viva group corporate presentation - cloudinary...2017/08/31 · viva is the fastest growing media...
TRANSCRIPT
31 August 2017
VIVA Group Corporate
Presentation
Agenda
Industry Overview
Our Performance
ANTV
tvOne
2
3
4
5
Our Company1
Our Digital6
2
VIVA Corporate Structure, lean and focused on core businesses
3
>175MTV Audience
>70%Content produced
in-house
40MDigital Audience
(PT Visi Media Asia Tbk.)
(PT Intermedia Capital Tbk.)
(PT Cakrawala Andalas Televisi)
(PT Lativi Mediakarya) (PT Viva Media Baru)
Free-To-Air (FTA) TV New media (Online)
#2 Entertainment TV Station in FY2016,
focusing on entertainment content for
families and children.
#1 News and Sport TV
Station for eight consecutive
years focusing on content for
a male audience.
Leading digital multiplatform
portal focusing on news and
lifestyle content.
INDUSTRY
OVERVIEW
Indonesia’s demography: Female, young, rapidly growing middle class
Upper 1 Upper 2 Middle 1 Middle 2 Lower
2016
2017
Social Economic Classification (SEC)
Age
Female
Male
51.1
48.9
51.4
48.6
Female Male
2016 2017
Source: 1 Jan - 31 Aug 2016 & 1 Jan – 31 Aug 2017, Total TV, 11 Cities, Reach 000’s
51.4
48.6
78,4%
5-9 10-14 15-24 25-34 35-44 45-54 55+
2016
2017
2016 Media industry advertising expenditure increased by 53% since
2011, still growing, FTA TV remain as the dominant media platform
6
(USD mn)
Industry Landscapeby Media Partners Asia April 2017
920 1,057 1,176 1,281 1,246 1,345 1,445 1,542 1,635 1,720 1,808 37
66 103
145 195 275
371 483
584 655
723
-
500
1,000
1,500
2,000
2,500
3,000
3,500
2011 2012 2013 2014 2015 2016A 2017F 2018F 2019F 2020F 2021F
FTA Digital (Online/Mobile) Others
60%66% 64%65%66% 62%63%64% 61% 60%60%
2,7292,540
2,336
2,1321,9521,986
1,804
1,6001,389
3,0192,874
VIVA FTA TV stations focused, specific, targeted and successful
Source: AGB Nielsen Media Research 11 cities, index, 01 Jan – 31 Aug 2017
7
MEDIA
ANTV TVONE RCTI GTV MNCTV SCTV IVM TRANS TRANS7 METRO
Male 110
Female 122
5-9 118
10-14 106
15-24
25-34
35-44 117
45-54 107 155
55+ 111 196
Upper 1
Upper 2 105 104
Middle 1 104
Middle 2 108 114
Lower 117
TRANS CORP
Audience Profile by Index
Gender
Age
SEC
Target AudienceVIVA MNC EMTEK
OUR
PERFORMANCE
VIVA is the fastest growing media group by far, increased TV Share by 92%
since 2011, top gainer from 2016 to 2017
9
Source: Nielsen TA All People, 1 Jan - 31 Aug 2016, 1 Jan - 31 Aug 2017
9.810.7 11
15.6 14.9
17.3
18.9
0
5
10
15
20
25
30
35
40
2011 2012 2013 2014 2015 2016 2017
MEDIA GROUP SHARE PERFORMANCE
2011 - 2017
2.7
3.6
5.3
5.7
6.9
9.7
10.9
13.4
15.2
15.6
RTV
NET
GTV
TRANS
TRANS7
MNCTV
IVM
SCTV
ANTV
RCTI
ENTERTAINMENT TV
1.41.41.7
3.7
KOMPASTVINEWSTV
METROTVONE
NEWS TV
2.4 1.0
-1.2
-3.0-04-03-02-0100010203
VIVA SCMA TRANS MNC
TV SHARE GAIN (LOSS) 2016 TO 2017
JAN-AUG 16 16,5 23.3 13.8 33.6
JAN-AUG 17 18,9 24,3 12.6 30.6
# OF TV 2 2 2 4
1,689.9
2,272.7
2,108.7
2,685.7
1,219.61,330.3
-
500
1,000
1,500
2,000
2,500
3,000
2013 2014 2015 2016 1H16 1H17
Moderate 1H17 revenue growth of 9.1% YoY was still more than double growth
of competitors
(IDR bn)
10
Revenue Contribution Prime Time (PT) vs. Non-
Prime Time (NPT)
1H16 1H17
ANTVPT 33.6% 36.4%
NPT 66.4% 63.6%
tvOnePT 34.4% 32.9%
NPT 65.6% 67.1%
Gross Advertising by Sector
1H16 1H17
F&B 42.7% 42.4%
Toiletries 15.4% 15.6%
Healthcare 12.1% 11.8%
Household 6.9% 5.9%
Telco 6.6% 10.8%
Tobacco 5.7% 2.3%
Automotive 1.3% 1.1%
Financials 1.1% 0.8%
Property 0.1% 0.2%
Others 8.1% 9.1%
9.1%
11
(IDR bn)
390.8
708.8 674.0
824.5
354.2 393.0
23.1%
31.2%32.0%
30.7%29.0% 29.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
-
200.0
400.0
600.0
800.0
1,000.0
1,200.0
2013 2014 2015 2016 1H16 1H17
PB Cost % to Revenue
VIVA group continues to control PB cost to revenues at 30-34%, PB
cost per hour is half of competitors
PB Cost per Hour VIVA vs. Peers
(IDR mn/hr)1H 2016 1H 2017
VIVA 40.5 45.2
MNCN 84.5 81.6
SCMA 96.4 98.9
Source: IDX, Audit Financial Report
% PB Cost to revenue VIVA vs. Peers
(%) 1H 2016 1H 2017
VIVA 29.0% 29.5%
MNCN 41.4% 39.1%
SCMA 36.0% 35.6%
Source: IDX, Audit Financial Report
Tight cost management softened moderate 1H17 revenue growth, leading to 1%
YoY increase in EBITDA
12
(IDR bn) 1H 2016 1H 2017 Y-o-Y (%)
Revenue 1,219.6 1,330.3 9.1%
PB Cost 354.2 393.0 11.0%
Op Expense 466.5 534.7 14.6%
Depreciation 50.3 48.5 (3.5%)
EBITDA 398.8 402.6 1.0%
EBITDA Margin (%) 32.7% 30.3%
Net Income (Loss) 122.5 243.8 99.1%
Net Margin (%) 10.0% 18.3%
Historical performance provides optimism for future ability to outgrow industry
growth and deliver EBITDA expansion
13
(IDR bn) 2012A 2013A 2014A 2015A 2016A
Revenue 1,253 1,690 2,273 2,109 2,686
Revenue Growth (%) 25.4% 34.9% 34.5% -7.2% 27.4%
PB Cost (429) (391) (709) (674) (825)
Op Expense (498) (645) (698) (806) (1,003)
Depreciation (67) (68) (94) (106) (102)
EBITDA 326 655 866 628 858
EBITDA Margin (%) 26.0% 38.7% 38.1% 29.8% 32.0%
Net Income (Loss) 73 106 173 (482)* 477
Net Margin (%) 5.8% 6.3% 7.6% -22.9% 17.8%
* Net Loss in 2015 was mainly attributed to unrealized forex losses
ANTV
60
70
80
90
100
110
120
130
Jan
201
3
Jan
201
4
Jan
201
5
Jan
201
6
Jan
201
7Fe
b 2
017
Mar
20
17A
pr
201
7M
ay 2
017
Jun
20
17Ju
l 20
17A
ug
201
7
Female Male
ANTV dominant with the female audience
Female ADEX is about 60% of total ADEX in 2015 and is growing in each year
15
Source: AGB Nielsen Media Research, 11 Cities, Index by Month, 1 Jan 2013 – 31 Aug 2017
*) without World Cup 2014, **) 1 Jan 2017 – 31 Aug 2017
INDEX
Year Female Male
2010 95 105
2011 96 104
2012 99 101
2013 102 98
2014* 104 96
2015 111 89
2016 125 75
2017** 122 78
ANTV’s average TV Share in 2017 of 15.2% ranks #2 amongst FTA TV stations,
still continues to be above our target of Top 3
16
Source: AGB Nielsen Media Research, all people, 1 Jan 2001 – 31 Aug 2017
YTD ANTV’s share performance
Sh
are
(%
)
4.54.0
4.6 4.75.4
6.1
5.05.5 5.6
7.2
6.1
6.9 6.7
11.211.4
14.0
15.2
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
RCTI 1.9 15.6
ANTV 1.9 15.2
SCTV 1.7 13.4
IVM 1.3 10.9
MNCTV 1.2 9.7
TRANS7 0.8 6.9
TRANS 0.7 5.7
GTV 0.7 5.3
TVONE 0.5 3.7
NET 0.4 3.6
RTV 0.3 2.7
METRO 0.2 1.7
INEWSTV 0.2 1.4
KOMPASTV 0.2 1.4
At ANTV we treat every daypart as a Prime Time
17
04.00 – 07.29
(KIDS 5-14)
07.30 – 16.29
(ALL PEOPLE)
16.30 – 18.59
(FEMALE)
19.00 – 23.59
(ALL PEOPLE)
24.00 – 25.59
(ALL PEOPLE)
#1
#1
#2
TVS %
INDIAN SERIES SlotJamai Raja, Swaragini, Nakusha, Anandhi,
Madhubala
Evening SlotPesbukers
Prime Time SlotKecil-Kecil Mikir Jadi Manten, Cantik Cantik
Kucing Dapur, Jodoh Wasiat Bapak
Night Time SlotJodoh Wasiat Bapak(Rerun), Nadin , Sinema
Malam
#1
Source: AGB Nielsen Media Research, 11 Cities, 12 Jul – 31 Aug 2017. All People
#2MORNING SlotKecil Kecil Mikir Jadi Manten(Rerun), Cantik Cantik
Kucing Dapur (Rerun)
“The Winning” combination of local and outstanding foreign content
18
DRAMA SERIESPROGRAMS
ENTERTAINMENTPROGRAMS
MORNING CINEMA
NEWS & SPORTPROGRAMS
0.10.20.30.30.3
0.60.6
1.11.2
1.61.71.71.8
2.1
INEWSTV
RTV
METRO
NET
KOMPASTV
GTV
TVONE
TRANS
TRANS7
RCTI
IVM
MNCTV
SCTV
ANTV
0.20.20.20.30.40.50.5
0.70.91.0
1.41.71.7
2.2
RTV
METRO
NET
KOMPASTV
INEWSTV
TRANS
GTV
TVONE
MNCTV
SCTV
IVM
RCTI
TRANS7
ANTV
0.20.20.3
0.70.70.70.8
1.01.01.01.1
1.41.7
2.4
METRO
RTV
NET
KOMPASTV
TVONE
GTV
INEWSTV
TRANS
MNCTV
SCTV
IVM
TRANS7
RCTI
ANTV
0.10.20.20.30.30.40.50.6
0.90.9
1.11.4
1.92.9
INEWSTV
RTV
KOMPASTV
METRO
NET
TVONE
GTV
TRANS
TRANS7
MNCTV
SCTV
IVM
RCTI
ANTV
0.10.10.2
0.40.50.6
0.91.11.21.21.2
1.51.7
2.1
KOMPASTV
INEWSTV
RTV
GTV
METRO
TVONE
TRANS7
IVM
MNCTV
NET
TRANS
SCTV
RCTI
ANTV
0.10.10.20.30.3
0.50.7
0.91.11.21.3
1.52.6
3.3
RTV
INEWSTV
METRO
TRANS
KOMPASTV
NET
TVONE
GTV
MNCTV
TRANS7
SCTV
IVM
RCTI
ANTV
0.20.30.4
0.60.70.70.7
1.31.41.5
2.52.7
3.03.1
RTV
METRO
KOMPASTV
INEWSTV
NET
TRANS7
TVONE
GTV
MNCTV
TRANS
SCTV
RCTI
ANTV
IVM
Meet & Greet Veera
(All People)
Ketemu Uttaran
(All People)
Meet & Greet Lonceng Cinta
(All People)
Meet & Greet Thapki
(All People)
Meet & Greet Baalveer
(All People)
Meet & Greet Gopi
(Female)
Rahasia Hati Cansu & Hazal
(F 25+ Upper)
Bringing the stars closer to the audience develops brand loyalty
19
Mahabharata:Shaheer Sheikh
Jodha Akbar:Ravi Bhatia
Uttaran:Vaishali Thakkar
Jodha Akbar:Ravi Bhatia
Cinta Di Langit Taj Mahal 1 & 2 Roro Jonggrang Malaikat Kecil Dari India
Veera:Bhavesh Balchandani
Harshita Ojha
2017
Building ties with audience by extending stars into local shows
20
ANTV’s signature shows are linked to drama series
21
INDIAN SERIES
Swaragini Kasam Swabhiman Ishqbaaz
Shani Ek Tha Raja Ek Thi Rani Ek Hasina Thi
ANIMATION
New Programs for ANTV 2017
22
ANTV #10 Most Creatives Company 2017
PT CAKRAWALA ANDALAS TELEVISI
(ANTV)
Repositioning the television station to focus
on Female Segment
#1 Most Creative Company (MEDIA)
#10 Most Creative Company
23
TVONE
tvOne #1 News and Sport FTA TV
25
4.1
2.2 1.8 1.7
TVONE METRO INEWS KOMPAS
NEWS TV AUDIENCE SHAREJan—Aug 2017 ; TA 15+UM1, 11 Cities
Source: Nielsen - 11 Cities; Share; 15+ UpperMiddle1; 1 Jan–31 Aug 2017
tvOne #1 for Breaking News “Always”
26
Sumber: Nielsen - 11 Cities; Share; 15+ UpperMiddle1
8.4
4.2 3.6 3.5
Choose Jakarta Leader
Breaking News 16 Apr ‘17
07:00-20:30
8.5
5.14.1
2.4
Ahok Trial Special News
3 Jan ‘17 08:30-09:30
8.8
5.34.4
2.9
Ahok Verdict Breaking News
9 May ‘17 07:00-14:00
10.3
4.53.1 2.9
Bomb in Kampung Melayu
Breaking News 24 May ‘17
22:00-02:30
7.5
4.3 3.8 3.3
Rakyat Memilih Special News
15 Feb ‘17 06:30-23:00
27
tvOne the #1 source for global coverage by International media
tvOne #1 Talk Show Programs to supplement leading news coverage
28
1.3
0.9 0.8 0.7 0.7 0.6 0.6 0.5 0.5 0.5
LA
WY
ER
SC
LU
B -
TV
ON
E
LA
WY
ER
SC
LU
B(R
) -
TV
ON
E
KA
PO
LR
I &
KA
RN
I IL
YA
SB
LA
K-B
LA
-T
VO
NE
AP
A K
AB
AR
IND
ON
ES
IAM
ALA
M -
TV
ON
E
MA
TA
NA
JW
A(F
05)
-M
ET
RO
WA
WA
NC
AR
A K
HU
SU
SK
AR
NI IL
YA
S-
TV
ON
E
SU
AR
AR
AK
YA
T(F
05)
- T
VO
NE
WA
WA
NC
AR
A K
HU
SU
SP
RE
SID
EN
JO
KO
-M
ET
RO
SU
AR
AR
AK
YA
T(F
05)
(R)
- T
VO
NE
DU
A S
ISI -
TV
ON
E
Source: Nielsen; 11 Cities; 15+ Upper Middle 1; 1 Jan—31 Aug 2017
*Excluding Election Program
JESSICA ON MIRNA HOMICIDE
8 Nov ‘16 TVR 4.4 TVS 19.2
11 Oct ‘16 TVR 2.5 TVS 11.4
AFTER AHOK APPLOGIES…
AFTER “411 RALLIES”
4 Oct ‘16 TVR 2.8 TVS 14.3
KANJENG DIMAS
2 Feb ‘16 TVR 2.3 TVS 11.2
tvOne #1 Fight Sport Programs
2.70
2.92
2.72
Season1
Season2
Season3
Season 1: 9 Apr-28 May ’16,
Season 2: 10 Sep-17 Oct ’16,
Season 3: Feb-Apr ‘17
TOP WORLD BOXING LIVE
(AUDIENCE SHARE)
ONE PRIDE MMA
(MILLION REACH*)
One Pride Audition
29
* Total Individuals
17.7
15.6
11.8 11.2 10.8
15.5
Pacquiao vsVargas
06/11/2016
Ward vsBarrera
27/03/2016
Wilder vsSzpilka
17/01/2016
Garcia vsGuerrero
24/01/2016
Mosley vsAvanesyan29/05/2016
Mayweathervs
McGregor27/08/2017
Strengthening content offering with game changing domestic soccer
league that is generating TVS of 7.8
LIGA 1
203LIGA 2
58 261ALL MATCH
TVR TVS
Liga 1 & Liga 2 1.4 7.8
OUR DIGITAL
Viva.co.id Portal generated 116 Mio Monthly (avg) Pageviews and
15 Mio Monthly (avg) Unique Visitors
39 MIOVisits
02:48
average time/
visit
2.87
Page views/
visit
15 MIOUnique Visitors
116 MIOPage Views
11 MIODesktop Site
Visit
23 MIOMobile Site
Visit
5 MIOMobile App
Visit
Source: Google Analytics, 1 January – 31 Aug 201732
Over 26 million social media followers
33
83.7K
likes
538.9K
followers
135.9 K
subscribers
4.0 M
followers
924 K
followers
3.4 K
followers
11.2K
followers
835.0 K
likes
149.5 K
followers
117.0 K
subscribers
9.0 M
followers
1.5 M
followers
5.7 M
likes
5.9 M
followers
118.3 K
followers
26.4 K
subscribers
1.3 K
subscribers
*All Social Media Data as of 31 Augt 2017
Launching new channels and microsites constantly evolving
34
WebPlatform
Mobile WebPlatform
MobileApplication
APPENDIX
Summary P&L (Rp bn) 2011 2012 2013 2014 2015 2016
Revenue 999 1,253 1,690 2,273 2,109 2,686
Growth (%) 11.9% 25.4% 34.9% 34.5% -7.2% 27.4%
Programming and Broadcasting Cost (282) (429) (391) (709) (674) (825)
Growth (%) -18% 52% -9% 81% -5% 22%
G&A Expense (482) (498) (645) (698) (806) (1,003)
EBIT 152 259 587 772 523 757
EBIT Growth (%) 70.0% 126.7% 31.5% -32.3% 44.8%
Depreciation (82) (67) (68) (94) (106) (102)
EBITDA 235 326 655 866 628 858
EBITDA Growth (%) 66.0% 38.7% 100.9% 32.3% -27.5% 36.6%
EBITDA Margin (%) 23.5% 26.0% 38.7% 38.1% 29.8% 32.0%
Non-Operating Income (Expenses) (111) (75) (344) (397) (869) (113)
Net Income Before Taxes 42 184 243 375 (346) 644
Net Income (loss) After Taxes 26 73 106 173 (482) 477
Net Income (Loss) Growth (%) 619.5% 177.2% 45.1% 64.0% N/A N/A
Net Income (Loss) Margin (%) 2.6% 5.8% 6.3% 7.6% N/A 17.8%
Media penetration, TV & internet simultaneous consumption
93%, our strategy is to operate in both platforms
Simultaneous Media Consumption 20142012
45%
20%
9%
Source: AGB Nielsen Media Research
93%
2016
130 %(est)
Indonesia is the sleeping giant for digital media!
Source: Effective Measure, Daily Social id, Indonesia TMT Updates, Statista
*) Monthly unique user
Smartphone PenetrationMobile Penetration Internet User
87.5M Users(2017 est)
18.9M Users(2017 est)
28M Users(2016)
60M Users*(2017 est)
28 %
Mobile Phones Laptop & Desktops
*) Based on each device’s share of total web pages served to web browsers.
Tablets
39
2 %70 %Share of Web Page Views*
2015
129 %
2016
54 %(est)
2015
28.2 %
2016
105 M
2015
88.1 M