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Bharti Infratel Limited Bharti Infratel Limited Integrated Report & Annual Accounts 2019-20 UNLOCKING OPPORTUNITIES for a BETTER FUTURE

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Bharti Infratel Limited Bharti Infratel Limited Integrated Report & Annual Accounts 2019-20 UNLOCKING OPPORTUNITIES for a BETTER FUTURE Bharti Infratel Limited Bharti Infratel Limited Integrated Report & Annual Accounts 2019-20 UNLOCKING OPPORTUNITIES FOR A BETTER FUTURE 2019-20 Integrated Report & Annual Accounts Bharti Infratel Limited Registered office: 901, Park Centra, Sector 30, NH-8, Gurugram, Haryana - 122 001, India CIN: L64201HR2006PLC073821 www.bharti-infratel.com Our report follows the International The financial and statutory data <IR> Framework <IR> as developed by presented are in line with the the International Integrated Reporting requirements of Companies Act, 2013 Council (IIRC), which allows us to tell (including the rules made thereunder), our members and other stakeholders Indian Accounting Standards, the how we create value for them. Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and www.integratedreporting.org/ the Secretarial Standards. www.mca.gov.in www.icai.org Scan this code with a QR reader app on your smartphone or tablet www.sebi.gov.in and know more about us You can also find this report online : www.icsi.edu www.bharti-infratel.com Pg Message020 from Chairman The Company has declared three interim dividends of K3.65, K2.75 and K4.10 per equity The image on the cover showcases Bharti Infratel’s Smart Poles installed share for FY 2019-20. across the city of Bhopal, India. The Smart Poles, built with future-ready technologies of telecom represent Bharti Infratel’s capabilities to deliver This led to total dividend solutions and services that enable the telecom operators to deliver of K10.50 per equity seamless operations. These next generation technologies position share for FY 2019-20. Bharti Infratel perfectly to unlock opportunities for a better future. Materiality Forward-looking Key Company Aspect Statements Information This Integrated Report focuses on We have exercised utmost care Bharti Infratel Limited material developments and issues in the preparation of this report. that have an impact both on financial It might include forecasts and/ or CIN: L64201HR2006PLC073821 and non-financial performance information relating to forecasts. BSE Code: 534816 indicators. We have tried to cover all Facts, expectations, and past figures the aspects that may have a bearing are the basis to form forecasts. As NSE Code: INFRATEL on the business operations and the with all forward-looking statements, Listing date: December 28, 2012 value created for stakeholders. which means the actual result may deviate significantly from the forecast. As a result of the above-mentioned Reporting circumstances, we can provide no Assurance Period assurance regarding the correctness, completeness, and up-to-date To ensure the integrity of the financial This Integrated Report primarily nature of the information taken, and non-financial numbers presented covers the period of 12 months from and declared as being taken, from in the Integrated Report for the April 1, 2019 to March 31, 2020. third parties, as well as for forward- FY 2019-20 (Page no. 1-69), a However, there are sections of the looking statements, irrespective Limited Assurance Statement on key report that represents facts and of whether these derive from third performance indicators (“KPIs”) has figures of previous years as well. parties or ourselves. Readers should been obtained from Deloitte Haskins The details and information in the keep this in mind. We undertake no & Sells LLP which is available on our Integrated Report pertains to Bharti obligation to publicly update any website at www.bharti-infratel.com. Infratel Limited on standalone basis forward-looking statements, whether unless otherwise specified. Both the as a result of new information, future financial and non-financial events or otherwise. aspects are in accordance with the applicable laws, regulations and standards of India. Akhil Gupta D S Rawat Chairman Managing Director & CEO Board of Directors Internal Assurance Partners Mr. Akhil Gupta Chairman Ernst & Young, LLP Ms. Anita Kapur Independent Director Internal Auditor Mr. Bharat Sumant Raut Mr. Sudeep Chopra Independent Director Mr. D S Rawat Secretarial Auditor Managing Director & CEO Chandrasekaran Associates Mr. Jitender Balakrishnan Company Secretaries Independent Director Dr. Leena Srivastava Registered Office Independent Director 901, Park Centra, Sector 30, NH-8, Mr. N Kumar Gurugram, Haryana - 122 001, India Independent Director Mr. Rajan Bharti Mittal Corporate Office Non-Executive Director Bharti Crescent, 1, Nelson Mandela Mr. R P Singh Road, Vasant Kunj, Phase – II, Independent Director New Delhi - 110 070, India Mr. Tao Yih Arthur Lang Non-Executive Director Corporate Identification Number (CIN) Chief Financial Officer L64201HR2006PLC073821 Ms. Pooja Jain Website Company Secretary and www.bharti-infratel.com Compliance Officer Ms. Samridhi Rodhe Statutory Auditors Deloitte Haskins & Sells LLP Chartered Accountants Integrated Report A Management Reports B Bharti Infratel at a Glance 006 Business Responsibility Report 070 Performance Review 008 Board’s Report 080 Our Business Model 010 Management 122 Discussion & Analysis Risk Management 012 Report on 130 Stakeholder Engagement 016 Corporate Governance Message from Chairman 020 Message from 022 Managing Director & CEO Financial Statements Profile of Board of Directors C 024 Consolidated Financial Capital 030 Financial Statements Manufactured Capital 033 Independent Auditor’s Report 158 Intellectual Capital 040 Balance Sheet 166 Natural Capital 045 Statement of Profit and Loss 167 Human Capital 049 Statement of Cash Flows 170 Social & Relationship Capital 056 Notes to Financial Statements 172 Notable Achievements 069 Standalone Financial Statements Independent Auditor’s Report 238 Balance Sheet 248 Statement of Profit and Loss 249 Statement of Cash Flows 252 Notes to Financial Statements 254 The Company as part of essential services Glossary continues to serve the 308 nation during lockdowns due to Covid-19, no material impact of the same so far. Catering to diverse Pg demands, we consistently Message022 from Pg Managing Director enrich our portfolio to fulfill & CEO the evolving needs of our stakeholders. Pg033 Manufactured Capital Opportunities to carve the future of digital connectivity and pave the path for strategic advancements. India today stands witness to a dynamic telecommunications space, introducing novel ideas and catering to an expanding customer base. Its burgeoning growth coupled with limitless service offerings is creating opportunities designed to transform Solar energy enabled telecom tower at Sehore (near Bhopal) telecommunication in the near future. Bharti Infratel remains steadfast Making way for revolutionary in its commitment to play an transitions, Bharti Infratel instrumental role in facilitating aspires to redefine the robust seamless connectivity, tower infrastructure industry introducing state-of-the-art with its strategic efforts. technology that augurs well for Aligning our thoughts and the future. As India remains at processes with the ambitious the helm of a digital revolution, Digital India programme, we propelled by increased digital are constantly innovating, penetration, an influx of new strengthening our core users and the domination operations and fulfilling our of data centric services and responsibilities. Looking ahead, affordable tariffs, we actively we aspire to add impetus to strive to ensure phenomenal the growing digital momentum, A Smart Pole with growth in the long run. thereby unlocking opportunities Wi-Fi, LED lights, Camera for a brighter future. and telecom connectivity India’s leading telecom tower infrastructure provider, Bharti Infratel continues its dominance in the tower space with 95,372* towers across its 22 telecommunication circles* in the country. The Company owns, manages and deploys telecom towers and communication structures for all wireless operators. As a pioneer in the shared tower telecom infrastructure services, the Company provides infrastructure for co-locating of telecommunication assets, with an aim to improve the reach of telecom operators, while offering compelling capex saving opportunities for them. We strive to provide innovative, eco-friendly, sustainable and superior solutions to maximize value for our stakeholders. Our robust portfolio of towers, owned and operated in accordance with long- term lease arrangements, help to deliver seamless infrastructure solutions across geographies – with ease and efficiency. * on consolidated basis 006 Bharti Infratel Limited Integrated A Report B C Bharti Infratel at a Glance Vision Our DNA In the process of achieving these objectives, we will not compromise on our To be the best and core values which are: most innovative passive communications infrastructure provider globally. Drive for innovation Develop people and partnership Known For: Infuse new ideas to address Establish mutually rewarding internal emerging market needs and and external relationships. Highest uptime future possibilities. Develop self and high performance Focus on quality and process teams. simplification. Cost & Energy efficiencies Be transparent and consistent in words and actions. Speed & Quality of deployment Environment friendliness Commercial thinking Drive for result Make decisions based on cost Proactive approach to exceed impact and execute them to challenging goals and customer add value. expectations. Incorporated as an Independent Towers set-up company (as on March 31, 2020) Total Co-locations Market capitalisation (J in Bn) (as on March 31, 2020) Note:
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