Entertainment Network (India) Limited · NSE:ENIL
Entertainment Network (India) — Q3 FY2008 Earnings Presentation
20 slides from Entertainment Network (India)'s earnings presentation, Jan 24, 2008
Slide 1: Entertainment Network (India) Ltd. Performance Review
>. ™ pF lO f 1 \ f ] 1 | q : j og ENTERTAINMENT NETWORK (INDIA) LTD. Semone’, 60) TIMES OOH EXPERIENCE PERFORMANCE RE January 24,
Slide 2: Presentation Path
Presentation Path Key Developments Financial Review Business Review Strategic Direction VV VV WV Investor Contact ENTERTAINMENT NETWORK (INDIA) LTD. Seu, Gi) TIMES COH
Slide 3: Key Developments
Key Developments ENTERTAINMENT NETWORK (INDIA) LTD. Seu, Gi) TIMES COH
Slide 4: Radio footprint near completion; Times OOH valued at over Rs. 12 bn
% $"! ' % ( % ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities; 30th radio station launched in January, 2008 – Completion of the rollout will result in better margins and profitability • Times OOH valued at over Rs. 12 bn – Goldman Sachs and Lehman
Slide 5: Financial Review
Financial Review ENTERTAINMENT NETWORK (INDIA) LTD. Seu, Gi) TIMES COH
Slide 6: Q3 FY08 vs Q3 FY07 results
% ' ! "! ' # #! * ! # + ,! #$% " # ' -% ! Q3 FY08 Q3 FY07 YoY (Rs. Million) Growth (%) Airtime Sales 680.45 467.37 45.6% Other Income 3.71 0.37 904.9% Total Income 684.16 467.74 46.3% Operating Expenditure 491.89 296.11 66.1% EBITDA 192.26 171.63 12.0% Margin 28.10% 36.69% Depreciation 42.88 14.32 1
Slide 7: Nine months ended December 31, 07 results
% ' ! "! ' # #! * ! # + ,! #$% " # ' -% ! Nine months ended YoY (Rs. Million) December 31, 07 December 31, 06 Growth (%) Airtime Sales 1620.42 1219.63 32.9% Other Income 4.54 6.72 (32.4%) Total Income 1624.96 1226.35 32.5% Operating Expenditure 1283.89 903.26 42.1% EBITDA 341.07 323.09 5.6% Margin 2
Slide 8: Like-to-like performance of 10 legacy stations
! +% * .! ! / $! ) 0 -- . % * , $" % " ) $#& 12 • On a like-to-like basis (10 legacy stations): - Revenues up 11.6% to Rs. 521.4 million - EBITDA up 21.5% to Rs 208.5 million - EBITDA margin stood at 40.0% vis-à-vis 36.7% last year • Reported net profit lower due to launch of 19 new stations; financ
Slide 9: Times OOH and 360 Degrees financials
% ' ! "! ' # #! * ! # + ,! #$% " % " % -$' #! ' Q3 FY08 Nine months ended FY07 (Rs. Million) December 31, 07 Airtime Sales 1352.5 2901.6 2351.1 Other Income 4.7 5.6 13.6 Total Income 1357.2 2907.2 2364.7 Operating Expenditure 1147.7 2764.3 1916.3 EBITDA 209.5 142.9 448.4 Margin 15.4% 4.9% 19.0% Depr
Slide 10: Times OOH and 360 Degrees performance highlights
! +% * .! / ! / $! ) % " % -$' #! ' • Times OOH reported Revenues and EBITDA of Rs. 420.0 million and Rs.(11.9) million respectively. Net of one time cost, EBITDA was positive at Rs.3.2 million • 360 Degrees reported Revenues and EBITDA of Rs. 265.5 million and Rs.29.2 million respectively • Times O
Slide 11: Business Review
Business Review ENTERTAINMENT NETWORK (INDIA) LTD. Seu, Gi) TIMES COH 11
Slide 12: Key Operating Highlights
Key Operating Highlights Radio Business • New Station Roll-outs - Completed the launch of 5 new stations viz. Nagpur, Vishakapatnam, Vijayawada, Coimbatore and Mangalore. With the launch of Raipur station earlier this month, Radio Mirchi is today operational in 30 cities • Retained market leadership
Slide 13: TIM and ABSL
3! ,! #$ 4 5 $4 & -$4 & #" TIM and ABSL • ENIL subscribed to 28 million equity shares of TIM for an aggregate consideration of Rs. 280 million • The capital infusion from investors will be utilised to repay loans, acquire new outdoor media properties and execute existing contracts • All contracts ot
Slide 14: Mirchi – Presence across Key Indian Cities
Mirchi – Presence across Key Indian Cities Operational Forthcoming Ahmedabad Jallandhar Patna Jabalpur Thiruvanantha- Aurangabad Kanpur Pune puram Bangalore Kolhapur Panjim Bhopal Kolkata Raipur Chennai Lucknow Rajkot Coimbatore Madurai Surat Delhi Mangalore Vadodara Hyderabad Mumbai Varanasi Indore
Slide 15: Strategic Direction
Strategic Direction ENTERTAINMENT NETWORK (INDIA) LTD. Sune; @ TIMES OOH 15
Slide 16: Strategic Direction
Strategic Direction Expand our footprint in radio broadcasting – Complete phase II stations rollout – Expansion in international markets Maintain market leadership in fast growing radio industry Focus on Out-of-Home media growth - Expand the network of out-of-home media sites - Contract renewal and
Slide 17: Strategic Direction (Cont'd)
Strategic Direction (Cont’d) Establish long-term client relationships for Experiential Marketing - Establish ourselves as a provider of innovative solutions – “Wellness strategy”. - Focus on “owned” rather than “managed” events. - Focus on Life style, Fashion shows 17
Slide 18: Investor Contact
/ ! " #% % # .# !" # !" # $ % & '( ) * % + #& ! $ +% * #$% , -! " ! . % # . # ! * + , - , .+ / " 0 1 2 3 -4 4 . 5 6 7 % 5 2 ( % 8 0 ! * 9 ! : + ; + / " 0 1 2 3 -4 4 . 5 6 7 % 5 2 3 2 8 < 0 =!= 9 ! & +; > " 0 1 2 3 -4 4 . 4 4 ( 3 % 7 5 7 8 0 ! 9 ! 18
Slide 19: Forward-looking statements
$". - $* ! 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 20: Thank You
THANK YOU
Entertainment Network (India) — Q3 FY2008 Earnings Presentation on 6ix