Music Broadcast Ltd. · NSE:RADIOCITY
Music Broadcast — Q2 FY21 Earnings Presentation
21 slides from Music Broadcast's earnings presentation, Oct 22, 2020
Slide 1: Cover letter to stock exchanges
October 22, 2020 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza, 5th Floor Corporate Relationship Department Plot No. C/1, G Block; Bandra (East) Phiroze Jeejeebhoy Towers Mumbai 400 051 Dalal Street; Fort Mumbai 400 001 NSE Scrip Code: RADIOCITY BSE Scrip Code: 540366 ISIN:
Slide 2: Music Broadcast Limited Investor Presentation
Music Broadcast Limited Investor Presentation October 2020
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Music Broadcast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Key Highlights
Key Highlights Radio Industry Radio Industry ▪ Volume improvement in Q2, yield improvement to follow in the coming quarters ▪ Radio Volume grew by 1.6X as compared to Q1 FY21 ▪ 3.4K clients advertised on Radio in Q2 Radio City ▪ Cash Profit in Q2 FY21; Cash burn stopped ▪ Enhanced liquidity at Rs. 2
Slide 5: Maintained Leadership Market Share in Q2FY21
Maintained Leadership Market Share in Q2FY21 Radio City Peer 1 Peer 2 21% 21% 19% 18% 19% 19% 18% 17% 18% FY20 Exit Q1FY21 Q2FY21 FY20 Exit Q1FY21 Q2FY21 FY20 Exit Q1FY21 Q2FY21 Radio City is at highest Volume Market Share across all operators main frequencies 4 Source: Aircheck 15 Markets
Slide 6: Radio City Consistently Outperforming the Industry
Radio City Consistently Outperforming the Industry Q1 FY21 Radio Industry Performance YoY Q2 FY21 Radio Industry Performance YoY -16% -24% -71% -75% Industry Radio City Industry Radio City 5 Source: Aircheck 15 Markets Volume Growth Trend
Slide 7: Radio City now has the highest share of clients in the Industry
Radio City now has the highest share of clients in the Industry TV, Print and Social Media Special Campaigns Corona Campaigns Initiatives IPL Revenues Govt. Proactive pitches RC Bazaar Corona Campaigns Innovative CI deals Other Initiatives Corona Campaigns • Attracted 30% of the new clients introduc
Slide 8: Cost and Collection initiatives led to an enhanced liquidity position
Cost and Collection initiatives led to an enhanced liquidity position Operating Cost saving of Rs. 28.7 Cr in H1FY21→ 31% Cost Reduction compared to Cost Efficiency H1FY20 Reduced debtors by Rs.28 Crores compared to 31st March 20 out of which Rs.17 Crores Collection Efficiency was from government co
Slide 9: Resulting into Cash Profit for the quarter
Resulting into Cash Profit for the quarter • Green shoot visible in ad volume improvement on a month to month basis • Cash Profit in Q2 Revenue EBITDA PBT Cash Profit 63 19 12 27.2 30 0.4 14 -3 -9 Q2FY20 Q1FY21 Q2FY21 -15 -20 -10.8 Q2FY20 Q1FY21 Q2FY21 Q2FY20 Q1FY21 Q2FY21 Q2FY20 Q1FY21 Q2FY21 8 All
Slide 10: M&E: Signs of Volume recovery; However value recovery yet to follow
M&E: Signs of Volume recovery ; However value recovery yet to follow TV Digital Digital Print Radio Ad Duration Display Video Sq Cm Ad Volume Volume Ad Duration Volume Volume Q2 FY21 Vs 54% 55% 36% 138% 164% Q1 FY21 Q2 FY21 Vs 4% 2% -44% -34% -24% Q2 FY20 Q1 FY21 Vs -37% -38% -44% -75% -76% Q1FY20 9
Slide 11: Bonus Issue Details
Bonus Issue Details Subject to Regulatory & Other Approvals Issue size Bonus Issue of 89,69,597 Non-convertible non-cumulative redeemable preference shares (NCRPS) amounting to ₹ 89,69,59,000 ONLY to non-promoter shareholders Allotment Ratio MBL shall, issue and allot Bonus NCRPS in the ratio of 1:1
Slide 12: Radio Industry – Q2FY21 Category Trend
Radio Industry – Q2FY21 Category Trend Growth Categories De-Growth Categories Finance Pharma Dotcom Food/Soft Auto Real Estate Government Drinks Contribution Volume 11% 9% 9% 12% 10% 9% Growth (YOY) De-Growth (YOY) Volume Growth 18% 23% 26% 8% 11% 30% Source: Aircheck 15 Markets 11
Slide 13: Radio City Programming & Digital Performance & Initiatives
Radio City Programming & Digital Performance & Initiatives
Slide 14: Radio City Listenership trends in Mumbai, Delhi and Bengaluru
Radio City Listenership trends in Mumbai, Delhi and Bengaluru Listenership Market Share Data Mumbai Bengaluru Delhi 40.00 20 30.00 20 % Share % Share % Share 20.00 10.00 0 0.00 0 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1FY21 Q2 FY21 Radio Mirchi Radio One Radio City Mirchi One Radio City Mirchi One
Slide 15: Digital Performance
Digital Performance Social Media Reach Q2FY21 Video IP’s Highlights Digital reach of 126 Mn through social media apps like Youtube, Facebook, Twitter, Instagram and Web Radio Rank #1 4.2 Mn Likes Facebook Spotify Rank #2 3.1 Lakhs Episode received 5.5 Crosses 10 Million Partnership Lakh views Views
Slide 16: Initiatives in the Quarter
Initiatives in the Quarter Radio City Records a Massive Radio City Naya Hai Radio City Turns 19 Listenership of 1.43 Crore Radio City, refreshes its programming line up to Radio City celebrated its 19th Anniversary this year. Radio City, has yet again ruled the charts by being enthrall Mumbaikars. A
Slide 17: Initiatives in the Quarter
Initiatives in the Quarter Radio City Partners with City Cha E Bappa Radio City Kaam Wapasi Mumbai Indians Radio City, launched ‘City Cha E-Bappa’, an Radio City, in association with Lowe Lintas’s Radio City Mumbai, yet again is one of the official initiative to celebrate the festival with utmost Ka
Slide 18: Profit and Loss
Profit and Loss In Rs. Crs Q2FY21 Q2FY20 YoY Q1FY21 QoQ H1FY21 H1FY20 YoY Revenue 30.1 62.5 -52% 14.4 109% 44.5 132.3 -66% Licenses Fees 4.6 4.9 4.5 9.1 10.0 Employee Expenses 11.4 12.0 11.6 23.0 28.2 Other Expenses 17.1 27.1 13.5 30.6 53.3 EBITDA -3.0 18.5 NA -15.2 NA -18.3 40.9 NA EBITDA Margin -1
Slide 19: Balance Sheet
Balance Sheet Assets (In Rs. Crs) Sep-20 Mar-20 Equity and Liabilities (In Rs. Crs) Sep-20 Mar-20 Total Non-Current Assets 373.6 339.0 Shareholders Fund 613.2 631.8 Fixed Assets 296.7 309.1 Share Capital 69.1 69.1 Property, plant and equipment 70.3 73.6 Other Equity 544.1 562.7 Intangible Assets 203
Slide 20: Cash Flow Statement
Cash Flow Statement In Rs. Crs Half Year ended 30-Sep-20 Half Year ended 30-Sep-19 Profit before tax -29.1 26.7 Adjustments 10.4 14.1 Operating Profit Before Working Capital Changes -18.7 40.8 Change in operating assets and liabilities 38.4 -3.7 Cash generated from operations 19.7 37.1 Income taxes
Slide 21: Contact Us
CIN: L64200MH1999PLC137729 Ms. Sangeetha Kabadi Email : sangeethak@myradiocity.com Mr. Jimmy Oza Email: jimmyo@myradiocity.com www.radiocity.in Contact Us CIN: U74140MH2010PTC204285 Ms. Payal Dave Email : payal.dave@sgapl.net Mr. Jigar Kavaiya Email : jigar.kavaiya@sgapl.net www.sgapl.net