Jetix Europe N.V. Financial Results Year ended September 30, 2006 November 28, 2006

Transcription

1 Jetix Europe N.V. Financial Results Year ended September 30, 2006 November 28, 2006

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 18 languages via 15 channel feeds Reach 46.8 million households across Europe and the Middle East Three operating divisions Channels and Online Programme Distribution Consumer Products Slide 3

4 Operating Highlights Continued strong revenue, EBITDA 1 and operating profit growth Significant growth in number of subscribers Renewal of significant channel distribution agreement in UK Significant traffic increase on Jetix websites Ad-supported broadband video player launched Three European productions sold to Jetix U.S. 2 Consumer Products revenue up 63% 1 Consistent with prior years, EBITDA is stated before amortisation, impairment and depreciation. EBITDA less amortisation impairment and depreciation is equal to operating profit. 2 Disney owns the Jetix brand in the U.S. Slide 4

5 Reaching our Audience Content Free Television Online Content Mobile Magazines Live Events Pay Television VOD DVD Consumer Products Audience Slide 5

6 Channels and Online Subscribers up by 12% 1 to 46.8 million, with strong growth from both existing distributors and new carriage deals Advertising growth strong in Italy, France and emerging markets Extended distribution with Sky in U.K. (option through 2012) Online page views average over 100 million per month Ad-supported broadband video player launched Digital media trials ongoing Jetix Kids Cup tournaments held on four continents Broadcasting in 58 countries via 15 channel feeds in 18 languages 1 Versus annual results September 30, 2005 Slide 6

7 Programme Distribution Stable third party programme sales complemented by US alliance sales A.T.O.M., Oban Star-Racers and Pucca 1 sold to Jetix U.S. 2 New flagship programming selling well, and successful on-air 248 new episodes delivered 4 new series commissioned Programme pipeline of 93 episodes Library of over 6,000 episodes 3 1 Revenue recognition of Pucca split between 2006 and Disney owns the Jetix brand in the U.S. 3 Reduced from 6,600 at end of FY05 due to return of licenses to original producer under a broader agreement Slide 7

8 Consumer Products Revenue up 63%, EBITDA more than doubled Significant contribution from master toy licenses Power Rangers, represented by Disney Consumer Products, continues to grow strongly Pucca, Sonic X and Jetix branded products perform well in merchandising A.T.O.M. notable success in home video Buena Vista Home Entertainment Power Rangers deal renewed in UK and Ireland New rights secured Slide 8

9 Financial Review Dene Stratton Chief Financial Officer Slide 9

10 Financial Highlights (First full year under IFRS and in Euros) (Euro mil.) FY 06 FY 05 (Unaudited) (Unaudited) Change Revenue % EBITDA % Operating Profit % Net Profit attributable to shareholders % Diluted EPS (cents) % Operating Cash Flow (26)% 1 Consistent with prior years, EBITDA is stated before amortisation, impairment and depreciation. EBITDA less amortisation impairment and depreciation is equal to operating profit. Slide 10

11 Revenue Analysis 1 Line of Business Country 162.8m Consumer Products Programme Distribution Channels : Advertising 145.3m m m Other 8.2 Spain & Portugal 5.8 Germany 12.1 Benelux 16.8 France 16.2 Italy Channels : Subscription & Other CEE, Poland & M. East UK & Ireland FY 05 FY 06 FY 05 FY 06 1 Unaudited Slide 11

12 Channels and Online 1 Financial Performance ( mil) Overview 6% FY 06 Revenue up 6% to mil. FY 05 EBITDA up 6% to 48.2 mil. 6% EBITDA margin constant at 40% Revenues EBITDA 1 Unaudited Slide 12

13 Channels and Online Revenue 1 Breakdown by Type Subscription ( mil) Advertising ( mil) Other ( mil) 5% % % FY 05 FY 06 1 Unaudited Slide 13

14 Programme Distribution 1 Financial Performance ( mil) Overview 6% FY 06 FY 05 Revenue up 6% to 19.0 mil., driven by sales to Jetix US (2)% EBITDA down 2% to 11.5 mil., due to increased costs from higher volume of episodes delivered EBITDA margin down from 66% to 61% Revenues EBITDA 1 Unaudited Slide 14

15 Consumer Products 1 Financial Performance ( mil) Overview % 14.5 FY 06 FY 05 Revenue up 63% to 23.6 mil., driven by Power Rangers and master toy licences 12.2 EBITDA up 145% to 12.2 mil. 145% EBITDA margin up to 52% 5.0 Revenues EBITDA 1 Unaudited Slide 15

16 Cash Flow 1 Cash Flow ( mil) Overview Operating Investing Financing Cash from operations decreased by 5.9 mil., primarily due to payment of related party liabilities to Disney Cash and cash equivalents increased by 24.0 mil., to mil., after foreign exchange impact (0.6) (1.0) FY 05 FY 06 1 Unaudited; Excludes Foreign Exchange Impact Slide 16

17 Summary Continued strong financial performance Jetix global alliance developing with programme sales to US partners Strong slate of content delivered Consumer products continues to expand Supported by Disney, the world s leading provider of family entertainment 2005 Jetix Europe. JETIX & JCP name and logo and Disney Enterprises, Inc. Slide 17

18 Appendix Slide 18

19 Households Reached UK & Ireland CEE Netherlands Italy FY 06 FY 05 1 France Poland Scandinavia Spain Hungary/Czech/Slov Germany Turkey Israel Greece Million Households 1 As at September 30, 2005 and 2006 Slide 19