Music Broadcast Ltd. · NSE:RADIOCITY
Music Broadcast — Q2 FY2020 Earnings Presentation
18 slides from Music Broadcast's earnings presentation, Nov 8, 2019
Slide 1: Exchange filing cover letter for Investor Presentation
November 8, 2019 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza, 5th Floor Corporate Relationship Department Plot No. C/1, G Block; Bandra (East) Phiroze Jeejeebhoy Towers Mumbai 400 051 Dalal Street; Fort Mumbai 400 001 NSE Scrip Code: RADIOCITY BSE Scrip Code: 540366 ISIN:
Slide 2: Music Broadcast Limited Investor Presentation November 2019
Music Broadcast Limited Investor Presentation November 2019
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Music Broadcast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Non-Government radio revenue drop of 6% in Q2
Non-Government radio revenue drop of 6% in Q2 In Rs. Crs Half Yearly Quarterly H1 FY20 • Non-Government revenue de- 156 80 grew by 6% 22 12 132 • Govt. + Radio Led Events de- 10 14 9 63 grew by 69% which got 3 5 3 mitigated to 51% due to Political advertising 123 Q2 FY20 116 59 55 • Non-Government r
Slide 5: Regained lost market share in Q2
Regained lost market share in Q2 Increased share of local advertisers by 2% from Q1 to Q2 RC Market Share • Deepened our engagement with the local advertisers through various ideation led initiatives & also evangelized the medium with multiple Power of Radio workshops across P2 & P3 cities 19% 19% 1
Slide 6: Historical trends: MBL has been growing at nearly twice the benchmark rate in revenues
Historical trends : MBL has been growing at nearly twice the benchmark rate in revenues… Revenue In Rs. Crs Radio Industry MBL Peer CAGR CAGR +7.4% +12.9% CAGR 2,382 325 +6.9% 2,170 298 2,047 +23.8% 271 +22.0% 1,924 +43.8% 226 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 5 4 year CAGR
Slide 7: Efficient cost control measures helped reduce slowdown impact
Efficient cost control measures helped reduce slowdown impact Half Yearly Quarterly In Rs. Crs In Rs. Crs De-growth in EBITDA was half of Revenue de- -24 -18 growth due to prudent cost management Revenue 156 80 132 • Efficiency improvement in new hires 63 • Salary rationalisations • Station level co
Slide 8: Yet again delivering sustained EBITDA Margins of 30%+
Yet again delivering sustained EBITDA Margins of 30% + In Rs. Crs EBITDA & Margins EBITDA Margins over the years 53 41 27 19 79 91 97 113 34% 33% 34% 34% 35% 31% 30% 33% H1FY19 H1FY20 Q2FY19 Q2FY20 FY16 FY17 FY18 FY19 Maintained 30%+ margin despite muted Recorded healthy EBITDA margins for the last
Slide 9: Tax law changes improved PAT in Q2; Strong growth trends delivered in past
Tax law changes improved PAT in Q2; Strong growth trends delivered in past In Rs. Crs PAT for Q2 & H1 PAT over the years 27 27 CAGR 62 +30.3% 52 19 +121.4% 37 13 28 H1FY19 H1FY20 Q2FY19 Q2FY20 FY16 FY17 FY18 FY19 8 4 year CAGR trend from FY16 to FY19
Slide 10: Radio Industry – H1FY20 Category Trend
Radio Industry – H1FY20 Category Trend Growth Categories De-Growth Categories Auto Finance Government Real Estate Dotcom Electricals Pharma Contribution Volume 9% 6% 9% 8% 6% 6% 5% Growth (YOY) De-Growth (YOY) Volume Growth 29% 11% 55% 22% 41% 31% 10% Source: Aircheck 15 Markets 9
Slide 11: Listenership trends in Mumbai, Delhi and Bengaluru
Listenership trends in Mumbai, Delhi and Bengaluru Listenership Market Share Data Mumbai Bengaluru Delhi 30.00 20 20 20.00 % Share % Share % Share 10.00 0 0.00 0 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q4FY19 Q1FY20 Q2FY20 Mirchi One Radio City Radio Mirch
Slide 12: Awards in the Quarter
Awards in the Quarter Great Places to Work Women 2019 Awards 2019-20 Radio City, was recognized amongst ‘India’s Best Workplaces for Women- 2019’ and ranked amongst the Top 75 organizations on the list. ‘India’s Best Workplaces for Women’ is a celebration of the best work cultures in the Radio City
Slide 13: Initiatives in the Quarter
Initiatives in the Quarter Radio City Super Singer Season 11 First Crush Karke Dekho Gaddha Pehelwan Radio City, culminated the grand finale of Suzuki Radio City, culminated the ‘First Crush…Kar Ke Radio City celebrated many facets of the season Gixxer presents Radio City Super Singer Season 11, Dek
Slide 14: Initiatives in the Quarter
Initiatives in the Quarter Rashi Ko Manao Bappa Promise and City Cha Bappa Pune City Icon Awards Radio City, executed, Rashi Ko Manao, a jock swap Radio City celebrated festivities for the auspicious Radio City culminated Pune City Icon Awards 2019, campaign, in the City of Nawabs. Spanned for 2 Gan
Slide 15: Profit and Loss
Profit and Loss In Rs. Crs Q2FY20 Q2FY19 YoY Q1FY20 QoQ H1FY20 H1FY19 YoY Revenue 62.5 80.1 -22% 69.8 -10% 132.3 155.8 -15% Licenses Fees 4.9 5.6 5.0 10.0 10.9 Employee Expenses 12.0 17.9 16.2 28.2 35.9 Other Expenses 27.1 30.1 26.2 53.3 56.4 EBITDA 18.5 26.6 -30% 22.4 -17% 40.9 52.6 -22% EBITDA Mar
Slide 16: Balance Sheet
Balance Sheet Assets (In Rs. Crs) Sep-19 Mar-19 Liabilities (In Rs. Crs) Sep-19 Mar-19 Total Non Current Assets 353.8 334.3 Shareholders Fund 630.3 603.3 Fixed Assets 324.2 310.0 Share Capital 55.3 55.3 Tangible Assets 99.3 74.9 Intangible Assets 225.0 235.1 Other Equity 575.0 548.0 Intangible Asset
Slide 17: Cash Flow Statement
Cash Flow Statement In Rs. Crs Half Year ended 30-Sep-19 Half Year ended 30-Sep-18 Profit before tax 26.68 42.44 Adjustments 14.13 9.99 Operating Profit Before Working Capital Changes 40.81 52.42 Change in operating assets and liabilities (3.69) (11.26) Cash generated from operations 37.12 41.17 Inc
Slide 18: Contact Us
CIN: L64200MH1999PLC137729 Ms. Sangeetha Kabadi Email : sangeethak@myradiocity.com Mr. Jimmy Oza Email: jimmyo@myradiocity.com www.radiocity.in Contact Us CIN: U74140MH2010PTC204285 Ms. Payal Dave Email : payal.dave@sgapl.net Mr. Jigar Kavaiya Email : jigar.kavaiya@sgapl.net www.sgapl.net