Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q1 FY25 Earnings Presentation
32 slides from Gtpl Hathway's earnings presentation, Jul 11, 2024
Slide 1: Intimation of Investor Presentation to Stock Exchanges
Ref. No.: GTPL/SE/2024 July 11, 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: I
Slide 2: GTPL Hathway Limited Q1 FY25 Results Update
GTPL Hathway Limited Q1 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 25 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 subscrib
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* Database Technology Partnerships Security 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 only • CPE- Cons
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 • 42,000+ Business Partners Digital Cable TV & Broadband customers leaders like Oracle, Nokia, Aprecomm, • 200+ Broadcasters • GTPL
Slide 10: Highlights for the Quarter (Q1 FY25)
Highlights for the Quarter (Q1 FY25) • Launched Linear Television services on Samsung Connected TVs through GTPL TVKey Cloud, a joint solution developed in association with NAGRA and Samsung. • An Industry first solution providing a new channel to market and a new mode to access linear television on
Slide 11: Highlights for the Quarter (Q1 FY25)
Highlights for the Quarter (Q1 FY25) • Unveiled enhanced version of its WhatsApp bot, GIVA, integrating advanced conversational AI capabilities. • GIVA offers a one-stop solution for all its offerings with the implementation of an NLP-trained multimodal AI chatbot, enabling seamless self-service, sa
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 RURAL INDIA TO DRIVE INORGANIC ACQUISITIONS CONTENT AVAILABILITY USER FRIENDLY SERVICES GROWTH • ~40 Mn Cable TV Households • Distribution of Content • Online payment mode available • Increasing demand from rural catered by unorganized and (Broadcasting & OTT)
Slide 15: Multiple Growth Levers for Broadband Business
Multiple Growth Levers for Broadband Business Acquiring Customers » Increased Focus on B2B model Factors contributing to growth » Digital and broadband initiatives by Government across India » Tapping rural Gujarat market in the digital push Increasing use of Internet for digital services Necessity
Slide 16: Investment Thesis
Investment Thesis Broadband Poised For High Growth Fixed Broadband covers *12% of total population and thus presents immense scope for growth. Broadband subscribers have grown at a CAGR of 26% from FY20-24 and growth will be further accentuated by adopting B2B model for growth in broadband 03 Favour
Slide 17: Key Performance Indicators
Key Performance Indicators 16
Slide 18: Cable TV Business Performance
Cable TV Business Performance Increased Active Subscribers by 550K Y-o-Y 9.60 Mn 8.90 Mn Active STBs1 Paying Subscribers Increased Paying Subscribers by 600K Y-o-Y 42K+ 80%+ Entered 4 new states in FY24 – Delhi, Haryana, Business Partners Digital Collection Uttarakhand and Himachal Pradesh Expanding
Slide 19: Cable TV Business: Quarterly: Consolidated
Cable TV Business: Quarterly: Consolidated* Active1 Subscribers (Mn) Paying Subscribers (Mn) 9.50 9.60 9.40 9.40 8.80 8.90 9.05 8.70 8.70 8.30 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 # Active Subscribers increased by 100K Q-o-Q # Paying Subscribers increased by 100K Q-o
Slide 20: Broadband Business Performance
Broadband Business Performance Achieved milestone of 1 Mn+ subscriber in FY 24 1030K 5.90 Mn Increase of 70K (7%) Subscribers Y-o-Y Active Subscribers Home-pass ARPU of ₹ 460 as of June 24; remained constant 350GB 4% Enhanced High Speed Broadband Service offering up to Average Data Y-o-Y Revenue 200
Slide 21: Broadband Business: Quarterly
Broadband Business: Quarterly* Homepass (Mn) Active Subscriber’s (‘000) ARPU (₹) (Net of Taxes) 5.90 5.80 1,020 1,030 460 460 460 460 460 990 1,005 5.55 5.60 960 5.40 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 # Homepass in
Slide 22: Consolidated Financials
Consolidated Financials 21
Slide 23: Financial Highlights: Consolidated
Financial Highlights : Consolidated * Total Revenue up by 9% Y-o-Y & 4% Q-o-Q 1 Revenue Subscription Revenue up by 7% Y-o-Y ISP Revenue up by 4% Y-o-Y & 3% Q-o-Q EBITDA of ₹ 1,205 Mn in Q1 FY25; ₹ 1,198 Mn in Q4 FY24 2 EBITDA EBITDA Margin stands at 14.2% in Q1 FY25 3 PBT PBT of ₹ 217 Mn in Q1 FY25
Slide 24: Profit & Loss Statement: Consolidated
Profit & Loss Statement: Consolidated * In ₹ Mn Particulars Q1 FY25 Q4 FY24 Q-o-Q% Q1 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 3,193 3,148 1% 2,981 7% 12,604 Broadband ISP 1,348 1,308 3% 1,292 4% 5,268 Placement / Carriage / Marketing Incentive 3,549 3,349 6% 3,135 13% 12,677 Project Income
Slide 25: Analysis on Operating Margin: Consolidated
Analysis on Operating Margin : Consolidated * In ₹ Mn Particulars Q1 FY25 Q4 FY24 Q-o-Q% Q1 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 3,193 3,148 1% 2,981 7% 12,604 Broadband ISP 1,348 1,308 3% 1,292 4% 5,268 Other Operating Income 301 226 33% 285 6% 985 Total Income 4,842 4,682 3% 4,558 6%
Slide 26: Standalone Financials
Standalone Financials 25
Slide 27: Financial Highlights: Standalone
Financial Highlights : Standalone * Total Revenue up by 6% Y-o-Y & 5% Q-o-Q 1 Revenue Subscription Revenue up by 3% Y-o-Y & 2% Q-o-Q EBITDA of ₹ 690 Mn in Q1 FY25; ₹ 668 Mn in Q4 FY24 2 EBITDA EBITDA up by ₹ 23 Mn (+3% Q-o-Q) EBITDA Margin stands at 12.7% in Q1 FY25 4 PAT PAT of ₹ 150 Mn in Q1 FY25;
Slide 28: Profit & Loss Statement: Standalone
Profit & Loss Statement : Standalone * In ₹ Mn Particulars Q1 FY25 Q4 FY24 Q-o-Q% Q1 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 2,249 2,212 2% 2,185 3% 8,886 Placement / Carriage / Marketing Incentive 2,726 2,588 5% 2,493 9% 10,069 Activation 24 19 26% 39 -39% 110 Other Operating Income 361 2
Slide 29: Analysis on Operating Margin: Standalone
Analysis on Operating Margin : Standalone * In ₹ Mn Particulars Q1 FY25 Q4 FY24 Q-o-Q% Q1 FY24 Y-o-Y% FY24 Revenue Subscription Income CATV 2,249 2,212 2% 2,185 3% 8,886 Other Operating Income 361 271 33% 347 4% 1,221 Total Income 2,609 2,483 5% 2,532 3% 10,106 Expenditure Net Pay Channel Cost 808 7
Slide 30: Investor Conference Call Details
Investor Conference Call Details 29
Slide 31: 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 32: Thank You! Contact Details
Contact Details Thank Mr. Piyush Pankaj Mr. Irfan Raeen Business Head - Cable TV & 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 31