Nippon Television Holdings, Inc. · TSE:9404
Nippon Television — FY2021 Earnings Presentation
29 slides from Nippon Television's earnings presentation, May 17, 2022
Slide 1: FY2021 Financial Results
FY2021 Financial Results May 17, 2022 Nippon Television Holdings, Inc. 1
Slide 2: Forward-looking statements notice
This presentation may include forward-looking statements. Actual results, however, could differ significantly as a result of various factors and circumstances. Forward-looking statements contained herein are not guarantees or commitments. Reproduction of this presentation is prohibited. 2
Slide 3: Agenda
・Fiscal 2021 Overview of Financial Results ・Highlights of Group Companies ・Fiscal 2022 Outlook 3
Slide 4: Key Points of FY2021 Financial Results
Key Points of FY2021 Financial Results Point Record high profit since transition to holdings company 1 ・Nippon TV is Triple Crown Champion for 9 consecutive years for individual viewer ratings. A market share of almost 30% propelled spot ad sales growth. ・Digital ad sales including TVer increased dr
Slide 5: FY2021 Consolidated Financial Results
FY2021 Consolidated Financial Results (Millions of yen) FY2020 FY2021 Change (%) Net Sales 391,335 406,395 3.8 Operating Profit 34,526 58,682 70.0 Recurring Profit 42,944 64,838 51.0 Net Income attributable to owners 24,042 47,431 97.3 of the parent 5
Slide 6: Net Sales YoY Change Components
Net Sales YoY Change Components (Millions of yen) 430,000 △12,334 ＋965 ＋2,817 ＋3,295 420,000 △4,323 ＋5,419 410,000 400,000 ＋19,221 390,000 380,000 406,395 391,335 370,000 15,060 360,000 Increase in Profit 350,000 Previous 前期 Nippon Nippon CS TIPNESS ACM Other and Current 前期… 日ﾃﾚ地上波… 日ﾃﾚ… CS日本 ＨＪ ﾃｨｯ
Slide 7: Recurring Profit YoY Change Components
Recurring Profit YoY Change Components (Millions of yen) 70,000 ＋2,108 ＋364 △902 ＋3,414 65,000 △3,532 ＋168 60,000 55,000 ＋20,274 50,000 64,838 45,000 42,944 40,000 21,894 Increase in Profit 35,000 Previous 前期 Nippon TV 日ﾃﾚ放送事業 Nippon 日ﾃﾚ CS Nippon CS日本 TIPNESS ﾃｨｯﾌﾟﾈｽ ACM Accounted 持分法による for Other
Slide 8: CAPEX and Depreciation (Consolidated)
CAPEX and Depreciation (Consolidated) Depreciation and FY2021 CAPEX amount amortization (Unit: Billions of yen) 14.2 15.8 (Billions CAPEX amount (Billions Depreciation and amortization of yen) of yen) 30.0 30.0 21.2 20.0 20.0 19.1 17.4 15.8 14.2 14.6 14.2 13.5 13.2 8.3 7.4 10.0 6.8 10.0 0.0 0.0 2019
Slide 9: Highlights of Group Companies
・Fiscal 2021 Overview of Financial Results ・Highlights of Group Companies ・Fiscal 2022 Outlook 9
Slide 10: Nippon TV Financial Results
Nippon TV Financial Results (Millions of yen) FY2020 FY2021 Change (%) Net Sales 286,314 300,729 5.0 Operating Profit 32,922 49,725 51.0 Recurring Profit 36,429 52,779 44.9 Net Income 43,718 41,661 △4.7 10
Slide 11: Net Sales-Nippon TV
Net Sales-Nippon TV (Millions of yen) FY2020 FY2021 Change (%) TV advertising 226,802 246,024 8.5 revenue Program Sales 11,342 10,808 △4.7 Events/Content 45,870 41,546 △9.4 business sales Real Estate 2,300 2,350 2.2 Business Total 286,314 300,729 5.0 11
Slide 12: Nippon TV Advertising Revenue
Nippon TV Advertising Revenue (Millions of yen) FY2020 FY2021 Change (%) TV advertising 226,802 246,024 8.5 revenue Time 121,016 121,066 0.0 Spot 105,786 124,957 18.1 12
Slide 13: Nippon TV Cost of Sales
Nippon TV Cost of Sales (Millions of yen) FY2020 FY2021 Change (%) Production costs 88,421 84,544 △4.4 Personnel 21,616 21,926 1.4 Depreciation 11,139 10,677 △4.2 and amortization Events/content 33,169 31,814 △4.1 business costs Others 99,044 102,043 3.0 Total 253,391 251,004 △0.9 13
Slide 14: Nippon TV Production Costs
Nippon TV Production Costs (Millions of yen) FY2020 FY2021 Change (%) 88,421 84,544 △4.4 Production costs (Millions of yen) 100,000 95,349 97,543 96,022 96,687 97,976 98,483 97,726 95,245 88,421 84,544 80,000 60,000 40,000 20,000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 （FY） 14
Slide 15: Events/Content Business Sales and Costs
Events/Content Business Sales and Costs (Millions of yen) FY2020 FY2021 (Millions of yen) FY2020 FY2021 Sales 10,210 4,163 Sales 2,285 2,003 Movies Costs 7,193 2,031 IP Business Costs 650 1,335 Balance 3,017 2,132 Balance 1,636 668 Sales 739 2,089 Events Costs 905 1,669 Sales 8,341 1,549 Content Bal
Slide 16: Financial Highlights of Other Group Companies
Financial Highlights of Other Group Companies Nippon CS Nippon (Millions of yen) BS Nippon Corp. Television VAP Inc. TIPNESS Limited Corp. Music Corp 16,294 9,579 7,318 7,503 23,431 Net Sales (7.0%) (109.8%) (△38.8%) (△43.9%) (13.6%) Operating Profit 2,283 856 1,867 1,581 △3,088 (Loss) (△) (23.7%) (
Slide 17: Fiscal 2022 Outlook
・Fiscal 2021 Overview of Financial Results ・Highlights of Group Companies ・Fiscal 2022 Outlook 17
Slide 18: Consolidated Forecast and Dividend Forecast
Consolidated Forecast and Dividend Forecast FY2021 （(Millions of yen) FY2022 Forecast Change(%) Result Net Sales 406,395 435,000 7.0 Operating Profit 58,682 50,000 △14.8 Recurring Profit 64,838 55,000 △15.2 Profit attributable to owners of parent 47,431 40,000 △15.7 Net income Dividend Forecast (Uni
Slide 19: Reference Materials for Financial Results
Reference Materials for Financial Results 19
Slide 20: FY2021 Individual Viewer Ratings
FY2021 Individual Viewer Ratings March 29, 2021 – April 3, 2022 2021/03/29(月)～2022/04/03(日) NTV EX TBS TX CX PUT 全 日 All Day ① 4.0 ② 3.8 ③ 3.0 ⑤ 1.4 ④ 2.9 21.8 6時～24時 6:00 to 24:00 ▲0.6 ▲0.3 ▲0.4 ▲0.2 ▲0.2 ▲1.5 プライム Prime Time ① 5.8 ① 5.8 ③ 4.5 ⑤ 3.1 ④ 4.4 33.6 19時～23時 19:00 to 23:00 ▲0.8 ▲0.4 ▲0.6
Slide 21: FY2021 Core Target Viewer Ratings
FY2021 Core Target Viewer Ratings March 29, 2021 – April 3, 2022 2021/03/29(月)～2022/04/03(日) NTV EX TBS TX CX PUT 全 日 All Day ① 3.3 ④ 1.7 ③ 1.8 ⑤ 0.6 ② 2.2 11.7 6:00 to 24:00 6時～24時 ▲0.8 ▲0.2 ▲0.2 ▲0.1 ▲0.2 ▲1.5 プライム Prime Time ① 5.2 ④ 3.2 ③ 3.5 ⑤ 1.6 ② 3.8 20.7 19:00 to 23:00 19時～23時 ▲1.2 ▲0.3 ▲0.5
Slide 22: April 2022 Programming Strategy Themes
April 2022 Programming Strategy Themes 【Programming Strategy Themes】 ★Overcome critical challenges to TV and create timetable that wins support and choice of consumers ★From being switched OFF to ON, then becoming a FAN, then creating a BUZZ ～Through content, we will give consumers reasons to create
Slide 23: Key Elements of April 2022 Programming Strategy
Key Elements of April 2022 Programming Strategy Golden ① Mon, 9 pm ”Shabekuri 007” (time change) & ② Mon, 10 pm ”Monday Late Show” (time change) Prime Time ③ Wed 9 pm ”Girl’s Barking Night” (added to schedule) ④ April new dramas: Wed 9 pm ”Bad Girl—Glass Ceiling Crushers—” Sat 10 pm ”Pandora’s Fruit
Slide 24: Segment Results
Segment Results (Millions of yen) Reportable segments Consolidated Adjustme Income FY2021 Life and Others Total Statement Media Health Real estate nt Amount Content Related Total recorded Related Business business Business Net Sales 376,817 23,194 10,348 410,360 7,042 417,402 △11,007 406,395 Segment
Slide 25: TV Advertising Revenue YoY
TV Advertising Revenue YoY FY2020 FY2021 FY2020 FY2021 Time Spot (％） （％） (％） （％） April △2.4 △4.8 April △24.7 25.9 May 1.9 △1.2 May △40.2 79.8 June △3.1 0.4 June △47.5 100.3 July △3.8 8.2 July △32.6 29.3 August 0.6 14.5 August △26.4 18.2 September △11.6 △8.8 September △18.5 33.9 October △10.2 1.0 Oct
Slide 26: Spot Sales - Terrestrial Broadcasting (Nippon TV)
Spot Sales ‐ Terrestrial Broadcasting (Nippon TV) Share Chg Share Chg FY2020 (%) (%) FY2021 (%) (%) (％) 1 Telecom/game 19.7 17.4 Telecom/game 18.2 9.0 25.0 2 Cosmetics/toiletries 9.0 △25.9 Service 12.3 63.8 20.0 3 Service 8.8 △31.0 Cosmetics/toiletries 8.6 12.8 FY2020 15.0 4 Pharmaceuticals 6.1 △5.6
Slide 27: Movie Lineup for 2022
Movie Lineup for 2022 ☆ Lead organizer is Nippon TV ★=Co-organized with Nippon TV ■ = Produced by HI-AX Date Title Distributor Now DETECTIVE CONAN TOHO showing The Bride of Halloween ★THE WAY OF THE June 03 Sony HOUSEHUSBAND: The Movie June 17 ☆BL Metamorphosis NIKKATSU 27
Slide 28: Movie Lineup for 2022
Movie Lineup for 2022 ☆ Lead manager is Nippon TV ★ Co-organized with Nippon TV ■ = Produced by HI-AX Date Title Distributor ANPANMAN: June 24 Dororin and the Transformation TOKYO Theatre Carnival July 15 ★KINGDOM 2(working title) TOHO/Sony September 09 ■HiGH & LOW THE WORST SHOCHIKU X(working title
Slide 29: Event Lineup for 2022
☆Event Lineup for 2022 ※Due to COVID-19, events may be postponed or canceled Date Event BOTERO – MAGIC IN FULL FORM 【Tokyo】 From Friday, April 29 to Sunday, July 3, 2022 The Toshio Suzuki and Ghibli exhibition 【Tokyo】 From Friday, July 1 to Wednesday, September 7, 2022 Art & Power: From Pharaohs to
Nippon Television Holdings — FY2021 Earnings Presentation on 6ix