Prime Focus Limited · NSE:PFOCUS
Prime Focus — Q1 FY15 Earnings Presentation
22 slides from Prime Focus's earnings presentation, November 2014
Slide 1: Prime Focus Limited Q1FY15 Investor Presentation
Prime Focus Limited Q1FY15 Investor Presentation November 2014 Q1 FY15 Earnings Presentation
Slide 2: Safe Harbor
Safe Harbor Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ ma
Slide 3: Agenda
Agenda I. Q1FY15 Performance………………………………………4-11 II. About us………….. ………. ………………………………15-18 III. Annexure i. Financials……………………………………………...20 ii. Shareholding pattern…………………………………21 Q1 FY15 Earnings Presentation 3
Slide 4: Transition to Integrated Tier I M&E Services Co
Transition to Integrated Tier I M&E Services Co Consolidated revenues scale up to Rs 3.5bn post DNEG Merger Figures in Rs Million; Consolidated financials Net Revenues Creative Revenues Technology Revenues 79% YoY increase 133% YoY increase 18% YOY growth Rs 3,502 mn Rs 2,684 mn Rs 468 mn Quarter en
Slide 5: Transient impact of integration on margins
Transient impact of integration on margins Cost consolidation initiated; one-time costs to yield synergies Figures in Rs Million; Consolidated financials EBITDA/Margin PBT PAT Quarter ending 654 / 33.4% 296 213 Sep 13 Quarter ending Sep 14 144 / 4.1% (681)* (220) EBITDA was at Rs 144mn with margin o
Slide 6: PFW continued to deliver key projects in Q1
PFW continued to deliver key projects in Q1 Hollywood Bollywood Teenage Mutant Nnja Sin City: A Dame to Kill For Turtles TVCs Hercules The Best of Me Q1 FY15 Earnings Presentation 6
Slide 7: ..and has a strong pipeline of ongoing projects
..and has a strong pipeline of ongoing projects Batman v Superman Insurgent Interstellar Exodus: Gods and Kings Avengers: Terminator-Genisys Age of Ultron Jupiter Kingman: The Ant-Man Ascending Secret Service Q1 FY15 Earnings Presentation 7
Slide 8: PFT showcased 'Journey to the Cloud' at IBC 2014
PFT showcased ‘Journey to the Cloud’ at IBC 2014 • PFT announced company’s brand new go-to-market offering ‘Journey to the Cloud’ reinforcing their proven Cloud credentials and the goodness of CLEAR Media ERP Suite • ‘Journey to the Cloud’ envisages PFT working closely with media and entertainment c
Slide 9: Operations cloud – The best cloud offering for M&E Industry
Operations cloud – The best cloud offering for M&E Industry Q1 FY15 Earnings Presentation 9
Slide 10: PFT India continues its success story adding new milestones
PFT India continues its success story adding new milestones • BCCI extended its contract with PFT for next 6 years – Demonstrating faith in PFT services, BCCI chose to extend its service contract in which PFT would be managing entire BCCI asset library with its CLEAR Cloud MAM and providing managed
Slide 11: PFT - Revenue Split by Type and Geography
PFT - Revenue Split by Type and Geography Quarter ending Quarter ending Sep 13 Sep 14 Project based Revenue 27% Project based, 29% by contract Annuity, type Annuity 71% 73% ROW ROW Revenue 28% 29% by geography India India 72% 71% Q1 FY15 Earnings Presentation 11
Slide 12: Q1FY15 reflects integration efforts
Q1FY15 reflects integration efforts Phase 1 starts with PFT-DAX and PFW-DNEG integration PFL – RMW FMS business merger awaits Regulatory approval EBITDA Margin up by 4-5% Where we are today EBITDA Margin up by 2– 4% Phase 3 Partner of choice for M&E 36 months EBITDA Margin up by 1.5 to 2 % services
Slide 13: Segmental Analysis
Segmental Analysis: Creative services contributing 77% of revenue Segment-wise revenues Figures in Rs Million; Consolidated financials 2,684 Qtr Sep 13 Qtr Sep 14 1,152 398 468 411 350 ViewD+VFX PFT PP Segment-wise EBITDA Qtr Sep 13 Qtr Sep 14 361 151 143 111 * 100 57 ViewD+VFX PFT PP Note: Q1FY15 m
Slide 14: Debt profile
Debt profile Consolidated debt of $152mn (Rs 9,339 mn) in Sept 2014 compared to $137 mn (Rs 8,216 mn) in June 2014 * Company has paid off high cost $11 mn debt in India on closure of the backend sale to PFW Increase due to addition of Double Negative debt in PFW and part disbursement of EXIM facilit
Slide 15: About us
About us Q1 FY15 Earnings Presentation
Slide 16: PFL: World's Largest Integrated Media Services player
PFL: World’s Largest Integrated Media Services player Unique DNA Present in top M&E Higher growth ahead Markets ‘Creative cum tech’ Increasing presence Acceleration via M&A combination helps PFL across all major to spur next phase of emerge as only player to content markets with growth. Year 2014 ha
Slide 17: Fuelling success with marquee clients across the globe
Fuelling success with marquee clients across the globe Creative services Technology services Leading Hollywood and Bollywood studios Leading broadcasters, studios, brands, sports and digital businesses Q1 FY15 Earnings Presentation 17
Slide 18: 'WorldSourcing' model providing unmatched competitive edge
‘WorldSourcing’ model providing unmatched competitive edge Largest global network providing highest quality, fastest time to market and most efficient pricing & significant cost synergies Stronger front-end Unmatched off-shoring UK synergies CANADA Tax incentives Tax incentives Strong domestic TV an
Slide 19: Annexure
Annexure Q1 FY15 Earnings Presentation
Slide 20: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Figures in Rs Million Qtr ending Qtr ending Qtr ending % Chg Particulars (Rs mn) Sep14 Sep 13 June 14 YoY % Chg QOQ 15M FY'14 Net sales / income from operations 3,502 1,961 1,995 79% 76% 10,345 Total Expenditure 3,390 1,510 1,851 125% 83% 8,360 Personnel Cost (in
Slide 21: PFL Shareholding Pattern Evolution
PFL Shareholding Pattern Evolution As on 30th Sep 2014 Fully diluted Outstanding shares – 185 mn Outstanding shares* – 299 mn Public & Others, Public, 18.0% Institutions 24.0% Promoters 33.5% Promoters, 41.6% Corporate Bodies, 15.2% SCPE FII/FVCI, 12.3% 4.7% Reliance DII, 1.2% Group SCPE, 30.2% 19.7
Slide 22: About Us
About Us Prime Focus Limited (PFL), the world’s largest media services powerhouse employs over 5,500 professionals in 16 cities across 4 continents and 7 time zones. We provide end-to-end creative and technology services including visual effects, stereo 3D conversion, animation, post-production, Dig