Prime Focus Limited · NSE:PFOCUS
Prime Focus — Q4 FY15 Earnings Presentation
25 slides from Prime Focus's earnings presentation, September 2015
Slide 1: Prime Focus Limited Q4 & FY15 Investor Presentation
Prime Focus Limited Q4 & FY15 Investor Presentation September 2015
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: Agenda
Agenda I. Q4 & FY15 Performance…………………………………………..4-16 II. About us……………………..……………………………………..17-20 III. Annexure - Financials……………………………………………….......22-23 - Shareholding pattern………………………………….…….....24 3 Q4 FY15 Earnings Presentation
Slide 4: FY15: Headed towards higher Scale & Sustainability
FY15: Headed towards higher Scale & Sustainability Operating performance improves sequentially. . Revenue People Infrastructure Technology FYE Jun 15 Added DNeg, Rs 16bn 6,000+ 21 Facilities Gener8 and DNeg and Tech / Tech Enabled Services fuelling growth Leveraging WorldSourcing Model Facilities ad
Slide 5: Performance Momentum Continues to build
Performance Momentum Continues to build. . Operational highlights for the quarter across businesses Creative Services Established as world’s largest globally integrated services powerhouse Delivered 3 most awaited movies of the Year: Mission Impossible Rogue Nation, Terminator Genisys & Antman S
Slide 6: FY 15: Year of Transformation
FY 15: Year of Transformation Revenue doubled, Integration progressing as per plan Figures in Rs Million; Consolidated financials Personnel costs as % Net Revenues of revenues EBITDA / Margin Significant surge in revenues YoY on the back of DNeg Sequential improvement in operating performance in
Slide 7: Exceptional Items in FY 15
Exceptional Items in FY 15 Revenue doubled, Integration progressing as per plan Figures in Rs Million; Consolidated financials Standalone Consolidated Year Qtr Year Year Year Qtr ending Exceptional Costs ended ending ended ended ended 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 2015 2015 2014 2015 201
Slide 8: Q4FY15: Strong sequential growth of 23%
Q4FY15: Strong sequential growth of 23% Strong operating momentum continues on the back of integration efforts Figures in Rs Million; Consolidated financials Net Revenues EBITDA / Margin PBT bef. exceptional Revenues up by 23% driven by robust growth in Creative revenues Operating EBITDA margins
Slide 9: Q4FY15 Segmental Analysis
Q4FY15 Segmental Analysis: Driven by robust growth in Creative services Segment-wise revenues Figures in Rs Million; Consolidated financials Segment-wise EBITDA Segment-wise EBITDA Margins Note: 9 Q4FY15 includes Double Negative & RMW FMS financials, hence YoY financials are not comparable Repor
Slide 10: Prime Focus delivers key projects in Q4 including current box office hits
Prime Focus delivers key projects in Q4 including current box office hits Hollywood Bollywood Mission: Impossible - Rogue Nation Terminator Genisys TVCs Ant-Man Pixels 10 Q4 FY15 Earnings Presentation
Slide 11: Strong pipeline of ongoing projects in PFW
Strong pipeline of ongoing projects in PFW Batman v Superman Spectre The Martian The Hunger Games: Geostorm The Huntsman Mockingjay-Part 2 Alice Through the Bridge of Spies Looking Glass 11 Q4 FY15 Earnings Presentation
Slide 12: Strong pipeline of ongoing projects in PFL
Strong pipeline of ongoing projects in PFL Katti Batti Shaandar Raees Prem Ratan Dhan Singh is Bling Jagga Jasoos Payo MohenJo Daro Tamasha Bajirao Mastani 12 Q4 FY15 Earnings Presentation
Slide 13: PFT continues to grow at non-linear growth rate
PFT continues to grow at non-linear growth rate Revenue & EBITDA Margin Revenue by Contract type Revenue by Geography Revenue increase of 41% YoY PFT continued to expand sales and marketing footprint globally - 3 new sales leaders added in last quarter PFT’s expansion in leadership in global s
Slide 14: New Clients and services fuel growth in PFT
New Clients and services fuel growth in PFT Client updates: Brand Services – Big push in the year & aggressively winning new clients & expanding portfolio, Added 15 new clients, taking the total to ~160 clients Tata Sky – Added a Multi-year contract with Tata Sky HooQ – major client add - JV b
Slide 15: Debt profile
Debt profile Consolidated debt of $163mn (Rs 10,370mn) in June-15 compared to $157mn (Rs 9,837mn) in March-15 • Cash and cash equivalents / deposits of ~Rs 1,000mn at the end of June-15 Increase in debt on account of incremental NCDs of Rs 200mn and additional working capital facilities overseas
Slide 16: Nearing Phase 1 completion; operating performance ahead of plan
Nearing Phase 1 completion; operating performance ahead of plan EBITDA Margin at 15% EBITDA Margin up by 2-4% EBITDA Margin up by 4-5% Phase 1 Phase 2 Phase 3 • Bundled offering of VFX & 3D • Leverage strength of • Partner of choice for M&E services conversion services in movies like WorldSour
Slide 17: About us
About us
Slide 18: PFL: World's Largest Integrated Media Services player
PFL: World’s Largest Integrated Media Services player Unique DNA Present in top M&E Higher growth ahead Markets ‘Creative cum tech’ Increasing presence Acceleration via M&A combination helps across all major catapulting to global PFL emerge as only content markets with dominance - successful player
Slide 19: Fuelling success with marquee clients across the globe
Fuelling success with marquee clients across the globe Creative services Tech & Tech enabled services Leading Hollywood and Bollywood studios Leading broadcasters, studios, brands, sports and digital businesses 19 Q4 FY15 Earnings Presentation
Slide 20: 'WorldSourcing' model providing unmatched competitive edge
‘WorldSourcing’ model providing unmatched competitive edge 20 4 continents | 5 time zones | 16 locations | 24/7 – 365 days Q4 FY15 Earnings Presentation
Slide 21: Annexure
Annexure
Slide 22: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs Million) Q4 FY15 Q3 FY15 Q5FY14 % Q-o-Q FY 15 15M FY14 Net sales / income from operations 5,182 4,205 2,150 23% 16,076 10,814 Total Expenditure 3,956 3,153 2,007 26% 13,291 8,832 Personnel Cost (including technician fees) 2,765 2,545 1,556 9% 10,0
Slide 23: Consolidated Balance Sheet
Consolidated Profit & Loss Statement Figures in Rs Million, consolidated financials Year ended Year ended Particulars June 30, 2014 June 30, 2015 Shareholder's Equity 7,375 11,118 Total Debt 7,475 8,198 Minority Interest 1,613 1,540 Other Long Term Liabilities 606 3,926 Provisions 14 49 Trade Payabl
Slide 24: PFL Shareholding Pattern
PFL Shareholding Pattern As on 31st March 2015 As on 30th June 2015 Outstanding shares – 185mn Outstanding shares – 299mn RMW 90mn shares Promoter 23mn @ Rs 52 shares @ Rs 52 113mn fresh shares worth Rs 5.9bn 24 Q4 FY15 Earnings Presentation
Slide 25: About Prime Focus Limited
About Prime Focus Limited Prime Focus Limited (PFL), the world’s largest integrated media services powerhouse employs over 5,500 professionals in 16 cities across 4 continents and 7 time zones. We provide end-to-end creative services (visual effects, stereo 3D conversion, animation), technology prod