Jetix Europe N.V. Financial Results For the year ended September 30, November 15, Slide 1

Transcription

1 Jetix Europe N.V. Financial Results For the year ended September 30, 2007 November 15, 2007 Slide 1

2 Operating Review Paul Taylor Chief Executive Officer Slide 2

3 Overview One of Europe s leading kids entertainment companies Broadcasting in 58 countries in 19 languages via 15 channel feeds Reach over 50 million households across Europe and the Middle East Three operating divisions : Ð Ð Ð Channels and Online Programme Distribution Consumer Products Slide 3

4 Highlights Strong growth in EBITDA, Operating Profit and Operating Cash Flow Channels reach over 50 million homes New SVP of programming appointed Strong performance from key programme franchises Enhanced programming co-operation with Disney Digital division reorganised with increased investment 50 million share premium distribution Slide 4

5 Channels and Online Subscribers up by 8% to 50.5 million households Distribution deals renewed in a number of markets Canalsat negotiations in France reopened - carriage initially extended to March 2008 Advertising growth in Italy and Poland, but pressure elsewhere Jetix s online broadband video service rolled out to new markets Digital delivery of content continues to expand Broadcasting in 58 countries via 15 channel feeds in 19 languages Slide 5

6 Programme Distribution Major co-productions continue to sell well New series of Pucca sold to US alliance partner New commission - Jetix Israel Six new series secured 144 new episodes delivered Programme pipeline of 124 episodes Library of over 6,000 episodes Slide 6

7 Consumer Products Strong underlying performance from Power Rangers, not fully reflected due to change in contract Master toy deal with Hasbro for latest series of A.T.O.M. Alpha Teens on Machines Pucca merchandising continues to sell well New Jetix magazines launched in Italy and Poland Power Rangers strong in home entertainment Consumer products rights secured on new programmes Slide 7

8 Financial Review Dene Stratton Chief Financial Officer Slide 8

9 Financial Highlights (Euro mil.) (Unaudited) FY 07 FY 06 Change Revenue % EBITDA % Operating Profit % Net Profit attributable to shareholders % Diluted EPS (cents) % Operating Cash Flow % 1 Consistent with prior years, EBITDA is operating profit stated before programme amortisation, impairment, depreciation, interest and tax. Slide 9

10 Channels and Online 1 Financial Performance ( mil) Overview 2% FY 07 Revenue up 2% to mil. FY 06 EBITDA up 6% to 51.1 mil. 6% EBITDA margin slightly higher at 42% Revenues EBITDA 1 Unaudited Slide 10

11 Channels and Online Revenue 1 Breakdown by Type Subscription ( mil) Advertising ( mil) Other ( mil) 4% (6)% % FY 06 FY 07 1 Unaudited Slide 11

12 Programme Distribution 1 Financial Performance ( mil) Overview 11% % 13.0 FY 07 FY 06 Revenue up 11% to 21.0 mil., primarily due to new programme commission from Jetix Israel 11.5 EBITDA up 13% to 13.0 mil. Small increase in EBITDA margin to 62%, as marketing costs reduced Revenues EBITDA 1 Unaudited Slide 12

13 Consumer Products 1 Financial Performance ( mil) Overview 23.6 (5)% 22.5 FY 07 FY 06 Revenue down 5% to 22.5 mil., due to change in Power Rangers contract 5% EBITDA up 5% to 12.8 mil. EBITDA margin up to 57% Revenues EBITDA On consistent basis, i.e. exclude Power Rangers contract change, revenue would have increased 10% 1 Unaudited Slide 13

14 Cash Flow 1 Operating Cash Flow ( mil) Overview Cash from operating activities increased by 56% to 26.4 mil. Cash and cash equivalents decreased by 27.6 mil. to 99.5 mil., due to 50 mil. share premium distribution FY 06 FY 07 1 Unaudited; excludes Foreign Exchange impact Slide 14

15 Foreign Exchange Impact (Euro mil.) FY 07 Actual 1 Change due to FX FY FY06 rates 2 Change FY06 Actual Group revenues Channels and online (3.8) Programme distribution 21.0 (1.0) Consumer products 22.5 (0.5) 23.0 (0.6) (5.3) Costs and expenses (97.0) 1.2 (98.2) 2.2 (100.4) EBITDA 69.4 (4.1) Depreciation and amortisation (44.9) 3.5 (48.4) (4.4) (44.0) Operating income 24.5 (0.6) Unaudited 2 Average of actual rates for year ended September 30, 2006 Slide 15

16 Summary Strong profit growth Channels reach over 50 million households Increased investment in digital division Strong underlying performance from consumer products Supported by Disney, the world s leading provider of family entertainment Slide 16

17 Q and A Slide 17

18 Appendix Slide 18

19 Households Reached UK & Ireland CEE Netherlands France Italy Poland Spain Scandinavia FY 07 1 FY 06 1 Versus year ended Sept 30, 2006 Hungary/Czech/Slov Turkey Germany Israel Greece Million Households Slide 19