Hathway Cable & Datacom Ltd. · NSE:HATHWAY
Hathway Cable & Datacom — Q3 FY19 Earnings Presentation
25 slides from Hathway Cable & Datacom's earnings presentation, Jan 23, 2019
Slide 1: Exchange filing cover letter: Investor Update Q3 FY19
hathw@y Date: January 23, 2019 To, To, BSE Limited National Stock Exchange of India Limited The Corporate Relationship Department, Listing Department P J Towers, Dala! Street, “Exchange Plaza” Mumbai - 400001 Bandra Kurla Complex BSE Security Code: 533162 Bandra (E), Mumbai - 400051 | NSE Trading Sy
Slide 2: Investor Update – 9M / Q3-FY19
Hathway Cable and Datacom Limited Investor Update – 9M / Q3-FY19
Slide 3: Safe Harbour
Safe Harbour 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 contex
Slide 4: Company Overview
Company Overview • Hathway Cable & Datacom Limited (Hathway), is one of the largest Multi System Consolidated Revenue* (INR Mn) & Operator (MSO) & Cable Broadband service providers in India today. EBITDA Margin (%) 20,000 30.0% • The company’s vision is to be a single point access provider, bringing
Slide 5: Group Structure
Group Structure Broadband Business • Parent Company Hathway Cable & Datacom Limited CATV Business* • Hathway Digital Private Limited(HDPL) (100% Subsidiary) (HCDL) Strategic Investment • GTPL Hathway Limited# (37.32% Equity Holding) * CATV Business includes JVs/Associates/Subsidiaries * Demerger of
Slide 6: High Quality Infrastructure
High Quality Infrastructure Advanced technology and equipment provided by Leading Technology Vendors leading technology vendors STBs (SD & • Overground: 35,000 Kms HD) • Underground: 500 Kms Head-ends/ • Leased: 4,000 Kms Compression Optic Fibre Cable Network Modems • 6 Primary Headends and 7 Second
Slide 7: Growth Strategy
Growth Strategy Leverage Trendsetter in broadband and Differentiated broadband industry Cable Television Objective customer on speed, GBs, Price presence to give experience & Value For Money differentiated Build Value for all equation content, services and stakeholders in the applications Value chai
Slide 8: Hathway Cable and Datacom Ltd. (HCDL)
Hathway Cable and Datacom Ltd. (HCDL) Parent Company Broadband Business 7
Slide 9: HCDL – Q3-FY19 Standalone Key Highlights
HCDL – Q3-FY19 Standalone Key Highlights • 15k Net adds on Q-O-Q basis with New customer ARPU of INR 700/- (Excluding Taxes). • Minimum entry fee of INR 999/- is levied to make sure only serious consumers are acquired leading to much higher acquisition quality and significantly lower churn. • Effect
Slide 10: HCDL – Q3-FY19 Standalone Key Highlights
HCDL – Q3-FY19 Standalone Key Highlights • Hathway Play box based on android platform launched for only broadband customers in Chennai markets on 15th Jan 2019. This will provide world class large screen OTT viewing experience to Hathway broadband customers. Initial response has been very encouragin
Slide 11: Bandwidth consumption (Mbps) per Subscriber
Bandwidth consumption (Mbps) per Subscriber 0.75 0.71 0.71 0.72 0.69 0.68 0.60 0.59 0.55 0.57 0.56 0.54 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 * In Mbps per Subscriber Bandwidth increase per customer is healthy from long term wireline industry relevance p
Slide 12: HCDL – Q3-FY19 KPI’s
HCDL – Q3-FY19 KPI’s Homes Passes (In Mn) Subscriber base (In Mn) 5.54 0.78 5.5 0.77 Q2-FY19 Q3-FY19 Q2-FY19 Q3-FY19 Revenue (INR In Mn) ARPU* (INR) 1,306 1,349 672 662 Q2-FY19 Q3-FY19 Q2-FY19 Q3-FY19 * ARPU is excluding taxes. 11
Slide 13: HCDL Income Statement
HCDL Income Statement Income statement (INR Mn) Q3-FY19 Q2-FY19 Q-o-Q Growth Q3-FY18 Y-o-Y Growth 9M-FY19 Subscription Broadband 1,349 1,306 3% 1,387 (3)% 3,952 Total Income 1,349 1,306 3% 1,387 (3)% 3,952 Operational Expenses 333 311 7% 331 1% 906 Employee Cost 136 113 20% 113 20% 368 Other Expense
Slide 14: HCDL Balance Sheet
HCDL Balance Sheet Statement of Assets and Liabilities (INR Mn) Standalone As on Sep 2018 As on Mar 2018 1.Shareholder’s Funds a. Equity Share Capital 1,723 1,661 b. Other Equity 9,731 8,878 Sub Total – Shareholder’s funds 11,454 10,539 2. Non-current liabilities a. Borrowings 8,044 4,832 b. Other F
Slide 15: Hathway Digital Pvt. Ltd. (HDPL)
Hathway Digital Pvt. Ltd. (HDPL) Wholly owned Subsidiary of HCDL CATV Business 14
Slide 16: HDPL – Q3-FY19 Standalone Key Highlights
HDPL – Q3-FY19 Standalone Key Highlights • Q3-FY19’s entire focus was on aligning all stakeholders on NTO . • Hathway DPO Packs for all Regions released. Packaging based on extensive consumer research and focus group interviews with consumers. High acceptability in market with more than 70% consumer
Slide 17: HDPL – Q3-FY19 Standalone Key Highlights
HDPL – Q3-FY19 Standalone Key Highlights • Standalone Subscription Revenue continues to grow by 12% to INR 1,663 Mn in Q3-FY19 from INR 1,483 Mn in Q3-FY18 • Standalone Operating EBITDA stood at INR 361 Mn in Q3-FY19 • Q3-FY19 Collection efficiency is at 99%. Highest in industry in spite of various
Slide 18: HDPL – Q3-FY19 Consolidated KPI’s
HDPL – Q3-FY19 Consolidated KPI’s Phase wise Boxes Seeded*# (In Mn) ARPU* (INR) 3 108 102 110 105 110 105 2.5 2.4 2.3 2.3 2.3 2.3 2.3 80 80 2 1.6 1.6 1.6 66 62 62 1.5 52 1 0.9 0.9 0.9 0.5 0 Q3-FY18 Q2-FY19 Q3-FY19 Q3-FY18 Q2-FY19 Q3-FY19 Phase I Phase II Phase III Phase IV Phase I Phase II Phase III
Slide 19: Hathway Ultra Smart Hub – India’s First Hybrid TV
Hathway Ultra Smart Hub – India’s First Hybrid TV • India’s First Cable Hybrid Box on Google Android TV(O) Platform fully ready for launch with cutting edge globally best in class technology and leading content offerings • Launch Date 1st March 2019 18
Slide 20: HDPL Income Statement
HDPL Income Statement Income statement (INR Mn) Q3-FY19 Q2-FY19 Q-o-Q Growth Q3-FY18 Y-o-Y Growth 9M-FY19 Subscription CATV 1,663 1,658 - 1,483 12% 4,898 Placement 791 761 4% 782 1% 2,305 Activation 160 166 (4)% 236 (32)% 502 Other operating income 64 39 61% 35 83% 143 Total Income 2,678 2,624 2% 2,
Slide 21: Historical Financials
Historical Financials 20
Slide 22: FY18 Financial Highlights
FY18 Financial Highlights Income statement (INR Mn) FY18 FY17 FY16 Consolidated CATV Subscription 5,733 4,728 3,804 Broadband Revenue 5,445 4,955 3,234 Placement 2,977 2,725 3,220 Activation 964 825 834 Other Operating income 227 211 276 Other Non operational income 98 238 182 Total income 15,444 13
Slide 23: FY18 Financial Highlights
FY18 Financial Highlights Statement of Assets and Liabilities (INR Mn) Consolidated FY18 FY17 FY16 A. Equity and Liabilities 1.Shareholder’s Funds a. Share Capital 1,661 1,661 1,661 b. Reserves and Surplus 6,263 7,267 9,227 Sub Total – Shareholder’s funds 7,924 8,928 10,888 2. Minority Interest (39)
Slide 24: Disclaimer
Disclaimer Hathway Cable and Datacom Ltd Disclaimer: 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 tha
Slide 25: Thank You
Thank You 24
Hathway Cable and Datacom — Q3 FY19 Earnings Presentation on 6ix