Sky Network Television Ltd · NZX:SKT
Sky Network Television — Shareholder Meeting (October 2010)
28 slides from Sky Network Television's shareholder meeting presentation, Oct 28, 2010
Slide 1: Sky Network Television Annual General Meeting 2010
SKY NETWORK TELEVISION ANNUAL GENERAL MEETING 2010
Slide 2: CEO John Fellet
CEO JOHN FELLET
Slide 3: Total Revenue
Total Revenue $742 $692 $659 $619 $549 7.2% 5% 2006 2007 2008 2009 2010
Slide 4: Revenue Drivers
Revenue Drivers New Subscribers High Definition Movie Tiers MY SKY Additional Outlets SKYWATCH Sport Tiers FATSO Pay Per View Rialto SKY Sport The Magazine Country 99 TV PRIME
Slide 5: Total Net Gain
Total Net Gain 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Slide 6: Total Net Gain
Total Net Gain 12.00% 7.00% 2.00% -3.00% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Unemployment GDP (1 Yr lag) -8.00%
Slide 7: Propensity to Subscribe
Propensity to Subscribe 3% 4% 13% 78% 1% 1% 0% 20% 40% 60% 80% 100% Very likely Fairly likely Neither likely non unlikely Fairly unlikely Very unlikely Don't know Source: Digital Tracker QB9
Slide 8: Monthly Net Gain
Monthly Net Gain 6,000 5,000 4,000 3,000 2,000 1,000 0 -1,000 -2,000 ov pr ug p ec l ct n b n ar ay Ju Se Ja Fe Ju O A M N D A M 2010 2011
Slide 9: Monthly Churn
Monthly Churn 2.50% 2.00% 1.50% 1.00% 0.50% c ct n r b n ov g ar p ay l Ju Ap De Fe Se Ja Ju Au O M M N 2009 2010 2011
Slide 10: Subscribers
Subscribers 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 UHF Satellite Wholesale MY SKY
Slide 11: Subscriber Growth
Subscriber Growth ‘000 2009 2010 % Change UHF Residential 22.8 0 (100%) DBS (Satellite) Residential 623.6 659.2 5.7% DBS Wholesale 111.3 118.4 6.4% Commercial/Other 21.3 24.8 16.4% Total Subscribers 779.0 802.4 3.0%
Slide 12: MY SKY Subscribers
MY SKY Subscribers 125,000 100,000 189,975 75,000 50,000 103,991 25,000 27,764 19,760 8,900 0 2006 2007 2008 2009 2010
Slide 13: Additional Outlets
Additional Outlets 127,703 125,000 103,974 84,770 100,000 73,751 75,000 58,309 50,000 25,000 0 2006 2007 2008 2009 2010 UHF Satellite
Slide 14: MY SKY/HDi Subscribers
MY SKY/ HDi Subscribers 125,000 100,000 170,248 75,000 84,002 50,000 25,000 27,764 19,727 19,760 19,989 8,900 0 2006 2007 2008 2009 2010
Slide 15: Total ARPU
Total ARPU $67.61 $64.00 $62.10 $60.50 $58.30 2006 2007 2008 2009 2010
Slide 16: MY SKY ARPU
MY SKY ARPU $84.61 $78.02 2009 2010
Slide 17: Advertising Revenue
Advertising Revenue $23 $27 $22 $7 $21 $40 $41 $40 $36 $33 2006 2007 2008 2009 2010 Year End 30 June SKY PRIME
Slide 18: Total Television Market Advertising Revenue
Total Television Market Advertising Revenue 11% 8% 4% 3% -2% -4% -7% -10% -16% -18% Jun 08 Qtr Sep 08 Qtr Dec 08 Qtr Mar 09 Qtr Jun 09 Qtr Sep 09 Qtr Dec 09 Qtr Mar 10 Qtr Jun 10 Qtr Sep 10 Qtr
Slide 19: Programming Costs % Revenue
Programming Costs % Revenue 33% 33% 32% 33% 32% 2006 2007 2008 2009 2010
Slide 20: EBITDA
EBITDA $287.5 $266.6 $261.0 $247.7 $249.4 2006 2007 2008 2009 2010
Slide 21: Net Profit/(Loss)
Net Profit/(Loss) $97.7 $103.0 $88.1 $60.2 $77.9 2006 2007 2008 2009 2010
Slide 22: 2010/11 Guidance
2010/11 Guidance Analyst Consensus Forecasts FY10a FY011 MEAN EBITDA 288 320 EBIT 175 200 NPAT 103 121 Capex 139 119 Subscribers 802 827 • Sky is comfortable with the analyst’s current mean forecasts.
Slide 23: Online Media Platform
Online Media Platform * Crown Fibre Holdings
Slide 24: Online Media Platform: Phase 1
Online Media Platform • Phase #1 – Delivery to home or office computer – Open to SKY Subscribers only – Stream 3 Sport Channels – Movies Tier Subscribers will have the ability to view 100 different movie titles which are scheduled on the SKY Movies tier. – Viewers able to catch up on 10‐20 programme
Slide 25: Online Media Platform: Phase 2
Online Media Platform • Phase #2 – Delivery to Home or Office computer – Options for PPV charges to be put on SKY bill – Open to Non‐SKY Customers
Slide 26: Online Media Platform: Phase 3
Online Media Platform • Phase #3 – Selling content electronically – Delivery to 3rd Party platforms such as XBOX, IPAD, Play Stations and Internet enabled TV’s
Slide 27: Online Media Platform: Phase 4
Online Media Platform • Phase #4 – Delivery to the MY SKY Hard drive
Slide 28: Sky Network Television Annual General Meeting
SKY NETWORK TELEVISION ANNUAL GENERAL MEETING 2010
Sky Network Television — Shareholder Meeting (October 2010) on 6ix