Prime Focus Limited · NSE:PFOCUS
Prime Focus — Q1 FY18 Earnings Presentation
27 slides from Prime Focus's earnings presentation, August 2017
Slide 1: Prime Focus Limited Q1 FY18 Investor Presentation
Prime Focus Limited Q1 FY18 Investor Presentation August 2017
Slide 2: Safe Harbor
Safe Harbor Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ m
Slide 3: Contents Page
Contents Page Q1 FY18 Performance 04-13 About Prime Focus 14-21 Annexure 22-25 Financials 22-24 Shareholding pattern 25
Slide 4: Q1 FY18 Performance
Q1 FY18 Performance
Slide 5: Continues to deliver performance ahead of plan
Continues to deliver performance ahead of plan Delivered creative services in 6 of top 10 Driven by strong performance in Creative Services global B.O. hits in 2017(YTD) Collection PFW/ Consolidated Income Adjusted EBITDA* Rank Movie Name in $ mn DNeg 1 Beauty and the Beast (2017) 1,262 Y Rs. 5.22 b
Slide 6: Integration momentum drives EBITDA Margin expansion
Integration momentum drives EBITDA Margin expansion Figures in Rs Million; Consolidated financials Consolidated Income *Adjusted EBITDA / Margin **Operating PBT/ Margin 5,275 5,220 1200 1,118 23% 250 5% 1100 1,023 21% 203 4% 200 1000 21.4% 19% 3.9% 4% 900 17% 3% 150 800 15% 3% 19.4% 700 9% YoY 13% 1
Slide 7: Creative Services continues to deliver higher margins
Creative Services continues to deliver higher margins Figures in Rs Million; Consolidated financials Revenue Adjusted EBITDA / Margin 900 804 30% 4,052 4,042 800 682 25% 700 600 20% 500 19.9% 15% 400 16.8% 300 18% YoY 10% 200 5% 100 0 0% Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Adjusted EBITDA Margin EBITD
Slide 8: Working with current and upcoming Hollywood's marquee projects
Working with current and upcoming Hollywood’s marquee projects Delivered in Q1 FY18 Robust Order book of $250 mn+ M:I 6 - Mission Impossible Godzilla Sequel Transformers: The Wonder Woman Last Knight American Assassin Pacific Rim: Geostorm Avengers: Uprising Infinity War The Mummy Pirates of the Car
Slide 9: Tech/Tech Enabled services EBITDA Margin maintained in range of 25%+
Tech/Tech Enabled services EBITDA Margin maintained in range of 25%+ Figures in Rs Million; Consolidated financials Revenue Adjusted EBITDA / Margin 841 822 223 250 220 35% 30% 200 25% 150 26.1% 27.1% 20% 15% 100 10% 50 5% Q1 FY17 Q1 FY18 0 0% Q1 FY17 Q1 FY18 Adjusted EBITDA Margin Steady Revenue
Slide 10: Tech/Tech Enabled services see new client wins
Tech/Tech Enabled services see new client wins Q1 FY18 Revenue Analysis Project ROW 28% 37% Produ ct 47% India Annuity Services 63% 72% 53% By Geography By Contract type By Product Mix Continues to build momentum in the international markets with new customer additions like Annapurna Films, Public
Slide 11: India FMS - leadership in Indian M&E Market
India FMS - leadership in Indian M&E Market Figures in Rs Million; Consolidated financials Revenue Adjusted EBITDA / Margin 200 181 45% 180 169 40% 423 425 160 42.8% 35% 140 39.8% 30% 120 25% 100 20% 80 15% 60 10% 40 20 5% 0 0% Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Adjusted EBITDA Margin Delivered sever
Slide 12: Working with current and upcoming Bollywood films
Working with current and upcoming Bollywood films Movies delivered in Q1 FY18 Strong Order Book TVCs Investor Update Q1 FY18 12
Slide 13: Debt profile
Debt profile Consolidated Net debt at Rs. 13.57bn Repaid deferred payable of $ 11mn Net Debt/EBITDA (TTM) 2.7x as on June’17 Debt Composition Geographical Breakup Centrum Working India Dollar NCDs, 3% Capital, Linked, 4% SCPE NCDs, 18% 13% Finance Lease, 12% Overseas, 46% Inter India Rs corpor
Slide 14: About Prime Focus
About Prime Focus
Slide 15: PFL one of the world's largest independent & integrated media services players
PFL one of the world’s largest independent & integrated media services players Rs 21.5 bn conglomerate growing @ 23% FY(12-17), 80%+ revenue from overseas. . . Distinct Leadership in fast growing Indian Market • Visual Effects / DI India • Colour Grading FMS • Camera Rental (7%) • Shooting Floors Le
Slide 16: Creative Svs: World's No. 1 independent Tier 1 player
Creative Svs: World’s No. 1 independent Tier 1 player Strong Leadership Proven Expertise Tier-1 Visual Effects House of choice 2 consecutive Player & 30% Market for VFX & 3D Oscar wins for Share in 3D Services for Tier Interstellar & Conversion market 1 Studios Ex Machina Top Grossers Unprecedented
Slide 17: Tech/Tech Enabled services: Pioneer & leader in cloud solutions for M&E industry
Tech/Tech Enabled services: Pioneer & leader in cloud solutions for M&E industry Owns & operates Robust growth in Strong revenue model with World’s only hybrid cloud Robust order book of 74% Annuity contribution & revenue, up 10.3x enabled Media ERP $200 mn to be executed 35% from International at R
Slide 18: India FMS: Dominating on home turf
India FMS: Dominating on home turf Leading player in fast Owns India’s largest integrated High Margin in range of 30-40% growing Indian M&E studio with ~25% capacity of Margin in price competitive market Mumbai studio market Bollywood market, testimony to PFL’s Quality work Excellent relationships w
Slide 19: Robust financial performance
Robust financial performance. . . Revenue Business wise Contribution 21,781 India FMS, 7% 16,076 Tech/Tech 13,828 Enabled 10,814 services , 16% 7,719 7,622 Creative Services, 77% FY12 FY13 FY14* FY15 FY16** FY17 * FY14 & FY16 financials represent 15 & 9 months respectively EBITDA Cash Profit (PAT +D
Slide 20: FY17: Business wise Analysis
FY17: Business wise Analysis Business-wise revenues 16,712 12M ending Mar'16 12M ending Mar'17 14,237 17% YoY 2,964 15% 3,413 YoY 1,544 1,545 Creative Services Tech / Tech Enabled Services India FMS Business-wise Adjusted EBITDA 3,482 12M ending Mar'16 12M ending Mar'17 2,205 796 898 13% 588 523 58%
Slide 21: 'WorldSourcing' model = unmatched competitive edge
‘WorldSourcing’ model = unmatched competitive edge Global network providing highest quality, fastest time to market & most efficient pricing 4 continents | 6 time zones | 15 locations | 24/7 – 365 days Investor Update Q1 FY18 21
Slide 22: Annexure
Annexure
Slide 23: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement % YoY % QoQ Particulars (Rs Million) Q1FY18 Q1FY17 Q4FY17 FY17 Variance Variance Net sales / income from operations 5,135 5,262 -2% 6,537 -21% 21,536 Other Income 85 13 577% 52 64% 245 Total Income 5,220 5,275 -1% 6,589 -21% 21,781 Total Expenditure 4,102 4,252 -
Slide 24: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement % YoY % QoQ Particulars (Rs Million) Q1FY18 Q1FY17 Q4FY17 FY17 Variance Variance Net sales / income from operations 348 395 -12% 343 1% 1,545 Other Income 77 27 182% 27 185% 154 Total Income 425 423 1% 370 15% 1,699 Total Expenditure 256 242 6% 272 -6% 1,022 Person
Slide 25: PFL Shareholding Pattern
PFL Shareholding Pattern As on 30th June- 2017 Outstanding shares – 299mn Others Public, 7.9% Promoters, SCPE, 35.0% 22.0% RMW Financial Services , 35.1% Investor Update Q1 FY18 25
Slide 26: Contact us
Contact us Alok Gupta Nisha Kakran/ Seema Shukla Prime Focus Limited Four-S Services Pvt Ltd Phone: +91 8291070073 Phone: +91 7718811182/+91 124 4251442 Email: alok.gupta@primefocus.com Email: nisha.kakran@four-s.com seema@four-s.com www.primefocus.com © 2016 Prime Focus Limited. All Rights Reserved
Slide 27: About Prime Focus Limited
About Prime Focus Limited Prime Focus Limited (PFL), the world’s largest independent integrated media services powerhouse, employs over 9,000 professionals in 15 cities across 4 continents and 6 time zones. We provide end-to-end creative services (visual effects, stereo 3D conversion and animation),