Saregama India Limited · NSE:SAREGAMA
Saregama India — Q2 FY23 Earnings Presentation
41 slides from Saregama India's earnings presentation, Oct 31, 2022
Slide 1: Outcome of Board Meeting held on 31st October, 2022
Date: 31st October, 2022 The Manager, The Listing Department Listing Department, BSE Limited, National Stock Exchange of India Ltd., 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 letter continuation and signature
The details/disclosures as required under Regulation 30 and Schedule III of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 (the “SEBI Circular”) is enclosed herewith as “Annexure A”. This information is available on the website of the Company ww
Slide 3: Annexure A: Change in Registrar & Share Transfer Agent
“Annexure – A” In compliance of Regulation 30 and Schedule III of the SEBI Listing Regulations read with the SEBI Circular, please find requisite information of change in Registrar & Share Transfer Agent (RTA) Sr.no Particulars Remarks 1 Reason for discontinuation As M/s Link Intime India Private Li
Slide 4: Limited Review Report on consolidated financial results
B S R & Co. LLP Chartered Accountants Unit No. 603, 6 th 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 t
Slide 5: Limited Review Report (continued)
B S R & Co. LLP 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 and measurement principles laid down in the aforesaid Ind
Slide 6: Statement of Consolidated Financial Results
~~ RP - SanJiv Goenka Group ,~"'Y9P" Sarecama India Limited Relistered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.sare,:ama.com, Email id: co.sec@sarecama.com, Phone no: 033-2551-2984 CIN:U2213WB1946PLC014346 (Rs. in Lakbs) Statement of Consolidated Financial Results for the Three
Slide 7: Consolidated Segment wise Revenue and Results
~ ~ RP • SanJlvGoenka Group Sarecama India Limited Relistered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.sare,:ama.com, Email id: co.sec@sarecama.com, Phone no: 033-2551-2984 ,. CIN:U2213WB1946PLC014346 (Rs. in Lakbs) Consolidated Segment wise Revenue, Results, Assets and Liabilit
Slide 8: Consolidated Statement of Assets and Liabilities
RP- Sant v Goenka Group Saregama India Limited Registered Office: 33, Jessore Road, Dum Oum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:U2213WB1946PLC014346 (Rs. in Lakhs) Consolidated Statement of Assets and Liabilities Asat Asat SI. Particul
Slide 9: Consolidated Statement of Cash Flows
~ ---r RP - SanI1v Goenka rr Group Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolka.ta - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 ·• (Rs. in Lakhs) Consolidated Statement of Cash Flows 6 Months ended 6 M
Slide 10: Notes to consolidated results
RP · SanJlv Goenka Gtoop The aforementioned results for the three months and six months ended 30 September 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 31 October 2022 ' and approved by the Board of Directors of the Parent Company at their meeting held on e
Slide 11: Limited Review Report on standalone financial results
B S R & Co. LLP Chartered Accountants Unit No. 603, 6 th 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 12: Statement of Standalone Financial Results
~~ RP - SanJlvGoenka Group Saregama India Limited Registered Oflke: 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 Lakbs) Statement of Standalone Financial Results for the Three Months
Slide 13: Standalone Segment wise Revenue and Results
--,~ Ji:. RP - SanJlv Goenka Group Saregama India Limited Registered Of'J'ke: 33, Jeuore Road, Dum Dum, Kolkata- 700 028 web: l'l-ww,saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN,L22213WBl946PLC0l4346 .• , (R,. in Laklu) Standalone Sumeot wbe Revenue Results Alset1 and Lia
Slide 14: Standalone Statement of Assets and Liabilities
~ , ')..r-·.. RP - S G101.1p njlv Goenka 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 Statement of Assets and Liabilities As at
Slide 15: Standalone Statement of Cash Flows
~~ AP · S nJlv Goenka rr Gtoup Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolka.ta - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 (Rs. in Lakhs) Standalone Statement of Cash Flows 6 Months ended 6 Months end
Slide 16: Notes to standalone results
RP - san1 "Goenka. Group The aforementioned results for the three months and six months ended 30 September 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 31 October 2022 ' and approved by the Board of Directors of the Company at their meeting held on even dat
Slide 17: Q2 FY23 YoY Growth: Revenue by 30%, PAT by 36%
Q2 FY23 YOY Growth: Revenue by 30%. PAT by 36% Building IP for Tomorrow Mumbai, October 31, 2022: Saregama, a RPSG Group company, announced its financial results for the Quarter and Half Year Ended September 30, 2022. The Company posted highest ever Operating Revenue for the quarter to reach Rs.1,89
Slide 18: About Saregama India Limited and RPSG Group
About Saregama India Limited: Saregama India Limited, formerly known as The Gramophone Company of India Ltd is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes S
Slide 19: Saregama India Limited Quarterly Presentation Q2 FY23
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q2 FY23
Slide 20: 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, 65 films, 1 web-series,
Slide 21: 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 Netflix, Spotify, Saavn, Amazon, etc. Social Media Music YouTube, Facebook, etc. Films ~750M smart phones Video Sharing driving driving Web Series Cheap Dat
Slide 22: Strategic Overview: Pure Play Content Company
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 23: Saregama wants to take market leadership 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 24: 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 25: Our Licensing Partners
OUR LICENSING PARTNERS Streaming Partners Broadcasting Partners Video Streaming Partners Music Music + Films & Series Music + Films & Series v uVideo v Social Media Platforms Brands Music + Films & Series Music 7
Slide 26: Operational Highlights
OPERATIONAL HIGHLIGHTS 8
Slide 27: Music Segment Posted Highest Ever Quarterly Revenue
MUSIC SEGMENT POSTED HIGHEST EVER QUARTERLY REVENUE MUSIC SEGMENT REVENUE PER QUARTER (INR Mn) 1509 1333 1271 1274 1216 1153 1142 1004 1013 917 919 696 Q3-FY20 Q4-FY20 Q1-FY21 Q2-FY21 Q3-FY21 Q4-FY21 Q1-FY22 Q2-FY22 Q3-FY22 Q4-FY22 Q1-FY23 Q2-FY23 Revenue grew 24% Y-o-Y to reach INR 1509 Mn in Q2FY2
Slide 28: Music Segment Licensing: Monetisation
MUSIC SEGMENT LICENSING : MONETISATION • Brand Licenses: YOUTUBE VIEWS (Bn) PER QUARTER WhatsApp, Uber, Dettol, One Card etc. Zomato, Colorbar product integrations in New Songs 44 39 36 • Digital Content Licenses: 33 32 Coke Studio Bangladesh, Delhi Crime Season 2 (Netflix) etc. 30 • Film Sync Licen
Slide 29: Music Segment: Content Creation (Film Albums)
MUSIC SEGMENT : CONTENT CREATION Film Albums released in Q2 HINDI TELUGU TAMIL MALAYALAM KANNADA Balki Film Chiranjeevi / Salman Film Kalyan Ram Film Dhanush Film Manju Warrier Film Dhananjaya BENGALI Anurag Kashyap film Sudheer Babu Manchu Vishnu & Jiiva Film Soubin Shahir Sunny Leone PUNJABI Shubh
Slide 30: Music Segment: Content Creation (Non-Film Songs)
MUSIC SEGMENT : CONTENT CREATION 223 Non-Film Songs released in Q2 HINDI BHOJPURI GUJARATI PUNJABI BENGALI DEVOTIONAL Adnan Sami Pawan Singh Rakesh Barot Satinder Sartaj Usha Uthup Hansraj Raghuwanshi Fastest 50M on YT Shaan / Neeti Mohan Khesari Lal Yadav Kajal Maheriya Luvdeep Saini Iman Chakrabor
Slide 31: Saregama partners Arijit Singh to create original songs
MUSIC SEGMENT : CONTENT CREATION Multi Songs Multi Language Multi Years Saregama partners Arijit Singh Partnership to create original songs “ It is a proud moment for us to associate with a talent powerhouse like Arijit and TM Ventures. Saregama has always believed in bringing the best music to its
Slide 32: Music Segment: Retail (Carvaan Sales)
MUSIC SEGMENT : RETAIL Retail: Carvaan Sales (units ‘000s) 156 • Momentum building back. Unit Sales grows by 50% Y-o-Y 141 112 • Carvaan Mobile volumes building up 103 98 • Carvaan Go being phased out 45 • Margin % similar on all Carvaan variants : base model, Mini, Mobile, Music Bar Q1-FY22 Q2-FY22
Slide 33: Films, Web Series & TV Segment
FILMS, WEB SERIES & TV SEGMENT Films and Web Series Future Outlook • Announced second Malayalam film • First Punjabi film “Oye Makhana” with superstar Prithviraj Sukumaran starring Amy Virk set to release on “Khalifa” 3rd November’22. • Announced next action pack • “Kaapa” Starring superstar Malayal
Slide 34: New Initiatives: Live Music Events
NEW INITIATIVES Live Music Events ➢ “Saregama's Live” with India’s biggest live Performance star Diljit Dosanjh, continued its success overseas • 6 concerts were held in USA in Q2FY23 : New Jersey, Fairfax, Dallas, Houston, Los Angeles and Oakland ➢ Saregama Live’s next project is the stage adaptati
Slide 35: Financial Highlights Consolidated
FINANCIAL HIGHLIGHTS CONSOLIDATED 17
Slide 36: Quarterly Financial Summary
QUARTERLY FINANCIAL SUMMARY Particulars (INR Mn) Q2 FY23 Q1 FY23 Q-o-Q Growth Q2 FY22 Y-o-Y Growth Revenue from Operations • Music 1,509 1,274 18% 1,216 24% • Films, Television serials and Events 341 386 (12)% 223 53% • Publication 42 33 27% 12 250% Revenue from Operations 1,892 1,693 12% 1,451 30%
Slide 37: OIBCID to PAT
OIBCID to PAT H1-FY23 without Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q2-FY23 Q1-FY23 Q2-FY22 H1-FY 23 impact of H1-FY 22 Growth Growth Growth Change in Useful Life Revenue from Operations (A) 1,892 1,693 12% 1,451 30% 3,585 3,585 2,500 43% Total Expenses (B) 1,193 1,046 14% 916 30% 2,239 2,239 1,544
Slide 38: Balance Sheet
BALANCE SHEET As at 30th As at 31st As at 30th As at 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Sept’ 2022 Mar’ 2022 Sept’ 2022 Mar’ 2022 Shareholder's fund Non-current assets 193 193 (a) Property, plant and equipment 2,140 2,141 (a) Equity share capital (b) Right-of-use assets 16 13 (b) O
Slide 39: Cash Flow Statement
CASH FLOW STATEMENT Particulars (INR Mn) H1-FY 23 FY 22 Pre-Tax Profit 1,178 2,044 Change in other operating activities ( including non-cash Items) 7 (139) Change in Working capital 162 (389) Taxes Paid (240) (572) Net cash generated from Operating Activities (A) 1,107 944 Investment in Fixed Deposi
Slide 40: 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 41: 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