Music Broadcast Ltd. · NSE:RADIOCITY
Music Broadcast — Q3 FY21 Earnings Presentation
19 slides from Music Broadcast's earnings presentation, Jan 21, 2021
Slide 1: Exchange filing cover letter for Investor Presentation
January 21, 2021 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza, 5th Floor Corporate Relationship Department Plot No. C/1, G Block; Bandra (East) Phiroze Jeejeebhoy Towers Mumbai 400 051 Dalal Street; Fort Mumbai 400 001 NSE Scrip Code: RADIOCITY BSE Scrip Code: 540366 ISIN:
Slide 2: Music Broadcast Limited Investor Presentation January 2021
Music Broadcast Limited Investor Presentation January 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Music Broadcast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Key Highlights: Radio City and Radio Industry
Key Highlights Radio City ▪ PAT Break-even in Q3 FY21 ▪ EBITDA Positive in Q3 FY21 ▪ Maintains its leadership position at 21% volume market share - YTD December ▪ YoY 9% growth in volumes for Q3 FY21 ▪ Volume growth of 1.6 times over Q2FY21 ▪ Negligible impact of IPAB order on Royalty Cost* Radio In
Slide 5: EBITDA and PAT Positive for the quarter
EBITDA and PAT Positive for the quarter • Positive EBITDA in Q3FY21 • Reached Break-Even at PAT Level Revenue EBITDA PAT 70 22 10.2 41 0.1 4 30 14 -3 -6.5 Q3FY20 Q1FY21 Q2FY21 Q3FY21 -15 -13.9 Q3FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY20 Q1FY21 Q2FY21 Q3FY21 4 All figures in Rs. Cr
Slide 6: Negligible impact of IPAB order on Royalty Cost
Negligible impact of IPAB order on Royalty Cost* Category A+ Category A Category B Category C Category D Total Stations Stations Stations Stations Stations 1.7% 2.4% 5.0% 5.7% 3.2% 2.4% 2.3% 2.1% 2.3% 3.0% 0.9% 2.9% Old Rate New Old Rate New Old Rate New Old New Old Rate New Old New Rate Rate Rate R
Slide 7: Radio City Consistently Outperforming the Industry
Radio City Consistently Outperforming the Industry Q1 FY21 Radio Industry Q2 FY21 Radio Industry Q3 FY21 Radio Industry YTD FY21 Radio Industry Performance YoY Performance YoY Performance YoY Performance YoY 9% -2% -16% -24% -25% -33% -71% -75% Industry Radio City Industry Radio City Industry Radio
Slide 8: Maintained Leadership Market Share
Maintained Leadership Market Share Radio City Peer 1 Peer 2 21% 21% 20% 21% 20% 19% 18% 19% 19% 19% 18% 17% 18% 18% 18% FY20 Exit Q1FY21 Q2FY21 Q3FY21 YTD FY20 Exit Q1FY21 Q2FY21 Q3FY21 YTD FY20 Exit Q1FY21 Q2FY21 Q3FY21 YTD Radio City is at highest Volume Market Share across all operators main freq
Slide 9: Initiatives Driving Ad-Volumes
Initiatives Driving Ad-Volumes Long Term Deals Special Campaigns Festive Revenues Govt. Proactive pitches Initiatives Digital First Integrations Corona Campaigns RC Bazaar Big Ticket Content Integrations Corona Campaigns Safety Icon Awards Other Initiatives Corona Campaigns • Attracted 34% of the ne
Slide 10: Cost and Collection initiatives
Cost and Collection initiatives Operating Cost saving of Rs. 40 Cr YTD till Dec → 29% Cost Reduction compared to Cost Efficiency same period last year Collection of Rs. 33 Crores during the quarter of which collection from government Collection Efficiency was Rs 5 Crores Strong Liquidity Position Ca
Slide 11: M&E: Signs of Volume recovery; value recovery yet to follow
M&E: Signs of Volume recovery ; However value recovery yet to follow Print Radio TV Sq Cm Ad Ad Duration Volume Volume Volume Q3 FY21 V 17% 55% 63% Q2 FY21 Q3 FY21 V 19% -13% -2% Q3 FY20 Q2 FY21 V 4% -34% -24% Q2 FY20 10 Source: ADEX Vol for TV, Print (Excluding In-House Ads) and Aircheck 15 Mkts fo
Slide 12: Radio Industry – Q3FY21 Category Trend
Radio Industry – Q3FY21 Category Trend Growth Categories De-Growth Categories Real Estate Dotcom Auto Food/Soft Government Drinks Finance Electricals Contribution Volume 13% 11% 10% 9% 8% 8% Growth (YOY) De-Growth (YOY) Volume Growth 28% 18% 63% 18% 19% 10% Source: Aircheck 15 Markets 11
Slide 13: Radio City Programming & Digital Performance & Initiatives
Radio City Programming & Digital Performance & Initiatives
Slide 14: Radio City Listenership trends in Mumbai, Delhi and Bengaluru
Radio City Listenership trends in Mumbai, Delhi and Bengaluru Listenership Market Share Data Mumbai Bengaluru Delhi 40.00 20 30.00 20 % Share % Share % Share 20.00 10.00 0 0.00 0 Q4 Q1 Q2 Q3 Q4 Q1FY21 Q2 Q3 FY19 FY20 FY20 FY20 FY20 FY21 FY21 Radio Mirchi Radio One Radio City Mirchi One Radio City Mi
Slide 15: Digital Performance
Digital Performance Social Media Reach Q3FY21 Video IP’s Highlights Digital reach of 120 Mn through social media apps like Youtube, Facebook, Twitter, Instagram and Web Radio Rank #1 4.2 Mn Likes Rank #2 3.16 Lakhs • In H3 the episodes of Viral City Mumbai & Prank videos by RJ Raghav Delhi received
Slide 16: Initiatives in the Quarter
Initiatives in the Quarter Radio City Super Singer 12 City Ki Tech Shaala -2 Radio City culminated the 12th season of its singing talent hunt Radio City, culminated the second edition of the ‘City Ki Tech- on the radio - Radio City Super Singer - to uphold its legacy of Shaala’ campaign this festive
Slide 17: Initiatives in the Quarter
Initiatives in the Quarter Iss Diwali gale nahi, dil milne do’ Safe City Awards Santa Ka Naya Jhola Radio City initiated, Iss Diwali gale nahi, dil milne do’ Radio City applauded efforts of retail businesses Radio City, India’s leading radio network, celebrated campaign to spread the message of safe
Slide 18: Profit and Loss
Profit and Loss In Rs. Crs Q3FY21 Q3FY20 YoY Q2FY21 QoQ 9MFY21 9MFY20 YoY Revenue 40.7 69.6 -42% 30.1 35% 85.1 202.0 -58% Licenses Fees 4.7 5.0 4.6 13.8 14.9 Employee Expenses 12.2 14.8 11.4 35.2 43.0 Other Expenses 19.6 28.3 17.1 50.2 81.6 EBITDA 4.2 21.6 -91% -3.0 NA -14.1 62.5 NA EBITDA Margin 10
Slide 19: Contact Us
CIN: L64200MH1999PLC137729 Ms. Sangeetha Kabadi Email : sangeethak@myradiocity.com Mr. Jimmy Oza Email: jimmyo@myradiocity.com www.radiocity.in Contact Us CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya Email : jigar.kavaiya@sgapl.net www.sgapl.net