Saregama India Limited · NSE:SAREGAMA
Saregama India — Q4 FY20 Earnings Presentation
30 slides from Saregama India's earnings presentation
Slide 1: Saregama India Limited Q4-FY20 / FY20 Earnings Presentation
SAREGAMA INDIA LIMITED Q4-FY20 / FY20 EARNINGS PRESENTATION
Slide 2: Music Meets Podcast
MUSIC MEETS PODCAST LIFESTYLE ENTERTAINMENT KIDS DEVOTIONAL CLASSICAL TRENDING BUSINESS REGIONAL
Slide 3: Snapshot
Snapshot India’s oldest music label and youngest film production house Producing digital thematic films Consistent Dividend Yield targeted at the youth segment. 12 movies released on Netflix / Disney Hotstar in 3 yrs Leading producer in terms of Strong and professional number of hours of content man
Slide 4: Strategic Overview
Strategic Overview Rising Rising Falling Rising Individual Falling Smartphone SmartphoneOwnership Ownership Data Prices based Content Piracy 450-500M 450-500M > Rs3/GB Consumption Content Consumption thru Legal means Going Up Indians spent 30% of their phone 325M people viewed video online in Avg. d
Slide 5: Strategic Overview
Strategic Overview Saregama’s Saregama’s long term strategy : Tostrategy long term be a Pure is toPlay be aContent Company pure play content capitalising on the global company capitalising data on the driven data boomentertainment globally boom Higher monetisation of Existing IP to fund IP Creation
Slide 6: Company Overview
Company Overview • Saregama India Ltd., an RP Sanjiv Goenka Group Company, is India's oldest music label, youngest film studio and a multi-language TV content producer. Over the years, the Company has expanded its Revenue from Operations business from audio to home video, publishing, digital, events
Slide 7: Business Verticals
Business Verticals Saregama is the pioneer of the Indian music industry and has evolved into a premier diversified content player with Intellectual property rights of songs, TV serials, movies having presence across platforms like television, radio, digital, telecom, etc. FY20 Revenue Share Business
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Consolidated
Consolidated
Slide 10: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q4-FY20 Q3-FY20 Q-o-Q Growth Q4-FY19 Y-o-Y Revenues • Music 917 1,153 -20% 1127 -19% • TV & Films 165 122 35% 119 39% • Publication 5 20 -75% 21 -76% Total Revenue from Operation 1087 1,295 -16% 1267 -14% PBT 223 138 62% 263 -15% PAT 148 105 41% 165 -
Slide 11: Financial Performance-Quarterly
Financial Performance-Quarterly Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q4-FY20 Q3-FY20 Q4-FY19 FY20 FY19 Growth Growth Growth Music 917 1,153 -20% 1127 -19% 4444 4897 -9% TV & Films 165 122 35% 119 39% 702 476 48% Publication 5 20 -75% 21 -76% 69 74 -7% Revenue from Operations 1087 1,295 -16% 1267 -
Slide 12: Balance Sheet
Balance Sheet As on 31st As on 31st As on 31st As on 31st Equity and Liabilities (INR Mn) Assets (INR Mn) March 2020 March 2019 March 2020 March 2019 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2053 2,057 (b) Other Equity 3814 4,107 (
Slide 13: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY20 FY19 Pre-Tax Profit 603 847 Change in other operating activities ( Non Cash Items) 25 (163) Change in Working capital 388 (916) Taxes Paid (221) (125) Net cash generated from/(used in) Operating Activities (A) 795 (357) Net cash (used in) Investing Activ
Slide 14: Standalone
Standalone
Slide 15: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q4-FY20 Q3-FY20 Q-o-Q Growth Q4-FY19 Y-o-Y Revenues • Music 890 1,115 -20% 1121 -21% • TV & Films 164 122 34% 119 38% Total Revenue from Operation 1,054 1,237 -15% 1240 -15% PBT 303 126 141% 259 17% PAT 228 92 148% 161 42% Revenue (INR Mn) PBT (INR Mn
Slide 16: Financial Performance
Financial Performance Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q4-FY20 Q3-FY20 Q4-FY19 FY20 FY19 Growth Growth Growth Revenue from Operations 1054 1,237 -15% 1240 -15% 5001 5244 -5% Other Income 28 26 4% 119 -77% 115 595 -81% Total Revenue 1082 1,263 -14% 1359 -20% 5116 5839 -12% Total Expenses 754 1,
Slide 17: Balance Sheet
Balance Sheet As on 31st As on 31st Assets (INR Mn) As on 31st As on 31st Equity and Liabilities (INR Mn) March 2020 March 2019 March 2020 March 2019 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2052 2,056 (b) Other Equity 3964 4,087 (
Slide 18: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY20 FY19 Pre-Tax Profit 658 823 Change in other operating activities ( Non Cash Items) 44 (34) Change in Working capital 362 (897) Taxes Paid (218) (122) Net cash generated from/(used in) Operating Activities (A) 846 (230) Net cash (used in) Investing Activi
Slide 19: Operational Highlights
Operational Highlights
Slide 20: Music Segment Operational Highlights
Music Segment Operational Highlights Licensing Revenue registered Y-o-Y Growth of 22% in Q4 FY-20 & 22% growth for FY19-20. In Q4 music for 5 movies (Panga, Oththaikku Oththa, Ivan Than Uthaman, Yaaro , Ranga), a standalone song with Tiger Shroff, multiple Bhojpuri songs etc. were released OTT Strea
Slide 21: Music Segment Operational Highlights
Music Segment Operational Highlights • Carvaan sale fell because of multiple factors: Carvaan Sales (units ‘000s) • Corporate buying went to zero • Electronic chains and big distributors reduced buying from Feb onwards 297 • Retail network lockdown in March 250 • March typically contributes 50% of Q
Slide 22: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Segment Future Outlook • Release of Tamil film KD on Netflix • Deals closure for Axone and • Sale of Bahut Hua Samman to Hotstar Chaman Bahaar with Platform TV Segment • Roja undisputed number 1 Future Outlook serial consistently from Week 51 onwards in
Slide 23: Financial Overview
Financial Overview
Slide 24: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5215 5447 3,566 Other Income # 112 564 102 Total Revenue 5327 6,011 3,668 Total Expenses 4610 5,065 3,203 EBITDA 717 946 465 EBITDA Margin (%) 14% 17% 13% Depreciation 47 33 42 Finance Cost 67 66 34
Slide 25: 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) Property, Plant and Equipment 2053 2,057 1,884 (a) Equity Share Capital 174 174 174 (b) Right to use assets 5 (b) Other Equity 3814 4,107
Slide 26: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5001 5,244 3,456 Other Income# 115 595 142 Total Revenue 5116 5,839 3,598 Total Expenses 4347 4,921 3,115 EBITDA 769 918 483 EBITDA Margin (%) 15% 16% 14% Depreciation 44 30 38 Finance Cost 67 66 34 PB
Slide 27: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities FY20 FY19 FY18 Assets (INR Mn) FY20 FY19 FY18 (INR Mn) Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2052 2056 1,881 (b) Other Equity 3964 4087 3,647 (b) Right of use Asset 4 Net worth
Slide 28: Financial Charts (Consolidated)
Financial Charts (Consolidated) Total Revenue (INR Mn) PAT and PAT Margin (%) 9% 8% 8% 283 543 435 3,668 6,011 5,327 FY18 FY19 FY20 FY18 FY19 FY20 PAT PAT Margin (%) Diluted EPS (INR) ROCE%* 23.9% 16.4% 14.3% 16.2 31.2 25.3 FY18 FY19 FY20 FY18 FY19 FY20 *Capital Employed = share capita. security pre
Slide 29: Capital Market Data
Capital Market Data 20% 10% 0% -10% -20% -30% Saregama -40% Sensex -50% -60% -70% -80% Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Shareholding Pattern as on 31st March, 2020 Price Data (As of 31st March, 2020) INR Face Value 10.0 Others Market Price 196.3 31.
Slide 30: 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