Zee Entertainment Enterprises Limited · NSE:ZEEL

Zee Entertainment Enterprises — Q2 FY24 Earnings Presentation

14 slides from Zee Entertainment Enterprises's earnings presentation, Nov 9, 2023

  1. Slide 1: Earnings Update for Q2 FY24

    Earnings Update for Q2 FY24 Zee Entertainment Enterprises Limited – 09 November 2023

  2. Slide 2: 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

  3. Slide 3: Q2 FY24 Revenue Grew by 20.5% YoY; Strong Performance in Digital and Healthy Viewership Gains in Linear

    Q2 FY24 Revenue Grew by 20.5% YoY; Strong Performance in Digital and Healthy Viewership Gains in Linear 17.9% 20.5% 13.6% Q2 FY24 All India TV Network Share; YoY Total Operating Revenue Increased; EBITDA Margin; Up 90bps QoQ Q2 FY24 Revenue Rs 24,378 Mn Q2 FY24 EBITDA of Rs 3,328 Mn 59% 22 ZEE5 YoY

  4. Slide 4: Business Performance

    Extraordinary Together

  5. Slide 5: Domestic Linear: TV Landscape Remains Healthy; Zee Network Gains Market Share in Several Key Markets

    Domestic Linear: TV Landscape Remains Healthy; Zee Network Gains Market Share in Several Key Markets TV Reach and Impressions ZEE Network Share 17.9% Weekly Reach (mn) Weekly Impressions (bn) 17.0% 17.3% 17.0% 16.5% 16.5% 764 764 29.4 758 28.3 28.5 Total TV viewership improved QoQ Q1 FY23 Q2 FY23 Q3

  6. Slide 6: ZEE5: Revenue Up 59% YoY Driven by Higher Subscription & Syndication Deal

    ZEE5: Revenue Up 59% YoY Driven by Higher Subscription & Syndication Deal; Operating Leverage & Prudent Cost Management Narrows EBITDA Losses Q2 FY24 Highlights Total Revenue (Rs Mn) ➢ 22 shows and movies (incl. 4 originals) released during the quarter 2,652 Q2 FY24 Impact Releases 2,200 1,943 1,939

  7. Slide 7: ZEE Studio: Hindi and Other Language Movies Released During Q2 FY24

    ZEE Studio: 2 Hindi and 4 Other Language Movies Released During Q2 FY24 Gadar 2: Zee Studio’s highest-gross box office collection in Hindi film One of the Movie that attracted the highest footfalls for a hindi film ever. Produced by Produced by ZEE Studio ZEE Studio Produced by ZEE Studio Other Hind

  8. Slide 8: Zee Music Company (ZMC) 2nd Largest Music Label with ~142Mn Subscribers on YouTube

    Zee Music Company (ZMC) 2nd Largest Music Label with ~142Mn Subscribers on YouTube All ZMC YouTube Channels Video Views & Subscribers Count 45 42 21 137 142 125 Q2 FY23 Q1 FY24 Q2 FY24 Total Subs count (Mn) Total Video Views during the Quarter (Bn) Zee Music Company witnessed 7% QoQ growth on video

  9. Slide 9: Financial Performance

    Financial Performance 9

  10. Slide 10: Q2 FY24 EBITDA Margin at 13.6%; QoQ Increased by 580bps

    Q2 FY24 EBITDA Margin at 13.6%; QoQ Increased by 580bps, YoY Margins Lower due to Increase in Content Cost and Investment in ZEE5 Operating Revenue Breakup (Rs Mn) (INR Million) Q2 FY23 Q1 FY24 Q2 FY24 QoQ YoY QoQ 4% 2% 322% Operating Revenue 20,239 19,838 24,378 22.9% 20.5% YoY 3% 8% 201% Expenditu

  11. Slide 11: Q2 FY24: Soft Advertising Environment Offset by Pickup in Subscription Revenue

    Q2 FY24: Soft Advertising Environment Offset by Pickup in Subscription Revenue post NTO 3.0 and Higher Syndication & Theatrical Revenue ➢ Domestic Ad revenues came at Rs 9,411 Mn, QoQ up by 4.4%, YoY declined by 2.1% Advertising ➢ While some early pick up in Ad spending was witnessed led by FMCG dur

  12. Slide 12: Condensed Balance Sheet

    Condensed Balance Sheet Assets (Rs. Mn) Mar'23 Sept'23 Liabilities (Rs. Mn) Mar'23 Sept'23 Non-Current Assets Equity Capital 1,07,219 1,07,902 Fixed assets 13,789 13,025 Non-Current Liabilities Investments 349 390 Lease Liab/Other borrowings 2,167 1,856 Other financial assets 589 589 Provisions 1,36

  13. Slide 13: Content Inventory, Advances and Deposits Declined in Q2 FY24

    Content Inventory, Advances and Deposits Declined in Q2 FY24 Driven by Movie Releases and Syndication Rs 64.1 bn Rs 62.7 bn Rs 72.5 bn Rs 79.6 bn Rs 79.6 bn Rs 76.7 bn 12% 8% 8% 8% 17% 14% 13% 14% 14% Content Advances & 9% 11% 7% Deposits 14% 13% 14% 14% 14% 14% Movies Production, Music & Others Sho

  14. Slide 14: Extraordinary Together

    3 Extraordinary Together

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