Music Broadcast Ltd. · NSE:RADIOCITY
Music Broadcast — Q3 FY2019 Earnings Presentation
18 slides from Music Broadcast's earnings presentation, Jan 28, 2019
Slide 1: Exchange filing cover letter: Investor Presentation
January 28, 2019 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 January 2019
Music Broadcast Limited Investor Presentation January 2019
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: Delivering Results as Promised; ahead of expectations!
Delivering Results as Promised; ahead of expectations! In Rs. Crs Revenue EBITDA PBT Despite investments in new stations CAGR CAGR +15% CAGR 298 +11% 97 75 271 +34% 91 57 226 78 42 FY16 FY17 FY18 FY16 FY17 FY18 FY16 FY17 FY18 GROWING AT DOUBLE DIGIT CAGR 3
Slide 5: Highest Ever Performing Quarter
Highest Ever Performing Quarter PBT growing 3X faster than REVENUE; OPERATING LEVERAGE PLAYING OUT… Revenue EBITDA PBT In Rs. Crs +14% +23% +45% 87 29 25 27 26 26 23 22 23 20 80 76 17 76 76 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 4
Slide 6: Strong Performance with improving MARGINS
Strong Performance with improving MARGINS In Rs. Crs Revenue EBITDA & Margins PBT & Margins +220 bps +607 bps +14% +23% +45% 87 29 32.9% 25 28.7% 23 76 17 30.6% 22.6% Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 SUSTAINABLE Operating performance in spite of macro economic he
Slide 7: Key Drivers of Performance
Key Drivers of Performance Revenue EBITDA PBT 87 29 25 73 24 17 HIGHEST EVER PERFORMING QUARTER Avg for last Q3 FY19 Avg for last Q3 FY19 Avg for last Q3 FY19 10 Qtrs 10 Qtrs 10 Qtrs REALIZATION UTILIZATION LEVELS Phase II Stations Phase III Stations 11% rate hike in Q3 against Inventory Utilization
Slide 8: Healthy Operating Run Rate for 2019
Healthy Operating Run Rate for 2019 In Rs. Crs Revenue EBITDA PBT Q4 9M 34.7% 33.6% 32.6% 33.4% 18.6% 21.0% 25.2% 27.7% 298 97 75 91 271 67 76 17 27 81 243 78 23 226 67 57 7 23 64 42 17 222 75 205 70 53 50 161 55 24 FY16 FY17 FY18 9M FY19 FY16 FY17 FY18 9M FY19 FY16 FY17 FY18 9M FY19 7
Slide 9: Other Business Updates
Other Business Updates Business Update ▪ Kolkata Acquisition of Friends FM 91.9 is pending MIB Approvals Corporate Actions ▪ The company deployed Rs. 57 Crs. and bought back 17,45,079 shares at an average price of Rs. 326.61 per equity share representing 99.99% of maximum Buy Back size ▪ Seeking App
Slide 10: Moving up the Margin Curve…
Moving up the Margin Curve… EBITDA Margins 45% 38% Going Forward… Matured Stations ▪ Potential scope of 28 Phase II Stations margin improvement to as high as 45% as in 8% 11 Phase III matured stations Stations 9
Slide 11: Category Trends
Category Trends Q3 FY19 Industry Volume breakup: 9M FY19 Industry Volume breakup: Government E commerce Auto Government Real Estate Durables 16% 6% 7% 16% 8% 7% Growth (YOY) Growth (YOY) 33% 25% 23% 19% 19% 7% Source: Aircheck 15 Markets 10
Slide 12: Other Updates
it: Radio City (RN IAGRAN INITIATIVE Other Updates
Slide 13: Listenership trends in Mumbai and Bengaluru
Listenership trends in Mumbai and Bengaluru Listenership Market Share Data Mumbai Bengaluru 20 30 20 % Share % Share 10 0 0 FY15-16 FY16-17 FY17-18 YTD* FY15-16 FY16-17 FY17-18 YTD* Mirchi One Radio City Red Big Fever Mirchi One Radio City Big Ishq Nasha Redtro Indigo Fever Mirchi 95 Average of FY16
Slide 14: Initiatives in the Quarter
Initiatives in the Quarter #MeraGhata – Innovative ‘StreeDum’ - Movement to Radio City’s partnership with campaign on road safety Empower Women with the Launch Noida Metro Rail Corporation of Campaign this Diwali Radio City launched #MeraGhaata, a campaign to Radio City initiated a week long campaig
Slide 15: Digital Performance
Digital Performance ▪ 52 Radio stations in 11 languages & 900+ playlists have generated 60 Million streams ▪ The ‘Radio City’ mobile app plays 37 radio stations & 900+ playlists in 9 languages has a total of 2,80,000+ downloads 4.2 Mn Likes Applications 2.9 Lac Followers Launched: 0.84 Lac Followers
Slide 16: Profit and Loss
Profit and Loss In Rs. Crs Q3FY19 Q3FY18 YoY Q2FY19 QoQ 9MFY19 9MFY18 YoY Revenue 87.0 76.2 14% 80.1 9% 242.8 222.3 9% Licenses Fees 5.5 5.4 5.6 16.4 16.0 Employee Expenses 16.7 17.6 17.9 52.6 51.8 Other Expenses 36.2 29.9 30.1 92.6 84.8 EBITDA 28.6 23.3 23% 26.6 8% 81.2 69.7 16% EBITDA Margin 32.9%
Slide 17: Balance Sheet
Balance Sheet Assets (In Rs. Crs) Sep-18 Mar-18 Liabilities (In Rs. Crs) Sep-18 Mar-18 Total Non Current Assets 435.5 490.2 Shareholders Fund 602.6 599.9 Fixed Assets 285.6 296.9 Tangible Assets 40.0 41.2 Share Capital 56.3 57.1 Intangible Assets 245.6 255.7 Other Equity 546.3 542.8 Intangible Asset
Slide 18: 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 Ms. Payal Sheth Email: payal.sheth@sgapl.net www.sgapl.net