Pt Visi Media Asia Tbk Class A · IDX:VIVA
Pt Visi Media Asia Tbk Class A — VIVA Group — 24th CLSA Investors' Forum 2017
39 slides from Pt Visi Media Asia Tbk Class A's conference presentation, Sep 11, 2017
Slide 1: VIVA Group Corporate Presentation 24th CLSA Investors' Forum
VIVA Group Corporate Presentation 24th CLSA Investors’ Forum September 11-15, 2017 Hong Kong
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 78,4% 37.9 38.1 2016 2017 21.9 22.6 19.4 17.7 51.4 10.7 11.5 10.1 10.1 48.6 Upper 1 Upper 2 Middle 1 Middle 2 Lower Age 2016 2017 2016 20.2 20.9 2017 18.8 18.7 17.3 16.1 Female 51.1 5
Slide 6: Media industry advertising expenditure has increased by 53% during 2011-2016
Media industry advertising expenditure has increased by 53% during 2011- 2016, still growing and FTA TV remain as the dominant media platform Industry Landscape by Media Partners Asia April 2017 (USD mn) 3,500 5%* 5%* 6%* 3,019 2,874 3,000 7%* 2,729 7%* 2,540 8%* 2,500 -3%* 2,336 9%* 11%* 2,132 1,98
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 SCTV IVM TRANS TRANS7 METRO Male 110 Gender Female 122 5-9 118 10-14 106 15-24 Age 25-34 35-44 117 45-54 107 155 55+ 111 196 Upper 1 Upp
Slide 8: Our Performance
OUR PERFORMANCE
Slide 9: VIVA is the fastest growing media group, 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 – August 2017 RCTI 15.6 TVONE 3.7 ANTV 15.2 METRO 1.7 SCTV 13.4 INEWSTV 1.4 40 KOMPASTV 1.4 IVM 10.9 MNCTV 9.7 35 TRANS7 6.9
Slide 10: Moderate 1H17 revenue growth of 9.1% YoY more than double competitors
Moderate 1H17 revenue growth of 9.1% YoY was still more than double growth of competitors Revenue Contribution Prime Time (PT) vs. Non- Prime Time (NPT) (IDR bn) 1H16 1H17 3,000 2,685.7 PT 33.6% 36.4% ANTV NPT 66.4% 63.6% 2,500 2,272.7 PT 34.4% 32.9% 2,108.7 tvOne NPT 65.6% 67.1% 2,000 1,689.9 9.1%
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) % PB Cost to revenue VIVA vs. Peers 1,200.0 35.0% 32.0% (%) 1H 2016 1H 2017 31.2% 30.7% 29.0% 29.5% 30.0% 1,000.0 VIVA 29.0% 29.5% MNCN 41.4% 39.1% 23.1%
Slide 12: Tight cost management softened moderate 1H17 revenue growth
Tight cost management softened moderate 1H17 revenue growth, leading to 1% YoY increase in EBITDA (IDR bn) 1H 2016 1H 2017 Y-o-Y (%) Revenue 1,219.6 1,330.3 9.1% PB Cost 354.2 393.0 11.0% Op Expense 466.5 534.7 14.6% Depreciation 50.3 48.5 (3.5%) EBITDA 398.8 402.6 1.0% EBITDA Margin (%) 32.7% 30.3%
Slide 13: ANTV
ANTV
Slide 14: 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 Mar 2017 Jul 2017 Aug 20
Slide 15: ANTV's average TV Share in 2017 of 15.2% ranks #2
ANTV’s average TV Share in 2017 of 15.2% ranks #2 amongst FTA TV stations, still continues to be above our target of Top 3 15.2 YTD ANTV’s share performance 14.0 RCTI 1.9 15.6 ANTV 1.9 15.2 11.4 SCTV 1.7 13.4 11.2 Share (%) IVM 1.3 10.9 MNCTV 1.2 9.7 TRANS7 0.8 6.9 TRANS 0.7 5.7 7.2 6.9 6.7 GTV 0.7
Slide 16: At ANTV we treat every daypart as a Prime Time
At ANTV we treat every daypart as a Prime Time 03.30 – 04.59 TVS % (MF 25-34 UPPER) #1 05.00 – 07.29 (KIDS 5-14) #2 07.30 – 15.59 INDIAN SERIES Slot (HOUSEWIFE) Swaragini, Jamai Raja, Nakusha, #1 Madhubala 16.00 – 18.29 (FEMALE 15+) Evening Slot #1 PESBUKERS 18.30 – 23.59 Prime Time Slot Cantik-Cant
Slide 17: 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 17
Slide 18: 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 19: 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 19
Slide 20: ANTV's signature shows are linked to our drama series
ANTV’s signature shows are linked to our drama series 20
Slide 21: 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 21
Slide 22: ANTV #10 Most Creative Company 2017
ANTV #10 Most Creative Company 2017 PT CAKRAWALA ANDALAS TELEVISI (ANTV) Repositioning the television station to focus on Female Segment #1 Most Creative Company (MEDIA) #10 Most Creative Company 22
Slide 23: tvOne
TVONE
Slide 24: tvOne #1 News and Sport FTA TV
tvOne #1 News and Sport FTA TV NEWS TV AUDIENCE SHARE Jan—Aug 2017 ; TA 15+UM1, 11 Cities 4.1 2.2 1.8 1.7 TVONE METRO INEWS KOMPAS Source: Nielsen - 11 Cities; Share; 15+ UpperMiddle1; 1 Jan–31 Aug 2017 24
Slide 25: tvOne #1 for Breaking News Always
tvOne #1 for Breaking News “Always” Choosing the next Leader of Bomb in Kampung Melayu Ahok Trial Special News Rakyat Memilih Special News Ahok Verdict Breaking News Breaking News 24 May ‘17 Jakarta Breaking News 16 3 Jan ‘17 08:30-09:30 15 Feb ‘17 06:30-23:00 9 May ‘17 07:00-14:00 Apr ‘17 07:00-20:
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 1.3 0.9 0.8 0.7 0.7 0.6 0.6 0.5 0.5 0.5 LAWYERS LAWYERS KARNI ILYAS APA KABAR NAJWA(F05) - KARNI ILYAS RAKYAT(F05) RAKYAT(F05) WAWANCAR DUA SISI - WAWANCAR INDONESIA CLUB(R) - (R) - TVONE BLAK-BLA - KAPOLRI & PRESIDEN A KHUSUS A KHUSUS
Slide 28: tvOne #1 Fight Sport Programs
tvOne #1 Fight Sport Programs TOP LIVE WORLD BOXING ONE PRIDE MMA (AUDIENCE SHARE) (MILLION REACH*) 17.7 One Pride 15.6 15.5 UFC-INEWSTV 11.8 2.92 11.2 10.8 2.70 2.72 Pacquiao vs Ward vs Wilder vs Garcia vs Mosley vs Mayweather Vargas Barrera Szpilka Guerrero Avanesyan vs McGregor 0.53 0.54 0.54 06/
Slide 29: Liga 1 & Liga 2 serves as a share booster for tvOne
Liga 1 & Liga 2 serves as a share booster for tvOne TVS TVS LIGA 1 ALL MATCH 14.4 10.1 203 TVR 2.7 TVR 1.3 LIGA 2 58 261 RCTI 3.0 TVONE 2.7 SCTV 2.5 IVM 1.9 ANTV 1.9 MNCTV 1.4 TRANS7 1.3 GTV 0.8 TRANS 0.7 RTV 0.6 NET 0.6 METRO 0.4 INEWSTV 0.3 KOMPA… 0.3 Slot Competition TVONE on Liga 1 Nielsen, 15 A
Slide 30: Our Digital
OUR DIGITAL
Slide 31: Viva.co.id Portal generated 111 Mio Monthly Pageviews and 15 Mio Unique Visitors
Viva.co.id Portal generated 111 Mio Monthly (avg) Pageviews and 15 Mio Monthly (avg) Unique Visitors 02:48 average time/ 15 MIO 111 MIO 39 MIO visit Unique Visitors Page Views Visits 2.87 Page views/ visit 11 MIO 23 MIO 5 MIO Desktop Site Mobile Site Mobile App Visit Visit Visit 1 MIO Download ( 100
Slide 32: Over 26 million social media followers
Over 26 million social media followers 83.7 K 835.0 K 5.7 M likes likes likes 538.9K 117.0 K 1.5 M followers subscribers followers 135.9 K 9.0 M 26.4 K subscribers followers subscribers 4.0 M 149.5 K 5.9 M followers followers followers 924 K 118.3 K followers followers 3.4 K 1.3 K followers subscrib
Slide 33: Launching new channels and microsites constantly evolving
Launching new channels and microsites constantly evolving Web Mobile Web Mobile Platform Platform Application 33
Slide 34: VIVA App is a mobile app that holds a bouquet content of VIVA group
VIVA App is a mobile app that holds a bouquet content of VIVA group (articles, live stream & VOD) 1.300.000 DOWNLOAD 21.5 MN SCREEN VIEW (avg/mo) 1 MN VIDEO VIEW (avg/mo) LIVE STREAMING Pesbukers, Bollyvaganza,News, ILC, Liga Indonesia, One Pride MMA, 100, Damai Indonesiaku VIDEO ON DEMAND Curated V
Slide 35: Watch live broadcast and video-on demand of many exceptional program from tvOne
Watch live broadcast and video-on demand of many exceptional program from tvOne WATCH & CONNECT 330.000 DOWNLOAD 8.5 MN SCREEN VIEW (avg/mo) 146K VIDEO VIEW (avg/mo) LIVE STREAMING News, ILC, Liga Indonesia, One Pride MMA, Super Family 100, Damai Indonesiaku VIDEO ON DEMAND News, ILC, Liga Indonesia
Slide 36: Thank you
viva Thank you A Group member of viva fant] Viva so
Slide 37: Appendix
APPENDIX
Slide 38: Summary P&L (Rp bn)
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 39: Media penetration, TV & internet simultaneous consumption, our strategy is to operate in both platforms
Media penetration, TV & internet simultaneous consumption 96%, our strategy is to operate in both platforms Simultaneous Media Consumption 2012 2016 45% 96% 96% 94% 95% 95% 96% 20% 9% 44% 41% 37% 33% 30% 25% 21% 19% 16% 17% 14% 13% 14% 13% 12% 12% 7% 8% 8% 5% 5% 4% 3% 2% 2% TV Internet Radio Newspap