Zee Entertainment Enterprises Limited · NSE:ZEEL
Zee Entertainment Enterprises — Q4 FY24 Earnings Presentation
16 slides from Zee Entertainment Enterprises's earnings presentation, May 17, 2024
Slide 1: Earnings Update for Q4 FY24
Earnings Update for Q4 FY24 Zee Entertainment Enterprises Limited – 17 May 2024
Slide 2: Disclaimer
Disclaimer 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
Slide 3: Key Performance Highlights
Key Performance Highlights Delivering growth coupled with effective cost management Healthy Balance sheet and cash generation 6.8% 10.5% Rs 11.9Bn Rs 1.0 Cash and Cash Equivalent Dividend (per share) announced FY24 Operating Revenue growth FY24 EBITDA Margin as of Mar’24 by the Board of Directors Li
Slide 4: Business Performance
Extraordinary Together
Slide 5: Domestic Linear: TV Landscape Continues to Remain Healthy; FY24 Network Market Share Up 30 bps YoY
Domestic Linear: TV Landscape Continues to Remain Healthy; FY24 Network Market Share Up 30 bps YoY TV Reach and Impressions ZEE Network Share Network share 17.1% impacted by 17.9% Cricket Weekly Reach (mn) Weekly Impressions (bn) 17.0% 17.3% 17.0% 16.8% 16.5% 16.5% 16.5% 16.8% 30.3 29.3 757 27.9 750
Slide 6: ZEE5: Steady Growth Momentum Continues
ZEE5: Steady Growth Momentum Continues Q4 FY24 Highlights FY24 revenues up 24% YoY Total Revenue (Rs Mn) Q4 FY24 revenues up 8% YoY ➢ 16 shows and movies released during the quarter 9,195 2,652 Q4 FY24 Impact Releases 2,232 2,200 2,372 7,411 1,939 1,943 1,597 1,671 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 FY23 FY24
Slide 7: ZEE Studio: Hindi and Other Language Movies Released During Q4 FY24
ZEE Studio: 1 Hindi and 1 Other Language Movies Released During Q4 FY24 Other Hindi Language Movies Movies Distributed by Produced by ZEE Studio ZEE Studio 7
Slide 8: Zee Music Company (ZMC): 2nd Largest Music Label with ~149 Mn Subscribers on YouTube
Zee Music Company (ZMC) 2nd Largest Music Label with ~149 Mn Subscribers on YouTube Q4 FY24 Key Catalogue Additions All ZMC YouTube Channels Video Views & Subscribers Count 165 119 66 149 134 117 FY22 FY23 FY24 Total Subs count (Mn) Total Video Views during the Quarter (Bn) Zee Music company added 1
Slide 9: FY24 & Q4 FY24 Financial Performance
FY24 & Q4 FY24 Financial Performance 9
Slide 10: FY24 Revenue Growth of 6.8% Driven by Subscription Revenue and Other Sales & Services
FY24 Revenue Growth of 6.8% Driven by Subscription Revenue and Other Sales & Services, EBITDA Margin Impacted by Investments in Content & Technology (INR Million) FY23 FY24 YoY Operating Revenue Breakup (Rs Mn) Operating Revenue 80,879 86,372 6.8% YoY 0% 10% 32% Expenditure -69,868 -77,301 10.6% EBI
Slide 11: Q4 FY24 Growth in Ad Revenue led by FMCG; EBITDA Margin aided by Effective Cost Management
Q4 FY24 Growth in Ad Revenue led by FMCG; EBITDA Margin aided by Effective Cost Management & Operating Leverage (INR Million) Q4 FY23 Q3 FY24 Q4 FY24 QoQ YoY Operating Revenue Breakup (Rs Mn) QoQ 8% 3% 14% Operating Revenue 21,121 20,457 21,699 6.1% 2.7% YoY 10% 12% 57% Expenditure -19,604 -18,365 -
Slide 12: Q4 FY24: Improving Advertising Environment
Q4 FY24: Improving Advertising Environment Advertising ➢ Domestic advertising revenue for the quarter grew by 10.6% YoY driven by the continued recovery in macro advertising revenues environment and spending pickup by FMCG clients Subscription ➢ Subscription revenue growth driven by pick up in Linea
Slide 13: Condensed Balance Sheet
Condensed Balance Sheet Assets (Rs. Mn) Mar'23 Mar’24 Liabilities (Rs. Mn) Mar'23 Mar’24 Non-Current Assets Equity Capital 1,07,219 1,08,729 Fixed assets 13,789 12,136 Non-Current Liabilities Investments 349 390 Lease Liab/Other borrowings 2,167 1,622 Other financial assets 589 603 Provisions 1,362
Slide 14: Content Inventory, Advances and Deposits Declined in FY24 Driven by Optimised Acquisition and Movie releases
Content Inventory, Advances and Deposits Declined in FY24 Driven by Optimised Acquisition and Movie releases Rs 64.1 Bn Rs 62.7 Bn Rs 72.5 Bn Rs 79.6 Bn Rs 74.2 Bn Decreased by Rs 5.4 Bn during FY24 8% 7% 14% 12% 17% 13% 16% Content Advances & 9% 11% 7% Deposits 14% 13% 14% 14% 14% Movies Production
Slide 15: ZEEL Revenue Growth & Profitability Outlook
ZEEL Revenue Growth & Profitability Outlook Significant work already underway to implement identified margin improvement interventions across the business. Based on these efforts, our visibility and confidence on performance enhancement plan has further improved. Q1 FY25 • Will see most of one-time
Slide 16: Extraordinary Together
3 Extraordinary Together
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