Saregama India Limited · NSE:SAREGAMA
Saregama India — Q3 FY20 Earnings Presentation
31 slides from Saregama India's earnings presentation, Jan 31, 2020
Slide 1: Growing Legacies – Investor Presentation cover letter
2% Rp-sanjiv Goenka ini: “9K Group A Growing Legacies January 31, 2020 The Manager, The Listing Department The Calcutta Stock Listing Department, BSE Limited, Exchange Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, 7, Lyons Range, ‘Exchange Plaza’, C-1, Block G, Dalal Str
Slide 2: Saregama India Limited Q3/FY20 Earnings Presentation
SAREGAMA INDIA LIMITED Q3 / FY20 EARNINGS PRESENTATION
Slide 3: Carvaan: Music Meets Podcast
SAREGAMA CARVAAN: MUSIC MEETS PODCAST FILM ail act & Bachchan DEEPER Vielen DEEPER nUAnOP PS
Slide 4: Snapshot
Snapshot India’s oldest music label and youngest film production house Producing digital thematic High Dividend Yield and a Zero films targeted at the youth Debt Company segment Leading producer in terms of Strong and professional number of hours of content management team with produced for Tamil te
Slide 5: Strategic Overview
Strategic Overview Rising Rising Falling Rising Individual Falling Smartphone SmartphoneOwnership Ownership Data Prices based Content Piracy 450-500M 450-500M > Rs3/GB Consumption Content Consumption thru Legal means Going Up Indians spent 30% of their phone 325M people viewed video online in Avg. d
Slide 6: Strategic Overview
Strategic Overview Saregama’s Saregama’s long term long term strategy : Tostrategy is toPlay be a Pure be aContent pure play content capitalising Company company capitalising on the on the global data data boomentertainment driven globally boom Higher monetisation of Existing IP to fund IP Creation
Slide 7: Company Overview
Company Overview Revenue from Operational • Saregama India Ltd., a RP Sanjiv Goenka Group Company, is India's oldest music label, youngest film (In INR Mn) studio and a multi-language TV content producer. Over the years, the Company has expanded its 5,447 business from audio to films, TV serials, pu
Slide 8: Business Verticals
Business Verticals Saregama is the pioneer of the Indian music industry and has evolved into a premier diversified content player with Intellectual property rights of songs, TV serials, movies having presence across platforms like television, radio, digital, telecom, etc. FY19 Revenue Share Business
Slide 9: Financial Highlights
Financial Highlights
Slide 10: Consolidated
Consolidated
Slide 11: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q3-FY20 Q2-FY20 Q-o-Q Growth Q3-FY19 Y-o-Y Revenues • Music 1153 1,272 -9% 1,431 -19% • TV & Films 122 273 -55% 121 1% • Publication 20 30 -33% 20 0% Total Revenue from Operation 1295 1,575 -18% 1,572 -18% PBT 138 240 -42% 205 -33% PAT 105 194 -46% 13
Slide 12: Financial Performance-Quarterly
Financial Performance-Quarterly Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q3-FY20 Q2-FY20 Q3-FY19 9M-20 9M-19 Growth Growth Growth Music 1153 1,272 -9% 1,431 -19% 3526 3,770 -6% TV & Films 122 273 -55% 121 1% 538 357 51% Publication 20 30 -33% 20 0% 64 53 21% Revenue from Operations 1295 1,575 -18% 1,5
Slide 13: Balance Sheet
Balance Sheet As on 31st As on 31st As on 31st As on 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Dec 2019 Mar 2019 Dec 2019 Mar 2019 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2060 2,057 (b) Other Equity 4089 4,107 (b) Right
Slide 14: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY20 – 9ME FY19 Pre-Tax Profit 380 847 Change in other operating activities ( Non Cash Items) 11 -163 Change in Working capital 312 -915 Taxes Paid -161 -126 Net cash generated from/used in Operating Activities (A) 542 -357 Investment in Treasury Shares (B) -
Slide 15: Standalone
Standalone
Slide 16: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q3-FY20 Q2-FY20 Q-o-Q Growth Q3-FY19 Y-o-Y Revenues • Music 1,115 1,229 -9% 1,385 -20% • TV & Films 122 273 -55% 121 1% Total Revenue from Operation 1,237 1,502 -18% 1,506 -18% PBT 126 210 -40% 193 -35% PAT 92 164 -44% 122 -25% Revenue (INR Mn) PBT (I
Slide 17: Financial Performance
Financial Performance Q-o-Q Y-o-Y Y-O-Y Particulars (INR Mn) Q3-FY20 Q2-FY20 Q3-FY19 9M-20 9M-19 Growth Growth Growth Revenue from Operations 1237 1,502 -18% 1,506 -18% 3947 4,003 -1% Other Income# 26 29 -10% 23 13% 87 477 -82% Total Revenue 1263 1,531 -18% 1,529 -17% 4034 4,480 -10% Total Expenses
Slide 18: Balance Sheet
Balance Sheet As on 31st Dec As on 31st Mar Assets (INR Mn) As on 31st Dec As on 31st Mar Equity and Liabilities (INR Mn) 2019 2019 2019 2019 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 2054 2,056 (a) Property, Plant and Equipment (b) Other Equity 4079 4,087 (b) Right
Slide 19: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) FY20 – 9ME FY19 Pre-Tax Profit 355 823 Change in other operating activities ( Non Cash Items) 27 -34 Change in Working capital 345 -897 Taxes Paid -160 -122 Net cash generated from/used in Operating Activities (A) 567 -230 Investment in Treasury Shares (B) -7
Slide 20: Operational Highlights
Operational Highlights
Slide 21: Music Segment Operational Highlights
Music Segment Operational Highlights Saregama invested Rs.56 Mn in FY18 and Rs.324 Mn in FY19 in new music rights acquisition Licensing Revenue registered Y-o-Y Growth in Q3 FY-20 at the rate of 28% Extending Carvaan’s equity to Music Carvaan Loungue is a digital property where Classic Retro songs a
Slide 22: Music Segment Operational Highlights
Music Segment Operational Highlights • Lower than expected Festival sales as Lower footfalls in Consumer Carvaan Sales (units ‘000s) Durable & Telecom outlets • Carvaan 2.0 : Wide range of podcasts added. Broadens appeal of Carvaan to younger age groups • Continued focus on increasing mid to small t
Slide 23: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Segment KD Future Outlook • Anand Vikatan Awards for best • Digital Premiere of KD production, best child actor, best on Netflix (Jan 2020) dialogue • Released across 100+ theatres in TN • 3rd Hotstar film “Bahut and 40 screens globally Hua Samman” to b
Slide 24: Financial Overview
Financial Overview
Slide 25: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5447 3,566 2,185 Other Income # 564 102 133 Total Revenue 6,011 3,668 2,318 Total Expenses 5,065 3,203 2,090 EBITDA 946 465 228 EBITDA Margin (%) 16% 13% 10% Depreciation 33 42 44 Finance Cost 66 34 24 PBT 847
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2,057 1,884 1,897 (b) Other Equity 4,107 3,643 3,223 (b) Investment Properties 24
Slide 27: Standalone Income Statement
Standalone Income Statement Particulars (INR Mn) FY19 FY18 FY17 Revenue from Operations 5,244 3,456 2,081 Other Income# 595 142 159 Total Revenue 5,839 3,598 2,240 Total Expenses 4,920 3,115 2,003 EBITDA 919 483 237 EBITDA Margin (%) 16% 13% 11% Depreciation 30 38 41 Finance Cost 66 34 23 PBT 823 41
Slide 28: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities (INR FY19 FY18 FY17 Assets (INR Mn) FY19 FY18 FY17 Mn) Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2056 1,881 1,893 (b) Other Equity 4087 3,647 3,236 (b) Investment Properties 24 24
Slide 29: Financial Charts (Consolidated)
Financial Charts (Consolidated) Total Revenue (INR Mn) EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) 16% 9% 8% 13% 10% 4% 2,318 3,668 6011 228 465 946 87 283 543 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 EBITDA EBITDA Margin (%) PAT PAT Margin (%) Diluted EPS (INR) PE Ratio ROCE%* 22.2% 14.
Slide 30: Capital Market Data
Capital Market Data 50% 40% 30% 20% 10% 0% -10% -20% -30% Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Saregama BSE Sensex Shareholding Pattern as on 31st December, 2019 Price Data (As of 31st December, 2019) INR Face Value 10.0 Market Price 596.9 Others 32.71
Slide 31: Disclaimer
Disclaimer Saregama India Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in al