Pt Visi Media Asia Tbk Class A · IDX:VIVA
Pt Visi Media Asia Tbk Class A — VIVA Group — Investor Presentation (May 2017)
38 slides from Pt Visi Media Asia Tbk Class A's investor presentation, May 2017
Slide 1: VIVA Group Corporate Presentation
VIVA Group Corporate Presentation May 2017
Slide 2: Agenda
Agenda 1 Our Company 2 Industry Overview 3 Our Performance 4 ANTV 5 tvOne 6 Our Digital 2
Slide 3: VIVA Corporate Structure, lean and focused on core businesses
VIVA Corporate Structure, lean and focused on core businesses >175M TV Audience (PT Visi Media Asia Tbk.) Free-To-Air (FTA) TV New media (Online) >70% Content produced in-house (PT Intermedia Capital Tbk.) (PT Lativi Mediakarya) (PT Viva Media Baru) #1 News and Sport TV Leading digital multiplatform
Slide 4: Industry Overview
INDUSTRY OVERVIEW
Slide 5: Indonesia's demography: Female, young, rapidly growing middle class
Indonesia’s demography: Female, young, rapidly growing middle class Social Economic Classification (SEC) Male Female 78% 2016 2017 51.7 48.3 Upper 1 Upper 2 Middle 1 Middle 2 Lower Age 2016 2017 2016 2017 Female 51.2 51.7 Male 48.8 48.3 5-9 10-14 15-24 25-34 35-44 45-54 55+ Source: 1 Jan - 30 Apr 20
Slide 6: Media industry advertising expenditure increased by 53% since 2011
2016 Media industry advertising expenditure increased by 53% since 2011, still growing, FTA TV remain as the dominant media platform Industry Landscape by Media Partners Asia April 2017 (USD mn) 3,500 3,019 2,874 3,000 2,729 2,540 2,500 2,336 2,132 1,986 1,952 723 2,000 1,804 655 584 1,600 483 1,389
Slide 7: VIVA FTA TV stations focused, specific, targeted and successful
VIVA FTA TV stations focused, specific, targeted and successful Audience Profile by Index VIVA MNC EMTEK TRANS CORP MEDIA TARGET AUDIENCE ANTV TVONE RCTI GTV MNCTV SCMA IVM TRANS TRANS7 METRO MALE 109 GENDER FEMALE 122 5-9 136 10-15 15-24 AGE 25-34 35-44 116 104 45-54 105 159 55+ 116 208 UPPER 1 111
Slide 8: Our Performance
OUR PERFORMANCE
Slide 9: VIVA is the fastest growing media group by far, increased TV Share by 92%
VIVA is the fastest growing media group by far, increased TV Share by 92% since 2011, top gainer from 2016 to 2017 MEDIA GROUP SHARE PERFORMANCE ENTERTAINMENT TV NEWS TV 2011 - 2017 RCTI 15.7 TVONE 3.3 ANTV 15.6 METRO 1.8 SCTV 14.0 INEWSTV 1.6 40 KOMPASTV 1.5 IVM 10.5 MNCTV 9.3 35 TRANS7 6.7 TRANS 5
Slide 10: VIVA has a proven track record of outperforming industry revenue growth
VIVA has a proven track record of outperforming industry revenue growth, 2012-2016 revenue CAGR of 16.5% Revenue Contribution Prime Time (PT) vs. Non-Prime Time (NPT) (IDR bn) 2012 2013 2014 2015 2016 3,000 PT 51% 50% 54% 58% 36% 2,686 ANTV NPT 49% 50% 46% 42% 64% 2,500 2,273 PT 38% 36% 32% 33% 34%
Slide 11: Programming & Broadcasting cost controlled at 30-34% of revenues
Programming & Broadcasting (PB) cost has risen in-line with Tier 1 status, however, VIVA is able to control PB cost to revenues at 30-34% (IDR bn) 900 856 % PB Cost to revenue VIVA vs. Peers 800 (%) 2012 2013 2014 2015 2016 709 674 VIVA 34.2% 23.1% 31.2% 32.0% 32.2% 700 MNCN 44.6% 42.4% 40.9% 42.4%
Slide 12: 2016 EBITDA margin improved to 31.7%
2016 EBITDA margin improved to 31.7%, with further room for improvement as margin targeted to be on par with peers (IDR bn) 1,200 38.7% 38.1% 40.0% 32.0% 35.0% 1,000 29.8% 26.0% 30.0% 800 866 858 25.0% 600 655 20.0% 628 15.0% 400 10.0% 326 200 5.0% - 0.0% 2012 2013 2014 2015 2016 EBITDA EBITDA Margi
Slide 13: Robust 2016 revenue growth of 27% driven by market share acquisition
Robust 2016 revenue growth of 27% driven by strong market share acquisition (IDR bn) 2012A 2013A 2014A 2015A 2016A Revenue 1,253 1,690 2,273 2,109 2,686 Revenue Growth (%) 25.4% 34.9% 34.5% -7.2% 27.4% PB Cost (429) (391) (709) (674) (825) Op Expense (498) (645) (698) (806) (1,003) Depreciation (67)
Slide 14: ANTV
ANTV
Slide 15: ANTV dominant with the female audience
ANTV dominant with the female audience Female ADEX is about 60% of total ADEX in 2015 and is growing in each year INDEX Year Female Male 2010 95 105 2011 96 104 Female Male 130 2012 99 101 2013 102 98 2014* 104 96 120 2015 111 89 2016 125 75 110 2017** 122 78 100 90 80 70 60 Apr 2017 Jan 2013 Jan 20
Slide 16: ANTV's average TV Share in 2017 of 15.6% ranks #2
ANTV’s average TV Share in 2017 of 15.6% ranks #2 amongst FTA TV stations, still continues to be above our target of Top 3 YTD ANTV’s share performance 15.6 RCTI 2.0 15.7 14.0 ANTV 1.9 15.6 SCTV 1.7 14.0 Share (%) IVM 1.3 10.5 11.4 11.2 MNCTV 1.2 9.3 TRANS7 0.8 6.7 TRANS 0.7 5.9 GTV 0.6 5.0 7.2 6.9
Slide 17: At ANTV we treat every daypart as a Prime Time
At ANTV we treat every daypart as a Prime Time 02.00 – 05.59 TVS % #3 (ALL PEOPLE) 06.00 – 12.59 Morning Slot #1 (ALL PEOPLE) Animasi Pagi, Putri Duyung Animasi Siang 13.00 – 16.29 Noon Time Slot #1 (ALL PEOPLE) Anandhi & GEET 16.30 – 22.29 Prime Time Slot #3 Archana, Gopi, Lonceng Cinta, Mohabbatei
Slide 18: The Winning combination of local and outstanding foreign content
“The Winning” combination of local and outstanding foreign content DRAMA SERIES ENTERTAINMENT MORNING NEWS & SPORT PROGRAMS PROGRAMS CINEMA PROGRAMS 18
Slide 19: Bringing the stars closer to the audience develops brand loyalty
Bringing the stars closer to the audience develops brand loyalty Meet & Greet Veera Ketemu Uttaran Meet & Greet Lonceng Cinta Meet & Greet Thapki (All People) (All People) (All People) (All People) ANTV 2.1 ANTV 2.2 ANTV 2.4 ANTV 2.9 SCTV 1.8 TRANS7 1.7 RCTI 1.7 RCTI 1.9 MNCTV 1.7 RCTI 1.7 TRANS7 1.
Slide 20: Building ties with audience by extending stars into local shows
Building ties with audience by extending stars into local shows Cinta Di Langit Taj Mahal 1 & 2 Roro Jonggrang Malaikat Kecil Dari India Mahabharata: Jodha Akbar: Jodha Akbar: Veera: Uttaran: Shaheer Sheikh Ravi Bhatia Ravi Bhatia Bhavesh Balchandani Vaishali Thakkar Harshita Ojha 2017 PLAN 20
Slide 21: ANTV's signature shows are linked to drama series
ANTV’s signature shows are linked to drama series 21
Slide 22: New Programs for ANTV 2017
New Programs for ANTV 2017 ANIMATION INDIAN SERIES Swaragini Kasam Swabhiman Ishqbaaz Shani Ek Tha Raja Ek Thi Rani Ek Hasina Thi 22
Slide 23: tvOne
TVONE 23
Slide 24: tvOne #1 News and Sport FTA TV
tvOne #1 News and Sport FTA TV NEWS TV AUDIENCE SHARE April 2017 ; TA 15+UM1, 11 Cities 3.8 2.3 2.0 1.9 TVONE METRO INEWS KOMPAS Source: Nielsen - 11 Cities; Share; 15+ UpperMiddle1; 1 Jan – 30 Apr 2017 24
Slide 25: tvOne #1 for Breaking News Always
tvOne #1 for Breaking News “Always” Ahok Trial Special News Ahok Trial Special News Choose Jakarta Leader Ahok Trial Special News Rakyat Memilih Special News 3 Jan ‘17 08:30-09:30 10 Jan ‘17 08:30-09:30 Breaking News 16 Apr ‘17 17 Jan ‘17 08:30-09:30 15 Feb ‘17 06:30-23:00 07:00-20:30 8.5 8.4 7.5 7.
Slide 26: tvOne the #1 source for global coverage by International media
tvOne the #1 source for global coverage by International media 26
Slide 27: tvOne #1 Talk Show Programs to supplement leading news coverage
tvOne #1 Talk Show Programs to supplement leading news coverage 1.4 0.8 0.8 0.7 0.7 0.7 0.6 0.6 0.5 0.5 KOMPASTV KOMPASTV KOMPASTV LAWYERS LAWYERS NAJWA(F05) APA KABAR RAKYAT(F0 RAKYAT(F0 PRIMETIME INDONESIA KANDIDAT KANDIDAT CLUB(R) - METRO NEWS - METRO SUARA SUARA MALAM JKT(R - ROSI & ROSI & CLUB
Slide 28: tvOne #1 Fight Sport Programs
tvOne #1 Fight Sport Programs 9.10 5.37 One Pride Audition Season 1 Season 2 28
Slide 29: New Programs for tvOne 2017
New Programs for tvOne 2017 LIGA 1 ALL MATCH 203 LIGA 2 58 261
Slide 30: Our Digital
OUR DIGITAL 30
Slide 31: Indonesia is the sleeping giant for digital media!
Indonesia is the sleeping giant for digital media! 2015 2016 2015 2016 2015 2016 129 % 130 % 28.2 % 54 % 88.1 M 105 M (est) (est) Mobile Penetration Smartphone Penetration Internet User Mobile Phones Laptop & Desktops Tablets Share of Web Page Views* 70 % 28 % 2% *) Based on each device’s share of t
Slide 32: Viva.co.id Portal monthly pageviews and unique visitors
Viva.co.id Portal generated 118 Mio Monthly (avg) Pageviews and 14 Mio Monthly (avg) Unique Visitors 02:52 average time/ 14 MIO 118 MIO 37 MIO visit Unique Visitors Page Views Visits 3.19 Page views/ visit 13 MIO 18 MIO 6 MIO Desktop Site Mobile Site Mobile App Visit Visit Visit 1 MIO Download ( 100
Slide 33: Over 26 million social media followers
Over 26 million social media followers 69.6 K 820.9 K 5.6 M likes likes likes 539.6 K 46.2 K 1.5 M followers subscribers followers 84.2 K 8.9 M 14.7 K subscribers followers subscribers 3.8 M 102.1 K 5.8 M followers followers followers 665 K 95.4 K followers followers 3.4 K 0.5K followers subscribers
Slide 34: Launching new channels and microsites constantly evolving
Launching new channels and microsites constantly evolving Web Mobile Web Mobile Platform Platform Application 34
Slide 35: For more information, please contact ir@vivagroup.co.id
For more information, please contact ir@vivagroup.co.id
Slide 36: Appendix
APPENDIX
Slide 37: Summary P&L
Summary P&L (Rp bn) 2011 2012 2013 2014 2015 2016 Revenue 999 1,253 1,690 2,273 2,109 2,686 Growth (%) 11.9% 25.4% 34.9% 34.5% -7.2% 27.4% Programming and Broadcasting Cost (282) (429) (391) (709) (674) (825) Growth (%) -18% 52% -9% 81% -5% 22% G&A Expense (482) (498) (645) (698) (806) (1,003) EBIT
Slide 38: Media penetration, TV & internet simultaneous consumption
Media penetration, TV & internet simultaneous consumption 93%, our strategy is to operate in both platforms Simultaneous Media Consumption 2012 2014 45% 93% 20% 9% Source: AGB Nielsen Media Research