IR PPT 4QFY15

Bharti Airtel
Management Presentation – Apr 2015
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 that all information relating to the context has been taken care off in the presentation
and neither we undertake any obligation as to the regular updating of the information as a result of new information, future events or otherwise. We will accept no
liability whatsoever for any loss arising directly or indirectly from the use of, reliance of any information contained in this presentation or for any omission of the
information. The information shall not be distributed or used by any person or entity in any jurisdiction or countries were such distribution or use would be contrary to
the applicable laws or Regulations. It is advised that prior to acting upon this presentation independent consultation / advise may be obtained and necessary due
diligence, investigation etc may be done at your end. You may also contact us directly for any questions or clarifications at our end.
This presentation contain certain statements of future expectations and other forward-looking statements, including those relating to our general business plans and
strategy, our future financial condition and growth prospects, and future developments in our industry and our competitive and regulatory environment. In addition to
statements which are forward looking by reason of context, the words ‘may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential or
continue’ and similar expressions identify forward looking statements.
Actual results, performances or events may differ materially from these forward-looking statements including the plans, objectives, expectations, estimates and
intentions expressed in forward looking statements due to a number of factors, including without limitation future changes or developments in our business, our
competitive environment, telecommunications technology and application, and political, economic, legal and social conditions in India. It is cautioned that the
foregoing list is not exhaustive
“The information contained herein does not constitute an offer of securities for sale in the United States. Securities may not be sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States
will be made by means of a prospectus and will contain detailed information about the Company and its management, as well as financial statements. No money,
securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.”
Certain numbers in this presentation have been rounded off for ease of representation
Investor Relations :- http://www.airtel.in
For any queries, write to: [email protected]
2
Agenda
•
Introduction to Bharti Airtel
•
Industry Themes
•
Bharti Airtel: Growth Opportunities
•
Key Performance Indicators
•
Other Businesses
•
Financial Overview
•
Leadership
3
BHARTI AIRTEL:
WHO WE ARE
Bharti Airtel
1.85bn
Addressable
Population 4
Present in
20 Countries
US$15.1bn
Revenue 3
#1 Operator
In India 1
#2 Operator
In Africa 5
#4 Operator
in the World 1
#3 in-country
wireless service
operator in the
world 2
Source: TRAI and Informa Telecoms and Media
Notes:
1.
As of Dec 31, 2014
2.
Based on proportionate equity subscriptions with data from Informa Telecoms and Media. In-country wireless operator refers to single country subscribers
3.
FY2015 Revenue
4.
Combined population for the regions in which Airtel has a footprint
5
5.
As measured by proportionate equity subscription in a single country, according to 2014 Informa Telecoms and Media
Journey Through The Times
Start up (1995 - 2000)
Multiple Plays (2011 onwards)
Land Grab (2001 - 2010)
1998
2004
2008
2010
First
launched
in Delhi
and HP
Pan India
footprint;
India’s
largest
telco
Launch
direct to
home
services
(DTH)
Acquired
Zain;
Present in
over 20
countries
2010
New
brand
launch
2011
3G
services
launched
2012
Launch of
Airtel
Money in
India
2013
First
operator
to launch
4G in
India
2014
Crossed
300 million
customers
300
million
customers
Source: Company Filings
6
Global Services Portfolio
Mobile Services across 20 countries
•
•
•
•
310.9 mn1 wireless subscribers globally
Over 1.23 trillion minutes of calls in FY 2015
Over 333 petabytes of data over the last year
Over 172,000 base station sites
Telemedia Services (Fixed Line & Broadband)
• 3.4 mn1 broadband & internet customers
• Services provided across 90 cities
Airtel Business (Large enterprises and carriers)
• Over 225,000 Rkms1 across 50 countries, 5 continents
Over 324
million customers
FY15 Revenue: $15.1 bn3
Telemedia, 4%
Digital TV, 2%
Airtel Business, 7%
Tower Infra, 5%
Tower Infrastructure Services
• Bharti Infratel – 37,196 towers1 across 11 circles
• 42% stake in Indus Tower which has 115,942 towers1
across 15 circles
• Current market cap: US$11.65 bn2
India Wireless, 52%
International Wireless, 29%
Uniquely positioned with strong asset base
Digital TV
• Pan India DTH, 10.1 mn1 subscribers – top 3 player
• Coverage across 639 districts1
Five key businesses creating an end-to-end
global telecom company
Source: TRAI and Informa Telecoms and Media
1. Bharti Airtel Quarterly Report for quarter ending Mar 31, 2015
2. Market Cap data as on Mar 31, 2015, closing exchange USD/INR rate = 62.59
3. Revenue pie chart based on pre inter-segment eliminations
7
Scale and Profitability across Diversified Segments
Revenue
FY15
YoY Growth
$15.1 bn
6.5%
Segment Wise Contribution to EBITDA (FY15)
India Wireless
International
Wireless
Tower Infra Airtel Business
Telemedia
Digital TV
61%
EBITDA
$5.1 bn
12.0%
EBIT
$2.6 bn
29.0%
19%
Capex
$3.1 bn
Interest & Taxes
$1.5 bn
FCF*
$1.3 bn
8%
5%
$35.8 bn
2%
-1.0%
Segment Wise EBITDA Margins (FY15)
47.1%
Enterprise Value
6%
14.6%
International Operations contributed 29% of FY15
revenues
Diversified suite of offerings
with non-wireless segments contributing 20% to
operating profit (FY15)
40.4%
37.3%
India Wireless International
Wireless
27.3%
24.0%
21.0%
Tower Infra Airtel Business
*excludes Working Capital changes, includes the Cash flow from Infratel OFS and Secondary Sale during the year
Source: Company Filings (NSE, BSE)
Note:
1.
EBITDA pie chart are based on pre inter-segment eliminations
Telemedia
Digital TV
8
WELL POSITIONED
IN KEY GROWTH
MARKETS
Present in Growth Markets
105 million new mobile subscriptions globally
Growth markets
contribute over a
third of new subs
Central and Eastern Europe, 7
India, 12
Western Europe, 3
- India
Latin America, 8
- Bangladesh
- Sri Lanka
- 17 in Africa
Africa, 23
Middle East, 6
in millions
Driving revenue
growth1 Y-o-Y
APAC (excluding
India and China),
26
- India: 11%
- Africa: 6%
China, 14
North America, 6
Source: Ericsson, as of Q4 2014
Note 1: As of Quarter ended Mar 2015, revenue growth on constant currency basis
10
… And Under-Penetrated Geographies
Airtel’s span: 1
Over 226 million customers in India
Over 76.3 million in Africa
Over 8.6 million in South Asia (Sri Lanka and Bangladesh)
Source: Ericsson, as of Q4 2014
Notes:
1.
Company filings, as of Quarter ended Mar 2015
11
India: Industry Consolidation Underway Through
Revenue Shares
8 Operators
43%
57%
14 Operators
10 Operators
34%
29%
71%
66%
• Industry consolidation via market share
gains, with top 3 now accounting for
over 71% of the industry revenues
• Exits by many operators post Feb 2012
SC verdict (122 licenses cancelled),
many rationalized their footprints
• Spectrum auctions fortified
consolidation story
2008
Market share
2011
Top3
2014
Rest
Industry wide focus on improving operational and financial health
Source: As per company’s reported numbers
12
Africa: Then and Now
2010
2015
Invested for
Growth in Africa
13 of 44
The Demographic Dividend
Median Age Projected in 2020 (years) 1
17 mn more Indians between 15 to 44 years 1
30.5
27.9
619
19.4
17.8
602
World
India
Africa
Nigeria
2013
2015
Source: UN Statistics; Euromonitor
14
Triggers To Bolster Data Uptake
Smartphone penetration in Asia 1
Singapore
Korea
Japan
APAC Avg
China
Thailand
Indonesia
India
Driving 2G to 3G Growth 2
72%
69%
50%
39%
30%
26%
26%
10%
Smartphone shipments to India have
doubled from 43.23 mn to 81.6 mn year
over year (2014 vs 2013)
India is expected to have one of the fastest growth rates in the data segment driven by low
cost mobile handsets and new technologies (3G/4G)
Notes:
1.
IDC, Avendus estimates 2013, IDC shipments data 2015
2.
Nokia MBiT 2015
15
AIRTEL: GROWTH
OPPORTUNITIES
Investment Highlights
1
Diversified operator with dominant position in marketplace
2
Large residual opportunity with bulk investments in place
3
Growth Strategy: Voice Secularity, Mobile Data and New Services
4
Focus on customer stickiness with increasing postpaid share
5
Focus on generating efficient utilization on operating and capital expenditures
17
1
The Leading Indian Wireless Operator
23% Wireless Subscriber Market Share1
Customer
23%
Market
Share
19%
16%
11%
9%
8%
7%
31% Wireless Revenue Market Share2
7%
5.6%
3.6%
7.2%
220
Bharti Airtel
30.9%
Vodafone
RCOM
180
153
BSNL+MTNL
17.5%
Idea
107
84
80
Tata
66
63
6.2%
Bharti Airtel
Vodafone
Idea
Reliance
Comm
BSNL&MTNL
Aircel
Tata
Aircel
5.6%
23.4%
Others
Others
Airtel has leadership in 17 circles of the total 22 circles (rank 1 or 2) with average
RMS of 36.4% in these circles
Source: TRAI
Notes:
1.
As of Jan 31, 2015
2.
For quarter ended Dec 31, 2014. Calculated on the basis of Gross Revenue for UASL + Mobile +CMTS licenses
18
1
Multiple Plays, Multiple Opportunities
Telemedia:
DTH:
One of four
customers
on Airtel,
DSL ARPU>
Rs 1000
EBIT
positive,
generating
significant
OFCF
Tower Co:
Integrated
Telco
Wireless:
Consolidating
the data
growth,
sharing
factor>2
20 growth
markets
Airtel
Business:
Airtel
Money:
50 countries,
5 continents
Building
Scale
Source: Company Filings
19
2
India: Investments To Yield Results
Nominal
Value of
liberalized
spectrum at
USD 12
billion1
Industry
leading
revenue2
yield/MHz at
2x avg with
same
cost/MHz
Wide
spectrum
presence:
16.1%3
spectrum
market share
Source:
1. Including Qualcomm licenses, excluding administered spectrum
2. Annualized 9M Revenues for FY15, Utilization based on 2G/3G spectrum
3. Ex 20 MHz BWA spectrum holding in 8 circles
Largest
optical fiber
network
amongst
private
players
Prime
spectrum to
yield data
growth:
Virtually Pan
India 3G &
4G
20
2
India: Strong Spectrum Position
Bharti Airtel’s Spectrum Position
Spectrum Holdings

Spectrum across 900/1800/2100/2300 bands, more or
less fungible across technologies

Hold 553.5 MHz (393.45 MHz paired & 160 MHz
unpaired) spectrum
20.2%

During Mar’15 auctions, the company spent ~58% of the
overall spend on acquiring growth spectrum
100.0
23.5%

80.0
18.2%
Only operator with pan India 3G & 4G footprint - widest
broadband footprint in India.

Bharti has rolled out 3G and 4G services - with over 17
million 3G customers and close to 300,000 customers in
4G LTE across 19 cities
Spectrum
Band
Industry
Spectrum
(MHz)
Industry Spectrum Spectrum held Bharti spectrum
ex BSNL/MTNL
by Bharti
Market Share ex
(MHz)
(MHz)
BSNL/MTNL
900
439.6
295.2
116.4
39.4%
1800
955.3
877.3
177.1
2100
535.0
425.0
2300
660.0
440.0
Bharti Airtel plans to leverage its existing network and superior
spectrum position for data roll-outs
Source: TRAI, Department of Telecom, Company Filings
21
2
India: Incumbent with Growth Opportunity
Penetration
Share
< 60%
60% - 90%
90% +
No 1 Share
No 2 Share
No 3 Share
22
2
Africa: Geographical Opportunity & Performance
Mobile Penetration(%)
Number of Countries
< 60%
8
60% - 90%
6
> 90%
3
Market Position
Number of Countries
#1
8
#2
6
#3
3
Number of
competitors
No. of countries1
<=2
3
>=4
9
6
2
Through organic as well as in-country acquisitions we are #1 or #2 in 14 markets
Source: Company data, CIA World Factbook, World Bank
Note: 1. Only GSMA telecoms considered
23
3
Growth Lever: Voice Secularity
Volume
Growth
Value
Growth
Significant gap between realized and rack rates
Carries over 1 trillion minutes
Secular Volume growth Y-o-Y
(VRPM up 3.5% from trough of 35 paise)
1 paisa upside adds $200 mn to top line
Significant headroom for value as well as volume upside on a secular basis
24 of 44
3
Growth Lever: Data Across 2G/3G/4G
Converged opportunity across
technologies
India’s first 4G network
Industry first initiatives
Sole operator to be part of
Google’s Android One devices
strategy
Data comes at incrementally higher EBITDA margins as compared to voice
25 of 44
3
Largest 3G Network In India
3G sites up 56.0% YoY 1
Expected Population Coverage Growth 2
40.0%
250000
200000
31,301
34,564
38,055
41,850
48,825
35.0%
33.3%
30.0%
29.3%
25.0%
26.9%
150000
24.7%
20.0%
22.6%
100000
15.0%
10.0%
50000
5.0%
0.0%
0
Q4'14
Q1'15
3G Sites
Q2'15
Total Sites
Source:
1.
Company filings
2.
Ericsson
Q3'15
Q4'15
% 3G sites
26
3
4G Services Launched
Key to tap into the data opportunity
•
•
•
Launched in 19 cities in India on mobiles, mifi, dongles, home wifi routers
Africa’s first 4G service: 4G launch in the Seychelles
Partnering Nokia Networks to launch ultrafast 4G services in India’s first FDD‐LTE on 1800 MHz – India’s first FDD‐LTE deployment across 6 circles
Airtel 4G is now available in 19 cities
27
3
Growth Story: Airtel Money, Wynk, Industry First Initiatives
Airtel
Money
Wynk
One
Touch
Internet
• Offered in India and all 17 opcos in Africa
• KPI: Africa (Q4FY15)
• Sub base of 6.2 million (up 1.8x YoY), transaction Value: $2,925 million
(up 31% YoY)
• Carrier agnostic music app with a curated library of 1.8 million
songs
• 5 million downloads in just 6 months of launch
• Makes internet discovery easy for first time users
• 53 million page views within 4 months of launch
• Accredited as “Best Mobile Service of the Year for customers” at GSMA
Global Mobile Awards 2015 at Barcelona
28
Quality Subscriber Acquisitions
4
Africa: Churn %
India: Churn %
8.50%
6.70%
6.10%
7%
6.10%
5.80%
5.50%
3.20%
3.10%
3.20%
2.50%
2.40%
2.70%
Sep‐12
Feb‐13
Jul‐13
Dec‐13
May‐14
Oct‐14
• Airtel has industry wide lowest churn at 2.5%
Mar‐15
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
• In Africa, churn % decreased from 7% to 5.8% YoY
• Led to rationalization of Gross Acquisition Costs driving
INR 10bn savings
Source: As per company’s reported numbers
29
Increasing High Value Customers
4
203
5.5%
5.4%
202
5.4%
5.3%
201
5.3%
202
5.1%
200
199
198
5.2%
202
• Postpaid Myplan for customers and enterprise
• Extended Myplan for prepaid customers
5.1%
5.0%
4.9%
197
198
198
196
195
5.4%
4.9%
• Expand company owned retail stores
• Strengthen DTH & Enterprise businesses
4.8%
4.7%
196
194
4.6%
Mar-14
Jun-14
Sep-14
ARPU (INR)
Dec-14
Mar-15
Postpaid customers (%)
Postpaid subscriber base inching up
30 of 44
5
Focus On Efficient Utilization Of Opex/Capex
77.7%
75.6%
76.6%
229,616
78.9%
77.4%
232,171
228,452
230,155
• Invested for growth -> yielding results
222,193
• Passive Infrastructure sharing
45.0%
Mar-14
44.3%
44.0%
43.9%
43.0%
Jun-14
Sep-14
Dec-14
Mar-15
Total revenues
Opex to Total revenues
• Divestment of towers in Africa underway
Capex Productivity
(INR Mn)
Increasing Operating and Capital expenditure productivity
31 of 44
KEY
PERFORMANCE
INDICATORS
India Performance Indicators
Minutes on Network (mn)
Total Subscribers (mn)
226
10% YoY
277,869
5% YoY
217
209
270,827
212
267,485
264,843
206
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Mar-14
Voice Realization per minute (paisa)
38.08
37.69
Jun-14
Sep-14
Dec-14
37.67
Mar-15
Bharti Airtel’s Data and 3G Base (mn)
50
Up from a trough of 35 paise
37.16
263,905
40
36.22
30
28.9%
10.3
31.8%
12.5
38.5%
15.4
40.0%
41.8%
40.0%
16.9
19.4
30.0%
20.0%
20
10
Mar-14
Jun-14
Sep-14
Source: Company Filings
Dec-14
Mar-15
50.0%
25.3
26.8
24.7
25.3
27.0
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
0
10.0%
0.0%
3G Data subs
2G Data subs
3G subs as % of total data subs
33
India: Significant Upside From ‘Data’
Bharti Airtel’s Non Voice Revenues as a % of
Mobile Revenues 1
Volumes doubling YoY (bn MBs)
82% YoY
86.6
25%
77.3
20%
67.7
15%
55.6
47.7
10%
5%
0%
Data Revenue
Other Non Voice Non Data Revenue
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
Annualized data revenues have surpassed USD 1 billion
Source: Company filings
Note:
1.
For Mobile Services India
34
Africa Performance Indicators
Minutes of Usage per sub
Total Subscribers (mn) and Total Minutes (bn)
80.0
69.4
69.1
71.4
74.6
60.0
28.2
28.3
29.0
30.4
76.3
136
136
138
140
137
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
35.0
30.4
30.0
31.0
25.0
20.0
40.0
15.0
10.0
20.0
5.0
0.0
0.0
Q4FY14
Q1FY15
Q2FY15
Subscribers (m)
Q3FY15
Q4FY15
Total Minutes (bn)
MoU per sub. per month
Capex (USDm) and Number of Sites
ARPU (USD) and ARPM (Usc)
6.0
7.0
6.5
6.0
4.1
5.5
5.5
5.0
4.1
3.9
5.6
5.4
3.6
3.2
4.0
3.0
5.1
2.0
5.0
4.4
4.5
1.0
0.0
4.0
Q4FY14
Q1FY15
Q2FY15
ARPU (US$)
Q3FY15
ARPM (US¢)
Q4FY15
400
350
300
250
200
150
100
50
0
18,819
17,781
17,792
17,935
18,347
265
284
Q2FY15
Q3FY15
20,000
18,000
357
176
160
Q4FY14
Q1FY15
16,000
14,000
Capex (US$m)
Q4FY15
Number of Sites
Source: Company Filings
35
Africa: Data and Mobile Money Are The Stars
Volumes up 84% YoY (Mn MBs)
Data Customer Base (‘000s)
36% YoY
26,365
22,305
Mar-14
30,379
27,116
84% YoY
9,475
23,650
Jun-14
11,256
8,061
Sep-14
Dec-14
Mar-15
3G sites up 44% YoY 1
6,114
6,541
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Mobile Money: Transactions Value (USD mn)
3,345
17,792
6,923
Mar-14
17,781
17,935
18,347
18,819
2,925
2,892
Dec-14
Mar-15
31% YoY
9,228
8,104
2,200
2,186
Mar-14
Jun-14
10,011
7,165
Jun-14
Sep-14
Sites
Dec-14
of which 3G
Mar-15
Sep-14
36 of 44
OTHER
BUSINESSES
Telemedia Services
•
FY15: 13% YoY revenue growth, 22% YoY
EBITDA growth
•
Pan-India presence of 90 cities
•
Operates in the entire broadband continuum fixed line voice and high speed broadband
across Homes and Office segments, broadband
(via DSL), IPTV, internet leased line and MPLS
services
•
Key Performance Indicators
–
–
–
Customer base: 3.4 million
Broadband penetration at 44.2% of customer base
Average ARPU of $16.6 per month for quarter
ended Mar 31, 2015
Leading private operator with market share of 12.41%1
Source: Company Filings
Note 1: As of Oct 2014
38
Airtel Business
India’s leading and most trusted provider of ICT services
•
FY15: 6% YoY revenue growth, 1% YoY EBITDA growth
•
Customer base across - enterprises, governments,
carriers and small and medium business.
•
Diverse portfolio of services - voice, data, video, network
integration, data centers, managed services, enterprise
mobility applications and digital media.
•
Strategically located submarine cables and satellite
network - global network running across 225,000 Rkms,
covering 50 countries and 5 continents.
Source: Company Filings
Note:
1.
Post FY09 this segment was reclassified
39
Digital TV Services
•
FY15: 19% YoY revenue growth, 102% YoY EBITDA growth
•
First Company in India which provides real integration of all the
three screens viz. television, mobile and computer enabling our
customers to record their favorite TV programs through mobile and
web
•
Launched “Airtel Digital TV” service in October 2008 as fifth operator
providing Direct-to-Home (DTH) services in India
–
–
–
–
–
•
Subscriber base of ~10.1 million subscribers
Lowest industry churn of 1%
Present across 639 districts
Offer 430 channels including 22 HD channels and 4 interactive services
Also offers High Definition (HD) Set Top Boxes and Digital TV Recorders
with 3D capabilities delivering superior customer experience
Key Performance Indicators (Q4FY15)
–
Average ARPU of $3.4 per month for quarter ended Mar 31, 2015
40
Tower Infrastructure
•
Holds a 42% stake in Indus Towers, amongst
the largest tower companies in the world,
operating in 15 circles, thereby enabling the
Company to provide leading pan-India passive
infrastructure services
2.17
2.11
120,000
2.03
100,000
85,,892
80,000
Towers
6% YoY revenue growth, 13% YoY EBITDA
growth
60,000
Sharing factor (Tenancy ratio) of ~2.03x per
tower
115,942
20,000
1.40
Bharti Infratel conducted its Initial Public Offering
in December 2012, raising $761m for a 10%
stake
•
Current market capitalization of US$11.65 bn1
Bharti Infratel owns 42% stake in Indus Towers
37,196
37,196
Bharti Infratel
Standalone
Bharti Infratel
Consolidated
0
Indus Pro-rata share
Sharing Factor
– one of the world’s largest passive infrastructure providers
Source: Company Filings
Note
1
As of Mar 31, 2015
1.20
1.00
Indus
•
1.80
1.60
48,696
40,000
•
2.00
Sharing Factor (x)
•
41
FINANCIAL
OVERVIEW
Steadily Improving Financials (Consolidated) 1
note: in INR terms
Continued margin improvement
*Net of Mobile Termination cuts
Source: Company Filings
Note:
1.
Africa operations consolidated starting from 8th June 2010
33
Steadily Improving Financials (Consolidated) 1
Total Revenues (US$bn)
Cash Flow from Operations (US$bn)
CAGR of 11.5% (INR)
4.7
CAGR of 3.6% ($)
14.3
14.1
14.2
FY12
FY13
FY14
15.1
4.0
4.1
3.6
13.1
FY11
4.0
FY15
Source: Company Filings
Note:
1.
Africa operations consolidated starting from 8th June 2010
FY11
FY12
FY13
FY14
FY15
44
Stable Margin Growth
32.90%
33.70%
33.70%
35.00%
33.50%
18.56%
16.10%
17.20%
16.90%
15.20%
13.50%
13.30%
7.10%
Q4'14
Q1'15
5.8%
Q2'15
GR YoY growth %
Source: Company Filings
Note:
1.
Africa operations consolidated starting from 8th June 2010
EBITDA %
3.6%
Q3'15
Q4'15
EBIT %
45
Diversified debt profile; focus on deleveraging
Leverage ratios improving
11.8
3
2.5
2.19
2.04
2.06
2.1
2.08
10.8
10.6
10.7
1.5
10.1
10.1
9.8
2
1
9.6
0.5
8.8
0
Q4FY14
Q1FY15
Net Debt ($bn)
Q2FY15
Q3FY15
Q4FY15
Net Debt-EBITDA Ratio
Many strategic initiatives undertaken, further deleveraging
through Africa tower sale underway
Note:
1.
As of March 31, 2015
46 of 44
LEADERSHIP
Leadership in Business
Amongst top 100
most valuable
brands globally
Estimated brand
value of over USD
11 bn, 2012
Study by Millward
Brown, May 2012
Published in Financial
Times
“Brand
Leadership award
in Telecom, 2012”
Bags five awards,
tele.net Telecom
Operator Awards
2013
Brand Leadership
Awards
Sunil Bharti Mittal, Chairman
Honorary Degree awarded by
Newcastle University - 2012
•
‘Business Leader for the World
Award’ from INSEAD in 2011
•
Including most
admired telecom
operator
Number 1 service
brand in India
Top
Treasury
Team, Asia; Adam
Brand Equity’s most
trusted brands annual
survey, 2013
Smith
EuroFinance
One of top ten
brands in Africa
Airtel Nigeria won 3
industry awards at
Nigerian Telecom
Awards
Within 3 years
operations there
of
Rajan Bharti Mittal, Vice Chairman & MD
•
‘Indian Business Leaders of the
Year’ award at the Global India
Business Meeting, 2011
Award,
Including telecom
brand of the year
Akhil Gupta, Deputy Group CEO & MD
•
‘Outstanding Contribution to the
Sector’ award at the Telecom
Operator Awards 2012
•
CFO India Hall of Fame by CFO
India, 2011
48
Highest Standards of Corporate Governance
Credit Rating and Information Services of India (“CRISIL”) has
assigned its Governance and Value Creation rating “CRISIL GVC Level
1” to the corporate governance and value creation practices of Bharti
Airtel
Quarterly financials audited on IFRS, IGAAP basis
IG rating from 3 International Rating Agencies
Diversified Board – 50% independent directors
SingTel representatives on the Board of the company
Professional organization with empowerment to operating team
49
THANK YOU