Zee Entertainment Enterprises Limited · NSE:ZEEL
Zee Entertainment Enterprises — Q3 FY25 Earnings Presentation
16 slides from Zee Entertainment Enterprises's earnings presentation, Jan 23, 2025
Slide 1: Earnings Update for Q3 FY25
Earnings Update for Q3 FY25 Zee Entertainment Enterprises Limited – 23 January 2025
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement: This Release/Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and
Slide 3: Q3 FY25 Key Performance Highlights
Q3 FY25 Key Performance Highlights Profitability driven by effective cost management Healthy Balance sheet and cash generation 16.1% 207% Rs 17.0 Bn* 0.9x EBITDA Margin, up 590 bps YoY; YoY Growth in Q3 FY25 PAT from Cash and Cash Equivalent as of Dec’24 FCF/ PAT in 9M FY25 Q3 FY25 EBITDA of Rs 3,18
Slide 4: Domestic Linear: TV Landscape Stable with 1.4% Viewership Growth QoQ
Domestic Linear: TV Landscape Stable with 1.4% Viewership Growth QoQ Zee Network Share Up 40 bps YoY, Driven by Hindi Movies & Marathi Industry TV Reach and Impressions ZEE Network Share Weekly Reach (mn) Weekly Impressions (bn) 17.1% 17.4% 16.8% 16.9% 16.5% 757 755 30.3 746 28.6 29.0 Total TV viewe
Slide 5: ZEE5: Focused on Maintaining a Balanced Cost Structure
ZEE5: Focused on Maintaining a Balanced Cost Structure ➢ Healthy YoY growth in usage and engagement metrics during the quarter. ➢ Revenue growth during the quarter was impacted due to delay in the renewal of a Key B2B deal. Renewal discussions are underway. Q3 FY25 revenues Highlights ➢ Expect perfo
Slide 6: ZEE Studio: Hindi and Other Language Movies Released During Q3 FY25
ZEE Studio: 2 Hindi and 3 Other Language Movies Released During Q3 FY25 Distributed by Distributed by Other Hindi ZEE Studio ZEE Studio Language Movies Movies Distributed by Distributed by ZEE Studio ZEE Studio Distributed by ZEE Studio 6
Slide 7: Zee Music Company (ZMC): 2nd Largest Music Label with ~160 Mn Subscribers on YouTube
Zee Music Company (ZMC) 2nd Largest Music Label with ~160 Mn Subscribers on YouTube Q3 FY25 Key Catalogue Additions All ZMC YouTube Channels Video Views & Subscribers Count 46 43 41 156 160 146 Q3 FY24 Q2 FY25 Q3 FY25 Total Subs count (Mn) Total Video Views during the Quarter (Bn) ZMC added 3.6 Mn Y
Slide 8: Key ESG Highlights
Key ESG Highlights E nvironmental S ocial G overnance • 11% YoY decrease in per day shoot • Encouraging a culture of upskilling and • Independent, diverse and skilled carbon emissions in FY24. excellence at every level of employee Board of Directors. development. Received 8 awards for • Achieved 71%
Slide 9: 9M & Q3 FY25 Financial Performance
9M & Q3 FY25 Financial Performance
Slide 10: 9M FY25 EBITDA Margin at 14.9%; YoY Increased by 410 bps
9M FY25 EBITDA Margin at 14.9%; YoY Increased by 410 bps, Significant Progress Made Towards Profitability Enhancement Despite a Weak Advertising Environment (INR Million) 9M FY24 9M FY25 YoY Operating Revenue Breakup (Rs Mn) Operating Revenue 64,673 61,100 -6% Advertising Subscription Other Sales &
Slide 11: Q3 FY25 EBITDA up 52% YoY; Healthy Subscription Revenue Growth and Effective Cost Management
Q3 FY25 EBITDA up 52% YoY; Healthy Subscription Revenue Growth and Effective Cost Management Aiding the Performance Operating Revenue Breakup (Rs Mn) (INR Million) Q3 FY24 Q2 FY25 Q3 FY25 QoQ YoY Operating Revenue 20,457 20,007 19,788 -1% -3% Advertising Subscription Other Sales & Services Expenditu
Slide 12: Q3 FY25: Effectively Navigated a Weak Festive Season and Continued Softness in Advertising
Q3 FY25: Effectively Navigated a Weak Festive Season and Continued Softness in Advertising Environment by Focused Execution Advertising • Advertising revenue for the quarter improved by 4% QoQ, and declined by 8% YoY due to sluggish festive season revenues • Sustained consumption slowdown is resulti
Slide 13: Condensed Balance Sheet
Condensed Balance Sheet Assets (Rs. Mn) Mar'24 De'24 Liabilities (Rs. Mn) Mar'24 De'24 Non-Current Assets Equity Capital 1,08,728 1,13,417 Fixed assets 12,137 10,414 Non-Current Liabilities Investments 391 382 Lease Liab/Other borrowings 1,621 2,312 Other financial assets 603 1,366 Provisions 1,671
Slide 14: Content Inventory and Advances Continues to Decline in 9M FY25
Content Inventory and Advances Continues to Decline in 9M FY25 Driven by Optimised Acquisition Rs 79.6 Bn Rs 74.2 Bn Rs 72.5 Bn Decreased by Rs 4.3 Bn Rs 70.5 Bn Rs 70.1 Bn Rs 69.9 Bn during 9M FY25 Rs 64.1 Bn Rs 62.7 Bn 8% 7% 7% 7% 8% 17% 14% 12% Content Advances 13% 16% 14% 12% 13% 7% 9% 11% 14% 1
Slide 15: Growth Strategy
Growth Refreshing & Sharpening content offerings across Investing in high growth segments Monetisation of existing IP & Content linear and digital business Strategy • New Show Launches in • Digital (ZEE5) • Monetization avenues Hindi and language • International Business for our rich content markets
Slide 16: Thank You
Extraordinary Together
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