Entertainment Network (India) Limited · NSE:ENIL
Entertainment Network (India) — Religare - India Select Opportunities Conference 2010
38 slides from Entertainment Network (India)'s conference presentation, Feb 11, 2010
Slide 1: Religare - India Select Opportunities Conference
Religare - India Select Opportunities Conference February 11, 2010 Mumbai 1
Slide 2: Disclaimer
Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties rela
Slide 3: Presentation Path
Presentation Path • Times Group • Indian Media Industry • ENIL Overview – Radio Mirchi – Times OOH – 360Degrees • Financial Highlights 3
Slide 4: Times Group
Times Group ENTERTAINMENT NETWORK (INDIA) LTD. expemtence
Slide 5: Corporate Structure
Corporate Structure Bennett Coleman & Co. Limited Publishing Division Times Internet Times Global Private The Times of India Limited Broadcasting Treaties The Economic Times Navbharat Times News Channel – Times indiatimes.com Maharashtra Times Times Now Infotainment 58888 Sandhya Times Business News
Slide 6: ENIL Overview
ENIL Overview Our Vision is to be “A Leading City-centric Media Company By Delivering Unique Audiences Through Media Vehicles Like FM Radio, Experiential Marketing And Out-of-home Media” 6
Slide 7: Company Snapshot
Company Snapshot Headquarters: Mumbai, India Incorporated: 1999 Listed: February 15, 2006 Subsidiaries: Times Innovative Media Limited (TIM) Alternate Brand Solutions (India) Limited (ABSIL) Businesses: – ENIL Radio Broadcasting brand - Radio Mirchi – TIM Out-of-home Media brand - Times OOH – ABSIL
Slide 8: ENIL: Building an 'emerging media' network
ENIL: Building an ‘emerging media’ network Company Structure • Comprehensive emerging media Company Business Brand offering – Network of emerging media (radio, BCCL Flagship company of “The Times of India” group OOH & event management) 100% • Radio: India’s leading private FM TIML radio network - wi
Slide 9: Indian Media Industry
Indian Media Industry ENTERTAINMENT NETWORK (INDIA) LTD. expemtence
Slide 10: Radio expected to outperform ad industry growth
Radio expected to outperform ad industry growth Rs. In Billion % share in % share in CAGR Industry Segment CY08 Ad industry CY09E Ad industry Growth 2009-2013 Print Media 103.5 47.9% 111.5 47.3% 7.7% 8.0% Television 84.2 39.0% 91.0 38.6% 8.1% 12.2% Radio 8.3 3.8% 9.8 4.2% 18.1% 18.0% OOH Media 15.0
Slide 11: FM Radio - Evolution
FM Radio - Evolution 2006- 07 • Multiple Frequency • License Tradability • Networking 1999-2005 • Radio ad spend share • Completion of Phase – - 8.5% II Licensing • Technology Before 1999 • Increased Competition developments • Phase – I Licensing • Improving profitability • Internet Radio • Limited
Slide 12: FM Radio – Draft Phase 3 Policy
FM Radio – Draft Phase 3 Policy • Additional channels in the same city to existing players – At least three players excluding AIR in any city – Maximum number of channels to a radio operator not more than 40% of total channels in the city • News and Current affairs on FM Radio may be permitted • FDI
Slide 13: Radio Mirchi
Radio Mirchi ENTERTAINMENT NETWORK (INDIA) LTD. 13 : parr ces 3) TIMES CCH cnet seats expemtence
Slide 14: Mirchi – Presence across Key Indian Cities
Mirchi – Presence across Key Indian Cities Ahmedabad Jallandhar Pune Aurangabad Kanpur Panjim Bangalore Kolhapur Raipur Bhopal Kolkata Rajkot Chennai Lucknow Surat Coimbatore Madurai Vadodara Delhi Mangalore Varanasi Hyderabad Mumbai Vijayawada Indore Nashik Vishakhapatnam Thiruvananthapuram Jabalpu
Slide 15: Innovative Content & Experience in managing diverse markets
Innovative Content & Experience in managing diverse markets • Innovative Content: – Strong relationships with Hindi, Tamil , Telugu, Kannada, Malayalam and Bengali film fraternity – Unique shows with participation of popular filmstars – Dedicated Bollywood shows – Mature research culture – music/lis
Slide 16: Strong Brand
Strong Brand • Listeners: – As per the Radio Audience Measurement (RAM) data, Radio Mirchi is leader in Delhi, Mumbai, Kolkata and close #2 in Bangalore – As per the recently published Indian Readership Survey (IRS) 2009 R2, Radio Mirchi has emerged as a clear leader with over 41 million listeners a
Slide 17: Revenue Trends
Revenue Trends 70.0 63.3 50.0% 61.6 60.0 57.2 55.9 40.0% 60.0 39.5% 50.3 50.2 50.0 30.0% 20.0% 40.0 10.0% 30.0 15.0% 6.0% 0.0% 20.0 (10.0%) 10.0 (22.7%) (9.2%) (11.5%) (12.2%) (20.0%) - (30.0%) Q1FY09 Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Revenues (Rs. Cr.) Growth Rate (YoY) • Revenue growth is
Slide 18: Times OOH
Times OOH ENTERTAINMENT NETWORK (INDIA) LTD. 18 : parr ces 3) TIMES CCH cnet seats expemtence
Slide 19: Presence in Key OOH Markets
Presence in Key OOH Markets Presence in key geographies – Largest organized player City Contracts Mumbai Mumbai International Airport Ltd (MIAL) 1,300 bus queue shelters – Formidable portfolio of OOH assets Patel Bridge in key cities Delhi Delhi International Airport Ltd (DIAL) Delhi-Noida-Delhi Fly
Slide 20: Evolution Path
Evolution Path 2009 2008 Introduced LEDs in India 2007 Won Patel Bridge, Dwarka Year of consolidation Metro, DND Flyover & Kolkata Billboards Investment by Goldman 2006 Sachs and Lehman Brothers TIM is Expanded into Bangalore, incorporated and Won Delhi and Hyderabad, Chandigarh & business is Mumbai
Slide 21: Opportunity Landscape
Opportunity Landscape MATURE GROWTH HIGH Kolkata Chennai Mumbai Delhi Hyderabad Bangalore % share of total Spend Jaipur, Chandigarh Kochi Kanpur, Vadodara, Pune Jallandhar, Kolhapur Indore Surat, Coimbatore Nagpur Ahmedabad, Lucknow LOW SLOW GROWTH EMERGING LOW HIGH % Growth Chennai, Delhi and Banga
Slide 22: Competitive Landscape
Competitive Landscape Global players Competitor Property JC Decaux BIAL, New Delhi BQS Clear Channel Laqshya HIAL, Dubai BQS, Billboards Indian players Big Street Bangalore LED & BQS Clear Channel DMRC, Mumbai Gantries Jagran Engage Jindal Steel New Delhi, Amritsar BQS Pioneer BigStreet Roshan publi
Slide 23: Recent Developments
Recent Developments • Strong sequential revenue growth of 17.1% in Q3FY10 • BFSI remains the top client category; increased contribution from FMCG, Real Estate and IT-ITES • Won the court case on advertisement rights contract awarded by BEST to Times OOH for a 15 year period in respect of approximat
Slide 24: 360Degrees - ABSIL
360Degrees - ABSIL ENTERTAINMENT NETWORK (INDIA) LTD. 24 : parr ces 3) TIMES CCH cnet seats expemtence
Slide 25: Business of Ideas
Alternate Brand Solutions (India) Ltd. “Business of Ideas” Creative Property Ownership Solutions Driving Sustainability “Preferred Corporate Partner” Innovation in execution 25
Slide 26: Event Management Industry - Segments
Event Management Industry - Segments Industry Size of Rs.1,600 crores 26
Slide 27: Industry Landscape
Industry Landscape • Highly fragmented industry – more than 5000 players • Largely unorganized - less than 10% players have a full fledged set up • Very few Corporate Players : Less than 1% players are Corporate • Diversifying revenue stream – Creating IPRs – TV Content Production • Organized player
Slide 28: 360° Experience: Eventful Consumer Engagements
360° Experience: Eventful Consumer Engagements • Focus on owned properties – Techlife Awards – Ford Super Models, India – Teen Diva Beauty Pageant – Smart Living Awards – Mr. India World pageant – Spelling Bee • Managing large format events – Filmfare Awards – Miss India Beauty Pageant • Key strengt
Slide 29: Financial Review
Financial Review ENTERTAINMENT NETWORK (INDIA) LTD. 29 : parr ces 3) TIMES CCH cnet seats expemtence
Slide 30: Condensed Statement Of Operations (Standalone Q3FY10)
Condensed Statement Of Operations Standalone %age of %age of (Rs. Million) Q3FY10 Total Income Q3FY09 Total Income Growth (%) Income from Operations 633.3 99.7% 597.4 99.6% 6.0% Other Operating Income 2.0 0.3% 2.2 0.4% (11.7%) Total Income 635.2 100.0% 599.7 100.0% 5.9% Operating Expenditure 424.2 6
Slide 31: Condensed Statement Of Operations (Standalone 9MFY10)
Condensed Statement Of Operations Standalone %age of %age of (Rs. Million) 9MFY10 Total Income 9MFY09 Total Income Growth (%) Income from Operations 1,691.7 99.7% 1,780.7 99.6% (5.0%) Other Operating Income 5.1 0.3% 6.6 0.4% (23.2%) Total Income 1,696.8 100.0% 1,787.3 100.0% (5.1%) Operating Expendi
Slide 32: Q3FY10 - Financial Performance
Q3FY10 - Financial Performance (All comparisons with Q3FY09) • On a sequential basis revenues grew by 13.6% and EBITDA up 45.8% • Legacy 10 radio stations performance: - Total Income Rs. 466.4 million, up 4.7% - EBITDA of Rs 177.1 million, up 5.2% - EBITDA margin stood at 38.0% vis-à-vis 37.8% • 22
Slide 33: Condensed Statement Of Operations (Consolidated Q3FY10)
Condensed Statement Of Operations Consolidated %age of %age of (Rs. Million) Q3FY10 Total Income Q3FY09 Total Income Growth (%) Income from Operations 1,165.8 99.8% 1,101.2 99.8% 5.9% Other Operating Income 2.0 0.2% 2.2 0.2% (11.7%) Total Income 1,167.7 100.0% 1,103.5 100.0% 5.8% Operating Expenditu
Slide 34: Condensed Statement Of Operations (Consolidated 9MFY10)
Condensed Statement Of Operations Consolidated %age of %age of (Rs. Million) 9MFY10 Total Income 9MFY09 Total Income Growth (%) Income from Operations 3,020.2 99.8% 3,266.7 99.8% (7.5%) Other Operating Income 5.1 0.2% 6.6 0.2% (23.2%) Total Income 3,025.3 100.0% 3,273.3 100.0% (7.6%) Operating Expen
Slide 35: Consolidated Financial Performance Q3FY10
Consolidated Financial Performance Q3FY10 Inter Co. Rs. Million ENIL TIM ABSIL Adjustments Consolidated Income from Operations 633.3 427.6 108.3 (3.4) 1,165.8 Other Operating Income 2.0 - - - 2.0 Total Income 635.2 427.6 108.3 (3.4) 1,167.7 Expenditure Production Expenses 54.8 23.1 64.5 (1.9) 140.5
Slide 36: Consolidated Financial Performance 9M FY10
Consolidated Financial Performance 9M FY10 Inter Co. Rs. Million ENIL TIM ABSIL Adjustments Consolidated Income from Operations 1,691.7 1,101.5 241.5 (14.5) 3,020.2 Other Operating Income 5.1 0.0 - - 5.1 Total Income 1,696.8 1,101.5 241.5 (14.5) 3,025.3 Expenditure Production Expenses 164.9 65.5 158
Slide 37: Q3 FY10 - Consolidated Financial Performance
Q3 FY10 - Consolidated Financial Performance (All comparisons with Q3FY09) • Times OOH revenues heading towards pre-meltdown period revenues, YoY growth of 7.5% − Sequential revenue growth - 17.1% • Normalised EBITDA loss down to Rs.17.2 million from Rs.141.1 million in Q2 • Event Management busines
Slide 38: Thank You
THANK YOU 38
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