Slide 1: Prime Focus Limited Q3FY17 Investor Presentation
Prime Focus Limited Q3FY17 Investor Presentation February 2017
Slide 2: Safe Harbor
Safe Harbor Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ m
Slide 3: Contents Page
Contents Page Q3 & 9M FY17 Performance 04-15 About Prime Focus 16-21 Annexure 22-25 Financials 22-24 Shareholding pattern 25
Slide 4: Q3 & 9M FY17 Performance
Q3 & 9M FY17 Performance
Slide 5: Delivering Profitable growth: EBITDA up 71% YoY
Delivering Profitable growth: EBITDA up 71% YoY, well ahead of target Segmental Highlights: All businesses witness robust growth Revenue Rs 5.1 bn Creative Services Consolidated revenues up 8% YoY driven by strong • Delivered movies include Fantastic Beasts and Where to Find Them and growth across b
Slide 6: Q3FY17: +ve PAT with high EBITDA Margin of 24.1%
Q3FY17: +ve PAT with high EBITDA Margin of 24.1%, much above target of 20% . . . Figures in Rs Million; Consolidated financials Operating EBITDA / PAT/ Revenue EBITDA Margin* PAT Margin 1400 30% 250 227 5% 5,072 1,223 200 4% 1200 4,685 25% 150 4.5% 3% 1000 24.1% 20% 100 2% 800 716 50 1% 15% 0 0% 600
Slide 7: Creative Services: Strong growth in Revenue & EBITDA
Creative Services: Strong growth in Revenue (up 13%) & EBITDA (up 102%) Figures in Rs Million; Consolidated financials Revenue EBITDA / EBITDA Margin 1000 25% 871 3,823 900 3,381 800 22.8% 20% 700 600 15% 500 432 400 10% 13% YoY 12.8% 102% YoY 300 200 5% 100 0 0% Qtr ending Dec'15 Qtr ending Dec'16
Slide 8: Working with current and upcoming Hollywood hits
Working with current and upcoming Hollywood hits Delivered in Q3 FY17 Robust Order book over $250 mn+ Pacific Rim: Fast 8 Geostorm The Great Wall Uprising Fantastic Beasts and Assassin's Creed Where to Find Them Dunkirk The Mummy Justice League Wonder Women Investor Update Q3 FY17
Slide 9: PFT, delivers higher margins in-spite of investing
PFT, delivers higher margins in-spite of investing to maintain high growth Figures in Rs Million; Consolidated financials Revenue EBITDA / EBITDA Margin 850 250 50% 245 45% 240 235 40% 235 35% 230 228 30% 803 225 25% 220 28.4% 27.6% 20% 6% YoY 3% YoY 215 15% 210 10% 205 5% 200 0% Qtr ending Dec'15 Q
Slide 10: Continued growth momentum with new Clients wins
Continued growth momentum with new Clients wins Revenue Analysis Project ROW 29% 34% Produ ct Services 51% 49% India Annuity 66% 71% By Geography By Contract type By Product Mix Above Revenue breakup is for 9MFY17. Signs a deal with existing client Tata Sky, India's leading content distribution pl
Slide 11: India FMS Delivers higher EBITDA, up 26%
India FMS Delivers higher EBITDA, up 26% Figures in Rs Million; Consolidated financials Revenue EBITDA / EBITDA Margin 140 129 35% 120 30% 102 33.3% 100 25% 27.3% 80 20% 386 373 60 15% 26% YoY 3% YoY 40 10% 20 5% 0 0% Qtr ending Dec'15 Qtr ending Dec'16 Qtr ending Dec'15 Qtr ending Dec'16 EBITDA EBI
Slide 12: Working with current and upcoming Bollywood Hits
Working with current and upcoming Bollywood Hits Movies delivered in Q3 FY17 Strong Order Book TVCs Investor Update Q3 FY17
Slide 13: Debt profile
Debt profile Consolidated debt maintained at $221 mn (Rs 14,968 mn) in Dec’16 Net Debt (Debt-Cash) declined from $212 mn to $192 mn Cash and cash equivalents at $29 mn of which over 50% is allocated towards debt reduction Debt includes Preferred Equity Instruments of Macquarie, AID to the tu
Slide 14: 9MFY17: Strategic initiatives delivering strong performance
9MFY17: Strategic initiatives delivering strong performance Financials Highlights Revenue Contribution Revenue Rs 15.0 bn India FMS, 9% EBITDA1 Rs 3.1 bn Tech/Tech Enabled EBITDA Margin @ 20.9% Services, 17% PAT2 Rs 887 mn PAT Margin @ 5.9% Creative Services, 75% Cash Profit3 Rs 2.9 bn Cash Profit M
Slide 15: 9MFY17: Segmental Analysis
9MFY17: Segmental Analysis Segment-wise revenues 9M ending Dec'15 9M ending Dec'16 10,772 11,373 2,207 2,596 1,142 1,226 Creative Services Tech / Tech Enabled Services India FMS Segment-wise Operating EBITDA Segment-wise Operating EBITDA Margins 9M ending Dec'15 Creative Services Tech / Tech Enabled
Slide 16: About Prime Focus
About Prime Focus
Slide 17: PFL @ FY17 - The Transformation continues
PFL @ FY17 - The Transformation continues ..Emerges as a truly global media services MNC Landmark transactions Non-linear growth across Highest revenue in FY14 &15 all 3 businesses Creative Tier-1 Visual Effects Player & 30% Delivered 2 of top 5 2016 Hollywood Services Market Share in 3D Conversion
Slide 18: Creative Svs: World's No. 1 independent Tier 1 player
Creative Svs: World’s No. 1 independent Tier 1 player Global integrated platform across 3 continents utilizing 21 facilities “A-Level” Pedigree in Hollywood” House of choice 2 consecutive Higher visibility for VFX & 3D Oscar wins for in Order book, Services for Tier Interstellar & over $ 250 mn 1 St
Slide 19: PFT: Pioneer & leader in cloud solutions for M&E industry
PFT: Pioneer & leader in cloud solutions for M&E industry Owns & operates world’s only hybrid cloud enabled Media ERP platform – CLEARTM Replicating domestic success globally PFT in numbers In the last 5 years, PFT has grown over 29X from a garage start up to a global operation with ~ 2200 people
Slide 20: India FMS: Leadership in fast growing Indian M&E market
India FMS: Leadership in fast growing Indian M&E market Complete media services offering across the spectrum Distinct leadership in domestic services Gaining Industry recognition Complete services offerings across Production, Post Production and Creative Services Integrated facilities with stron
Slide 21: 'WorldSourcing' model = unmatched competitive edge
‘WorldSourcing’ model = unmatched competitive edge Global network providing highest quality, fastest time to market & most efficient pricing 4 continents | 5 time zones | 14 locations | 24/7 – 365 days Investor Update Q3 FY17
Slide 22: Annexure
Annexure
Slide 23: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Quarter Quarter ending Quarter ending % QoQ 9M ending Particulars (Rs Million) ending % YoY Variance Dec'15 Sep'16 Variance Dec-16 Dec'16 Net sales / income from operations 5,072 4,685 8% 4,665 9% 14,999 Total Income 5,072 4,685 8% 4,665 9% 14,999 Total Expenditu
Slide 24: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Quarter Quarter ending Quarter % QoQ 9M ending Particulars (Rs Million) ending % YoY Variance Dec'15 ending Sep'16 Variance Dec-16 Dec'16 Net sales / income from operations 386 373 3% 420 -8% 1,202 Total Income 386 373 3% 420 -8% 1,202 Total Expenditure 258 271 -5%
Slide 25: PFL Shareholding Pattern
PFL Shareholding Pattern As on 31st Dec- 2016 Outstanding shares – 299mn Others Public, 7.9% Promoters, SCPE, 22.0% 35.0% RMW, 35.1% Investor Update Q3 FY17
Slide 26: Contact us
Contact us Alok Gupta Nisha Kakran/ Seema Shukla Prime Focus Limited Four-S Services Pvt Ltd Phone: +44 7491653623 Phone: +91 7718811182/+91 124 4251442 Email: alok.gupta@primefocus.com Email: nisha.kakran@four-s.com seema@four-s.com www.primefocus.com © 2016 Prime Focus Limited. All Rights Reserved
Slide 27: About Prime Focus Limited
About Prime Focus Limited Prime Focus Limited (PFL), the world’s largest integrated media services powerhouse employs over 7,000 professionals in 14 cities across 4 continents and 7 time zones. We provide end-to-end creative services (visual effects, stereo 3D conversion and animation), technology p