Saregama India Limited · NSE:SAREGAMA
Saregama India — Q1 FY2021 Earnings Presentation
26 slides from Saregama India's earnings presentation, Jul 31, 2020
Slide 1: Investor Presentation cover letter to stock exchanges
> & Rp- Sanjiv Goenka a - Group Growing Legacies July 31, 2020 The Manager, The Listing Department Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, C-1, Dalal Street, Block G, MUMBAI - 400 001 Bandra- Kurla Complex, Bandra (East), M
Slide 2: Saregama India Limited Q1/FY21 Earnings Presentation
SAREGAMA INDIA LIMITED Q1/ FY21 EARNINGS PRESENTATION
Slide 3: India's only entertainment company
Saregama INDIA’S ONLY Entertainment Company into MUSIC LICENSING DIGITAL as well as FILMS RETAIL PHYSICAL Music Retail Business Films IP Television Serials India’s Largest Music IP Distribution network Content IP rights of Content IP rights of 120k+ 28k+ 59 6k+ Songs Retailers Films Hours of Televis
Slide 4: Strategic Overview
Strategic Overview To be a Pure Play Content Saregama’s Company long term strategy is to be a pure play content capitalising oncompany capitalising the global contenton the data boom consumption globally boom driven by higher Higher monetisation of Existing IP to fund IP Creation for Future smartpho
Slide 5: Snapshot
Snapshot India’s oldest music label and youngest film production house Producing digital thematic films Consistent Dividend Yield targeted at the youth segment. 13 movies licensed to Netflix / Disney Hotstar in 3 yrs Leading producer in terms of Strong and professional number of hours of content man
Slide 6: Operational Highlights
Operational Highlights
Slide 7: Music Segment Operational Highlights
Music Segment Operational Highlights 2,381 Steadily growing Music Licensing Revenue (INR MN) 1,949 1,478 1,388 1,297 FY16 FY17 FY18 FY19 FY20 WHAT’S NEW OTT STREAMS (MN) PER QUARTER YOUTUBE VIEWS (MN) PER QUARTER 1,562 1,506 1,785 • Licensing deal with Spotify 1,689 • Publishing deal with Facebook 1
Slide 8: Music Segment Operational Highlights
Music Segment Operational Highlights • Carvaan sales fell due to lockdown • Retail network shut for last 4 months Carvaan Sales (units ‘000s) • Digital stores started delivering in select pincodes from June onwards 250 • Avg. stock holding in the distribution chain has fallen 219 214 198 • No Supply
Slide 9: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Segment Quarter Future Outlook • Release of Axone and Chaman Bahar on Netflix. Two new films deal Both films trended in the top 10 list • Chaman Bahar songs fared very well First Movie Studio to start shoot of a New Film, post Covid-19 TV Segment Quarte
Slide 10: Consolidated Financials
Consolidated Financials
Slide 11: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q1-FY21 Q1-FY20 Q4-FY20 Revenues • Music 696 1,102 917 • TV & Films 59 143 165 • Publication 10 14 5 Turnover 765 1,259 1,087 PBT 220 2 223 PAT 158 (12) 148 Revenue (INR Mn) PBT (INR Mn) & PBT Margin 30 29% 21 14 273 20 119 122 21% 21% 143 5 165 10 15
Slide 12: Financial Performance
Financial Performance Particulars (INR Mn) Q1-FY21 Q1-FY20 Y-o-Y Growth Q4-FY20 Q-o-Q Growth FY20 Turnover 765 1,259 (39)% 1,087 (30)% 5,215 Other Income 54 22 145% 34 59% 112 Total Revenue 819 1,281 (36)% 1,121 (27)% 5,327 Total Expenses 576 1,248 (54)% 872 (34)% 4,610 EBITDA 243 33 636% 249 (2)% 7
Slide 13: Balance Sheet
Balance Sheet As on 30th As on 31st As on 30th As on 31st Equity and Liabilities (INR Mn) Assets (INR Mn) June 2020 March 2020 June 2020 March 2020 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2,049 2,053 (b) Other Equity 4,255 3,814 (
Slide 14: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) QE June’20 FY20 Pre-Tax Profit 220 603 Change in other operating activities ( Non Cash Items) (26) 25 Change in Working capital 356 388 Taxes Paid (47) (221) Net cash generated from/(used in) Operating Activities (A) 503 795 Purchase of Fixed Assets (Includin
Slide 15: Standalone Financials
Standalone Financials
Slide 16: Financial Performance
Financial Performance Particulars (INR Mn) Q1-FY21 Q1-FY20 Y-o-Y Growth Q4-FY20 Q-o-Q Growth FY20 Turnover 744 1,208 (38)% 1,054 (29)% 5,001 Other Income 54 32 69% 28 93% 115 Total Revenue 798 1,240 (36)% 1,082 (26)% 5,116 Total Expenses 538 1,190 (55)% 754 (29)% 4,347 EBITDA 260 50 420% 328 (21)% 7
Slide 17: Balance Sheet
Balance Sheet As on 30th As on 31st Assets (INR Mn) As on 30th As on 31st Equity and Liabilities (INR Mn) June 2020 March 2020 June 2020 March 2020 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2,048 2,052 (b) Right to use assets 2 4 (b
Slide 18: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) QE June’20 FY20 Pre-Tax Profit 238 658 Change in other operating activities ( Non Cash Items) (26) 44 Change in Working capital 335 362 Taxes Paid (49) (218) Net cash generated from/(used in) Operating Activities (A) 498 846 Purchase of Fixed Assets (Includin
Slide 19: Financial Charts (Consolidated)
Financial Charts (Consolidated) Music Licensing Revenue PAT (INR Mn) Diluted EPS (INR) Revenue from Operations (Turnover) (INR Mn) (INR Mn) 31.2 543 5,447 5,215 25.3 2,381 435 1,949 3,566 16.2 283 1,478 1,388 1,297 5.0 2,217 2,185 3.9 86 69 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY17 FY18
Slide 20: Historical Financial
Historical Financial
Slide 21: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5,215 5,447 3,566 Other Income # 112 564 102 Total Revenue 5,327 6,011 3,668 Total Expenses 4,610 5,065 3,203 EBITDA 717 946 465 EBITDA Margin (%) 14% 17% 13% Depreciation 47 33 42 Finance Cost 67 66
Slide 22: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY20 FY19 FY18 Assets (INR Mn) FY20 FY19 FY18 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2,053 2,057 1,884 (b) Other Equity 3,814 4,107 3,643 (b) Right to use
Slide 23: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5,001 5,244 3,456 Other Income# 115 595 142 Total Revenue 5,116 5,839 3,598 Total Expenses 4,347 4,921 3,115 EBITDA 769 918 483 EBITDA Margin (%) 15% 16% 14% Depreciation 44 30 38 Finance Cost 67 66 34
Slide 24: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Equity and Liabilities (INR Mn) FY20 FY19 FY18 Assets (INR Mn) FY20 FY19 FY18 Shareholders Fund Non Current Fixed Assets 174 174 174 (a) Property, Plant and Equipment 2,052 2,056 1,881 (a) Equity Share Capital (b) Right of use Asset 4 (b) Other Equity 3,964 4,087
Slide 25: Capital Market Data
Capital Market Data 10% 0% -10% -20% -30% SAREGAMA SENSEX -40% -50% -60% -70% 01-Jul-19 01-Aug-19 01-Sep-19 01-Oct-19 01-Nov-19 01-Dec-19 01-Jan-20 01-Feb-20 01-Mar-20 01-Apr-20 01-May-20 01-Jun-20 Price Data (As of 30th June, 2020) INR Shareholding Pattern as on 30th June, 2020 Face Value 10.0 Othe
Slide 26: 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