KINO POLSKA TV S.A. CAPITAL GROUP BUSINESS AND FINANCIAL RESULTS

Transcription

1 KINO POLSKA TV S.A. CAPITAL GROUP BUSINESS AND FINANCIAL RESULTS 2015

2 DISCLAIMER This presentation (the "Presentation") has been prepared by Kino Polska TV S.A. (the "Company", "KPTV") and is for informational purposes only. Its purpose is to present selected data on Kino Polska TV S.A. Capital Group (the "Group") and its prospects for development. It may not be regarded as part of an invitation or offer to acquire securities or to make investments. This presentation does not constitute or form part of any offer or invitation to conduct other transactions in securities. The information contained in this Presentation not arising directly from the periodical reports published by companies belonging to Kino Polska TV S.A. Capital Group has not been independently verified, and therefore there is no guarantee that it is complete and fully reflect the actual state. This Presentation contains statements relating to the future. These statements contain the words such as "anticipate", "intend", "estimate", "be", "expect", "assess" and words of similar meaning. All statements, other than these relating to historical facts, contained in this Presentation, including, among others, statements regarding the Group's financial position, its business strategy, plans and objectives of the management boards for future operations (including development plans and objectives relating to the Group's products and services) are forward-looking statements. Such forward-looking statements are subject to known and unknown risks, are characterized by inherent uncertainties and are subject to other important factors that could cause those actual results or achievements of the Group's operations would be materially different from any future results, operations or achievements expressed directly or implied in these forward-looking statements. These statements are based on numerous assumptions regarding present and future business strategies of the Group and the environment in which it will be operating in the future. The statements contained herein, have been prepared solely as at the Presentation day. The Company expressly waives any duties or obligations to disseminate any updates or revisions of any statements that are contained herein, designed to reflect changes in the Company's expectations or changes in events, conditions or circumstances on which any such statement has been based, unless the applicable laws require otherwise. The Company hereby reserves that the forward-looking statements are not guarantees of future performances and that its actual financial position, business strategy, plans and objectives of the management boards for future operations may differ materially from these described or implied in such statements contained in this Presentation. Moreover, even if the financial position, business strategy, plans and objectives of management boards for future operations of the Group are consistent with the forward-looking statements in this Presentation, those results or developments may not provide any indication as to the results or events in subsequent periods. The Company undertakes no obligation to publish any updates, changes or corrections of information, data or statements contained in this Presentation, unless such an obligation is provided by applicable laws. The Group is not responsible for the results of the decisions which were taken after reading of this Presentation. The only reliable source on the financial results of Kino Polska TV S.A. Capital Group are current and periodic reports, submitted by the companies of Kino Polska TV S.A Capital Group in performing its information obligations arising under relevant Polish laws. 2

3 AGENDA Key Business Facts FilmBox Premium FilmBox Basic & Extended Basic Kino Polska Channels Market share of the channels Number of active subscribers Stopklatka TV Key presumptions Financial results 3

4 Key Business Facts

5 Key Business Facts The best year in the history! The best year in history! Kino Polska Group is currently #9 largest tv advertising player on the Polish market. Kino Polska TV S.A. paid the dividend to the shareholders of the Company for 2014 in the amount of PLN 1.00 per share. Expansion of VOD cooperation and conclusion of significant, lucrative agreement with UPC Polska on the base of which KPTV will provide UPC s MY PRIME SVOD with more than 400 movie titles during a period of 3 years. FilmBox Premium channels rebranding in September

6 Key Business Facts Signing new content deals with major studios: ITV Studios Global Entertainment Freeman Entertainment New Films International The Walt Disney Studios Two new members were appointed to the Management Board: Marcin Kowalski and Alber Uziyel. Katarzyna Woźnicka joined the Supervisory Board and Justyna Strysik-Lewandowska became new Financial Director. Kino Polska TV S.A. made a decision to withdraw its investment from the teleshopping company - TV Okazje Sp. z o.o. 6

7 Key Business Facts Local News Movies TV Series Documentaries Shows PIKSEL Foundation Kino Polska TV S.A.* Grupa Onet.pl S.A. Partner *Kino Polska TV S.A. will take up shares representing 49% of the CTN&P (which is Zoom TV owner) for PLN 10 mln. 7

8 FilmBox Premium

9 FilmBox Premium - rebranding Rebranding FilmBox HD and FilmBox Extra Rebranding FilmBox HD (CEE & exyugo Republics) and FilmBox Extra (Poland/Romania) was implemented on 29th of September 2015 goal: to clearly distinguish our flagship premium channel and also to make it easier for subscribers to navigate within the FilmBox channel offer. 9

10 FilmBox Premium Global Expansion Rapid growth of FilmBox Premium subscribers in Czech Republic and Hungary. Premium package was launched on: Telekom Srbija (Serbia) MTL Montenegro MTL Bosnia & Herzegovina Bulsatcom (Bulgaria) Blizoo (Bulgaria) Total TV SBB (Balkan Countries) Radijus Vektor (Serbia) Digi (Hungary) Take TV (Israel) North Vest Union (Bulgaria) Additionally in Autumn - FilmBox Extra HD was added to UPC DTH (Czech Republic, Slovakia, Hungary, Romania) 10

11 FilmBox Basic & Extended Basic

12 FilmBox Basic Global Expansion Basic package was launched on: D-Smart (Turkey) Turkcell (Turkey) Volia (Ukraine) Telekom Srbija (Serbia) Total TV SBB (Balkan Countries) MTL Montenegro MTL Bosnia & Herzegovina Bulsatcom (Bulgaria) Blizoo (Bulgaria) North Vest Union (Bulgaria) Sprint (Bulgaria) Digi (Hungary) SIA Lattelecom (Latvia) SIA Livas (Latvia) Take TV (Israel) Post (Luxembourg) 12

13 FilmBox Basic Awards & Development 2015/2016 FilmBox Arthouse was awarded the Eutelsat TV Award 2015 FilmBox Arthouse was added to Vectra & nc+ (Poland) offers in 1Q

14 Kino Polska Channels

15 Kino Polska Group Our former business decisions led us to achieving 2015 targets We have reworked our programming to attract more viewers (new slots, movies and series). Outstanding non-standard promotional campaigns are in progress (e.g. viral marketing) Krzysztof Kieślowski year on Kino Polska Further development of Kino Polska Muzyka reach the channel was added to Orange TV offer. 15

16 Market share of the channels

17 Kino Polska Group market share of the channels Poland group Kino Polska Group 2,00% 1,60% 1,53% 1,61% 1,75% 1,59% Increase in viewership 1,20% 0,80% 1 st Qtr. 2 nd Qtr. 3 rd Qtr. 4 th Qtr AMR 2014 AMR Source: NAM, , SHR

18 NUMBER OF ACTIVE SUBSCRIBERS

19 Number of active subscribers Poland POLAND CHANGE % filmbox premium package Number of active subscribers as at Number of active subscribers as at % Filmbox basic 3% KINO POLSKA 0,7% Kino Polska Muzyka 4% (in thousands) 19

20 Number of active subscribers Romania, Slovakia, Czech Republic, Hungary FILMBOX premium FILMBOX EXTRA HD CHANGE % Number of active subscribers as at Number of active subscribers as at % % FILMBOX FAMILY 67% FILMBOX BASIC 12% FILMBOX PLUS 31% (in thousands) 20

21 Stopklatka TV

22 Stopklatka TV development Stopklatka TV is a strong #2 movie channel in Poland! TOP 20 in Poland! - #17 1,00% 0,80% Market share of Stopklatka TV in group 0,96% 0,96% 0,93% 0,95% 0,90% 0,81% 0,78% 0,60% The channel is constantly developed by: 0,40% strengthening the content new content agreements (BBC etc.) strengthening the staff the most experienced marketing, programming and acquisitions people from Polish TV industry 0,20% 0,00% 0,08% 1 st Qtr. 2 nd Qtr. 3 rd Qtr. 4 th Qtr launching of Hbb TV service marketing campaigns e.g. September promoting Luther (Emmy s Award Series) & March 2016 Saving Hope 22

23 Key presumptions 2016 Investments: Zoom TV, 4K/UHD technology, broadcasting system Further development of the company by intensifying sales-related marketing activities: incentive systems for call centers (Poland) B2C Promotion Door2Door Activity Open Window Promotion new local PR agencies (Romania, Hungary, Turkey, Bulgaria, Balkan Countries) Immense revenue growth in following countries: Turkey (FilmBox Turkiye - D-Smart) Bulgaria Balkan Countries 23

24 Financial results 24

25 Financial highlights NET PROFIT FROM CONTINUED OPERATIONS EBITDA REVENUE 14,2 17,8 40,0 45,1 100,4 107, in millions PLN 25

26 Financial highlights VALUE % REVENUE* 100,4 107,1 6,7 6,7% EBITDA* 40,0 45,1 5,1 12,8% NET PROFIT* 14,2 17,8 3,6 25,4% CASH AT THE END OF THE YEAR** 21,7 7,2 (14,5) (66,8%) *from continued operations, without TV Okazje Sp. z o.o., which was sold on February 26, 2016 **Kino Polska TV S.A. took up shares of Stopklatka S.A. (PLN 6,1 M) in millions PLN 26

27 Revenue diff 6,7m, 6,7% ,4 8,3 (0,6) (1,0) 107, FilmBox and thematic Licence channels broadcast and advertising sale Other 2015 in millions PLN 27

28 Revenue 3,7 46,5 50,2 FilmBox and thematic channels 6,0 52,5 Kino Polska diff 8,3m, 16,5% diff (2,7m), (8,1%) channels 58,5 33,5 30,8 18,1 15,5 15,4 15, advertising FilmBox and thematic channels broadcasting FilmBox and thematic channels advertising Kino Polska channels broadcasting Kino Polska channels in millions PLN 28

29 EBITDA diff 5,1m, 12,8% ,0 6,7 1,7 2,0 (3,2) (2,1) 45,1 EBIT 16,7 20,7 Adjustment: 23,3 24,4 - Amortisation 13,0 13,3 - Amortisation of short term programming assets 4,0 8,4 - Impairment of assets 1, Results on disposal of Stopklatka S.A. 2,8 1, Exchange differences 1,4 1, Revenues from interests paid 0,2 0, Budget interest expense 0,1 0, EBITDA 40,0 45, Revenue STK Other Costs Salaries 2015 of emission in millions PLN 29

30 Net profit ,6 0,4 (5,1) diff 3,6m, 25,4% ,7 2,6 (3,2) ,7 (2,1) 17, , Revenue STK Value of goods and materials sold Other Other amortisation Amortisation of programming assets Costs of emission Salaries 2015 in millions PLN 30

31 Dividend for 2015 Recommendation of the Management Board of Kino Polska TV S.A. PLN 1 gross per share PLN 19,821,

32 Kino Polska TV S.A. 5 years on stock exchange 45.0 EBITDA 45,1 Why? ,6 34,8 40,0 EV/EBITDA 5,5 EV/EBITDA - trade 11,0 EV/EBITDA TVN 15, ,4 price of issue 9,50 dividend from 2011 to ,45 47% in millions PLN 32

33 THANK YOU!