Saregama India Limited · NSE:SAREGAMA
Saregama India — Q1 FY23 Earnings Presentation
22 slides from Saregama India's earnings presentation, 2022
Slide 1: Saregama India Limited Quarterly Presentation Q1 FY23
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q1 FY23
Slide 2: Saregama Strengths
SAREGAMA STRENGTHS India’s only entertainment company with IP offerings across media channels (music, film, web series AND TV serials), delivery platforms (physical and digital) and business models (licensing and retail) Large intellectual property portfolio of 142K+ songs, 64 films, 1 web-series, 6
Slide 3: Strategic Overview: Digitisation Driving Growth
STRATEGIC OVERVIEW Digitisation Driving Growth Increase in Digital Increase Demand for Boom in India in App Usage Content Video/Music Streaming Netflix / Spotify / Saavn Social Media Music YouTube / Facebook Films ~700M smart phones Video Sharing driving driving Web Series Cheap Data Instagram/ Tik
Slide 4: Strategic Overview
STRATEGIC OVERVIEW To be a Pure Play Content Company capitalising on the global content consumption boom driven by the ever-increasing Digitisation Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform. Monetisation of Existing IP Carvaan transitioning from being a Prod
Slide 5: Saregama Wants to Take Market Leadership Position in Indian Music
SAREGAMA WANTS TO TAKE MARKET LEADERSHIP POSITION IN INDIAN MUSIC Disproportionate Acquisition of share of New Content across Hindi & + Small & Mid size Music Catalogues to plug in the Content Gaps of last 25 years + Artiste Management Live Events Regional Languages Catalogue Strength
Slide 6: Saregama Music IP
SAREGAMA MUSIC IP Licensing Revenue (INR Mn) Fast Growing FY22 FY21 2,839 * 3,585 * Licensing Revenue FY20 FY19 1,949 2,361 * FY18 1,478 * One time income of INR 97 Mn (FY22), 155 Mn (FY21) and INR 21 Mn (FY20) are excluded On account of A. Saregama’s Focus on New Music B. Growing customer interest
Slide 7: Our Music Licensing Partners
OUR MUSIC LICENSING PARTNERS Music Streaming Partners Broadcasting Partners Video Streaming Partners v uVideo v Social Media Platforms Brands 7
Slide 8: Operational Highlights
OPERATIONAL HIGHLIGHTS 8
Slide 9: Music Segment Operational Highlights
MUSIC SEGMENT OPERATIONAL HIGHLIGHTS Licensing: • Music licenses to following brands: YOUTUBE VIEWS (Bn) PER QUARTER Vogue Eyewear, Dabur Babool, TVF, One Card, PhonePe etc. 39 • Digital Content Licenses: 36 Escape Live, The Great Indian Murder (Disney plus hotstar), Sharmaji Namkeen 33 32 32 (Amazo
Slide 10: Music Segment Operational Highlights: Retail
MUSIC SEGMENT OPERATIONAL HIGHLIGHTS Retail: Carvaan Sales (units ‘000s) • Momentum building back. Unit Sales more than doubled over the last year 141 110 112 • Test marketing of two new Carvaan variants 103 98 • Music Bar with Karaoke at the Higher end • Carvaan Mobile at the Lower end 45 Q4-FY21 Q
Slide 11: Films, Web Series & TV Segment Operational Highlights
FILMS, WEB SERIES & TV SEGMENT OPERATIONAL HIGHLIGHTS Films and Web Series Future Outlook • Completed shooting of our first • Web Series ‘Hunter- The Invisible Malayalam film “Padavettu” starring Women’ starring Suniel Shetty Nivin Pauly. expected to release soon • Shooting begins for next Malayalam
Slide 12: New Initiatives – Live Music Events
NEW INITIATIVES – LIVE MUSIC EVENTS Started Live Music Events “Saregama Live” with a bang with India’s biggest live Performance star Diljit Dosanjh. • 6 concerts were held in Q1 • India : Gurgaon, Jallandhar • Canada : Vancouver, Calgary, Winnipeg, Toronto Future Outlook In addition to concerts, the
Slide 13: Financial Highlights Consolidated
FINANCIAL HIGHLIGHTS CONSOLIDATED 13
Slide 14: Quarterly Financial Summary
QUARTERLY FINANCIAL SUMMARY Particulars (INR Mn) Q1 FY23 Q4 FY22 Q-o-Q Growth Q1 FY22 Y-o-Y Growth Revenue from Operations • Music 1,274 1,271 0.2% 919 39% • Films, Television serials and Events 386 525 (26)% 119 224% • Publication 33 6 450% 12 175% Revenue from Operations 1,693 1,802 (6)% 1,050 61%
Slide 15: OIBCID to PAT
OIBCID to PAT Q1-FY23 without Q-o-Q Y-o-Y Particulars (INR Mn) Q1-FY23 impact of Change Q4-FY22 Q1-FY22 FY22 Growth Growth in Useful Life Revenue from Operations (A) 1,693 1,693 1,802 (6)% 1,050 61% 5,806 Total Expenses (B) 1,046 1,046 1,158 (10)% 629 66% 3,576 OIBCID (C= A-B) 647 647 644 0.5% 421 5
Slide 16: Balance Sheet
BALANCE SHEET As at 30th As at 31st As at 30th As at 31st Equity and Liabilities (INR Mn) Assets (INR Mn) June’ 2022 Mar’ 2022 June’ 2022 Mar’ 2022 Shareholder's fund Non-current assets (a) Equity share capital 193 193 (a) Property, plant and equipment 2,144 2,141 (b) Other equity 13,899 13,584 (b)
Slide 17: Cash Flow Statement
CASH FLOW STATEMENT Particulars (INR Mn) QE June’22 FY 22 Pre-Tax Profit 557 2,044 Change in other operating activities ( including non-cash Items) (10) (139) Change in Working capital (584) (389) Taxes Paid (49) (572) Net cash generated from/(used in) Operating Activities (A) (86) 944 Redemption/(I
Slide 18: Financial Highlights Standalone
FINANCIAL HIGHLIGHTS STANDALONE 18
Slide 19: Financial Performance
FINANCIAL PERFORMANCE Q1-FY23 without impact of Change Q-o-Q Y-o-Y Particulars (INR Mn) Q1-FY23 Q4-FY22 Q1-FY22 FY 22 in Useful Life Growth Growth Turnover 1,479 1,479 1,774 (17)% 1,022 45% 5,683 Other Income 98 98 172 (43)% 28 250% 334 Total Revenue 1,577 1,577 1,946 (19)% 1,050 50% 6,017 Total Exp
Slide 20: Balance Sheet
BALANCE SHEET As at 30th As at 31st As at 30th As at 31st Equity and Liabilities (INR Mn) Assets (INR Mn) June 2022 March 2022 June 2022 March 2022 Shareholder's fund Non-current assets 193 193 (a) Property, plant and equipment 2,143 2,140 (a) Equity share capital (b) Right-of-use assets 11 13 (b) O
Slide 21: Financial Charts (Consolidated)
FINANCIAL CHARTS (CONSOLIDATED) Revenue from Operations Music Licensing Revenue PAT (INR Mn) Diluted EPS (INR) (Turnover) (INR Mn) (INR Mn) 1,526 * 8.4 1,135 * 3,585 5,806 6.5 5,447 5,215 * 2,839 4,420 2,361 543 3,566 435 1,949 1.6 283 3.1 1,478 2.5 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
Slide 22: Disclaimer
DISCLAIMER Saregama India Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in al