Sky Network Television Ltd · NZX:SKT
Sky Network Television — FY2014 Earnings Presentation
44 slides from Sky Network Television's earnings presentation, Aug 22, 2014
Slide 1: Sky Annual Results 2014
For personal use only we SKY ANNUAL RESULTS 2014 COME WITH US
Slide 2: For personal use only
For personal use only
Slide 3: Subscriber numbers
For personal use only June 2013 June 2014 % Change DBS (Satellite) Domestic 234.6 210.4 (10.3%) DBS MY SKY 456.4 504.7 10.6% DBS Wholesale 131.6 111.4 (15.3%) Commercial & Other 33.3 38.6 15.9% TOTAL SUBSCRIBERS 855.9 865.1 1.1% |
Slide 4: For personal use only
For personal use only UHF Std SKY Wholesale SKY mySKY Other |
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30 Thousands For personal use only 25 20 2010 15 2011 2012 10 2013 2014 5 0 5 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun |
Slide 6: Products
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Slide 7: For personal use only
HD Access Ticket For personal use only 3 Millions 2.9 2.8 2.7 2.6 2.5 2.4 2.3 2011 2012 2013 2014 |
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$80.00 For personal use only $77.52 $75.83 $75.00 $71.93 $70.45 $70.00 $67.61 $65.00 $64.00 $62.10 $60.00 $55.00 $50.00 2008 2009 2010 2011 2012 2013 2014 |
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Slide 10: For personal use only
For personal use only 15.00% 20.00% 25.00% 30.00% 35.00% 10.00% 0.00% 5.00% | Jun-98 Nov-98 Apr-99 Sep-99 Feb-00 Jul-00 Dec-00 May-01 Oct-01 Mar-02 Aug-02 Jan-03 Jun-03 Nov-03 Apr-04 Sep-04 Feb-05 Jul-05 Dec-05 May-06 Oct-06 Mar-07 Aug-07 Jan-08 Jun-08 Nov-08 Apr-09 Sep-09 Feb-10 Jul-10 Dec-10 May-1
Slide 11: For personal use only
Jun-14 May-14 Apr-14 Mar-14 SKY Feb-14 Jan-14 Dec-13 MYSKY Nov-13 Oct-13 Sep-13 Aug-13 Jul-13 1.8% 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% Jun 2014 May Apr Mar 2013 Feb Jan Dec 2012 Nov Oct Sep 2011 Aug | Jul 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.9% 0.8% For personal use only
Slide 12: Financial Graphs
> FINANCIAL GRAPHS esn [euosied 10}
Slide 13: For personal use only
For personal use only 1000 Millions 885 909 900 843 797 800 742 692 700 659 619 600 500 400 300 200 100 0 2007 2008 2009 2010 2011 2012 2013 2014 |
Slide 14: For personal use only
For personal use only Millions 80.0 70.0 60.0 23.3 26.4 27.2 23.0 26.5 50.0 23.7 21.8 20.8 40.0 30.0 20.0 41.0 40.0 43.9 41.6 43.3 35.9 39.0 32.9 10.0 - 2007 2008 2009 2010 2011 2012 2013 2014 Sky Prime |
Slide 15: For personal use only
For personal use only 10% 15% 0% 5% -20% -15% -10% -5% Jun 08 Qtr Sep 08 Qtr | Dec 08 Qtr Mar 09 Qtr Jun 09 Qtr Sep 09 Qtr Dec 09 Qtr Mar 10 Qtr Jun 10 Qtr Sep 10 Qtr Dec 10 Qtr Mar 11 Qtr Jun 11 Qtr Sep 11 Qtr Dec 11 Qtr Mar 12 Qtr Jun 12 Qtr Sept 12 Qtr Dec 12 Qtr Mar 13 Qtr Jun 13 Qtr Sept 13 Qtr
Slide 16: For personal use only
For personal use only 32% 33% 30% 33% 33% 33% 32% 32% 31% 32% 28% 26% 24% 22% 20% 2007 2008 2009 2010 2011 2012 2013 2014 |
Slide 17: For personal use only
For personal use only 400.0 Millions 379.0 353.1 350.0 336.0 321.7 300.0 287.5 266.6 261.0 249.4 250.0 200.0 150.0 100.0 50.0 - 2007 2008 2009 2010 2011 2012 2013 2014 |
Slide 18: For personal use only
For personal use only 180.0 Millions 165.8 160.0 137.2 140.0 120.3 123.7 120.0 103.0 97.7 100.0 88.1 77.9 80.0 60.0 40.0 20.0 - 2007 2008 2009 2010 2011 2012 2013 2014 |
Slide 19: Financial Detail
> FINANCIAL DETAIL USE For personal
Slide 20: Income statement
For personal use only 2013 2014 % Change Revenue 885.0 909.0 2.7% Operating Expenses 531.9 530.0 (0.4%) EBITDA 353.1 379.0 7.3% Depn & Amort 134.3 126.1 (6.1%) EBIT 218.9 252.9 15.5% Interest 29.9 28.4 (5.0%) Tax 56.8 63.1 11.1% Non-Controlling Interest -5.0 -4.4 (12%) NET PROFIT after TAX 137.2 165
Slide 21: Revenue breakdown
For personal use only 2013 2014 % Change Residential Satellite 726.3 744.9 2.6% subscriptions Other subscriptions 62.0 64.5 4.0% Installation 9.5 8.2 (14%) Advertising 68.0 70.5 3.7% Other Income 19.2 20.9 0.9% TOTAL REVENUE 885.0 909.0 2.7% |
Slide 22: Expense breakdown
For personal use only 2013 2014 % Change Programming 289.3 280.0 (3.2%) Subscriber management 62.7 66.6 6.2% Sales and marketing 38.8 38.1 (1.8%) Advertising 20.8 21.8 4.8% Broadcasting and 88.3 88.5 0% infrastructure Depreciation and amortisation 134.3 126.1 (6.1%) Corporate 31.9 35.0 9.7% TOTAL EX
Slide 23: Capital expenditure
For personal use only 2013 2014 % Change Install 40.2 36.9 (8.2%) Decoders 22.9 20.6 (10.0%) Building Improvements 1.4 0.5 (64.3%) Igloo 2.6 0.5 (80.8%) Other 15.3 34.5 125.5% TOTAL CAPITAL 82.4 93.2 12.9% EXPENSE |
Slide 24: Cash flow
For personal use only 2013 2014 % Change Operating Cashflow 290.6 305.3 5.1% Capex -82.3 -93.0 13.0% Net debt drawn/(repaid) 14.0 -92.0 (757.1%) Dividends -225.1 -112.8 (49.9%) Other -4.4 -8.3 88.6% NET CASH MOVEMENT -7.2 -0.8 6.4% |
Slide 25: Debt facilities
For personal use only FACILITY DRAWN MARGIN MATURITY Bank Debt $200m $80m 160bp Jul 2019 Bond - A $200m $200m 65bp Oct 2016 Fixed rate at Bond - B $100m $100m Mar 2021 6.25% |
Slide 26: Foreign exchange hedging
For personal use only For USD exposures 91% hedged for 30 June 2015 @ 0.8014 51% hedged for June 2016 year @ 0.8026 4% hedged for June 2017 year @ 0.7486 For AUD exposures 93% hedged for 30 June 2015 @ 0.8658 41% hedged for 30 June 2016 @ 0.8852 Average $US payment rate for Opex for the year to June
Slide 27: Dividends
For personal use only The Board has declared a fully imputed final dividend of 15.0 cps ($58.4m) to be paid and a supplementary dividend of 2.6471 to be paid to non-residents. Record date is 5 September 2014. Payment date is 12 September 2014. 2014 2013 2012 2011 2010 2009 2008 Interim 14.0 12.0 11.
Slide 28: Sky Highlights
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Slide 29: For personal use only
For personal use only |
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For personal use only 2014 YTD 2010 YTD
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1 SILVER, AND ALOT OF EFFORT. SO PROUD OF OUR SKY NEXT ATHLETES.
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For personal use only
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Slide 42: Movies & TV Shows
For personal use only Movies & TV Shows • Movies – Recent release, modern library & classics • TV Shows – Premium & Exclusive content; Quality back catalogue and box sets for binge viewing. April 2014
Slide 43: For personal use only
The Bourne Legacy () An original story that introduces us to a new hero whose life-or-death stakes have been triggered by the events of the first three films. The Lord of the Scott Pilgrim vs the Madagascar 3: Rings: The Return of World M) SKY Movies Europes Most the King (M) SKY Movies 2 Wanted (M)
Slide 44: Sky Annual Results 2014
For personal use only 4 SKY ANNUAL RESULTS ? 2014 COME WITH US a
Sky Network Television — FY2014 Earnings Presentation on 6ix