Slide 1: NSE filing cover letter for investor presentation
June 13, 2024 Ref: DSL/20/2024-25/NSE To, The Manager, National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 NSE Symbol: DIGIKORE ISIN: INE0QJ901011 Subject: Investor Presentation under Regulation 30 read with Para A of Part A of Schedule III of
Slide 2: H2 FY24 Investor Presentation
Visual Effects for Film | Streaming | Television | Commercials H2 FY24 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the ‘Presentation’), which have been prepared by Digikore Studios Limited (Digikore , The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri be for any securities, and
Slide 4: H2 FY24 Financial & Operational Highlights
H2 FY24 Financial & Operational Highlights
Slide 5: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars H2 FY24 H1 FY24 Net Sales 22.44 24.77 Other Income 2.19 0.02 Total Income 24.63 24.79 Expenditure 18.75 15.38 EBIDTA 5.87 9.41 EBIDTA Margin (%) 26.18 37.97 Interest 0.56 0.77 Depreciation 0.81 0.37 PBT 4.51 8.27 TAX Expense (Including Deferred Tax) 1.22 2
Slide 6: FY24 Notable Project Highlights
FY24 Notable Project Highlights Investor Presentation 5
Slide 7: Revolutionizing Filmmaking: Introducing Digikore's www.vpsets.com
Revolutionizing Filmmaking: Introducing Digikore’s www.vpsets.com • Offers a cloud-based Marketplace of Virtual Production Sets • Democratizes production of content, allowing filmmakers with small to medium budgets to create high-quality content • Tailored for filmmakers and content creators with va
Slide 8: Company Overview
Company Overview
Slide 9: Digikore Studios @ A Glance
Digikore Studios @ A Glance 23 + Founded on July 25, 2000, Digikore Studios FY24 Limited (Digikore, The Company) is a Revenues - ₹ 49.42 Cr Years in the International Media leading VFX hub based in India. EBITDA - ₹ 15.28 Cr Industry Net Profit - ₹ 9.53 Cr Specializing in Visual Effects for Films, W
Slide 10: Unmatched Excellence – USP
Unmatched Excellence – USP Approved Partner TPN Certified Excellent Team in Place Projects Delivered Content Production Approved for projects by TPN is an audits certificate, Over 350+ of talent pool, Key Worked on Films, Series, The hyper growth in OTT Disney / Marvel, Netflix, that the facility ha
Slide 11: A Timeline Of Digikore Studios
A Timeline Of Digikore Studios Digikore forays into Digikore becomes a TPN Coloring of Comics Listed on the NSE SME audited, Netflix and Amazon platform in October Digikore Studios approved VFX studio Private Limited 2023, with its IPO incorporated in subscription reaching Digikore forays into VFX f
Slide 12: Importance Of Visual Effects
Importance Of Visual Effects Visual Effects is an absolutely critical component of all filmed entertainment and often plays a substantial role in the over reception and perception of a project. Nearly every film, tv show, streaming content and tv commercial produced today includes a significant port
Slide 13: Embracing Creativity: A Glimpse into Digikore Studios' Inspiring Workspaces
Embracing Creativity: A Glimpse into Digikore Studios' Inspiring Workspaces Pune Office Office Area No Of Employees 19,500 Sq Ft 350+ Step into the heart of Digikore Studios, where our meticulously designed workspaces fuel creativity and collaboration. From dynamic communal zones to innovative works
Slide 14: Trusted By Industry Icons
Trusted By Industry Icons Investor Presentation 13
Slide 15: Voices Of Approval: Client Testimonials
Voices Of Approval: Client Testimonials Craig Mumma Karen Goulekas Robert Lau VFX Supervisor – Stranger Things, The Last Ship, The VFX Supervisor - Looper, The Green Lantern, Department Manager (Roto/Paint) Amazing Spider-Man 2, Edge, Deep Blue Sea Spiderman, The 5th Element, Apollo 13 Zoic Studios
Slide 16: Business Overview
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Slide 17: Delivering Value Through Services
Delivering Value Through Services Rotoscopy is a crucial technique in VFX, tracing liveaction frames to create precise mattes, separating foreground from Rotoscopy background, and allowing selective enhancements. It also creates detailed animations and matches virtual camera/object movement to live
Slide 18: Delivering Value Through Services
Delivering Value Through Services Driving composites combine live-action footage and computer-generated elements to create authentic driving scenes, Driving Comps used in film and television for simulating vehicular movement and post-production VFX enhancement for a genuine on- location feel. Day-to
Slide 19: Key VFX Techniques & Technologies Used By Our Company
Key VFX Techniques & Technologies Used By Our Company Autodesk Maya Nuke 3D Equalizer Silhouette Blender Autodesk Maya is a popular 3D Nuke is a popular compositing 3D Equalizer is a top-tier VFX Boris FX's Silhouette software Blender is an open-source 3D application used for creating software used
Slide 20: Key VFX Techniques & Technologies Used By Our Company
Key VFX Techniques & Technologies Used By Our Company Cloud Platforms Arch Deadline For Rendering Adobe Aspera Unreal engine The cloud-based solution aids in Think box Software's Deadline is Adobe software, including After IBM Aspera is a high-speed file Unreal Engine is a key tool in architectural
Slide 21: Global Foot Print
Global Foot Print Canada Norway UK Denmark Netherlands USA Germany France Spain Italy South Korea India Singapore Australia New Zealand Investor Presentation 20
Slide 22: Digikore's Portfolio Of Popular Films & Series
Digikore’s Portfolio Of Popular Films & Series Visual Effects for Film | Streaming | Television | Commercials Investor Presentation 21
Slide 23: Management Overview
Management Overview
Slide 24: Driving Our Mission: Board Leadership
Driving Our Mission: Board Leadership Mr. Abhishek More Mr. Rameshkumar More Mr. Aqueel Mehboob Merchant Ms. Megha Virendra Raval Managing Director Non-Executive Director Additional Independent Director Additional Independent Director With 23+ years in film and TV content With over 50 years of entre
Slide 25: Driving Force: Core Team Overview
Driving Force: Core Team Overview Mr. Abhishek More Mr. Mohit Salunkhe Mr. Ravindra Tamhankar Mr. Chetan Rahate Founder and CEO VFX Producer VFX Producer CG Supervisor Proven leader with 23+ years of experience Worked on VFX for 100+ Hollywood and Over 15 years of experience in the VFX Chetan has wo
Slide 26: Driving Force: Core Team Overview
Driving Force: Core Team Overview Mr. Jason Sperling Mr. David Crawford Ms. Marina Abramyan Creative Director And VFX Supervisor Head of Montreal Studio VFX Executive Producer Seasoned veteran in the VFX industry with over two With three decades of VFX industry experience, David With 17 years in the
Slide 27: Driving Our Mission: Board Leadership
Driving Our Mission: Board Leadership Mr. Shrinivas Lakhichand Behede Mrs. Heny Pahuja Mr. Nitin Bhartia Chief Financial Officer Company Secretary & Compliance Officer General Manager With over 20 years of experience, he is adept in With over 7 years of experience, she holds a commerce A 36-year-old
Slide 28: Industry Overview
Industry Overview
Slide 29: Navigating the Winds of Change: Resilience and Innovation in the VFX Industry
Navigating the Winds of Change: Resilience and Innovation in the VFX Industry o Despite economic uncertainties, the VFX/animation industry maintains momentum with technological advancements. o The emergence of streaming platforms and a post-pandemic content boom intensified competition for content.
Slide 30: Industry Growth Drivers
Industry Growth Drivers The segment is expected to grow at a CAGR of 17.5% by 2026 to reach INR185 billion o US industry strikes caused global disruptions, delaying 48 films and 46 TV shows worldwide, impacting India's outsourcing. o OTT platforms' cost management affected VFX segment performance, w
Slide 31: Factors Driving Growth In The Global VFX Industry
Factors Driving Growth In The Global VFX Industry o The global visual effects (VFX) market soared to US$ 10.0 Billion in 2023, underscoring its significant economic footprint. o IMARC Group's projection anticipates robust expansion, forecasting the market to surge to US$ 18 Billion by 2032, with a n
Slide 32: Streaming Surge: Fueling the Explosive Growth of the VFX Market
Streaming Surge: Fueling the Explosive Growth of the VFX Market The VFX market is growing exponentially driven by the growth in content production by streaming services. There is an abundance of major over- the-top (streaming) platforms vying for the same attention spans. The result will be upwards
Slide 33: Financial Overview
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Slide 34: Key Financial Highlights
Key Financial Highlights (In ₹) (In ₹) (In %) Total Income EBITDA Net Profit EBITDA % Net Profit % 32.36 15.28 49.42 36.92 20.19 18.97 9.53 24.88 7.00 10.54 9.49 3.89 2.36 1.87 0.47 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 33
Slide 35: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY22 FY23 FY24 Net Sales 24.88 35.81 47.21 Other Income 0.00 1.12 2.21 Total Income 24.88 36.92 49.42 Expenses Employee Cost 5.39 11.65 12.01 Other Expenses 17.13 18.27 22.13 Total Expenditure 22.52 29.92 34.14 EBIDTA 2.36 7.00 15.28 EBIDTA Margin (%) 9.49
Slide 36: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY22 FY23 FY24 Assets FY22 FY23 FY24 Equity 1.18 1.18 6.33 Non Current Assets Reserves 0.35 4.24 35.64 Fixed Assets 2.75 4.82 11.39 Net Worth 1.53 5.43 41.97 Minority Interest Non Current Investment 1.44 1.44 5.10 Non current Liabilities Long Term Loans &
Slide 37: Cash Flow Statement
Cash Flow Statement In ₹ Cr Particulars FY22 FY23 FY24 Cash From Operation 4.17 1.37 -12.94 Cash From Investments -2.29 -3.10 -11.33 Cash From Financing -1.89 1.87 24.96 Net Cash Flow -0.01 0.14 0.69 Opening Cash Balance 0.03 0.01 0.01 Closing Cash Balance 0.01 0.15 0.70 Investor Presentation 36
Slide 38: Key Ratios
Key Ratios ROE (In %) ROCE (In %) 71.72 49.96 25.94 27.48 30.32 22.71 FY22 FY23 FY24 FY22 FY23 FY24 EPS (In ₹) Book Value (In ₹) 18.22 19.04 66.28 3.93 8.57 2.42 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 37
Slide 39: Key Ratios
Key Ratios (In Times) (In Times) Fixed Asset Turnover Ratio Interest Coverage Ratio 9.04 10.64 7.44 8.28 4.14 3.62 FY22 FY23 FY24 FY22 FY23 FY24 Debt to Equity (In Times) Current Ratio (In Times) 2.28 5.38 1.12 0.87 0.21 0.45 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 38
Slide 40: Revenue Distribution
Revenue Distribution FY22 FY23 FY24 16% 20% North America North America North America 41.82% 45% 46.47% Europe 15% Europe Europe ROW ROW ROW 69% 35% 11.59% North America Europe Australia & New Zealand ROW Top 10 Client Top 5 Client 75% 88% 62% 62% 45% 42% FY22 FY23 FY24 FY22 FY23 FY24 Investor Prese
Slide 41: Other Key Matrix
Other Key Matrix Client Matrix For FY24 of Total Client Repeat Client Compared to Previous Year Age of Client No. of Repeat Client FY22 FY23 FY24 3 Years 16 2 Years 10 24 34 26 0-1 Years 85 Manpower Matrix FY22 FY23 FY24 Head Count 192 380+ 355+ Avg. Revenue Per Head (INR Mn) 1.41 0.86 1.27 Total Ma
Slide 42: Stock Data
Stock Data As on 10-06-2024 As on 31-03-2024 NSE: DIGIKORE Shareholding Pattern Share Price ₹ 387.80 Market Capitalization ₹ Cr 245.59 33.45 No. of Share Outstanding 63,32,800 66.54 Face Value ₹ 10.00 52 week High-Low (₹) 666.00 - 255.90 Promoter & Promoter Group Public Share Performance From 4th Oc
Slide 43: The Way Forward
The Way Forward
Slide 44: Beyond Horizons: Crafting Our Future Growth Path
Beyond Horizons: Crafting Our Future Growth Path The fund raise will help us setup a VFX production facility in North America which will help us achieve a revenue of over US$ 25 million in VFX by 2026. Due to the rising internet penetration, over- the-top (OTT) media services, such as Amazon Prime V
Slide 45: Beyond Borders: Our Strategic Business Roadmap for Canada
Beyond Borders: Our Strategic Business Roadmap for Canada $50 billion Average Approximate Average VFX worth of Production number of spend on a Television and budget of a Series / 10 episode Streaming 10 episodes Seasons series content series estimated to be estimated at production in (season) is pro
Slide 46: Thank You
Thank You Digikore Studios Limited Kirin Advisors Private Limited 410/2, 713-B, Lodha Supremus II, Mumbai – Pune Road, Dapodi, Wagle Estate, Pune – 411012, India Thane West – 400 604 E-mail: cs@digikore.com E-mail: info@kirinadvisors.com Phone: 020 3555 3555 Phone: 022 4100 2455 Website: www.digikor