Presentation - Jetix Europe

Transcription

Jetix Europe N.V.
Financial Results
For the six months ended March 31, 2007
May 16, 2007
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 over 49 million households across
Europe and the Middle East

Three operating divisions

Channels and Online
Programme Distribution
Consumer Products
Slide 3
Operating Highlights
1

Number of subscribers increased to over 49 million homes

Continued strong growth in Eastern Europe

Ad-supported broadband video player extended

Strong first-half performance from Programme Distribution

Second series of Pucca sold to Jetix U.S.1

Four new series acquired

Market continues to evolve
Disney owns the Jetix brand in the U.S.
Slide 4
Channels and Online

Subscribers grew by 6% to 49.4 million 1

Strong advertising growth in Italy and Poland

Pressure on advertising revenue in other markets

Online broadband video service extended to four new markets

Pop band, XYP, launched in the Netherlands with number one hit
Broadcasting in 58 countries via 15
channel feeds in 18 languages
1
Versus year ended Sept 30, 2006
Slide 5

Strong growth primarily due to timing

Flagship properties continue to sell well and to perform
strongly on-air
–
Notably Power Rangers and W.I.T.C.H.

New series of Pucca sold to US alliance partners

Four new series acquired

61 new episodes delivered during the period

Programme pipeline of 136 episodes

Library of approx. 6,000 episodes
Slide 6
Consumer Products

Change in treatment of Power Rangers revenue from
Disney Consumer Products masks strong underlying
performance

New master toy deal secured with Hasbro for new series
of A.T.O.M. Alpha Teens on Machines

Pucca continues to perform well in merchandising

New Jetix magazines launched in Italy and Poland

Power Rangers strong in Home Entertainment

Consumer products rights secured for all four new
acquired series
Slide 7
Financial Review
Dene Stratton
Chief Financial Officer
Slide 8
Financial Highlights
(Euro mil.)
H1 07
H1 06
(Unaudited)
(Unaudited)
Change
Revenue
87.7
84.5
4%
EBITDA
1
40.4
35.4
14%
Operating Profit
16.9
12.6
34%
Net Profit attributable to
shareholders
20.7
10.3
101%
Diluted EPS (cents)
24.4
12.2
101%
Operating Cash Flow
20.8
16.3
28%
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 9
1
Channels and Online
Financial Performance (€mil)
Overview
(1)%
64.0 63.4
H1 07
H1 06

Revenue down 1% to €63.4 mil.

EBITDA down marginally to
€28.3 mil.

EBITDA margin of 45%
(0)%
28.3 28.3
Revenues
1
Unaudited
EBITDA
Slide 10
1
Channels and Online Revenue
Breakdown by Type
Subscription (€mil)
Advertising (€mil)
Other (€mil)
2%
39.3 40.2
(9)%
22.9
20.7
39%
2.5
1.8
H1 06
1
Unaudited
H1 07
Slide 11
H1 07
H1 06
11.6
30%
Overview

Revenue up 30% to €11.6 mil.,
driven by phasing

EBITDA up 49% to €7.8 mil.

EBITDA margin up from 60%
to 68%
8.9
7.8
49%
5.3
Revenues
1
Unaudited
1
EBITDA
Slide 12
1
Consumer Products
9%
12.7
H1 07
H1 06
11.6
14%
7.1
6.2
Revenues
1
Unaudited
Overview

Revenue up 9% to €12.7 mil.,
driven by Power Rangers and
Pucca

EBITDA up 14% to €7.1 mil.

EBITDA margin up to 56%
EBITDA
Slide 13
Cash Flow
Cash Flow (€mil)
20.8
Overview

Cash from operating
activities increased by €4.5
mil., up 28%

Cash and cash equivalents
increased by €22.7 mil., to
€146.1 mil.
Operating
Investing
Financing
16.3
1
5.5
(0.2)
H1 06
1
Unaudited; excludes Foreign Exchange impact
(0.1) 0.1
H1 07
Slide 14
CEO’s Summary
Followed by Q and A
© 2005 Jetix Europe. JETIX & JCP name and logo © and ™ Disney Enterprises, Inc.
Slide 15
Appendix
Slide 16
Households Reached
9.2
9.5
UK & Ireland
H1 07
1
FY 06
6.8
6.8
Netherlands
8.3
CEE
7.4
Italy
3.7
4.1
3.9
3.7
France
3.8
Poland
3.1
2.8
2.7
Scandinavia
3.1
Spain
2.6
1.8
2.0
Germany
2.6
2.3
Hungary/Czech/Slov
2.0
1.9
Turkey
0.8
0.8
Israel
0.3
0.3
Greece
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
Million Households
1
Versus year ended Sept 30, 2006
Slide 17