Balaji Telefilms Limited · NSE:BALAJITELE
Balaji Telefilms — H1 FY2014 Earnings Presentation
37 slides from Balaji Telefilms's earnings presentation, November 2013
Slide 1: Balaji Telefilms Investor Presentation Q2 & H1 FY2014
W BaLajlI. Balaji Telefilms Limited Investor Presentation Q2 & H1 FY2014
Slide 2: Financials About Balaji Telefilms Television
Financials 3 - 22 About Balaji Telefilms 23 - 24 Television 25 - 27 Motion Pictures 28 - 33 Business Outlook FY2014 34 - 35 2
Slide 3: Performance Overview Q2 & H1 FY14
VW Performance Overview —Q2 & H1 FY14
Slide 4: Q2 & H1 FY14 (Standalone)
Q2 & H1 FY14 (Standalone) Results for Q2 FY14 • Revenues stood at ` 29,84 lacs {` 34,83 lacs in Q2 FY13} • EBITDA is at (` 65) lacs {` 73 lacs in Q2 FY13} • PAT is at ` 80 lacs {(` 1,16) lacs in Q2 FY13} Results for H1 FY14 • Revenues stood at ` 51,79 lacs {` 70,76 lacs in H1 FY13} • EBITDA is at (`
Slide 5: Q2 & H1 FY14 (Standalone) Contd…
Q2 & H1 FY14 (Standalone) Contd… • Lower margin owing to launch of two new shows which takes at least a quarter to stabilise: o Jodha Akbar a first time ever costume drama has achieved No.1 position on Zee TV and No.2 across GECs o Pavitra Bandhan was launched on Doordarshan • Hours for Hindi Commis
Slide 6: Shows, channels and time slots
Shows Channel Time Schedule Position Monday to No.1 Fiction show Bade Achhe Lagte Hain Sony TV 22.30-23.00 Thursday of the Channel First time ever Monday to Jodha Akbar (June 18, 2013 Launch) Zee TV 20.00-20.30 costume drama, Friday No. 1 on channel Monday to No.1 Fiction show Pavitra Rishta Zee TV
Slide 7: Total Income, EBITDA, PAT
Total Income EBIDTA ` Lacs ` Lacs PAT ` Lacs 7
Slide 8: Statement of Standalone Profit and Loss Account
Statement of Standalone Profit and Loss Account YoY Comparision QoQ Comparison YoY Comparision Particulars Q2 FY14 Q2 FY13 % PQ Q1 FY14 % PQ H1 FY14 H1 FY13 % FY 13 ` in Lacs Revenue from 29,83.98 34,83.09 -14% 21,94.71 36% 51,78.69 70,76.36 -27% 135,01.25 Operations Other Operating 48.73 82.69 -41%
Slide 9: Revenue and hours by show type
Show Type Revenue for the Quarter Ending (` Lacs) Percentage Sep-13 Jun-13 Sep-12 Sep-13 Jun-13 Sep-12 Commissioned* 29,72 21,13 33,51 100% 100% 96% Sponsored** - - 1,32 - - 4% Total 29,72 21,13 34,83 100% 100% 100% Revenue Per Hour 25.62 22.96 11.41 - - - *Excludes regional segment and Event Busine
Slide 10: Standalone balance sheet
As at September 30, As at March 31, 2013 2013 ` in Lacs Shareholders’ funds Share capital 13,04.21 13,04.21 Reserves and surplus 412,41.64 404,18.67 425,45.85 417,22.88 Current Liabilities Trade payables 17,25.83 20,01.39 Other current liabilities 14,12.70 2,98.16 Short-term provisions 6.51 3,14.47
Slide 11: Contingent liabilities
Current Sr.no Contingent Liabilities Status ` in Lacs Demands (including interest) raised by Prasar Bharti Broadcasting Corporation of India (Corporation). The Company is in discussions with the Corporation for a one-time settlement, including by way of supply of 1 various old television content. Th
Slide 12: Contingent liabilities
Current Sr.no Contingent Liabilities Status ` in Lacs During the previous financial years, the Company had received demand notices from the Office of the Commissioner of Service Tax, Mumbai aggregating to ` 92,45.00 lakhs (excluding interest and penalty) pertaining to Service tax for the period from
Slide 13: Contingent liabilities
Current Sr.no Contingent Liabilities Status ` in Lacs On April 30, 2013, the Income-tax Department visited the premises of the Company and initiated proceedings under Section 132 of the Income-tax Act, 1961. In this connection, the Company is yet to receive any communication from Amount 6 the Income
Slide 14: Q2 & H1 FY14 (Consolidated)
Q2 & H1 FY14 (Consolidated) Results for Q2 FY 14 • Revenues stood at ` 194,16 lacs {` 58,96 lacs in Q2 FY13} • EBITDA is at ` 10,95 lacs {` 4,53 lacs in Q2 FY13} • PAT is at ` 12,32 lacs {` 2,38 lacs in Q2 FY13} Results for H1 FY 14 • Revenues stood at ` 278,19 lacs {` 95,34 lacs in H1 FY13} • EBITD
Slide 15: Q2 & H1 FY14 (BMPL)
Q2 & H1 FY14 (BMPL) Results for Q2 FY 14 • Revenues stood at ` 164,05 lacs {` 24,13 lacs in Q2 FY13} • EBITDA is at ` 11,89 lacs {` 3,80 lacs in Q2 FY13} • PAT is at ` 11,81 lacs {` 3,60 lacs in Q2 FY13} Results for H1 FY 14 • Revenues stood at ` 225,70 lacs {` 24,57 lacs in H1 FY13} • EBITDA is at
Slide 16: Q2 & H1 FY14 (Consolidated) contd: Balaji Motion Pictures
Q2 & H1 FY14 (Consolidated) contd…. Balaji Motion Pictures Ltd (BMPL) • 2 new releases during the quarter ‘Lootera’{NBOC – ` 12.84 crore} ‘Once Upon A Time D’ {NBOC – ` 36.27 crore} • Satellite revenues amounting to ` 35,00 lacs for two movies released in Q1 FY14 was realised in Q2 FY14 Contd……
Slide 17: Q2 & H1 FY14 (Consolidated) contd: BOLT Media
Q2 & H1 FY14 (Consolidated) contd…. During the quarter, BOLT Media Limited a wholly owned subsidiary of BTL successfully completed A new advertisement for a leading personal care brand Produced 2 episodes for Ek Thi Naayika for Life OK A pilot project for Life OK, awaiting approval Currently
Slide 18: Total Income, EBITDA, PAT
Total Income EBIDTA ` Lacs ` Lacs PAT ` Lacs 18
Slide 19: Consolidated Statement of Profit and Loss Account
Consolidated Statement of Profit and Loss Account QoQ Comparision Particulars Q2 Sep ‘13 Q2 Sep '12 % PY Q1 June ‘13 YTD Mar '13 Revenue from Operations 194,15.91 58,96.08 229% 84,03.46 179,78.65 ` in Lacs Other Operating Income 45.73 82.38 -44% 41.87 6,18.83 Operating Revenue 194,61.64 59,78.46 226
Slide 20: Consolidated Statement of Profit and Loss Account
Consolidated Statement of Profit and Loss Account YoY Comparision Particulars YTD Sep '13 YTD Sep '12 % PY ` in Lacs Revenue from Operations 278,19.37 95,33.57 192% Other Operating Income 87.60 300.44 -71% Operating Revenue 279,06.97 98,34.01 184% Cost of Production of television serials / movies (2
Slide 21: Q2 results by entity
BTL BMPL BOLT BTL Q2 2013-14 Q2 2013-14 Q2 2013 - 14 Q2 2013 – 14 Sr. No Particulars Eliminations Standalone Standalone Standalone Consolidated Un–Audited Un–Audited Un–Audited Un–Audited ` in Lacs 1 a) Net Sales / Income from Operations 29,83.98 164,04.58 27.35 - 194,15.91 b) Other Operating Income
Slide 22: H1 results by entity
BTL BMPL BOLT BTL H1 2013-14 H1 2013-14 H1 2013 - 14 H1 2013 – 14 Sr. No Particulars Eliminations Standalone Standalone Standalone Consolidated Un–Audited Un–Audited Un–Audited Un – Audited 1 a) Net Sales / Income from Operations 51,78.69 225,70.44 1,10.24 40.00 278,19.37 ` in Lacs b) Other Operatin
Slide 23: About Balaji Telefilms
VW Balaji About Balaji Telefilms
Slide 24: A leading entertainment house in India since 1994
• A leading entertainment house in India since 1994 • Demonstrated ability to create high quality content • Executed over 15,000 hours of television content in Hindi, Tamil, Telugu, Kannada, Malayalam and Bengali entertainment across genres • Owning 19 modern studios and 31 editing suites - more tha
Slide 25: Television
Balaji Television
Slide 26: Television entertainment is the foundation of Balaji Telefilms
• Television entertainment has been the foundation stone for Balaji Telefilms Limited (BTL) • Ability to create newer and diverse story lines owing to strong creativity • High TRP ratings - a testimony of Company’s strength in creativity • Rich experience in entertainment and a proven ability in gau
Slide 27: Commissioned programming is the key revenue driver
Commissioned Improving Television revenues Pavitra Rishta, Bade India is the world’s programming is the realisation in the expected to expand Achche Lagte Hai, third largest key revenue driver Commissioned owing to demand Jodha Akbar and television market in for the television programming
Slide 28: Motion Picture
Balaji Motion Picture
Slide 29: Leveraging creative abilities to produce films
• Leveraging creative abilities and experience to produce films with rich and well appreciated content yet maintaining efficient cost structures • Successful offerings till date include ‘Raagini MMS’, ‘Shor In the City’, ‘Once upon a time in Mumbai’, ‘Shootout at Lokhandwala’, ‘Kya Kool Hain Hum’ an
Slide 30: Content Library: Key Competitive Advantage
Content Library: Key Competitive Advantage • Increase in film library • Diversified, balanced product mix of Movies • Swiftly ramping up scale • Opportunity to exploit old content on new emerging platforms • Provides stable, recurring cash flows and de-risks the business model 30
Slide 31: Upcoming film slate
Sr. No. Particulars Star Cast Release Date 1 Ragini MMS 2 Sunny Leone Jan-14 2 Shaadi ke Side Effects Farhan, Vidya Balan Feb-14 3 Kuku Mathur Ki Jhand Ho Gayi New Comers Mar-14 4 Main Tera Hero Varun Dhawan, Ileana D’Cruz Apr-14 Siddharth Malhotra, Shraddha 5 Villain Jul-14 Kapoor 6 Vanity Fair Emr
Slide 32: Forward and Backward Integration
Forward and Backward Integration Strong content creativity leading to better scripts Robust Movie Slate Setting up of distribution network in Mumbai and Building a strong movie pipeline including small, Delhi territories medium and high budget films for the next couple of Proven ability to i
Slide 33: Expanding number of multiplexes resulting in growth
Expanding number Company’s Balaji’s content Film catalogue of multiplexes theatrical portfolio comprises monetised through resulting in growth performance of more than 25 television opportunities and improved owing to films - expected to syndication deals better reach strong content hit the
Slide 34: Business Outlook
Balaji Business Outlook
Slide 35: Business outlook: leading content creator
• A leading content creator across Television and Motion Pictures • Newer show formats for television content through a wholly owned subsidiary • Focusing on creating original and diverse show content to retain leadership • Exploring opportunities across channels, languages • Creating films across b
Slide 36: Contact and disclaimer
Sanjay Dwivedi (CFO) / Simmi Singh Bisht (CS) Gavin Desa / Rabindra Basu Balaji Telefilms Limited Citigate Dewe Rogerson Tel: +91 22 4069 8000 Tel: +91 22 6645 1237/ 1248 Fax: +91 22 4069 8288 Fax: +91 22 6645 1200 E-mail: sanjay.dwivedi@balajitelefilms.com Email: gavin@cdr-india.com rabindra@cdr-in
Slide 37: Thank You
q) j Mid G my s wy RAGINI' Thank You Balaji.