Saregama India Limited · NSE:SAREGAMA
Saregama India — Q1 FY20 Earnings Presentation
37 slides from Saregama India's earnings presentation, Aug 13, 2019
Slide 1: Outcome of Board meeting letter to exchanges
RP- Sanjiv Goenka ini Group dh Growing Legacies August 13, 2019 The Manager, The Listing Department The Calcutta Stock Listing Department, BSE Limited, Exchange Limited, National Stock Exchange of India Phiroze Jeejeebhoy 7, Lyons Range, Ltd., Towers, KOLKATA - 700 001 “Exchange Plaza’, C-1, Dalal S
Slide 2: Limited review report on standalone results
BSR&Co. LLP Chartered Accountants Godrej Waterside, Unit No. 603 Telephone: +91 33 4035 4200 6th Floor, Tower 1, Plot No 5, Block - DP Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata - 700091 Limited review report on unaudited quarterly standalone financial results of Saregama India Limited under
Slide 3: Limited review report (continued)
BSR&Co. LLP Limited review report on unaudited quarterly standalone financial results of Saregama India Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued) 5. Based on our review conducted as above, nothing has come to our attention
Slide 4: Statement of Unaudited Standalone Financial Results
‘Saregama Indin Limited Registered Office: 33, Jessore Road, Dun Dom, Kolkata - 700 028 web: www.saregama.com, Emil id: co,see@savegama.cum, Phone not 033-2551-2984 CIN:L22213 WBI946PLCOL4346 {Rs Im Loksis) St of Unaudited Standalone Fiuaneial Results for the Quorter Ended 30 Juive 2019 Stondatone 3
Slide 5: Segment wise Revenue, Results, Assets and Liabilities (Standalone)
Saregama India Limited Registered Office: 33, Jessore Koad, Dum Dum, Kolkata - 700 028 web: wirw.saregama.com, Erail id: co.see@saregotna.com, Phone na: 033-2551-2984 CINL.22213 WU 1946PL.C014346 {Rs in Lakhs) Segmral wise Revenue, Results, Assets and Liabilities for the Quarter Ended 30 Jume 2019 S
Slide 6: Notes to standalone results
[Rores: 6 [The aforementioned results for the quarter ended 30 Junc 2019 have been reviewed and recomnacndel by the Amit Commiiice in their mceiing lek! on 13 August 2019 and nppsoveil Iby the Board of Dicectors af the Company at their meeting held on even date. These results have been subjected bo
Slide 7: Limited review report on consolidated results
BS R&Co. LLP Chartered Accountants Godrej Waterside, Unit No. 603 Telephone: +91 33 4035 4200 6th Floor, Tower 1, Plot No 5, Block - DP Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata - 700091 Limited review report on unaudited quarterly consolidated financial results of Saregama India Limited un
Slide 8: Limited review report on consolidated results (continued)
BSR&Co. LLP Limited review report on unaudited quarterly consolidated financial results of Saregama India Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued) 4. The Statement includes the results of the following entities: Parent: S
Slide 9: Limited review report (continued)
BSR & Co. LLP Limited review report on unaudited quarterly consolidated financial results of Saregama India Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued) 8. Certain of these subsidiaries are located outside India whose financi
Slide 10: Statement of Unaudited Consolidated Financial Results
‘Saregama india Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www-saregama.com, Eniail id: co.see@saregoma.com, Phone no: 033-2551-2984 CIN:L22213 WBLS46PLCO14346 = ie (Rx in Lakhs) RE St ‘of Unaudited C Fi Results for the Quarter Ended 39 June 2019 Consolldated 3Month
Slide 11: Segment wise Revenue, Results, Assets and Liabilities (Consolidated)
‘Saregama Indin Limited Registered Office; 33, Jessore Road, Dam Dum, Kelleats - 700 028 web: www.sareguima.com, Email id: ce.sec@saregama.com, Phone no: 033-2551-2984 CIN:L12213WB1946PLC014346 (Rs in Lakhs) Segment wise Revennic, Results, Assets ans} Liobilitivs for the Quarter Ended 30 June 2619 l
Slide 12: Notes to consolidated results
NOTES: 6 |euibnisin of quarterly consolidated results has become mandatory anly from 1 April 2019. The figures for the 3 months ended 31 March 2019 aro the balancing figures between Tie aforementionsd results Tor the quarter ended 30 dime 2019 have boon reviewed and recommended by the Audit Committe
Slide 13: Saregama India Limited Q1 / FY20
SAREGAMA INDIA LIMITED Q1 / FY20 EARNINGS PRESENTATION
Slide 14: Hamid wins 2 National Film Awards
Slide 15: Snapshot
Snapshot India’s oldest music label and High Dividend Yield and a Zero Strong and professional youngest film production house Debt Company management team with experienced stalwarts from the entertainment industry Owning Intellectual Property (IP) India’s first song was recorded in Digital licensing
Slide 16: Strategic Overview
Strategic Overview Rising Smartphone Falling Rising Individual Ownership Data Prices Falling Piracy based Content 450-500M >Rs3/GB Consumption Content Consumption thru Legal means Going Up • Indians spent 30% of their phone time on entertainment • 325M people viewed video online in 2018 growing @25%
Slide 17: Strategic Overview
Strategic Overview Saregama’s Saregama’s long term strategy : Tostrategy long term be a Pure is toPlay be aContent Company pure play content capitalising on the global company capitalising data on the driven data boomentertainment globally boom Diversified monetisation Higher monetisation of Existin
Slide 18: Company Overview
Company Overview • Saregama India Ltd., an RP Sanjiv Goenka Group Company, is India's oldest music label, youngest film studio and a multi-language TV content producer. Over the years, the Company has Consolidated Revenues expanded its business from audio to home video, publishing, digital, events,
Slide 19: Business Verticals
Business Verticals Saregama is the pioneer of the Indian music industry and has evolved into a premier diversified content player with Intellectual property rights of songs, TV serials, movies having presence across platforms like television, radio, digital, telecom, etc. Business Verticals Music Se
Slide 20: Financial Highlights
Financial Highlights
Slide 21: Quarterly Financial Summary-Standalone
Quarterly Financial Summary-Standalone Particulars (INR Mn) Q1-FY20 Q4-FY19 Q-o-Q Growth Q1-FY19 Y-o-Y Revenues • Music 1065 1121 -5% 997 7% • TV & Films 143 119 20% 116 23% Total Revenue from Operation 1208 1240 -3% 1113 9% PBT 20 259 -92% 138 -86% PAT 5 161 -97% 86 -94% Revenue (INR Mn) PBT (INR M
Slide 22: Financial Performance- Standalone Quarterly
Financial Performance- Standalone Quarterly Particulars (INR Mn) Q1-FY20 Q4-FY19 Q-o-Q Growth Q1-FY19 Y-o-Y Growth Revenue from Operations 1208 1,240 -3% 1,113 9% Other Income# 32 119 -73% 431 -93% Total Revenue 1240 1,359 -9% 1,544 -20% Total Expenses 1190 1077 10% 1382 -14% EBITDA 50 282 -82% 162
Slide 23: Financial Performance- Consolidated Quarterly
Financial Performance- Consolidated Quarterly Particulars (INR Mn) Q1-FY20 Q4-FY19 Q-o-Q Growth Q1-FY19 Y-o-Y Growth Music 1102 1127 -2% 1036 6% TV & Films 143 119 20% 116 23% Publication 14 21 -33% 15 -7% Revenue from Operations 1259 1267 -1% 1167 8% Other Income# 22 124 -82% 420 -95% Total Revenue
Slide 24: Operational Highlights
Operational Highlights
Slide 25: Music Segment Operational Highlights
Music Segment Operational Highlights New content investment steadily going up. Saregama invested Rs.56 Mn in FY18 and Rs.324 Mn in FY19 in new music rights acquisition OTT Streams (Mn) per Quarter YouTube Views (Mn) per Month 724 883 1,023 1,076 1,446 1,358 496 594 914 784 1,109 958 Q4-FY18 Q1-FY19
Slide 26: Music Segment Operational Highlights
Music Segment Operational Highlights • Sales kept steady inspite of falling store footfalls Carvaan Sales (units ‘000s) • Focus on increasing mid to small towns penetration • Awareness creation • Distribution network expansion • Manpower • Two new variant launched • Go helps reduce the entry price •
Slide 27: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Business Hamid: Future Outlook • Released on Netflix and is trending • 12 movie output deal with leading Indian • 2 National Film Awards broadcaster/ Digital platform. Noblemen • Limited release in theatres. Rave reviews. • Another deal on the Licensed
Slide 28: Financial Overview
Financial Overview
Slide 29: Standalone Income Statement
Standalone Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5,244 3,456 2,081 Other Income# 595 142 159 Total Revenue 5,839 3,598 2,240 Total Expenses 4,920 3,115 2,003 EBITDA 919 483 237 EBITDA Margin (%) 18% 14% 11% Depreciation 30 38 41 Finance Cost 66 34 23 PBT 823 41
Slide 30: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities (INR FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Mn) Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2056 1,881 1,893 (b) Other Equity 4087 3,647 3,236 (b) Investment Properties 24 24
Slide 31: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5447 3,566 2,185 Other Income # 564 102 133 Total Revenue 6,011 3,668 2,318 Total Expenses 5,065 3,203 2,090 EBITDA 946 465 228 EBITDA Margin (%) 17% 13% 10% Depreciation 33 42 44 Finance Cost 66 34 24 PBT 847
Slide 32: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2057 1884 1897 (b) Other Equity 4107 3,643 3,223 (b) Investment Properties 24 24
Slide 33: Financial Charts (Consolidated)
Financial Charts (Consolidated) Total Revenue (INR Mn) EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) 17% 9% 8% 13% 10% 4% 2,318 3,668 6011 228 465 946 87 283 543 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 EBITDA EBITDA Margin (%) PAT PAT Margin (%) Diluted EPS (INR) PE Ratio ROCE%* 22.2% 14.
Slide 34: Capital Market Data
Capital Market Data 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% -35% Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Saregama Sensex Shareholding Pattern as on 30th June, 2019 Price Data (As of 30th June, 2019) INR Face Value 10 Market Price 576.0 Others 38.12
Slide 35: 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
Slide 36: Thank You
[sare gaimal soul of India THANK YOU
Slide 37: Press release for results for the Quarter ended June 30, 2019
Press release for the results of Saregama India Limited. for the Quarter ended June 30, 2019 9% YoY Revenue Growth in Q1’19-20 Yoodlee film ‘Hamid’ wins 2 National Film Awards Mumbai, Aug 13, 2019: Saregama, India’s oldest music label and the youngest movie studio, announced its financial results fo