Saregama India Limited · NSE:SAREGAMA
Saregama India — Q2 FY20 Earnings Presentation
30 slides from Saregama India's earnings presentation, 2019
Slide 1: Saregama India Limited Q2 / FY20 Earnings Presentation
SAREGAMA INDIA LIMITED Q2 / FY20 EARNINGS PRESENTATION
Slide 2: Slide 2
Slide 3: Snapshot
Snapshot India’s oldest music label and youngest film production house Producing digital thematic High Dividend Yield and a Zero films targeted at the youth Debt Company segment Leading producer in terms of Strong and professional number of hours of content management team with produced for Tamil te
Slide 4: Strategic Overview
Strategic Overview Rising Rising Falling Rising Individual Falling Smartphone SmartphoneOwnership Ownership Data Prices based Content Piracy 450-500M 450-500M > Rs3/GB Consumption Content Consumption thru Legal means Going Up Indians spent 30% of their phone 325M people viewed video online in Avg. d
Slide 5: Strategic Overview
Strategic Overview Saregama’s Saregama’s long term long term strategy : Tostrategy is toPlay be a Pure be aContent pure play content capitalising Company company capitalising on the on the global data data boomentertainment driven globally boom Higher monetisation of Existing IP to fund IP Creation
Slide 6: Company Overview
Company Overview Revenue from Operational • Saregama India Ltd., a RP Sanjiv Goenka Group Company, is India's oldest music label, youngest film (In INR Mn) studio and a multi-language TV content producer. Over the years, the Company has expanded its 5,447 business from audio to films, TV serials, pu
Slide 7: Business Verticals
Business Verticals Saregama is the pioneer of the Indian music industry and has evolved into a premier diversified content player with Intellectual property rights of songs, TV serials, movies having presence across platforms like television, radio, digital, telecom, etc. FY19 Revenue Share Business
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Consolidated
Consolidated
Slide 10: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q2-FY20 Q1-FY20 Q-o-Q Growth Q2-FY19 Y-o-Y Revenues • Music 1272 1102 15% 1304 -2% • TV & Films 273 143 90% 120 128% • Publication 30 14 114% 17 76% Total Revenue from Operation 1575 1259 25% 1441 9% PBT 240 2 240 0% PAT 194 -12 157 24% Revenue (INR M
Slide 11: Financial Performance-Quarterly
Financial Performance-Quarterly Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q2-FY20 Q1-FY20 Q2-FY19 H1-20 H1-19 Growth Growth Growth Music 1272 1102 15% 1304 -2% 2374 2340 1% TV & Films 273 143 91% 120 128% 416 236 76% Publication 30 14 114% 17 76% 44 32 38% Revenue from Operations 1575 1259 25% 1441 9%
Slide 12: Balance Sheet
Balance Sheet As on 30th As on 31st As on 30th As on 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Sep 2019 Mar 2019 Sep 2019 Mar 2019 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2057 2,057 (b) Other Equity 4103 4,107 9 - (b) R
Slide 13: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY20 – H1 FY19 Pre-Tax Profit 242 847 Change in other operating activities ( Non Cash Items) 1 -163 Change in Working capital 182 -916 Taxes Paid -119 -125 Net cash generated from/(used in) Operating Activities (A) 305 -358 Net cash (used in) Investing Activi
Slide 14: Standalone
Standalone
Slide 15: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q2-FY20 Q1-FY20 Q-o-Q Growth Q2-FY19 Y-o-Y Revenues • Music 1229 1065 15% 1264 -3% • TV & Films 273 143 91% 121 126% Total Revenue from Operation 1502 1208 24% 1385 8% PBT 210 20 950% 233 -10% PAT 164 5 3180% 150 9% Revenue (INR Mn) PBT (INR Mn) & PBT
Slide 16: Financial Performance
Financial Performance Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q2-FY20 Q1-FY20 Q2-FY19 H1-20 H1-19 Growth Growth Growth Revenue from Operations 1502 1208 24% 1384 9% 2710 2497 9% Other Income# 29 32 -9% 23 26% 61 454 86% Total Revenue 1531 1240 23% 1407 9% 2771 2951 -6% Total Expenses 1290 1190 8% 114
Slide 17: Balance Sheet
Balance Sheet As on 30th Sep As on 31st Mar Assets (INR Mn) As on 30th Sep As on 31st Mar Equity and Liabilities (INR Mn) 2019 2019 2019 2019 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 2056 2,056 (a) Property, Plant and Equipment (b) Other Equity 4092 4,087 (b) Right
Slide 18: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY20 – H1 FY19 Pre-Tax Profit 230 823 Change in other operating activities ( Non Cash Items) 14 -34 Change in Working capital 156 -897 Taxes Paid -119 -122 Net cash generated from/(used in) Operating Activities (A) 281 -230 Net cash (used in) Investing Activi
Slide 19: Operational Highlights
Operational Highlights
Slide 20: Music Segment Operational Highlights
Music Segment Operational Highlights Saregama invested Rs.56 Mn in FY18 and Rs.324 Mn in FY19 in new music rights acquisition Licensing Revenue registered Y-o-Y Growth in H1 FY-20 at the rate of 21% YouTube Views (Mn) per Month OTT Streams (Mn) per Quarter 889 1,024 1,076 1,447 1,413 1,573 594 914 7
Slide 21: Music Segment Operational Highlights
Music Segment Operational Highlights • Lower than expected Festival sales Carvaan Sales (units ‘000s) • Lower footfalls in Consumer Durable & Telecom outlets • Carvaan 2.0 sale growing. Active Usage : 86% • Continued focus on increasing mid to small towns penetration • Awareness creation • Distribut
Slide 22: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Segment Yoodlee Films is the first production house to have released original films on both Netflix and Hotstar Hotstar premiered its Originals Films with 2 Yoodlee Films Future Outlook • Chhappad Phaad Ke on 18th Oct. • Kanpuriye on 25th Oct. • Tamil f
Slide 23: Financial Overview
Financial Overview
Slide 24: Standalone Income Statement
Standalone Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5,244 3,456 2,081 Other Income# 595 142 159 Total Revenue 5,839 3,598 2,240 Total Expenses 4,920 3,115 2,003 EBITDA 919 483 237 EBITDA Margin (%) 18% 14% 11% Depreciation 30 38 41 Finance Cost 66 34 23 PBT 823 41
Slide 25: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities (INR FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Mn) Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2056 1,881 1,893 (b) Other Equity 4087 3,647 3,236 (b) Investment Properties 24 24
Slide 26: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5447 3,566 2,185 Other Income # 564 102 133 Total Revenue 6,011 3,668 2,318 Total Expenses 5,065 3,203 2,090 EBITDA 946 465 228 EBITDA Margin (%) 17% 13% 10% Depreciation 33 42 44 Finance Cost 66 34 24 PBT 847
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2057 1884 1897 (b) Other Equity 4107 3,643 3,223 (b) Investment Properties 24 24
Slide 28: Financial Charts (Consolidated)
Financial Charts (Consolidated) Total Revenue (INR Mn) EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) 17% 9% 8% 13% 10% 4% 2,318 3,668 6011 228 465 946 87 283 543 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 EBITDA EBITDA Margin (%) PAT PAT Margin (%) Diluted EPS (INR) PE Ratio ROCE%* 22.2% 14.
Slide 29: Capital Market Data
Capital Market Data 30% 20% 10% 0% -10% -20% -30% -40% Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Saregama Sensex Shareholding Pattern as on 30th September, 2019 Price Data (As of 30th September, 2019) INR Face Value 10.0 Market Price 345.7 Others 37.1 52 Wee
Slide 30: Disclaimer
Disclaimer Saregama India Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in al