Zee Entertainment Enterprises Limited · NSE:ZEEL
Zee Entertainment Enterprises — Q1 FY2024 Earnings Presentation
15 slides from Zee Entertainment Enterprises's earnings presentation, Aug 9, 2023
Slide 1: Cover letter: audio recording of conference call for Q1 FY24
August 09, 2023 The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai – 400 051 BSE Scrip Code Equity: 505537 NSE Symbol: ZEEL EQ Dear
Slide 2: Earnings Update for Q1 FY24
Earnings Update for Q1 FY24 Zee Entertainment Enterprises Limited – 09 August 2023 1
Slide 3: Disclaimer
Disclaimer Safe Harbor Statement: This Release/Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and
Slide 4: Healthy Growth Momentum Continues
Healthy Growth Momentum Continues 17.0% 7.6% 7.8% Q1 FY24 All India TV Network Share; YoY Total Operating Revenue Increased; EBITDA Margin; Jun’23 All India TV Network Share 17.9% Q1 FY24 Revenue Rs 19,838 Mn Q1 FY24 EBITDA of Rs 1,549Mn 21% 32 ZEE5 YoY Revenue Growth; Shows and Movies (Incl. 5 Orig
Slide 5: Business Performance
Extraordinary Together
Slide 6: Domestic Linear: Zee Network Continues to Maintain Leadership Position in East & South Cluster
Domestic Linear: Zee Network Continues to Maintain Leadership Position in East & South Cluster TV Reach and Impressions ZEE Network Share Weekly Reach (mn) Weekly Impressions (bn) 17.9% 17.3% 17.0% 17.0% 16.9% 16.6% 16.5% 16.5% 16.4% 16.2% 16.2% 16.1% 761 758 27.9 28.5 27.4 750 Total TV viewership i
Slide 7: ZEE5: Revenue Up 21% YoY; QoQ Cost Base Steady With Prudent Cost Management
ZEE5: Revenue Up 21% YoY; QoQ Cost Base Steady With Prudent Cost Management Content Continues to Perform Well and Strong Engagement Continues Q1 Highlights ➢ 32 shows and movies (incl. 5 originals) released during the quarter Total Revenue (Rs Mn) Q1 FY24 Impact Releases 1,943 2,200 1,939 1,671 1,61
Slide 8: ZEE Studio: Hindi and Other Language Movies Released During Q1 FY24
ZEE Studio: 3 Hindi and 4 Other Language Movies Released During Q1 FY24 Produced by Produced by Distributed by ZEE Studio ZEE Studio ZEE Studio Hindi Other Movies Language Movies Produced by Produced by ZEE Studio ZEE Studio Produced by ZEE Studio 7
Slide 9: Zee Music Company (ZMC): 2nd Largest Music Label with ~137Mn Subscribers on YouTube
Zee Music Company (ZMC) 2nd Largest Music Label with ~137Mn Subscribers on YouTube All ZMC YouTube Channels Video Views & Subscribers Count 42 38 21 134 137 121 Q1 FY23 Q4 FY23 Q1 FY24 Total Subs count (Mn) Total Video Views during the Quarter (Bn) ZMC Hindi Movies Acquisition Share Zee Music Compan
Slide 10: Financial Performance
Financial Performance 9
Slide 11: Q1 FY24 EBITDA Margin at 7.8%; QoQ Increased by 60bps
Q1 FY24 EBITDA Margin at 7.8%; QoQ Increased by 60bps, YoY Impacted by Increase in Costs Across Content, Marketing and Technology Operating Revenue Breakup (Rs Mn) (Rs Million) Q1 FY23 Q4 FY23 Q1 FY24 QoQ YoY QoQ 6% 7% 48% Operating Revenue 18,432 21,121 19,838 -6.1% 7.6% YoY 4% 18% 42% Expenditure
Slide 12: Q1 FY24: Pickup in Subscription Revenues Offset by Soft Ad Environment
Q1 FY24: Pickup in Subscription Revenues Offset by Soft Ad Environment ➢ Domestic Ad revenues came at Rs 9,018 Mn, QoQ down by 6.4%, YoY declined by 2.6% Advertising ➢ Muted Ad spending environment as Q1 started off on a soft note, with IPL during the first two months of the quarter. revenues ➢ Gree
Slide 13: Condensed Balance Sheet
Condensed Balance Sheet Assets (Rs Mn) Mar'23 Jun'23 Liabilities (Rs Mn) Mar'23 Jun'23 Non-Current Assets Equity Capital 1,07,219 1,06,547 Fixed assets 13,789 13,381 Non-Current Liabilities Investments 349 389 Lease Liab/Other borrowings 2,167 2,046 Other financial assets 589 595 Provisions 1,362 1,
Slide 14: Content Inventory, Advances and Deposits Stable in Q1 FY24
Content Inventory, Advances and Deposits Stable in Q1 FY24 Rs 64.1 bn Rs 62.7 bn Rs 72.5 bn Rs 79.6 bn Rs 79.6 bn 12% 8% 8% 17% 14% 13% 14% Content Advances & 9% 11% 7% Deposits 14% 13% 14% 14% 14% Movies Production, Music & Others Shows 63% 65% 64% 64% 64% Movies Rights FY20 FY21 FY22 FY23 Q1 FY24
Slide 15: Extraordinary Together
3 Extraordinary Together
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