Saregama India Limited · NSE:SAREGAMA
Saregama India — Q1 FY2020 Earnings Presentation
24 slides from Saregama India's earnings presentation, 2019
Slide 1: Saregama India Limited Q1 / FY20 Earnings Presentation
SAREGAMA INDIA LIMITED Q1 / FY20 EARNINGS PRESENTATION
Slide 2: Hamid: 2 National Film Awards
Slide 3: Snapshot
Snapshot India’s oldest music label and High Dividend Yield and a Zero Strong and professional youngest film production house Debt Company management team with experienced stalwarts from the entertainment industry Owning Intellectual Property (IP) India’s first song was recorded in Digital licensing
Slide 4: Strategic Overview
Strategic Overview Rising Smartphone Falling Rising Individual Ownership Data Prices Falling Piracy based Content 450-500M >Rs3/GB Consumption Content Consumption thru Legal means Going Up • Indians spent 30% of their phone time on entertainment • 325M people viewed video online in 2018 growing @25%
Slide 5: Strategic Overview
Strategic Overview Saregama’s Saregama’s long term strategy : Tostrategy long term be a Pure is toPlay be aContent Company pure play content capitalising on the global company capitalising data on the driven data boomentertainment globally boom Diversified monetisation Higher monetisation of Existin
Slide 6: Company Overview
Company Overview • Saregama India Ltd., an RP Sanjiv Goenka Group Company, is India's oldest music label, youngest film studio and a multi-language TV content producer. Over the years, the Company has Consolidated Revenues expanded its business from audio to home video, publishing, digital, events,
Slide 7: Business Verticals
Business Verticals Saregama is the pioneer of the Indian music industry and has evolved into a premier diversified content player with Intellectual property rights of songs, TV serials, movies having presence across platforms like television, radio, digital, telecom, etc. Business Verticals Music Se
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Quarterly Financial Summary-Standalone
Quarterly Financial Summary-Standalone Particulars (INR Mn) Q1-FY20 Q4-FY19 Q-o-Q Growth Q1-FY19 Y-o-Y Revenues • Music 1065 1121 -5% 997 7% • TV & Films 143 119 20% 116 23% Total Revenue from Operation 1208 1240 -3% 1113 9% PBT 20 259 -92% 138 -86% PAT 5 161 -97% 86 -94% Revenue (INR Mn) PBT (INR M
Slide 10: Financial Performance- Standalone Quarterly
Financial Performance- Standalone Quarterly Particulars (INR Mn) Q1-FY20 Q4-FY19 Q-o-Q Growth Q1-FY19 Y-o-Y Growth Revenue from Operations 1208 1,240 -3% 1,113 9% Other Income# 32 119 -73% 431 -93% Total Revenue 1240 1,359 -9% 1,544 -20% Total Expenses 1190 1077 10% 1382 -14% EBITDA 50 282 -82% 162
Slide 11: Financial Performance- Consolidated Quarterly
Financial Performance- Consolidated Quarterly Particulars (INR Mn) Q1-FY20 Q4-FY19 Q-o-Q Growth Q1-FY19 Y-o-Y Growth Music 1102 1127 -2% 1036 6% TV & Films 143 119 20% 116 23% Publication 14 21 -33% 15 -7% Revenue from Operations 1259 1267 -1% 1167 8% Other Income# 22 124 -82% 420 -95% Total Revenue
Slide 12: Operational Highlights
Operational Highlights
Slide 13: Music Segment Operational Highlights
Music Segment Operational Highlights New content investment steadily going up. Saregama invested Rs.56 Mn in FY18 and Rs.324 Mn in FY19 in new music rights acquisition OTT Streams (Mn) per Quarter YouTube Views (Mn) per Month 724 883 1,023 1,076 1,446 1,358 496 594 914 784 1,109 958 Q4-FY18 Q1-FY19
Slide 14: Music Segment Operational Highlights
Music Segment Operational Highlights • Sales kept steady inspite of falling store footfalls Carvaan Sales (units ‘000s) • Focus on increasing mid to small towns penetration • Awareness creation • Distribution network expansion • Manpower • Two new variant launched • Go helps reduce the entry price •
Slide 15: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Business Hamid: Future Outlook • Released on Netflix and is trending • 12 movie output deal with leading Indian • 2 National Film Awards broadcaster/ Digital platform. Noblemen • Limited release in theatres. Rave reviews. • Another deal on the Licensed
Slide 16: Financial Overview
Financial Overview
Slide 17: Standalone Income Statement
Standalone Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5,244 3,456 2,081 Other Income# 595 142 159 Total Revenue 5,839 3,598 2,240 Total Expenses 4,920 3,115 2,003 EBITDA 919 483 237 EBITDA Margin (%) 18% 14% 11% Depreciation 30 38 41 Finance Cost 66 34 23 PBT 823 41
Slide 18: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities (INR FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Mn) Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2056 1,881 1,893 (b) Other Equity 4087 3,647 3,236 (b) Investment Properties 24 24
Slide 19: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5447 3,566 2,185 Other Income # 564 102 133 Total Revenue 6,011 3,668 2,318 Total Expenses 5,065 3,203 2,090 EBITDA 946 465 228 EBITDA Margin (%) 17% 13% 10% Depreciation 33 42 44 Finance Cost 66 34 24 PBT 847
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2057 1884 1897 (b) Other Equity 4107 3,643 3,223 (b) Investment Properties 24 24
Slide 21: Financial Charts (Consolidated)
Financial Charts (Consolidated) Total Revenue (INR Mn) EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) 17% 9% 8% 13% 10% 4% 2,318 3,668 6011 228 465 946 87 283 543 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 EBITDA EBITDA Margin (%) PAT PAT Margin (%) Diluted EPS (INR) PE Ratio ROCE%* 22.2% 14.
Slide 22: Capital Market Data
Capital Market Data 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35% Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Saregama Sensex Shareholding Pattern as on 30th June, 2019 Price Data (As of 30th June, 2019) INR Face Value 10 Market Price 576.0 Others 38.12
Slide 23: Disclaimer
Disclaimer Saregama India Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in al
Slide 24: Thank You
[sare gaimal soul of India THANK YOU