Tips Films Limited has informed the Exchange about Investor Presentation
October 30, 2023
To, Listing Department BSE Limited P.J Towers, Dalal Street, Fort, Mumbai – 400 001
To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 050
Scrip Code: 543614
Symbol: TIPSFILMS
Dear Sir/Madam,
Subject: Submission of Investor Presentation
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith a copy of Investor Presentation with respect to Unaudited Financial Results of the Company for the quarter ended September 30, 2023.
The same will be uploaded on our website i.e. at https://www.tipsfilms.in.
We request you to kindly take the above information on record.
Thanking You,
For Tips Films Limited
Haresh N. Sedhani Chief Financial Officer
TIPS FILMS LTD. 501, Durga Chambers, 5th Floor, Linking Road, Khar (West), Mumbai 400052 Tel : 022- 6643 1188 Email : info@tipsfilms.in Website : www.tipsfilms.in CIN: U74940MH2009PTC193028
TIPS Films Ltd.
Investor Presentation – Q2FY24
Safe Harbor
This presentation has been prepared by and is the sole responsibility of Tips Films Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the
trailing restrictions.
This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or
subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or
commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. 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. There is no obligation to update, modify or
amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes
inaccurate.
Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking
statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”,
“shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and
other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include,
among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d)
technological changes, (e) investment income, (f) cash flow projections, and (g) other risks.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The
Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
2
Key Highlights for the Quarter
❖ There were no film releases in Q1FY24, therefore no significant revenue could be booked during the quarter. This quarter’s results
reflect the impact of fixed costs.
❖ The film industry is a creative industry which is highly reliant on manpower. Therefore, the production and release of films are both dependent on multiple factors including competition from other movies, availability of cast and crew, shooting locations, release windows, seasonal trends, public holidays and festivals, avoiding clashes with major events, and analyzing trends in box office performance. Therefore, short-term comparisons are fundamentally incorrect.
❖ Additionally, comparing the performance of different quarters may not be appropriate, as it might involve comparing a blockbuster release from the previous year with a smaller-budget film release in the current quarter. An analytically robust method of comparison would be to do it on an annual basis as that would take into account the vagaries of production as well as releases.
❖ The limited number of releases which we are doing currently leads to such volatility in quarterly earnings, although there is no
change in the earnings outlook for the year.
❖ As we scale up to releasing 4 to 5 movies per annum over the next 2 years and subsequently to 10 to 12 movies per annum in the
subsequent 2 - 3 years, this volatility will reduce.
❖ Our team is geared up for 5 to 6 productions per year and we are also building our project pipeline to achieve this target.
❖ The state of the film industry remains very healthy and the outlook on content demand is positive. Therefore, we are confident of
scaling up profitably.
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Project Pipeline and Star cast
Merry Christmas
Ishq -Vishq Rebound
Sridevi Prasanna
Vijay Sethupathi
Rohit Saraf
Sai Tamhankar
Siddharth Chandekar
Vishal Modhave (Director)
Pashmina Roshan
Jibraan Khan
Aditi Moghe (Writer)
Amitraj (Music)
Katrina Kaif
Upcoming movies
Pritam
Movie being dubbed in 5 languages
Soulmates
Motha Maanus (Nilu Phule Biopic)
Kolhapur To Pattaya (Tentative Title)
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Estimated Revenue Mix for Tips Films’ Releases
Revenue mix estimate
15%
30%
30%
15%
10%
Music Rights Digital Rights Overseas Theatrical Rights Satellite Rights Domestic Theatrical Rights
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Films Don’t Fail… Budgets Do!
Understanding
the monetization
potential of a story and pairing it with
the right cast and execution team is the
essence of successful film making.
Budgeting is effective when a film’s
revenue potential determines
the
choice of cast and execution team.
1. Script Breakdown
TFL limits risk of loss by producing
small and mid budget films.
For
large budget
films, TFL has
developed a partnership model where it
partners with
actors
and other
producers on revenue sharing basis and
thereby limits risk.
Budgeting Process
Tips Films Ltd. Accounting Policy
Tips Films Ltd will write off 100%
of the cost of the movie within 12
months of release.
2. Production Budgeting
Earlier 60% was written off in the
first year, and the remaining over
9 years.
TFL’s success ratio is over 85%. This is because
we continue to monetize films long after their
3. Pre-Production
Box-Office releases.
We own IPR of around 50 films in perpetuity and
expect this library to generate substantial Free
Cash Flow in the medium term.
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Quarterly Financial Performance
Particulars (Rs. in lakhs)
Q2FY24
Q2FY23
Y-o-Y
Q1FY24
Q-o-Q
H1FY24
H1FY23
Y-o-Y
Revenue From Operations
Cost of Production / Distribution
Employee Benefits Expenses
Other Expenses
Other Income
Depreciation and Amortisation Expense
446
350
91
120
31
19
1,513
-70.5%
150
91
117
28
13
66
0
91
154
33
18
576.2%
511.9
1,723
-70.3%
350
181
274
64
38
150
165
252
937
25
EBIT
Finance Costs
PBT
Tax
PAT
PAT %
EPS
-103
1170
-108.8%
-164
-37.5%
-267
2067
-112.9%
9
35
19
27
40
-111
1135
-109.8%
-183
-39.3%
-294
2027
-114.5%
0
330
0
0
590
-111
-25%
-2.6
805
-113.8%
-183
-39.3%
-294
1437
-120.5%
53%
18.6
-279%
-4.2
-57%
-6.8
83%
33.2
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Balance Sheet
Equity & Liabilities (₹ in Cr) Equity Share Capital Other Equity Total Equity Loans Deferred Tax Liabilities, (net) Employee Benefit Obligations Other Non-Current Liabilities Total Non ‐ Current Liabilities
Financial Liabilities Loans
Trade Payables
Total outstanding dues of micro enterprises and small enterprises
Total outstanding dues of creditors other than micro enterprises and small enterprises
Other Financial Liabilities Employee benefit Obligations Current Tax Liabilities (net) Other Current Liabilities Total Current Liabilities
Total Equity and Liabilities
Sep’23 4.3 82.5 86.9 2.5 2.3 0.4
5.2
Sep’22 4.3 77.6 81.9 0.0 2.6 0.0 0.6 3.2
3.5
20.0
0
1.9
0 0 8 24.1 37.5
0.0
6.8
9.1 0.0 4.4 0.4 40.7
Assets (₹ in Cr)
Sep’23
Sep’22
Non- Current Assets
Property, plant and equipment
Investment Property
Other Financial Assets
Other Non‐Current Assets
Total Non ‐ Current Assets
Current Assets
Financial Assets
Investments
Trade receivables
Cash and cash equivalents
Bank balances other than (ii) above
Loans
Other Financial Assets
Other Current Assets
Current Tax Assets (Net)
Total Current Assets
2.7
11.7
0.2
13.1
27.7
0.0
0.6
5.5
0
0
2.6
83.5
9.7
0.9
11.9
0.2
10.3
23.4
0.2
9.1
2.4
3.4
0.0
2.6
84.7
0.0
101.9
102.4
129.6
125.8
8
129.6
125.8
Total Assets
Cash Flow Statement
Cash Flow Statement (Rs. Crs.)
Cash Flow from Operating Activities
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Add : Cash and cash equivalents at the beginning of the period
Cash and cash equivalents
Sep’23
Sep’22
-2.9
-0.6
-2.3
16.8
14.5
-1.5
13.0
1.3
-11.8
2.4
3.1
5.5
20.3
-0.5
20.8
-49.2
-28.4
-4.3
-32.7
10.9
19.6
-2.2
4.7
2.4
9
Thank You!
FICCI – EY Media & Entertainment Report 2022
Tips Films Limited CIN: U74940MH2009PTC193028 Email id: investorrelations@tipsfilms.in
Click Here
Investor Relations Advisors:
Orientcapital (a division of Link Intime India Pvt Ltd)
Nikunj Jain: +91 9769060608 nikunj.jain@linkintime.co.in
Amar Yardi: +91 7045121239 amar.yardi@linkintime.co.in
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