Presentation - Jetix Europe

Transcription

Jetix Europe N.V.
Financial Results
Year ended September 30, 2006
November 28, 2006
Operating Review
Paul Taylor
Chief Executive Officer
Slide 2
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
Operating Highlights
1

Continued strong revenue, EBITDA 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.

Consumer Products revenue up 63%
2
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
Reaching our Audience
Content
Free
Television
Online
Content
Pay
Television
Magazines
Mobile
VOD
DVD
Live
Events
Consumer
Products
Audience
Slide 5
Channels and Online
1

Subscribers up by 12% 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

Stable third party programme sales complemented by
US alliance sales
1

A.T.O.M., Oban Star-Racers and Pucca 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 2007
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
2
Slide 7
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
Financial Review
Dene Stratton
Chief Financial Officer
Slide 9
Financial Highlights
(First full year under IFRS and in Euros)
(Euro mil.)
Change
FY 06
FY 05
(Unaudited)
(Unaudited)
Revenue
162.8
145.3
12%
EBITDA
1
62.4
49.2
27%
Operating Profit
18.4
2.9
535%
Net Profit attributable to
shareholders
23.4
6.1
285%
Diluted EPS (cents)
27.6
7.2
283%
Operating Cash Flow
16.9
22.8
(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
1
Revenue Analysis
Line of Business
Country
€162.8m
€145.3m
€162.8m
€145.3m
Consumer Products
14.5
17.8
Channels :
Advertising
Channels :
Subscription
& Other
19.0
36.6
Unaudited
Other
Spain & Portugal
Germany
8.2
5.8
12.1
Benelux
16.8
France
16.2
Italy
19.1
CEE, Poland
& M. East
23.4
28.6
UK &
Ireland
43.7
41.3
FY 05
FY 06
18.6
19.8
39.5
80.7
76.4
FY 05
1
23.6
9.7
6.5
14.0
FY 06
24.3
Slide 11
1
Channels and Online
Financial Performance (€mil)
6%
120.3
113.0
FY 06
FY 05
6%
45.5 48.2
Revenues
1
Unaudited
Overview

Revenue up 6% to €120.3 mil.

EBITDA up 6% to €48.2 mil.

EBITDA margin constant at
40%
EBITDA
Slide 12
1
Channels and Online Revenue
Breakdown by Type
Subscription (€mil)
Advertising (€mil)
Other (€mil)
5%
77.6
73.7
8%
39.5
36.6
19%
3.2
2.7
FY 05
1
Unaudited
FY 06
Slide 13
6%
FY 06
FY 05
(2)%
11.7 11.5
Revenues
Unaudited
Overview
19.0
17.8
1
1

Revenue up 6% to €19.0 mil.,
driven by sales to Jetix US

EBITDA down 2% to €11.5
mil., due to increased costs
from higher volume of
episodes delivered

EBITDA margin down from
66% to 61%
EBITDA
Slide 14
1
Consumer Products
Overview
23.6
FY 06
FY 05
63%

Revenue up 63% to €23.6 mil.,
driven by Power Rangers and
master toy licences

EBITDA up 145% to €12.2 mil.

EBITDA margin up to 52%
14.5
12.2
145%
5.0
Revenues
1
Unaudited
EBITDA
Slide 15
Cash Flow
Cash Flow (€mil)
1
Overview
22.8
Operating
Investing
Financing
16.9
7.8
5.9
1
(0.6)
(1.0)
FY 05
FY 06
Unaudited; Excludes Foreign Exchange Impact

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
€127.1 mil., after foreign
exchange impact
Slide 16
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
Appendix
Slide 18
Households Reached
9.5
9.6
UK & Ireland
7.4
CEE
5.8
FY 06
1
FY 05
6.8
6.6
Netherlands
Italy
3.3
France
3.4
3.7
3.7
3.1
Poland
2.6
2.7
Scandinavia
1.9
2.6
Spain
1.9
Hungary/Czech/Slov
1.9
2.3
2.0
2.0
Germany
1.9
1.7
Turkey
0.8
0.8
Israel
0.3
0.3
Greece
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Million Households
1
As at September 30, 2005 and 2006
Slide 19