Slide 1: Prime Focus Limited Q2 & H1 FY14 Results Presentation
Prime Focus Limited The World Leader in Media & Entertainment Industry Services Q2 & H1 FY14 Results Presentation
Slide 2: Safe Harbor
Safe Harbor Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ ma
Slide 3: Results Summary
Results Summary Prime Focus’ Q2 revenues increased 4% Q-o-Q to Rs.1,960.6mn; PFT lead the growth, growing at 16.0% Q-o-Q and 107.3% Y-o-Y Revenues for Q2 FY14 showed a Q-o-Q increase of 4.0%, to Rs.1,960.6mn from Rs.1,884.7mn in Q1 FY14: o PFT’s revolutionary CLEAR™ technology business grew at 16.0%
Slide 4: Segmental Revenues
Segmental Revenues 10.5% Y-o-Y; Total revenue growth of 4.0% Q-o-Q and 8.3% Q-o-Q (0.2)% Y-o-Y 1,152 1,064 1,043 (43.5)% Y-o-Y; Rs. Million (14.0)% Q-o-Q 107.3% Y-o-Y; 728 16.0% Q-o-Q 478 398 411 343 192 2D-3D Conversion + VFX Prime Focus Technologies Post Production (2.8)% Q2 FY 2014 Q1 FY 2014 Q2
Slide 5: Results Summary.. Contd.
Results Summary.. Contd. EBITDA (with and without Exchange Gain) grew 15.4% and 5.6% Q-o-Q respectively; Exchange Gain drives EPS up by 150.0% Q-o-Q to Rs.1.15 Personnel costs declined on a H1 Y-o-Y basis by 7.5%; down from Rs.2,052.4mn to Rs.1,898.6mn, largely due to lower use of temporary employee
Slide 6: Segmental Margins (EBITDA – excluding Exchange Gain)
Segmental Margins (EBITDA – excluding Exchange Gain) 13.3% Y-o-Y; Total EBITDA growth of 5.6% Q-o-Q 29.9% Q-o-Q and 3.6% Y-o-Y 20.8% (38.6)% Y-o-Y; 20.2% Rs. Million 239 17.3% (26.6)% Q-o-Q 89.7% Y-o-Y; 211 22.8% 184 5.8% Q-o-Q 29.1% 166 27.6% 30.2% 24.7% 139 110 104 30.1% 102 58 2D-3D Conversion +
Slide 7: Q2 & H1 FY14 Financial Overview (Consolidated)
Q2 & H1 FY14 Financial Overview (Consolidated) % Y-o-Y % Q-o-Q % Y-o-Y ( million) Q2 FY14 Q2FY13 Q1FY14 Variance Variance H1 FY14 H1 FY13 Variance Revenues 1,960.6 1,963.9 1,884.7 -0.2% 4.0% 3,845.3 3,845.9 0.0% Personnel Cost 957.4 1042.6 941.2 -8.2% 1.7% 1898.6 2052.4 -7.5% Other Expenditure 552.4
Slide 8: Debt Profile
Debt Profile Net Debt ($ mn) – Geographical Breakup PFL continues to focus on reducing debt and $ 9.3 deleveraging the Balance Sheet mn India ($ linked) $ 31.5 mn India (Rs. linked) Net Debt at $100 million (Rs. 6,297.5 million)*, as against $106 million earlier Overseas $59.6 mn • Geographical brea
Slide 9: Management’s Message
Management’s Message Commenting on Prime Focus’ Q2 & H1 FY2014 results, Mr. Ramki Sankaranarayanan, CEO of Prime Focus Limited said: “Recently, we proudly celebrated our 16th anniversary, highlighting our transformation from a post production company to a leading global provider of creative and tech
Slide 10: Prime Focus celebrates 16 years, Inaugurates PFT "True North"
Prime Focus celebrates 16 years, Inaugurates PFT "True North" Prime Focus celebrated 16 years in the media and entertainment industry, and launched True North, its global 24x7 content operations hub. • True North will house more than 600 employees and offer cloud based media services to Prime Focus
Slide 11: Business Updates
Business Updates Prime Focus appoints Mr. Vikas Rathee as Group COO Prime Focus has appointed Mr. Vikas Rathee, a proficient investment banking and corporate finance professional, as its Group Chief Operating Officer (COO). Mr. Rathee has more than a decade of experience working with leading compani
Slide 12: Business Updates
Business Updates Promoters increase holdings by 906,554 shares (0.5% of equity capital) since June 30, 2013 The promoters of Prime Focus have increased their holding by 906,554 shares and now hold 77,101,546 shares representing 41.58% of the company’s equity capital as at the end of September 2013,
Slide 13: PFW successfully recreates the mystic space in ‘Gravity’
PFW successfully recreates the mystic space in ‘Gravity’ As the exclusive conversion partner on this acclaimed 3D film, Prime Focus strengthens its leadership position in the Hollywood 3D industry • PFW provided exclusive 3D conversion for the Warner Bros. space-thriller ‘Gravity’, directed by Alfon
Slide 14: PFW - 3D & VFX work delivered
PFW - 3D & VFX work delivered Gravity • PFW was the exclusive 3D conversion partner for Gravity starring Sandra Bullock and George Clooney. • The movie has over audiences and critics for its a impressive 3D experience and has collected $ 476 million (production budget of $ 100 million) since its rel
Slide 15: PFW - 3D & VFX work delivered
PFW - 3D & VFX work delivered 2 Guns • Worked with Universal Pictures, PFW delivered 32 VFX shots for 2 Guns starring Mark Wahlberg and Denzel Washington. • Grossed $ 130 million (production budget of $ 61 million) since its U.S. release on August 02, 2013 Third Person • PFW is proud to be the only
Slide 16: Current projects by PFW
Current projects by PFW Sin City 2 • Sin City 2 is PFW’s biggest VFX project win ever to date and their global teams will produce over 2,000 VFX for the stereo 3D movie, slated for an August 2014 release. • This contract validates the unique business proposition of PFW and catapults it to the league
Slide 17: Current projects by PFW
Current projects by PFW Non Stop • PFW is working with Universal Pictures to deliver VFX services for Non-Stop, the new action thriller produced by Joel Silver, directed by Jaume Collet-Serra and starring Liam Neeson. • Expected to release in U.S. & U.K. on February 28, 2014. The Gunman • PFW is pro
Slide 18: Current projects by PFW
Current projects by PFW Maleficent • PFW is with working Walt Disney Pictures reveals the untold story of Maleficent, the iconic villain of the 1959 Disney classic Sleeping Beauty. Angelina Jolie dons the iconic black horns of Maleficent, the evil witch who cast a spell on the new-born Princess Auro
Slide 19: Current projects by PFW
Current projects by PFW The Christmas Candle • Working with Pinewood Pictures to deliver VFX services to The Christmas Candle, a timeless and inspirational story based on the novel by bestselling author, Max Lucado. • US & UK release on November 29, 2014. Vampire Academy: Blood Sisters • Working for
Slide 20: PFT – Key Financial Highlights H1FY14
PFT – Key Financial Highlights H1FY14 PFT’s Business Growth driven by following factors Quarterly Highlights PFT was awarded the Aegis Graham Bell Awards 2013 for Innovation in Cloud-based Solutions PFT received EMC Transformer Award 2013 for transforming business innovations CLEAR Does it Again – C
Slide 21: PFT – over the years
PFT – over the years Revenue & EBITDA Growth in Million (INR) EBITDA Revenue 1,000.0 808.6 762.0 800.0 Performance Revenue 600.0 335.8 400.0 230.5 206.0 200.0 109.6 97.4 - 18.4 50.4 41.1 - (200.0) FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 (H1) Financial Performance – H1 Y-o-Y Revenue by Reven
Slide 22: About us
About us About Prime Focus Limited (PFL): Prime Focus Limited (BSE code: 532748, NSE: PFOCUS, ISIN: INE367G01038) a global leader in media and entertainment industry services employs over 4,300 professionals in 10 facilities across 3 continents and 4 time zones. We provide end-to-end creative and te
Slide 23: About Prime Focus Limited
About Prime Focus Limited Prime Focus Limited, a global leader in media and entertainment industry services employs over 4,300 professionals in 19 facilities across 3 continents and 4 time zones. We provide end-to-end creative and technical services including visual effects, stereo 3D conversion, vi