WORKPOINT OPPORTUNITY DAY 13 SEPTEMBER 2017 The information - PowerPoint PPT Presentation

WORKPOINT OPPORTUNITY DAY 13 SEPTEMBER 2017

The information within this presentation has been derived from the existing factors in the present time. Therefore, the forward-looking information on this presentation may not occur in the future if the aforementioned factors or situations are changed. No representation and warranties whatsoever have been given by Workpoint Entertainment Public Company Limited and its subsidiaries. 2

GLOSS SSARY ARY  Advertising Revenue WORKPOI OINT NT TV TV  TV Production Revenue : Only TV Programs aired on WORKPOINT TV (“WP TV”)  Time Slot Rental Revenue  Advertising Revenue : TV Programs aired on Other TV Channels OTHER ER TV  TV Production Revenue : Only TV Programs aired on Other TV Channels BUSINE NESS SS  Revenue from Digital Media (e.g. YouTube, Line, Facebook)  Revenue from TV Program Licensing  Ticket sale from Plays and Concerts CONCER CERTS TS &  Theatre Sponsorship Revenue and Show Sponsorship Revenue PLAYS  Area Rental Revenue  Event Sponsorship Revenue EVENT  Event Organizing Revenue 3

GLOSSARY SSARY Channel Abbrv. Channel Abbrv. Company Company Royal Thai Army Radio and Television Station CH.5 GMM Channel Co., Ltd. GMM25 The Government Public Relations Department NBT Bangkok Business Broadcasting Co., Ltd. NOW26 Thai Public Broadcast Service THAI PBS R.S. Television Co., Ltd. CH.8 BEC-Multimedia Co., Ltd. 3FAMILY BEC-Multimedia Co., Ltd. 3SD MCOT Public Co., Ltd. Mono Broadcast Co., Ltd. MONO29 MCOT FAMILY Thai News Network Co., Ltd. TNN MCOT Public Co., Ltd. MCOT DN Broadcast Co., Ltd. NEW TV GMM One TV Co., Ltd. ONE Spring News Television Co., Ltd. SPRING NEWS Triple V Broadcast Co., Ltd. THAIRATH TV Bright TV Co., Ltd. BRIGHT TV BEC-Multimedia Co., Ltd. CH.3 Voice TV Co., Ltd. VOICE TV Amarin Television Co., Ltd. AMARIN TV NBC Next Vision Co., Ltd. NATION TV Bangkok Broadcasting & TV. Co., Ltd. CH.7 WORKPOINT Bangkok Media & Broadcasting Co., Ltd. PPTV Thai Broadcasting Co., Ltd. TV 4 True Four You Station Co., Ltd. TRUE4U

Financial Performance CO COMPAN PANY Y PRO ROFI FILE LE

F OUN UND IN 1989 1989 , W OR ORKP KPOI OINT AS ASPIRES ES TO O BE L EAD ER IN E NTERTAIN ADER TAINME MENT NT AND M EDIA A I NDUS AN USTRY Number 1 Variety Content Provider in Thailand. 6

SH SHAREH REHOLDER OLDER PRO ROPORTI ORTION ON Mr. Phanya Nirunkul & Mr. Prapas Cholsaranon, Co-Founders, hold 52% altogether Registered Capital : 452.09 m share Paid-up Capital : 417.25 m share Free Float (31/05/16) : 33.75% Foreign : 12.37% 7

1989 9 - 2015 2015 Provided TV Programs to all TV Stations. M ORE THA HAN 25 25 YEAR , E XPERIE , C REAT ARS, RIENCE NCE, ATIN ING HAN 100 100 T V V P ROG MOR ORE THA OGRAM AMS Guaranteed by many National and International Awards. 8

2005 5 - PRE RESENT SENT A T RUE UE I NTEGRATED ATED E NTER T C OM ERTAINM TAINMEN ENT OMPAN ANY Started Diversifying into Related Businesses 9

2014 4 - PRE RESENT SENT P LAY E B US AYHOU HOUSE USINESS 10 10

2014 2014-PRESENT PRESENT W ORK INT T V RKPO POINT FULL L VARIE IETY TV STATION ION 24 HOU HOURS WITH QUALIT RS WITH QUALITY Y CO CONTENTS ENTS Shifting from TV Production house to TV Station Accounted for 85% of Total Revenue 11 No TV Programs for other TV Stations since 2016

Ad FIN INANC NCIA IAL L PE PERF RFOR ORMAN MANCE CE 2 Q 2017

CO CONSOLI SOLIDATED DATED FI FINANCIA CIAL L PER ERFO FORMANC RMANCE E 2Q2017 VS 2Q2016  TOTAL REV.* : INCREASING 38.4%  GROSS PROFIT : INCREASING 68.4% Unit : MB Unit : MB GP %GPM 2Q2017 1,114.2 59.8% 800.0 60.0% 700.0 49.1% 50.0% 600.0 40.0% 500.0 400.0 30.0% 665.8 2Q2016 300.0 805.0 20.0% 395.3 200.0 10.0% 100.0 0.0 0.0% 2Q2016 2Q2017  NET PROFIT : INCREASING 178.4%  EBIT : INCREASING 145.7% Unit : MB Unit : MB Unit : MB Unit : MB NP %NPM EBIT %EBIT 600.0 43.6% 50.0% 33.5% 45.0% 500.0 40.0% 400.0 35.0% 35.0% 400.0 350.0 30.0% 30.0% 24.6% 300.0 25.0% 300.0 25.0% 250.0 486.2 16.6% 20.0% 372.8 20.0% 200.0 200.0 15.0% 15.0% 150.0 133.9 10.0% 197.9 10.0% 100.0 100.0 5.0% 5.0% 50.0 0.0 0.0% 0.0 0.0% 2Q2016 2Q2017 2Q2016 2Q2017 13 * Excluding other income

CONSOLI CO SOLIDATED DATED FI FINANCIA CIAL L PER ERFO FORMANC RMANCE E 6M2017 VS 6M2016  TOTAL REV.* : INCREASING 41.7%  GROSS PROFIT : INCREASING 70.0% Unit : MB Unit : MB GP %GPM 56.2% 6M2017 1,920.2 1,200.0 60.0% 1,000.0 46.8% 50.0% 800.0 40.0% 600.0 30.0% 1,079.0 400.0 20.0% 6M2016 1,355.3 634.5 200.0 10.0% - 0.0% 6M2016 6M2017  NET PROFIT : INCREASING 23 5.9%  EBIT : INCREASING 18 1.5% Unit : MB Unit : MB NP %NPM EBIT %EBIT 38.9% 800.0 42.0% 28.4% 37.0% 700.0 600.0 30.0% 32.0% 600.0 27.0% 500.0 25.0% 500.0 19.6% 22.0% 400.0 20.0% 747.4 400.0 17.0% 12.0% 300.0 546.2 15.0% 300.0 12.0% 200.0 10.0% 200.0 265.5 7.0% 162.6 100.0 5.0% 100.0 2.0% - 0.0% - -3.0% 6M2016 6M2017 6M2016 6M2017 14 * Excluding other income

CO CONSOLI SOLIDATED DATED FI FINANCIA CIAL L PER ERFO FORMANC RMANCE E Unit : MB 2nd Quarter 6 Months 2Q 2016 2Q 2017 % change 6M 2016 6M 2017 % change Total Rev. 805.0 1,114.2 38.4% 1,355.3 1,920.2 41.7% Costs (409.7) (448.4) 9.4% (720.8) (841.2) 16.7% Gross Profit 395.2 665.8 68.4% 634.5 1,079.0 70.0% Other Rev. 6.8 25.7 275.6% 27.3 32.2 17.9% Selling (68.0) (67.9) 0.0% (128.8) (124.8) -3.1% Admin (135.6) (131.9) -2.8% (265.0) (235.3) -11.2% EBIT 198.5 491.7 147.7% 268.0 751.0 180.3% Interest (30.3) (22.9) -24.3% (62.1) (48.5) -21.9% Profit/Loss from JV (0.6) (5.4) 837.1% (2.5) (3.7) 46.0% Tax (34.2) (89.4) 161.3% (40.5) (150.3) 271.0% Minor (0.5) 1.2 -345.1% 0.2 2.4 1047.4% Net Profit 133.9 372.8 178.4% 162.6 546.2 235.9% 15

CO CONSOLI SOLIDATED DATED RE REVE VENUE UE ST STRU RUCT CTURE URE 2Q2017 VS 2Q2016  2Q 2017 : TOTAL REV. 1,114.2 MB  2Q 2016 : TOTAL REV. 805.0 MB 4.7% 5.2% 0.4% 0.3% 3.5% 2.7% 91.8% 91.4% TV Business Concert Event Other TV Business Concert Event Other 16 * Excluding other income

CO CONSOLI SOLIDATED DATED RE REVE VENUE UE ST STRU RUCT CTURE URE 6M2017 VS 6M2016  6M 2017 : TOTAL REV. 1,920.2 MB  6M 2016 : TOTAL REV. 1,355.3 MB 4.4% 0.4% 0.4% 4.9% 3.7% 3.5% 91.0% 91.7% TV Business Concert Event Other TV Business Concert Event Other 17 * Excluding other income

CONSOLI CO SOLIDATED DATED RE REVE VENUE UE ST STRU RUCT CTURE URE Unit : MB  2 nd QUARTER 2Q 2016 2Q 2017 1,114.2 1,022.8 1,200.0 805.0 735.9 1,000.0 800.0 600.0 58.1 400.0 28.0 30.2 37.5 3.6 3.1 200.0 - TV Business Concert Event Other * Total % Revenue 39.0% 7.8% 55.0% -12.4% 38.4% Growth 6M 2016 6M 2017  6 MONTHS 1,920.2 2,500.0 1,761.2 1,355.3 2,000.0 1,233.7 1,500.0 1,000.0 66.1 49.5 67.2 83.9 6.0 7.8 500.0 - TV Business Concert Event Other Total * % Revenue 42.8% 35.8% 27.0% 30.8% 41.7% Growth 18 * Excluding other income

Ad TV V BUS USINESS ESS

TV V BUS USINESS ESS 2Q2016 2Q2017  2 nd QUARTER Unit : MB 1,022.8 937.2 735.9 703.0 76.2 14.3 14.5 4.0 9.3 - Workpoint TV Free TV Online Licensing Total %Growth 33.3% -100.0% 426.3% 130.3% 39.0%  6 MONTHS 6M2016 6M2017 1,761.2 1,634.0 1,233.7 1,187.7 113.9 24.7 14.3 6.9 13.2 - Workpoint TV Free TV Online Licensing Total %Growth 37.6% -100.0% 360.6% 90.5% 42.8% 20

Ad TV TV BUS USIN INES ESS S : : WO WORK RKPO POIN INT T TV TV

TV V BUS USINESS SS : WO : WORK RKPOI OINT NT TV GENRE : General Entertainment/ Variety KEY CONCEPT : Knowledge, Wit, Fun, Entertainment TARGET AUDIENCE : all Ages and Genders 22 22

TV V BUS USINESS ESS : WO : WORK RKPOI OINT NT TV Capture All Ages and Genders Matching with Thailand’s Average Audience Profile 23 Source : AGB NEILSEN , as of July 2017

TV V BUS USINESS SS : WO : WORK RKPOI OINT NT TV More than 60% are Light Entertainment Contents 0.8% 1.6% 7.9% 1.2% 24.2% 2.4% 7.7% 3.0% 16.9% 7.0% 1.6% 2.4% 37.1% 10.1% 9.0% Re-Run 1 st Run WORKPOINT 12.3% 65.0% 35.0% TV 57.9% 16.2% 36.6% 44.2% News Content Variety Show Content Game Show Content Inter. Content Thai & Inter. Drama Content Big Format Content Sitcom Content Cartoons Content Branded TV Content 24 Source : Workpoint TV as of July 2017 (18 Hrs.)

TV V BUS USIN INESS SS : WO : WORK RKPOI OINT NT TV AGB Nielsen Rating 15+ ( Avg.18 hours ) Nationwide 1.80 1.55 1.60 1.49 1.51 1.49 1.46 1.47 1.42 1.47 1.31 1.40 1.33 1.44 1.23 1.16 1.19 1.19 1.15 1.21 1.20 1.08 0.98 1.14 1.12 0.96 1.00 1.00 0.88 0.85 0.83 0.97 0.80 0.90 0.73 0.74 0.75 0.78 0.80 0.51 0.60 0.48 0.45 0.52 0.50 0.34 0.40 0.40 0.30 0.25 0.24 0.20 2016 2016 2014 2014 2015 2015 2017 2017 0.00 World Cup ASEAN Games SEA Games King Rama 9 pass away SEA Games 25 Source : AGB NEILSEN : TV Rating All Target 15+