Zee Entertainment Enterprises Limited · NSE:ZEEL
Zee Entertainment Enterprises — Q1 FY25 Earnings Presentation
15 slides from Zee Entertainment Enterprises's earnings presentation, Jul 31, 2024
Slide 1: Earnings Update for Q1 FY25
Earnings Update for Q1 FY25 Zee Entertainment Enterprises Limited – 31 July 2024
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement: This Release/Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and
Slide 3: Key Performance Highlights
Key Performance Highlights Delivering growth coupled with effective cost management Healthy Balance sheet and cash generation 7.4% 12.8% Rs 13.2 Bn YoY Total Operating Revenue Increased; EBITDA Margin, up 500 bps YoY; Cash and Cash Equivalent Q1 FY25 Revenue Rs 21,305 Mn Q1 FY25 EBITDA of Rs 2,717 M
Slide 4: Business Performance
Extraordinary Together
Slide 5: Domestic Linear: TV Landscape Continues to Remain Healthy
Domestic Linear: TV Landscape Continues to Remain Healthy; Entertainment Viewership During the Quarter was Impacted by Cricket and Election TV Reach and Impressions ZEE Network Share Network share impacted 17.1% by Cricket & Election 16.8% 17.0% 16.8% 16.4% Weekly Reach (mn) Weekly Impressions (bn)
Slide 6: ZEE5: Focused on Streamlining the Overall Cost Structure
ZEE5: Focused on Streamlining the Overall Cost Structure ➢ ZEE5 platform is making steady progress and we have seen healthy trends in usage and engagement metrics, including the Net Promoter Score Total Revenue (Rs Mn) ➢ Significant progress has been made towards achieving a balanced cost structure,
Slide 7: ZEE Studio: Hindi and Other Language Movies Released During Q1 FY25
ZEE Studio: 2 Hindi and 1 Other Language Movies Released During Q1 FY25 Other Hindi Language Movies Movies Produced by Produced by Produced by ZEE Studio ZEE Studio ZEE Studio 7
Slide 8: Zee Music Company (ZMC): 2nd Largest Music Label on YouTube
Zee Music Company (ZMC) 2nd Largest Music Label with ~153 Mn Subscribers on YouTube Q1 FY25 Key Catalogue Additions All ZMC YouTube Channels Video Views & Subscribers Count 42 46 36 149 153 137 Q1 FY24 Q4 FY24 Q1 FY25 Total Subs count (Mn) Total Video Views during the Quarter (Bn) ZMC added 3.5 Mn Y
Slide 9: Q1 FY25 Financial Performance
Q1 FY25 Financial Performance 9
Slide 10: Q1 FY25 EBITDA Margin at 12.8%; YoY Increased by 500bps
Q1 FY25 EBITDA Margin at 12.8%; YoY Increased by 500bps, EBITDA Margin aided by Effective Cost Management (INR Million) Q1 FY24 Q4 FY24 Q1 FY25 QoQ YoY Operating Revenue Breakup (Rs Mn) QoQ 18% 4% 110% Operating Revenue 19,838 21,699 21,305 -1.8% 7.4% YoY 3% 9% 71% Expenditure -18,289 -19,597 -18,58
Slide 11: Q1 FY25: Soft Advertising Environment Offset by Pickup in Subscription Revenue
Q1 FY25: Soft Advertising Environment Offset by Pickup in Subscription Revenue, Movie Releases and Higher Syndication Revenue Advertising ➢ Domestic advertising revenue for the quarter declined by 3.6% YoY, impacted by Cricket and general elections revenues Subscription ➢ Subscription revenue growth
Slide 12: Condensed Balance Sheet
Condensed Balance Sheet Assets (Rs. Mn) Mar’24 Jun’24 Liabilities (Rs. Mn) Mar’24 Jun’24 Non-Current Assets Equity Capital 1,08,729 1,09,993 Fixed assets 12,136 11,795 Non-Current Liabilities Investments 390 380 Lease Liab/Other borrowings 1,622 1,573 Other financial assets 603 611 Provisions 1,671
Slide 13: Content Inventory, Advances and Deposits Continues to Decline in Q1 FY25
Content Inventory, Advances and Deposits Continues to Decline in Q1 FY25 Driven by Optimised Acquisition and Movie releases Rs 64.1 Bn Rs 62.7 Bn Rs 72.5 Bn Rs 79.6 Bn Rs 74.2 Bn Rs 70.5 Bn Decreased by Rs 3.7 Bn during Q1 FY25 8% 7% 7% 14% 12% 17% 13% 16% 14% 9% 11% Content Advances & 7% Deposits 1
Slide 14: ZEEL Revenue Growth & Profitability Outlook
ZEEL Revenue Growth & Profitability Outlook Significant interventions already implemented towards margin improvement across the business. Based on our efforts, visibility and confidence on performance enhancement plan continues to remain firm. • While Q1 has already started on a positive note with s
Slide 15: Extraordinary Together
3 Extraordinary Together
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