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Agenda
I.
II.
About us....14-17
III.
Annexure
- Financials.......18-21
- Shareholding pattern......22
Creative Services
Movies Delivered- The Hunger
Games: Mockingjay-Part 2, In the
Heart of the Sea, Paranormal
Activity: Ghost Dimension & Pan
Bundled Services (VFX+3D) for
Captain America Civil War &
Batman V Superman
Best
VFX
Academy
Award
nomination- Ex Machina; BAFTA
nomination: Ant-man & Ex Machina
Robust Order book with new
additions like Jason Bourne,
Captain
America
Civil
War,
Assassins Creed, A Cure For
Wellness, Fantastic Beasts and
Where to Find them
Revenues up driven by
robust growth in Creative &
Tech/Tech Enabled Services
47%
YoY growth in Q2FY16 consolidated
revenues reach Rs. 4.7bn
PFT
CLOUD & Enterprise software led
Digital Transformation strategies by
Broadcasters & Studios continue to
drive PFT growth
Strong growth in CLEAR Media
ERP SaaS sales, 6 new deals in
the quarter, All international deals
Order book grew by $13 million in
the quarter
India FMS
17.7%
Rank
1
2
3
4
5
6
7
8
9
10
Movie
Worldwide
Prime Focus
Gross ($mn)
2,011.8
1,670.4
1,516.0
1,405.4
1,159.1
879.2
856.8
682.3
652.2
608.3
Y
Y
Y
Y
Y
Personnel costs as %
of revenues
Net Revenues
4,685
Personnel costs
EBITDA / Margin
EBITDA
As % of revenues
EBITDA Margin
17.7%
1,200
47% YoY
3,500
3,000
65%
64.1%
2,920
20%
18%
1,000
3,187
831
64%
16%
14%
2,500
2,041
800
11.1%
12%
63%
2,000
134% YoY
600
1,500
62%
400
355
8%
62.3%
1,000
10%
6%
4%
61%
200
500
2%
Q2FY15
Q2FY16
60%
Q2FY15
Q2FY16
0%
Q2FY15
Q2FY16
Revenue up 47%YoY in the quarter driven by robust growth in Creative & Tech/Tech Enabled Services
Personnel cost as percentage of revenues declines to 62.3% from 64.1% as more work is delivered from India
EBITDA Margin for the quarter increased by 660bps to reach 17.7% from 11.1% in same period last year on
account of integration & cost consolidation initiatives
PBT at Rs. (94)mn in the quarter from Rs. (395)mn in Q2FY15 with improved margin & progress in integration
activities
Integration & one time expenses reduces to Rs. 60mn as integration continues to progress well
PAT for the quarter at Rs. (114)mn as against Rs. (362)mn in Q2FY15
Segment-wise revenues
3,381
Q2FY15
37% YoY
Q2FY16
2,475
39% YoY
579
Creative Services
803
Segment-wise EBITDA
394
Q2FY16
Creative Services
225
149
India FMS*
Q2FY15
428
37.7%
25.8%
132
India FMS*
33.6%
28.1%
125
15.9%
Creative Services
373
350
India FMS*
Note:
*Q2FY16 includes RMW FMS financials, hence YoY financials are not comparable
Q2FY15
12.7%
Q2FY16
7
International
Bollywood
TVCs
Paranormal Activity:
Ghost Dimension
Batman v Superman
Captain America
Civil War
Inferno
Geostorm
Jason Bourne
Fantastic Beasts
and Where to Find
Them
The Huntsman
Fan
Raees
MohenJo Daro
Neerja
Akira
Rocky
Handsome
M. S. Dhoni: The
Untold Story
Jagga Jasoos
The Legend of
Michael Mishra
10
PFT expands reach with strong revenue visibility thru annuity contracts
- Key International Customer wins
Revenue & EBITDA Margin
1,000
33.3%
900
32.1%
26.6%
713
21.4%
700
26.0%
25.7%
800
702
26.0%
28.1%
803
34%
29%
702
24%
579
Project
Based
26%
600
500
429
488
19%
468
14%
400
Annuity
74%
300
9%
200
4%
100
-1%
Revenue by Geography
ROW
34%
India
66%
11
Debt profile
Consolidated debt at $198mn (Rs. 13,077mn) in Dec15 compared to $172mn (Rs. 11,377mn) in
Sept15
Cash and Cash Equivalents / Deposits of Rs. 1,000mn at the end of Dec15
The Debt includes unsecured loan of Rs. 3,920mn and secured cash paying debt is at Rs. 9,157mn
Increase is primarily on account of short Term O/D taken at DNeg to manage working capital on the
back of new facility at Vancouver
Debt Composition
SCPE NCD,
22%
Financial
Leases, 6%
India (dollar
linked),
13.9
Working
Capital,
17%
New Tax
Discounting
Facility, 3%
New PFL
NCD, 4%
LAS, 3%
Term
Loans, 8%
Property
Loans, 8%
PFT OCD,
4%
DNeg O/D
facilities, 9%
$1 = Rs. 66.13
Overseas,
75.7
Reliance Unsecured,
8%
DNeg Term
DNeg Loan, 5%
Leases, 4%
India (rupee
linked),
108.1
12
18-24 months
Leverage strength of
WorldSourcing model with
enhanced execution from tax
advantaged and lower cost centres
Phase 3
24-36 months
Phase 2
Phase 1
13
About us
15
Technology services
Leading broadcasters, studios, brands, sports and
digital businesses
16
17
Annexure
Q2
% YoY
Q2 FY15
FY16
Variance
4,685
3,933
2,920
1,013
753
79
831
582
250
251
37
5
-34
60
-94
51
-30
-114
3,187
2,792
2,041
751
394
-40
355
470
-115
173
35
-253
142
-395
5
-39
-362
47%
41%
43%
35%
91%
NM
134%
24%
NM
45%
NM
-87%
NM
-58%
NM
825%
NM
NM
6M
% QoQ
Q1 FY16
ending
Variance
Dec 15
4,486
4%
9,171
3,965
-1%
7,898
2,923
0%
5,843
1,042
-3%
2,055
521
45%
1,273
217
-64%
295
737
13%
1,568
621
-6%
1,203
116
115%
365
178
41%
429
NM
37
0
918%
5
-61
NM
-95
123
-51%
182
-184
NM
-277
41
23%
92
-55
NM
-85
-170
NM
-284
6M
% YoY
ending
Variance
Dec 14
6,756
36%
6,250 26%
4,498
30%
1,752
17%
506
152%
-7
NM
499
214%
936
29%
-437
NM
331
29%
NM
176
-97%
-591
NM
485
-62%
-1,076
NM
-351
NM
-144
NM
-582
NM
6M ending 6M ending
Dec 15
Dec 14
Q2 FY16
Q2 FY15
Q1 FY16
EBITDA Margin
16.1%
12.4%
11.6%
13.9%
7.5%
17.3%
17.7%
11.1%
16.4%
17.1%
7.4%
15.0%
Net Margin
-2.4%
-11.3%
-3.8%
-3.1%
-8.6%
-18.2%
83.9%
87.6%
88.4%
86.1%
92.5%
82.7%
62.3%
64.1%
65.2%
63.7%
66.6%
59.4%
21.6%
23.6%
23.2%
22.4%
25.9%
23.3%
Note: From March-15 Revenues from tax credits in Vancouver, which was earlier netted off against personnel cost is reclassified as Revenue
FY 15
16,076
13,291
9,541
3,750
2,785
-373
2,412
2,211
201
727
196
-331
2,475
-2,806
325
-209
-2,922
FY 15
19
11,118
8,198
1,540
3,926
49
2,505
93
6,451
33,880
13,348
3
441
8,030
857
584
1,646
1
6
4,083
436
2,532
2,938
35,210
6
3,756
616
1,945
2,647
33,880
20
Q2 FY16
Q2 FY15
% YoY
Variance
373
251
122
129
122
4
125
74
51
64
43
30
30
18
11
350
216
98
119
134
-2
132
52
80
84
21
16
16
2
14
6%
16%
25%
8%
-9%
NM
-5%
41%
-36%
-24%
107%
82%
NM
82%
767%
NM
-20%
6M
6M
Q1
% QoQ
% YoY
ending ending
FY 15
FY16 Variance
Variance
Dec 15 Dec 14
388
-4%
761
604
26%
1,236
252
0%
503
359
40%
754
114
7%
236
184
29%
384
138
-6%
266
175
52%
369
136
-11%
258
245
5%
482
47
-92%
51
-12
NM
17
183
-32%
308
233
32%
499
73
1%
147
107
38%
236
110
-53%
161
126
28%
264
59
9%
123
125
-2%
247
24
76%
67
27
148%
93
75
-61%
105
28
277%
110
NM
NM
157
75
-61%
105
28
277%
-47
25
-28%
44
2
2683%
234
NM
NM
50
-77%
61
26
133%
-281
6M ending 6M ending
Dec 15
Dec 14
Q2 FY16
Q2 FY15
Q1 FY16
EBITDA Margin
32.6%
38.2%
35.1%
33.9%
40.5%
33.6%
37.7%
47.2%
40.5%
38.6%
40.4%
Net Margin
3.0%
4.1%
12.8%
8.0%
4.3%
-22.7%
67.4%
61.8%
64.9%
66.1%
59.5%
61.0%
32.8%
27.9%
29.4%
31.1%
30.4%
31.1%
34.5%
33.9%
35.5%
35.0%
29.0%
29.9%
FY 15
39.0%
21
Public
&
Others,
7.9%
Promoters, 35.0%
SCPE, 22.0%
RMW, 35.1%
22