Investor presentation May 2019 Cautionary statement This - - PowerPoint PPT Presentation

▶
investor presentation
SMART_READER_LITE
LIVE PREVIEW

Investor presentation May 2019 Cautionary statement This - - PowerPoint PPT Presentation

Oct 13, 2023 209 likes •537 views

Investor presentation May 2019 Cautionary statement This presentation may contain statements that contain forward looking statements including, but without limitation, statements relating to the implementation of strategic initiatives, and

slide-1
SLIDE 1

Investor presentation

May 2019

slide-2
SLIDE 2

Proprietary & Confidential

2

This presentation may contain statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to OnMobile Global Limited’s (OnMobile Global or the Company) future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. OnMobile Global undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances.

Cautionary statement

slide-3
SLIDE 3

Proprietary & Confidential

Agenda

3

  • History and milestones
  • Product portfolio
  • Strategy FY19
  • Financials Q4 FY19 and FY19
slide-4
SLIDE 4

The Global Leader in Mobile Entertainment

slide-5
SLIDE 5

Proprietary & Confidential

Global presence

5

74+

COUNTRIES

113+

OPERATORS

1.5 Bn

MARKET REACH

slide-6
SLIDE 6

Proprietary & Confidential

2000

Incorporated as Onscan Technologies India

2006

Rs 1,300 Mn investment by Deutsche Bank AG, Jade Dragon (Mauritius), and Kings Road Investments (Mauritius) Acquisition of IT Finity, India for Rs 419 Mn

2007

Name changed to OnMobile Global Limited Acquisition of Vox Mobili, France Amount: Rs 1,431 Mn 12: 1 Bonus Issue of shares

2008

Public Issue: 10,900,545 shares, Rs 4,796 Mn @ Rs 440 per share Acquisition of Telisma, France Amount: Rs 801 Mn

2017

Promoter takes active role. François-Charles Sirois takes over as CEO

2016

Buyback of 5,600,000 equity shares. Amount Spent: Rs 538 Mn.

  • Avg. Price: Rs

96

2014

Voluntary open offer by Promoter, No of Shares:11,900,000. Amount Spent: Rs 476 Mn, Price: Rs 40/- Buyback of 5,800,000 equity shares, Amount Spent: Rs 442 Mn

  • Avg. Price: Rs 76

2013

Acquisition of Live Wire, USA for Rs 1,007 Mn

2010

Registration under Special Economic Zone, Bangalore Acquisition of assets of Dilithium Technologies, USA for Rs 146 Mn

2009

Purchase of Intellectual Property

  • f Music On, India for

Rs 43 Mn

2011

1:1 Bonus Issue of shares Buyback of 4,000,000 equity shares. Amount Spent: Rs 238 Mn, Avg. Price: Rs 59

History and milestones

2018

Acquisition of Appland AB – a leader in games and kids apps

slide-7
SLIDE 7

Proprietary & Confidential

Investor Highlights

7

  • Global Reach
  • Dominating market share in Tones business
  • Investment in growth products
  • Emerging turnaround story
  • Solid cash position
  • Healthy cash flow from operations
  • Debt free
  • High dividend yield
slide-8
SLIDE 8

Product portfolio

slide-9
SLIDE 9

Proprietary & Confidential

Suite of products

9

slide-10
SLIDE 10

Proprietary & Confidential

Tones Videos Games Contest Others Videos 40% Contests 5% Others 5%* Tones 38% Games 11%** Tones 49% Videos 28% Contests 5% Others* 18% Tones Videos Contests Others* 10

Revenue by products

FY’15 FY’19

*Others (Infotainment, Data products, Speech products etc.)

slide-11
SLIDE 11

Proprietary & Confidential

Strategy FY19

11

  • Grow Videos
  • Launch & Expand Games
  • Stabilize Tones
  • Digitize Contests
  • Beyond Operator Wallet
slide-12
SLIDE 12

Proprietary & Confidential

ONMO videos

Entertain yourself

With amazing curated content on your fingertips, your entertainment quotient will be more than now

slide-13
SLIDE 13

Proprietary & Confidential

Grow Videos

13

Europe

  • Introduced

two new verticals ‘Beauty and Health’ and ‘Freetime’ under the Emocion banner for a major operator in Spain

  • New project for Kids in Vodafone Spain – Launched in

April’19

  • Launched

sport editorial portal in Italy, product launch planned in Q2 FY20 Latin America

  • Won a deal for Kids in Mexico, product launch planned for in

Q2 FY20

  • Won a deal for managing operator digital entertainment

store in Mexico, launch planned for in Q2 FY20

slide-14
SLIDE 14

Proprietary & Confidential

ONMO games

Challenge yourself

With great games to challenge your cognitive abilities, your zeal will be more than now

slide-15
SLIDE 15

Proprietary & Confidential

Launch & expand Games

15

Europe

  • Games for leading operator in Spain crossed 22,000 subscribers
  • Introduced HTML5 games
  • Won a deal for Games in Greece, product launch planned for in Q2 FY20
  • Won a deal for Games in Italy, product launch planned for in Q2 FY20

India

  • Games product launched with a leading India operator

Latin America

  • Launch of Games in Brazil and Mexico planned for in June 19

Middle East and Africa

  • Games product launched with a leading operator in Kenya
  • Projects under deployment in Ghana and Oman, expected to go live in Jun 19

Appland

  • Launched 7 new subscription clubs this quarter
  • Live with 2 new operators this quarter in Myanmar & Iraq
slide-16
SLIDE 16

Proprietary & Confidential

ONMO tones

Express yourself

With our ONMO tones, you will be able to express yourself and build meaningful relationships, more than now

slide-17
SLIDE 17

Proprietary & Confidential

Stabilize Tones

17

Asia

  • RBT app crossed 8 million installs in India generating higher

ARPUs Europe

  • Launched re-branded RBT service Tonos De Espara with new

app for a leading telco in Spain

  • Launched a new RBT app version for another telco in Spain

MEA

  • Launched RBT service & RBT digital storefronts with a leading
  • perator in Bahrain
  • RBT master services agreement signed with a large telco

player in Middle East - opportunity to expand RBT services across various countries in the region

slide-18
SLIDE 18

Proprietary & Confidential

ONMO contests

Reward yourself

With grand prizes to win from our impressive trivia based quizzes, your enthusiasm will be more than now

slide-19
SLIDE 19

Proprietary & Confidential

Digitize Contests

19

Asia

  • Launched voting option for major app in India
  • Signed contract to run contest services app for a large

OEM in India MEA

  • Contest product launched in Middle East experiencing good

traction

  • 6 Audis prizes to winners of “World of Prizes” concluded

contests in Qatar

slide-20
SLIDE 20

Financials

slide-21
SLIDE 21

Proprietary & Confidential

Q4 FY2019 Key Highlights

21

  • Growth in EBITDA Q-o-Q: 23%
  • Growth in Operating Profit Q-o-Q: 191%
  • Cash from Operations: INR 91 Mn
  • Reduction in Manpower (Q-o-Q): from 812 to 797
  • Highest ever EPS of INR 1.79 over last 5 years
  • Dividend of 15% recommended by Board in line with dividend policy
slide-22
SLIDE 22

Proprietary & Confidential

22

Total revenue by geography (Q-o-Q)

Q4 FY 19 Q3 FY 19

Europe 59% ME&A 17% India 15% Europe 59% M5&A 17% India 16%

slide-23
SLIDE 23

Proprietary & Confidential

23

Revenue by products (Q-o-Q)

Q4 FY 19 Q3 FY 19

INR Mn

Videos 40% 608 Contest 4% 67 Infotainement 6% 89 Tones 37% 566 Games 13% 195 Videos 41% 586 Contest 5% 71 Infotainement 5% 69 Tones 37% 527 Games 13% 179

slide-24
SLIDE 24

Proprietary & Confidential

P&L Q4 FY2019

24 P&L(INR Mn) Q4 FY19 Q3 FY19 % Growth Net Revenue 1,433 1,525

  • 6%

Content 589 638

  • 8%

Other COGS 74 66 11% Gross Profit 771 822

  • 6%

Margin (%) 53.8% 53.9% Manpower Cost 399 437

  • 9%

Severance cost 11 8 43% Marketing Cost 84 111

  • 24%

Other Opex 192 197

  • 3%

EBITDA 84 69 23% Margin (%) 6% 5% Depreciation 58 60

  • 3%

Operating Profit 27 9 191% Margin (%) 2% 1% Other Income 36 33 7% Exchange gain (Loss) (17) (48) nm Profit before Tax 45 (6) nm Tax 23 22 4% Profit After Tax 22 (28) nm Margin (%) 2% (2%)

slide-25
SLIDE 25

Proprietary & Confidential

P&L FY2019

25

*Includes Appland for six months

P&L(INR Mn) FY19* FY18 % Growth Net Revenue 5,939 6,356

  • 7%

Content 2,442 2,443 0% Other COGS 277 365

  • 24%

Gross Profit 3,220 3,548

  • 9%

Margin (%) 54.2% 55.8% Manpower Cost 1,709 1,858

  • 8%

Severance cost 62 32 93% Marketing Cost 338 223 51% Other Opex 754 750 1% EBITDA 358 685

  • 48%

Margin (%) 6% 11% Depreciation 272 479

  • 43%

Operating Profit 86 206

  • 58%

Margin (%) 1% 3% Other Income 96 86 12% Exchange gain (Loss) 131 (14) nm Profit before Tax 313 277 13% Tax 124 164

  • 24%

Profit After Tax 189 114 66% Margin (%) 3% 2%

slide-26
SLIDE 26

Proprietary & Confidential

Cash position

26

INR Mn Jun 30, 2017 Sept 30, 2017 Dec 31, 2017 Mar 30, 2018 June 30, 2018 Sept 30, 2018 Dec 31, 2018 Mar 31, 2019 Gross Cash 2,866 2,782 2,843 3,052 3,169 3,486 2,672 2,723 Less: Total Debt

  • Net Cash

2,866 2,782 2,843 3,052 3,169 3,486 2,672 2,723

slide-27
SLIDE 27

Proprietary & Confidential

Cash flow

27

INR Mn

Particulars Q1 FY'19 Q2 FY'19 Q3 FY'19 Q4 FY'19 EBIDTA 107 97 69 84

  • Operating non cash items

35 31 23 (6) Operating profit before working capital changes 142 128 92 78 Working Capital Changes: (Increase)/ Decrease in Trade Receivables (61) (40) 34 64 Increase/ ( Decrease) in Trade Payables 10 230 (152) 135 (Increase)/ Decrease in Other assets 8 11 (55) (169) Increase/ (Decrease) in Other Liabilities 24 (51) 12 (17) Cash generated from operations 123 278 (68) 91 Taxes (Paid)/Refund (78) (45) (96) (55) (Purchase)/ Sale of fixed assets (19) (12) (15) (15) Acquisition of Appland

  • (415)
  • Dividend/Interest income/ Capital Appreciation

22 30 38 34 Cash generated during the period 48 250 (556) 55 Sale of Mumbai Property 62

  • Other Financing activities
  • Finance cost

(0.43) (0) (0.33)

  • Dividend Paid
  • (191)
  • Others

0.20 4

  • Fx Impact on Cash balances

8 63 (67) (5) Net increase/(decrease) in cash/cash equivalents 118 317 (814) 50 Opening Cash balance 3,052 3,169 3,486 2,672 Closing Cash balance 3,169 3,486 2,672 2,723

slide-28
SLIDE 28

Proprietary & Confidential

Balance sheet

28 INR Mn As at Mar 31, 2019 As at Dec 31, 2018 Shareholders’ Funds 5,658 5,670 Non-Current Liabilities 39 52 Trade Payables 2,117 2,034 Current Liabilities 912 901 Total Liabilities 8,726 8,658 Fixed Assets 1,200 1,290 Financial Assets 65 64 Deferred Tax Assets (Net) 522 485 Non-Current Assets 1,432 1,369 Cash and Cash Equivalents 2,723 2,672 Trade Receivables 1,651 1,739 Other Current Assets 1,132 1,038 Total Assets 8,726 8,658

slide-29
SLIDE 29

Proprietary & Confidential

Dividend & buyback

29 (INR Mn) March 15 March 16 March 17 March 18 March 19 Dividend Payout ( Incl. Tax) 197 195 188 190 191 Dividend % 15% 15% 15% 15% 15% Buyback (shares in Mn) 5.8

  • 5.6
  • Buyback amount utilized

442

  • 538
  • Dividend Policy : 75% Dividend payout or 15% Dividend, whichever is higher
slide-30
SLIDE 30

Proprietary & Confidential

Equity Snapshot

30

Particulars Details

Script code (on NSE) ONMOBILE Share Price (INR)* 42 Shares outstanding (in Mn)** 105 Market Capitalization (INR Mn)** 4,410 Net Debt*** Cash and Cash equivalents (INR Mn)** 2,723 Notes: *Closing share price as on 29th March, 2019. ** Shares outstanding, Market Cap, Cash and cash equivalents as on 31st March, 2019 *** Net Debt as on 31st March, 2019

slide-31
SLIDE 31

investors@onmobile.com

For any queries mail us at: