Den Networks Limited · NSE:DEN
Den Networks — Q3 FY2018-19 Earnings Presentation
19 slides from Den Networks's earnings presentation, Jan 15, 2019
Slide 1: Cover letter to exchanges: Investors' Presentation
HEN Date: - January 15, 2019 The Corporate Relationship Department The Corporate Relationship Department The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/ 1, G—Block, 15'h Floor, Phiroze JeeJeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai—400 001 Bandra (E)
Slide 2: DEN Networks Limited Investor Update Q3 FY18-19
DEN Networks Limited Investor Update Q3 FY18-19 15th Jan’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: Contents
Contents 1. Cable TV 2. Fixed Line Broadband 3. DEN – Financial Snapshot for Q3 FY 18-19 4. Tariff order highlights Investor Update Q3 FY18-19 3
Slide 5: TV Viewership on the rise
TV Viewership 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 in
Slide 6: 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 Q3 FY18-19 5
Slide 7: TRAI Tariff Order
TRAI Tariff Order Tariff order The tariff order implemented w.e.f. 29-Dec-2018. Migration plan till 31-Jan-2019 to the new tariff order rolled out by TRAI. Packages under the revised regime have been uploaded. LCO/Distributor awareness programme are currently under progress. Various optio
Slide 8: Contents
Contents 1. Cable TV 2. Fixed Line Broadband 3. DEN – Financial Snapshot for Q3 FY 18-19 4. Tariff order highlights Investor Update Q3 FY18-19 7
Slide 9: Broadband – Cities Update
Broadband – 100 Cities Update # of Cities Enabled 46 Cities # of Subscribers 16,190 Monthly ARPU INR 591 Speed Offered 10 - 100 Mbps Average Data Consumption ~100 GB Investor Update Q3 FY18-19 8
Slide 10: Contents
Contents 1. Cable TV 2. Fixed Line Broadband 3. DEN – Financial Snapshot for Q3 FY 18-19 4. Tariff order highlights Investor Update Q3 FY18-19 9
Slide 11: Consolidated (Cable & BB) P&L: Quarterly Summary
Consolidated (Cable & BB) P&L : Quarterly Summary INR Crore Cable Broadband Consolidated Gr% Subscription Revenue 3Q'19 172 17 189 2Q'19 172 16 188 1% 3Q'18 174 17 191 -1% Revenues 3Q'19 291 17 308 2Q'19 294 17 310 -1% 3Q'18 312 18 330 -7% EBITDA 3Q'19 48 (0) 47 2Q'19 50 0 51 -6% 3Q'18 82 (0) 81 -42
Slide 12: Cable KPIs: Quarterly
Cable KPIs: Quarterly ARPU Efficiency % 82 81 94% 94% 93% 91% 79 79 78 86% Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Subscribers revenue (Crs) Billed Subscribers (mn) (*Excludes Associates~1mn) 175 7.4 7.4 174 172 172 7.2 7.1 170 7.0 Q3 FY18 Q4 FY18 Q1 FY19 Q2 F
Slide 13: Cable ARPU Phase wise (Net of tax- Ind. AS)
Cable ARPU Phase wise (Net of tax- Ind. AS) 500 ARPU (INR) 450 400 Blended 79 79 81 82 350 Phase 4 56 54 53 60 300 Phase 3 250 66 67 73 72 200 Phase 2 150 96 93 90 94 100 Phase 1 50 122 122 124 123 0 FY18Q4 FY19Q1 FY19Q2 FY19Q3 Investor Update Q3 FY18-19 12
Slide 14: Broadband ARPU (net of tax) & Subscribers development
Broadband ARPU (net of tax) & Subscribers development ARPU (INR) Home passed (‘000) 952 579 944 927 565 913 559 554 899 552 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Subscribers (‘000) 114 112 107 107 106 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Investor Update Q
Slide 15: Cable Income Statement
Cable Income Statement Actuals Actuals Growth % INR Crore 3Q'19 2Q'19 3Q'18 YTDFY19 YTDFY18 Q-o-Q (Gr%) Y-o-Y (Gr%) YTD (Gr%) Subscription 172 172 174 514 492 0% -1% 5% Placement 81 81 85 247 262 -1% -5% -6% Other Operating Income 13 16 18 48 65 -19% -31% -26% Total Income pre activation 266 269 277
Slide 16: Broadband Income statement
Broadband Income statement Actuals Actuals Growth % INR Crore 3Q'19 2Q'19 3Q'18 YTDFY19 YTDFY18 Q-o-Q Y-o-Y YTD Total Income 17 17 18 49 59 2% -6% -17% Personnel Costs 2 2 3 7 10 3% -30% -27% Other Opex 14 14 15 42 49 1% -5% -14% Total Expenditure 17 16 18 50 59 4% -7% -16% EBITDA (0) 0 (0) -1 0 EBI
Slide 17: Consolidated Income Statement
Consolidated Income Statement Actuals Actuals Growth % INR Crore 3Q'19 2Q'19 3Q'18 YTDFY19 YTDFY18 Q-o-Q (Gr%) Y-o-Y (Gr%) YTD (Gr%) Subscription-Cable 172 172 174 514 492 0% -1% 5% Subscription-broadband 17 16 17 49 57 3% -2% -15% Placement 81 81 85 247 262 -1% -5% -6% Other Operating Income 13 16
Slide 18: Consolidated Balance sheet
Consolidated Balance sheet INR Crore Dec'18 Mar'18 Key metrices Share Capital 195 195 Dec'18 Mar'18 Reserves & Surplus 501 589 Networth 696 784 Gearing Ratio (Net) 0.21 0.17 Minority Interest 102 104 Short & Long Term Debt 504 541 Gross Debt (Rs in crs) 504 541 Defferred Revenue 415 472 Trade Payabl
Slide 19: Contact Information
Contact Information DEN Awarded the title of “The Best MSO” at “The Indian Telly: Technical, Trade & Programming Awards 2018” Jatin Mahajan Shogun Jain / Payal Dave InvestorRelations@DenOnline.in shogun.jain@sgapl.net / payal.dave@sgapl.net +91 11 4052 2200 +91 77 3837 7756 / +91 98 1991 6314 DEN Ne