Saregama India Limited · NSE:SAREGAMA
Saregama India — Q4 FY23 Earnings Presentation
24 slides from Saregama India's earnings presentation
Slide 1: Saregama India Limited Quarterly Presentation Q4 FY23
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q4 FY23
Slide 2: Saregama Strengths
SAREGAMA STRENGTHS India’s only entertainment company with IP offerings across media channels (music, films, web series and TV serials), delivery platforms (physical and digital) and business models (licensing and retail) Large intellectual property portfolio of 150K+ songs, 69 films and web series,
Slide 3: Key Financial Metrics
SAREGAMA Key Financial Metrics Revenue From Operations (INR Mn) Adjusted EBITDA (INR Mn) PBT(INR Mn) 7,513 50% CAGR 2,699 23% CAGR 59% CAGR 2,537 2,230 5,806 5,447 2,044 5,215 4,420 1,519 1,451 3,566 2,185 847 786 763 603 511 389 237 159 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY17 FY18 FY19 FY20 FY21 FY
Slide 4: Music Licensing, Music Retail, Films & Series, Live Events
Music Licensing. Music Retail. Films & Series. Live Events 1,574 1,024 702 Publication 476 521 Film, Events and Series, FY19 FY20 FY21 FY22 FY23 * * 4,410 21% * 3,585 * 2,839 FY23 1,949 2,361 Revenue INR 7513 Mn 60% 2,948 FY19 FY20 FY21 FY22 FY23 17% * One time income of INR 84Mn in FY23, INR 97Mn i
Slide 5: Strategic Overview
Strategic Overview To be a Pure Play Content Company capitalising on the global content consumption boom driven by the ever-increasing Digitisation Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform. Monetisation of Existing IP Carvaan transitioning from being a Prod
Slide 6: Path to Leadership Position in Music Segment
Path to Leadership Position in Music Segment Acquisition of Better Monetisation Capability Disproportionate Share of New Content across Hindi & Regional Languages + Small & Mid size Music Catalogues using Cash Reserves + on the back of Catalogue + New Content strength Investments in Deeper artiste r
Slide 7: Music Segment: Revenue from Catalogue Music continues to grow
Music Segment Revenue from Catalogue Music continues to grow Annual Growth in Music Licensing Revenue from Saregama owned Songs classified by Decade of Release FY19 FY20 FY21 FY22 FY23 2001 – 2020 47% 24% 18% 4% 19% 1981 – 2000 32% 18% 27% 1% 19% Till 1980 24% 23% 20% 5% 7% All revenue from derivati
Slide 8: Saregama is no longer a Catalogue Company
Music Segment Saregama is no longer a Catalogue Company 33% of Saregama’s songs were released post 2000, and they contributed to 48% of FY23 revenue FY23 150k+ songs generated Licensing Revenue INR 4,410 Mn * Era wise Breakup 2021-2023 8% 27% 2001-2020 25% 21% 1981-2000 26% 21% 1961-1980 25% 29% Til
Slide 9: Our growth strategy in Video segment
Our growth strategy in Video segment Pick Films and Cast primarily basis recoveries from Pick Web Series basis pre-licensing approval Digital and TV licensing from a VoD platform + Retain IP Volume of Films / Series to drive Greater emphasis on regional for Portfolio building & future Cost Optimisat
Slide 10: Our Licensing Partners
OUR LICENSING PARTNERS Streaming Partners Broadcasting Partners Video Streaming Partners Music Music + Films & Series Music + Films & Series vO uVid v Social Media Platforms Brands Music + Films & Series Music 10
Slide 11: Operational Highlights
OPERATIONAL HIGHLIGHTS 11
Slide 12: Music Segment Posted Highest Ever Yearly Revenue
MUSIC SEGMENT POSTED HIGHEST EVER YEARLY REVENUE FY23 – INR 5,708Mn Music Segment Revenue Per Quarter (INR Mn) FY22 – INR 4,643 Mn 1547 1509 1378 1333 1274 1216 1175 1142 1004 919 858 696 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Revenue grew 23%
Slide 13: Music Segment Licensing: Monetisation
MUSIC SEGMENT LICENSING : MONETISATION YOUTUBE VIEWS (Bn) PER QUARTER • Brand Licenses: ITC, Google Pay, Orient Fans, Nestle KitKat, Spotify, KFC, One Card, Marico, 66 Reliance Trends, Lux Cozy etc. 53 • Digital Content Licenses: 44 36 39 Ladies Hostel (Amazon Prime), Gulmohar (Hot star), Chor Nikal
Slide 14: Music Segment: Content Creation
MUSIC SEGMENT : CONTENT CREATION Film Albums released in Q4 TELUGU TAMIL MALAYALAM BENGALI Nani Kalyan Ram Sivakarthikeyan Udhayanidhi Stalin Sushin Shyam Savvy Vishwak Sen Naga Shaurya Raghava Lawrence Gautham Karthik Asif Ali and Sunny Wayne Rupankar Bagchi Ravi Teja S V Krishna Reddy Hiphop Tamiz
Slide 15: Music Segment: Content Creation
MUSIC SEGMENT : CONTENT CREATION 181 Non-Film Songs released in Q4 HINDI BHOJPURI GUJARATI Stebin Ben Khesari Lal Khesari Lal Kajal Maheriya Shakti Mohan Talat Aziz Arvind Akela Neelkamal Singh Rakesh Barot Saaj Bhatt Akshara Singh Khesari Lal Kajal Maheriya Sanam 15
Slide 16: Music Segment: Retail
MUSIC SEGMENT : RETAIL Carvaan Sales (units ‘000s) Retail: 168 • Unit Sales grew 26% Y-o-Y 156 141 139 • Carvaan Mobile volumes building up 112 • Margin % similar on all Carvaan variants : base model, 98 Mini, Mobile, Music Bar Q3-FY22 Q4-FY22 Q1-FY23 Q2-FY23 Q3-FY23 Q4-FY23 Future Outlook ▪ Relianc
Slide 17: Films, Web Series & TV Segment
FILMS, WEB SERIES & TV SEGMENT Films and Web Series Future Outlook • Two Web-Series “Hunter” starring Suniel • Our Film “Agra” directed Shetty and “United Kacche” starring by Kanu Bhel is set to Sunil Grover released during Q4 FY23. premiere at the Cannes Film Festival 2023. • Veteran Malayalam acto
Slide 18: Financial Highlights Consolidated
FINANCIAL HIGHLIGHTS CONSOLIDATED 18
Slide 19: Quarterly Financial Summary
QUARTERLY FINANCIAL SUMMARY Particulars (INR Mn) Q4 FY23 Q3 FY23 Q-o-Q Growth Q4FY22 Y-o-Y Growth Revenue from Operations • Music 1,461 1,547 (6)% 1,271 15% • Films, Television serials and Events 575 272 111% 525 10% • Publication 38 35 9% 6 533% Revenue from Operations 2,074 1,854 12% 1,802 15% Adj
Slide 20: Adjusted EBIDTA to PAT
Adjusted EBIDTA to PAT FY23 without Q-o-Q Y-o-Y impact of Y-o-Y Particulars (INR Mn) Q4 FY23 Q3 FY23 Q4 FY22 FY 23 FY22 Growth Growth Change in Growth Useful Life Revenue from Operations (A) 2,074 1,854 12% 1,802 15% 7,513 7,513 5,806 29% Total Expenses (B) 1,456 1,119 30% 1,158 26% 4,814 4,814 3,57
Slide 21: Balance Sheet
BALANCE SHEET As at 31st As at 31st As at 31st As at 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Mar’ 2023 Mar’ 2022 Mar’ 2023 Mar’ 2022 Shareholder's fund Non-current assets 193 193 (a) Property, plant and equipment 2,208 2,141 (a) Equity share capital (b) Right-of-use assets 11 13 (b) Oth
Slide 22: Cash Flow Statement
CASH FLOW STATEMENT Particulars (INR Mn) FY23 FY 22 Pre-Tax Profit 2,537 2,044 Change in other operating activities ( including non-cash Items) (499) (139) Change in Working capital (491) (389) Taxes Paid (699) (572) Net cash generated from Operating Activities (A) 848 944 Investment in Fixed Deposi
Slide 23: Financial Charts (Consolidated)
FINANCIAL CHARTS (CONSOLIDATED) Revenue from Operations Music Licensing Revenue Content Charge (INR Mn) PAT (INR Mn) (Turnover) (INR Mn) (INR Mn) * 1,890 4,410 679 * 7,513 1,526 3,585 * 5,806 463 * 5,447 2,839 1,135 5,215 2,361 4,420 1,949 543 179 176 435 99 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 F
Slide 24: Disclaimer
DISCLAIMER Saregama India Ltd. Disclaimer: In evaluating our business, we consider and use non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, PAT Margin, Debt to Equity Ratio, Return on Equity, to review and assess our operating performance. These non-GAAP financial