Entertainment Network (India) Limited · NSE:ENIL
Entertainment Network (India) — Q1 FY2011 Earnings Presentation
18 slides from Entertainment Network (India)'s earnings presentation, Aug 6, 2010
Slide 1: Investor Update: Performance Review Q1 FY11
INVESTOR UPDATE PERFORMANCE REVIEW: Q1 FY11 August 6, 2010 1
Slide 2: Presentation Path
Presentation Path Financial Review Business Review Strategic Direction Investors Contact 2
Slide 3: Financial Review
Financial Review 3
Slide 4: Condensed Statement Of Operations
Condensed Statement Of Operations Standalone %age of %age of (Rs. Million) Q1FY11 Total Income Q1FY10 Total Income Growth (%) Income from Operations 571.2 99.3% 500.2 99.6% 14.2% Other Operating Income 4.1 0.7% 2.0 0.4% 102.5% Total Income 575.3 100.0% 502.2 100.0% 14.6% Operating Expenditure 430.7
Slide 5: Financial Performance
Financial Performance (All comparisons with Q1FY10) • Legacy 10 radio stations performance: - Total Income Rs. 415.5 million, up 13.2% - EBITDA grew by 26.1% to Rs 123.8 million - EBITDA margin stood at 29.8% vis-à-vis 26.8% • 22 stations’ recorded revenue growth of 16.7% and EBITDA margin of 13.1%
Slide 6: Condensed Statement Of Operations
Condensed Statement Of Operations Consolidated %age of %age of (Rs. Million) Q1FY11 Total Income Q1FY10 Total Income Growth (%) Income from Operations 1,146.3 99.6% 871.2 99.8% 31.6% Other Operating Income 4.1 0.4% 2.0 0.2% 102.5% Total Income 1,150.4 100.0% 873.2 100.0% 31.7% Operating Expenditure
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance Q1FY11 Inter Co. Rs. Million ENIL TIM ABSIL Adjustments Consolidated Income from Operations 571.2 460.3 115.2 (0.5) 1,146.3 Other Operating Income 4.1 - - - 4.1 Total Income 575.3 460.3 115.2 (0.5) 1,150.4 Expenditure Production Expenses 48.6 23.8 86.8 - 159.2 Lice
Slide 8: Consolidated Financial Performance
Consolidated Financial Performance (All comparisons with Q1FY10) • Times OOH reported revenue growth of 49.0% • Event Management business recorded revenue growth of 70.9% • Consolidated admin expenses include a provision of Rs.36.9 million against Private Treaty revenues of Rs.47.2 million 8
Slide 9: Business Review
Business Review 9
Slide 10: Radio expected to grow at 11.1% in 2010
Radio expected to grow at 11.1% in 2010 Rs. In Billion % share in % share in CAGR Industry Segment CY09 Ad industry CY10E Ad industry Growth 2010-2014 Print Media 100.0 46.2% 108.0 45.3% 8.0% 8.6% Television 89.0 41.1% 100.0 41.9% 12.4% 14.2% Radio 9.0 4.2% 10.0 4.2% 11.1% 12.5% OOH Media 12.5 5.8%
Slide 11: Key Operating Highlights
Key Operating Highlights Radio Business • Private FM radio industry recorded growth of around 25%-27% during the quarter • Retained market leadership with approximately 36-37% share of private FM radio industry • Growth in Ad Revenues led by higher volumes • As per the Indian Readership Survey (IRS)
Slide 12: Key Operating Highlights
Key Operating Highlights TIM and ABSIL • On July 8, 2010, the Board of Directors of the Company in-principle approved the sale of ENIL’s entire equity stake of 83.44 per cent in Times Innovative Media Ltd (TIM) to Bennett, Coleman & Company Ltd (BCCL) – The deal will release significant cash that wi
Slide 13: Strategic Direction
Strategic Direction 13
Slide 14: Strategic Direction
Strategic Direction Expand our footprint in radio broadcasting – Margin growth in existing stations – Grow radio listenership – Horizontal Expansion - Additional licenses in new cities under Phase III Position the Company to benefit from the potential presented by expected regulatory reforms Maintai
Slide 15: Strategic Direction (Cont'd)
Strategic Direction (Cont’d) Establish long-term client relationships for Experiential Marketing - Focus on multi-year contracts to drive revenue growth & margin expansion Focus on “owned” events Target areas where scale can be leveraged – Focus on big-ticket / higher margin segments – Identified se
Slide 16: Investor Contact
Investor Contact Entertainment Network is committed to improving its performance every fiscal and continuously enhance shareholder value through successful implementation of its growth plans. The company’s investor relations mission is to maintain an ongoing awareness of its performance among shareh
Slide 17: Disclaimer
Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties rela
Slide 18: Thank You
THANK YOU 18
Entertainment Network (India) — Q1 FY2011 Earnings Presentation on 6ix