Opportunity Day May 29, 2020 Disclaimer The information - - PowerPoint PPT Presentation
Opportunity Day May 29, 2020 Disclaimer The information - - PowerPoint PPT Presentation
Opportunity Day May 29, 2020 Disclaimer The information (Confidential Information) contained in this presentation is strictly confidential and is provided by JKN Global Media Public Company Limited (the Company) to you solely for
The information (“Confidential Information”) contained in this presentation is strictly confidential and is provided by JKN Global Media Public Company Limited (the “Company”) to you solely for your reference. This presentation is confidential and its content may not be copied, reproduced, redistributed, quoted, referred to or otherwise disclosed, in whole or in part, directly or indirectly, to any third party without the prior written consent of the Company. Although care has been taken to ensure that the Confidential Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the Confidential Information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the
- Company. None of the Company respective directors makes any representation or warranty (express or implied) regarding, and assumes any responsibility or liability for, the
accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. None of the Company or any of their respective members, directors,
- fficers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or
its contents or otherwise arising in connection therewith. This presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for any securities in Thailand or any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. This presentation contains projections and forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and assumptions.
Disclaimer
Company overview Financial Highlights Business outlook Q & A
COMPANY OVERVIEW
Company Established with paid-up capital 1 Mil Baht JKN Dramax channel starts operations. Digital TV launched for Thai public. License signed with CNBC (Asia) under American Broadcaster NBC (Universal) Listed in The Market for Alternative Investment (mai) Becomes worldwide distributor of BEC World content JKN CNBC launches operations.
Plan to list in the SET (Stock Exchange
- f Thailand)
A news TV station broadcast through Digital TV, cable/satellite,
- nline, OTT branded
under “JKN-CNBC” and “JKN-News” A television network broadcast through cable/satellite and IPTV systems, branded as “JKN Dramax” We are in the research and develop phase of launching a comprehensive financial and investment training institution. We operate as an integrated marketing communications distributor.
Corporate Vision
To be Number 1 global content management and distribution company in Thailand and CLMV countries.
FINANCIAL HIGHLIGHTS
424 424 461 Total Revenue 1Q 2019 4Q 2019 1Q 2020
Financial Highlight
457 846 1,156 1,423 1,711 461 Total Revenue 2015 2016 2017 2018 2019 1Q 2020
Media Product Other Revenue - YTD (THBm)
Revenue
- Total revenue of the company and its
subsidiaries increased from all segments especially, the increasing of revenue from program rights and other income.
Revenue by segment
Growth 9%
97% 0% 2% 0%
1Q 2019
90% 1% 0% 9%
1Q 2020
Program right Revenue - Q (THBm)
724 846 164 1,071 1,156 188 1,318 1,422 228
1,642 1,711 253
- 200
400 600 800 1,000 1,200 1,400 1,600 1,800
Content Total revenue Net profit
2016 2017 2018 2019
Unit : Million Baht 2017 2018 2019 2017 Growth 2018 Growth 2019 Growth
Content
1,071 1,318 1,642 48% 23% 25%
Total revenue
1,156 1,422 1,711 37% 23% 20%
Net profit
188 228 253 15% 21% 11%
412 424 80 377 424 51 417 461 95
- 50
100 150 200 250 300 350 400 450 500
Content Total revenue Net profit
1Q2019 4Q2019 1Q2020
Unit : Million Baht 1Q2019 4Q2019 1Q2020 YoY Growth QoQ Growth
Content
412 377 417 1% 11%
Total revenue
424 424 461 9% 9%
Net profit
80 51 95 19% 86%
Financial Highlight
Adaptability
1950 - 2010 2011 - 2017 2018 - 2020
Analog TV Cabsat TV Analog TV Cabsat TV DTT Online Streaming Cabsat TV DTT Online Streaming DVD Blu-ray USB DVD Blu-ray USB Cassette Tap CD
269 163 163 48 350 383 290 10 33 180 609
- 179
- 6
297 153 106 433 241 5 2 121 24 201
- 21
- 133
11 18
- 100
200 300 400 500 600 700
2017 2018 2019 1Q 2020
Cabsat DTT VOD Home Ancillary Cabsat, Home Cabsat, VOD DTT, Cabsat DTT, Cabsat, VOD DTT, VOD VOD, Home
Revenue by platforms (THBm)
Content platform
Revenue by platforms
- 269
458 312 33
- 385
169 574 11 180
- 178
371 375 18 698 2 136 70 211
- 100
200 300 400 500 600 700 800 DTT, CABSAT (TV Right) CABSAT DTT HOME VOD CINEMA 2017 2018 2019 3m 2020
Unit: Million Baht 3m 2019 % 3m 2020 % Change % DTT, CABSAT (TV Right) 84 20% 136 33% 52 62% CABSAT 51 12% 70 17% 19 37% DTT 182 44% 211 51% 29 16% HOME 18 4%
- (18)
(100%) VOD 77 19%
- (77)
(100%) Total 412 417 5 1%
84 51 182 18 77
- 7
148 48
- 174
- 136
70 211
- 50
100 150 200 250 DTT, CABSAT (TV Right) CABSAT DTT HOME VOD CINEMA 1Q 2019 4Q 2019 1Q 2020
Content by Geographic
82% 96% 2% 1% 15% 0% 1% 3% 1Q 2020 1Q 2019 0% 20% 40% 60% 80% 100%
Asian Fantasy Hollywood Hits I-Magic The Project Other
Revenue - Location Revenue - Categories Backlog as at 31 Mar 2020
281 MB 136 MB
1Q 2020
Thailand Export
Domestic sales - content 213 MB
294 MB 118 MB
1Q 2019
Thailand Export 94% 61% 6% 35% 0% 4% 1Q 2020 1Q 2019 0% 20% 40% 60% 80% 100%
India Philippines Other
Revenue - Sub Categories
Export sales - content 69 MB
Financial Highlight
Expenses
- There is no significant change of total expense.
- Selling expense decreased because there was an epidemic
situation and the event to promote the contents had to be stopped and postponed.
- Administrative expense decreased was resulting from the decrease
in loss on exchange rate due to the fact that the Thai Baht value depreciated against US Dollar. By the way, there is rise of allowance for doubtful accounts, the Company setup doubtful debts during this period by the simplified approach to consider loss that was resulting from a decrease in time value of money .
255 558 830 1,068 1,298 301 2015 2016 2017 2018 2019 3m 2020 55% 14% 59% 13% 57% 17% Cost of program right SG&A 2017 2018 2019
Total expense (THBm)
Expenses per total revenue Expense by segment Program right Media Product SG&A
77% 1% 1% 21%
1Q 2019
80% 3% 0% 17%
1Q 2020
303 339 301 1Q 2019 4Q 2019 1Q 2020 55% 15% 58% 20% 52% 11% Cost of program right SG&A 1Q 2019 4Q 2019 1Q 2020
Selling & Administrative expenses
2 3 1 2 2 Events Marketing AD & PR Other 3m 2019 3m 2020 30 4 14 10 28 2 4 11 Employee cost Profession fee Loss on exchange rate Doubtful debts Other 3m 2019 3m 2020
Selling and service expenses Q1’19 Q1’20 Change %change Events marketing 2.01 0.01 (2.00) (99.50%) Advertising & PR 3.01 2.18 (0.83) (27.57%) Other 1.20 1.94 0.74 61.67% Total selling expenses 6.22 4.13 (2.09) (33.60%) Admin expense Q1’19 Q1’20 Change %change Employee cost 29.90 28.27 (1.63) (5.45%) Professional fee 3.81 1.95 (1.86) (48.82%) Loss on exchange rate 13.90
- (13.90)(100.00%)
Provision for doubtful accounts
- 4.03
4.03 100.00% Other 9.52 11.27 1.75 18.38% Total administrative expenses 57.13 45.52 (11.61) (20.32%)
Selling expense (THBm) Admin expense (THBm)
Financial Highlight
Net profit
- Net profits increased from the same period of previous year.
As a result of Thai Baht value depreciated against US Dollar since the beginning of this year, the Company had gain on exchange rate while there was loss on exchange rate in last year. Gross profit
- Gross profit decreased due to the most GP came from the
sales of product that there was no sale of this segment during this period. ROA & ROE
- No significant change of ROA and ROE from last year.
259 395 488 525 696 183 170 56.7% 46.9% 42.3% 37.4% 41.1% 43.3% 40.4% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 200 400 600 800 2015 2016 2017 2018 2019 3m 20193m 2020 Gross profit Gross profit Margin 133 164 188 228 253 80 95 29.2% 19.4% 16.2% 16.0% 14.8% 19.0% 20.7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 50 100 150 200 250 300 2015 2016 2017 2018 2019 3m 20193m 2020 Net Profit Net profit Margin 15.0% 12.0% 7.8% 7.1% 7.0% 6.8% 6.2% 46.4% 35.2% 15.8% 11.7% 11.8% 11.6% 11.6% 2015 2016 2017 2018 2019 3m 2019 3m 2020 ROA ROE
Gross profit (THBm) ROA & ROE Net profit (THBm)
Financial Highlight
1,044 1,696 3,139 3,251 4,006 5,089 660 1,147 1,312 1,197 1,791 2,602 384 549 1,826 2,054 2,215 2,487 1.7 2.1 0.7 0.58 0.81 1.05 0.5 1 1.5 2 2.5 2,000 4,000 6,000 8,000 10,000 12,000 2015 2016 2017 2018 2019 1Q 2020 Asset Liabilities Shareholder's equity Debt to equity ratio (time) 0.78 0.56 1.34 4.58 1.47 2.28 2015 2016 2017 2018 2019 1Q 2020 1.1 0.99 0.97 1.11 1.25 1.3 2015 2016 2017 2018 2019 1Q 2020
Current ratio (time) Intangible asset turnover (time) Balance sheet composition (THBm) & D/E ratio (time)
Intangible assets – Program rights
Target 2020 Program rights 800 Total CAPEX 800
340 120 447 965 389 1,023 777 616 1,184 776 779 1,181 1,189 930 1,447 180 235 1,392
Acquisitions Amortize program rights NBV 2015 2016 2017 2018 2019 1Q 2020
CAPEX (THBm)
Accounts receivable ลูกหนี้การค้า - กิจการที่ไม่เกี่ยวข้องกัน 31-Mar-20 % 31-Dec-19 % Change % Change ยังไม่ถึงกําหนดชําระ 711,269 41% 759,529 43% (48,260) (6%) ค้างชําระ น้อยกว่า 3 เดือน 371,759 21% 219,679 12% 152,080 69% 3 - 6 เดือน 218,796 12% 312,846 18% (94,050) (30%) 6 - 12 เดือน 470,657 27% 508,801 29% (38,144) (7%) มากกว่า 12 เดือน 7,800 0% 1,952 0% 5,848 300% รวม 1,780,281 102% 1,802,807 101% (22,526) (1%) หัก ค่าเผื่อหนี้สูญ (27,709) (2%) (23,675) (1%) (4,034) 17% รวมลูกหนี้การค้าสุทธิ 1,752,572 100% 1,779,132 100% (26,560) (1%)
Day in AR turnover
389 Days 316 Days
BUSINESS OUTLOOK
JKN Global Content - Singapore
Singapore is the media hub of Asia. Reduce transaction costs. Expand export sales.
Benefits
International Sales - Master Pieces of Indian Series
JKN acquired the top ranks Indian series with high budget productions for selling international markets, such as Porus, Prithi Vallabh, and Vigharnarta Ganesh. Last year, we were selling our series for the amount more than Baht 600 million to The international markets include Cambodia, Lao PDR, Myanmar, Vietnam. Indian Series
International sales - Great series from Channel 3HD We are the sole worldwide sole distributor of BEC World* which we got the exclusive rights of more than 90 series of Channel 3HD, including romantic comedy, melodrama, and horror for international sales. We were selling the Channel 3HD series to Philippines and Malaysia.
Thai series *Excluding China, Macau, HongKong, Cambodia, Myanmar, Vietnam