Saregama India Limited has informed the Exchange about Investor Presentation
Date: 11th September, 2023
The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051
The General Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
Symbol: SAREGAMA
Scrip Code: 532163
Subject: Intimation of Investors’ Presentation
Reference: Participation in forthcoming Investors’ Conference dated 6th September, 2023.
Dear Sir/Madam,
Further to our letter dated 6th September, 2023 in relation to participating in RP-Sanjiv Goenka Group Investor Day (Investors’ Conference), please find enclosed herewith a copy of the Investor presentation to be made by the Company at the Investors’ Conference.
The above information is being submitted in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
You are requested to kindly take the afore-mentioned on record and oblige.
Yours Faithfully, For SAREGAMA INDIA LIMITED
Priyanka Motwani Company Secretary and Compliance Officer Encl: As above
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com
RPSG Group &
www.rpsg.in
Growing legacies
1902
1844
1899
1863
2001
1960
1986
1988
1989
1990
2012
2017
2021
Legacy is about building the future by honouring the past. With a rich heritage, RPSG Group today is one of the most revered business conglomerates of India. The Group inspires trust and credibility through its value-driven business culture and thought leadership.
R P S G - G R O U P P R E S E N TA T I O N
Year of Acquisition
Year of Incorporation
2
RPSG group: Building a diversified conglomerate
Strong Portfolio of Consumer and Growth Oriented businesses
Focus on Operational Excellence
Focus on Value Addition
Group Core Strengths
Focus on People and Performance oriented culture
Execution Excellence
Financial Discipline
Group turnover of ~US$4.5 Bn*
EBITDA of ~US$700 Mn*
Asset base of >US$6 Billion* Over 1 Million Shareholders*
One of India’s New-age
and fastest growing
Strong workforce of 50,000
conglomerates#
employees, belonging to different nationalities#
Presence in 45+ countries#
100+ offices worldwide#
R P S G - G R O U P P R E S E N T A T I O N
* As on FY23
3
Anchored to core values
Vision
To be a responsive conglomerate driven by sustainable growth, efficiency and innovation.
HUMANENESS Be fair, respectful, transparent and sensitive
SUSTAINABILITY Be equally responsible for people, planet, profits
Shashwat Goenka Sector Head- Retail & FMCG
V C Agrawal President Group Human Resources
Rajarshi Banerjee Group Chief Financial Officer
Banerjee Director
Debasish Managing (Distribution) CESC Limited
Rabi Chowdhury Managing Director (Generation) CESC Limited
Kaushik Roy Managing Director PCBL Limited
Vikram Mehra Managing Director Saregama India Limited
Ritesh Idani Managing Director and CEO Firstsource Solutions
We strive towards performance excellence, value-addition and strong bottom line orientation. I’m happy to say this focus has paid-off – in revenue growth, in profit growth and in valuations – all of which have grown exponentially.
Dr. Sanjiv Goenka Chairman RP-Sanjiv Goenka Group
Rajeev Khandelwal Chief Executive Officer FMCG Business
CREDIBILITY Instill trust, confidence and accountability with our actions
CUSTOMER FIRST Keep customer at the core of every action
Core Values
AGILITY Move ahead of time quickly
RISK-TAKING Dare to go beyond
EXECUTION EXCELLENCE Strive to be the best in everything we do
R P S G - G R O U P P R E S E N T A T I O N
4
Group’s growth trajectory
H in crore
Revenue
EBITDA
Market Cap
FY23
36,901
6,106
39,997*
Innovation
Value addition
Capital Allocation
FY18 3
X 4 .
17,267
X 4 . 4
3,936
X 5 . 8
22,375
Driving Efficiencies
Cost focus
Single line businesses
FY13
13,449
1,863
4,427
Setting up leadership team
Scaling of existing businesses
Foray into new businesses
*Market cap as on 31st Aug 2023
R P S G - G R O U P P R E S E N T A T I O N
Others
5
Our geographical presence
11
17
1
3
FSL (Data Centres) : US | UK | Philippines | Mexico | India
PCBL - Plant Locations : Mundra, Gujarat | Palej, Gujarat | Durgapur, West Bengal | Kochi (Kerala) Tiruvallur (Tamil Nadu)
CESC : Distribution- 6 Cities/Districts | Generation- 5 Thermal Power Plants | Solar- 1 Power Plant
Nature’s Basket : 6 cities
Spencer’s : 44 Cities
Harrisons Malayalam: 20 estates (Kerala, Karnataka & Tamil Nadu)
R P S G - G R O U P P R E S E N T A T I O N
6
Our journey through the decade
2012
Ventured into IT- enabled services by acquiring Firstsource Solutions Ltd.
2013
Quest, Eastern India’s first luxury mall was inaugurated
2014
• Commissioned Haldia Energy (600 MW TPP) and Dhariwal Infrastructure (600 MW TPP)
• Formed ATK
with Atletico de Madrid
• Acquired DF for Kota, Bharatpur and Bikaner in Rajasthan
• Acquired Apricot Foods Ltd.
2016
RPSG Ventures - a VC fund for consumer B2C start-ups
2018
• Acquired a
majority stake in Dr Vaidya’s, largest online Ayurvedic brand
• Acquired Nature’s Basket- a retail chain with diverse gourmet offerings
2019
2017
• FMCG foray with Too Yumm snack brand
• Launched Carvaan, a portable digital music player
• Acquired IPL’s Pune Franchise- Rising Pune Supergiant
2020
• Acquired DF for Malegaon
• Acquired a
majority stake in Mohun Bagan Athletic Club, Kolkata
• FSL acquired
PatientMatters, a healthcare revenue cycle management solutions provider
• Launched
personal care range – Naturali
• Acquired Durban
franchise of South African League
• Set up RP Goenka
International School
2022
2021
• Won the Lucknow Franchise of IPL — Lucknow Super Giants
• Raised growth capital in PCBL and Saregama
• Won distribution
license in Chandigarh
• FSL acquired The
StoneHill Group Inc. and American
Recovery Services Inc.
R P S G - G R O U P P R E S E N T A T I O N
7
ESG focus
Sustainability
as one of the core values for the group – ‘Be equally responsible for people, planets and profits’
“Great Place to Work” CESC, Firstsource & Spencer’s
Green Building
17 Certified Buildings & 1.6 Mn Sq Ft of Operating Area
The RP-Sanjiv Goenka Group has received the United States Green Building Council Leadership Award for South-East Asia 2021 for its one-of-a-kind project
Sustainability Reports – CESC and PCBL have been publishing their Sustainability reports annually for a few years now
GHG emission reduction target PCBL- 15% plans to reduce net Co2 emission by 2030 CESC aims to reduce its GHG emissions and Carbon Footprint by 2030
Water Conservation
All plants at PCBL adhere to ZLD regulations.
By 2030 CESC covet all power plants to be ZLD compliant
FSL and HML have 44% & 50% women workforce, respectively
Firstsource comprehended in the 2022 Bloomberg Gender-Equality Index (GEI)
Board Composition
FSL, PCBL, Saregama, Spencer's, RPSG Ventures, CESC - 50% Independent Directors
R P S G - G R O U P P R E S E N T A T I O N
8
Strategic priorities
Sustainably growing our businesses (Organic and Inorganic mix)
Enriching portfolio of businesses by increasing share of value-added product and services
Profitable Growth (Focus on ROCE as KPI)
Transforming into R&D and Innovation led culture
ESG Commitment
Shareholder Value Creation
R P S G - G R O U P P R E S E N T A T I O N
9
Numerous Legacies Continuous Growth
THE WORLD’S NO.1 CELEBRITY MAGAZINE
Years
UEST
R P S G - G R O U P P R E S E N T A T I O N
10
I N D I A ’ S L A R G E S T I P C O M P A N Y M U S I C . F I L M S . S E R I E S . L I V E .
Disclaimer
Saregama India Ltd. Disclaimer: In evaluating our business, we consider and use non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, PAT Margin, Debt to Equity Ratio, Return on Equity, to review and assess our operating performance. These non-GAAP financial measures are not defined under Ind AS and are not presented in accordance with Ind AS. They may not be comparable to similarly titled measures reported by other companies due to potential inconsistencies in the method of calculation. We have included these non-GAAP financial measures because we believe they are indicative measures of our operating performance and are used by investors and analysts to evaluate companies in the same industry. These non-GAAP financial measures should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity reported in accordance with Ind AS. These measures should not be considered in isolation or construed as an alternative to Ind AS measures of performance or as an indicator of our operating performance, liquidity, profitability, or results of operations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the Standalone/Consolidated Financial Statements.
No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Saregama India Ltd., which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward- looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.
This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.
India’s Leading and only Entertainment Company with Diversified Business Young & Entertaining @ 121
First recording of an Indian song by Gauhar Jaan.
RPG Group acquired the company
TV Serial production started
Carvaan launched
Started investing in non-film music
1902
1946
1986
2000
2001
2016
2017
2017
2020
2022
Company incorporated as The Gramophone Company (India) Pvt. Ltd.
Products started retailing under ‘Saregama’
Started investing in new Film Music again
Film Production House Launched
Launched Live Events business
SAREGAMA KEY FINANCIAL METRICS
Revenue From Operations (INR Mn)
Adjusted EBITDA (INR Mn)
22% CAGR
7,366
50% CAGR
2,712
2,230
5,806
5,447
5,215
4,420
3,566
2,185
1,451
1,519
786
763
511
237
847
603
389
159
PBT(INR Mn)
58% CAGR
2,481
2,044
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY23 numbers are restated post impact of demerger
INDUSTRY OVERVIEW
Global Music Industry continues to Grow on back of Paid Streaming
10% pa
Streaming accounted for 67% of global recorded music revenue in 2022
589
523
443
341
255
176
112
68
8
13
20
41
28
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY22
Worldwide users of paid music streaming subscriptions at the end of the respective year
Source: IFPI
Source: Statista
Indian Media & Entertainment Sector is expected to grow at 11% pa on the back of Digitisation
Saregama has a play in multiple verticals of the Sector
MUSIC
VIDEO
LIVE EVENTS
INDUSTRY SIZE (2022) : INR 24000 Mn NEXT 3 YEAR GROWTH : 15%
FILM INDUSTRY SIZE (2022) : INR 172000 Mn NEXT 3 YEAR GROWTH : 10%
INDUSTRY SIZE (2022) : INR 73000 Mn NEXT 3 YEAR GROWTH : 22%
DRIVERS
DRIVERS
DRIVERS
• Easy Access: 750M smart phones • Cheap Data • Fall in Piracy • Streaming turning Pay • Growth in Digital Advertising • Short-format apps inviting Advertising
• 750M smart phones • 22M connected TVs expected to grow to
40M by 2025
• 45M SVOD subscribers • 450M+ YouTube users
• Rising Disposable Income • •
Lack of Entertainment options Improvement in Infrastructure
Biggest driver is Digital Advertising. Grew by 30% last year to INR 499B. This is primarily due to explosion in consumption of content on digital platforms
Source: FICCI-EY Report Apr23
Digitisation Driving Growth
Digital Boom in India
~750M smart phones 22M connected TVs Cheap Data
Anti-piracy Laws Technology assisting Infringement Tracking
Increase in App Usage
Music Streaming Spotify / Gaana/ Wynk Social Media YouTube / Facebook Video Streaming Netflix / Amazon / Hotstar Short-format Apps Instagram/ Moj / YT Shorts
driving
Increase in Revenue
driving
SVoD Netflix / Disney / Spotify AVoD YouTube / Instagram
driving
Increase in Demand for Content
Music Films Web Series TV Series Podcasts 1-min videos
COMPANY OVERVIEW
MUSIC LICENSING, MUSIC RETAIL, FILMS & SERIES, LIVE EVENTS
1,574
1,024
702
521
476
Film, Series and Events
FY19
FY20
FY21
FY22
FY23
2,948
2,062
1,056
861
1,298
Music Retail
FY19
FY20
FY21
FY22
FY23
FY23 numbers are restated post impact of demerger
21%
18%
FY23 Revenue INR 7366 Mn
61%
* 4,410
* 3,585
* 2,839
* 2,361
1,949
FY19
FY20
FY21
FY22
FY23
* One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn in FY20 are excluded
Music Licensing
Strategic Overview
To be a Pure Play Content Company capitalising on the global content consumption boom
driven by the ever-increasing Digitisation
Monetisation of Existing IP
Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform.
Carvaan transitioning from being a Product with only one-time margin to a Platform for Music lovers with recurring advertising, transaction and subscription revenue
Cementing leadership position with New film and non-film music acquisition across Hindi, Tamil, Telugu, Bhojpuri, Gujarati, Punjabi, Malayalam, Bengali and other regional languages.
Building of New IP
Producing Theatrical Films in only Regional languages and Web Series in all languages. Revenue secured through pre-licensing to digital platforms. Scale allowing lower cost of production
Building Live Music based Events IP, preferably around Saregama owned music
150k+ Songs | 69 Movies & Web Series | 6k+ hrs of TV Series | Advantage Saregama
Path to Leadership Position in Music Segment
Disproportionate Share of
New Content across Hindi & Regional Languages
+
Acquisition of Small & Mid size Music Catalogues using Cash Reserves
+
Better Monetisation Capability on the back of Catalogue + New Content strength
Investments in Data Analytics & AI
Marketing Muscle
+
Deeper artiste relationships through play in Artiste Management & Live Events
+
Strength of Balance Sheet
Decentralised Decision Making
+
India’s Largest and Most Popular Music Catalogue
Our growth strategy in Video segment
Pick Films and Cast primarily basis recoveries from Digital and TV licensing
Pick Web Series basis pre-licensing approval from a VoD platform
+
Volume of Films / Series to drive Cost Optimisation & Licensing Leverage
Greater emphasis on regional movies because of better ROI
Retain IP for Portfolio building & future exploitation
+
Access to Music Catalogue gives Unique Strength
MUSIC SEGMENT LICENSING, RETAILING
Music Segment : Licensing Music Catalogue of the Golden Era across Languages
Share of Saregama’s Songs by language
Others 14%
Bhojpuri 1%
Kannada 2%
Gujrati 3%
Malayalam 5%
Marathi 5%
Punjabi 6%
Hindi 28%
150K+
Telugu 7%
Tamil 9%
Bengali 20%
Music Segment : Licensing Revenue from Catalogue Music continues to grow
3-pronged strategy to maximize Catalogue Revenue
Releasing Derivatives relevant to younger generation
Encouraging User Generated Cover versions
• LoFi • Trap Mix • Acoustic • Dance videos
• Share Royalty with the
Creator
• Competitions
Occasion based promotion of the Original song
• Instagram • YT Shorts • Streaming Platforms
New Song (derivative of a Catalogue song) gets a fresh Copyright Life
Music Segment : Licensing
But Saregama is no longer a Catalogue Company 48% of Licensing Revenue now comes from 21st century songs
FY23 150k+ songs generated Licensing Revenue INR 4,410 Mn * Era wise Breakup
2021-2023
8%
27%
2001-2020
1981-2000
1961-1980
Till 1960
16%
2.6%
Count of Songs
Revenue
25%
26%
25%
21%
21%
29%
33% of Saregama’s songs were released post 2000, and they contributed to 48% of FY23 revenue
Derivatives of catalogue songs are classified basis derivative song release date *Excluding one time income of INR 84 Mn
Music Segment :Licensing Chartbuster Songs of 2022 YouTube : 100M views Club
325M+
325M+
255M+
217M+
187M+
165M+
132M+
130M+
Data Mining Based Predictive Models I Decentralised Decision Making I Partnership with Production houses having proven track records I High Success Ratio
120M+
105M+
135M+
Views from all versions of the song, including lyrical, uploaded on Saregama’s official YouTube channel. Does not include UGC views
Chartbuster Songs of 2023
Music Segment : Licensing Major Film Releases FY24: Hindi
Major Film Releases FY24 : Tamil
Major Film Releases FY24 : Telugu
Major Film Releases FY24 : Malayalam
Making Money from Music Licensing
A. Music Streaming Apps (OTT)
Saregama Music is licensed to multiple Global Platforms • Saregama licenses its music to various OTT platforms for online streaming. This segment has seen >20% YoY growth for is expected to grow even faster with Saregama, and streaming platforms moving towards subscription economy • The growth is driven by both increasing number of users (growth in smartphones) and higher usage (cheaper data) along with falling piracy
• Saregama earns every time a customer listens to Saregama
owned song on any OTT app
Music Streaming Platforms (OTT)
B. Social Media Platforms (incl. Video sharing Apps)
Saregama has 32 channels on YouTube with a cumulative subscriber base of over 84 Mn (i.e. 31% increase from FY22 base of 64 Mn)
YouTube generates advertising revenues on views which are shared with Saregama. This also applies to advertising running on 3rd party content that is using any of Saregama’s IP (song, lyrics, music composition, dialogues) within the video.
Saregama has issued 1-2yrs fixed-fee licenses to other social media platforms, allowing their users to upload videos containing Saregama songs
All views related to Saregama IP across its Owned Channels and User Generated Content on YouTube (in Bn p.a.)
202
57
FY19
131
104
69
FY20
FY21
FY22
FY23
Social Media Platforms
34
IMDb
Dil Bekaraar
Making Money from Music Licensing
C. Video streaming platforms With the rising popularity of video streaming in India, platforms like Netflix, Disney+ Hotstar, Amazon, MX Player, Zee5, Alt etc are aggressively investing in Indian content. Most of these new shows license Saregama owned music, for the global territory, thus creating a rapidly growing revenue stream for the company.
issues fixed fee
Saregama licenses to Program Producers for use of its music in their Programs that they in turn license to Video Streaming Platforms
D. Broadcasting Platforms – TV Channels, Brands
• Saregama Licenses its music to Television Channels for use in various TV serials, reality shows, promotions, etc., and also to Production houses for use in ads running on TV, Digital including Social Media and Radio.
• The Company has built a browser-based search functionality, using the song metadata, helping content creators find the best song fit for their situation.
• Saregama issues 1-2 yrs fixed-fee licenses to TV channels for use
of its music in programs running on their channels
Digital Films/Web series licensing Saregama Music
TV Channels, Brand Advertising
v
v
v
35
Music Segment : Retailing
India’s most "DIFFERENTIATED" and "PREMIUM" music brand
Brand Attributes
Convenience of Use
35+ Segment
Carvaan Volumes (lacs)
9.1
Product wise Volumes (FY23)
7.4
5.6
34%
27%
3.9
3.5
4.0
Premium
Nostalgia
FY18
FY19
FY20
FY21
FY22
FY23
39%
Carvaan Mini Mobile
VIDEO SEGMENT FILMS, SERIES AND TV
Video Segment : Films & Series
• Yoodlee Films is Saregama’s production house focussed on creating content for theatrical
releases and 3rd party digital platforms & TV
• Saregama issues period-based licenses for its movies to these platforms for a fixed-fee
• Yoodlee films, as a studio is positioned as a “Writer’s Studio” focussed on telling powerful stories targeted at younger audiences across the world who primarily consume content on personal devices
25
• Focus on output deals
to generate assured
revenues up
front but with
Movies & web series
the IP remaining with Saregama
• Symbiotic relationship with the Music business
14 on Netflix 4 on Disney Hotstar 5 on Zee5 2 on Amazon Prime / Mini
38
Video Segment : Films & Series Upcoming Releases
39
Video Segment : TV Serials
Tamil TV Serials • Saregama is leading TV series content producer for Southern channels. In the past, it also produced shows for Hindi GECs, but due to IP ownership, it decided to focus on business where the company It now produces TV content in South Indian can retain the IP. languages
• Saregama has created approximately 6k+ hours of content for Sun
TV over the last 20 years
• The IP of all these serials is owned by Saregama
• Saregama is already monetising the serials on Youtube and Facebook and plans to do the same on other video platforms too
The revenue stream is through sale of commercial time (advertising slot). The Company also monetises these serials on digital platforms like YouTube.
Our South TV YouTube channel garnered 1.8 Bn views in FY23
• New TV serials "Iniya“ & “Ilakkiya” launched in Q3FY23
are getting a good response in terms of TRPs. “Ilakkiya” rated the No. 1 TV serial in afternoon slot across all Tamil Channels.
“Iniya” has already become No.3 rated TV Serial in prime time across all Tamil channels.
• Unlocking the value of existing IP through language remakes, new platform licensing and syndication.
40
LIVE EVENTS
Live Events
Started Live Music Events “Saregama Live” with a bang with India’s biggest live Performance star Diljit Dosanjh.
14 concerts were held in FY23 India : Gurgaon, Jalandhar, Mumbai and Jaipur Canada : Vancouver, Calgary, Winnipeg, Toronto
• • • • USA : Newark, Fairfax, Dallas, Houston, California, Oakland
➢ Saregama Live’s stage adaptation of Bollywood’s iconic film – Disco Dancer
premiered in London. 6 Live Shows were held in FY23 12 shows held in Mumbai in Q1 FY24
➢ Establishing our credential, as a serious live events player
➢ Vertical will be in investment mode for first 2-3 years
42
FINANCIALS
Particulars (INR Mn)
Revenue from Operations (A)
Total Expenses (B)
Adjusted EBIDTA (C= A-B)
Adjusted EBIDTA Margin (%)
Content Charge (D)
Depreciation (F)
Finance Cost (G)
Other Income (H)
PBT (E-F-G+H)
Tax
PAT
PAT Margin (%)
Diluted EPS (Face value Re.1)
Financial Summary
FY23*
7,366
4,654
2,712
37%
679
31
57
536
2,481
630
1,851
25%
9.63
Y-o-Y Growth
27%
30%
22%
47%
15%
27%
54%
21%
22%
21%
FY22
5,806
3,576
2,230
38%
463
27
45
349
2,044
518
1,526
26%
8.42
FY21
4,420
2,969
1,451
33%
179
27
35
309
1,519
384
1,135
26%
6.50
Content Charge include the following charges related to the new content during the year: 1) 4) Content charge does not include royalty paid post-Minimum Guarantee amount recouped
Amount amortised in case of Royalty based deals 2) Amount amortised against the one-time fee paid in case of Outright purchase-based deals 3) Marketing of new content
* Numbers are restated post impact of demerger
FINANCIAL CHARTS (CONSOLIDATED)
Revenue from Operations (Turnover) (INR Mn)
Music Licensing Revenue (INR Mn)
Content Charge (INR Mn)
PAT (INR Mn)
3 1 5 7
,
7 4 4 5
,
5 1 2 5
,
6 0 8 5
,
0 2 4 4
,
*
9 3 8 2
,
*
1 6 3 2
,
9 4 9 1
,
*
5 8 5 3
,
*
0 1 4 4
,
9 7 6
3 6 4
0 9 8 1
,
6 2 5 1
,
5 3 1 1
,
6 7 1
9 7 1
9 9
3 4 5
5 3 4
FY19
FY20
FY21
FY22
FY23
FY19
FY20
FY21
FY22
FY23
FY19
FY20
FY21
FY22
FY23
FY19
FY20
FY21
FY22
FY23
* One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn (FY20) are excluded
Adjusted EBIDTA Margin (%)
Return on Equity (ROE) (%)*
Diluted EPS (INR)
% 8 3
% 6 3
% 3 3
% 3 3
% 4 2
% 6 1
% 4 1
% 5 1
Debt to Equity Ratio
Dividend per Share (INR)
.
0 3
.
0 3
.
0 2
8 2 0
.
.
8 9
.
4 8
.
5 6
% 4 1
% 3 1
.
1 3
.
5 2
.
3 0
.
2 0
3 0 0
.
- - -
FY19
FY20
FY21
FY22
FY23
FY19 FY20 FY21 FY22 FY23
FY19 FY20 FY21 FY22 FY23
FY19 FY20 FY21 FY22 FY23
FY19 FY20 FY21 FY22 FY23
• ROE = PAT / Shareholders Equity • Shareholders Equity = Equity share capital and free reserves • Since FY22 INR 7500 Mn of fresh fund raise through QIP
added to Shareholders Equity
Previous Years EPS has been restated basis face value of Re.1 per share
Since FY21, Company is debt free
45
THANK YOU