i-CABLE Communications Limited · HKEX:1097
i-CABLE Communications — H1 2011 Earnings Presentation
21 slides from i-CABLE Communications's earnings presentation, Aug 9, 2011
Slide 1: 2011 Interim Results
i--CABLE CABLE Communications Limited 2011 Interim Results 9 August 2011
Slide 2: Results Highlights
Results Highlights • Efforts to rebuild revenue & profitability have started to pay off Ø TV subscriber base sustainable, making healthy contributions to recurrent revenue driven by strong content & new services Ø Advertising revenue remained strong, attributed mainly to a stronger economy, attracti
Slide 3: Subscription Services: Television
Subscription Services Television • Higher recurrent revenue created noticeable improvement in financial performance • Successful marketing & promotional campaigns maximized the leverage of prized content & strong HD service • Continue to invest in premier content to reinforce & expand market share u
Slide 4: Expanded HDTV Offerings
Expanded HDTV Offerings • The best HD quality & viewing experience in town is the biggest draw card for customer acquisition together with premier content across flagship channels • Expanded the spectrum of genres on HD platform to 9 flagship HD channels: Ø 5 HD Sports channels Ø 3 HD Movie channels
Slide 5: Expanded HDTV Offerings: HD Sports
Expanded HDTV Offerings HD Sports (HD200 – HD204) • Barclays Premier League • UEFA Champions League • German Bundesliga • Copa America • Barclays Asia Trophy • ATP Qatar Open Tennis • Asian Winter Games • The Sudirman Cup • FINA Swimming World Championships • HD Horse racing HD Olympics 2012 i-CABLE
Slide 6: Expanded HDTV Offerings: Cine p.
Expanded HDTV Offerings Cine p. (HD245) • A brand new movie channel, with award-winning & controversial titles for a mature audience • A wide range of genres, many of which not theatrically released or first run on TV in Hong Kong • Broadcast in original uncut, unrated i-CABLE Communications Limited
Slide 7: Expanded HDTV Offerings: HMC
Expanded HDTV Offerings HMC 1 (HD243) • Available in HD starting from 30 June 2011 • A 24-hour non-stop Hollywood movie channel featuring action adventure mega hits i-CABLE Communications Limited 7
Slide 8: Expanded HDTV Offerings: Movie and Entertainment
Expanded HDTV Offerings Movie 1 (HD241) • A 24-hour local movie channel with first run blockbusters Entertainment Channel (HD212) • Features popular drama series as well as repackaged game & variety shows, music & artistes features & i-CABLE Communications Limited hottest talkshows 8
Slide 9: Self-Produced Programmes
Self-Produced Programmes 9 i-CABLE Communications Limited
Slide 10: Self-Produced Programmes
Self-Produced Programmes 10 i-CABLE Communications Limited
Slide 11: Viewership
Viewership 52% 46% 42% 34% 10% i-CABLE Communications Limited 9% 4% 2% Source: CSM Media Research All Day All Time (Individual 4+) • CABLE TV viewership share bigger than all other Pay TV combined • CABLE TV viewership share continued to gain ground – at the expense of the closest rival which lost n
Slide 12: Subscribers
Subscribers Dec 2010 Jun 2011 143,000 137,000 228,000 225,000 1,101,000 1,103,000 i-CABLE Communications Limited 12
Slide 13: Subscription Services: Broadband
Subscription Services Broadband • Despite competition pressure, we are speeding up network investment to slow down subscriber loss & protect market share • Next generation DOCSIS 3.0 roll-out on HK Island completed; works for Kowloon & New Territory currently underway in earnest • Expansion in netwo
Slide 14: Newsline Express
Newsline Express • A strong brand taking advantage of MTR's extensive rail network & CABLE TV's leading news offering • A massive platform reaching 1.6 million passengers each day on board trains of MTR East Rail, West Rail & Ma On Shan Lines* i-CABLE Communications Limited * Synovate AsiaBUS 14
Slide 15: Sundream Motion Pictures
Sundream Motion Pictures • Firmly established itself as a discerning production & distribution company • Released 3 titles theatrically in the first half of 2011, with 9 titles in the pipeline • The King‘s Speech (皇上無話兒) Ø A major box office & critical success both locally & around i-CABLE Communica
Slide 16: Television
Television 2010 2011 HK$M 1H 2H 1H vs 1H10 Turnover 725 836 874 20% Opex before dep’n (748) (876) (822) 10% EBITDA (23) (40) 51 N/A Depreciation (79) (80) (74) - 6% Operating Profit/(Loss) (102) (120) (22) - 78% EBITDA Margin -3% -5% 6% Operating Margin -14% -14% -3% i-CABLE Communications Limited •
Slide 17: Internet & Multimedia
Internet & Multimedia 2010 2011 HK$M 1H 2H 1H vs 1H10 Turnover 231 201 167 - 28% Opex before dep’n (133) (116) (98) - 26% EBITDA 98 86 70 - 29% Depreciation (44) (44) (39) - 10% Operating Profit 55 42 30 - 44% EBITDA Margin 43% 43% 42% Operating Margin 24% 21% 18% i-CABLE Communications Limited • Pr
Slide 18: Consolidated Results
Consolidated Results 2010 2011 HK$M 1H 2H 1H vs 1H10 Turnover 962 1,040 1,051 9% Opex before dep’n (944) (1,053) (983) 4% EBITDA 18 (13) 68 275% Depreciation (126) (127) (117) - 8% Operating Profit/(Loss) (108) (140) (49) - 55% Share of profit less losses of associates (39) (2) - N/A Net interest in
Slide 19: Operating Expenses
Operating Expenses 2010 2011 HK$M 1H 2H 1H vs 1H10 Programming 546 728 637 17% Network 119 115 113 - 5% Selling, CS, G&A 250 185 189 - 24% Cost of Sales 29 26 45 53% Sub-total 944 1,053 983 4% Depreciation 126 127 117 - 8% Total 1,070 1,180 1,100 3% i-CABLE Communications Limited • Premier programmi
Slide 20: Outlook
Outlook • Investing in & for the future is the Group's long-standing & well-proven strategy. It includes service offerings, customer service as well as infrastructure to enrich customers' experience & satisfaction • Competitive pressure is not expected to ease, we are cautiously optimistic that the
Slide 21: Disclaimer
i-CABLE Communications Limited HKSE Stock Code: 1097.HK Disclaimer All information and data are provided for information purposes only. All opinions included herein constitute i-CABLE’s judgement as of the date hereof and are subject to change without notice. i-CABLE and its subsidiaries and affilia
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