Music Broadcast Ltd. · NSE:RADIOCITY
Music Broadcast — Q3 FY2020 Earnings Presentation
15 slides from Music Broadcast's earnings presentation, Jan 27, 2020
Slide 1: Exchange filing cover letter: Investor Presentation
January 27, 2020 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza, 5th Floor Corporate Relationship Department Plot No. C/1, G Block; Bandra (East) Phiroze Jeejeebhoy Towers Mumbai 400 051 Dalal Street; Fort Mumbai 400 001 NSE Scrip Code: RADIOCITY BSE Scrip Code: 540366 ISIN:
Slide 2: Music Broadcast Limited Investor Presentation January 2020
Music Broadcast Limited Investor Presentation January 2020
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Music Broadcast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Corporate Action: Issue of Bonus Share
Corporate Action Issue of Bonus Share ▪ Board of Directors recommends issue of Bonus Shares to existing shareholders in the ratio of 1:4 (1 bonus shares for every 4 shares held) subject to approval of Shareholders ▪ 6,91,37,125 new ordinary shares of Face value of Rs. 2 each will be issued ▪ The out
Slide 5: Financial Highlights
Financial Highlights In Rs. Crs Revenue EBITDA & Margins PAT 32% 30% 31% 70 70 22 19 22 63 19 10 8 Q1FY20 Q2FY20 Q3FY20 Q1FY20 Q2FY20 Q3FY20 Q1FY20 Q2FY20 Q3FY20 4
Slide 6: Q-o-Q Highlights
Q-o-Q Highlights In Rs. Crs Revenue EBITDA & Margins PBT 30% 31% +11.4% +16.5% +17.8% 70 22 14 63 19 12 Q2FY20 Q3FY20 Q2FY20 Q3FY20 Q2FY20 Q3FY20 137 bps improvement from last Festive uptick in the revenues quarter 5
Slide 7: Operating efficiency: cost control measures reduced slowdown impact
Efficient cost control measures helped reduce slowdown impact In Rs. Crs Nine Month -41 Revenue 243 202 More than 50% of the revenue de-growth arrested by prudent cost 9M FY19 9M FY20 optimization at operating profits (EBIDTA) -22 Operating 162 • Recruitment freeze Cost 140 • Salary rationalisations
Slide 8: Sustained delivering of Margins
Sustained delivering of Margins EBITDA Margins PAT Margins 35% 34% 35% 19% 18% 33% 17% 31% 14% 12% FY16 FY17 FY18 FY19 9MFY20 FY16 FY17 FY18 FY19 9MFY20 Maintained 30%+ margin despite muted conditions Steady improvement in the PAT margins over the years 7
Slide 9: Industry Growth Trend
Industry Growth Trend Volume Mix Volume Growth -75% -8% -16% 58% 65% 30% 31% 12% 4% 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 Local National Central Govt National advertisers Local advertisers • Degrowth of 16% led by categories like E- Central government • ~5600 new advertisers added
Slide 10: Radio Industry – 9M Category Trend
Radio Industry – 9M Category Trend Growth Categories De-Growth Categories Auto Food/ Government Real Estate Dotcom Electrical Soft-Drinks Contribution Volume 9% 8% 8% 7% 6% 5% Growth (YOY) De-Growth (YOY) Volume Growth 16% 57% 10% 44% 25% 8% Source: Aircheck 15 Markets 9
Slide 11: Listenership trends in Mumbai, Delhi and Bengaluru
Listenership trends in Mumbai, Delhi and Bengaluru Listenership Market Share Data Mumbai Bengaluru Delhi 30.00 20 20 20.00 % Share % Share % Share 10.00 0 0.00 0 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Mirchi One R
Slide 12: Initiatives in the Quarter
Initiatives in the Quarter Ek Kapda Abhiyaan Mumbai Ki Jalegi WaterBell Radio City celebrated Diwali with #MumbaiKiJalegi Post the success of Ek Kapda Abhiyaan last year, To encourage citizens of Bengaluru to stay hydrated, campaign, an initiative that aimed to light up the Radio City initiated the
Slide 13: Profit and Loss
Profit and Loss In Rs. Crs Q3FY20 Q3FY19 YoY Q2FY20 QoQ 9MFY20 9MFY19 YoY Revenue 69.6 87.0 -20% 62.5 11% 202.0 242.8 -17% Licenses Fees 5.0 5.5 4.9 14.9 16.4 Employee Expenses 14.8 16.7 12.0 43.0 52.6 Other Expenses 28.3 36.2 27.1 81.6 92.6 EBITDA 21.6 28.6 -25% 18.5 17% 62.4 81.2 -23% EBITDA Margi
Slide 14: Balance Sheet
Balance Sheet Assets (In Rs. Crs) Sep-19 Mar-19 Liabilities (In Rs. Crs) Sep-19 Mar-19 Total Non Current Assets 353.8 334.3 Shareholders Fund 630.3 603.3 Fixed Assets 324.2 310.0 Share Capital 55.3 55.3 Tangible Assets 99.3 74.9 Intangible Assets 225.0 235.1 Other Equity 575.0 548.0 Intangible Asset
Slide 15: Contact Us
CIN: L64200MH1999PLC137729 Ms. Sangeetha Kabadi Email : sangeethak@myradiocity.com Mr. Jimmy Oza Email: jimmyo@myradiocity.com www.radiocity.in Contact Us CIN: U74140MH2010PTC204285 Ms. Payal Dave Email : payal.dave@sgapl.net Mr. Jigar Kavaiya Email : jigar.kavaiya@sgapl.net www.sgapl.net