Den Networks Limited · NSE:DEN
Den Networks — Q1 FY20 Earnings Presentation
23 slides from Den Networks's earnings presentation, Jul 11, 2019
Slide 1: Cover letter to stock exchanges on investors' presentation
fÊtD- UËY Date: - July 11, 2019 The Corporate Relationship Department The Corporate Relationship Department The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No, C/l, G-Block, l5th Floor, Phiroze JeeJeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai-400 001 Bandra (
Slide 2: DEN Networks Limited Investor Update Q1 FY19-20
DEN Networks Limited Investor Update Q1 FY19-20 11 July’19
Slide 3: Disclaimer
Disclaimer The information in the presentation may contain “forward-looking statements” which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding DEN’s future results of operations, financial condition or business prospects as well
Slide 4: Index
Index S. No Particulars 1. Business Overview 2. Financial Highlights 3. Cable TV - Industry Updates 4. Cable TV- Financial Highlights 5. Broadband- Financial Highlights 6. Consolidated- Financials Highlights
Slide 5: Business Overview
Business Overview
Slide 6: Business Overview
Business Overview Investor Update Q1 FY19-20 5
Slide 7: Business Overview
Business Overview Cable Business Incorporated in 2007 and headquartered in New Delhi, Den Networks is a leading Cable TV Distribution company in the country with a wide gamut of services including Cable TV and Broadband. 13 500+ DEN’s Cable & Broadband operations covers over 500+ cities/towns ac
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Financial Highlights: Q1FY20
Financial Highlights: Q1FY20 Consolidated Subscription at Consolidated Revenue at Consolidated EBITDA at Rs. 189 Cr Rs.313 Cr Rs.41 Cr Growth Growth Growth Q1FY20 vs Q4FY19: 7% Q1FY20 vs Q4FY19: 14% Q1FY20 vs Q4FY19: 10% Q1FY20 vs Q1FY19: 2% Q1FY20 vs Q1FY19: (0.3%) Q1FY20 vs Q1FY19: (11%) Investor
Slide 10: Consolidated (Cable & BB) P&L: Quarterly Summary
Consolidated (Cable & BB) P&L : Quarterly Summary INR Crore Cable Broadband Consolidated Subscription Revenue 1Q'20 171 18 189 4Q'19 159 17 176 1Q'19 170 16 186 Revenues 1Q'20 295 18 313 4Q'19 257 18 275 1Q'19 299 16 314 EBITDA 1Q'20 41 1 41 (Before exceptional Items) 4Q'19 37 1 38 1Q'19 48 (1) 47 P
Slide 11: Cable TV-Industry Updates
Cable TV-Industry Updates
Slide 12: Linear television consumption growth
Linear television consumption growth Growth of Linear television by 67% from 600 billion in 2015 to 1 Trillion man minutes in 2019. 67 % Increase TV is the biggest medium with daily-tune ins of 613 million. The video consumption on TV has increased to 3 hours 53 minutes in 2019 from 3 hours 7
Slide 13: TV penetration on the rise
TV penetration on the rise 2016 2018 TV homes has increased across all state groups TV Penetration has increased to 66% in 2018 as compared to 64% in 2016 and still has significant headroom for growth. TV viewership continues to increase across age group with a 22 percent average growth rate i
Slide 14: Small towns and rural areas are key drivers of growth
Small towns and rural areas are key drivers of growth. BARC India, Universe Update (July 2018) Investor Update Q1 FY19-20 13
Slide 15: Cable TV – Financial Highlights
Cable TV – Financial Highlights
Slide 16: Cable Business Financial Highlights
Cable Business Financial Highlights Quarterly Growth % Particulars (INR Cr) 1Q'20 4Q'19 1Q'19 Q-o-Q Y-o-Y Subscription 171 159 170 8% 1% Placement 97 66 85 48% 15% Other Operating Income 4 7 20 (50%) (82%) Activation Revenues 23 25 24 (7%) (3%) Revenue 295 257 299 15% (1%) Content Costs 159 126 150
Slide 17: Broadband-Financial Highlights
Broadband-Financial Highlights
Slide 18: Broadband Business Financial Highlights
Broadband Business Financial Highlights Quarterly Growth % Particulars (INR Cr) 1Q'20 4Q'19 1Q'19 Q-o-Q Y-o-Y Revenue 18 18 16 1% 15% Personnel Costs 2 2 3 8% (22%) Other Opex 15 15 14 (0%) 10% Total Cost 17 17 17 1% 4% EBITDA 1 1 (1) 22% n.m EBITDA % 4% 3% (6%) Dep & Amort 6 4 7 63% (14%) PBT (5) (
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 20: Consolidated Financial Highlights
Consolidated Financial Highlights Quarterly Growth % Particulars (INR Cr) 1Q'20 4Q'19 1Q'19 Q-o-Q Y-o-Y Subscription 189 176 186 7% 2% Placement 97 66 85 48% 15% Other Operating Income 4 7 20 (44%) (80%) Activation Revenues 23 26 24 (9%) (3%) Revenue 313 275 314 14% (0%) Content Costs 159 126 150 27
Slide 21: Consolidated Balance sheet
Consolidated Balance sheet INR Crore 30.06.2019 31.03.2019 Share Capital 477 477 Key metrices (Annualised) Reserves & Surplus 2,073 2,069 INR Crore 30.06.2019 31.03.2019 Networth 2,550 2,546 Gross Debt (Rs in crs) 404 482 Minority Interest 88 78 Short & Long Term Debt 404 482 Net Debt (Rs in crs) (1
Slide 22: Consolidated Financials-KPI's
Consolidated Financials-KPI’s Subscription Revenue EBITDA Finance cost* 187.9 189.0 188.5 190.0 60.0 185.6 46.7 50.7 47.4 20.0 16.6 185.0 50.0 41.3 37.6 15.0 14.6 13.9 13.0 40.0 11.6 180.0 176.2 30.0 10.0 175.0 20.0 5.0 170.0 10.0 165.0 0.0 0.0 June'18 Sep'18 Dec'18 Mar'19 June'19 June'18 Sep'18 Dec
Slide 23: Contact Information
Contact Information DEN has been recognized as Most Trusted Brand in Cable TV Industry” TRA Research, 2019 Jatin Mahajan InvestorRelations@DenOnline.in +91 11 4052 2200 DEN Networks Ltd. (CIN No. L92490DL2007PLC165673) Investor Update Q1 FY19-20 22