Asahi Broadcasting Group Holdings Corporation · TSE:9405

Asahi Broadcasting — FY2021 Earnings Presentation

37 slides from Asahi Broadcasting's earnings presentation, May 23, 2022

  1. Slide 1: Presentation for Fiscal 2021

    Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Asahi Broadcasting Group Holdings Corporation Presentation for Fiscal 2021 (For the

  2. Slide 2: Matters to be reported

    Matters to be reported  Overview of Consolidated Financial Report for Fiscal 2021 ・Consolidated Results and Segment Information…P.3 ・Asahi Television Broadcasting Results …P.10  2021–2025 Medium-Term Management Strategy ～Rolling Plan 2022～ …P.22 2

  3. Slide 3: Consolidated Results

    Consolidated Results Susumu Okinaka Representative Director and President Asahi Broadcasting Group Holdings Corporation 3

  4. Slide 4: Consolidated Results

    Consolidated Results (Millions of yen) FY21/3 FY22/3 YoY % Change Net Sales 78,344 85,100 6,755 8.6% Operating Expenses 75,650 80,897 5,246 6.9% Cost of Sales 52,393 55,581 3,188 6.1% Details Selling, General and Administrative Expenses 23,256 25,315 2,058 8.9% Operating Income 2,694 4,203 1,508 56.

  5. Slide 5: Growth of Consolidated Results

    Growth of Consolidated Results (Millions of yen) Net Sales Operating Income 10,000 90,000 85,100 Point 81,986 82,937 80,991 9,000 80,000 78,344 Net sales exceeded pre-COVID-19 levels, while operating income was on par with pre- 8,000 COVID-19 results. ➡New businesses and initiatives are 70,000 begin

  6. Slide 6: Results by Segment

    Results by Segment (Millions of yen) Net Sales FY21/3 FY22/3 YoY % Change Broadcasting and Content 61,850 71,348 9,498 15.4% Broadcasting 56,130 By business Content 15,170 Other 47 Lifestyle 16,494 13,751 -2,743 -16.6% Housing 9,825 By business Golf 854 At-home shopping 2,694 Other 377 Operating Inc

  7. Slide 7: FY23/3 Consolidated Financial Results Forecasts

    FY23/3 Consolidated Financial Results Forecasts (Millions of yen) FY22/3 (actual) FY23/3 YoY % Change Net Sales 85,100 91,000 5,899 6.9％ Operating Income 4,203 4,000 -203 -4.8％ Ordinary Income 4,792 4,500 -292 -6.1％ Profit Attributable to Owners of Parent 2,671 2,900 228 8.6％ Net Sales Operating Inc

  8. Slide 8: FY23/3 Financial Results Forecasts by Segment

    FY23/3 Financial Results Forecasts by Segment (Millions of yen) Net Sales FY22/3 (actual) FY23/3 YoY % Change Broadcasting and Content 71,348 75,200 3,851 5.4％ Broadcasting 56,130 56,400 269 0.5% By business Content 15,170 18,500 3,329 21.9% Other 47 300 252 529.5% Lifestyle 13,751 15,800 2,048 14.9

  9. Slide 9: Dividends

    Dividends Interim dividend Year-end dividend 30 28 26 25 24 （forecast） 20 20 20 18 18 18 18 16 17 15 10 17 10 12 9 9 10 12 10 10 7.5 5 5 9 9 10 10 9 10 6 6 5 7 4.5 0 (FY) 13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 9

  10. Slide 10: ABC TV Results

    ABC TV Results Toshiaki Imamura Executive Officer Asahi Broadcasting Group Holdings Corporation Director, General Programming, Content Management Asahi Television Broadcasting Corporation 10

  11. Slide 11: ABC TV Results

    ABC TV Results (Millions of yen) FY21/3 FY22/3 YoY % Change Net Sales 51,288 55,812 4,523 8.8% Operating Expenses 49,935 52,879 2,943 5.9% Cost of Sales 30,855 32,877 2,022 6.6% Details Selling, General and Administrative Expenses 19,080 20,001 921 4.8% Operating Income 1,353 2,933 1,580 116.8% Ordi

  12. Slide 12: Growth of ABC TV Results

    Growth of ABC TV Results (Millions of yen) Net Sales Operating Income 58,947 Point 57,605 55,812  Net Sales 51,288 Approaching pre-COVID-19 levels ➡ Although performance recovered from the downturn caused by the COVID-19 pandemic in the previous fiscal year, we have not seen a full recovery, yet. A

  13. Slide 13: Details of ABC TV Revenue

    Details of ABC TV Revenue (Millions of yen) ■Broadcasting Revenue ※ Recorded in the broadcasting business in the FY21/3 consolidated financial results FY22/3 Mainly advertising revenue obtained through (reference) broadcasting (including revenue from TVer, a service Broadcasting streaming past broad

  14. Slide 14: Growth of ABC TV Major Broadcasting Revenues

    Growth of ABC TV Major Broadcasting Revenues ■Spot ・Up 11.7% YoY Positive Factors ⇒Advertising market recovered from the COVID-19 (Millions of yen) pandemic Negative factors ⇒Decrease in spot advertising slots due to increase in key FY19/3 FY20/3 FY21/3 FY22/3 station programming for the Olympics De

  15. Slide 15: Spot Revenue of TV Business (Quarterly performance)

    Spot Revenue of TV Business (Quarterly performance) (Millions of yen) FY20/3 FY21/3 8,464 8,412 FY22/3 8,225 8,028 7,312 8,053 8,077 7,584 7,905 6,594 5,369 5,675 1Q 2Q 3Q 4Q (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Mar) 15

  16. Slide 16: Spot Revenue of TV Business (By Top Industries)

    Spot Revenue of TV Business (By Top 20 Industries） FY21/3 FY22/3 Rank Industry YoY Composition rate YoY Composition rate 1 Transportation/ Leisure/ Food Services / Services 70.9% 9.8% 124.3% 10.9% 2 Foods 89.4% 10.1% 105.3% 9.5% 3 Information/Communications 90.0% 8.2% 126.3% 9.3% 4 Beverages/Liquors

  17. Slide 17: Television Viewer Ratings in Kansai Region (Individual)

    Television Viewer Ratings in Kansai Region for April 2021- March 2022* [ Individual (ALL) ] All Day Golden Time Prime Time Prime 2 (6:00-24:00) (19:00-22:00) (19:00-23:00) (23:00-25:00) YTV YTV YTV YTV １ 4.1% 6.5% 6.2% 3.4% ABC・KTV NHK ABC ABC ２ 3.8%（-0.2） 6.0% 6.1%（-0.5） 2.9%（-0.3） ＊＊＊ ABC KTV KTV

  18. Slide 18: ABC TV Results Forecasts

    ABC TV Results Forecasts (Millions of yen) FY22/3 (actual) FY23/3 YoY % Change Net Sales 55,812 57,050 1,237 2.2% Operating Expenses 52,879 54,550 1,670 3.2% Operating Income 2,933 2,500 -433 -14.8% Ordinary Income 3,057 2,900 -157 -5.1% FY22/3 (actual) FY23/3 YoY % Change Program Expenses 15,361 15

  19. Slide 19: FY23/3 ABC TV Revenue Forecasts

    FY23/3 ABC TV Revenue Forecasts (Millions of yen) FY22/3 FY23/3 YoY % Change (actual) Broadcasting Business Revenue 50,502 50,100 -402 -0.8% Spot 30,817 30,800 -17 -0.1% Network 13,018 12,220 -798 -6.1% Details (Ref) Time revenue of ABC productions 10,229 9,531 -698 -6.8% Local 5,527 5,850 322 5.8%

  20. Slide 20: FY2021 Notable Results

    FY2021 Notable Results Year-end and New Year's special programs, In the Middle of Nowhere continue to do well ▶M-1 Grand Prix 2021: In both Kanto and Kansai regions, Individual (ALL) programs recorded top viewership by a wide margin. ▶Who is a real celebrity? 2022 New Year Special: Individual (ALL)

  21. Slide 21: FY2022 Initiatives

    FY2022 Initiatives *U49: ABC TV unique indicator targeting viewers Reorganized timetable with greater emphasis on U49* in April 49 years of age and younger Daigo mo Welcome, Okaeri Travel Salad Newlyweds! daidokoro ABC Local Monday-Friday 3:45-7:00 p.m. Monday-Friday 1:30-1:45 p.m. Saturday 8:00-9:3

  22. Slide 22: 2021–2025 Medium-Term Management Strategy

    Asahi Broadcasting Group 2021–2025 Medium-Term Management Strategy NEW HOPE Rolling Plan 2022 Asahi Broadcasting Group Holdings Corporation 22

  23. Slide 23: Priority Targets (Quantitative)

    Priority Targets (Quantitative) Three-Year Financial Plan (as of May 2021) (Millions of yen) FY2021 FY2022 FY2023 FY2025 Operating Operating Operating Operating Net Sales Net Sales Net Sales Net Sales Income Income Income Income Consolidated ・・・ 82,000 2,300 88,000 3,000 92,000 4,500 100,000 5,700 G

  24. Slide 24: Priority Targets (Quantitative by Segment)

    Priority Targets (Quantitative by Segment) Three-Year Financial Plan (as of May 2021) (Millions of yen) FY2021 FY2022 FY2023 FY2025 ▼ By reportable segment Operating Operating Operating Net Sales Net Sales Net Sales Net Sales Income Income Income Broadcasting and 67,800 1,700 72,000 1,800 75,000 3,2

  25. Slide 25: Priority Targets (Quantitative Content)

    Priority Targets (Quantitative Content) 300 FY2021 FY2025 Target 250 （Actual/Reference） 200 150 Other (Contract production, etc.) 100 Event 50 Live-action UP ¥10 billion! Animation 0 Net Sales Net Sales ¥15.17 billion ¥25.0 billion 25

  26. Slide 26: Strategy by Business: Content

    Strategy by Business： Content Animation  Continue to strengthen programming centered on ABC ANIMATION ※ABC ANIMATION Record-high sales in FY2021 CG animation production studio built in 2020 now fully operational  Aim to expand and strengthen the peripheral anime business (character figures and oth

  27. Slide 27: Priority Targets (Quantitative Lifestyle)

    Priority Targets (Quantitative Lifestyle) 300 FY2021 FY2025 Target 250 （Actual/Reference） 200 150 100 その他(新規事業等) Other (New Business, etc.) 通販 At-home shopping 50 UP ゴルフ Golf ¥5 billion! ハウジング Housing 0 Net Sales Net Sales ¥13.75 billion ¥19.0 billion 27

  28. Slide 28: Strategy by Business: Lifestyle

    Strategy by Business： Lifestyle At-home Shopping Business  Strengthen TV shopping ➡Expand sales channels through two companies: ABC Media Communications (AMC) and ONE DAY DESIGN (ODD)*. Senobura honpo *ODD: Joint venture with DMM.com established in 2021  Strengthen e-commerce business ➡Improve AMC

  29. Slide 29: Sustainability-Related Topics

    Sustainability-Related Topics  The ABC Green Declaration (January 2022) The ABC Group Aims for CO2-Free Electricity by the Year 2025 ※Planning to declare our support for TCFD recommendations  ABC@Colorful Declaration The ABC Group pursues diversity in work styles (telework, shortened work hours, s

  30. Slide 30: Reference Materials

    30 Reference Materials ABC

  31. Slide 31: Capital Investments/Depreciation and Amortization

    Capital Investments/Depreciation and Amortization (Billions of yen) FY21/3 FY22/3 FY23/3 (forecast) Consolidated ABC TV Consolidated ABC TV Consolidated ABC TV Capital Investments 5.1 0.4 8.4 6.5 8.3 2.5 Depreciation and 3.0 1.4 3.2 1.5 4.0 1.9 Amortization 31

  32. Slide 32: Major Group Companies① Broadcasting Business

    Major Group Companies① <Broadcasting Business> (Millions of yen) ABC Radio sky-A (CS broadcasting) Net Sales Operating Income 3,541 3,186 3,212 3,088 2,520 2,505 2,119 2,179 413 313 82 188 259 68 -5 -165 (FY) 19/3 20/3 21/3 22/3 19/3 20/3 21/3 22/3 (FY) 32

  33. Slide 33: Major Group Companies② Content Business

    Major Group Companies② <Content Business> (Millions of yen) ABC FRONTIER ABC Animation MASH (Note) ABC FRONTIER split off subsidiary ABC Animation in FY22/3. No figures are available for ABC FRONTIER for 2,069 FY21/3 or earlier. 1,839 1,468 1,668 1,567 1,290 1,250 534 388 358 262 136 204 16 (FY) 19/

  34. Slide 34: Major Group Companies③ Lifestyle Business

    Major Group Companies③ <Lifestyle Business> (Millions of yen) ABC Development ABC GOLF CLUB Net Sales Operating Income 12,565 12,391 12,649 1,016 947 917 791 10,265 73 37 44 -51 1,142 (FY) 19/3 20/3 21/3 22/3 1,059 939 889 ABC Media Communications 2,999 3,118 3,202 2,554 164 179 135 141 (FY) 19/3 20

  35. Slide 35: Television Viewer Ratings in Kansai Region (Household)

    Television Viewer Ratings in Kansai Region for April 2021- March 2022* [Household] All Day Golden Time Prime Time Prime 2 (6:00-24:00) (19:00-22:00) (19:00-23:00) (23:00-25:00) YTV NHK ABC YTV １ 7.4% 10.6%（-0.8） 6.4% 10.4％ ABC YTV YTV ABC ２ 7.0% (-0.5） 10.3% 10.1% 5.5%（-0.5） KTV ABC KTV KTV ３ 6.9% 1

  36. Slide 36: ANN's TV Network

    ANN’s TV Network Asahi Television Broadcasting Corporation 21.59 million people 10.18 million households TV Asahi Corporation 43.61 million people 20.92 million households 36

  37. Slide 37: Disclaimer

    Disclaimer The financial results in the period in this presentation are determined on the information available at the moment and are based on the assumption that the Japanese economy will gradually recover. As a result, the information in this presentation contains inherent risks and uncertainties.

Asahi Broadcasting Group Holdings — FY2021 Earnings Presentation on 6ix