Zee Entertainment Enterprises Limited · NSE:ZEEL
Zee Entertainment Enterprises — Q3 FY2023 Earnings Presentation
17 slides from Zee Entertainment Enterprises's earnings presentation, Feb 13, 2023
Slide 1: Exchange filing letter: audio recording of conference call
February 13, 2023 The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai – 400 051 BSE Scrip Code Equity: 505537 NSE Symbol: ZEEL EQ De
Slide 2: Earnings Update for Q3 FY23
Earnings Update for Q3 FY23 Zee Entertainment Enterprises Limited – 13th Feb, 2023 1
Slide 3: Safe Harbor Statement
Safe Harbor Statement This Release/Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar exp
Slide 4: Q3 FY23 Revenue Was Flat YoY; Healthy Momentum In ZEE5
Q3 FY23 Revenue Was Flat YoY; Healthy Momentum In ZEE5 16.2% 4.1% 16.0% Q3 FY23 all India TV network QoQ Total Revenue growth; EBITDA margin; share, QoQ down 20 bps Q3 FY23 Revenue Rs 21,112 Mn Q3 FY23 EBITDA of Rs. 3,380 Mn +33% 119.5 Mn 169 min Zee5 YoY Revenue growth; ZEE5 global MAUs in Q3 FY23
Slide 5: Business Performance
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Slide 6: Domestic Linear: Network Share Gains In South Cluster Offset By Soft Performance in Marathi
Domestic Linear: Network Share Gains In South Cluster Offset By Soft Performance in Marathi and Seasonal Dip in Hindi Movies TV reach and impressions ZEE network share 50 800 19.0% 18.9% 45 760 764 754 780 18.2% 17.7% 17.3% 17.1% 40 760 17.0% 35 29.8 28.3 28.2 740 16.1% 16.4% 16.2% 30 720 15.8% 25 7
Slide 7: ZEE5: Revenue Up 33% YoY; Highest Ever DAUs Reflecting Stickiness
ZEE5: Revenue Up 33% YoY; Highest Ever DAUs Reflecting Stickiness Q4 FY23 Slate Q3 Highlights ➢ MAUs at 119.5 Mn and DAUs at 11.5 Mn ➢ 50+ shows and movies (incl. 6 originals) released during the quarter ➢ Average Watch time is 169 mins ➢ Q3 Revenues stood at Rs.1,943 Mn (YoY 33% growth) EBITDA* at
Slide 8: Digital Business Continue to Show Strong Usage, Engagement and Growth
Digital Business Continue to Show Strong Usage, Engagement and Growth MAU (Mn) DAU (Mn) Highest ever DAUs 119.5 11.4 11.4 11.5 107.2 111.7 10.5 104.8 101.9 9.6 93.2 9.3 80.2 72.6 7.1 6.1 Q4 FY21 Q4 FY22 Q1 FY22 Q1 FY23 Q2 FY22 Q2 FY23 Q3 FY22 Q3 FY23 Q4 FY21 Q4 FY22 Q1 FY22 Q1 FY23 Q2 FY22 Q2 FY23 Q
Slide 9: ZEE Studio Q3 FY23: Hindi and Regional Movies Released During the Quarter
ZEE Studio Q3 FY23: 5 Hindi and 4 Regional Movies Released During the Quarter Hindi Movies Regional Movies
Slide 10: Zee Music Company (ZMC): 2nd Largest Music Label with ~92Mn Subscribers on YouTube
Zee Music Company (ZMC) 2nd Largest Music Label with ~92Mn Subscribers on YouTube ZMC YouTube Video Views & Subscribers Count 54 92 16 80 Q3 FY22 Q3 FY23 Subs count (Mn) Video Views (Bn) ZMC Hindi movies acquisition share Zee Music company witnessed 246% YoY growth on video views & 12 Mn Strong trac
Slide 11: Financial Performance
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Slide 12: YTD FY23 EBITDA Down 28.3% YoY Impacted by Elevated Investment in Content, Marketing and Technology
YTD FY23 EBITDA Down 28.3% YoY Impacted by Elevated Investment in Content, Marketing and Technology Operating revenue breakup (INR Mn) Growth (INR Million) 9M FY23 9M FY22 YoY -7% 4% 124% YoY Operating Revenue 59,853 58,664 2.0% Expenditure -50,994 -46,309 10.1% 9M FY23 30,529 24,881 4,444 EBITDA 8,
Slide 13: Q3FY23 EBITDA Down 29.5% YoY Impacted by Slower Growth in Revenue and Elevated Investment
Q3FY23 EBITDA Down 29.5% YoY Impacted by Slower Growth in Revenue and Elevated Investment in Content, Marketing and Technology Operating revenue breakup (INR Mn) Growth Growth (INR Million) Q3 FY23 Q2 FY23 Q3 FY22 QoQ 5% 9% 21% QoQ YoY YoY -16% 13% 148% Operating Revenue 21,112 20,284 4.1% 21,126 -0
Slide 14: Challenging Macro Economic Environment Continues to Impact Operating Performance
Challenging Macro Economic Environment Continues to Impact Operating Performance ➢ Domestic Ad revenues came at Rs. 10,154 Mn, QoQ up by 5.7%, YoY declined by 15.8% Advertising ➢ Ad Revenue YoY growth impacted due to FTA withdrawal (Zee Anmol) and slowdown in FMCG spends due to challenging revenues
Slide 15: Condensed Balance Sheet
Condensed Balance Sheet Assets (Rs. Mn) Dec'22 Mar'22 Liabilities (Rs. Mn) Dec'22 Mar'22 Non-Current Assets Equity Capital 1,09,258 1,08,627 Fixed assets 14,693 13,122 Non-Current Liabilities Investments 358 409 Lease Liab/Other borrowings 2,296 556 Other financial assets 599 351 Provisions 1,331 1,
Slide 16: Break-up of Content Inventory, Advances and Deposits
Break-up of Content Inventory, Advances and Deposits Rs. 64.1 bn Rs. 62.7 bn Rs. 72.5 bn Rs. 74.6 bn Rs. 78.9 bn Rs. 79.5 bn 12% 9% 9% 8% 17% 14% 14% 12% 13% Content Advances & 9% 11% 7% Deposits 14% 13% 14% 14% 14% 15% Movies Production, Music & Others Shows 63% 65% 64% 62% 64% 65% Movies Rights FY
Slide 17: Extraordinary Together
3 Extraordinary Together
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