Entertainment Network (India) Limited · NSE:ENIL
Entertainment Network (India) — Q4 FY09 Earnings Presentation
21 slides from Entertainment Network (India)'s earnings presentation, May 19, 2009
Slide 1: Investor Update: Performance Review Q4 FY09 & FY09
INVESTOR UPDATE PERFORMANCE REVIEW: Q4 FY09 & FY09 May 19, 2009 1
Slide 2: Presentation Path
Presentation Path Financial Review Business Review Strategic Direction Investor Contact 2
Slide 3: Financial Review
Financial Review 3
Slide 4: Condensed Statement Of Operations (Standalone Q4FY09)
Condensed Statement Of Operations Standalone %age of %age of (Rs. Million) Q4FY09 Total Income Q4FY08 Total Income Growth (%) Income from Operations 502.1 99.8% 631.7 97.1% (20.5%) Other Operating Income 0.9 0.2% 19.2 2.9% (95.1%) Total Income 503.0 100.0% 650.9 100.0% (22.7%) Operating Expenditure
Slide 5: Condensed Statement Of Operations (Standalone FY2009)
Condensed Statement Of Operations Standalone %age of %age of (Rs. Million) FY2009 Total Income FY2008 Total Income Growth (%) Income from Operations 2,282.8 99.7% 2,252.2 99.0% 1.4% Other Operating Income 7.6 0.3% 21.9 1.0% (65.5%) Total Income 2,290.4 100.0% 2,274.1 100.0% 0.7% Operating Expenditur
Slide 6: Financial Performance
Financial Performance (All comparisons with corresponding period of previous year) Q4 FY09: • On existing business (10 legacy stations): - Total Income Rs. 371.2 million, down 24.1% - EBITDA down 34.5% to Rs 137.1 million - EBITDA margin stood at 36.9% vis-à-vis 42.8% • 22 new stations’ revenues dec
Slide 7: Condensed Statement Of Operations (Consolidated Q4FY09)
Condensed Statement Of Operations Consolidated %age of %age of (Rs. Million) Q4FY09 Total Income Q4FY08 Total Income Growth (%) Income from Operations 995.7 99.8% 1,233.2 99.9% (19.3%) Other Operating Income 2.0 0.2% 1.2 0.1% 66.3% Total Income 997.6 100.0% 1,234.3 100.0% (19.2%) Operating Expenditu
Slide 8: Condensed Statement Of Operations (Consolidated FY2009)
Condensed Statement Of Operations Consolidated %age of %age of (Rs. Million) FY2009 Total Income FY2008 Total Income Growth (%) Income from Operations 4,262.4 99.8% 4,134.7 99.9% 3.1% Other Operating Income 8.6 0.2% 3.9 0.1% 119.0% Total Income 4,270.9 100.0% 4,138.7 100.0% 3.2% Operating Expenditur
Slide 9: Consolidated Financial Performance Q4FY09
Consolidated Financial Performance Q4FY09 Inter Co. Rs. Million ENIL TIM ABSL Adjustments Consolidated Income from Operations 502.1 303.6 224.8 (34.8) 995.7 Other Operating Income 0.9 1.0 - - 1.9 Total Income 503.0 304.6 224.8 (34.8) 997.6 Expenditure Production Expenses 53.6 32.2 97.4 2.7 185.9 Lic
Slide 10: Consolidated Financial Performance FY09
Consolidated Financial Performance FY09 Inter Co. Rs. Million ENIL TIM ABSL Adjustments Consolidated Income from Operations 2,282.8 1,484.3 568.0 (72.8) 4,262.4 Other Operating Income 7.6 1.0 - - 8.6 Total Income 2,290.4 1,485.3 568.0 (72.8) 4,270.9 Expenditure Production Expenses 211.5 87.5 349.2 (
Slide 11: Consolidated Financial Performance
Consolidated Financial Performance (All comparisons with corresponding period of previous year) Q4 FY09 • Times OOH revenues down by 33.1% – Revenues were down due to slowdown in advertising spends – Admin expenses were higher due to provision of Rs.87.5 millions for doubtful debts – Loss on account
Slide 12: Business Review
Business Review 12 ENTeRTainmenT NETWORK wages ute
Slide 13: Ad industry expected to grow at 4.7% in 2009
Ad industry expected to grow at 4.7% in 2009 Rs. Millions % share in % share in Industry Segment CY08 Ad industry CY09E Ad industry Growth News papers 100,330 44.2% 98,320 41.4% (2.0%) Magazines 8,500 3.7% 8,140 3.4% (4.2%) TV 84,000 37.0% 89,880 37.8% 7.0% Radio 8,800 3.9% 10,120 4.3% 15.0% Outdoor
Slide 14: Key Operating Highlights: Radio Business
Key Operating Highlights Radio Business • Private FM radio industry declined by around 22%-24% during the quarter • Mirchi retained market leadership with approximately 40-41% share of private FM radio industry • As per the latest IRS report, Radio Mirchi has yet again emerged as the #1 brand in the
Slide 15: Key Operating Highlights: TIM and ABSL
Key Operating Highlights TIM and ABSL • Times Innovative Media Limited (“TIM”) divested 5 loss making media properties during the year • Gross additions to customers base – Airports : 108 – Traditional : 199 • New revenue streams on track: Retail, Trading • Experienced cancellation of deals due to e
Slide 16: Strategic Direction
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Slide 17: 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 18: 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” rather than “managed” events. Target areas where scale can be leveraged – Focus on big-ticket / higher margin s
Slide 19: 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 20: 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 21: Thank You
THANK YOU 21
Entertainment Network (India) — Q4 FY09 Earnings Presentation on 6ix