Basilic Fly Studio Ltd. · NSE:BASILIC
Basilic Fly Studio — H1 FY25 Earnings Presentation
64 slides from Basilic Fly Studio's earnings presentation, January 2026
Slide 1: H1 FY25 Investor Presentation
Basilic Fly Studio Limited H1 FY25 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Basilic Fly Studio Limited (BFS, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shal
Slide 3: H1 FY25 Financial Highlights
H1 FY25 Financial Highlights
Slide 4: Consolidated Half Yearly Profit & Loss Statement
Consolidated Half Yearly Profit & Loss Statement (In ₹ Cr) Particulars H1 FY25 FY24 FY23 YoY Net Sales 75.48 102.67 78.67 Other Income 1.86 3.12 0.43 Total Income 77.34 105.79 79.09 33.75% Total Expenditure 58.66 53.61 40.25 EBIDTA 18.68 52.18 38.84 34.35% Interest 0.94 0.52 0.78 Depreciation 1.97 1
Slide 5: Standalone Half Yearly Profit & Loss Statement
Standalone Half Yearly Profit & Loss Statement (In ₹ Cr) Particulars H1 FY24 FY24 FY24 YoY Net Sales 33.85 100.30 70.23 Other Income 1.29 2.88 0.28 Total Income 35.14 103.19 70.51 46.34% Total Expenditure 20.64 51.50 33.77 EBIDTA 14.50 51.68 36.74 40.69% Interest 0.35 0.49 0.75 Depreciation 0.40 1.0
Slide 6: Management's Comment On H1 FY25 Performance
Management’s Comment On H1 FY25 Performance “We reported decent financials. Our decent growth in margins shows our operational resilience and commitment to delivering high- value visual effects solutions. As the industry recovers following the recent Hollywood strike resolutions, we are seeing a new
Slide 7: BFS Acquires One of Us
BFS Acquires One of Us Investor Presentation 7
Slide 8: BFS Acquires 70% Stake In London Based VFX Studio, One Of US Limited
BFS Acquires 70% Stake In London Based VFX Studio, One Of US Limited Existing One of US leadership team Leadership: to continue managing daily operations Enhanced operational efficiencies Strategic and cost savings Increased market competitiveness Expanded Benefits: technological capabilities, inclu
Slide 9: Exploring One of Us Limited
Exploring One of Us Limited One of Us is a renowned BAFTA and Emmy-winning visual effects studio based in London, celebrated for its creative vision, design expertise, and collaborative approach to filmmaking. Established in 2004 by co-directors Rachael Penfold, Dominic Parker, and Tom Debenham, the
Slide 10: Meet the Visionaries: Leadership Team
Meet the Visionaries: Leadership Team Rachael Penfold Dominic Parker Tom Debenham CEO and Co-founder Co-founder, Creative Director, & acting Director Co-founder and Creative Director London, UK of Finance & Operations, London, UK London, UK Experience : 30+ years Experience : 30+ years Experience :
Slide 11: Meet the Visionaries: Leadership Team
Meet the Visionaries: Leadership Team Emmanuel Pichereau James Currell Group Director of Creative Operations Non-Executive Director Paris, France London, UK Experience : 17+ years Experience : 30+ years • Emmanuel Pichereau, with over a decade at One of • James Currell is a seasoned media and Us, br
Slide 12: Milestones in the Evolution of One of Us Limited
Milestones in the Evolution of One of Us Limited Celebrating its first decade, the company collaborates on The London studio relocates to acclaimed projects such as Tree Tabernacle Street, continuing to of Life, Mirror Mirror, and Under deliver on acclaimed projects the Skin, showcasing its evolving
Slide 13: Key Collaborations with Major Film & TV Players
Key Collaborations with Major Film & TV Players One of Us has collaborated with several major clients in the television and film industry. Investor Presentation 13
Slide 14: Signature Projects: A Glimpse into Company's Work
Signature Projects: A Glimpse into Company’s Work Investor Presentation 14
Slide 15: Major Awards Won
Major Awards Won BAFTA Awards: Emmy Awards: 2022 - The Crown 2018 - The Alienist. 2018 - The Witcher Nominations: Nominations: Emmy Awards BAFTA Awards Special Visual Effects in a Single Episode – The Man Who Fell To Earth for ‘Episode One’ Best Achievement in Special Visual Effects – The Matrix Res
Slide 16: Credited on Every Project: Recognized Contributions by One of Us
Credited on Every Projecct: Recognized Contributions by One of Us One of Us is officially credited on every project contributed to. Here are a few notable examples. Investor Presentation 16
Slide 17: VFX Industry: Riding the Next Wave
VFX Industry: Riding the Next Wave VFX industry is on the verge of high growth similar to the IT boom in the 2000s and the CRaMs sector in the 2010s. Increasing demand for content from streaming platforms, advancements in AR/VR, and AI-driven tools are pushing the boundaries of visual storytelling.
Slide 18: Strengthening the UK Film Sector: Tax Reliefs and Strategic Support
Strengthening the UK Film Sector: Tax Reliefs and Strategic Support Enhanced AVEC: Expansion of Studio Space: Films under the £15 million budget will receive a Studio space in the UK has doubled in the last three years, with 53.33% Audio-Visual Expenditure Credit (AVEC), the UK expected to be the se
Slide 19: France Tax Rebate Incentives for VFX and Film Production
France Tax Rebate Incentives for VFX and Film Production Tax Rebate Amount: 30% of qualifying expenditures incurred in France. Up to 40% if French VFX expenses exceed €2 million. Eligible Projects: Fiction films (live action or animation) including feature films, TV shows, web series, VR, short film
Slide 20: Unlocking Value: How BFS will Benefit
Unlocking Value: How BFS will Benefit Cost Efficiency: Running a small VFX studio with Time and Cost Savings: Building similar 20-25 employees in London costs around £4 capabilities from the ground up would require a million per year, while One of Us Limited generates £10-15 million investment and a
Slide 21: Leveraging Synergies: BFS and One of US Collaboration
Leveraging Synergies: BFS and One of US Collaboration Outsourcing Opportunities for BFS from One of Us: By offloading labor-intensive VFX tasks to BFS's cost-efficient studios, One of Us can significantly reduce production costs. This strategic outsourcing allows One of Us to focus on high-end creat
Slide 22: Company Overview
Company Overview
Slide 23: Introducing Basilic Fly Studio: An Overview of Our Company
Introducing Basilic Fly Studio: An Overview of Our Company Pushing the boundaries of creativity and technology to deliver exceptional visual experiences. Established in 2016, Basilic Fly Studio (BFS), is a leading visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operatin
Slide 24: Track Record of Delivering Excellence Across Industries: Key Facts
Track Record of Delivering Excellence Across Industries: Key Facts 10,000 + 300 + Worked For Movies Worked For Series 8,000 + Projects Completed Clients 900 + 2,000 + Commercials Completed FY24 3 Year CAGR FY22-FY24 Around 500 FY24 Revenue ₹ 106 Cr Team Members Revenue 102% ROE 29.67% EBITDA ₹ 52 Cr
Slide 25: Basilic Fly Studio's Vision & Mission
Revolutionizing VFX: Basilic Fly Studio's Vision & Mission Vision Mission To blaze new trails in the world of visual effects, driving the To be the vanguard of the VFX world, pioneering the art and industry forward with our pioneering spirit, artistic vision, and science of visual effects with unmat
Slide 26: From Startup to Success: Basilic Fly Studio's Journey
From Startup to Success: Basilic Fly Studio's Journey BFS took on complex projects regardless of the BFS has reached a turnover milestone challenges they bring, stepping out of their comfort of ₹ 100 crore, symbolizing journey of zone and evolving as a unit. During the pandemic, the growth, resilien
Slide 27: Space Built For Innovation & Excellence
Space Built For Innovation & Excellence Chennai Office Pune Office BFS understands that the right work environment is crucial for delivering exceptional VFX solutions. Our workspaces are thoughtfully designed with employee comforts in mind, providing a conducive setting where talent flourishes, and
Slide 28: Future-Proofing Success: BFS's Strategic Learning & Development Initiatives
Future-Proofing Success: BFS’s Strategic Learning & Development Initiatives BFS Sets Industry Standard with Cutting-Edge Learning & Development Program, Empowering Talent for Future Success in VFX. Investing in Soft Skills for a Collaborative Oasis • Professionalism, etiquette, positive thinking, co
Slide 29: Recognition of Our Work - Client Testimonials
Recognition of Our Work - Client Testimonials Matt Gore Ajoy Mani Robin Griffin VFX Producer Superman & Lois VFX Producing Supervisor VFX Producer, Benhur(MGM) I've worked with Basilic Fly on Basilic Fly is a trusted partner and the only VFX numerous projects over the years, and vendor I consistentl
Slide 30: View Of Recognised Work
View Of Recognised Work Investor Presentation 30
Slide 31: Recognized For Excellence: Our Awards & Certificates
Recognized For Excellence: Our Awards & Certificates Outlook Business Spotlight’s – Business Changemakers of Best VFX TV Series Best VFX Shot in TV Series Best VFX Shot in Feature Excellence modern India - (International) (International) Film (International) - Awards 2023 interview - Warrior Nun 2 -
Slide 32: Successfully Completed Record Breaking IPO Journey
Successfully Completed Record Breaking IPO Journey Investor Presentation 32
Slide 33: Diversifying Ventures: Exciting Projects on the Horizon
Diversifying Ventures: Exciting Projects on the Horizon BFS is expanding its project portfolio with new ventures originating from emerging markets such as Italy, Spain, and France, as well as experiencing a surge in projects from established markets of North America Highlights Of Few Upcoming Projec
Slide 34: BFS Studio's Expansion Plan & Growth Strategy
BFS Studio's Expansion Plan & Growth Strategy o Surge in visual effects demand in films, series, animation, and video o Existing operational presence in Chennai, Pune, Vancouver, and Industry games. London. Operational Overview o Streaming companies driving demand for VFX and animation. o Plans to o
Slide 35: Management Overview
Management Overview Investor Presentation
Slide 36: Our Dynamic Leadership: Driving Force Behind Our Success
Our Dynamic Leadership: Driving Force Behind Our Success Mr. Balakrishnan Mrs. Yogalakshmi A blue circle with white letters on it Description automatically generated with medium confidence Managing Director & CEO A blue circle with white letters on it Description automatically generated with medium
Slide 37: Key Managerial Personnel: Leading With Expertise
Key Managerial Personnel: Leading With Expertise A blue circle with white A blue circle with letters on it white letters on it A blue circle with Description white letters on it Description automatically automatically generated with medium Description generated with confidence automatically medium c
Slide 38: Core Team: Driving Innovation & Collaboration
Core Team: Driving Innovation & Collaboration Jennifer Hargreaves Dan Levitan EP/GM Business Mohammed Altaf Executive Visual Rohit Karanjavkar Development North Head of Effects Supervisor Head of Roto Training America Compositing A blue circle with A blue circle with white letters on it white letter
Slide 39: Board of Directors: Guiding Our Path to Success
Board of Directors: Guiding Our Path to Success Mr. Balakrishnan Mrs. Yogalakshmi Mr. Prabhakar Duraiswami Managing Director & CEO President - Business Strategy, Head of Studio and Whole Time Whole Time Director Director Mr. Nandhagopal Damodaran Mr. Jitendra Kumar Pal Mr. Vengarai Seshadri Sowriraj
Slide 40: Business Overview
Business Overview
Slide 41: BFS Services: Transforming Stories with Visual Effects
BFS Services: Transforming Stories with Visual Effects Rotoscopy Previs or Previsualization This is a crucial method in visual effects. It Previsualization, or previs, is the process of entails frame-by-frame tracing and element visualizing scenes or sequences in a film before isolation in live-acti
Slide 42: BFS's Portfolio Of Popular Films
BFS's Portfolio Of Popular Films Completed 900 + Movies Projects Investor Presentation 42
Slide 43: BFS's Portfolio Of Popular Series
BFS's Portfolio Of Popular Series Completed 2,000+ Series Projects Investor Presentation 43
Slide 44: BFS's Portfolio Of Popular Commercials
BFS's Portfolio Of Popular Commercials Completed 8,000+ Commercials Investor Presentation 44
Slide 45: Key VFX Techniques & Technologies Used By BFS
Key VFX Techniques & Technologies Used By BFS Autodesk Maya Blender ShotGrid Nuke Houdini Cloud Platforms Deadline For 3D Equalizer Rendering The Foundry Mari Aspera Silhouette Pixologic Zbrush SFTP Investor Presentation 45
Slide 46: Industry Overview
Industry Overview
Slide 47: Global VFX Industry Dynamics and Opportunities
Global VFX Industry Dynamics and Opportunities o The global VFX industry is experiencing significant expansion, with a market revenue to grow from $26.3 billion in 2021 to $48.9billion in 2028 at a CAGR of 10.9%. o Technological innovations in VFX tools are driving growth, enhancing production capab
Slide 48: Factors Driving Growth In The Global VFX Industry
Factors Driving Growth In The Global VFX Industry o The market is driven by an increasing demand for immersive and visually captivating experiences across various forms of media, including films, TV shows, advertisements, and digital platforms. o Major manufacturers are investing in R&D activities t
Slide 49: Industry Growth Drivers
Industry Growth Drivers Estimated Growth from the Industry The segment is expected to grow at a CAGR of 17.5% VFX in India experienced a 10% growth, reaching INR 54 Billion. by 2026 to reach INR185 billion 185 • The WGA and SAG-AFTRA strike prompted Indian studios to seek local partnerships and expl
Slide 50: Industry Growth Drivers
Industry Growth Drivers Despite a global slowdown in demand, the Indian VFX segment The segment grew 6% in 2023 to reach INR114 billion grew by 10%. • Disruptions caused by industry strikes in the US led to delays in numerous film 14 19 23 10 29 and TV show productions worldwide. This affected outso
Slide 51: Financial Overview
Financial Overview
Slide 52: Key Financial Highlights
Key Financial Highlights Total Income (In ₹) EBITDA Net Profit (In ₹) EBITDA % Net Profit % (In %) 105.79 52.18 49.11 49.33 79.09 38.84 36.54 35.28 34.54 27.90 25.29 6.75 1.70 0.90 3.58 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 52
Slide 53: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (In ₹ Cr) Particulars FY22 FY23 FY24 Net Sales 25.16 78.67 102.67 Other Income 0.13 0.43 3.12 Total Income 25.29 79.09 105.79 Expenses Employee Cost 12.49 17.56 29.45 Other Expenses 11.10 22.69 24.15 Total Expenditure 23.59 40.25 53.61 EBIDTA 1.70 38.84 52.18 Int
Slide 54: Consolidated Balance sheet
Consolidated Balance sheet (In ₹ Cr) Equities & Liabilities FY22 FY23 FY24 Assets FY22 FY23 FY24 Equity 1.00 17.00 23.24 Non Current Assets Reserves 2.94 14.67 99.90 Fixed Assets 1.12 2.32 1.92 Net Worth 3.94 31.67 114.15 Minority Interest 0.23 0.39 0.42 Non Current Investment 0.00 0.00 0.00 Non cur
Slide 55: Cash Flow Statement
Cash Flow Statement (In ₹ Cr) Particulars FY22 FY23 FY24 Cashflow From Operations 0.79 11.45 -27.90 Cashflow From Investments -0.52 -5.22 -31.92 Cashflow From Financing 3.07 -0.55 52.57 Net Cash Flow 3.40 5.67 -7.21 Opening Cash Balance 1.10 4.51 10.18 Closing Cash Balance 4.51 10.18 2.97 Investor P
Slide 56: Key Ratios
Key Ratios ROE (In %) ROCE (In %) 88.09 106.51 29.67 40.72 22.86 17.53 FY22 FY23 FY24 FY22 FY23 FY24 EPS (In ₹) Book Value (In ₹) 17.85 52.99 16.32 18.63 0.53 2.32 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 56
Slide 57: Key Ratios
Key Ratios Fixed Asset Turnover Ratio (In Times) Interest Coverage Ratio (In Times) 53.48 97.77 33.97 22.47 49.29 16.65 FY22 FY23 FY24 FY22 FY23 FY24 Debt to Equity (In Times) Current Ratio (In Times) 1.05 8.68 2.42 0.13 1.05 0.02 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 57
Slide 58: Key Clients Continue To Drive Revenue Growth
Key Clients Continue To Drive Revenue Growth A Look at Our Customers' Contributions. In % In % In % FY22 FY23 FY24 38.32 40.92 43.00 59.08 57.00 61.68 Top 5 Customers Other Customers In ₹ Cr Particulars FY 2021-22 FY 2022-23 FY 2023-24 Top 5 Customers 9.69 32.31 58.52 Other Customers 15.6 46.64 44.1
Slide 59: Geographical Revenue Breakups
Geographical Revenue Breakups FY22 FY23 FY24 9% 5% 8% 16% 14% 34% 17% 35% 40% 43% 44% 35% North America North America North America Europe Europe Europe Australia & New Zealand Australia & New Zealand Australia & New Zealand Others Others Others Investor Presentation 59
Slide 60: Employee Cost Analysis
Employee Cost Analysis Junior Mid Senior Total (In Nos) Employee Cost (In ₹ Cr) Employee Cost As % Of Sales 485 48.77 352 202 28.68 234 139 22.31 124 82 93 65 120 159 87 12.27 17.56 29.49 FY22 FY23 FY24 FY22 FY23 FY24 Average Monthly Employee Salary (In ₹) Levels FY22 FY23 FY24 Junior 22,843 28,055
Slide 61: Stock Data
2000000 0 500000 1500000 1000000 Source – NSE` 12-Sep-2023 17-Sep-2023 22-Sep-2023 Face Value (₹) 27-Sep-2023 Share Price (₹) 02-Oct-2023 Investor Presentation 07-Oct-2023 12-Oct-2023 Stock Data 52 week High-Low (₹) 17-Oct-2023 22-Oct-2023 27-Oct-2023 No. of Shares Outstanding 01-Nov-2023 Market Cap
Slide 62: Investment Rationales
Investment Rationales Strategic Acquisition and Synergy Opportunities Strong Industry Tailwinds Acquired 70% stake Adds 350+ VFX Contributed Global VFX market High demand from India’s VFX sector in One of Us artists, enhancing £29.42M in projected to reach streaming platforms growing at a 17.5% Limi
Slide 63: Investment Rationales
Investment Rationales Leadership with Proven Expertise Competitive Cost Structure Leadership with 30+ Strategic Scaled from a Operations in India EBITDA margin Cost savings of £10- years of experience. acquisitions and IPO startup to a global offer significant improved from 15M compared to listing.
Slide 64: Thank you
Basilic Fly Studio Limited Tower A, KRC Commerzone, Thank you Mount Poonamalle Road, Porur Na, Chennai- 600 116. E-mail: cs@basilicfly.com Phone: 044-61727700 Website: www.basilicflystudio.com Kirin Advisors 713-B, Lodha Supremus II, Wagle Estate, Thane (W) – 400 604. Phone: +91 022 4100 2455 Websit