Pt Visi Media Asia Tbk Class A · IDX:VIVA
Pt Visi Media Asia Tbk Class A — Investor Presentation (April 2017)
37 slides from Pt Visi Media Asia Tbk Class A's investor presentation, Apr 7, 2017
Slide 1: VIVA Group Corporate Presentation
VIVA Group Corporate Presentation March 2017
Slide 2: Agenda
Agenda 1 Our Company 2 Industry Overview 3 Our Performance 4 Our Entertainment 5 Our News 6 Our Digital 2
Slide 3: VIVA Corporate Structure, lean and focused on core businesses
VIVA Corporate Structure, lean and focused on core businesses >175M TV Audience (PT Visi Media Asia Tbk.) Free-To-Air (FTA) TV New media (Online) >70% Content produced in-house (PT Intermedia Capital Tbk.) (PT Lativi Mediakarya) (PT Viva Media Baru) #1 News and Sport TV Leading digital multiplatform
Slide 4: Industry Overview
INDUSTRY OVERVIEW
Slide 5: Indonesia's demography: Female, young, rapidly growing middle class
Indonesia’s demography: Female, young, rapidly growing middle class Social Economic Classification (SEC) Male Female 79% 2016 2017 51.9 48.1 Upper 1 Upper 2 Middle 1 Middle 2 Lower Age 2016 2017 2016 2017 Female 51.4 51.9 Male 48.6 48.1 5-9 10-14 15-24 25-34 35-44 45-54 55+ Source: 1 Jan - 28 Feb 20
Slide 6: Media industry advertising expenditure increased by 53% since 2011
2016 Media industry advertising expenditure increased by 53% since 2011, still growing, FTA TV remain as the dominant media platform Industry Landscape by Media Partners Asia February 2017 (USD mn) 3,500 2,997 3,000 2,873 2,723 2,533 2,500 2,330 2,132 1,986 1,952 719 2,000 1,804 654 584 1,600 483 1,
Slide 7: VIVA FTA TV stations focused, specific, targeted and successful
VIVA FTA TV stations focused, specific, targeted and successful VIVA MNC EMTEK TRANS CORP MEDIA TARGET AUDIENCE ANTV TVONE RCTI GTV MNCTV SCMA IVM TRANS TRANS7 METRO MALE 109 GENDER FEMALE 123 5-9 133 10-15 15-24 AGE 25-34 35-44 117 102 45-54 108 174 55+ 115 206 UPPER 1 117 UPPER 2 105 107 SEC MIDDL
Slide 8: Our Performance
OUR PERFORMANCE
Slide 9: VIVA is the fastest growing media group, increased TV Share by 110%
VIVA is the fastest growing media group by far, increased TV Share by 110% since 2011, top gainer from 2016 to 2017 MEDIA GROUP SHARE PERFORMANCE ENTERTAINMENT TV NEWS TV 2011 - 2017 ANTV 17.3 TVONE 3.3 RCTI 16.6 METRO 1.9 SCTV 12.1 INEWSTV 1.7 40 KOMPASTV 1.5 IVM 10.7 MNCTV 9.3 35 TRANS7 6.3 TRANS
Slide 10: Proven track record of outperforming industry revenue, 2012-2016 CAGR 16.5%
VIVA has a proven track record of outperforming industry revenue, 2012-2016 revenue CAGR of 16.5% Revenue Contribution Prime Time (PT) vs. Non-Prime Time (NPT) (IDR bn) 2012 2013 2014 2015 2016 3,000 PT 51% 50% 54% 58% 36% 2,686 ANTV NPT 49% 50% 46% 42% 64% 2,500 2,273 PT 38% 36% 32% 33% 34% tvOne 2
Slide 11: Programming & Broadcasting cost controlled at 30-34% of revenue
Programming & Broadcasting (PB) cost has risen in-line with Tier 1 status, however, VIVA is able to control PB cost to revenues at 30-34% (IDR bn) 900 856 % PB Cost to revenue VIVA vs. Peers 800 (%) 2012 2013 2014 2015 2016* 709 674 VIVA 34.2% 23.1% 31.2% 32.0% 32.2% 700 MNCN 44.6% 42.4% 40.9% 42.4%
Slide 12: 2016 EBITDA margin improved to 31.7%
2016 EBITDA margin improved to 31.7%, with further room for improvement as margin targeted to be on par with peers (IDR bn) 1,200 38.7% 38.1% 40.0% 31.7% 35.0% 1,000 29.8% 30.0% 26.0% 800 852 866 25.0% 600 655 20.0% 628 15.0% 400 10.0% 326 200 5.0% - 0.0% 2012A 2013A 2014A 2015A 2016A EBITDA EBTIDA
Slide 13: Robust 2016 revenue growth of 27%
Robust 2016 revenue growth of 27% driven by strong market share acquisition (IDR bn) 2012A 2013A 2014A 2015A 2016A Revenue 1,253 1,690 2,273 2,109 2,686 Revenue Growth (%) 25.4% 34.9% 34.5% -7.2% 27.4% PB Cost (429) (391) (709) (674) (825) Op Expense (498) (645) (698) (806) (1,003) Depreciation (67)
Slide 14: Our Entertainment
OUR ENTERTAINMENT
Slide 15: ANTV dominant with the female audience
ANTV dominant with the female audience Female ADEX is about 60% of total ADEX in 2015 and is growing in each year INDEX Year Female Male 2010 95 105 2011 96 104 Female Male 130 2012 99 101 2013 102 98 2014* 104 96 120 2015 111 89 2016 125 75 110 2017** 123 77 100 90 80 70 60 Jan 2016 Jan 2013 Jan 20
Slide 16: ANTV's average TV Share in 2017 is 17.3%, #1 amongst FTA TV
ANTV’s average TV Share in 2017 is 17.3%, #1 amongst FTA TV stations YTD ANTV’s share performance 17.3 ANTV 2.2 17.3 RCTI 2.1 16.6 SCTV 1.5 12.1 14.0 Share (%) IVM 1.3 10.7 MNCTV 1.2 9.3 11.4 11.2 TRANS7 0.8 6.3 TRANS 0.7 5.9 GTV 0.6 4.5 NET 0.4 3.6 7.2 6.9 6.7 6.1 6.1 RTV 0.3 2.6 5.4 5.5 5.6 4.7 5.
Slide 17: At ANTV we treat every daypart as a Prime Time
At ANTV we treat every daypart as a Prime Time 02.00 – 05.59 TVS % #3 (ALL PEOPLE) 06.00 – 12.59 Morning Slot #1 (ALL PEOPLE) Animasi Pagi, Putri Duyung Animasi Siang 13.00 – 16.29 Noon Time Slot #1 (ALL PEOPLE) Anandhi & GEET 16.30 – 22.29 Prime Time Slot #2 Archana, Gopi, Lonceng Cinta, Mohabbatei
Slide 18: The Winning combination of local and outstanding foreign content
“The Winning” combination of local and outstanding foreign content DRAMA SERIES ENTERTAINMENT MORNING NEWS & SPORT PROGRAMS PROGRAMS CINEMA PROGRAMS 18
Slide 19: Bringing the stars closer to the audience develops brand loyalty
Bringing the stars closer to the audience develops brand loyalty Meet & Greet Veera Ketemu Uttaran Meet & Greet Lonceng Cinta Meet & Greet Thapki (All People) (All People) (All People) (All People) ANTV 2.1 ANTV 2.2 ANTV 2.4 ANTV 2.9 SCTV 1.8 TRANS7 1.7 RCTI 1.7 RCTI 1.9 MNCTV 1.7 RCTI 1.7 TRANS7 1.
Slide 20: Building ties with audience by extending stars into local shows
Building ties with audience by extending stars into local shows Cinta Di Langit Taj Mahal 1 & 2 Roro Jonggrang Malaikat Kecil Dari India Mahabharata: Jodha Akbar: Jodha Akbar: Veera: Uttaran: Shaheer Sheikh Ravi Bhatia Ravi Bhatia Bhavesh Balchandani Vaishali Thakkar Harshita Ojha 2017 PLAN 20
Slide 21: ANTV's signature shows are linked to drama series
ANTV’s signature shows are linked to drama series 21
Slide 22: Our News
OUR NEWS 22
Slide 23: tvOne #1 News and Sport FTA TV
tvOne #1 News and Sport FTA TV NEWS TV AUDIENCE SHARE February 2017 ; TA 15+UM1, 11 Cities 3.8 2.3 2.1 1.9 TVONE METRO INEWS KOMPAS Source: Nielsen - 11 Cities; Share; 15+ UpperMiddle1; 1 Jan – 28 Feb 2017 23
Slide 24: tvOne #1 for Breaking News Always
tvOne #1 for Breaking News “Always” Ship on Fire Breaking News Ahok Trial Special News Ahok Trial Special News Ahok Trial Special News Rakyat Memilih Special News 1 Jan ‘17 15:00-17:00 3 Jan ‘17 08:30-09:30 10 Jan ‘17 08:30-09:30 17 Jan ‘17 08:30-09:30 15 Feb ‘17 06:30-23:00 8.5 6.7 7.5 7.6 7.5 5.1
Slide 25: tvOne the #1 source for global coverage by International media
tvOne the #1 source for global coverage by International media 25
Slide 26: tvOne #1 Talk Show Programs to supplement leading news coverage
tvOne #1 Talk Show Programs to supplement leading news coverage 1.1 0.8 0.8 0.8 0.7 0.6 0.5 0.5 0.5 0.5 LAWYERS MATA LAWYERS APA KABAR ROSI - SUARAKYAT BENANG PRIMETIME NSI NEWS DUA ARAH - CLUB NAJWA(F05) - CLUB(R) INDONESIA KOMPASTV MERAH NEWS - STORY KOMPASTV METRO MALAM METRO INSIGHT - METRO Sour
Slide 27: tvOne #1 Fight Sport Programs
tvOne #1 Fight Sport Programs 9.10 5.37 One Pride Audition Season 1 Season 2 27
Slide 28: Our Digital
OUR DIGITAL 28
Slide 29: Indonesia is the sleeping giant for digital media!
Indonesia is the sleeping giant for digital media! 2015 2016 2015 2016 2015 2016 129 % 130 % 28.2 % 54 % 88.1 M 105 M (est) (est) Mobile Penetration Smartphone Penetration Internet User Mobile Phones Laptop & Desktops Tablets Share of Web Page Views* 70 % 28 % 2% *) Based on each device’s share of t
Slide 30: Viva.co.id Portal generated 140 Mio Monthly Pageviews and 15 Mio Unique Visitors
Viva.co.id Portal generated 140 Mio Monthly (avg) Pageviews and 15 Mio Monthly (avg) Unique Visitors 15 MIO 140 MIO 42 MIO Unique Visitors Page Views Visits 06:52 15 MIO 19 MIO 7 MIO average time/ visit Mobile Site Visit Mobile App Visit Desktop Site Visit 3.33 Page views / visit Source: Google Anal
Slide 31: Over 26 million social media followers
Over 26 million social media followers 66.4 K 812.5 K 5.6 M likes likes likes 539.5 K 31.6 K 1.5 M followers subscribers followers 70 K 8.7 M 10.4 K subscribers followers subscribers 3.7 M 73.2 K 4.1 M followers followers followers 621 K 87.5 K followers followers 3.4 K 0.4K followers subscribers 11
Slide 32: Viva.co.id Focus Initiatives for 2017
Viva.co.id Focus Initiatives for 2017 CONTENT PERFORMANCE • Adjust content from hard news dominant to be more • Maximize traffic performance (deeper review on soft news dominant with shorter articles and less in- performance and define strategy to increase traffic) depth stories to attract younger/f
Slide 33: Launching new channels and microsites constantly evolving
Launching new channels and microsites constantly evolving Web Mobile Web Mobile Platform Platform Application 33
Slide 34: For more information, please contact ir@vivagroup.co.id
For more information, please contact ir@vivagroup.co.id
Slide 35: Appendix
APPENDIX
Slide 36: Summary P&L
Summary P&L (Rp bn) 2011 2012 2013 2014 2015 2016 Revenue 999 1,253 1,690 2,273 2,109 2,686 Growth (%) 11.9% 25.4% 34.9% 34.5% -7.2% 27.4% Programming and Broadcasting Cost (282) (429) (391) (709) (674) (825) Growth (%) -18% 52% -9% 81% -5% 22% G&A Expense (482) (498) (645) (698) (806) (1,003) EBIT
Slide 37: Media penetration, TV & internet simultaneous consumption
Media penetration, TV & internet simultaneous consumption 93%, our strategy is to operate in both platforms Simultaneous Media Consumption 2012 2014 45% 93% 20% 9% Source: AGB Nielsen Media Research
PT Visi Media Asia — Investor Presentation (April 2017) on 6ix