Zee Entertainment Enterprises Limited · NSE:ZEEL
Zee Entertainment Enterprises — Q4 FY2023 Earnings Presentation
19 slides from Zee Entertainment Enterprises's earnings presentation, May 25, 2023
Slide 1: Cover letter to stock exchanges on conference call recording
May 25, 2023 The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai – 400 051 BSE Scrip Code Equity: 505537 NSE Symbol: ZEEL EQ Dear Si
Slide 2: Earnings Update for Q4 FY23
Earnings Update for Q4 FY23 Zee Entertainment Enterprises Limited – 25 May 2023 1
Slide 3: 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 4: Q4 FY23 Revenue Was Flat YoY; Healthy Momentum in ZEE5 Continues
Q4 FY23 Revenue Was Flat YoY; Healthy Momentum in ZEE5 Continues 16.6% 0.2% 7.2% Q4 FY23 all India TV network share; QoQ Total Revenue flat; EBITDA margin; QoQ up 40 bps Q4 FY23 Revenue Rs 21,121 Mn Q4 FY23 EBITDA of Rs 1,517 Mn 36% 113.8 Mn 229 min Avg watch time/month in Q4 FY23; Zee5 YoY Revenue
Slide 5: Business Performance
Extraordinary Together
Slide 6: Domestic Linear: Zee Network Share up 40bps QoQ
Domestic Linear: Zee Network Share up 40bps QoQ TV reach and impressions ZEE network share Weekly Reach (mn) Weekly Impressions (bn) 17.7% 17.3% 17.0% 17.1% 29.4 16.4% 16.2% 16.6% 28.2 16.1% 27.9 761 754 750 Total TV viewership stable QoQ Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY
Slide 7: ZEE5: Revenue Up 36% YoY; Engagement with Audience Continues to Grow
ZEE5: Revenue Up 36% YoY; Engagement with Audience Continues to Grow Q1 FY24 Slate Q4 Highlights ➢ MAUs at 113.8 Mn and DAUs at 11.1 Mn ➢ 42 shows and movies (incl. 12 originals) released during the quarter ➢ Average Watch time is 229 mins ➢ Q4 Revenues stood at Rs 2,200 Mn (YoY 36% growth) EBITDA*
Slide 8: Digital Business Maintains Healthy Momentum
Digital Business Maintains Healthy Momentum MAU (Mn) DAU (Mn) 119.5 11.4 11.4 11.5 111.7 113.8 11.1 107.2 104.8 10.5 101.9 9.6 93.2 9.3 80.2 7.1 Q1 FY22 Q1 FY23 Q2 FY22 Q2 FY23 Q3 FY22 Q3 FY23 Q4 FY22 Q4 FY23 Q1 FY22 Q1 FY23 Q2 FY22 Q2 FY23 Q3 FY22 Q3 FY23 Q4 FY22 Q4 FY23 Avg. Watch time per Viewer
Slide 9: ZEE Studio Q4 FY23: Hindi and Regional Movies Released During the Quarter
ZEE Studio Q4 FY23: 2 Hindi and 4 Regional Movies Released During the Quarter Hindi Regional Movies Movies 8
Slide 10: ZEE Studios Winning Global Audiences
ZEE Studios Winning Global Audiences Our Journey….has Just Begun ➢ Only studio from India to premiere 3 films at 3 different leading film festivals in the world in same calendar year. ➢ One of the only three studios worldwide to have 3 films at 3 different leading film festivals in in the same calen
Slide 11: Zee Music Company (ZMC): 2nd Largest Music Label on YouTube
Zee Music Company (ZMC) 2nd Largest Music Label with ~134 Mn Subscribers on YouTube YouTube Video Views & Subscribers Count (For All ZMC Channels) 119 134 66 117 FY22 FY23 Total Subs count (Mn) Total Video Views (Bn) ZMC Hindi movies acquisition share Zee Music company witnessed 79% YoY growth on vi
Slide 12: ILT20 became the 2nd biggest T20 league in India
ILT20 Viewed Across India by 250 Mn+ Viewers ILT20 became the 2nd biggest T20 league in India TV - India DIGITAL - India • 12 Bn+ minutes viewed Hindi • 20 Mn Digital footprint (ZEE5 + ZEE live channels) 250 Mn+ TV+ Digital - Global Tamil Viewers Broadcasted in 100+ countries through ZEE5 Global and
Slide 13: Financial Performance
Extraordinary Together 12
Slide 14: FY23 EBITDA Down 38.2% YoY due to Decline in Revenue and Elevated Strategic Investments
FY23 EBITDA Down 38.2% YoY due to Decline in Revenue and Elevated Strategic Investments Across the Business Operating revenue breakup (INR Mn) (INR Million) FY22 FY23 YoY YoY 8% 3% 28% Operating Revenue 81,857 80,879 -1.2% Expenditure -64,054 -69,868 9.1% EBITDA 17,803 11,011 -38.2% FY23 40,579 33,3
Slide 15: Q4 FY23 EBITDA Margin 7.2%, Impacted by Increase in Costs Across ZEE5, Movies and Sports
Q4 FY23 EBITDA Margin 7.2%, Impacted by Increase in Costs Across ZEE5, Movies and Sports Operating revenue breakup (INR Mn) (INR Million) Q4 FY22 Q3 FY23 Q4 FY23 QoQ YoY QoQ 5% 5% 71% Operating Revenue 23,221 21,088 21,121 0.2% -9.0% YoY 10% 1% 25% Expenditure -18,168 -17,427 -19,604 12.5% 7.9% Q4 F
Slide 16: Q4 FY23: Ad Spending Slowdown, Investment in ZEE5, Movie Launches and Sports Impact Operating Performance
Q4 FY23: Ad Spending Slowdown, Investment in ZEE5, Movie Launches and Sports Impact Operating Performance Advertising ➢ Domestic Ad revenues came at Rs. 9,635 Mn, QoQ down by 5.1%, YoY declined by 10.2% revenues ➢ Ad Revenue YoY growth impacted due to FTA withdrawal (Zee Anmol) and slowdown in Ad sp
Slide 17: Condensed Balance Sheet
Condensed Balance Sheet Assets (Rs. Mn) Mar'22 Dec'22 Mar'23 Liabilities (Rs. Mn) Mar'22 Dec'22 Mar'23 Non-Current Assets Equity Capital 1,08,628 1,09,258 1,07,219 Fixed assets 13,122 14,693 13,789 Non-Current Liabilities Investments 409 358 349 Lease Liab/Other borrowings 556 2,296 2,167 Other fina
Slide 18: Content Inventory, Advances and Deposits Stable in H2 FY23
Content Inventory, Advances and Deposits Stable in H2 FY23 Rs. 64.1 bn Rs. 62.7 bn Rs. 72.5 bn Rs. 79.6 bn Rs. 74.6 bn Rs. 78.9 bn Rs. 79.5 bn Rs. 79.6 bn 12% 8% 9% 9% 8% 8% 17% 14% 13% 14% 12% 13% 13% Content Advances & 9% 11% 7% Deposits 14% 13% 14% 14% 14% 14% 14% 15% Movies Production, Music & O
Slide 19: Extraordinary Together
3 Extraordinary Together
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