Leone Film Group Spa · MIL:LFG
Leone Film Group Spa — H1 2016 Earnings Presentation
23 slides from Leone Film Group Spa's earnings presentation, Nov 28, 2016
Slide 1: 2016 H1 Results and Pipeline Update
2016 H1 Results and Pipeline Update November 28, 2016
Slide 2: Agenda
AGENDA 1 Summary Profile 2 2016 Key Facts 3 H1 2016 Results 4 2016 - 2018 Pipeline Update 2
Slide 3: 1. Summary Profile
1 ‘ 1. SUMMARY PROFILE FILM GROUP
Slide 4: Deeply rooted in the absolute summit of film-making craft and endeavour
Deeply rooted in the absolute summit of film-making craft and endeavour 2016 2015 Entrance in the TV series production Entrance in the international with “Immaturi la Serie" executive production services with “John Wick 2” / Lionsgate 18th November 2014 Acquisition of Lotus Production 18th December
Slide 5: Historical results
Historical results € ml 2011 2012 2013 2014 2015 11-15 CAGR Revenues 11.7 13.1 20.3 24.3 38.8 35% EBITDA 6.3 6.7 12.6 14.7 19.2 32% EBIT 2.7 2.5 4.3 3.8 4.4 13% Net Income 1.1 1.5 2.3 2.6 3.6 34% Investments 8.9 8.8 13.3 16.6 30.9 36% Distribution Rights 18.5 23.2 28.2 33.8 49.9 28% Net Financial Po
Slide 6: Our business is focused on two mainstreams
Our business is focused on two mainstreams Distribution Production • Theatrical • Production • Free-TV • Co-production • Pay-TV • Executive production • Home Video • International co-production • Digital • Italian TV series production • International TV series co-production • International executive
Slide 7: Our ambition remains creating the most successful independent movie production and distribution group in Italy
Our ambition remains that of creating the most successful independent movie production and distribution group in Italy Distribute top US Produce top Continue independent commercial and expanding our blockbusters high-quality movie, production and TV series and distribution documentaries, agreements
Slide 8: Our priorities going forward
Our priorities going forward Distribute and produce international quality movies remaining focused on their commercial success Establish ourselves as a top TV-series producer Consolidate relationships with US Indipendents Reference partner of Lionsgate/Summit, The Westein Company, Red Granite, Dream
Slide 9: 2. 2016 Key Facts
2. 2016 KEY FACTS 9
Slide 10: 2015 to-date relevant events
2015 to-date relevant events • Jan 4, 2016 - we announced the multi-year agreement with Sky Italia for the sale of a total of 39 movies in 3 years and their distribution on Pay per View, Pay TV and Video on Demand channels • Jan 29, 2016 - we announced the agreement with Oscar Winner Giuseppe Tornat
Slide 11: Recent news
Recent news LFG signs a multi-year agreement with RAI RAI will acquire Free TV distribution rights of at least 10 international movies per year and will have the option to acquire on 50% of the rights of all other distribution channels. RAI will also have a right of first offer to co-produce all LFG
Slide 12: 2016 theatrical releases - Distribution
2016 theatrical releases Date Title Box Office Feb. 4th The Hateful Eight € 8.5 ml Feb. 25th Gods of Egypt € 1.2 ml Mar. 9th The Divergent: Allegiant € 3.3 ml Apr. 14th Hardcore € 0.6 ml Content Apr. 28th Fuga dal Pianeta Terra € 0.3 ml Jun. 8th Now You See Me 2 € 2.9 ml Distribution Jun. 23rd Mothe
Slide 13: 2016 activity to date - Production
2016 activity to date • Completed shooting the TV Series Immaturi, based on the blockbuster movie released in 2011 • Completed the executive production of the international movie “John Wich 2”, which LFG will distribute on the Italian territory in 2017 • Set. 2016 – started the international executi
Slide 14: 2016 theatrical releases - Production
2016 theatrical releases Date Title Box Office Dec. 7th (2015) Il Professor Cenerentolo € 6.0 ml Feb. 11th Perfetti Sconosciuti € 17.4 ml May 17th La Pazza Gioia € 6.2 ml Jun. 1st Miami Beach € 0.8 ml Nov. 17th Quel Bravo Ragazzo € 1.2 ml Production Executive Production Still in Theaters 14
Slide 15: 3. H1 2016 Results
3. H1 2016 RESULTS 15
Slide 16: H1 2016 consolidated results
H1 2016 consolidated results € ml Jun 15 Jun 16 % Change Revenues 7.3 31.9 337% EBITDA 2.7 11.7 332% EBIT 0.4 2.5 531% Net Income 0.5 1.4 184% Investments 12.2 13.6 12% Distribution Rights 28.5 54.5 91% Net Financial Position 16.0 28.3 77% Shareholder's Equity 29.8 32.8 10% 16
Slide 17: 2016 H1 EBITDA and EBIT Generation
2016 H1 EBITDA and EBIT Generation EBITDA €11.7ml EBIT €2.5ml 17 *: includes production costs
Slide 18: 2016 H1 Financial Structure
2016 H1 Financial Structure Note: €9.9ml of advances were paid on June 30 2016 on titles that had not yet been released 18
Slide 19: Net Financial Position Evolution
Net Financial Position Evolution 19
Slide 20: 4. 2016-18 Pipeline Update
4. 2016-18 PIPELINE UPDATE 20
Slide 21: 2016 – 2018 expected releases
2016 – 2018 expected releases Distribution Production √•The Hateful Eight √•Equals •Lalaland √•Perfetti Sconosciuti 2 √•Gods of Egypt •Lost City of Z √•Deep Water Horizon √•La Pazza Gioia 0 √•The Divergent: Allegiant √•Escape from Planet Earth •A Monster Calls √•Miami Beach 1 √•The Big Friendly Gian
Slide 22: Our core values: A lifetime commitment
Our core values A lifetime commitment 22
Slide 23: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements that reflect Leone Film Group S.p.A. (“LFG”) management’s current views with respect to future events and financial and operational performance of the company and its subsidiaries. These forward-looking statements are based on