Saregama India Limited · NSE:SAREGAMA
Saregama India — Q3 FY23 Earnings Presentation
22 slides from Saregama India's earnings presentation
Slide 1: Saregama India Limited Quarterly Presentation Q3 FY23
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q3 FY23
Slide 2: Saregama Strengths
SAREGAMA STRENGTHS India’s only entertainment company with IP offerings across media channels (music, films, web series and TV serials), delivery platforms (physical and digital) and business models (licensing and retail) Large intellectual property portfolio of 142K+ songs, 68 films, 6K+ hours of t
Slide 3: Strategic Overview: Digitisation Driving Growth
STRATEGIC OVERVIEW Digitisation Driving Growth Increase in Digital Increase Demand for Boom in India in App Usage Content Video/Music Streaming Music ~750M smart phones Netflix, Spotify, Saavn, Amazon, etc. Films Cheap Data driving driving Social Media Web Series # stay-at-home YouTube, Facebook, et
Slide 4: Strategic Overview
STRATEGIC OVERVIEW To be a Pure Play Content Company capitalising on the global content consumption boom driven by the ever-increasing Digitisation Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform. Monetisation of Existing IP Carvaan transitioning from being a Prod
Slide 5: Saregama Wants to Take Market Leadership Position in Indian Music
SAREGAMA WANTS TO TAKE MARKET LEADERSHIP POSITION IN INDIAN MUSIC Disproportionate Acquisition of share of New Content across Hindi & + Small & Mid size Music Catalogues to plug in the Content Gaps of last 25 years + Artiste Management Live Events Regional Languages Catalogue Strength
Slide 6: Saregama Music IP
SAREGAMA MUSIC IP Licensing Revenue (INR Mn) Fast Growing FY22 FY21 2,839 * 3,585 * Licensing Revenue FY20 FY19 1,949 2,361 * FY18 1,478 * One time income of INR 97 Mn (FY22), 155 Mn (FY21) and INR 21 Mn (FY20) are excluded On account of A. Saregama’s Focus on New Music B. Growing customer interest
Slide 7: Our Licensing Partners
OUR LICENSING PARTNERS Streaming Partners Broadcasting Partners Video Streaming Partners Music Music + Films & Series Music + Films & Series vO uVid v Social Media Platforms Brands Music + Films & Series Music 7
Slide 8: Operational Highlights
OPERATIONAL HIGHLIGHTS 8
Slide 9: Music Segment Posted Highest Ever Quarterly Revenue
MUSIC SEGMENT POSTED HIGHEST EVER QUARTERLY REVENUE MUSIC SEGMENT REVENUE PER QUARTER (INR Mn) 9Months FY23 – INR 4330 Mn 9Months FY22 – INR 3468 Mn 1547 1509 1333 1271 1274 1216 1142 1004 1013 917 919 696 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY2
Slide 10: Music Segment Licensing: Monetisation
MUSIC SEGMENT LICENSING : MONETISATION • Brand Licenses: YOUTUBE VIEWS (Bn) PER QUARTER Ola Electric, Hyundai, WhatsApp, Uber, Tata Play etc. 53 Color Bar, Global Desi, Spencer, Xiaomi, P.C.Chandra product 44 integrations in New Songs 39 36 32 30 • Digital Content Licenses: Monica, O My Darling (Net
Slide 11: Music Segment: Content Creation
MUSIC SEGMENT : CONTENT CREATION Film Albums released in Q3 TELUGU TAMIL MALAYALAM BENGALI Aishwarya Lekshmi & Aishwarya Lekshmi Swasika Vishwak Sen Madhoo Vishnu Vishal Mithun Chakraborty PUNJABI Adivi Sesh & Alipiriki Allantha Dooramlo Dhanush Amala Paul Unni Mukundan Meenakshi Chaudhary Ammy Virk
Slide 12: Music Segment: Content Creation (Non-Film Songs)
MUSIC SEGMENT : CONTENT CREATION 158 Non-Film Songs released in Q3 HINDI BHOJPURI GUJARATI PUNJABI BENGALI DEVOTIONAL Shreya Ghoshal Khesari Lal Kajal Maheriya Satinder Sartaaj Ankita Bhattacharya Gajendra Pratap Singh Divya Agarwal Rakesh Barot Asees Kaur Bappa Mazumder Abhilipsa panda Neelkamal Si
Slide 13: Music Segment: Retail
MUSIC SEGMENT : RETAIL Carvaan Sales (units ‘000s) Retail: 168 • Momentum building back. Unit Sales grows by 20% Y-o-Y 156 141 • Carvaan Mobile volumes building up 112 • Festival sales spread between Q2 and Q3 103 98 • Margin % similar on all Carvaan variants : base model, Mini, Mobile, Music Bar Q2
Slide 14: Films, Web Series & TV Segment
FILMS, WEB SERIES & TV SEGMENT Films and Web Series Future Outlook • Two Malayalam Films “Kaapa” • Next action pack Malayalam starring Prithviraj Sukumaran and film “Kasargold” starring Asif “Padavettu” starring Nivin Pauly Ali expected to release in released during Q3FY23. Q4FY23. • First Punjabi f
Slide 15: New Initiatives
NEW INITIATIVES Live Music Events ➢ “Saregama's Live” with India’s biggest live Performance star Diljit Dosanjh, continued its overseas success in India as well. • 2 concerts were held in Mumbai and Jaipur in Q3FY23 ➢ Saregama Live’s stage adaptation of Bollywood’s iconic film – Disco Dancer premier
Slide 16: Financial Highlights Consolidated
FINANCIAL HIGHLIGHTS CONSOLIDATED 16
Slide 17: Quarterly Financial Summary
QUARTERLY FINANCIAL SUMMARY Particulars (INR Mn) Q3 FY23 Q2 FY23 Q-o-Q Growth Q3 FY22 Y-o-Y Growth Revenue from Operations • Music 1,547 1,509 3% 1,333 16% • Films, Television serials and Events 272 341 (20)% 156 74% • Publication 35 42 (17)% 14 150% Revenue from Operations 1,854 1,892 (2)% 1,503 23
Slide 18: OIBCID to PAT
OIBCID to PAT 9ME FY23 9 Months 9 Months without Q-o-Q Y-o-Y Ended Y-o-Y Particulars (INR Mn) Q3 FY23 Q2 FY23 Q3 FY22 Ended impact of Growth Growth FY22 Growth FY 23 Change in Useful Life Revenue from Operations (A) 1,854 1,892 (2)% 1,503 23% 5,439 5,439 4,004 36% Total Expenses (B) 1,119 1,193 (6)%
Slide 19: Balance Sheet
BALANCE SHEET As at 31st As at 31st As at 31st As at 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Dec’ 2022 Mar’ 2022 Dec’ 2022 Mar’ 2022 Shareholder's fund Non-current assets 193 193 (a) Property, plant and equipment 2,163 2,141 (a) Equity share capital (b) Right-of-use assets 13 13 (b) Oth
Slide 20: Cash Flow Statement
CASH FLOW STATEMENT Particulars (INR Mn) 9 Months Ended FY23 FY 22 Pre-Tax Profit 1,882 2,044 Change in other operating activities ( including non-cash Items) (116) (139) Change in Working capital (13) (389) Taxes Paid (387) (572) Net cash generated from Operating Activities (A) 1,366 944 Investment
Slide 21: Financial Charts (Consolidated)
FINANCIAL CHARTS (CONSOLIDATED) Revenue from Operations Music Licensing Revenue PAT (INR Mn) Diluted EPS (INR) (Turnover) (INR Mn) (INR Mn) 1,526 * 8.4 1,135 * 3,585 5,806 6.5 5,447 5,215 * 2,839 4,420 2,361 543 3,566 435 1,949 1.6 283 3.1 1,478 2.5 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
Slide 22: 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