1Q18 Results May 10, 2018

Transcription

1 Results May 10, 2018

2 Disclaimer The consolidated financial statements of T4F Entretenimento S.A. presented here are consistent with the criteria of international accounting standards - IFRS issued by the International Accounting Standards Board IASB, based on audited financial information. Non-financial information contained herein, as well as other operational information, were not audited by independent auditors and may include forward-looking statements and reflects management's current views and perspectives on the evolution of macro-economic environment, conditions of the live entertainment industry, company performance and financial results. Any statements, projections, expectations, estimates and plans contained in this document that do not describe historical facts, and the factors or trends affecting financial condition, liquidity or results of operations, are forward-looking statements and involve several risks and uncertainties. No investment decision should be based on validity, accuracy or completeness of the information or opinions contained in this presentation. Under no circumstances, neither the Company nor its subsidiaries, directors, officers, agents or employees be liable to third parties (including investors) for any investment decision based on information and statements in this presentation, or for any damages resulting therefrom, corresponding or specific. This presentation and its contents are proprietary information of Company and may not be reproduced or circulated, partially or completely, without the prior written consent of the Company. This presentation is current to date and T4F has no obligation to update it or revise it in light of new information and / or in face of future events, safeguard the current regulations that we have submitted. 2

3 Agenda Operating Performance Event Pipeline Financial Performance 3

4 14% Operating Performance x +53% 521-2% % -61% # Events # tickets sold (000) # Events # tickets sold (000) Live Music Family & Theater LTM17 x LTM18 +12% 1,738 1,548 +5% LTM (Apr/16 Mar/17) LTM (Apr/17 Mar/18) +23% +12% Live Music: Even with practically the same number of shows, we sold 53% more tickets year-on-year both in indoor and outdoor events. In outdoor shows, in, we highlight the promotion of 3 days of the Lollapalooza Brazil Festival, 1 concert of Pearl Jam and 1 concert of Gorillaz. Family and Theater: This year, due to logistics, we will premiere the musical The Phantom of the Opera in August. Thus, we presented in only the show Fuerza Bruta in Sao Paulo, while in we premiered the musical Les Misérables and promoted Fuerza Bruta in Rio de Janeiro. # Events # tickets sold (000) # Events # tickets sold (000) Live Music Family & Theater 4

5 Events Pipeline OUTDOOR LIVE MUSIC INDOOR LIVE MUSIC FAMILY & THEATER SPORTS 5

6 Net Revenue x LTM 17 x LTM 18 R$ million R$ million +19% % LTM (Apr/16 - Mar/17) LTM (Apr/17 - Mar/18) Events promotion Ticketing, F&B and venues Sponsorship Events promotion Ticketing, F&B and venues Sponsorship Events promotion: net revenue amounted to R$130.7 million, up 59% from. This better performance is a result of a higher occupancy rate per show in live music, which experienced growth of 53% in tickets sold and of 11% in the average ticket price, which increased from R$220 to R$245 year-on-year. Ticketing, F&B and venues: net revenue of R$25.5 million, down 22% from, due mainly to the fact that the tickets for the shows promoted in were sold in 2017, and we did not start sales for future shows in. Sponsorship: net revenue of R$38.1 million in, up 70% from, due mainly to the better performance in event promotion with the festival segment. 6

7 Gross Profit and EBITDA Gross Profit R$ million R$ million +18% EBITDA and EBITDA Margin mn +22% +3.9 mn % 8.3% % 11.1% LTM (Apr/16 - Mar/17) LTM (Apr/17 - Mar/18) LTM (Apr/16 - Mar/17) LTM (Apr/17 - Mar/18) Gross profit reached R$35.0 million in the quarter, up 22% from. The higher gross profit is a result mainly of the performance of sponsorship in event promotion. In, EBITDA grew 32% from the same period last year, reaching R$16.1 million.. 7

8 Financial Result and Net Result Financial Result R$ million R$ million Financial Income Financial Expenses Exchange rate variation Net Financial Result Net Income mn mn % 2.5% 3.6% 6.2% LTM (Apr/16 - LTM (Apr/17 - Mar/17) Mar/18) In, net financial result was negative in R$1.2 million versus positive R$1.5 million in, due mainly to the negative result with the exchange variation in the hedge operations of Brazil and Argentina. posted net income of R$4.9 million. 8

9 Cash Flow and Net Cash (Debt) Cash Flow R$ million R$ million Operating Investment Financing Exchange Var Net Cash (Debt) Debt Cash Net Cash (Debt) Q17 Generation of R$51.7 million in operating cash, since there was receipt related to ticket sales for Roger Waters tour, as well as an increase in the payment term for outdoor shows held in. We spent R$412 thousand of investments in maintenance capex. In financing activities, we spent R$9.5 million with the semiannual amortization and interest payment of the second issue of debentures and R$744 thousand with the acquisition of our own shares, while we received R$3.1 million from related parties. Total indebtedness of R$16.7 million (-50% vs. and -35% vs. 4Q17) Net cash of R$226.3 million (+155% vs and +31% vs. 4Q17). 9

10 IR Contacts