Slide 1: Prime Focus Limited Q4 & FY17 Investor Presentation
Prime Focus Limited Q4 & FY17 Investor Presentation May 2017
Slide 2: Safe Harbor
Safe Harbor Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ m
Slide 3: Contents Page
Contents Page Q4 & FY17 Performance 04-16 About Prime Focus 17-23 Annexure 24-28 Financials 24-27 Shareholding pattern 28
Slide 4: Q4 & FY17 Performance
Q4 & FY17 Performance
Slide 5: Prime Focus' Transformation into a Global Leader takes shape
Prime Focus’ Transformation into a Global Leader takes shape . . . FY14 FY17 Delivering performance as guided Consolidated Bundled high-end services for biggest Income 8.4 21.8 M&E clients across the globe (In Rs bn) UP 2.6 X People 4,300 9,000+ Globalisation and Integration initiative largely behin
Slide 6: Driven by continued strong performance across businesses
Driven by continued strong performance across businesses Creative Services: Working on Technology Services: FMS: Worked on top Bollywood Hollywood Blockbusters multiple renewals and new hits client wins $1,143 mn $1,068 mn Rs 7.4 bn Rs 2.9 bn $814 mn $746 mn $562 mn Rs 2.4 bn Rs 2.2 bn Rs 2.1 bn Big
Slide 7: FY17: Delivers robust financial performance ahead of plan
FY17: Delivers robust financial performance ahead of plan Figures in Rs Million; Consolidated financials Adjusted EBITDA / PAT/ Consolidated Income EBITDA Margin* PAT Margin 6000 1500 1,274 10% 21,781 5,014 25% 1000 19,061 5000 500 5% 23.0% 20% 5.9% 4000 3,348 0 0% 15% -500 12M ending Mar'16 12M end
Slide 8: Q4FY17 reports best quarter in history
Q4FY17 reports best quarter in history . . . . Figures in Rs Million; Consolidated financials Adjusted EBITDA / PAT/ Consolidated Income EBITDA Margin* PAT Margin 6,589 2000 1,842 30% 1000 10% 1800 387 25% 500 5.9% 0% 1600 27.9% 0 1400 -10% 20% 1200 Qtr ending Mar'16 Qtr ending Mar'17 4,778 1000 936
Slide 9: Creative Services delivers robust profitable growth, revenue up 17%, EBITDA margin over 20%
Creative Services delivers robust profitable growth, revenue up 17%, EBITDA margin over 20% Figures in Rs Million; Consolidated financials Revenue Adjusted EBITDA / EBITDA Margin 16,712 4000 30% 3,482 14,237 3500 25% 3000 2500 2,205 20% 2000 20.8% 15% 1500 15.5% 17% YoY 58% YoY 10% 1000 5% 500 0 0%
Slide 10: Working with current and upcoming Hollywood hits
Working with current and upcoming Hollywood hits Delivered in Q4 FY17 Robust Order book over $250 mn+ Transformers: Pacific Rim: Geostorm The Mummy The Last Knight Uprising Beauty and the Beast Fast & Furious 8 Dunkirk Justice League Wonder Woman Annihilation Kong: Skull Island The Great Wall Invest
Slide 11: PFT, continues to deliver EBITDA Margin in range of 25-30%
PFT, continues to deliver EBITDA Margin in range of 25- 30% Figures in Rs Million; Consolidated financials Revenue Adjusted EBITDA / EBITDA Margin 3,413 2,964 1000 898 35% 900 796 30% 800 700 25% 600 26.9% 26.3% 20% 500 15% 15% YoY 400 13% YoY 300 10% 200 5% 100 0 0% 12M ending Mar'16 12M ending Mar
Slide 12: Strong growth momentum with new Clients wins and product updates
Strong growth momentum with new Clients wins and product updates FY17 Revenue Analysis Project 26% ROW 35% Produ Servic ct es Annuit 52% 48% India y 65% 74% By Geography By Contract type By Product Mix New client wins & new orders from existing clients Above Revenue breakup is for FY17. Signed d
Slide 13: India FMS, leadership in fast growing Indian M&E Market
India FMS, leadership in fast growing Indian M&E Market Figures in Rs Million; Consolidated financials Revenue EBITDA / EBITDA Margin 700 40% 1544 1545 588 35% 600 38.0% 523 30% 500 33.9% 25% 400 20% 300 15% 200 10% 100 5% 0 0% 12M ending Mar'16 12M ending Mar'17 12M ending Mar'16 12M ending Mar'17
Slide 14: Working with current and upcoming Bollywood Hits
Working with current and upcoming Bollywood Hits Movies delivered in Q4 FY17 Strong Order Book TVCs Investor Update Q4 & FY17 14
Slide 15: Debt profile
Debt profile Consolidated debt down at Rs. 1,428 crore in Mar’17 compared to Rs. 1,498 crore in Dec’16 Net Debt (Debt-Cash) at Rs. 1,255 crore, Cash and cash equivalents at Rs 173 crore Net Debt/EBITDA FY17 2.5X vs 4.0X1 for FY16 Right sizing the capital structure across all entities; contin
Slide 16: Q4FY17: Segmental Analysis
Q4FY17: Segmental Analysis Segment-wise revenues 5,406 Qtr ending Mar'16 Qtr ending Mar'17 3,465 56% YoY 13% 765 866 YoY 429 343 Creative Services Tech / Tech Enabled Services India FMS Segment-wise Adjusted EBITDA 1,497 Qtr ending Mar'16 Qtr ending Mar'17 614 245 217 144% 172 42% YoY YoY 72 Creativ
Slide 17: About Prime Focus
About Prime Focus
Slide 18: PFL one of the world's largest independent & integrated media services players
PFL one of the world’s largest independent & integrated media services players Rs 21.5 bn conglomerate growing @ 23% FY(12-17), 80%+ revenue from overseas. . . Distinct Leadership in fast growing Indian Market • Visual Effects / DI India • Colour Grading FMS • Camera Rental (7%) • Shooting Floors Le
Slide 19: Creative Svs: World's No. 1 independent Tier 1 player
Creative Svs: World’s No. 1 independent Tier 1 player Strong Leadership Proven Expertise Tier-1 Visual Effects House of choice 2 consecutive Player & 30% Market for VFX & 3D Oscar wins for Share in 3D Services for Tier Interstellar & Conversion market 1 Studios Ex Machina Top Grossers Unprecedented
Slide 20: PFT: Pioneer & leader in cloud solutions for M&E industry
PFT: Pioneer & leader in cloud solutions for M&E industry Owns & operates Robust growth in Strong revenue model with World’s only hybrid cloud Robust order book of 74% Annuity contribution & revenue, up 10.3x enabled Media ERP $200 mn to be executed 35% from International at Rs 3.4 bn in last platfo
Slide 21: India FMS: Dominating on home turf
India FMS: Dominating on home turf Leading player in fast Owns India’s largest integrated High Margin in range of 30-40% growing Indian M&E studio with ~25% capacity of Margin in price competitive market Mumbai studio market Bollywood market, testimony to PFL’s Quality work Excellent relationships w
Slide 22: Robust financial performance
Robust financial performance. . . Revenue Segmental Contribution 21,781 India FMS; Technolog 7% 16,076 y Services; 13,828 16% 10,814 7,719 7,622 Creative Services; 77% FY12 FY13 FY14* FY15 FY16** FY17 * FY14 & FY16 financials represent 15 & 9 months respectively EBITDA Cash Profit (PAT +Dep) EBITDA
Slide 23: 'WorldSourcing' model = unmatched competitive edge
‘WorldSourcing’ model = unmatched competitive edge Global network providing highest quality, fastest time to market & most efficient pricing 4 continents | 6 time zones | 15 locations | 24/7 – 365 days Investor Update Q4 & FY17 23
Slide 24: Annexure
Annexure
Slide 25: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Quarter Quarter Quarter 12M 12M % YoY % QoQ Particulars (Rs Million) ending ending ending ending ending Y-o-Y Variance Variance Mar'17 Mar'16 Dec'16 Mar'17 Mar'16 Net sales / income from operations 6,537 4,657 40% 5,072 29% 21,536 19,010 13% Other Income 52 120 -
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet Standalone Consolidated March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 Assets Non-current Assets Property, Plant and Equipment 3,885 4,031 7,298 8,008 Capital Work In Progress 9 3 27 9 Intangible assets - - 8,188 9,698 Intangible assets under development 31 31
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet Standalone Consolidated March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016 Equity Equity Share Capital 299 299 299 299 Share Suspense - - - - Other Equity 10,668 10,784 5,266 3,783 Equity attibutable to equity holders of the parent 10,967 11,083 5,565 4,082 Non-co
Slide 28: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Quarter Quarter Quarter 12M 12M % YoY % QoQ Particulars (Rs Million) ending ending ending ending ending Y-o-Y Variance Variance Mar'17 Mar'16 Dec'16 Mar'17 Mar'16 Net sales / income from operations 343 429 -20% 386 -11% 1,545 1,544 0% Other Income 27 44 -39% 74 -64
Slide 29: PFL Shareholding Pattern
PFL Shareholding Pattern As on 31st March- 2017 Outstanding shares – 299mn Others Public; 7.9% Promoters; SCPE; 35.0% 22.0% RMW Financial Services ; 35.1% Investor Update Q4 & FY17 29
Slide 30: Contact us
Contact us Alok Gupta Nisha Kakran/ Seema Shukla Prime Focus Limited Four-S Services Pvt Ltd Phone: +44 7491653623 Phone: +91 7718811182/+91 124 4251442 Email: alok.gupta@primefocus.com Email: nisha.kakran@four-s.com seema@four-s.com www.primefocus.com © 2017 Prime Focus Limited. All Rights Reserved
Slide 31: About Prime Focus Limited
About Prime Focus Limited Prime Focus Limited (PFL), the world’s largest independent integrated media services powerhouse, employs over 9,000 professionals in 15 cities across 4 continents and 6 time zones. We provide end-to-end creative services (visual effects, stereo 3D conversion and animation),