Sipario Movies S.p.a. · EURONEXT:ALIE
Sipario Movies — Iervolino & Lady Bacardi Entertainment — Mid & Small in Milan 2022
27 slides from Sipario Movies's conference presentation, Nov 30, 2022
Slide 1: Company Presentation
COMPANY PRESENTATION “Mid & Small in Milan 2022” – Piazza degli Affari, Milan 30th November 2022
Slide 2: Disclaimer
Disclaimer This document has been prepared by Iervolino & Lady Bacardi Entertainment S.p.A. (ILBE, or the “Company”) for use during meetings with investors and financial analysts and solely for information purposes. The information set out herein has not been verified by an independent audit company
Slide 3: Speakers
Speakers Andrea Iervolino Giorgio Paglioni Flavio Marziali Chairman & Ceo MD, Finance CFO + 15 years of experience as an + 40 years of experience in + 10 years of experience in entrepreneur in the Media & Accounting & Finance as a Accounting & Finance as Entertainment industry partner at Ernst & You
Slide 4: Who We Are
WHO WE ARE
Slide 5: ILBE at a glance
ILBE at a glance • Iervolino & Lady Bacardi Entertainment S.p.A.(ILBE) is a global production company established by Andrea Iervolino and Monika Bacardi in 2011 specialized in cinema and television content production • The company, listed on Euronext Growth Milan and in Paris, has a strong focus on
Slide 6: Shareholders & Corporate Governance
Shareholders & Corporate Governance Group’s Structure Monika Bacardi Andrea Iervolino* 100% 100% • ILBE mainly focuses on production of Film, TV show, web show and Service MB MEDIA SA IA MEDIA SA Free Float** activities to third party producers, coming from IP production processes (the 47.08% 31.25%
Slide 7: Industry Structure
Industry Structure PRODUCERS DISTRIBUTORS EXHIBITORS PRODUCTION PROMOTION DEVELOPMENT DEVELOPMENT DISTRIBUTION EXHIBITION (TV, CINEMA) Development Pre-production Definition of Printing & Theatrical Selection of titles Promotion Organization Shooting Advertising investment Dvd Booking Marketing Finan
Slide 8: Overall context opens up growth opportunities for the ILBE
Overall context opens up growth opportunities for the ILBE • Positive medium term visibility for pure content providers - Overall demand for video contents remains extremely resilient in most segments, only traditional TV viewership and newspaper appear in secular decline (-1% CAGR 2020-2025) • Cons
Slide 9: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS
Slide 10: Key Investment Highlights
Key Investment Highlights Global production group with high profitability and relative low risk Long-term relationships with foreign production and distribution companies, as well as strong connections with international players and actors Generation and exploitation of valuable Intellectual Propert
Slide 11: Global Production Group with high profitability and relative low risk
Global Production Group with high profitability and relative low risk • The pyramid shows the positioning of the principal players of the film production and distribution market up to the audience. • ILBE, as a “pure” production company, is positioned at the top International Producers • Distributor
Slide 12: Generation and exploitation of valuable Intellectual Property rights
Generation and exploitation of valuable Intellectual Property rights • ILBE Group generates and exploits IP of different natures, that are distributed by its customers through different third parties distribution channels in various territories . • As a production company ILBE creates, buys and mana
Slide 13: Rich and valuable content library and work in progress
Rich and valuable content library and work in progress ILBEʼs library Arctic Puffins The Poison Waiting For Tell it Like a Puffins Eddie & Muti State of Lamborghini Dakota Friends Rose The Woman Impossible Sunny Barbarians Consciousness Actual MG Revenues1 37 2.5 15 3 1 141 82 17 21 10 4 ( €/ M) ILB
Slide 14: Integrated synergic offer in the entertainment industry
Integrated synergic offer in the entertainment industry Red Carpet: Celebrity Management Arte Video: Service Rendering IES by ILBE : IP Production • Red Carpet is a consultancy agency active in: • Arte Video offers audio/video encoding, post- • IES by ILBE is an animation celebrity management, VIP c
Slide 15: Strategy and Strengths
Strategy and Strengths With a relative de-risked business model and a rich pipeline of films and animation under production, ILBE is well positioned to expand into foreign markets and continue its profitable growth Assets Improvement: • Keep on focusing on quality IPs production with the possibility
Slide 16: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 17: 9M 2022 Highlights
9M 2022 Highlights Revenues of Euro 100 million, EBIT margin of 13.2%, in line with 9M 2021 and with H1 2022 • Revenues at €100.0 m vs €134.0 m as at 30 September 2021, due to the effect of the completion of Artic Friends production, while it should be noted that concerning the new animated producti
Slide 18: 9M 2022 Highlights and recent updates
9M 2022 Highlights and recent updates Significant events and ongoing newsflow • Sign of an agreement with the international distribution company WWPS.TV for the sale of the rights of Baby Puffins & Bunny - a total of 405 five-minute episodes – '22-’24 • Sign of an agreement with KidsMe, the children
Slide 19: Income Statement and NFP 9M 2022
Income Statement and NFP 9M 2022 Net Financial Position - €/000 9M2022 FY2021 Cash and cash equivalents (6,0) (3,2) Income Statement €/M 9M2022 9M2021 Change % Current Financial assets (11,7) (12,1) Revenues 100,0 134,0 -25,4% Liquidity (17,8) (15,3) Operating costs 18,7 6,8 176,5% Short term portio
Slide 20: Appendix
mL iervolino & lady bacardi entertainment
Slide 21: Income Statement 2020-2021
Income Statement 2020-2021 Revenues breakdown by activity 2021) • Revenues include government grants recognized on an accrual basis with regard to the productions to which they refer – in 2021 mainly Arctic Friend, Puffin, Tell it Like a Woman. Revenues from Film Productions are related: (i) license
Slide 22: Balance Sheet 2020-2021
Balance Sheet 2020-2021 • Fixed assets consists mainly of intangible assets a. Finished productions - €40,2m, includes the capitalization of the works produced, completed and delivered to the customers (primarily #190 episodes of Artic Friends, #129 episodes of the Puffins; b. Ip and distribution ri
Slide 23: Net Financial Position 2020-2021
Net Financial Position 2020-2021 The total cash flow balance for the period was negative, although it improved compared to the 2020 financial year The net financial position at 31 December 2021 showed a debit balance of €29.3m due to some payments for investments in films (the movies Lamborghini and
Slide 24: The Business from the Accounting point of view
The Business from the Accounting point of view • Companies operating in the entertainment and media industry, production companies in particular, have some peculiarities in the treatment and representation of some financial statement items. Revenue Recognition Capitalization of Production Costs Amor
Slide 25: The Business from the Accounting point of view – the production
The Business from the Accounting point of view – the production The Group starts the production of film and audiovisual content after reaching agreements for the sale of international distribution rights that provide for the payment of a "guaranteed minimum“. The Group retains the intellectual prope
Slide 26: International style quality movies
International style quality movies • Thanks to the peculiarity of the business model and to a strong relationship network, ILBE is able to attract and collaborate with some of the best celebrities Co-Lab with Co-Lab with Celebrity Personal Nominations Award Celebrity Personal Nominations Award ILBE
Slide 27: Iervolino & Lady Bacardi Entertainment S.p.A. contact
Iervolino & Lady Bacardi Entertainment S.p.A. Via Barberini, 29 00187 - Roma, Italia ir@iervolinoent.com www.ilbegroup.com
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