Prime Focus Limited · NSE:PFOCUS
Prime Focus — Q1 FY2017 Earnings Presentation
25 slides from Prime Focus's earnings presentation, August 2016
Slide 1: Prime Focus Limited Q1FY17 Investor Presentation
Prime Focus Limited Q1FY17 Investor Presentation August 2016
Slide 2: Safe Harbor
Safe Harbor Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ m
Slide 3: Contents Page
Contents Page PFL stepping into FY17 04-10 Q1FY17 Performance 11-19 Annexure 20-23 Financials 20-22 Shareholding pattern 23
Slide 4: PFL @ FY17 - The Transformation Completes
PFL @ FY17 - The Transformation Completes …Emerges as a truly global media services MNC Landmark transactions Non-linear growth across Highest revenue ever with in FY14 &15 all 3 businesses PAT break-even in Q1FY17 Creative Tier-1 Visual Effects Player & 30% Delivered 2 of top 5 2016 Hollywood Servi
Slide 5: Targets being achieved ahead of plan
Targets being achieved ahead of plan Integration progressing well with phase 2 over Guidance Achieved Strong Financial Performance Realising Revenue Net Annual Revenues up 2.3x Cross selling, bundled Synergies across offerings across businesses 19,010 businesses to drive growth 13,044 8,349 Cost C
Slide 6: Creative Svs: World's No. 1 independent Tier 1 player
Creative Svs: World’s No. 1 independent Tier 1 player Global integrated platform across 3 continents utilizing 21 facilities “A-Level” Pedigree in Hollywood” House of choice 2 consecutive Higher visibility for VFX & 3D Oscar wins for in Order book, Services for Tier Interstellar & over $200 mn 1 Stu
Slide 7: PFT: Pioneer & leader in cloud solutions for M&E industry
PFT: Pioneer & leader in cloud solutions for M&E industry Owns & operates world’s only hybrid cloud enabled Media ERP platform – CLEARTM Replicating domestic success globally PFT in numbers In the last 5 years, PFT has grown over 29X from a garage start up to a global operation with ~ 2200 people
Slide 8: India FMS: Leadership in fast growing Indian M&E market
India FMS: Leadership in fast growing Indian M&E market Complete media services offering across the spectrum Distinct leadership in domestic services Gaining Industry recognition Complete services offerings across Production, Post Production and Creative Services Integrated facilities with stron
Slide 9: 'WorldSourcing' model = unmatched competitive edge
‘WorldSourcing’ model = unmatched competitive edge Global network providing highest quality, fastest time to market & most efficient pricing 4 continents | 5 time zones | 14 locations | 24/7 – 365 days Investor Update Q1 FY17
Slide 10: Prudent funding of expansion with control over debt
Prudent funding of expansion with control over debt Focused approach towards debt reduction Debt (In Rs Mn) Leverage Ratios 13,077 12,730 5.0 4.0 12,725 3.5 3.6 3.6 3.3 11,377 4.0 10,370 8,022 3.0 2.0 1.1 1.3 1.3 0.9 NA* 1.0 - Pre Merger June'15 Dec'15 Mar'16 June'16 Pre Merger June'15 Sep'15 Dec'15
Slide 11: Q1FY17 Performance
Q1iFY17 Performance
Slide 12: Q1FY17: Strategic initiatives deliver profit ahead of plan
Q1FY17: Strategic initiatives deliver profit ahead of plan Delivering profitable growth, with all businesses on accelerated growth path World’s largest Integrated Creative services player Consolidated Revenues at Prime Focus and Bad Robot deliver Immersive, Multi-Screen Experience for ‘Star Trek B
Slide 13: Highest revenue ever with PAT break-even in Q1FY17
Highest revenue ever with PAT break-even in Q1FY17 EBITDA margin up at 19.5%, closer to the targeted 20% level Net Revenues EBITDA / Margin PAT before exceptional 1,024 1050 43 100 5,262 24.0% 5,182 1000 0 22.0% Qtr Ending June'15 Qtr Ending June'16 -100 950 19.5% 20.0% -200 900 862 18.0%-300 850 16
Slide 14: Creative Services posts double revenue & margins
Creative Services posts double revenue & margins moving closer to pre-merger level in Q1FY17 Guidance Achieved Strong Financial Performance To Become largest Independent Delivered 6 of the top 10 in Revenue Tier I Creative Services provider 2014, 5 of the top 10 in 2015, 2 4500 4,031 in the world
Slide 15: Working with current and upcoming Hollywood hits
Working with current and upcoming Hollywood hits Delivered in Q1 FY17 Robust Order book over $200 mn Jason The Legend Bourne of Tarzan Dunkirk Inferno Geostorm Fast 8 The Mummy Justice League Wonder Women Star Trek Beyond Warcraft X-Men: Apocalypse Investor Update Q1 FY17
Slide 16: PFT's successful global expansion post Dax Acquisition
PFT’s successful global expansion post Dax Acquisition Guidance Achieved Strong Financial Performance Added various marquee Revenue Deeper penetration in North clients in US like tru TV, FX 839 America Network, Crowns Media, 900 800 GEE, etc. 700 600 500 429 400 Cross selling to DAX Cross sellin
Slide 17: Continues to grow at non linear growth rate
Continues to grow at non linear growth rate Revenue up 19% YoY, EBITDA margins at 26%. Annuity business continues to be a significant 72% Signed multiple new orders taking order book to over $ 200 mn, Renewal of key accounts of DAX Robust demand from mobile video platforms – Hotstar, Voot, H
Slide 18: India FMS – Leading fast growing Indian M&E market
India FMS – Leading fast growing Indian M&E market Guidance Achieved Strong Financial Performance Worked on key Bollywood Revenue Leadership position in Blockbusters like Bajrangi 450 395 Bollywood Bhaijaan, Bajirao Mastani, 400 350 Prem Ratan Dhan Paayo. 300 277 250 200 150 100 Increasing the ave
Slide 19: Working with current and upcoming Bollywood Hits
Working with current and upcoming Bollywood Hits Movies delivered in Q1 FY17 Strong Order Book TVCs Investor Update Q1 FY17
Slide 20: Annexure
Annexure
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Quarter Quarter Quarter 12M 12M % YoY % QoQ Particulars (Rs Million) ending ending ending ending ending Variance Variance June'16 June'15 Mar'16 Mar-16 Mar-15 Net sales / income from operations 5,262 5,182 2% 4,657 13% 19,010 13,044 Total Expenditure 4,248 3,956
Slide 22: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Quarter Quarter Quarter % YoY % QoQ 12M ending 12M ending % YoY Particulars (Rs Million) ending ending ending Variance Variance Mar-16 Mar-15 Variance June'16 June'15 Mar'16 395 355 11% 428 -8% 0% Net sales / income from operations 1,544 1,543 Total Expenditure 235
Slide 23: PFL Shareholding Pattern
PFL Shareholding Pattern As on 30th June- 2016 Outstanding shares – 299mn Others Public, 7.9% SCPE, 22.0% Promoters, 35.0% RMW, 35.1% Investor Update Q1 FY17
Slide 24: Contact us
Contact us Nisha Kakran/ Seema Shukla Alok Gupta Four-S Services Pvt Ltd Prime Focus Limited Phone: +91 7718811182/+91 124 4251442 Phone: +91 8879360082 Email: nisha.kakran@four-s.com Email: alok.gupta@primefocus.com seema@four-s.com www.primefocus.com © 2016 Prime Focus Limited. All Rights Reserved
Slide 25: About Prime Focus Limited
About Prime Focus Limited Prime Focus Limited (PFL), the world’s largest integrated media services powerhouse employs over 7,000 professionals in 14 cities across 4 continents and 7 time zones. We provide end-to-end creative services (visual effects, stereo 3D conversion and animation), technology p