Onmobile Global Limited · NSE:ONMOBILE
Onmobile Global — Q4 FY2020 Earnings Presentation
26 slides from Onmobile Global's earnings presentation, Jun 22, 2020
Slide 1: Exchange filing cover letter
onmobile ON MOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 560100, Karnataka, India P: +91 80 4009 6000 IF: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - investors@onmobile.com www.onmobile.com June 22, 20
Slide 2: Investor presentation June 2020
Investor presentation June 2020
Slide 3: Cautionary statement
Cautionary statement This presentation may contain statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to OnMobile Global Limited’s (OnMobile Global or the Company) f
Slide 4: Agenda
Agenda • History and milestones • Product portfolio • Strategy FY20 • Financials Q4 and FY20 Proprietary & Confidential 3
Slide 5: The Global Leader in Mobile Entertainment
The Global Leader in Mobile Entertainment
Slide 6: Global presence
Global presence 1.68 BILLION CONSUMER REACH 81 CUSTOMERS ACROSS THE GLOBE 900 MILLION DIGITAL REACH 100+ MILLION MONTHLY ACTIVE USERS ACROSS ALL PRODUCTS 10+ MILLION APP INSTALLS Proprietary & Confidential 5
Slide 7: History and milestones
History and milestones Voluntary open offer Name changed to by Promoter, No of OnMobile Global Shares:11,900,000. Limited 1:1 Bonus Issue Amount Spent: Rs of shares 476 Mn, Price: Rs Acquisition of Vox 40/- Promoter OnMobile Mobili, France Buyback of takes active Global Amount: Rs 1,431 Purchase of
Slide 8: Investor Highlights
Investor Highlights • Global Reach • Dominating market share in Tones business • Investment in growth products • Emerging turnaround story • Big Investments and focus on cloud and social gaming • Solid cash position • Healthy cash flow from operations • Debt free • High dividend yield Proprietary &
Slide 9: Suite of products
Suite of products Proprietary & Confidential 8
Slide 10: Strategy FY20
Strategy FY20 • Grow Videos • Expand Games • Leverage Tones • Digitize contests • Beyond operator wallet Proprietary & Confidential 9
Slide 11: Financials
Financials 10
Slide 12: Q4 FY2020 Key Highlights
Q4 FY2020 Key Highlights Revenue: Revenue remains stable despite Covid-19 outbreak impacting global economy. Manpower cost: Our rationalization efforts continue to yield savings with a 9.2% reduction QoQ in manpower costs with an exit headcount of 702. EBITDA: Increase by 8.4% from INR 110.7 Mn in Q
Slide 13: P&L Q4 FY2020 (QoQ)
P&L Q4 FY2020 (QoQ) P&L(INR Mn) Q4 FY20 Q3 FY20 % Growth Gross Revenue 1,517 1,488 1.9% Less Customer acquisition cost as per the new contract (57) (57) 0.4% Net Revenue 1,460 1,432 2.0% Content 697 636 9.6% Other COGS 52 58 -11.4% Gross Profit 712 737 -3.5% Margin (%) 48.7% 51.5% Manpower Cost 362
Slide 14: P&L Q4 FY2020 (YoY)
P&L Q4 FY2020 (YoY) P&L(INR Mn) Q4 FY20 Q4 FY19 % Growth Gross Revenue 1,517 1,433 5.9% Less Customer acquisition cost as per the new contract (57) (32) 78.8% Net Revenue 1,460 1,401 4.2% Content 697 589 18.4% Other COGS 52 74 -29.8% Gross Profit 712 739 -3.7% Margin (%) 48.7% 52.7% Manpower Cost 36
Slide 15: P&L FY2020
P&L FY2020 P&L(INR Mn) FY20 FY19 % Growth Gross Revenue 5,884 5,939 -0.9% Less Customer acquisition cost as per the new contract (160) (127) 25.4% Net Revenue 5,724 5,812 -1.5% Content 2,547 2,442 4.3% Other COGS 236 277 -14.8% Gross Profit 2,941 3,092 -4.9% Margin (%) 51.4% 53.2% Manpower Cost 1,57
Slide 16: Balance sheet
Balance sheet As at As at As at INR Mn Mar 31st, 2020 Dec 31st, 2019 Mar 31st, 2019 Shareholders’ Funds 5,900 5,635 5658 Non-Current Liabilities 229 80 39 Trade Payables 2,242 2,111 2117 Current Liabilities 486 998 912 Total Liabilities 8,857 8,825 8726 Fixed Assets 354 352 437 Goodwill 534 783 763
Slide 17: P&L (Excluding Games & LatAm - YoY)
P&L (Excluding Games & LatAm- YoY) P&L(INR Mn) FY20 FY19 % Growth Net Revenues 5,724 5,812 -1.5% EBITDA 409 230 77.6% Add back: Gaming EBITDA (Loss) (125) (92) 35.4% Add back: Latam EBITDA (Loss) (117) (180) -35.0% Profit from Operations 651 503 29.5% EBITDA Margin (%)* 13.2% 10.4% * EBITDA Margin %
Slide 18: India tax one time adjustments FY'20
India tax one time adjustments FY’20 Sr. Tax Impact Particulars (in Million No INR) One-time adjustments 1 Tax impact on re-statement of opening deferred tax asset owing to revision in corporate tax rate from 34.94% to 29.12% 42.18 2 Tax impact on disallowance of provision for impairment in equity 1
Slide 19: Revenue by geography – FY20 vs FY19
Revenue by geography – FY 20 vs FY 19 FY‘20 FY‘19 India India 17% 17% ME&A Europe ME&A 16% 59% 16% Europe 57% Asia 5% Asia 5% Proprietary & Confidential 18
Slide 20: Revenue by products – FY20 vs FY19
Revenue by products – FY 20 vs FY 19 FY‘20 FY‘19 INR Mn Infotainment Infotainment Games 4% Games 5% 11% 264 Tones 11% 320 646 Tones 37% 672 2,186 39% 2,280 Videos 44% Videos Contest 40% Contest 2,557 4% 2,386 5% 231 281 Proprietary & Confidential 19
Slide 21: Cash position
Cash position INR Mn Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Gross Cash 3,169 3,486 2,672 2,723 2,510 2,344 2,525 2,745 Less: Total Debt - - - - - - - - Net Cash 3,169 3,486 2,672 2,723 2,510 2,344 2,525 2,745 Net Cash decreased by INR Dividend 814 Mn in Q3 FY 19 payout for d
Slide 22: Cash flow FY'20
Cash flow FY’20 Particulars Q4 FY‘20 FY 19-20 Opening Cash balance 2,525 2,723 Net Cash generated from operating activities (Post tax) 223 176 Net cash from investing activities (16) 44 Net cash from Financing activities (10) (241) Fx Impact on Cash balances 23 43 Net Increase/(Decrease) in cash/cas
Slide 23: Ratio Analysis – Financial Performance
Ratio Analysis – Financial Performance Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Ratio Analysis FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 Profit and Loss Export revenue / revenue 78% 81% 83% 84% 83% 84% 85% 84% 84% Gross profit / revenue 54% 55% 54% 54% 54% 53% 52% 52% 49% Aggregate employee costs / 29% 31% 28%
Slide 24: Dividend & buyback history
Dividend & buyback history (INR Mn) Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Dividend Payout ( Incl. Tax) 197 195 188 190 191 159 Dividend % 15% 15% 15% 15% 15% 15% Buyback (shares in Mn) 5.8 - 5.6 - - - Buyback amount utilized 442 - 538 - - - Pursuant to the resolution passed by Board of Directors
Slide 25: Onmobile vs Nifty 50 Share Price Movement
Onmobile vs Nifty 50 Share Price Movement Stock Price As on 19th Jun 2020 Proprietary & Confidential 24
Slide 26: investors@onmobile.com
For any queries mail us at: investors@onmobile.com 25