Investor Presentation - Bharti Airtel Limited June 2009 - Amazon S3
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Investor Presentation Bharti Airtel Limited June 2009
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 This presentation is not being used in connection with any invitation of an offer or an offer of securities and should not be used as a basis for any investment decision. “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.” Investor Relations :- http://www.bhartiairtel.in For any queries, write to: ir@bharti.in
Bharti Airtel crosses 100 Mn customers
9 Third company in the world to cross 100 million subscriber mark in a Single country
9 Joins China Mobile and China Unicom in the 100M-Plus Club
9 Sixth largest integrated operator in the world after China Mobile, China Unicom, China
Telecom, AT&T and Verizon
9 Started in 1995…took 13-1/2 years to reach 100 million mark
9 If Airtel customers were to form a single country, it would be 12th the largest country in
the world
9 Continues to lead Revenue Market Share and Subscriber Market Share
What’s Next …
9 Plans to reach 200 million users in the next 2-1/2 years
9 Next phase of growth will come from Rural India which is still under penetrated
9 MNP and 3G will also act as catalyst in spurring further growth
Proud to lead the telecom revolution…positively impacting the lives of people
3
Mobile Services Telemedia Services Enterprise Services
Advantage India
Population: 1.1 billion
→ increasing urbanisation
→ relatively large youth population
GDP Growth (Real) : ~6.7%
→ second highest growing economy
GDP Size (PPP adjusted): US$ 3 trillion
→ fourth largest economy in the world
Telecom penetration: 38.88% (452.91 mn
telecom subs)
→ one of the lowest
→ Govt. target to reach 500 mn. telecom
subs by 2010
Broadband penetration: 0.55% (6.40 mn)
→ one of the lowest
→ Govt. target to reach 20 mn.
Broadband subs by 2010
Deep Domestic Demand…Huge Growth Potential
Note: (1) Telecom and Broadband penetration is as at May 31st 2009, as per TRAI press release.
4
Mobile Services Telemedia Services Enterprise Services
The Company...Bharti Airtel – An Integrated Telco
Wireless Services Enterprise Services
2G/3G Carriers
Rural Market Corporate
Telemedia Services Passive Infrastructure
Services
Fixed Line
Broadband
DTH (Media)/IPTV
Fully integrated telecom player offering end to end solutions
5
Mobile Services Telemedia Services Enterprise Services
Bharti Airtel - positioning in the world and India
3rd LARGEST wireless operator in the world1
LARGEST private INTEGRATED telecom company in India
6th LARGEST INTEGRATED telecom operator in the world
LARGEST WIRELESS operator in India
LARGEST private FIXED LINE operator in India
LARGEST operator in NLD, ILD and VSAT business
LARGEST TELECOM company listed on Indian Stock Exchanges
Note: (1) 3rd largest wireless operator in the world refers to in-country (single country) operator based on the number of subscribers.
6
Mobile Services Telemedia Services Enterprise Services
Latest Results – Q4 FY08/09
Key operating and financial metrics Continued Strong Performance
Q4 FY 09 Y-on-Y Wireless Customer market share leadership at
24.0%.
Customers 96.65 mn 50.0%
Total minutes on network carried in Q4 – 150 billion
Revenue $ 1,928 mn 25.6% Total employee strength – 24,538
Balance sheet strength:
EBITDA $ 785 mn 23.1%
Assets - $ 12 billion
Cash Profit $ 743 mn 24.8%
Net debt - $ 629 million*
Net Income $ 440 mn 20.9% Net debt to EBITDA - 0.25 times*
Continues to be FCF positive on a standalone basis
EBITDA Margin 40.7%
Company declared Maiden dividend of 20% of face
Net Profit Margin 22.8% value for the year.
Board has also proposed sub-division (share split)
ROCE 30.8%
of existing equity shares of Rs. 10/- each into two
ROE 32.6% equity shares of Rs. 5 each.
Note: * Net Debt is excluding fully and compulsory convertible, non-cumulative, unsecured and interest free Debentures of US$ 738.
7
Mobile Services Telemedia Services Enterprise Services
Segment contribution…Rev, EBITDA and Investment
Revenue EBITDA
4% 7% 1% 5% 7% -3%
18%
20%
9% 65%
84% 9%
Mobile Services Telemedia Services Mobile Services Telemedia Services
Enterprise Services - Carriers Enterprise Services - Corporates Enterprise Services - Carriers Enterprise Services - Corporates
Passive Infrastructure Services Others Passive Infrastructure Services Others
INVESTMENTS
1%
24%
49%
1%
13%
11%
Mobile Services Telemedia Services
Enterprise Services - Carriers Enterprise Services - Corporates
Passive Infrastructure Services Others
Note: (1) Revenue and EBITDA is gross of inter segment eliminations.
8
Mobile Services Telemedia Services Enterprise ServicesPerformance dashboard - 3 line graph
110,000 74% 74% 73% 72%
70%
70.0%
100,000
Amount in Rs. Mn
96,334 98,245
90,000 60.0%
90,2 03
80,000 84,833
50.0%
78,191
70,000
35% 40.0%
60,000 34% 35% 34 %
33%
50,000 30.0%
Q4FY08
Q3FY 09
Q4FY 09
Q 1FY09
Q2FY09
Gross Revenue (Rs mn.) (LHS) Opex to Gross Rev (RHS) Capital Productivity
Productivity Indicators = growing revenues + cost efficiencies + capital productivity
9
Mobile Services Telemedia Services Enterprise ServicesRecently in news...
• Announced Managed Services Joint Venture with Alcatel-Lucent to manage Bharti Airtel’s pan-
India Broadband and Telephone services and help Airtel’s transition to Next Generation Networks.
• Offered Net PC by launching cloud computing service on broadband – a low-cost online computer
for its broadband customers.
• Airtel digital TV launched “Magic dekho, talk time pao” offer - Exclusive offer only for Airtel Prepaid
Mobile customers across the country where on buying a digital TV connection at Rs. 2000 with 3
months of Super Value Pack, the Airtel Prepaid Mobile customer receives 1000 minutes of local Airtel to
Airtel talk time.
• Partnered with UK based in-flight solutions company, AeroMobile, to offer in-flight cell phone
connectivity to its customers.
• Signed a 5 year multi million dollar content partnership deal with Manchester United (world’s
second richest football club) to provide Airtel’s subscribers across India, Sri Lanka and Seychelles,
exclusive access to United football’s content over mobile.
• Announced managed services deal with Comviva for its value added portfolio to manage around
2000+ of Airtel’s VAS nodes across India from various partners to meet the defined service level
agreements.
10
Mobile Services Telemedia Services Enterprise ServicesWireless Services
11
Mobile Services Telemedia Services Enterprise ServicesIndian Wireless Market…KPIs
JK Sub Base : 415.25 mn
→second largest market
HP
PB Wireless Penetration: 35.8%
UP(W) →lowest in the world
HAR
HHI Index: very high
DELHI
DEL
→one of the most competitive market
RAJ AS
UP(E) Prepaid Base: 90%+
BH
NE →one of the highest in the world
GUJ MADHYA MP
PRADESH` WB
Usage per sub per month:
OR Kol Minutes: 430
MAH →one of the highest
MUM
Metros ARPU: ~ US$ 5.95
→one of the lowest
AP A Cat.
KK Rate per minute: 1.4 cents
B Cat. → one of the lowest in the world
CHN
VAS: ~ 9%
TN C Cat.
KER →One of the lowest
Note: (1) Subscriber numbers and wireless penetration numbers as at May 31, 2009 as per TRAI. (2) Other indicators on the slide are based on QE Mar, 2009 Global Wireless
Matrix released by Merrill Lynch, and reflective of Industry numbers.
12
Mobile Services Telemedia Services Enterprise ServicesRapidly Growing Wireless Market
Net Adds in May…11.6 Mn, a more sustainable
number than 15 Mn average net adds per month S-curve triggered
in last quarter
Closing Customers (mn) Net Adds (mn) 90%
450 11 80%
400 10 70%
9
350 60%
8
300 7 50%
250 6
40%
200 5
4 30%
150
3 20%
100
2
50 10%
1
- - 0%
1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019
Fastest Growing Market in the World
Note: (1) Actual Data as per Industry Association Releases and Industry Estimates.
13
Mobile Services Telemedia Services Enterprise ServicesWireless Market Structure
Subscriber Trends Customer Market Share – CMS (%)
25.0% 24.0%
24.0%
120.00 23.0%
99.55 21.0%
100.00 18.6% 17.8%
19.0%
77.22 17.6% 17.1%
80.00 74.08 17.0% 16.3%
58.17 15.0% 14.0%
(mn)
60.00
41.24 13.0%
32.72 36.49 9.9%
40.00 28.18 28.50 11.0%
26.61 9.4% 8.8% 9.2%
12.96 15.10 9.0%
20.00 11.01 10.74 6.9%
7.0% 6.4%
- 5.0%
BSNL+MTNL
Vodafone
Airtel
Reliance
Idea
Tata
Others
Vodafone
BSNL+MTNL
Airtel
Idea
Tata
Reliance
Others
May-09 May-08 Net adds during the year CMS(May'09) CMS(May'08)
• Airtel continuously consolidating its market leadership position despite intense competition
• Airtel current monthly net adds at 2.81 million vs. 2.46 million a year ago
• Airtel ranks 1& 2 in 19 circles in terms of number of subscribers
• 64% of net adds coming from B&C circles (rural India)
Airtel Continues to lead on Revenue Market Share
14
Mobile Services Telemedia Services Enterprise ServicesCompany Highlights on
Wireless Services
15
Mobile Services Telemedia Services Enterprise ServicesFirst mover advantage / Product innovations
Electronic
Easy Music
Recharge /
Micro
Prepaid
Life time validity product
Hello Tunes
(Ring Back
Tones)
Song Catcher
Call Home Service
Music on Demand
Airtel Live
(Portal) Google
search Portfolio Manager
(Stock Tracker)
Money Transfers
iPhone
Blackberry
M Commerce
¨ focus on product innovations
16
Mobile Services Telemedia Services Enterprise ServicesPerformance Indicators - Financial
Revenues (USD mn) EBITDA (USD mn) & Margin (%)
41.0 40.8 35.5 30.7 30.2 31.4 31.5
1,700 1,614 550
1,600 1,558
1,500 1,430 508
1,400 1,357 500 490
1,300 1,260
1,200 1,101 450
449 447
1,100 432
993
1,000 416
407
900 400
Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q208 Q308 Q408 Q109 Q209 Q309 Q409
17
Mobile Services Telemedia Services Enterprise ServicesPerformance Indicators - Operational
Customers & Market Share Prepaid/Postpaid
100.0 28.0% 105.0%
93.9
90.0 27.0% 100.8%
85.7 100.0%
80.0 77.5 26.0%
93.5% 94.2%
69.4 95.4%
70.0 25.0% 95.0% 92.3% 92.9%
62.0 91.6%
55.2 24.6% 24.7% 90.4% 91.0%
60.0 24.2% 24.0%
48.9 23.7% 24.0% 90.0%
50.0 23.4% 23.6% 23.0%
40.0 22.0% 85.0%
Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q208 Q308 Q408 Q109 Q209 Q309 Q409
Prepaid Subs Prepaid Net Adds
Customers (Mn) CMS (%)
ARPU & RPM MoU/Sub/Month & MON
7.5 7.2 1.6 550 507 534 526 150.0
1.5 7.0 7.0 505 485
7.0 1.5 6.9 1.5 500 130.7
469 474 123.6
1.4 6.5 1.4 115.8 100.0
6.5 6.4 450 105.2
1.3 1.2 1.3 6.0 1.3 89.1
6.0 400 73.8
1.2 1.2 64.4 50.0
5.5 1.1 350
5.0 1.0 300 0.0
Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q208 Q308 Q408 Q109 Q209 Q309 Q409
ARPU (US$) RPM (US Cents) MOU / sub Total mins (bn)
18
Mobile Services Telemedia Services Enterprise ServicesRoad map – Wireless Market
Current Proposed
Presence Operational in 22 circles of India on GSM Looking for options primarily in
technology. emerging markets.
Launched Operations in Srilanka Option in emerging markets….
Population 81% of population covering 5060 census • Poised to cover all census towns and
Coverage towns and over 4 lakh non-census majority of non-census towns and
towns and villages. villages
• Penetration wider and deeper into rural
India
Network Rollout & • Hive off of passive infrastructure into a • Network sites ~ 100,000 +
Strength separate independent tower company
• Plan to get 3G license and spectrum.
• Largest GSM (900/1800 Mhz) network
in India comprising of over 93,368
network sites
• Strong partners: Ericsson; Nokia;
Huawei; Alcatel Lucent
19
Mobile Services Telemedia Services Enterprise ServicesRoad map – Wireless Market
Current Proposed
Sales & • One of the widest distribution • Continue distribution expansion,
Distribution network. especially in rural areas
Network
• Following the FMCG company
distribution model - Match Box
Approach
• Present in over a million PoP in India.
• Tie-up with IFFCO, an edge over
others to reach out to Rural India
Customer Service • Continuous improvement in CSAT • Focus on service through service
scores training and employee sensitivity
• Multi pronged service strategy in • Unified service backend for enhanced
place customer experience
Employee • Significant improvement in • Sustain employee engagement
Engagement employee engagement
• Focus on employee capability
• Awarded “Great Work Place 2008” by development and leadership pipeline
Gallup
20
Mobile Services Telemedia Services Enterprise ServicesCurrent positioning and way forward…
Leadership Positioning Growth strategy and plans
Revenue New Revenue
Streams
Revenue size ($ 6 Bn) Changing face of
Revenue Market growth through M-Com,
Share M-entertainment & 3G
Cost
Net Adds
Improving cost efficiencies Maximizing
Non financial Driven by rural strategy
Lowest cost GSM network usage
vitals
Brand Increasing the usage through U&R drive
Distribution Wallet share
Churn lower than industry
Spectrum Mix (900/1800 MHz)
21
Mobile Services Telemedia Services Enterprise ServicesTelemedia Services
22
Mobile Services Telemedia Services Enterprise ServicesA snapshot
Largest private operator having presence in the voice and data (broadband).
Foraying into the media space - IPTV & DTH (Direct-To-Home) services.
Key Performance Indicators
1. Voice (wire-line) and Data (DSL) Presence in 95 top cities of India.
2. Target Segment : Retail and Small and Medium Enterprises.
3. Customer base: 2.8 million (end May,2009)
4. Broadband (DSL with speeds>256 kbps) penetration at 39% of customer base.
5. Average ARPU for Quarter ended March’09 $ 21.0 per month.
6. Segment contributing to 9% of overall revenues of the company.
7. EBITDA margin of over 42.1%.
Broadband revolution to follow wireless revolution in India
23
Mobile Services Telemedia Services Enterprise ServicesTelemedia Services
Business Units Media SMBs Homes
• Voice
• DTH • Broadband
Products • Data
• IPTV • Voice
• Mobile Services
A Pan-India DTH Dominant Broadband &
One-Stop Shop for All
Businesses; and a Fixed Voice share of the
Goal Airtel Services and
targeted IPTV Presence affluent in targeted 95
Solutions to SMBs
in top metros cities
• Deeper & Not Wider: 95
• Best-in-class
• Data Products: Cities
technology:
Internet, MPLS etc • Vertical & Not
• World-class Installation
• Integrated Solutions to Horizontal: Hi-Rise
& Customer Service
Strategies Drive Share of wallet • Network Enhancement
• Interactive VAS to Drive
• Strategic Alliances to Deliver 8+ MBPS
ARPU enhancement
• Indirect Channel to • New Products & VAS to
• One Airtel Synergies for
Drive Penetration drive Flat, Combo
Distribution, Brand & IT
Plans
24
Mobile Services Telemedia Services Enterprise ServicesProduct Portfolio
Our Media Play
25
Mobile Services Telemedia Services Enterprise ServicesPerformance Indicators
Revenues (USD mn) EBITDA (USD Mn) & Margin (%)
190 39.7 43.4 43.8 42.2 43.6 41.7 42.1
80.0
180 75.0 73
69 71
168 70.0 66
167 66
170 166
65.0 62
157 60.0
160
55.0 55
150
150 50.0
143
45.0
140 40.0
Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q208 Q308 Q408 Q109 Q209 Q309 Q409
Customers (overall & DSL) ARPU (USD)
2,750 1,072 1,200 28.0
992
922 22.6 22.4 22.3 22.3 22.5 21.6
2,500 853 2,726 1,000 24.0 21.0
751 795
2,619 20.0
2,250 705 2,509 800
2,283 2,394
2,178 16.0
2,000 2,075 600
12.0
1,750 400
8.0
1,500 200 4.0
1,250 0 0.0
Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q208 Q308 Q408 Q109 Q209 Q309 Q409
B&T Customers ('000) DSL Customers ('000)
26
Mobile Services Telemedia Services Enterprise ServicesEnterprise Services
27
Mobile Services Telemedia Services Enterprise ServicesA snapshot
Carrier: - one of the largest carriers of voice and data, both domestic and international.
Corporate: - providing end to end telecom solutions to large corporate and Small &
Medium Businesses.
Present Competition:
National Long Distance: BSNL; Reliance; VSNL; Vodafone; Tata
International Long Distance: VSNL, Bharti, Reliance, BSNL
28
Mobile Services Telemedia Services Enterprise ServicesEnterprise Services – Carriers NLD
Voice Network
Jalandhar
Chandigarh
Delhi
Jaipur Lucknow
Ahmedabad
Bhopal
Kolkata
Nagpur
Mumbai
Hyderabad
Bangalore Chennai
Coimbatore
Ernakulam
captive traffic (group traffic) ~ 90 %
Legend
Existing OFC Route NLD minutes carried (Q4FY09) 11.7 Bn Min
Under Execution
optic fibre capacity (Q4FY09) 101,337 km
29
Mobile Services Telemedia Services Enterprise ServicesEnterprise Services – Carriers ILD
London
Bude
EIG
Marseilles
Monaco
Sesimbra Palermo Los Angeles
Catania
Gibraltar
Annaba IMEWE Chikura
Bizerte
Tripoli
EIG UNITY
San Luis
Tajoura Obispo
Alexandria
Suez
Fujairah
Karachi
SJC
Hong Kong Hawaii
Cox’s Bazaar
Muscat La Union
AAG
Port Sudan Jeddah
E Mumbai
Guam
W
I ME Nasugbu
C
W4
AAG
SJ
Sri Racha
Djibouti SM Chennai Vung Tau
Satun
Colombo i2 i Songkhla
Melaka
Kuantan
4
W
Mogadishu Tungku
Mersing
SM
y
Mombasa Singapore
S
EAS
Dar es Salaam
SEA-ME-WE-4 Connectivity to West
Toliary
i-2-i Connectivity to East
Maputo
ILD minutes carried (Q4FY09) 2.8 Bn Min
ILD gateways 4
Mtunzini
landing stations 2
30
Mobile Services Telemedia Services Enterprise ServicesPerformance Indicators - Carriers
Revenues (USD mn) EBITDA (USD mn) & Margin (%)
34.5 32.2 32.0 43.9 43.2 45.4 45.1
400.0
160.0 158 155
348 144
360.0 334 344 140.0 135
308 120.0
320.0
100.0
280.0 80.0 72 79
247 68
240.0 223 60.0
197 40.0
200.0
20.0
160.0 0.0
Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q208 Q308 Q408 Q109 Q209 Q309 Q409
Voice Minutes on Network
12,000 11,349 11,609 11,690
10,322
10,000 9,398
7,898
8,000 6,774
6,000
4,000
2,048 2,284 2,603 2,772
1,591 1,850
2,000 1,345
0
Q208 Q308 Q408 Q109 Q209 Q309 Q409
NLD Minutes (mn) ILD Minutes (mn)
31
Mobile Services Telemedia Services Enterprise ServicesEnterprise Services - Corporates
Mobile services Voice services
Satellite services Managed data &
Internet services
competition limited
segment one stop telecom solution
target 2,000 top large corporates
Managed e - Managed customized leveraging integrated play
business services integrated solutions
32
Mobile Services Telemedia Services Enterprise ServicesPerformance Indicators - Corporates
Revenues (USD mn) EBITDA (USD mn) & Margin (%)
41.9 41.9 57.0 45.7 41.4 42.9 49.3
60.0
120.0
40.0
100.0 96 42
40 40
35 34
80 81 28 27
80.0 74 76 20.0
67
65
60.0 0.0
Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q208 Q308 Q408 Q109 Q209 Q309 Q409
33
Mobile Services Telemedia Services Enterprise ServicesPassive Infrastructure Services
34
Mobile Services Telemedia Services Enterprise ServicesA snapshot
Bharti Infratel operates in 11 circles.
Indus Tower operates in 16 circles.
Standard Master Services Agreement with competitive rates already in place.
Key focus areas:
To increase sharing factor (tenancy) from current levels of 1.34 for Infratel and 1.48 for Indus.
Provide energy optimization solutions and other network management services.
Evaluate other revenue streams.
To reduce sharing revenue per sharing operator through increased sharing factor and
efficiencies
Key performance Indicators (Infratel):
Total Towers: 27,548 (nos)
Sharing Factor: 1.34
Sharing Revenue per sharing operator per month at Rs. 33,586.
EBITDA margin: 40.1%
Key performance Indicators (Indus):
Total Towers: 95,154 (nos)
Sharing Factor: 1.48
Aim to be the preferred choice of vendor for all existing and new operators
35
Mobile Services Telemedia Services Enterprise ServicesRecent Honours
36
Mobile Services Telemedia Services Enterprise ServicesBharti Airtel – Leadership in business Recent Honours
Bharti Airtel and IFFCO JV
Awarded with top honors at the Adjudged Wireless Service bagged the “Best Content
GSMA Mobile World Congress Provider of the Year 2009 - Service” award and Gujrat E-
Conference 2008 in Barcelona Frost & Sullivan Asia Pacific Gram project executed by
for the category “Best Billing/ ICT Awards Bharti Airtel won “Best
Customer Care solution” ( in recognition of innovation, vision ,
Project Management” award
strategy and profitability)
at the world Communications
Awards at London
Best Cellular Service
Provider and Best
Broadband Service
Voted as the India’s Most
Provider at the 2008 V&D Sunil Bharti Mittal, Chairman &
Innovative company in a
100 Awards Group CEO
survey conducted by Wall
Street Journal • GSM Association Chairman’s
Award 2008
• Chosen for Padma Bhushan Awards
in 2007
Best Carrier India at the Won Platinum Trusted
Telecom Asia Award 2008 Brand Award in Mobile Sarvjit Dhillon, Group Director
Service Provider category in • Best Performing CFO in Telecom
Reader Digest Asia Trusted sector by CNBC-TV18 in Mar’09
Brand’s Survey
37
Mobile Services Telemedia Services Enterprise ServicesDisclaimer 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 This presentation is not being used in connection with any invitation of an offer or an offer of securities and should not be used as a basis for any investment decision. “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.” Investor Relations :- http://www.bhartiairtel.in For any queries, write to: ir@bharti.in
Option in emerging markets….
9 Renewed effort of possible partnership between Bharti and MTN
9 Potential transaction between the two would create a leading telecommunications service
provider with combined subscriber base of over 200 million and revenues of over $20
billion.
9 Pursuant to the scheme, Bharti will acquire a stake of 49% in the enlarged capital of MTN
and in turn, give MTN & its shareholders 36% economic interest in Bharti.
9 Bharti would have substantial participatory and governance rights in MTN enabling it to
fully consolidate the accounts of MTN
9 MTN would have appropriate representation on the Bharti Board.
9 Both the companies will stand to benefit from sharing each other’s best practices in
addition to savings from enhanced scale.
9 The two companies have decided to discuss the potential transaction exclusively with
each other until 31st July 09.
Discussion at an early stage and may or may not lead to any transaction
39
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