TELEVISION PRODUCTION : SATELLITE TV Ranking from Past 3 Months No
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COMPANY PRESENTATION WORKPOINT ENTERTAINMENT PUBLIC COMPANY LIMITED 2Q13 ANALYST MEETING 1 DISCLAIMER Workpoint Entertainment Public Company Limited (“Work”) are pleased to provide this presentation which is intended for discussion purposes only. Although the information provided herein is believed to be reliable, Work makes no representation as to the accuracy or completeness of such information or otherwise provided by Boutique. Prior to acting on any information contained herein, the receiver should determine the risks and merits, including legal, tax and accounting characterizations and consequences without reliance on Work. This presentation and the content of any document relating thereto are proprietary to Work and may not be reproduced or otherwise disseminated in whole or in part without Work’s prior written consent 2 BUSINESS OVERVIEW 3 EVENUE TRUCTURE 1,200.0 R S 976.7 1,000.0 Revenue Contribution 75.2 -32.7% 800.0 20.1% 17.6% 0.8% 102.8 37.5% 606.1 610.9 565.4 TV Production Satellite TV 600.0 515.6 58.0 411.3 429.3 125.4 65.6 Publishing Animation 49.6 59.8 63.3 47.2 400.0 37.7 42.2 61.7 9.6 754.7 Movie Concerts and Showbiz 13.6 39.4 Event Marketing Other Income 200.0 397.2 404.8 403.5 419.5 326.5 335.2 - 11.8% 7.7% 1Q2012 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 6M2013 10.5% 5.4% 944.9 3.4% 976.7 111.3 75.2 51.3 102.8 76.6% 77.3% 723.8 754.7 6M2012 6M2013 6M2012 6M2013 4 TELEVISION PRODUCTION Revenue from TV Program Production Total TV Free TV Satellite TV Utilization 1Q 1Q 1Q Revenue GPM %GPM Revenue GPM %GPM Rev. GPM GPM% 10.1% 68% 2.7% 63% 189% 400.0 60.0% 350.0 50.0% 51.0% 400.0 80.0% 300.0 350.0 70.0% 40.0% 250.0 40.9% 300.0 52.4% 60.0% 50.0 20% 200.0 30.0% 250.0 48.1% 50.0% 16% 39.4 374.6 200.0 40.0% 40.0 10% 150.0 20.0% 340.1 150.0 30.0% 30.0 0% 100.0 326.5 335.2 100.0 20.0% 20.0 -10% 173.4 153.2 10.0% 13.6 50.0 50.0 161.2 10.0% 171.1 10.0 -21.7 -20% 2.2 - 0.0% - 0.0% - -30% -10.0 -40% 1Q 2012 1Q 2013 1Q 2012 1Q 2013 -20.0 1Q 12 1Q 13 -55% -50% -30.0 -60% Note : GPM in 1Q is adjusted by company for comparison 2Q 2Q 2Q 5.6% 11% 600.0 80.0% 67.9% 86% 77% 70.0% 482.9 500.0 434.9 450.0 60.0% 60.0% 400.0 400.0 56.5% 58.0% 39.3% 50.0% 350.0 57.4% 70.0 63.3 80% 300.0 56.0% 300.0 40.0% 60.0 70% 250.0 52.5% 50.0 419.5 54.0% 30.0% 60% 37.7 200.0 397.2 200.0 40.0 50% 150.0 52.0% 20.0% 227.8 30.0 48% 245.7 100.0 100.0 20.0 40% 50.0% 189.8 10.0% 220.1 50.0 10.0 18.0 -16.7 30% - 0.0% - 48.0% - 20% -10.0 10% 2Q 2012 2Q 2013 2Q 2012 2Q 2013 -20.0 2Q 12 2Q 13 5 -30.0 0% TELEVISION PRODUCTION : JAN - JUN Revenue from TV Program Production Free TV Unit : MB 1,000.0 80.0% Revenue GPM %GPM Utilization 10.6% Unit : MB 900.0 77% 4.3% 70% 70.0% 857.5 800.0 775.0 800.0 56.0% 700.0 55.0% 60.0% 55.1% 600.0 50.5% 54.0% 500.0 53.0% 700.0 400.0 754.7 52.0% 723.8 54.1% 300.0 51.0% 200.0 50.0% 50.0% 399.0 381.3 100.0 49.0% 600.0 - 48.0% 6M 2012 6M 2013 500.0 40.0% 40.0% 419.0 400.0 Satellite TV 30.0% Unit : MB 343.0 300.0 100.4% 20.0% 120.0 50.0% 200.0 40.0% 100.0 39.2% 30.0% 80.0 10.0% 20.0% 60.0 100.0 10.0% 40.0 102.8 0.0% 20.0 20.1 -10.0% 51.3 (38.3) - 0.0% - -20.0% (20.0) 6M 2012 6M 2013 6M 2012 6M 2013 -30.0% (40.0) -40.0% (60.0) -50.0% Revenue GPM %GPM -37.3% 6 TELEVISION PRODUCTION : FREE TV nd Programs Arrangement in 2 Half of 2013 June 13 Jul 13 Aug 13 Sep 13 Oct 13 Air-time Based Mixed Sponsor & Air-time Air-time Based Mixed Sponsor & Air-time Air-time Based Volleyball 7 TELEVISION PRODUCTION : FREE TV CARABAO THE BAND Volleyball THE SERIES CH. 9 CH. 3 CH. 9 Re-run : WP TV Re-run : WP TV, CH .6 Wed. 20.30-21.30 Sat. 15.00-16.00 Start 4-8 Sep 2013 Start 28 Aug 2013 Start Oct 2013 Variety, Drama Series Sport Event Band Competition 8 9 TELEVISION PRODUCTION : FREE TV 10 10 TheBand www.TheBandThailand.com 11 TELEVISION PRODUCTION : FREE TV 3 Year Contact for World Championship & World Cup Group A Group B JAPAN CHINA World Rank (3) World Rank (5) THAILAND SOUTH KOREA World Rank (12) World Rank (11) TAIPEI KAZAKHSTAN World Rank (28) World Rank (30) VIETNAM NEWZEALAND 2014 FIVB Women's Volleyball World Championship World Rank (93) World Rank (71) qualification(AVC) AUSTRALIA INDIA 4-8 Sep 2013 @ Japan World Rank (103) World Rank (103) 12 TELEVISION PRODUCTION : SATELLITE TV Ranking from past 3 months No. May-13 No. Jun-13 No. Jul-13 1 CH6 1 CH6 1 CH6 2 CH 8 2 CH 8 2 CH 8 3 WORKPOINT TV 3 WORKPOINT TV 3 WORKPOINT TV 4 MIRACLE 4 MIRACLE 4 MIRACLE 5 SARANAIR CHANNEL 5 SARANAIR CHANNEL 5 40-50 CHANNEL 6 STAR MAX CHANNEL 6 40-50 CHANNEL 6 STAR MAX CHANNEL 7 ZAA NETWORK 7 ZAA NETWORK 7 ZAA NETWORK 8 GREEN 8 GREEN 8 SARANAIR CHANNEL 9 40-50 CHANNEL 9 STAR MAX CHANNEL 9 S CHANNEL 10 ONE 10 SUN CHANNEL 10 SUN CHANNEL Source : AC Nielsen (Ranking By Type : All 4+ , Prime Time : Mon-Sun 18:30-22:30) No. May-13 No. Jun-13 No. Jul-13 1 CH-3 1 CH-3 1 CH-3 2 CH-7 2 CH-7 2 CH-7 3 CH-6 3 CH-6 3 CH-6 4 CH-9 4 CH-9 4 CH-9 5 CH-5 5 CH-5 5 CH-5 6 ASIA UPDATE 6 ASIA UPDATE 6 MEDIA NEWS 7 WORKPOINT TV 7 MEDIA NEWS 7 WORKPOINT TV 8 GANG CARTOON 8 WORKPOINT TV 8 ASIA UPDATE 9 SABAIDEE TV 9 CH-8 9 CH-8 10 CH-8 10 SABAIDEE TV 10 SABAIDEE TV 13 Source : PSI Website TELEVISION PRODUCTION : SATELLITE TV Workpoint TV Plan & Performance As at the end of June 2013, Workpoint TV has unrealized revenue based on Ads contacts on hand at the amount of 70 MB. Programs produced by 3rd parties will be re-arranged and replaced by Workpoint TV programs in the past which will lead to cost reduction starting from July onward. Currently, broadcasting through PSI channel 7, True Vision channel 66, True HD channel 77, GMM Z channel 77, Sun box channel 92, and CTH channel 114 14 TELEVISION PRODUCTION : SATELLITE TV Channel 6 Channel 6 • Start to sell Ads. in June 2013 after Test-run in 1Q2013 • As at the end of June 2013, CH6 has unrealized revenue based on Ads contacts on hand at the amount of 12 MB. • Currently, broadcasting through PSI channel 6, True Vision channel 30, True HD channel 45, GMM Z channel 76 Additional costs will be minimal as the programs will be mainly used from contents in stocks. 15 EVENT MARKETING Revenue from Event Marketing Unit : MB 1Q Revenue GPM %GPM Events in Pipeline 70.0 -84.5% 30.0% rd 60.0 28.9% 29.0% . TV Production for 3 Parties 50.0 28.0% 40.0 61.7 25.2% 27.0% 30.0 26.0% 20.0 25.0% 9.6 15.6 10.0 24.0% 2.8 - 23.0% 1Q 2012 1Q 2013 32.1% 2Q13 – 3Q13 3Q13 – 4Q13 3Q13 – 4Q13 70.0 2Q 40.8% 60.0 40.7% 40.6% 50.0 39.9% 40.4% 40.0 40.2% 65.6 30.0 49.6 40.0% 20.0 39.8% . Event Organizer 10.0 20.2 26.2 39.6% - 39.4% • Plan to have at least 5 more big events in 2Q 2012 2Q 2013 3Q13 – 4Q13 6M -32.5% 120.0 40.0% 100.0 38.5% 38.0% 80.0 36.0% 60.0 34.0% 111.3 32.1% 40.0 75.2 32.0% 20.0 30.0% 3Q13 4Q13 28.9 35.8 - 28.0% 6M 2012 6M 2013 16 EVENT MARKETING 17 EVENT MARKETING 18 18 CONCERT &MOVIE Revenue from Concerts and Showbiz Concerts in Pipeline . No Concerts and Showbiz in 6M13 Unit : MB . Plan to have 2 Events in 4Q13 Revenue GPM %GPM -76.2% 14.0 100.0% 90.0% 12.0 80.0% 10.0 87.9% 70.0% 60.0% 8.0 50.0% 6.0 26.6% 13.1 40.0% 3 CHA CARNIWOW 30.0% 4.0 20.0% 2.0 Start 9 Nov 13 – 11 May 14 KHUN PRA CHUA 3.5 3.1 2.7 10.0% - 0.0% 50 Shows throughout Thailand Oct – Nov 13 6M 2012 6M 2013 (8-10 shows in 2013) Revenue from Movies Movies in Pipeline Unit : MB Revenue GPM %GPM .