks Limited (SITI Networks) about its business and the indust
Slide 3: SITI Networks Declares Strong Q1FY20 Results
SITI Networks Declares Strong Q1FY20 Results • Operating EBITDA leaps 1.5x y-o-y to Rs.841 Mn • Operating EBITDA Margins jumps 1.3x y-o-y to 21.4% • Subscription Revenue surges 36.4% y-o-y & 29% q-o-q to Rs.2,932 Mn • Total Revenue1 rises 19.6% y-o-y to Rs.3,925 Mn • Digital Subscriber ARPU leaps 2x
Slide 4: Industry Overview
Industry Overview sit NETWORKS
Slide 5: India C&S Market Overview
India C &S Market Overview TV Households are Growing Faster than the Universe 2016 2018 1% Terrestrial 10% Analog Cable 44% Digital Cable Total HH 286 Mn 297 Mn 13% Free Dish 197 Mn TV Households TV HH 183 Mn 197 Mn 31% Paid DTH Penetration of TV HH has gone up Cable (Digital + Analog) controls from
Slide 6: TV Homes Penetration
TV Homes Penetration Maximum Growth in East & South India | Small Towns & Rural are key drivers of Growth # Growth in TV Penetration # TV Owning HH (Millions) – Major Contributors 21% North East 24% Bihar / Jharkhand 12% Odisha 11% AP/Telangana 9% Karnataka Most Growth in TV Penetration in DAS Phase
Slide 7: Well Positioned to Benefit from Tariff Order
SITI Networks 06 01 Well Positioned to Benefit from Tariff Order Increase Consumer dependence ARPU’s to rise • Subscribers pay Phase neutral Minimum Rental of on systems / processes INR130 for 100 FTA SD channels; Can take additional FTA channels in bundles of 25 channels for INR20 each Subscription
Slide 8: Company Overview
Company Overview sit NETWORKS
Slide 9: India's Leading Digital TV Network
• India’s Leading Digital TV Network • Present in 21+ States & UT across India • Footprint across 580+ locations • Delivering content to consumers 24/7 9
Slide 10: SITI Networks: India's Leading Digital TV Network
SITI Networks India’s Leading Digital TV Network 1st MSO launched in 1st MSO to give CRM 1st MSO listed on Stock 1st MSO to launch local Nation-wide India tool to Partners Exchange channels Distribution 24,000+ strong 01 Launched in 1994 02 OYC tool customer offered to LCOs 03 SITINET listed on NSE
Slide 11: Happy Households across the country by DAS Phase
SITI Networks 8 Mn Happy Households across the country DAS Phase 1 1 1.24 Mn DAS Phase 2 2 1.02 Mn DAS Phase 3 3 2.27 Mn DAS Phase 4 4 3.47 Mn All metrics as of 30th Jun 2019
Slide 12: Present across 580+ locations
SITI Networks Present across 580+ locations Punjab Uttaranchal Haryana Uttar Pradesh Bihar Delhi Assam Nagaland Rajasthan Meghalaya Gujarat Jharkhand Madhya Pradesh West Bengal Maharashtra Odisha Chhattisgarh Karnataka Telangana Andhra Pradesh Kerala
Slide 13: Competitive Advantage
SITI Networks Competitive Advantage 01 02 03 04 05 India’s largest MSO Using latest MPEG4 OYC Subscriber In discussion with Robust corporate STBs Management System various service governance & Presence across 580 providers for creating compliance locations Broadband through Conax CAS value adds for
Slide 14: Promoter Group
Promoter Group Corporate Structure • Launched in 1926, the Parent Group (“Essel Group”) completed 90 years recently; One of India's leading business houses, with a dominant vertically integrated presence in Media and entertainment • Leading producer, aggregator and distributor of Indian programming
Slide 15: Sizeable Free Float & Institutional Ownership
SITI Networks Sizeable Free Float & Institutional Ownership 1.9% 3.9% Mutual Funds Others Key Investors 9.5% 65.7% Promoters Individuals 12% Foreign FII’s Institutions 7.1% Shareholding Pattern Indian Companies 872 Mn Shares Domestic Institutions As of 30th Aug 2019 Others include HUF, Clearing Memb
Slide 16: Technology Infrastructure
Technology Infrastructure Video & Broadband • 10 Digital Headends; Intra-city OFC and Coax Network of ~33,000 Kms covering ~ 580 locations • Transport of Digital CATV signals on 1.2 Gbps links across the country; ~350 IP Points • Hybrid (DOCSIS+ GPON) Technology to offer Cable Broadband services Dig
Slide 17: Financials & Operating Metrics
Financials & Operating Metrics 17
Slide 18: Exceeded Expectation on Q1 FY20 Key Financial Metrics
Exceeded Expectation on Q1 FY20 Key Financial Metrices Key Performance Indicators Vs Q1 FY19 Subscription revenue for Q1 FY20 at Rs ~36.4% increase in Q1 FY 20 2,932 mn (2,932mn vs 2,149 mn) Operational expenses for Q1 FY20 at Rs Expenses up by 12.8% in Q1 3,084 mn FY20 (3,084 mn vs 2,733 mn) EBITDA
Slide 19: Q1 FY20 Robust Performance
Q1 FY20 Robust Performance # 1.5x y-o-y Jump in Operating EBITDA # 36.4% Y-o-Y & 29% Q-o-Q rise in Subs. Revenue # 19.6% Y-o-Y Jump in Total Revenue1 • Q1 FY20 Consolidated Revenues at Rs. 3,946 Mn • Operating EBITDA Margins expanded 1.3x Y-o-Y to 21.4% All Numbers in Rs. Mn unless mentioned other-w
Slide 20: Q1 FY20: Broadband Business
Q1 FY20 : Broadband Business Stable performance # ARPU has been relatively stable (INR) # Average Speed per Customer is steady (MBPS) # Average Data Consumption has increased (GB/sub/month) • Net Broadband base at 1.53 Lakhs • Blended Broadband ARPU was steady at Rs.478 • ~29% of the DOCSIS base cur
Slide 21: Thank You
Thank You Investor Relations, SITI Networks Limited investorrelations@siti.esselgroup.com