Basilic Fly Studio Ltd. · NSE:BASILIC
Basilic Fly Studio — H2 FY2025 Earnings Presentation
42 slides from Basilic Fly Studio's earnings presentation, Jun 1, 2025
Slide 1: Stock exchange cover letter for investor presentation
June 01, 2025 Ref: NSE/123/2025-26 To, The Manager Lis ng Department, Na onal Stock Exchange of India Ltd. Exchange Plaza, Plot No. C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: BASILIC ISIN: INE0OCC01013 Sub: In ma on under Regula on 30 of the SEBI (Lis ng Obliga ons a
Slide 2: H2 FY25 Investor Presentation
H2 FY25 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 shall
Slide 4: Contents
04 About BFS, Key Achievements & FY 25-26 Strategy 16 VFX Industry Outlook & Boosters from Govt. 22 Consolidated Financials 30 Standalone Financials 35 Leadership Team Investor Presentation 3
Slide 5: From a Spark in Chennai to a Global Powerhouse
From a Spark in Chennai to a Global Powerhouse Transforming Imagination Into Reality London based Studio India based One of Us (OOU)- Basilic Started 2013 Became one entity Jul 2024 Mar’25 workforce- 450 Started 2004 Mar’25 workforce- 350 Projects Web Series Commercials Clients Movies 11,300 + 2,100
Slide 6: Evolution / Journey of Basilic Fly Studio
Evolution / Journey of Basilic Fly Studio- From Start-up to A Global VFX Co Laying the Foundations Turning Point IPO Breakthrough Started with a core team of 6 VFX Successfully navigated the Listed on NSE Emerge with a professionals led by Mr. COVID-19 crisis while scaling from ₹66 Cr IPO, oversubsc
Slide 7: Corporate Structure & Global Presence
Basilic Fly Studio: Corporate Structure & Global Presence Global Presence- Corporate Structure London, France, Canada, Chennai & Pune Basilic Fly Studio Limited Canada London & (Parent Company — 100% Ownership) France Chennai BFS UK BFS Canada & Pune (Wholly Owned Subsidiary (90.62% held by BFS; – 1
Slide 8: Key achievements FY 24-25 & Strategy for FY 25-26
BFS –Key achievements FY 24-25 & Strategy for FY 25-26 3 Strengthening Global Presence by expansion across Geographies • Targeting regional diversification in: Europe & North America • Expanding delivery capacity for large-scale, high- complexity VFX projects 4 Leadership & Talent Growth 2 Operation
Slide 9: Post-Acquisition Edge: Unlocking Strategic Advantage For BFS
Post-Acquisition Edge: Unlocking Strategic Advantage For BFS Cost Leadership: Time & Capital Efficiency: Technology Leap: • Operating a 20–25 member VFX studio • Replicating similar capabilities • Instant access to cutting-edge AI in London costs ~£4 Mn/year independently would require: tools and VF
Slide 10: Cost Optimization Through Smart Global Integration
Cost Optimization Through Smart Global Integration AWS-Powered Workflow Platform • Real-time tracking & synchronization of file changes across locations • Centralized project management enabling seamless cross-border collaboration Strategic Task Allocation • Tasks assigned to India for cost-effectiv
Slide 11: Tech-Powered Transformation
Tech-Powered Transformation Smart Workflow. Seamless Delivery. Optimized Cloud Tech Seamless Global Scaling for Complex Goal: Efficiency + Integration Operations Deliveries Creativity • Tech integration completion for • Unified platforms enable multi- • Workflows optimized to support Compositing, Ma
Slide 12: Trusted By The World's Leading Studios & Streamers
Trusted By The World’s Leading Studios & Streamers Key Collaborations with Major Film & TV Players Investor Presentation 11
Slide 13: A Proven Track Record Across Movies, Series & Commercials
A Proven Track Record Across Movies, Series & Commercials Completed 1,100+ Movies Projects Completed 2,100+ Series Projects Completed 8,100+ Commercials Investor Presentation 12
Slide 14: Credited Across Global Blockbusters
Credited Across Global Blockbusters Investor Presentation 13
Slide 15: Echo Of Trust - Client Testimonials
Echo Of Trust - Client Testimonials John Mangia Matt Gore VFX Supervisor at marvel studios VFX Producer Superman & Lois We’re putting the final touches on a few shots but hopefully folks appreciate I've worked with Basilic Fly on numerous projects over the years, and their all the love that was put
Slide 16: Accolades: Recognized For Excellence
Accolades : Recognized For Excellence: Outlook Business Best VFX TV Series Best VFX Shot in TV Best VFX Shot in Feature Film Changemakers of Company Of The Year Spotlight’s – Business (International) Series (International) (International) - Antman modern India - (Creative Media Solution 2022) Excell
Slide 17: Industry Updates- VFX & Media
Industry Updates- VFX & Media Govt incentive Boosters – Across Globe Including India Fueling the Next Visual Revolution Positioned at the Heart of a Booming $48.9 Bn Global VFX Industry. Investor Presentation 16
Slide 18: Global VFX Industry Dynamics & Opportunities
Global VFX Industry Dynamics & Opportunities Global VFX Market Revenue Growth 2021: $26.3 Bn 2028: $48.9 Bn CAGR: 10.9% Key Drivers of Growth Technological Virtual Reality (VR) and Gaming Sector Innovations Augmented Reality (AR): Increased demand for VFX to Enhanced production Increasing adoption e
Slide 19: Industry Growth Drivers
Industry Growth Drivers India’s VFX industry, despite a 9.4% revenue dip in 2024 due to global headwinds, is poised for strong recovery with a 13% CAGR through 2027 Global demand slowdown. Projected to recover at a India is emerging as a global Competitive talent and cost Revival of international CA
Slide 20: France Tax Rebate Incentives For VFX & Film Production
France Tax Rebate Incentives For VFX & Film Production Tax Rebate Amount • 30% of qualifying expenditures incurred in France. Up to 40% if French VFX expenses exceed 2 Mn. Eligible Projects • Fiction films (live action or animation) including feature films, TV shows, web series, VR, short films, TV
Slide 21: Strengthening The UK Film Sector: Tax Reliefs & Strategic Support
Strengthening The UK Film Sector: Tax Reliefs & Strategic Support 40% Tax Relief for Independent Films Increased Visual Effects Relief UK films with budgets up to £15 Mn will The tax credit for visual effects in films and high-end now receive a 40% tax relief under the new TV has been increased by 5
Slide 22: The Rise Of The VFX Industry In India
The Rise Of The VFX Industry In India India's VFX industry is set for rapid growth, driven by advanced technologies, skilled talent, and global partnerships. India's VFX Market • Market Size (2023): Rs. 11,400 Cr (US$ 1.38 Bn) Indian VFX Market Size (US$ Bn) • Visual Effects Revenue: Rs. 5,400 Cr (U
Slide 23: Financials Updates
Financials Updates Unlocking value by cost synergies Prominent domain leader Inorganic Growth- UK Acquisition- One of US Margins- Maintained for Standalone Improved for Foreign subsidiary Robust 3X Revenue Growth
Slide 24: Financial Highlights - Consolidated H2 FY25
Financial Highlights - Consolidated H2 FY25 - ₹ Cr P&L Highlights H2’25 v/s H2‘24 v/s H1 ‘25 H2’25 v/s H2‘24 v/s H1 ‘25 Revenue 228.7 324.6% 195.6% EBITDA 44.0 56.3% 135.4% EBITDA % 19.2% (33.0%) (4.9%) PAT 33.3 88.4% 169.9% PAT % 14.5% (18.2%) (1.4%) Balance Sheet Highlights H2’25 v/s H2‘24 v/s H1
Slide 25: Financial Highlights - Consolidated Full Year FY25
Financial Highlights - Consolidated Full Year FY25 - ₹ Cr P&L Highlights FY’25 FY’24 FY 25 vs FY 24 FY’25 FY’24 FY 25 vs FY 24 Revenue 306.1 105.8 189.3% EBITDA 62.7 52.2 20.1% EBITDA % 20.5% 49.3% (28.9%) PAT 45.6 36.5 24.8% PAT % 14.9% 34.5% (19.6%) Balance Sheet Highlights FY’25 FY’24 FY 25 vs FY
Slide 26: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue Yearly Trend Half Yearly Trend 86.5% CAGR 306.1 228.7 195.6% 189.3% 105.8 77.4 79.1 51.9 53.9 25.3 FY '22 FY '23 FY '24 FY '25 H1 FY '24 H2 FY '24 H1 FY '25 H2 FY '25 EBITDA & EBITDA % Yearly Trend Half Yearly Trend EBITDA % 6.7% 49.1% 49.3% 20.5% EBITDA % 5
Slide 27: Consolidated Financial Highlights
Consolidated Financial Highlights PAT & PAT % Yearly Trend Half Yearly Trend PAT % 3.6% 35.3% 34.5% 14.9% PAT % 36.4% 32.8% 15.9% 14.5% 165.8% CAGR 169.9% 24.8% 33.3 45.6 36.5 27.9 18.9 17.7 12.3 0.9 FY '22 FY '23 FY '24 FY '25 H1 FY '24 H2 FY '24 H1 FY '25 H2 FY '25 OCF- Operating Cash Flow Yearly
Slide 28: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement – Amount in ₹ Cr Half Yearly Full yearly Particulars H2 24-25 H1 24-25 H-o-H Growth (%) H2 23-24 Y-o-Y Growth (%) FY 24-25 FY 23-24 Y-o-Y Growth (%) Revenue From Operations 228.1 76 200.0% 51.1 346.7% 304.1 102.7 196.2% Other Income 0.6 1.3 (52.5%) 2.8 (77.2%) 2
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet (In ₹ Cr) Particulars FY 24-25 FY 23-24 Δ Y-o-Y Share Capital 23.2 23.2 0.0 Reserves and Surplus 179.0 99.9 79.1 Shareholders' Funds 202.2 123.1 79.1 Minority Interest 8.4 0.4 8.0 Long-Term Borrowings 35.7 0.6 35.1 Deferred Tax Liabilities (Net) 2.7 0.0 2.7 Long-Term Provi
Slide 30: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement (In ₹ Cr) Particulars FY 24-25 FY 23-24 Δ Y-o-Y Operating Profit before working capital changes 61.5 49.8 11.8 (Increase)/decrease in Trade Receivables -24 -37.6 13.7 (Increase)/decrease in Short Term Loans & Advances 3.9 -3.9 7.8 (Decrease)/increase in Long-Term Pro
Slide 31: Key Consolidated Ratios
Key Consolidated Ratios ROE* (In %) ROCE* (In %) 88.09 106.51 47.20 40.35 28.03 23.04 FY23 FY24 FY25 FY23 FY24 FY25 (In ₹) (In ₹) EPS Book Value 17.85 87.02 52.99 16.32 16.11 18.63 FY23 FY24 FY25 FY23 FY24 FY25 Investor Presentation *Revised on Average Equity basis 30
Slide 32: Key Consolidated Ratios
Key Consolidated Ratios Fixed Asset Turnover Ratio (In Times) Interest Coverage Ratio (In Times) 53.48 97.77 33.97 49.29 17.01 13.93 FY23 FY24 FY25 FY23 FY24 FY25 (In Times) (In Times) Debt to Equity Current Ratio 8.56 0.25 0.13 3.78 2.42 0.02 FY23 FY24 FY25 FY23 FY24 FY25 Investor Presentation 31
Slide 33: Standalone Revenue- Client concentration
Standalone Revenue- Client concentration FY23 In % FY24 In % FY25 In % 39.30 40.92 43.00 59.08 57.00 60.70 Top 5 Clients Others In ₹ Cr Particulars FY23 FY24 FY25 Top 5 Customers 32.31 58.52 44.63 Other Customers 46.64 44.15 28.92 Total 78.95 102.67 73.55 Investor Presentation 32
Slide 34: Standalone Revenue break-up split by Geographies
Standalone Revenue break-up split by Geographies FY23 FY24 FY25 5% 8% 8% 2% 16% 35% 17% 40% 44% 45% 44% 35% North America Europe Australia & New Zealand Others Investor Presentation 33
Slide 35: 27-Aug-2024 27-May-2025 13-May-2025
1600000 200000 800000 1000000 1400000 0 1800000 2000000 600000 400000 12-Sep-2023 Source – NSE` 19-Sep-2023 26-Sep-2023 Face Value (₹) Share Price (₹) 1200000 298.75 03-Oct-2023 10-Oct-2023 Investor Presentation 17-Oct-2023 24-Oct-2023 52 week High-Low (₹) Stock Data 31-Oct-2023 07-Nov-2023 No. of S
Slide 36: Visionaries at the Helm
Visionaries at the Helm A Leadership Team That Combines Creativity, Strategy, and Global Experience to Drive Unstoppable Growth. Investor Presentation 35
Slide 37: BFS Board Of Directors: Driving Growth & Innovation
BFS Board Of Directors: Driving Growth & Innovation Mr. Balakrishnan Mrs. Yogalakshmi Managing Director & CEO President - Business Strategy, Whole Time Director Experience : 20+ years Experience : 13+ years • Works with the board to define goals, assess industry trends, manage the • Skilled business
Slide 38: OOU Board Of Directors: Driving Growth & Innovation
OOU Board Of Directors: Driving Growth & Innovation Ms. Rachael Penfold CEO and Co-founder London, UK Experience : 30+ years Led the Group’s expansion from niche projects to large-scale productions, establishing One of Us as a trusted industry partner. Drives creative vision and business strategy. M
Slide 39: Meet The Visionaries: Key Managerial Personal
Meet The Visionaries: Key Managerial Personal Mr. Prabhakar Duraiswami Whole Time Director Experience: Over 10 years in project management within the creative industry. Leads Basilic Fly Studio with a focus on efficiency, creativity, and high-quality execution. His leadership ensures seamless projec
Slide 40: Core Team: Driving Innovation & Collaboration
Core Team: Driving Innovation & Collaboration Mr. Amir Shahinsha Mr. Sal Umerji Mr. Anbukumaran D Mr. Manikandan R Mr. Lakshmanan C Head of Studio General Manager UK & Europe Head of Production Associate Head Production of VFX Operations Operations Manager With over 25 years of experience in With 20
Slide 41: Core Team: Driving Innovation & Collaboration
Core Team: Driving Innovation & Collaboration Mr. Tushar Kant Ojha Mr. Dinesh Rokade Ms. Swati Sharma Ms. Jennifer Hargreaves Head of Human Resources Head of IT Company Secretary & Compliance EP/GM Business Development Officer North America Bringing 24 years of expertise in HR operations and An expe
Slide 42: Thank You
Thank You Basilic Fly Studio Limited Kirin Advisors Tower A, KRC Commerzone, Mount Poonamalle Road, Porur Na, 713-B, Lodha Supremus II, Wagle Estate, Chennai- 600 116 Thane (W) – 400 604 E-mail: cs@basilicfly.com E-mail: info@kirinadvisors.com Phone: 044-61727700 Phone: +91 022 4100 2455 Website: ww