4Q15 Results March 10th, 2016

Transcription

1 Results March 10 th, 2016

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 Events Pipeline 2016 Operating Performance Financial Performance 3

4 Events Pipeline shows Pearl Jam (6 shows em novembro) 7 shows LIVE MUSIC INDOOR 5 shows FAMILY & THEATER 2 days LIVE MUSIC OUTDOOR SPORTS 4

5 14% Operating Performance 4Q % % -4% -72% # Events # tickets sold (000) # Events # tickets sold (000) Live Music Family & Theater Live Music outdoor: promotion of 30 outdoor shows in 2015 versus 20 shows in 2014 explains the better performance in live music. In we delivered 17 outdoors concerts versus only 2 in 4Q % % -65% Family Events & Theater: decrease in tickets sold between quarters and years reflects the end of performances of Cirque du Soleil in % # Events # tickets sold (000) # Events # tickets sold (000) Live Music Family & Theater 5

6 Net Revenue x4q x 2014 R$ million R$ million +134% % % % +138% % % Q Events promotion Ticketing, F&B and venues Sponsorship Events promotion Ticketing, F&B and venues Sponsorship Net revenue in events promotion decreased 17% in 2015 versus 2014, because the increase of 24% in live music, thanks to the growth in the number of events, tickets sold and the increase of 20% in the average ticket price, was impacted by the reduction of 77% in theater and family events, due to the end of performances of Cirque du Soleil. Net revenue of Ticketing, F&B and Venues operations grew 53% in 2015 due mainly to the successful tickets sales for Rolling Stones, Maroon 5, Coldplay and Lollapalooza Festival. Net revenue of sponsorship was in line with In, the better performance in events promotion, ticketing, F&B and venues operation and sponsorship can be briefly explained by (i) the promotion of more outdoor shows in, and (ii) advanced ticket sales for outdoor concerts in 1H16, like Rolling Stones and Coldplay. 6

7 Gross Profit and EBITDA Gross Profit EBITDA R$ million R$ million +168% +322% mn % Q % Q The significant improvement in gross profit in 2015 and in is a result of the better performance in ticketing, F&B and venues operation. Increase in EBITDA of R$25.8 million from 4Q14 and R$67.8 million from

8 Financial Income Financial Expenses Exchange rate variation Net Financial Results Financial Result and Net Result Financial Result Net Result R$ million R$ million +54.6mn +91.2mn Q Net financial income increased 116% mainly in income over financial investments; Financial expense grew 61% due to (i) the growth in CDI (interbank deposit rate) between periods and (ii) increase in interest on debentures; Gain with exchange variance as reflex of portion of Company s cash applied in US Dollar. Net income in 2015 totaled R$20.9 million, reversing loss of R$70.3 million. In, net income totaled R$12.2 million, reversing loss of R$42.4 million in 4Q14. 8

9 Cash Flow and Net Cash (Debt) Cash Flow Net Cash (Debt) R$ million R$ million Operating Investment Financial Exchange Var % % Debt Cash Net Cash (Debt) 4Q14 3Q15 Generation of R$169.0 million in operating cash, due to the advanced tickets sales for the shows of Rolling Stones, Maroon 5, Coldplay and Lollapalooza Generation of R$10 million in financing mainly through the second issuance of debentures in March Cash totaled R$239.6 million versus debt of R$60.6 million. Net cash of R$179.0 million, up 149% from 3Q15 and 505% from

10 IR Contacts