VGI Global Media Plc 1Q 2017/18 Earnings Presentation 3 August 2017 - - PowerPoint PPT Presentation

Prepared by Investor Relations Department VGI Global Media Plc

VGI Global Media Plc

1Q 2017/18 Earnings Presentation

3 August 2017

Prepared by Investor Relations Department VGI Global Media Plc Investment involves risk. Prospective should understand the characteristics of Securities and study information about VGI Global Media Public Company Limited (“VGI” or the “Company”) before making a decision to invest in Securities. This Presentation is not intended to provide the basis for any investment decision, nor to substitute your own analysis and investigation, and should not be considered as a recommendation to any recipient of this Presentation. Some statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to the Company’s corporate plans, strategies and beliefs and other statement that are not historical facts. These statement can be identified by the use of forward-looking terminology such as “may”, “will”, “expect” , “intend”, “estimate”, “continue”, “plan” or other similar words. The statements are based on the assumptions and beliefs of the Company’s management in light of the information currently available to the Company. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this Presentation is, or should be, relied

• n as promise or representation of the Company as to the future.

Disclaimer

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Prepared by Investor Relations Department VGI Global Media Plc

Section 1 1Q 2017/18 Financial Performance Section 2 Business Update

Agenda

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Prepared by Investor Relations Department VGI Global Media Plc

PROFIT AND LOSS STATEMENT

1Q 2017/18 Overview

4 Section 1: 1Q 2017/18 Financial Performance (THB mn) 1Q 16/17 4Q 16/17 1Q 17/18 YoY (%) Operating revenue 624 863 852 36.5% Cost of sales 256 357 356 39.1% Gross profit 368 506 496 34.8% EBITDA 443 345 352

• 20.7%

Interest expenses 5 10 23 401.9% NPAT from operation (excl. NCI) 187 216 192 2.8% NPAT from financial statements (excl. NCI) 3131 204 175

• 44.2%

Gross profit margin 59.1% 58.6% 58.2% EBITDA margin 70.6% 40.0% 41.3% NPAT from operation margin (excl. NCI) 29.9% 25.0% 22.5% NPAT from financial statements margin (excl. NCI) 50.3% 23.7% 20.5% 1 2 KEY HIGHLIGHTS

OFFICE TRANSIT

Original business

+19.8% YoY organic growth

Newly acquired business

+96.3% YoY inorganic growth

OUTDOOR DIGITAL SERVICES

• Expansion driven by 19.8% organic growth and M&A
• Higher cost due to full quarter effect of consolidation and

higher in Transit concession fee

• Gross profit performance in line with revenue growth
• Net profit from operation increased due to higher sales and

synergies between Rabbit Group 1 2 3 4 3 4

Note: Consolidated Outdoor media revenue from MACO since 1 June 2016.

1Included extraordinary item from gain of fair value measurement in MACO at the acquisition date of THB 207mn.

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Revenue Contribution and Key Developments

5 1Q 17/18 REVENUE CONTRIBUTION TOTAL REVENUE (THB mn) 624 792 772 863 852

1Q 2Q 3Q 4Q 1Q

+36.5% YoY

2016/17 2017/18

REVENUE DEVELOPMENTS (THB mn)

Revenue from new synergies between VGI and Rabbit started to kick in from “Station Sponsorship” campaign. We expect to see more synergies across our out-of-home media platform in the remaining of 2017.

Section 1: 1Q 2017/18 Financial Performance Out-of-Home Media Digital Services

87.0% 13.0% 11.2% 88.4% 15.2% 84.8% 13.4% 86.6% 11.4% 88.6%

11.4% DIGITAL SERVICES THB 97mn 19.9% OUTDOOR THB 170mn 7.8% OFFICE & OTHER THB 66mn TRANSIT THB 459mn 53.9% THB 852mn NEW SYNERGIES THB 60mn 7.0% 852 37 60 115 16

1Q 16/17 Transit New Synergies Office & Other Outdoor Digital Services 1Q 17/18

624

Out-of-Home Media

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55 153 181 160 170

1Q 2Q 3Q 4Q 1Q

459 60 422 475 430 510 519

1Q 2Q 3Q 4Q 1Q

66 76 44 77 66

1Q 2Q 3Q 4Q 1Q

TRANSIT MEDIA REVENUE (THB mn) OFFICE & OTHER MEDIA REVENUE (THB mn)

Revenue by Business Units

Broad and resilient portfolio

6 OUTDOOR MEDIA REVENUE (THB mn) DIGITAL SERVICES REVENUE (THB mn)

0.0% YoY +208.4% YoY +22.9% YoY

2016/17 2017/18 2016/17 2017/18 2016/17 2017/18

81 88 117 116 97

1Q 2Q 3Q 4Q 1Q 2016/17 2017/18

+19.3% YoY

Consolidated since June 2016.

NEW SYNERGIES ON TRANSIT MEDIA

Section 1: 1Q 2017/18 Financial Performance

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Balance Sheet & Cash Flow

7 Section 1: 1Q 2017/18 Financial Performance ASSETS BREAKDOWN (THB mn) LIABILITY & EQUITY BREAKDOWN (THB mn) CASH FLOW (THB mn)

5,372 5,818 2,613 2,395 31 March 17 30 June 17 29.9% 70.1% Non-current assets Current assets 32.7% 67.3% 8,213 7,985 3,105 3,295 2,072 2,077 2,808 2,841 31 March 17 30 June 17 Equity Non-current liabilities Current liabilities 38.9% 25.9% 35.2%

Actual Target

1Q 17/18 17/18 Transit Media 37 250 Office & Others Media 4 90 Total VGI 41 340 Outdoor Media 175 210 Digital Services 13 150 Total VGI, MACO & Rabbit 229 700

CAPEX (THB mn)

799 625

208* 299 83**

Beginning cash (Restated) (31/3/2017) CFO CFI CFF Ending cash (30/6/2017)

*After tax (THB 38mn) and interest expense (THB 20mn) **Included Translation adjustment of THB 0.3mn

8,213 7,985 40.1% 25.3% 34.6%

Prepared by Investor Relations Department VGI Global Media Plc

Section 1 1Q 2017/18 Financial Performance Section 2 Business Update

Agenda

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Business Update

SBK line now began its full service, operating 51km

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• SBK Line opened the 2nd phase of operation across 30 kilometres

with 19 stations from Semantan to Kajang station.

• Altogether, SBK Line has a total distance of 51 kilometres with 31

stations of which 9.5 kilometres (7 stations) run beneath the centre of Kuala Lumpur while the rest of alignment is elevated.

• Currently, Titanium Compass Sdn Bhd (“TCSB”) has already

commenced advertising in 2 stations, 3 trains body wrap and 6 whole in train.

FULL PHASE OPERATION AND ADVERTISING COMMENCEMENT Section 2: Business Update

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Business Update

Presence in 3 strategic airlines: Air Asia, Lion Air and Nok Air

10 ADDITIONAL MEDIA ON PLANE, NOK AIR

• Aero Media has Secured the right to manage the media on 20

planes out of 32 planes of Nok Air. Altogether with its existing airline network, Aero media is now becoming the largest media

• n plane operator in Thailand.

Section 2: Business Update SUMMARY OF AERO MEDIA’S RIGHTS & NETWORK

• No. of location

13 airports Digital Media 342 LEDs screens Static Media 57 jet bridges 7,000 trolleys 12 buggy service cart wrap Media on plane 24 planes of Thai Lion Air 30 planes of Air Asia 20 planes of Nok Air Website management All websites of AOT airports Viewer reach >300,000 people/day

• Rights to manage advertising space across 13 airports, including

Suvanabhumi and Don Mueng airport 30 planes 24 planes 20 planes Total 74 planes

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Business Update

Station Sponsorship campaign OPPO

11 Section 2: Business Update ADDITIONAL SYNERGY RECREATION

• Additional synergy recreation between VGI and Rabbit Group

through the “Station Sponsorship” campaign with OPPO on 3 BTS stations (Mo Chit, Ploenchit and Saladang)