Gtpl Hathway Ltd · NSE:GTPL
Gtpl Hathway — Q3 FY22 Earnings Presentation
36 slides from Gtpl Hathway's earnings presentation, Jan 13, 2022
Slide 1: Exchange filing cover letter for investor presentation
Ref. No.: GTPL/SE/2022 January 13, 2022 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
Slide 2: Q3 & 9M FY22 Results Update
Q3 & 9M FY22 GTPL Hathway Limited RESULTS UPDATE JANUARY 2022
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 Company Overview & Strategy 3 - 16 2 Key KPIs 17 - 19 3 Consolidated Financials 20 - 26 4 Standalone Financials 27 - 32
Slide 4: Company Overview & Strategy
Company Overview & Strategy
Slide 5: No.1 MSO
Digital Cable TV | Broadband No.1 MSO GGTPL GTPL is now the number 1 MSO in India* ‘As per TRAI quarterly report
Slide 6: Leader across Key Cable Markets in India
Leader across Key Cable Markets in India Commenced Business in 2006 01 Footprint in 1,100+ towns across 17 States 02 reaching 10+ Mn Households #No.1* MSO in India 03 #No.1 MSO in Gujarat | #No.2 in WB #No. 6* Private Wireline Broadband Player in India 04 #No. 1 in Gujarat** Significant presence in
Slide 7: Key Highlights
Key Highlights Consistent Subscriber Base Growth Performance • ~1.7x growth in last 5 years • ~24% CAGR growth in • PAT Positive for last for CATV Revenue in last 3 years Consecutive 5 years • ~3.3x growth in last 5 years • ~20% CAGR growth in • Upgraded to “IND AA- for Broadband EBITDA in last 3 ye
Slide 8: Financial Performance: Consolidated
Financial Performance : Consolidated* Key Financial Highlights (in ₹ Mn) 9M FY22 9M FY21 FY21 Incl. Excl. Incl. Excl. Incl. Excl. EPC. EPC. EPC. EPC. EPC. EPC. REVENUE 18,288 17,945 17,423 15,493 25,300 21,484 EBITDA 4,301 4,277 4,170 4,032 5,724 5,455 PAT 1,454# 1,314 1,885 # Exceptional Items (Los
Slide 9: Business Performance
Business Performance 765K 4.40 Mn 8.20 Mn 7.50 Mn Active Home- Active1 Paying Subscribers Pass Subscribers Subscribers #130K increase in 9M #530K increase in 9M Broadband 80%+ 100% 290K ₹ 445/- CATV Collection through base in Prepaid FTTX Digital Mode Business Subscribers ARPU Extended Footprint in
Slide 10: GTPL in India's Top Companies
GTPL in India’s Top 500 Companies* Recognized as one of GTPL Hathway Ltd. “India’s (Parent Company) Top 500 Companies” GTPL GTPL Kolkata Cable Recognized as one of “India’s Top 500 Broadband Pariseva Ltd. (Subsidiary Company) Mid-Corporates” Recognized as one of GTPL Broadband “India’s Pvt. Ltd. (Wh
Slide 11: Key Inherent Strength of GTPL Hathway
Key Inherent Strength of GTPL Hathway Leadership Position in Located in Consumption High Quality Technology Trusted Partner Operating Markets Market and Infrastructure • #1 MSO in India, • State-of-the-Art Next • Versatile Presence • 30,000+ LCOs as Generation Video #1 in Gujarat, Business Partners
Slide 12: Cutting Edge Technology and Infrastructure
Cutting Edge Technology and Infrastructure Advanced technology and equipment provided by leading technology vendors Technology Partners Headend: • 2 Main Headend. Headend • Mother Headend & Network Operating Centre (NOC) in Ahmedabad (Gujarat), capable to cater across India. STBs & • 2nd Main Headen
Slide 13: Experienced Management Team with Strong Track Record
Experienced Management Team with Strong Track Record Anirudhsinhji Jadeja A zealous entrepreneur; started with cable operations in 90s and shaped GTPL in 2006; has many accomplishments to his Promoter and MD credit and has won numerous industry/social awards Anil Bothra CA,CS and CMA with 26 years o
Slide 14: Industry at a Glance
Industry at a Glance Cable & Broadband Cable Broadcasters DPOs Local Cable Operators Consumers Pay : 20+ MSOs/ISOs: 1500+ (LCOs) (60,000+) FTA : 200+ Others : 11 (210 Mn) Cable Transmission of Signals MSOs also provide Broadband Services to their consumers directly Flow of Monies 300+ Mn Households
Slide 15: Industry at a Glance
Industry at a Glance 1 TV Industry Revenues in ₹ Bn 2 TV Households in Mn Advertisement Subscription Free Pay 778 210 516 197 652 183 170 171 428 161 552 368 262 224 184 40 22 26 FY16 FY18 FY20 2016 2018 2020 Source : * FY = Apr- Mar 14 1. KPMG India’s Report Media and Entertainment,2020 2. TV Unive
Slide 16: Growth Opportunities: Wireline Broadband
Growth Opportunities : Wireline Broadband Wireline Broadband % Penetration of Total HHs# Around the Globe Japan - 80% Eurozone - 70% China - 55% • Gigantic Growth Gear for Wireline broadband with meagre 6% Homes on 300+ Millions Homes in India. • Propel of High-Speed Unlimited data packages increase
Slide 17: Broadband and Infrastructure Growth Opportunities
Growth Opportunities • Provide CATV services as a bundle ❖ With Broadband & OTT services • Expand GTPL Footprints in Existing Expansion Markets. Hybrid • Tie-up with different service providers • Up-sell current customers & add new • Venture into New Markets through customers. acquisitions and conso
Slide 18: Key KPIs
| Key KPls
Slide 19: Key KPIs: CATV Business: Quarterly
KEY KPIs : CATV Business : Quarterly : Consolidated* Active Subscribers (Mn)1 Paying Subscribers (Mn) 8.05 8.20 7.90 8.00 8.00 7.35 7.50 7.35 7.50 7.30 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 18 * FY = Apr-Mar, Q1 = Apr-Jun, Q2 = Jul-Sep, Q3 = Oct-Dec, Q4 = Ja
Slide 20: Key KPIs: Broadband Business: Quarterly
KEY KPIs : Broadband Business : Quarterly* Home-pass (Mn) Active Subscribers (‘000) ARPU (₹) (Net of Taxes) 4.40 445 445 445 765 440 440 735 4.20 690 4.10 635 3.87 3.80 590 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 # 530K
Slide 21: Consolidated Financials
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Slide 22: Financial Highlights: Consolidated
Financial Highlights : Consolidated * (Ex EPC) Total Revenue up by 16% 9M-o-9M; 9% Y-o-Y; 2% Q-o-Q 1 Revenue ISP Revenue up by 51% 9M-o-9M; 35% Y-o-Y; 5% Q-o-Q 2 Expenses Finance cost down by 42% 9M-o-9M EBITDA of ₹ 4,277 Mn in 9M FY22; ₹ 1,472 Mn in Q3 FY22 3 EBITDA Up ₹ 245 Mn (6%) 9M-o-9M; ₹ 28 M
Slide 23: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) Quarterly 1,443 1,472 5,992 6,110 1,430 5,623 + 2% + 2% + 9% + 3% Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 9 Months 17,945 4,277 15,493 4,032 + 16% + 6% 9M FY21 9M FY22 9M FY21 9M FY22 22 * FY = Apr-M
Slide 24: Financial Performance Trend: Consolidated
Financial Performance Trend: Consolidated* (Ex EPC) Subscription Revenue (In ₹ Mn) ISP Revenue (In ₹ Mn) Quarterly 1,054 2,718 2,715 2,702 1,006 778 - 0.5% + 5% - 0.6% + 35% Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 9 Months 8,047 8,057 2,978 1,975 + 0.2% + 51% 9M FY21 9M FY22 9M FY21 9M FY22
Slide 25: Profit & Loss Statement: Consolidated: 9M-o-9M
Profit & Loss Statement : Consolidated* : 9M-o-9M In ₹ Mn # Exceptional Items (Loss on Insurance Claim Receivables) in Broadband of ₹ 124 Mn Note : PAT% are including EPC contract. 24 * FY = Apr-Mar, Q1 = Apr-Jun, Q2 = Jul-Sep, Q3 = Oct-Dec, 9M = Apr-Dec
Slide 26: Profit & Loss Statement: Consolidated: Q-o-Q
Profit & Loss Statement : Consolidated* : Q-o-Q Q3 FY22 Q3 FY22 Q3 FY22 Q2 FY22 Q2 FY22 Q2 FY22 Q-o-Q% Q3 FY21 Q3 FY21 Q3 FY21 Y-o-Y% FY21 FY21 FY21 In ₹ Mn Particulars EPC EPC EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Contract Contract Rev
Slide 27: Financial Performance: Consolidated
Financial Performance : Consolidated Net Worth (In ₹ Mn) Net Debt (In ₹ Mn) 2,064 9,787 1,958 8,801 7,283 1,279 6,577 6,648 Net Debt-free (4) (106) FY18 FY19 FY20 FY21 9M FY22 FY18 FY19 FY20 FY21 9M FY22 26 * FY = Apr-Mar, 9M = Apr-Dec | Consolidated |
Slide 28: Standalone Financials
Standalone Financials
Slide 29: Financial Highlights: Standalone
Financial Highlights : Standalone * (Ex EPC) Total Revenue up by 10% 9M-o-9M; 6% Y-o-Y; 3% Q-o-Q 1 Revenue Subscription Revenue up by 1% 9M-o-9M; 1% Y-o-Y 2 Expenses Finance cost down by 32% 9M-o-9M EBITDA of ₹ 2,425 Mn in 9M FY22; ₹ 852 Mn in Q3 FY22 3 EBITDA Up by ₹ 14 Mn (1%) 9M-o-9M; ₹ 58 Mn (7%
Slide 30: Financial Performance Trend: Standalone
Financial Performance Trend: Standalone* (Ex EPC) Total Revenue (In ₹ Mn) EBITDA (In ₹ Mn) Quarterly 852 3,861 785 794 3,634 3,757 + 3% + 7% + 6% + 9% Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 9 Months 11,358 2,411 2,425 10,301 + 10% + 1% 9M FY21 9M FY22 9M FY21 9M FY22 29 * FY = Apr-Mar, Q1 =
Slide 31: Profit & Loss Statement: Standalone: 9M-o-9M
Profit & Loss Statement : Standalone* : 9M-o-9M 9M 9M 9M 9M FY21 9M 9M 9M-o-9M% FY21 FY21 FY21 In ₹ Mn Particulars FY22 FY22 FY22 FY21 FY21 EPC Ex. EPC (Ex. EPC) Ex. EPC Total Ex. EPC EPC Total EPC Total Contract Revenue Subscription CATV 5,601 - 5,601 5,545 - 5,545 1% 7,397 - 7,397 Revenue from EPC
Slide 32: Profit & Loss Statement: Standalone: Q-o-Q
Profit & Loss Statement : Standalone* : Q-o-Q In ₹ Mn Q3 FY22 Q2 FY22 Q3 FY21 FY21 Q3 FY22 Q3 FY22 Q2 FY22 Q2 FY22 Q-o-Q% Q3 FY21 Q3 FY21 Y-o-Y% FY21 FY21 Particulars EPC EPC EPC EPC Ex. EPC Total Ex. EPC Total (Ex. EPC) Ex. EPC Total (Ex. EPC) Ex. EPC Total Contract Contract Contract Contract Reven
Slide 33: Awards & Accreditation
Awards & Accreditation Excellence in Finance Transformation - by KamiKaze 32
Slide 34: Investor Conference Call Details
Investor Conference Call Details 33
Slide 35: 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 36: Thank You
Mr. Piyush Pankaj Business Head - CATV & Chief Strategy Officer Email: piyush.pankaj@gtpl.net IR Consultants Mr. Mehul Mehta Contact: +91 98202 80325 Mr. Hiral Keniya Contact: +91 90296 62801 Email: gtplhathway@dickensonworld.com THANK YOU