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Bharti Airtel Ltd.

BSE: 532454 Sector: Telecom
NSE: BHARTIARTL ISIN Code: INE397D01024
BSE 00:00 | 10 Aug 714.95 10.60
(1.50%)
OPEN

719.00

HIGH

719.00

LOW

706.00

NSE 00:00 | 10 Aug 715.25 10.90
(1.55%)
OPEN

713.90

HIGH

718.00

LOW

706.00

OPEN 719.00
PREVIOUS CLOSE 704.35
VOLUME 330344
52-Week high 781.90
52-Week low 572.95
P/E
Mkt Cap.(Rs cr) 397,744
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 719.00
CLOSE 704.35
VOLUME 330344
52-Week high 781.90
52-Week low 572.95
P/E
Mkt Cap.(Rs cr) 397,744
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bharti Airtel Ltd. (BHARTIARTL) - Chairman Speech

Company chairman speech

Dear Shareholders

Amidst new COVID-19 variants geo-political crises soaring commodityprices and high inflation this financial year saw India emerge as a bright spot in theglobal economy. This is testament to our government's steadfast focus on making Indiaan economy that is prepared to not just participate but lead in the technology value chainand the fourth industrial revolution. With the active involvement of the private sectorprodigious efforts were made to increase industrial competitiveness make internal marketsmore efficient and incentivise investments in sectors of the future. We must all prepareto take a big step forward and have the courage to do things in a new way with renewedconfidence.

For the Indian telecom industry the year FY21-22 began on this verynote. The government ended years of dissonance within the sector and announced pivotalreforms that addressed the financial stress on the industry along with a softer regulatoryregime with reduced procedural formalities. These reforms have emboldened the investmentcycle within the industry for upgrading and extending India's digital highways.

Digitisation has proved to be a bulwark for the economy during thepandemic and will continue to be the most powerful force of socio-economic change in thecountry. It is important that investments towards digitisation flow unabated at alllevels but especially towards creating hard digital assets and networks.

It is my strong belief that Airtel must continue its role inIndia's digitisation journey. Keeping this in mind Airtel raised nearly $3.5 Bn inequity to add to our capacity to execute faster across our national footprint.Operationally Airtel pressed the pedal harder to accelerate growth in each businesssegment - whether mobile services non-mobile or digital.

Mobile Services

Newly acquired spectrum was fired up during the year bolstering highspeed data capacity and network reach across circles. With a stated objective of ARPUexpansion your company focused on attracting high quality and discerning customers inboth the prepaid and the postpaid segments.

Airtel outperformed competitors in expanding revenue market sharethrough incremental 4G net-adds adding 21.5 Mn in the year to cross the 200 Mn 4Gsmartphone customer threshold.

A brilliant experience built over a 5G ready network played an integralpart in delivering a robust performance. Airtel took the lead in 5G by testing the networkahead of the competition and became the first operator in India to demonstrate a 5G cloudgaming experience and conduct a successful 700 Mhz band trial for rural connectivity. Wecan proudly say that Airtel will be at the forefront of bringing 5G connectivity to Indiawith a powerful network that will support India's digital-first economy.

Non-mobile

Our solid execution machine encompassed all other segments - HomeBroadband Digital TV and Airtel Business. On Home Broadband Airtel expanded itson-ground presence significantly through an innovative asset-light local cable operatorpartnership model leading to a customer base increase of almost 50% YoY to ~4.5 Mn.Equally your company continues to leverage its integrated connectivity presence throughAirtel Black a perfect example of convergence play. Enterprise business accelerated toYoY double digit growth on the back of a strong focus on connectivity solutions as well asemerging businesses including cloud services cyber security data centers and IoT.

Tapping another robust growth opportunity emerging out of surgingdemand for reliable data center solutions rising digital usage cloud consumption and theupcoming 5G rollout Airtel announced Rs 50 Bn of investment in data centers businessNxtra with a target to triple the installed capacity.

Digital

As millions of Indians enter the digital economy Airtel's coretelecom business is the foundation on which a future-proof business will be built tosustain a vital period of transformation. The silent but steady evolution of services andofferings at Airtel has resulted in incremental value creation from our digital assetsincluding Wynk Music Thanks Xstream Ads and IQ. Equally important to note is the riseof Airtel Payments Bank which has been growing by leaps & bounds and now has acustomer base of over 129 Mn. The early successes in our digital endeavors makes us evenmore confident that in the next few years digital services will add several billiondollars to the company's revenue while maintaining an asset light approach.

Partnerships

With a customer obsessed approach we continue to drive deeppartnerships with industry leading players like Amazon CISCO Ericsson Google IBMIntel Meta Microsoft Netflix Nokia Oracle Qualcomm and many more.

Africa

On the back of a consistent and fundamentally strong business strategyour African operations continue to demonstrate a sustainable and profitable growthtrajectory creating value for all stakeholders. We continued to hold leadership positionas the largest or second-largest operator by customer market share in 13 out of 14 marketsin Africa. Airtel Africa plc achieved a landmark by joining the FTSE 100 after just twoand half years of being listed. The company also secured the final approval for its mobilemoney license in Nigeria.

Network Infrastructure

On the towers front given the stabilising industry structure andemerging opportunities related to future 5G rollouts we expanded our shareholding to~47.95% in Indus Towers. The company continues to exemplify the benefits of sharednetworks and will be a formidable player in future rollouts.

Strong Balance Sheet

Continuing on our belief of a strong balance sheet providing firepowerto the on-ground teams the company proactively raised funds in the form of partly paidrights issue and strategic equity sale to Google. With a focus to optimise cost offinancing and achieve a stronger balance sheet the company strategically pre-paidsubstantial amount of high cost spectrum debt financing it through the rights issue anddebt raised at a significantly lower cost. Simultaneously the company's operationalexcellence is translating into healthy cash flow generation and in turn helping usdeleverage at an accelerated pace.

CSR

Bharti Foundation wasn't behind the pack in leveraging digital forits philanthropic work in the area of education. Whether it was video call lessons forstudents impacted by school closures online self-paced teacher training modules or usinged-tech enabled platforms like digital classrooms and robotic labs - the Foundationcontinued on the path of digitisation and delivering long-term value to society.

Sustainability & Governance

As a company we are committed to greening our network by reducingcarbon emissions incorporating renewable energy sustainable waste management anddeveloping a robust climate change compact plan. In addition to these initiatives andconstitution of an ESG committee of directors the company continued to maintain thehighest standards of governance backed by full transparency and disclosures. As a resultthe company was again rated the highest GVC Level 1 by CRISIL for corporate governancepractices and value creation.

My sincere gratitude to our valued customers resilient employeesmanagement leadership team investors partners suppliers entire distribution networkand our shareholders for their unflinching trust and support.

A special thanks to the Board of Directors for their contributions andfor guiding the company through various challenges. I thank Mr. Manish Kejriwal and Mr.Shishir Priyadarshi for their contribution and service to the company as Board members.I'd also like to welcome Mr. Pradeep Kumar Sinha and Mr. Shyamal Mukherjee to theBoard.

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