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Gearing up to Transform Digital Connectivity

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Gearing up to Transform Digital Connectivity GEARING UP TO TRANSFORM DIGITAL CONNECTIVITY Wi-Fi Fiber IBS and smart cells Smart Poles Bharti Infratel Limited Integrated Report & Annual Accounts 2018-19 Reporting Framework Our report follows the International <IR> Framework <IR> as developed by the International Integrated Reporting Council (IIRC), which allows us to tell our members and other stakeholders how we create value for them. www.integratedreporting.org/ Scan this code with a QR reader app on your smartphone or tablet and know more about us The financial and statutory data presented are in line with the requirements of Companies Act, 2013, (including the rules made thereunder), Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Secretarial Standards. The cover design represents www.mca.gov.in an abstract version of digital and technological www.icai.org investments made by Bharti www.sebi.gov.in Infratel, showcasing how well it is positioned to meet www.icsi.edu the growth in the telecom sector. This abstract creative rendition illustrates the new and different technologies that are a part of the business model for Bharti Infratel and form the foundation for next- level business growth. You can also find this report online : www.bharti-infratel.com This Integrated Annual Report focuses indicators. We have tried to cover all Materiality on material developments and issues the aspects that may have a bearing that have an impact on both financial on the business operations and the aspect and non-financial performance value created for stakeholders. This Integrated Report primarily Report pertains to Bharti Infratel Reporting covers the period of 12 months from Limited on standalone basis unless April 1, 2018 to March 31, 2019. otherwise specified. Both the financial period However, there are sections of the and non-financial aspects are in report that represent facts and figures accordance with the applicable laws, of previous years as well. The details regulations and standards of India. and information in the Integrated We have exercised utmost care the correctness, completeness, and Forward-looking in the preparation of this report. up-to-date nature of the information It might include forecasts and/ or taken, and declared as being statements information relating to forecasts. taken, from third parties, as well Facts, expectations, and past figures as for forward-looking statements, are the basis to form forecasts. As it irrespective of whether these derive is the case with all forward-looking from third parties or ourselves. statements, it means that the actual Readers should keep this in mind. result may deviate significantly We undertake no obligation to from the forecast. As a result of the publicly update any forward-looking above-mentioned circumstances, we statements, whether as a result of can provide no warranty regarding new information, future events or otherwise. Bharti Infratel Limited Key company CIN: L64201HR2006PLC073821 NSE Code: INFRATEL information BSE Code: 534816 Listing date: December 28, 2012 To ensure the integrity of the financial performance indicators (“KPIs”) has Assurance and non-financial numbers presented been obtained from Deloitte Haskins in the Integrated Report for the & Sells LLP which is available on our FY 2018-19 (Page no. 1-69), a website at www.bharti-infratel.com. Limited Assurance Statement on key Akhil Gupta D S Rawat Chairman Managing Director & CEO Corporate Information Board of Directors Statutory Auditors Akhil Gupta Deloitte Haskins & Sells LLP Chairman Chartered Accountants Anita Kapur Internal Assurance Partners Independent Director Ernst & Young, LLP Bharat Sumant Raut Independent Director Secretarial Auditor Chandrasekaran Associates D S Rawat Company Secretaries Managing Director & CEO Registered Office Jitender Balakrishnan Independent Director 901, Park Centra, Sector 30, NH-8, Gurugram, Haryana - 122 001, India Leena Srivastava Independent Director Corporate Office N Kumar Bharti Crescent, 1, Nelson Mandela Independent Director Road, Vasant Kunj, Phase – II, New Delhi - 110 070, India Prakul Kaushiva Non-Executive Director Corporate Identification Rajan Bharti Mittal Number (CIN) Non-Executive Director L64201HR2006PLC073821 R P Singh Website Independent Director www.bharti-infratel.com Tao Yih Arthur Lang Non-Executive Director Chief Financial Officer S Balasubramanian Company Secretary and Compliance Officer Samridhi Rodhe Pg Message12 from Chairman Pg Pg Message14 from Bharti 06Infratel at Managing a Glance Director & CEO Inside the Report Integrated Report Management Reports Bharti Infratel at a Glance 06 Business Responsibility Report 72 Performance Review 08 Board’s Report 84 Creating Value for Management Discussion Our Stakeholders 10 & Analysis 127 Message from Chairman 12 Report on Corporate Governance 133 Message from Managing Director & CEO 14 Financial Statements Profile of Board of Directors 16 Consolidated Financial Statements Our Business and Independent Auditor’s Report 162 Value Creation Model 22 Balance Sheet 170 Risk Management 24 Statement of Profit and Loss 171 Financial Capital 27 Statement of Cash Flows 174 Manufactured Capital 30 Notes to Financial Statements 176 Intellectual Capital 35 Natural Capital 41 Standalone Financial Statements Independent Auditor’s Report Human Capital 44 239 Balance Sheet Social & Relationship Capital 50 250 Statement of Profit and Loss Awards 70 251 Statement of Cash Flows 255 Notes to Financial Statements 256 Glossary 310 With the telecommunication sector gaining momentum and progressing forward,the need for innovative and hi-tech technology becomes imperative for telecom companies. Looking at the present panorama of mobile connectivity, it can be assumed that as India races more vigorously towards the tag of digitally connected, consumers hover at the brink of a major telecommunications breakthrough. Smart Pole at Bhopal Smart City At Bharti Infratel, the vision remains the same. Our priority centers around the creation of life changing and As a fresh new year awaits us, cutting-edge technology Bharti Infratel’s outlook is aligned that shall comply with with dreams of a new and digitized India, by replacing obsolete the demands of the infrastructure and bringing in public. In this huge web revolutionary advancements. The of networking where a core of our efforts revolves around our strategy to produce quality and lot of telecom operators trustworthy innovation, along with bank on us, we have a special focus on our social and environmental responsibilities. emerged as a brand that Backed by our past credentials of works actively towards successful endeavours, we look forward to an inspiring metamorphosis achieving sustained of our aspirations into reality. exponential growth. Upon our merger with Indus Towers, we strive to create the largest in- country tower company in the world after China. Bharti Infratel at a Glance India’s leading provider of telecom towers and communications infrastructure, Bharti Infratel, continues to dominate the tower space with 92,277* towers across its 22 telecommunication circles* in the country. Bharti Infratel’s business model is centered around providing infrastructure for co-locating of telecommunication assets, acting as an independent and neutral provider for wireless operators. We emphasise on providing innovative, eco-friendly, efficient, sustainable and quality solutions to create value for our stakeholders. Our portfolio consists of towers we own and operate pursuant to long-term Vision lease arrangements, which provides seamless infrastructure solutions To be the best and across various geographies and most innovative passive locations. communications infrastructure provider globally Known For: Highest Speed & Quality uptime of deployment Cost & Energy Environment efficiencies friendliness * on consolidated basis Conventional Telecom tower at Dodi, Madhya Pradesh 06 Integrated Management Financial Report Reports Statements Bharti Infratel Limited Bharti Infratel at a Glance Integrated Report and Annual Accounts 2018-19 Our DNA In the process of achieving these objectives, we will not compromise on our core values which are: Drive for innovation Commercial thinking • Infuse new ideas to address • Make decisions based on cost emerging market needs and impact and execute them to future possibilities add value • Focus on quality and process simplification 2006 Incorporated as an Independent company 40,388 Develop people and Drive for result Towers set-up partnership (as on March 31, 2019) • Establish mutually rewarding • Proactive approach to internal and external exceed challenging goals and relationships customer expectations • Develop self and high 76,341 performance teams Total Co-locations • Be transparent and consistent in words and actions 580 Market capitalisation (J in Bn) (as on March 31, 2019) Note: All the figures on this page are on standalone basis. 07 Performance Review5 Particulars Units Full Year Ended4 2015 2016 2017 2018 2019 Total Towers Nos 85,892 88,808 90,646 91,451 92,277 Total Co-locations Nos 182,294 195,035 210,606 205,596 172,724 Average Sharing factor Times 2.06 2.16 2.26 2.29 2.06 Closing Sharing factor Times 2.12 2.20 2.32 2.25 1.87 Sharing Revenue per Tower per month H 69,148 74,513 78,318 82,094 77,322 Sharing Revenue per Sharing Operator per month H 33,488 34,499 34,648 35,702 36,886 Consolidated financials Revenue 1 H Mn 115,646 123,313 134,237 144,896 145,823 EBITDA 1 H Mn 49,215
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