Nippon Television Holdings, Inc. · TSE:9404
Nippon Television — Q1 FY2021 Earnings Presentation
34 slides from Nippon Television's earnings presentation, Jul 30, 2021
Slide 1: FY2021 1Q Financial Results
FY2021 1Q Financial Results July 30, 2021 Nippon Television Holdings, Inc. 1
Slide 2: Forward-looking statements notice
This presentation may include forward-looking statements. Actual results, however, could differ significantly as a result of various factors and circumstances. Forward-looking statements contained herein are not guarantees or commitments. Reproduction of this presentation is prohibited. 2
Slide 3: Agenda
・Fiscal 2021 1Q Overview of Financial Results ・Highlights of Group Companies ・Fiscal 2021 Outlook ・Content Business Strategy 3
Slide 4: Key Points of 1Q Financial Results for Fiscal 2021
Key Points of 1Q Financial Results for Fiscal 2021 Point Increases in both sales and profits 1 ・Significant recovery in advertising revenue supported by top ranking in individual and core viewer ratings ・Effective control of program production costs ・Shrinkage of Tipness net loss ・Improved performan
Slide 5: FY2021 1st Quarter Consolidated Financial Results
FY2021 1st Quarter Consolidated Financial Results (Millions of yen) FY2020 1Q FY2021 1Q Change (%) Net Sales 80,546 97,829 21.5 Operating Profit 5,395 13,408 148.5 Recurring Profit 7,023 15,997 127.8 Net Income attributable 1,547 9,914 540.8 to owners of the parent 5
Slide 6: Net Sales YoY Change Components
Net Sales YoY Change Components (Millions of yen) 100,000 ＋1,363 ＋1,454 ＋1,751 △1,534 95,000 ＋2,847 90,000 ＋11,402 85,000 97,829 80,000 80,546 17,282 75,000 Increase in Profit 70,000 前期period Previous 日ﾃﾚ地上波 Nippon Television Nippon日ﾃﾚ Television CS Nippon CS日本 ＨＪ H J ﾃｨｯﾌﾟﾈｽ TIPNESS Limited その他及び O
Slide 7: Recurring Profit YoY Change Components
Recurring Profit YoY Change Components (Millions of yen) 18,000 ＋1,669 △337 16,000 △1,016 △342 ＋1,259 14,000 12,000 ＋7,741 10,000 15,997 8,000 6,000 4,000 7,023 2,000 8,973 Increase in Profit 0 前期period Previous 日ﾃﾚ放送事業 Nippon TV 日ﾃﾚ放送外事業 Nippon Television CS日本 CS Nippon ﾃｨｯﾌﾟﾈｽ Limited TIPNESS 持分法に
Slide 8: CAPEX and Depreciation (Consolidated)
CAPEX and Depreciation (Consolidated) Depreciation and FY2021 1Q CAPEX amount amortization (Unit: Billions of yen) 2.3 3.8 (Billions of yen) CAPEX amount (Billions of yen) Depreciation and amortization 30.0 26.6 30.0 21.2 19.1 20.0 20.0 17.4 16.4 15.1 14.5 13.2 14.3 10.5 7.7 6.8 10.0 10.0 0.0 2.3 3.
Slide 9: Agenda
・Fiscal 2021 1Q Overview of Financial Results ・Highlights of Group Companies ・Fiscal 2021 Outlook ・Content Business Strategy 9
Slide 10: Nippon TV Financial Results
Nippon TV Financial Results (Millions of yen) FY2020 1Q FY2021 1Q Change (%) Net Sales 60,886 73,969 21.5 Operating Profit 6,154 12,961 110.6 Recurring Profit 8,338 14,904 78.7 Net Income 5,714 10,682 86.9 10
Slide 11: Net Sales-Nippon TV
Net Sales-Nippon TV (Millions of yen) FY2020 1Q FY2021 1Q Change (%) TV advertising revenue 48,717 60,120 23.4 Program Sales 2,863 2,734 △4.5 Events/Content business sales 8,765 10,516 20.0 Real Estate Business 539 597 10.7 Total 60,886 73,969 21.5 11
Slide 12: Nippon TV Advertising Revenue
Nippon TV Advertising Revenue (Millions of yen) FY2020 1Q FY2021 1Q Change (%) TV Advertising Revenue 48,717 60,120 23.4 Time 29,070 28,529 △1.9 Spot 19,647 31,590 60.8 TV Advertising Revenue YoY FY2020 FY2021 FY2020 FY2021 （％） （％） （％） （％） Time Spot April △2.4 △4.8 April △24.7 25.9 May 1.9 △1.2 May
Slide 13: Nippon TV Cost of Sales
Nippon TV Cost of Sales (Millions of yen) FY2020 1Q FY2021 1Q Change (%) Production costs 18,568 20,604 11.0 Personnel 5,519 5,578 1.1 △5.0 Depreciation and amortization 2,701 2,566 Events/content business costs 6,243 8,718 39.6 Others 21,698 23,541 8.5 Total 54,731 61,007 11.5 13
Slide 14: Nippon TV Production Costs
Nippon TV Production Costs (Millions of yen) FY2020 1Q FY2021 1Q Change (%) 18,568 20,604 11.0 Production costs (1st Quarter) (Millions of yen) 30,000 25,825 24,590 25,909 24,724 23,364 24,079 23,865 24,486 25,000 20,604 20,000 18,568 15,000 10,000 5,000 0 2012 2013 2014 2015 2016 2017 2018 2019 202
Slide 15: Events/Content Business Sales and Costs
Events/Content Business Sales and Costs (Millions of yen) FY2020 1Q FY2021 1Q FY2020 1Q FY2021 1Q Sales 1,697 319 Sales 64 649 Content Costs 834 142 Business※ Events Costs 117 937 Balance 862 178 Balance △53 △287 Sales 439 398 IP Business Costs 108 354 Sales 502 480 Balance 331 44 International Cost
Slide 16: Financial Highlights of Other Group Companies
Financial Highlights of Other Group Companies Nippon CS Nippon TIPNESS (Millions of yen) BS Nippon Corp. Television VAP Inc. Corp. Limited Music Corp 3,985 2,469 1,742 1,800 4,899 Net Sales (△36.3%) (△23.8%) (18.6%) (116.6%) (138.2%) Operating Profit 342 △121 368 446 △914 (Loss) (△) (△45.0%) (－) (△2
Slide 17: Agenda
・Fiscal 2021 1Q Overview of Financial Results ・Highlights of Group Companies ・Fiscal 2021 Outlook ・Content Business Strategy 17
Slide 18: Consolidated Forecast and Dividend Forecast
Consolidated Forecast and Dividend Forecast FY2021 FY2021 FY2020 Change （B-A) (Millions of yen) Previous Forecast Revised Forecast Result (A) (B) Net Sales 391,335 392,000 395,000 3,000 Operating Profit 34,526 35,000 39,000 4,000 Recurring Profit 42,944 41,000 45,000 4,000 Profit attributable to own
Slide 19: Agenda
・Fiscal 2021 1Q Overview of Financial Results ・Highlights of Group Companies ・Fiscal 2021 Outlook ・Content Business Strategy 19
Slide 20: Individual Viewer Ratings
April 2021 Cour Individual Viewer Ratings 2021/03/29(月)～2021/06/27(日) March 29, 2021 – June 27, 2021 （単位：%） NTV EX TBS TX CX PUT 全 日 All Day ① 4.0 ② 3.8 ③ 2.9 ⑤ 1.4 ④ 2.8 21.6 6時～24時 6:00 to 24:00 ▲1.1 ▲0.8 ▲0.8 ▲0.2 ▲0.4 ▲3.3 プライム Prime Time ① 6.0 ② 5.8 ③ 4.5 ⑤ 3.1 ④ 4.2 33.5 19時～23時 19:00 to 23:00
Slide 21: Core Target Audience Rating
April 2021 Cour Core Target Audience Rating 2021/03/29(月)～2021/06/27(日) March 29, 2021 – June 27, 2021 NTV EX TBS TX CX PUT （単位：%） 全 日 All Day ① 3.4 ④ 1.6 ③ 1.7 ⑤ 0.6 ② 2.2 11.5 6時～24時 6:00 to 24:00 ▲1.3 ▲0.5 ▲0.5 ▲0.2 ▲0.4 ▲3.3 プライム Prime Time ① 5.4 ④ 2.9 ③ 3.5 ⑤ 1.5 ② 3.8 20.3 19時～23時 19:00 to 23:
Slide 22: FY2021 Programming Policy
FY2021 Programming Policy ❶ Continue Triple Crown ratings on Individual and Core Targets ❷ Maximum acceleration of "Multiplatform Strategy Promotion" ❸ Strengthen real-time viewing strategy through enhancing and rebranding regular programs ❹ Nurture and strengthen training & development of content c
Slide 23: October 2021 Programming Strategy
October 2021 Programming Strategy Programming strategy themes: ★ A timetable that wins the full support of viewers, whose tastes have diversified under COVID-19 → Top priority is to always be "consumer first" → Give viewers a “From OFF to ON, From ON to FUN” experience when they switch on their remo
Slide 24: Nippon TV Multi Platform Deployment Successes
Nippon TV Multi Platform Deployment Successes ●"The (without) gentle and The (without) sociability" This Ryota Yamasato and Masayasu Wakabayashi show has been broadcasting on variety shows intermittently since 2012. Real-life events are now being portrayed on stage. In 2020, we aired the digest vers
Slide 25: TVer FY2021 1Q Summary
TVer FY2021 1Q Summary ◆Approximately 350 regular programs are being streamed ◆Total app downloads at 38.53 million (as of the end of June) ◆Maximum number of monthly visitors as MUB (excluding double counting) reached 16.64 million in June ◆Nippon Television offers 34 programs regularly ◆Establishe
Slide 26: HJ Holdings FY2021 1Q Summary
HJ Holdings FY 2021 1Q Summary ◆Paid subscribers reached a record high, and 1Q sales increased +20.7%YoY ◆Hulu’s original “SEASON 2 Love You as the World Ends” contributed to one of the largest membership acquisition ・In addition, there are many Hulu originals such as "Mile Novich," "Tomorrow Sea At
Slide 27: Focus of Content Business Strategy for FY2021
Focus of Content Business Strategy for FY 2021 ●Film Business ・ In theaters on Friday, July 16, 2021, "Belle" Officially selected from the “Cannes-Plumier Division” at the 74th Cannes International Film Festival Animation director, Mamoru Hosoda, the pride of Japan, presents his latest work. As the
Slide 28: FY2021 Key Content Business Strategy
FY2021 Key Content Business Strategy ~Total of 8 Businesses~ ●VTuber business ⇒ Launched a terrestrial program of VTubers on July 29, "Project V" ⇒ Largest U.S. VTuber agency VShojo joined VTuber network V- Clan Network ⇒ Our VTubers now have 8 million channel subscribers! ●AR/MR business mixta ⇒ mi
Slide 29: Reference Materials for Financial Results
Reference Materials for Financial Results 29
Slide 30: Segment Results
Segment Results (Millions of yen) Reportable segments Consolidated Income FY2021 Media Life and Real estate Others Total Adjustment Statement 1Q Health Amount Content Related Total recorded Related Business business Business Net Sales 91,612 4,662 2,609 98,883 1,683 100,567 △2,738 97,829 △1,064 △280
Slide 31: Spot Sales - Terrestrial Broadcasting by Sector
Spot Sales ‐ Terrestrial Broadcasting (Nippon TV) Share Change Share Change FY2020 1Q FY2021 1Q (%) (%) (%) (%) 1 Telecom/game 16.3 △3.9 Telecom/game 16.8 65.8 18.0% 2 Cosmetics/toiletries 14.1 △39.6 Cosmetics/toiletries 10.5 19.3 16.0% 14.0% 3 Pharmaceuticals 7.5 1.3 Service 10.1 139.5 12.0% FY2020
Slide 32: Ranking Based On Number of Viewers
Ranking Based On Number of Viewers （April 1st Week-June 4th Week) Average Broad Total Viewers Title Minutes Viewers casters (millions) (millions) 1 NTV 2021/04/04 Spring collaboration special of hit Nippon TV shows! 234 30 38.923 9.52 2 NTV 2021/04/06 The! Sekai Gyoten News 234 28 36.152 10.364 3 TB
Slide 33: Movie Lineup for 2021
Movie Lineup for 2021 ☆ Lead manager is Nippon TV ★=Jointly organized by Nippon TV Date Title Distributor September 10, ★The Deer King TOHO 2021 October 29, ★AND SO THE BATON IS WB 2021 PASSED December 10, ☆Your Turn to Kill: The Movie TOHO 2021 33
Slide 34: Event Lineup for 2021-2022
Event Lineup for 2021-2022 ※Do to COVID-19, events may be postponed or canceled Date Event “WHO IS BANKSY？” EXHIBITION 【Tokyo】 From August 21 to December 5, 2021 RILAKKUMA & SUMIKKOGURASHI FESTIVAL 【Tokyo】 From August 11 to August 30, 2021 HIDEAKI ANNO EXHIBITION 【Tokyo】 From October 1 to December 1
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