Saregama India Limited · NSE:SAREGAMA
Saregama India — Q3 FY21 Earnings Presentation
28 slides from Saregama India's earnings presentation, February 2021
Slide 1: Saregama India Limited Quarterly Presentation Q3 FY21
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q3 FY21
Slide 2: Snapshot
Snapshot India’s oldest music label and youngest film production house Producing digital thematic films targeted at the youth segment. 15 movies released on Consistent Dividend Yield and Netflix / Disney Hotstar/Zee5 in 3 yrs Zero Debt Company Leading producer in terms of number of hours of content
Slide 3: Saregama: India's Only Entertainment Company
Saregama INDIA’S ONLY Entertainment Company into MUSIC LICENSING DIGITAL as well as FILMS RETAIL PHYSICAL Music Films Television Serials Retail Business India’s Largest Music IP Content IP rights of Content IP rights of Distribution network 130k+ 60 6k+ 30k Songs Films Hours of Television Serials Re
Slide 4: Strategic Overview: Digitisation Driving Growth
Strategic Overview D I G I T I S AT I O N D R I V I N G G R OW T H Digital Increase in Increase Demand for Boom in India in App Usage Content Video/Music Streaming Music Netflix / Spotify / Gaana ~700M Video Sharing Films smart phones driving Youtube / Facebook / TikTok driving Games Cheap Data Gami
Slide 5: Strategic Overview
Strategic Overview To be a Pure Play Content Company capitalizing on the global content consumption boom driven by the ever-increasing Digitization Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform Monetisation of Existing IP Carvaan transitioning from being a Produ
Slide 6: Fast Growing Music Licensing Revenue
Saregama Music IP Licensing Revenue (INR Mn) Fast Growing FY20 FY19 1,949 2,381 Licensing Revenue FY18 1,478 FY17 1,388 On account of A. Growing customer interest in Retro Music B. Saregama’s Investment in New Music C. Presence across all Indian Languages Catalogue Usage (Bn) Share of Saregama’s Son
Slide 7: Our Music Licensing Partners
Our Music Licensing Partners Music Streaming Platforms Broadcasting Platforms Video Streaming Platforms v v v Social Media Platforms 7
Slide 8: Operational Highlights
OPERATIONAL HIGHLIGHTS 8
Slide 9: Music Segment Operational Highlights
Music Segment Operational Highlights Steadily growing Music Licensing Revenue 2,381 (INR MN) 1,949 1,478 1,388 1,297 FY16 FY17 FY18 FY19 FY20 WHAT’S NEW YOUTUBE VIEWS (MN) PER QUARTER • Hindi Original song ‘Maula’ by Papon released • Entered EDM segment with Dj Bhediya • 40 Bhojpuri songs with top i
Slide 10: Music Segment Operational Highlights
Music Segment Operational Highlights • Carvaan sales picking up Carvaan Sales (units ‘000s) • Retail network fully operational • Footfalls in stores still low • Share of Digital sales going up 250 198 Covid19 Impact • 289 Podcast stations with average daily consumption of 39 mins per user on Carvaan
Slide 11: Films & TV Segment Operational Highlights
Films & TV Segment Operational Highlights Film Segment • Comedy Couple released on Future Outlook Zee5 on 21st October’20 One more movie to be released in Q4 Marathi Movie Zombivli shoot over. To be released in FY22 TV Segment • Roja continues to hold number 1 serial position Future Outlook across T
Slide 12: Financial Highlights Consolidated
FINANCIAL HIGHLIGHTS CONSOLIDATED 12
Slide 13: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q3-FY21 Q2-FY21 Q-o-Q Growth Q3-FY20 Y-o-Y Revenues • Music 1,142 1,004 14% 1,153 (1)% • TV & Films 186 66 182% 122 52% • Publication 11 11 - 20 (45)% Turnover 1,339 1,081 24% 1,295 3% PBT 414 382 8% 138 200% PAT 316 289 9% 105 201% Revenue (INR Mn) P
Slide 14: Financial Performance
Financial Performance Q-o-Q Particulars (INR Mn) Q3-FY21 Q2-FY21 Q3-FY20 Y-o-Y Growth 9M FY 21 9M FY 20 Y-o-Y Growth Growth Turnover 1,339 1,081 24% 1,295 3% 3,185 4,128 (23)% Other Income 34 34 - 27 26% 122 78 56% Total Revenue 1,373 1,115 23% 1,322 4% 3,307 4,206 (21)% Total Expenses 939 712 32% 1
Slide 15: Balance Sheet
Balance Sheet As on 31st As on 31st As on 31st As on 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Dec 2020 Mar 2020 Dec 2020 Mar 2020 Shareholders Fund Non Current Fixed Assets (a) Property, Plant and Equipment 2,043 2,053 (a) Equity Share Capital 174 174 (b) Right of use Asset - 5 (b) Other
Slide 16: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) 9M-FY21 FY20 Pre-Tax Profit 1,016 603 Change in other operating activities ( Non Cash Items) (20) 25 Change in Working capital 883 388 Taxes Paid (184) (221) Net cash generated from/(used in) Operating Activities (A) 1,695 795 Purchase of Fixed Assets (Includ
Slide 17: Financial Highlights Standalone
FINANCIAL HIGHLIGHTS STANDALONE 17
Slide 18: Financial Performance
Financial Performance Q-o-Q Particulars (INR Mn) Q3-FY21 Q2-FY21 Q3-FY20 Y-o-Y Growth 9M-FY21 9M-FY20 Y-o-Y Growth Growth Turnover 1,312 1,077 22% 1,237 6% 3,132 3,947 (21)% Other Income 34 29 17% 26 31% 118 87 36% Total Revenue 1,346 1,106 22% 1,263 7% 3,250 4,034 (19)% Total Expenses 946 727 30% 1
Slide 19: Balance Sheet
Balance Sheet As on 31st As on 31st Assets (INR Mn) As on 31st As on 31st Equity and Liabilities (INR Mn) Dec 2020 Mar 2020 Dec 2020 Mar 2020 Non Current Fixed Assets Shareholders Fund (a) Property, Plant and Equipment 2043 2,052 (a) Equity Share Capital 174 174 (b) Right to use assets - 4 (b) Other
Slide 20: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) 9M-FY21 FY20 Pre-Tax Profit 976 658 Change in other operating activities ( Non Cash Items) (24) 44 Change in Working capital 908 362 Taxes Paid (183) (218) Net cash generated from/(used in) Operating Activities (A) 1,677 846 Purchase of Fixed Assets (Includin
Slide 21: Historical Financials
HISTORICAL FINANCIALS 21
Slide 22: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5,215 5,447 3,566 Other Income # 112 564 102 Total Revenue 5,327 6,011 3,668 Total Expenses 4,610 5,065 3,203 EBITDA 717 946 465 EBITDA Margin (%) 14% 17% 13% Depreciation 47 33 42 Finance Cost 67 66
Slide 23: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY20 FY19 FY18 Assets (INR Mn) FY20 FY19 FY18 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2,053 2,057 1,884 (b) Other Equity 3,814 4,107 3,643 (b) Right to use
Slide 24: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY20 FY19 FY18 Revenue from Operations 5,001 5,244 3,456 Other Income# 115 595 142 Total Revenue 5,116 5,839 3,598 Total Expenses 4,347 4,921 3,115 EBITDA 769 918 483 EBITDA Margin (%) 15% 16% 14% Depreciation 44 30 38 Finance Cost 67 66 34
Slide 25: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Equity and Liabilities (INR Mn) FY20 FY19 FY18 Assets (INR Mn) FY20 FY19 FY18 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2,052 2,056 1,881 (b) Right of use Asset 4 (b) Other Equity 3,964 4,087
Slide 26: Financial Charts (Consolidated)
Financial Charts (Consolidated) Revenue from Operations Music Licensing Revenue PAT (INR Mn) Diluted EPS (INR) (Turnover) (INR Mn) (INR Mn) 31.2 543 5,447 5,215 25.3 2,381 435 1,949 3,566 16.2 283 1,478 1,388 1,297 5.0 2,217 3.9 2,185 86 69 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY17 FY18
Slide 27: Capital Market Data
Capital Market Data 120% 100% 80% 60% 40% 20% Saregama 0% Sensex -20% -40% -60% -80% Jan/20 Feb/20 Mar/20 Apr/20 May/20 Jun/20 Jul/20 Aug/20 Sep/20 Oct/20 Nov/20 Dec/20 Price Data (As of 31st December, 2020) INR Shareholding Pattern as on 31st December 2020 Face Value 10.0 Others Market Price 834.4
Slide 28: 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