Slide 1: Prime Focus Limited Q2FY17 Investor Presentation
Prime Focus Limited Q2FY17 Investor Presentation December 2016
Slide 2: Safe Harbor
Safe Harbor Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ m
Slide 3: Contents Page
Contents Page Q2 FY17 Performance 04-13 About Prime Focus 14-19 Annexure 20-25 Financials 20-24 Shareholding pattern 25
Slide 4: Q2 FY17 Performance
Q2 FY17 Performance
Slide 5: Strong growth in Revenue and Operating EBITDA
Strong growth in Revenue and Operating EBITDA Segmental Highlights Creative Services Revenue Rs 4.8 bn Delivered movies like Inferno and Miss Peregrine's Home for Peculiar Children Consolidated revenues up 8% YoY in a seasonally slow Order book at $250+ mn with projects like Fantastic quarter dr
Slide 6: Q2FY17 Revenue up 8% in a seasonally slow quarter
Q2FY17 Revenue up 8% in a seasonally slow quarter Personnel costs as % of Operating EBITDA/EBITDA Revenue revenues Margin* 4,837 912 4,489 2,918 3,008 18.9% 532 8% YoY 65.0% 62.2% 11.8% 71% YoY Qtr ending Sep'15 Qtr ending Sep'16 Qtr ending Sep'15 Qtr ending Sep'16 Qtr ending Sep'15 Qtr ending Sep'1
Slide 7: Creative Services reports strong EBITDA growth
Creative Services reports strong EBITDA growth Revenue EBITDA/EBITDA Margin 3,419 3,519 600 568 18% 16% 500 395 16.1% 14% 400 12% 3% YoY 44% YoY 10% 300 11.6% 8% 200 6% 4% 100 2% 0 0% Qtr ending Sep'15 Qtr ending Sep'16 Qtr ending Sep'15 Qtr ending Sep'16 EBITDA EBITDA Margin Revenue increased 3%
Slide 8: Working with current and upcoming Hollywood hits
Working with current and upcoming Hollywood hits Delivered in Q2 FY17 Robust Order book over $ 250 mn Dunkirk Fast 8 Geostorm The Great Wall Inferno Miss Peregrine's Home for Peculiar Children The Mummy Justice League Wonder Women Beauty and the Beast Investor Update Q2 FY17
Slide 9: Tech/Tech Enabled Services continue to grow at non linear rate
Tech/Tech Enabled Services continue to grow at non linear rate Revenue EBITDA/EBITDA Margin 907 300 255 40% 35% 250 702 30% 200 182 25% 28.1% 29% YoY 150 25.9% 40% YoY 20% 15% 100 10% 50 5% 0 0% Qtr ending Sep'15 Qtr ending Sep'16 Qtr ending Sep'15 Qtr ending Sep'16 EBITDA EBITDA Margin Revenue up
Slide 10: Quarter witnesses continued momentum in client wins, product launches
Quarter witnesses continued momentum in client wins, product launches Revenue Analysis By Geography By Contract type By Product Mix Project ROW 31% 34% Product Services 52% 48% India Annuity 66% 69% Multiple new orders taking order book to ~ $ 200 mn • Closed new orders with ICC, Amazon, Prasar Bh
Slide 11: India FMS – Leading company in Indian M&E market
India FMS – Leading company in Indian M&E market Revenue EBITDA/EBITDA Margin 250 70% 445 194 60% 414 200 160 50% 150 40% 100 43.6% 38.7% 30% 21% YoY 7% YoY 50 20% 0 10% Qtr ending Sep'15 Qtr ending Sep'16 Qtr ending Sep'15 Qtr ending Sep'16 EBITDA EBITDA Margin Revenue up 7% on account of pricing
Slide 12: Working with current and upcoming Bollywood Hits
Working with current and upcoming Bollywood Hits Movies delivered in Q2 FY17 Strong Order Book TVCs Investor Update Q2 FY17
Slide 13: Debt profile
Debt profile Consolidated debt at $220 mn (Rs.14,671 mn) in Sep’16 compared to at $218 mn (Rs. 14,695 mn) in June’16 Cash and cash equivalents at $16 mn Debt further reduced subsequently Increase in debt primarily due to Ind AS conversion impact which treats Macquarie, AID Preferred Equity I
Slide 14: About Prime Focus
About Prime Focus
Slide 15: PFL @ FY17 - The Transformation continues
PFL @ FY17 - The Transformation continues ..Emerges as a truly global media services MNC Landmark transactions Strong Leadership across Highest revenue in FY14 &15 all 3 businesses Creative Tier-1 Visual Effects Player & 30% Delivered 2 of top 5 2016 Hollywood Services Market Share in 3D Conversion
Slide 16: Creative Svs: World's No. 1 independent Tier 1 player
Creative Svs: World’s No. 1 independent Tier 1 player Global integrated platform across 3 continents utilizing 21 facilities “A-Level” Pedigree in Hollywood” House of choice 2 consecutive Higher visibility for VFX & 3D Oscar wins for in Order book, Services for Tier Interstellar & Over $ 250 mn 1 St
Slide 17: PFT: Pioneer & leader in cloud solutions for M&E industry
PFT: Pioneer & leader in cloud solutions for M&E industry Owns & operates world’s only hybrid cloud enabled Media ERP platform – CLEARTM Replicating domestic success globally PFT in numbers In the last 5 years, PFT has grown over 29X from a garage start up to a global operation with ~ 2200 people
Slide 18: India FMS: Leadership in fast growing Indian M&E market
India FMS: Leadership in fast growing Indian M&E market Complete media services offering across the spectrum Distinct leadership in domestic services Gaining Industry recognition Complete services offerings across Production, Post Production and Creative Services Integrated facilities with stron
Slide 19: 'WorldSourcing' model = unmatched competitive edge
‘WorldSourcing’ model = unmatched competitive edge Global network providing highest quality, fastest time to market & most efficient pricing 4 continents | 5 time zones | 14 locations | 24/7 – 365 days Investor Update Q2 FY17
Slide 20: Annexure
Annexure
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Qtr ending Qtr ending Qtr ending 6M ending Particulars (Rs Million) % YoY % QoQ Sep'16 Sep'15 June'16 Sep-16 Net sales / income from operations 4,665 4,486 4% 5,262 -11% 9,927 Other income 172 3 NM 13 NM 184 Total Income 4,837 4,489 8% 5,275 -8% 10,112 Total Expe
Slide 22: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Qtr ending Qtr ending Qtr ending 6M ending Particulars (Rs Million) Sep'16 Sep'15 % YoY June'16 % QoQ Sep-16 Net sales / income from operations 420 389 8% 395 6% 815 Other income 25 26 -1% 27 -8% 52 Total Income 445 414 8% 423 5% 868 Total Expenditure 300 254 18% 2
Slide 23: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Standalone Consolidated Particulars 30.09.2016 30.09.2016 Unaudited Unaudited 1. Non-current assets (a) Property, plant and equipment 39,248 75,178 (b) Capital work-in-progress 139 311 (c) Goodwill - 99,634 (d) Other intangible assets 336 52,026 (e) Intangible as
Slide 24: Consolidated Balance Sheet Statement - Continued
Consolidated Balance Sheet Statement - Continued Standalone Consolidated Particulars 30.09.2016 30.09.2016 Unaudited Unaudited Equity (a) Equity share capital 2,989 2,989 (b) Other equity 1,07,841 59,094 Equity attributable to equity holders of the Parent 1,10,830 62,083 Non-controlling interests -
Slide 25: PFL Shareholding Pattern
PFL Shareholding Pattern As on 30th Sep- 2016 Outstanding shares – 299mn Others Public, 7.9% Promoters, SCPE, 22.0% 35.0% RMW, 35.1% Investor Update Q2 FY17
Slide 26: Contact us
Contact us Alok Gupta Nisha Kakran/ Seema Shukla Prime Focus Limited Four-S Services Pvt Ltd Phone: +44 7491653623 Phone: +91 7718811182/+91 124 4251442 Email: alok.gupta@primefocus.com Email: nisha.kakran@four-s.com seema@four-s.com www.primefocus.com © 2016 Prime Focus Limited. All Rights Reserved
Slide 27: About Prime Focus Limited
About Prime Focus Limited Prime Focus Limited (PFL), the world’s largest integrated media services powerhouse employs over 7,000 professionals in 14 cities across 4 continents and 7 time zones. We provide end-to-end creative services (visual effects, stereo 3D conversion and animation), technology p