Saregama India Limited · NSE:SAREGAMA
Saregama India — Q2 FY21 Earnings Presentation
29 slides from Saregama India's earnings presentation, 2020
Slide 1: Saregama India Limited Quarterly Presentation Q2 FY21
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q2 FY21
Slide 2: Snapshot
Snapshot India’s oldest music label and youngest film production house Producing digital thematic films targeted at the youth segment. 13 movies released on Consistent Dividend Yield and Netflix / Disney Hotstar in 3 yrs Zero Debt Company Leading producer in terms of number of hours of content (6050
Slide 3: Saregama: India's Only Entertainment Company
Saregama INDIA’S ONLY Entertainment Company into MUSIC LICENSING DIGITAL as well as FILMS RETAIL PHYSICAL Music Films Television Serials Retail Business India’s Largest Music IP Content IP rights of Content IP rights of Distribution network 130k+ 59 6k+ 29k+ Songs Films Hours of Television Serials R
Slide 4: Strategic Overview: Digitisation Driving Growth
Strategic Overview D I G I T I S AT I O N D R I V I N G G R O W T H Digital Increase in Increase Demand for Boom in India in App Usage Content Video/Music Streaming Netflix / Spotify / Gaana Music 550M Video Sharing Films smart phones driving Youtube / Facebook / TikTok driving Games Cheap Data Gami
Slide 5: Strategic Overview
Strategic Overview To be a Pure Play Content Company capitalising on the global content consumption boom driven by the ever increasing Digitisation Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform Monetisation of Existing IP Carvaan transitioning from being a Produ
Slide 6: Fast Growing Licensing Revenue
Saregama Music IP Licensing Revenue (INR Mn) Fast Growing FY20 FY19 1,949 2,381 Licensing Revenue FY18 1,478 FY17 1,388 On account of A. Growing customer interest in Retro Music B. Saregama’s Investment in New Music C. Presence across all Indian Languages Catalogue Usage (Bn) Share of Saregama’s Son
Slide 7: Our Music Licensing Partners
Our Music Licensing Partners Music Streaming Platforms Broadcasting Platforms Video Streaming Platforms v v v Social Media Platforms 7
Slide 8: Operational Highlights
OPERATIONAL HIGHLIGHTS 8
Slide 9: Music Segment Operational Highlights
Music Segment Operational Highlights Steadily growing Music Licensing Revenue 2,381 (INR MN) 1,949 1,478 1,388 1,297 FY16 FY17 FY18 FY19 FY20 WHAT’S NEW OTT STREAMS (MN) PER QUARTER YOUTUBE VIEWS (MN) PER QUARTER 1,872 1,786 • Licensing deal with Share-chat 1,725 1,689 1,562 1,506 and MOJ 1,613 1,63
Slide 10: Music Segment Operational Highlights
Music Segment Operational Highlights • Carvaan sales start momentum form Q2 Carvaan Sales (units ‘000s) • Retail network started opening in phases • Footfalls in stores still low • Share of Digital sales going up 250 219 198 Covid19 Impact • Launched new variants of Carvaan in Malyalam Language, Min
Slide 11: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Segment • Hindi remake rights of KD sold Future Outlook • Shooting of 3 Movies started post • Comedy Couple to be released lockdown relaxations on Zee5 in October : the shoot of this movie started in July’20 • Bahut Hua Sammaan released on Hotstar Sept’
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS 12
Slide 13: Consolidated
CONSOLIDATED 13
Slide 14: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q2-FY21 Q1-FY21 Q-o-Q Growth Q2-FY20 Y-o-Y Revenues • Music 1,004 696 44% 1,272 (21)% • TV & Films 66 59 12% 273 (76)% • Publication 11 10 10% 30 (63)% Turnover 1,081 765 41% 1,575 (31)% PBT 382 220 74% 240 59% PAT 289 158 83% 194 49% Revenue (INR Mn)
Slide 15: Financial Performance
Financial Performance Q-o-Q Particulars (INR Mn) Q2-FY21 Q1-FY21 Q2-FY20 Y-o-Y Growth H1-FY21 H1-FY20 Y-o-Y Growth Growth Turnover 1,081 765 41% 1,575 (31)% 1,846 2,834 (35)% Other Income 34 54 (37)% 29 17% 88 51 73% Total Revenue 1,115 819 36% 1,604 (30)% 1,934 2,885 (33)% Total Expenses 712 576 24
Slide 16: Balance Sheet
Balance Sheet As on 30th As on 31st As on 30th As on 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Sep 2020 March 2020 Sep 2020 March 2020 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2,046 2,053 (b) Right of use Asset 1 5 (b) O
Slide 17: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY21 - H1 FY20 Pre-Tax Profit 602 603 Change in other operating activities ( Non Cash Items) (5) 25 Change in Working capital 357 388 Taxes Paid (15) (221) Net cash generated from/(used in) Operating Activities (A) 939 795 Purchase of Fixed Assets (Including
Slide 18: Standalone
STANDALONE 18
Slide 19: Financial Performance
Financial Performance Q-o-Q Particulars (INR Mn) Q2-FY21 Q1-FY21 Q2-FY20 Y-o-Y Growth H1-FY21 H1-FY20 Y-o-Y Growth Growth Turnover 1,077 744 45% 1,502 (28)% 1,821 2,710 (33)% Other Income 29 54 (46)% 29 - 83 61 36% Total Revenue 1,106 798 39% 1,531 (28)% 1,904 2,771 (31)% Total Expenses 727 538 35%
Slide 20: Balance Sheet
Balance Sheet As on 30th As on 31st Assets (INR Mn) As on 30th As on 31st Equity and Liabilities (INR Mn) Sep 2020 March 2020 Sep 2020 March 2020 Shareholders Fund Non Current Fixed Assets (a) Property, Plant and Equipment 2,045 2,052 (a) Equity Share Capital 174 174 (b) Right to use assets 1 4 (b)
Slide 21: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY21 - H1 FY20 Pre-Tax Profit 597 658 Change in other operating activities ( Non Cash Items) (15) 44 Change in Working capital 367 362 Taxes Paid (15) (218) Net cash generated from/(used in) Operating Activities (A) 934 846 Purchase of Fixed Assets (Including
Slide 22: Historical Financials
Historical Financials 22
Slide 23: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5,215 5,447 3,566 Other Income # 112 564 102 Total Revenue 5,327 6,011 3,668 Total Expenses 4,610 5,065 3,203 EBITDA 717 946 465 EBITDA Margin (%) 14% 17% 13% Depreciation 47 33 42 Finance Cost 67 66
Slide 24: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY20 FY19 FY18 Assets (INR Mn) FY20 FY19 FY18 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2,053 2,057 1,884 (b) Other Equity 3,814 4,107 3,643 (b) Right to use
Slide 25: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5,001 5,244 3,456 Other Income# 115 595 142 Total Revenue 5,116 5,839 3,598 Total Expenses 4,347 4,921 3,115 EBITDA 769 918 483 EBITDA Margin (%) 15% 16% 14% Depreciation 44 30 38 Finance Cost 67 66 34
Slide 26: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Equity and Liabilities (INR Mn) FY20 FY19 FY18 Assets (INR Mn) FY20 FY19 FY18 Shareholders Fund Non Current Fixed Assets 174 174 174 (a) Property, Plant and Equipment 2,052 2,056 1,881 (a) Equity Share Capital (b) Right of use Asset 4 (b) Other Equity 3,964 4,087
Slide 27: Financial Charts (Consolidated)
Financial Charts (Consolidated) Revenue from Operations Music Licensing Revenue PAT (INR Mn) Diluted EPS (INR) (Turnover) (INR Mn) (INR Mn) 31.2 543 5,447 5,215 25.3 2,381 435 1,949 3,566 16.2 283 1,478 1,388 1,297 5.0 2,217 2,185 3.9 86 69 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY17 FY18
Slide 28: Capital Market Data
Capital Market Data 80% 60% 40% 20% Saregama 0% Sensex -20% -40% -60% Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Price Data (As of 30th September, 2020) INR Shareholding Pattern as on 30th September 2020 Face Value 10.0 Others Market Price 557.8 31.81% 52 Wee
Slide 29: Disclaimer
Disclaimer Saregama India Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in al