Dish TV India Limited · NSE:DISHTV
Dish TV India — Q1 FY2024 Earnings Presentation
19 slides from Dish TV India's earnings presentation, August 2023
Slide 1: Dish TV India Limited Earnings Presentation
Dish TV India Limited Earnings Presentation Quarter Ended June 30,2023 Stock Code: BSE - 532839 NSE- DISHTV LSE: DTVL
Slide 2: Disclaimer
Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of Dish TV India Limited about its business and the industry and markets i
Slide 3: Key highlights for the quarter
Key highlights for the quarter 3
Slide 4: Key financial highlights
Key financial highlights Operating Operating revenues of Rs. 5,002 million Revenues EBITDA EBITDA of Rs. 2,127 million EBITDA EBITDA margin at 42.5% Margin PAT Net profit of Rs. 205 million, up 15.1 % Y-o-Y Debt Zero debt as on June 30, 2023 4
Slide 5: On the right track
On the right track The Company believes that strong consumer demand for televisions, a recovering rural market The first quarter of the current fiscal saw and innovative content offerings should continue moderating inflation and reduced concerns with to provide tailwinds for content distribution res
Slide 6: Dish TV turns zero-debt
Dish TV turns zero-debt Dish TV India Limited – Repayment of debt over the years (Rs. million) 35,000 31,539 30,000 27,582 25,000 20,000 17,844 15,000 10,000 8,099 5,000 3,756 1,497 725 0 - Gross debt (Rs. mn) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Dec-22 Mar-23 May-23 6
Slide 7: Watcho - OTT aggregation
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Slide 8: Watcho - Originals
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Slide 9: Watcho - Downloads so far
Watcho - Downloads so far Cumulative downloads (mn.) 90 80 80 70 70 60 50 50 40 30 20 25 10 4 - Apr-20 Mar-21 Mar-22 Mar-23 Jul-23 9
Slide 10: 1Q FY24 Financials
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Slide 11: Quarterly performance metrics
Quarterly performance metrics P&L structure – 1Q FY24 Subscription revenues Subscription revenues 16.4% Rs. 3,974 million Marketing and promotional 2.3% 1.8% fees Consolidated revenues Advertisement income Operating revenues Rs. 5,002 million 79.4% Others Cost of goods & services EBITDA 19.0% Rs. 2,
Slide 12: Operating free cash flows
Operating free cash flows Operating free cash flows (Rs. mn.) Operating free cash flows (Rs. mn.) 18,000 2,500 16,092 2,253 16,000 13,862 14,000 2,000 12,532 12,000 1,500 10,000 8,000 993 6,100 1,000 6,000 661 4,000 500 2,000 - - FY20 FY21 FY22 FY23 1Q FY23 4Q FY23 1Q FY24 12 Operating free cash flo
Slide 13: Summarized consolidated P&L - Quarterly
Summarized consolidated P&L - Quarterly 1Q FY2024 vs. 1Q FY2023 Quarter ended Quarter ended Rs. million June 2023 June 2022 Operating revenues break-up (Rs. Mn.) Operating revenues 5,002 6,086 Expenditure 2,875 2,848 Subscription revenues 91 116 EBITDA 2,127 3,238 EBITDA margin (%) 42.5 53.2 821 Mar
Slide 14: FY23 Financials
dishty) @)_ waxco FY23 Financials
Slide 15: Annual performance metrics
Annual performance metrics P&L structure – FY23 Subscription revenues 1.6% Subscription revenues 16.2% Rs. 17,981 million 2.7% Marketing and promotional fees Consolidated revenues Advertisement income Operating revenues Rs. 22,618 million 79.5% Others Cost of goods & services EBITDA** 15.9% Rs. 11,3
Slide 16: Summarized consolidated P&L - Annual
Summarized consolidated P&L- Annual FY 2023 vs. FY 2022 Year Year ended ended Operating revenues break-up Rs. million March – 2023 March – 2022 (Rs. mn.) Operating revenues 22,618 28,025 Expenditure 13,485 11,582 Subscription revenues EBITDA 9,134 16,442 370 610 EBITDA margin (%) 40.4 58.7 3,658 Mar
Slide 17: Consolidated balance sheet
Consolidated balance sheet Rs. million March – 2023 (Audited) Equity and liabilities Equity (a) Equity share capital 1,841 (b) Other equity (9,729) (c) Non-controlling interest (1) Liabilities (1) Non-current liabilities (a) Financial liabilities (i) Borrowings - (ii) Lease liabilities 20 (iii) Othe
Slide 18: Consolidated balance sheet - Assets
Rs. million March – 2023 (Audited) Assets (1) Non-current assets (a) Property, plant & equipment 10,517 (b) Capital work in progress 2,773 (c) Goodwill 1 (d) Other intangible assets 37 (e) Intangible assets under development 3,752 (f) Financial assets (i) Investments - (ii) Loans - (iii) Other finan
Slide 19: Thank you
dishty) @)_ waxco Thank you