Basilic Fly Studio Ltd. · NSE:BASILIC
Basilic Fly Studio — H1 FY2024 Earnings Presentation
44 slides from Basilic Fly Studio's earnings presentation, Nov 9, 2023
Slide 1: Regulation 30 intimation letter to NSE
November 09, 2023 Ref: NSE/18/2023-24 To, The Manager, National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: BASILIC ISIN: INE0OCC01013 Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Slide 2: H1 FY24 Investor Presentation
Basilic Fly Studio Limited H1 FY24 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Basilic Fly Studio Limited (BFS, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shal
Slide 4: Company Overview
Company Overview Investor Presentation 3
Slide 5: Introducing Basilic Fly Studio: An Overview of Our Company
Introducing Basilic Fly Studio: An Overview of Our Company Pushing the boundaries of creativity and technology to deliver exceptional visual experiences. Established in 2016, Basilic Fly Studio (BFS), is a leading visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operatin
Slide 6: Track Record of Delivering Excellence Across Industries: Key Facts
Track Record of Delivering Excellence Across Industries: Key Facts 10,000 + 300 + Worked For Movies Worked For Series 8,000 + Projects Completed Clients 900 + 2,000 + Commercials Completed FY23 3 Year CAGR FY21-FY23 500 + FY23 Revenue ₹ 79 Cr Team Members Revenue 114% ROE 88% EBITDA ₹ 39 Cr EBITDA 4
Slide 7: Basilic Fly Studio's Vision & Mission
Revolutionizing VFX: Basilic Fly Studio's Vision & Mission Vision Mission To blaze new trails in the world of visual effects, driving the To be the vanguard of the VFX world, pioneering the art and industry forward with our pioneering spirit, artistic vision, and science of visual effects with unmat
Slide 8: From Startup to Success: Basilic Fly Studio's Journey
From Startup to Success: Basilic Fly Studio's Journey BFS took on complex projects regardless of the challenges they bring, stepping out of their comfort zone and evolving as a unit. During the pandemic, the company migrated from in-studio operations to remote operations without impacting the qualit
Slide 9: Space Built For Innovation & Excellence
Space Built For Innovation & Excellence Chennai Office Pune Office BFS understands that the right work environment is crucial for delivering exceptional VFX solutions. Our workspaces are thoughtfully designed with employee comforts in mind, providing a conducive setting where talent flourishes, and
Slide 10: Recognition of Our Work - Client Testimonials
Recognition of Our Work - Client Testimonials Matt Gore Ajoy Mani Robin Griffin VFX Producer Superman & Lois VFX Producing Supervisor VFX Producer, Benhur(MGM) I've worked with Basilic Fly on Basilic Fly is a trusted partner and the only VFX numerous projects over the years, and vendor I consistentl
Slide 11: View Of Recognised Work
View Of Recognised Work Investor Presentation 10
Slide 12: Recognized For Excellence: Our Awards & Certificates
Recognized For Excellence: Our Awards & Certificates Company Of The Year Most Prominent Company 2023, Times Business Awards Outlook Business (Creative Media Solution 2022) (Animation Category) Bengaluru 2023 Excellence awards 2023 At India Icons Awards At Nation Wide Awards Completed The Annual Trus
Slide 13: Successfully Completed Record Breaking IPO Journey
Successfully Completed Record Breaking IPO Journey Investor Presentation 12
Slide 14: Business Overview
Business Overview Investor Presentation 13
Slide 15: BFS Services: Transforming Stories with Visual Effects
BFS Services: Transforming Stories with Visual Effects Rotoscopy Previs or Previsualization This is a crucial method in visual effects. It Previsualization, or previs, is the process of entails frame-by-frame tracing and element visualizing scenes or sequences in a film before isolation in live-acti
Slide 16: BFS's Portfolio Of Popular Films
BFS's Portfolio Of Popular Films Completed 900 + Movies Projects Investor Presentation 15
Slide 17: BFS's Portfolio Of Popular Series
BFS's Portfolio Of Popular Series Completed 2,000+ Series Projects Investor Presentation 16
Slide 18: Key VFX Techniques & Technologies Used By BFS
Key VFX Techniques & Technologies Used By BFS Autodesk Maya is a popular 3D application used for creating realistic animations and impressive visual effects. It has been utilized in notable films like Harry Potter and Transformers, as well as games like FIFA 09 and Prince of Persia. Maya provides co
Slide 19: Key VFX Techniques & Technologies Used By BFS
Key VFX Techniques & Technologies Used By BFS Blender is an open-source 3D creation suite with tools for modeling, rigging, animation, rendering, compositing, and more. It's open-source and supports Python scripting for customization. Blender is ideal for individuals and small studios with a collabo
Slide 20: Key VFX Techniques & Technologies Used By BFS
Key VFX Techniques & Technologies Used By BFS ShotGrid is a production management and review toolset designed for VFX, animation, and games teams. It streamlines creative production tracking, empowering studios of all sizes to concentrate on their core work. As a secure and robust data management pl
Slide 21: BFS Studio's Expansion Plan & Growth Strategy
BFS Studio's Expansion Plan & Growth Strategy o Surge in visual effects demand in films, series, animation, and video o Existing operational presence in Chennai, Pune, Vancouver, and Industry games. London. Operational Overview o Streaming companies driving demand for VFX and animation. o Plans to o
Slide 22: Management Overview
Management Overview Investor Presentation 21
Slide 23: Our Dynamic Leadership: Driving Force Behind Our Success
Our Dynamic Leadership: Driving Force Behind Our Success Mr. Balakrishnan Mrs. Yogalakshmi Managing Director & CEO COO, Whole Time Director o He works with the board to define goals, assess industry trends, manage o She is a skilled business manager with expertise in evaluating company the staff, an
Slide 24: Key Managerial Personnel: Leading With Expertise
Key Managerial Personnel: Leading With Expertise Mr. Nikhil Midha Mr. Prabhakar Duraiswami Mr. M.Ramesh Company Secretary Head of Studio and (Head of Legal and Secretarial Chief Financial Officer Whole Time Director Department) o He is an experienced project manager with a o He is responsible for ca
Slide 25: Core Team: Driving Innovation & Collaboration
Core Team: Driving Innovation & Collaboration Jennifer Hargreaves Dan Levitan EP/GM Business Mohammed Altaf Rohit Karanjavkar Executive Visual Development North Christina Graham Head of Head of Roto Training Effects Supervisor America MD-UK and Europe Compositing and Development Dan Levitan, an este
Slide 26: Board of Directors: Guiding Our Path to Success
Board of Directors: Guiding Our Path to Success Mr. Balakrishnan Mrs. Yogalakshmi Mr. Prabhakar Duraiswami Managing Director & CEO COO, Whole Time Director Head of Studio and Whole Time Director Mrs. Thiripurasundari.R Mr. Jitendra Kumar Pal Mr. Vengarai Seshadri Sowrirajan Non Executive Director In
Slide 27: Industry Overview
Industry Overview Investor Presentation 26
Slide 28: Factors Driving Growth In The Global VFX Industry
Factors Driving Growth In The Global VFX Industry o The global VFX industry is experiencing rapid growth, driven by a variety of factors. One of the main drivers is the increasing demand for high-quality content, especially in the entertainment and media industries. o This demand has also been ampli
Slide 29: Factors Driving Growth In The Global VFX Industry
Factors Driving Growth In The Global VFX Industry o India has the world’s second-largest entertainment market. According to Boston Consulting Group (BCG) and the Confederation of Indian Industries (CII) research, the Indian animation and visual effects industry has the potential to grab 20 to 25% of
Slide 30: Industry Growth Drivers
Industry Growth Drivers The segment grew 29% in 2022 and is expected to grow at a CAGR of 20% to 25% between 2022-2025 to reach INR 190 Billion. VFX in India experienced a 30% growth, reaching INR 50 Billion. 19 o Global release of 50+ VFX-heavy movies expected in 2023 and early 2024. 62 46 o Over 1
Slide 31: Industry Growth Drivers
Industry Growth Drivers • India now provides turnkey services, covering pre-visualization to final The segment grew 29% in 2022 rendering, increasing the value and volume of work. • Tentpole movies heavily rely on VFX and continue to attract audiences in theaters and on OTT platforms worldwide. 10 1
Slide 32: Financial Overview
Financial Overview Investor Presentation 31
Slide 33: Profit & Loss Statement
Profit & Loss Statement (In ₹ Cr) Particulars H1 FY24 FY23 Net Sales 51.61 78.67 Other Income 0.32 0.28 Total Income 51.93 78.95 Total Expenditure 27.88 40.11 EBIDTA 24.05 38.84 EBIDTA Margin (%) 46.31 49.19 Interest 0.26 0.78 Depreciation 0.51 0.56 PBT 23.27 37.50 TAX Expense 4.39 9.60 PAT 18.88 27
Slide 34: Key Financial Highlights
Key Financial Highlights Total Income (In ₹) EBITDA Net Profit (In ₹) EBITDA % Net Profit % (In %) 78.95 38.84 49.19 27.74 35.14 25.29 17.31 6.67 6.75 1.15 1.70 0.34 0.90 1.95 3.58 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 Note: FY21 figures are on standalone basis Investor Presentation 33
Slide 35: Profit & Loss Statement
Profit & Loss Statement (In ₹ Cr) Particulars FY21 FY22 FY23 Net Sales 17.27 25.16 78.67 Other Income 0.04 0.13 0.28 Total Income 17.31 25.29 78.95 Expenses Employee Cost 7.30 12.49 17.56 Other Expenses 8.86 11.10 22.55 Total Expenditure 16.16 23.59 40.11 EBIDTA 1.15 1.70 38.84 EBIDTA Margin (%) 6.6
Slide 36: Balance sheet
Balance sheet (In ₹ Cr) Equities & Liabilities FY21 FY22 FY23 Assets FY21 FY22 FY23 Equity 1.00 1.00 17.00 Non Current Assets Reserves 1.98 2.94 14.67 Fixed Assets 0.69 1.12 2.32 Net Worth 2.98 3.94 31.67 Minority Interest 0.00 0.23 0.39 Non Current Investment 0.00 0.00 0.00 Non current Liabilities
Slide 37: Cash Flow Statement
Cash Flow Statement (In ₹ Cr) Particulars FY21 FY22 FY23 Cashflow From Operations -2.02 0.79 15.64 Cashflow From Investments -0.47 -0.52 -5.73 Cashflow From Financing -0.03 3.07 -0.55 Net Cash Flow -2.52 3.34 9.36 Opening Cash Balance 4.02 1.10 8.97 Closing Cash Balance 1.10 4.51 18.33 Note: FY21 fi
Slide 38: Key Ratios
Key Ratios ROE (In %) ROCE (In %) 87.59 106.51 22.86 21.31 17.53 11.29 FY21 FY22 FY23 FY21 FY22 FY23 EPS (In ₹) Book Value (In ₹) 16.32 18.63 1.75 2.32 0.20 0.53 FY21 FY22 FY23 FY21 FY22 FY23 Note: FY21 figures are on standalone basis Investor Presentation 37
Slide 39: Key Ratios
Key Ratios Fixed Asset Turnover Ratio (In Times) Interest Coverage Ratio (In Times) 33.97 49.29 25.12 22.47 16.65 3.87 FY21 FY22 FY23 FY21 FY22 FY23 Debt to Equity (In Times) Current Ratio (In Times) 1.05 2.92 1.05 0.12 0.13 0.37 FY21 FY22 FY23 FY21 FY22 FY23 Note: FY21 figures are on standalone bas
Slide 40: Key Clients Continue To Drive Revenue Growth
Key Clients Continue To Drive Revenue Growth A Look at Our Customers' Contributions. In % In % In % FY21 FY22 FY23 39.12 38.32 40.92 60.88 61.68 59.08 Top 5 Customers Other Customers In ₹ Cr Particulars FY 2020-21 FY 2021-22 FY 2022-23 Top 5 Customers 10.54 9.69 32.31 Other Customers 6.77 15.6 46.64
Slide 41: Geographical Revenue Breakups
Geographical Revenue Breakups FY21 FY22 FY23 11% 9% 5% 16% 33% 14% 34% 14% 35% 42% 43% 44% North America North America North America Europe Europe Europe Australia & New Zealand Australia & New Zealand Australia & New Zealand Others Others Others Investor Presentation 40
Slide 42: Employee Cost Analysis
Employee Cost Analysis Junior Mid Senior Total (In Nos) Employee Cost (In ₹ Cr) Employee Cost As % Of Sales 352 48.77 139 40.94 234 192 82 53 93 22.31 65 17.55 58 12.27 120 7.07 81 87 FY21 FY22 FY23 FY21 FY22 FY23 Average Monthly Employee Salary (In ₹) Levels FY21 FY22 FY23 Junior 20,581 22,843 28,0
Slide 43: Stock Data
Stock Data NSE: BASILIC SHARE HOLDING PATTERN As on 30-10-2023 As on 30-09-2023 Share Price (₹) 297.65 Market Capitalization (₹ Cr) 680.93 Promoter & Promoter Group 38.71% Institutions No. of Shares Outstanding 2,32,40,000 1.39% 59.90% NII Face Value (₹) 10.00 52 week High-Low (₹) 313.00 – 252.10 Sh
Slide 44: Thank you
Basilic Fly Studio Limited Tower A, KRC Commerzone, Thank you Mount Poonamalle Road, Porur Na, Chennai- 600 116. E-mail: cs@basilicfly.com Phone: 044-61727700 Website: www.basilicflystudio.com Kirin Advisors 713-B, Lodha Supremus II, Wagle Estate, Thane (W) – 400 604. Phone: +91 022 4100 2455 Websit