Asahi Broadcasting Group Holdings Corporation · TSE:9405
Asahi Broadcasting — FY2022 Earnings Presentation
43 slides from Asahi Broadcasting's earnings presentation, May 22, 2023
Slide 1: Presentation for Fiscal 2022
Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Asahi Broadcasting Group Holdings Corporation Presentation for Fiscal 2022 (For the
Slide 2: Matters to be reported
Matters to be reported Overview of Consolidated Financial Report for Fiscal 2022 and Financial Results Forecasts for Fiscal 2023 Consolidated Results and Segment Information…P.4 Asahi Television Broadcasting Results……………P.10 2021–2025 Medium-Term Management Strategy ～NEW HOPE 2nd STAGE～ …………
Slide 3: Greetings
Greetings Susumu Okinaka Representative Director and President Asahi Broadcasting Group Holdings Corporation 3
Slide 4: Consolidated Results
Consolidated Results Hironobu Nakamura Executive Officer (Accounting) Asahi Broadcasting Group Holdings Corporation 4
Slide 5: Consolidated Results
Consolidated Results (Millions of yen) FY22/3 FY23/3 YoY % Change Net Sales 85,100 87,028 1,928 2.3% Operating Expenses 80,897 84,434 3,537 4.4% Cost of Sales 55,581 58,067 2,485 4.5% Details Selling, General and Administrative Expenses 25,315 26,366 1,051 4.2% Operating Income 4,203 2,594 -1,608 -3
Slide 6: Results by Segment
Results by Segment Net Sales FY22/3 FY23/3 YoY % Change Broadcasting and Content 71,348 72,967 1,618 2.3% Broadcasting 56,130 55,516 -614 -1.1% By business Content 15,170 17,387 2,216 14.6% Other 47 63 16 33.9% Lifestyle 13,751 14,061 310 2.3% Housing 9,825 9,770 -55 -0.6% By business At-home shoppi
Slide 7: FY24/3 Consolidated Financial Results Forecasts
FY24/3 Consolidated Financial Results Forecasts (Millions of yen) FY23/3 (actual) FY24/3 YoY % Change Net Sales 87,028 90,000 2,971 3.4% Operating Income 2,594 2,500 -94 -3.6% Ordinary Income 2,661 2,700 38 1.4% Profit Attributable to Owners of Parent 1,354 1,700 345 25.6% Net Sales Operating Income
Slide 8: FY24/3 Financial Results Forecasts by Segment
FY24/3 Financial Results Forecasts by Segment (Millions of yen) Net Sales FY23/3 (actual) FY24/3 YoY % Change Broadcasting and Content 72,967 75,400 2,432 3.3% Broadcasting 55,516 56,700 1,183 2.1% By business Content 17,387 18,600 1,212 7.0% Other 63 100 36 57.0% Lifestyle 14,061 14,600 538 3.8% Ho
Slide 9: Dividends
Dividends Interim dividend Year-end dividend 30 28 26 25 24 20 20 18 18 18 18 16 17 16 15 10 17 14 9 9 6 10 12 10 10 8 5 5 9 9 10 10 9 10 6 6 5 7 6 0 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 (FY) 9
Slide 10: ABC TV Results
ABC TV Results Shinya Yamamoto Representative Director and Vice President Asahi Broadcasting Group Holdings Corporation Representative Director and President Asahi Television Broadcasting Corporation 10
Slide 11: ABC TV Results
ABC TV Results FY22/3 FY23/3 YoY % Change Net Sales 55,812 56,527 714 1.3% Operating Expenses 52,879 53,990 1,110 2.1% Cost of Sales 32,877 33,635 757 2.3% Details Selling, General and Administrative Expenses 20,001 20,354 353 1.8% Operating Income 2,933 2,537 -396 -13.5% Ordinary Income 3,057 2,987
Slide 12: Trends of ABC TV Results
Trends of ABC TV Results (Millions of yen) Net Sales Operating Income 57,605 55,812 56,527 51,288 2,933 2,537 1,401 1,353 (FY) 20/3 21/3 22/3 23/3 12
Slide 13: Details of ABC TV Revenue
Details of ABC TV Revenue (Millions of yen) FY22/3 FY23/3 YoY % Change Broadcasting 50,502 49,534 -968 -1.9% Revenue Content Revenue 4,980 6,694 1,714 34.4% Other Revenue 329 297 -31 -9.6% ■Broadcasting Revenue ※ Recorded in the broadcasting business in the consolidated financial results Mainly adve
Slide 14: Trends of ABC TV Major Broadcasting Revenues
Trends of ABC TV Major Broadcasting Revenues ■Spot ・Down 2.3% YoY (Millions of yen) *See the following pages for more details. 20/3 21/3 22/3 23/3 ■Network (Time) ・Down 5.6% YoY Spot 31,298 27,587 30,817 30,094 ・ Decrease in the broadcast time of our nationwide network programs Network (Time) 14,347
Slide 15: ABC TV Spot Revenue (Quarterly Performance)
ABC TV Spot Revenue (Quarterly Performance) FY20/3 FY21/3 FY22/3 FY23/3 (Millions of yen) 8,412 8,464 8,028 8,077 8,225 7,312 7,986 7,584 8,053 7,905 7,900 7,427 6,781 6,594 5,369 5,675 1Q 2Q 3Q 4Q (APR-JUN) (JUL-SEP) (OCT-DEC) (JAN-MAR) 15
Slide 16: ABC TV Spot Revenue (By Top Industries)
ABC TV Spot Revenue (By Top 20 Industries） April 2021-March 2022 April 2022-March 2023 Rank Industry YoY* Composition rate YoY* Composition rate 1 Transportation/Leisure/Food Services/Services 124.3% 10.9% 119.5% 13.3% 2 Foods 105.3% 9.5% 92.9% 9.1% 3 Pharmaceuticals/Medical Supplies 102.9% 7.4% 100
Slide 17: Television Viewer Ratings in Kansai Region (Individual)
Television Viewer Ratings in Kansai Region for April 2022- March 2023* [ Individual (ALL) ] All Day Golden Time Prime Time Prime 2 (6:00-24:00) (19:00-22:00) (19:00-23:00) (23:00-25:00) YTV YTV YTV YTV １ 3.7% 6.2% 6.0% 3.2% ABC ABC ABC ABC ２ 3.6% 5.8% 5.9% 2.8% KTV KTV KTV KTV ３ 3.2% 5.0% 5.0% 2.4%
Slide 18: Trends of Ranking of Television Viewer Ratings in Kansai Region
Trends of Ranking of Television Viewer Ratings in Kansai Region [Individual (ALL) ] (Fiscal 2022 Quarterly) All Day (6:00-24:00) Golden Time (19:00-22:00) Prime Time (19:00-23:00) Prime 2 (23:00-25:00) 18
Slide 19: FY2022 Notable Results
FY2022 Notable Results Year-end and New Year's Special Programs Continued to Maintain Top Share ●M-1 Grand Prix, Who is a real celebrity?: Individual (ALL) for Kanto and Kansai regions were top performers in same time slot. ●Who is a real celebrity? topped all programs on the three New Year's days i
Slide 20: FY24/3 ABC TV Results Forecasts
FY24/3 ABC TV Results Forecasts (Millions of yen) FY23/3 FY24/3 YoY % Change (actual) Net Sales 56,527 58,650 2,122 3.8% Operating Expenses 53,990 56,650 2,659 4.9% Operating Income 2,537 2,000 -537 -21.2% Ordinary Income 2,987 2,050 -937 -31.4% FY23/3 FY24/3 YoY % Change (actual) Program Expenses 1
Slide 21: FY24/3 ABC TV Revenue Forecasts
FY24/3 ABC TV Revenue Forecasts (Millions of yen) FY23/3 FY24/3 YoY % Change (actual) Broadcasting Business Revenue 49,534 50,500 965 1.9% Spot 30,094 30,100 5 0.0% Network 12,294 12,740 445 3.6% Details Local 5,805 5,850 44 0.8% TV Program Streaming (Mainly on TVer) 618 850 231 37.5% Content Busine
Slide 22: FY2023 Initiatives
FY2023 Initiatives Start of a New Nationwide Network Primetime Drama Series New Services Leveraging Program IP ●Create and deliver original, high-quality content with an eye to overseas markets; Released Fan Community App! provide to as many people as possible, not only on terrestrial TV but also th
Slide 23: Creating Businesses to Solve the SDGs and Social Issues
Creating Businesses to Solve the SDGs and Social Issues SDGs/Regional Co-Creation x Business Creation ●For a better tomorrow, for a better future. Doing all we can ●Furulabo is a Furusato Nouzei hometown tax under the Asu Mirai Project, currently in full swing. Our goal donation system website addre
Slide 24: 2021-2025 Medium-Term Management Strategy NEW HOPE 2nd STAGE
» ABC = 2024-2025 Medium-Term Management Strategy NEW HOPE : — Susumu Okinaka Representative Director and President Asahi Broadcasting Group Holdings Corporation 24
Slide 25: NEW HOPE 2021-2025: Our Vision
w@ NEW HOPE 2021-2025 : Our Vision in the wake of COVID-19 2023 Launch May 2021 NEW HOPE 2”d STAGE Announced NEW HOPE, our medium-term management strategy The start of a period of great social and industrial change Toward 2025 and Beyond Reflecting on the results and issues encountered over the two
Slide 26: NEW HOPE 2021-2025 Vision and Priority Targets
a NEW HOPE 2021-2025 Vision and Priority Targets Creating and Delivering New Happiness (Priority Targets ) 1. Strengthen and diversify human resources throughout the group 2. Leverage the power of broadcasting, and strengthen and deepen group collaboration 3. Build a data utilization system and purs
Slide 27: NEW HOPE: Our Greatest Strengths
NEW HOPE Our Greatest Strengths are Our Diverse Content and Content Creation Human Resources. Maximizing Our Strengths for Further Growth. HOPE 7 27 Asahi Broadcasting Group Holdings Corporation
Slide 28: NEW HOPE Our Business Environment
Ww NEW HOPE Our Business Environment Technology Ch . dia/content . t B ; nutter fn Clee Mtaetaaetat * Prolonged global instability e nging m | inten nvironmen . janging media/content environme isruptive evolution in digital technologies Mincraseaciavareneestortnemecdl tore (Al, XR, loT, robotics, et
Slide 29: NEW HOPE Priority Measures
@ NEW HOPE ¢ Maximize the Power of the Individual and the Power of the Group Internally and Externally. «Become a Group of Talented Professionals in All Capacities. Zz ZI 29 Priority Measures (2) Create Businesses Through Digital Transformation (DX) «From the pursuit of DX to a phase of practical im
Slide 30: Growth Investment Strategy
a NEW HOPE 24 STAGE Growth Investment Strategy @ Leverage M&A and corporate venture capital (ABC DREAM VENTURES) to secure functions and resources in line with our content and lifestyle business strategies. @ Strengthen investment in the digital domain, aiming to create businesses through DX. @ Maxi
Slide 31: Financial Strategy
a NEW HOPE 2°4 STAGE Financial Strategy @ Optimize our business portfolio by allocating management resources in light of the cost of capital for investment. @ Increase corporate value as a comprehensive content business group through ongoing investment in growth to achieve our medium-term management
Slide 32: Medium-term Management Strategy: Rolling Update (Quantitative Targets)
Medium-term Management Strategy Rolling Update (Quantitative Targets)
Slide 33: Priority Targets (Quantitative)
@ Priority Targets (Quantitative) Financial Plan by 2025 (Rolling Plan 2022) (Millions of yen) L mene ) FY2022 FY2023 FY2024 FY2025 Income Income Income Income Income Consolidated Group 85,100 4,203 91,000 4,000 94,000 4,500 97,000 5,000 100,000 5,700 Rolling Plan 2023 FY2023 FY2024 FY2025 FY2021 FY
Slide 34: Priority Targets (Quantitative by Segment)
@ Priority Targets (Quantitative by Segment) Financial Plan by 2025 (Rolling Plan 2022) (Millions of yen) V By reportable ah FY2022 FY2023 FY2024 FY2025 segment Income Income Income Income Income Broadcastingand 74,348 3,654 75,200 3,300 77,000 3,200 79,300 + 3,600 81,000 3,800 Lifestyle 13,751 874
Slide 35: A Final Word
A Final Word 4 > This medium-term strategy runs until 2025, but the environment surrounding us is changing at an incredibly fast pace. We are now at a stage where we have to think about what comes after this medium-term strategy. First and foremost, we've provided some broad guidelines at this stage
Slide 36: Reference Materials
36 Reference Materials INTE
Slide 37: Capital Investments/Depreciation and Amortization
Capital Investments/Depreciation and Amortization FY22/3 FY23/3 FY24/3 (forecasts) Consolidated ABC TV Consolidated ABC TV Consolidated ABC TV Capital Investments ¥8.4bn ¥6.5bn ¥7.9bn ¥0.8bn ¥4.8bn ¥2.9bn Depreciation and ¥3.2bn ¥1.5bn ¥3.7bn ¥1.7bn ¥3.9bn ¥1.9bn Amortization 37
Slide 38: Major Group Companies: Broadcasting Business
Major Group Companies① <Broadcasting Business> (Millions of yen) ABC Radio sky-A (CS broadcasting) Net Sales Operating Income 3,756 3,541 3,212 3,088 2,505 2,407 2,119 2,179 413 313 82 259 217 -5 -165 (FY) 20/3 21/3 22/3 23/3 (FY) 20/3 21/3 22/3 23/3 38
Slide 39: Major Group Companies: Content Business
Major Group Companies② <Content Business> (Millions of yen) ABC FRONTIER ABC Animation MASH (Note) ABC FRONTIER split off subsidiary ABC Animation in 2,522 FY22/3. No figures are available for ABC FRONTIER for FY21/3 or earlier. 2,217 2,069 1,960 1,681 1,839 1,668 Net Sales Operating Income 1,567 1,
Slide 40: Major Group Companies: Lifestyle Business
Major Group Companies③ <Lifestyle Business> (Millions of yen) ABC Development ABC GOLF CLUB Net Sales Operating Income 1,016 917 986 12,649 791 12,391 73 59 44 -51 10,265 10,201 (FY) 20/3 21/3 22/3 23/3 1,142 ABC FUN LIFE (Note) Corporate name changed from ABC Media 939 889 Communications for the fi
Slide 41: Television Viewer Ratings in Kansai Region (Household)
Television Viewer Ratings in Kansai Region for April 2022- March 2023* [ Household ] All Day Golden Time Prime Time Prime 2 (6:00-24:00) (19:00-22:00) (19:00-23:00) (23:00-25:00) YTV ABC・YTV ABC YTV １ 6.6% 9.7% 10.0% 5.8% ABC ＊＊＊ YTV ABC ２ 6.4% ＊＊＊ 9.4% 5.2% KTV NHK KTV KTV・MBS ３ 5.6% 8.4% 8.0% 4.3%
Slide 42: ANN's TV Network
ANN’s TV Network Asahi Television Broadcasting Corporation 21.59 million people 10.18 million households TV Asahi Corporation 43.61 million people 20.92 million households 42
Slide 43: Disclaimer
Disclaimer The financial results forecasts in the period in this presentation are determined on the information available at the moment. As a result, the information contains inherent risks and uncertainties. The outlook may significantly change due to external factors such as domestic and overseas
Asahi Broadcasting Group Holdings — FY2022 Earnings Presentation on 6ix