Saregama India Limited · NSE:SAREGAMA
Saregama India — Q3 FY23 Earnings Presentation
33 slides from Saregama India's earnings presentation, Jan 20, 2023
Slide 1: Outcome of Board Meeting held on 20th January, 2023
Date: 20th January, 2023 The Manager, The Listing Department Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Symbol: SAREGAMA Scrip
Slide 2: Board meeting outcome letter signature
This information is available on the website of the Company www.saregama.com. The Board meeting commenced at 2.30 pm and concluded at 4.15 pm. Kindly take the same on record. Yours faithfully, For SAREGAMA INDIA LIMITED PRIYANKA Digitally signed by PRIYANKA MOTWANI MOTWANI Date: 2023.01.20 16:17:58
Slide 3: Limited Review Report on consolidated financial results
B S R & Co. LLP Chartered Accountants Unit No. 603, 6th Floor, Tower 1, Telephone: +91 33 4035 4200 Plot No. 5, Block – DP, Godrej Waterside, Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata – 700091 Limited Review Report on unaudited consolidated financial results of Saregama India Limited for th
Slide 4: Limited Review Report (Continued)
B S R & Co. LLP Limited Review Report (Continued) Saregama India Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition
Slide 5: Statement of Consolidated Financial Results
Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 (Rs. in Lakhs) Statement of Consolidated Financial Results for the Three Months and Nine Months Ended 31 Dece
Slide 6: Consolidated Segment wise Revenue, Results, Assets and Liabilities
Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 (Rs. in Lakhs) Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Three Months and Ni
Slide 7: Notes to consolidated results
NOTES: 1 The aforementioned results for the three months and nine months ended 31 December 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 20 January 2023 and approved by the Board of Directors of the Parent Company at their meeting held on even date. These re
Slide 8: Limited Review Report on standalone financial results
B S R & Co. LLP Chartered Accountants Unit No. 603, 6th Floor, Tower 1, Telephone: +91 33 4035 4200 Plot No. 5, Block – DP, Godrej Waterside, Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata – 700091 Limited Review Report on unaudited standalone financial results of Saregama India Limited for the
Slide 9: Statement of Standalone Financial Results
Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 (Rs. in Lakhs) Statement of Standalone Financial Results for the Three Months and Nine Months Ended 31 Decemb
Slide 10: Standalone Segment wise Revenue, Results, Assets and Liabilities
Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 (Rs. in Lakhs) Standalone Segment wise Revenue, Results, Assets and Liabilities for the Three Months and Nine
Slide 11: Notes to standalone results
NOTES: 1 The aforementioned results for the three months and nine months ended 31 December 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 20 January 2023 and approved by the Board of Directors of the Company at their meeting held on even date. These results h
Slide 12: Saregama India Limited Quarterly Presentation Q3 FY23
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q3 FY23
Slide 13: 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 14: 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 15: 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 16: Catalogue Strength
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 17: Saregama Music IP: Fast Growing Licensing Revenue
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 18: 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 19: Operational Highlights
OPERATIONAL HIGHLIGHTS 8
Slide 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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 27: Financial Highlights Consolidated
FINANCIAL HIGHLIGHTS CONSOLIDATED 16
Slide 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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