Saregama India Limited · NSE:SAREGAMA
Saregama India — Q4 FY2019 Earnings Presentation
23 slides from Saregama India's earnings presentation, March 2019
Slide 1: Saregama India Limited Q4 / FY19 Earnings Presentation
SAREGAMA INDIA LIMITED Q4 / FY19 EARNINGS PRESENTATION
Slide 2: Slide 2
Slide 3: Snapshot
Snapshot India’s oldest music label and High Dividend Yield and a Zero Strong and professional youngest film production house Debt Company management team with experienced stalwarts from the entertainment industry Owning Intellectual Property (IP) India’s first song was recorded in Digital licensing
Slide 4: Company Overview
Company Overview • Saregama India Ltd., an RP Sanjiv Goenka Group Company, is India's oldest music label, youngest Consolidated Revenues from film studio and a multi-language TV content producer. Over the years, the Company has Operations expanded its business from audio to home video, publishing, d
Slide 5: Strategic Overview
Strategic Overview Rising Smartphone Falling Rising Individual Ownership Data Prices Falling Piracy based Content 450-500M >Rs3/GB Consumption Content Consumption thru Legal means Going Up • Indians spent 30% of their phone time on entertainment • 325M people viewed video online in 2018 growing @25%
Slide 6: Strategic Overview
Strategic Overview Saregama’s longlong Saregama’s term strategy term isistotobe strategy beaapure playcontent pure play contentcompany company capitalising capitalising ondata on the the boom globalglobally data boom Highermonetisation Diversified monetisation ofofExisting IP IP Existing to to fund
Slide 7: Business Verticals
Business Verticals Saregama is the pioneer of the Indian music industry and has evolved into a premier diversified content player with Intellectual property rights of songs, TV serials, movies having presence across platforms like television, radio, digital, telecom, etc. Business Verticals Music Se
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Last 3 years Track Record
Last 3 years Track Record Total Revenue (INR Mn) PAT (INR Mn)and PAT Margin (%) ROCE* (%) 9% 6,011 8% 22.2% 543 3,668 283 14.3% 4% 2,318 87 5.1% FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 *Capital Employed = share capita. security premium & free reserves Total Revenue grown by 160% PAT grown by 52
Slide 10: Financial Summary – Consolidated
Financial Summary – Consolidated Particulars (INR Mn) FY 18-19 FY 17-18 Y-o-Y Growth FY 16-17 Revenues from Operations • Music 4897 2968 65% 1442 • TV & Films 476 529 -10% 669 • Publication 74 68 8% 74 Revenue from Operations Total 5447 3566 53% 2185 PBT without SAR Provision 850 467 82% 185 PBT aft
Slide 11: Financial Performance – Consolidated
Financial Performance – Consolidated Particulars (INR Mn) FY19 FY18 Y-o-Y Growth Revenue from Operations 5,447 3,556 53% Other Income# 564 102 454% Total Revenue 6,011 3,668 64% Total Expenses 5,062 3,125 62% EBITDA* 949 543 75% EBITDA Margin (%) 16% 15% 7% Depreciation 33 42 -21% Finance Cost 66 34
Slide 12: Balance Sheet – Consolidated
Balance Sheet – Consolidated Equity and Liabilities (INR Mn) FY19 FY18 Assets (INR Mn) FY19 FY18 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 (a) Property, Plant and Equipment 2057 1,884 (b) Other Equity 4107 3,643 (b) Investment Properties 24 24 Net worth 4,281 3,817
Slide 13: Financial Summary – Standalone Quarterly
Financial Summary – Standalone Quarterly Particulars (INR Mn) Q4-FY19 Q3-FY19 Q-o-Q Growth Q4-FY18 Y-o-Y Growth Revenues from Operations • Music 1121 1385 -19% 916 22% • TV & Films 119 121 -2% 137 -13% Revenue from Operations Total 1240 1506 -18% 1053 18% PBT without SAR Provision 262 215 22% 178 47
Slide 14: Financial Performance – Standalone Quarterly
Financial Performance- Standalone Quarterly Particulars (INR Mn) Q4-FY19 Q3-FY19 Q-o-Q Growth Q4-FY18 Y-o-Y Growth Revenue from Operations 1240 1,506 -18% 1,054 18% Other Income 119 23 417% 74 61% Total Revenue 1359 1,529 -11% 1,128 20% Total Expenses 1074 1,290 -17% 930 15% EBITDA* 285 239 19% 198
Slide 15: Financial Performance – Standalone Yearly
Financial Performance – Standalone Yearly Particulars (INR Mn) FY19 FY18 Y-o-Y Growth Revenue from Operations 5244 3456 52% Other Income# 595 142 319% Total Revenue 5839 3598 62% Total Expenses 4917 3037 62% EBITDA* 922 561 64% EBITDA Margin (%) 16% 16% Depreciation 30 38 -21% Finance Cost 66 34 94%
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities Assets (INR Mn) FY19 FY18 FY19 FY18 (INR Mn) Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 2056 1,881 (b) Other Equity 4087 3,647 (a) Property, Plant and Equipment (b) Investment Properties 24 24 Net worth 4261 3,821 (c) I
Slide 17: FY19 Operational Highlights
FY19 Operational Highlights
Slide 18: Music Segment Operational Highlights
Music Segment Operational Highlights Q4-FY19 Operational Highlights: Carvaan Sales (units ‘000s) 2.9K new billing dealers added in Q4 total 22.5K dealers Gross margin improved to 132 146 164 229 297 214 25% from 22% in Q4 of last year. Q3-FY18 Q4-FY18 Q1-FY19 Q2-FY19 Q3-FY19 Q4-FY19 Festival sales C
Slide 19: Music Segment Operational Highlights
Music Segment Operational Highlights Hindi Regional OTT Streams (Mn) per Quarter 670 724 872 1003 1045 1228 Q3-FY18 Q4-FY18 Q1-FY19 Q2-FY19 Q3-FY19 Q4-FY19 YouTube Views (Mn) per Quarter 365 496 594 914 784 1109 Q3-FY18 Q4-FY18 Q1-FY19 Q2-FY19 Q3-FY19 Q4-FY19 Saregama invested Rs.56Mn in FY18 and Rs
Slide 20: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Q4-FY19 Operational Highlights: Films (Yoodlee) Television Business • Only studio in India to give • Serial Roja (2 Year old) 3 Netflix Original. moved to evening Prime Hamid: Time slot from noon • The film was featured in 13 • IP of Tamil TV Serial Roja is
Slide 21: Financial Charts (Consolidated)
Financial Charts (Consolidated) Total Revenue (INR Mn) EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) 16% 9% 8% 15% 11% 4% 2,318 3,668 6011 254 543 949 87 283 543 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 EBITDA EBITDA Margin (%) PAT PAT Margin (%) Diluted EPS PE Ratio ROCE* 22.2% 14.3% 5.0
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
Slide 23: Thank you
Jsare ga map soul of India Thank you