financial results of 2013 - listed...
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Financial Results of 2013 February 27, 2014
2013 results outlook
Overall TV
2
5,985 +0.8%
3,484 -1.0%
Total Advertising Expenditure increased 1% compare to 2012
• TV Adex increased 1.7% • Radio Adex decreased 0.6%
Premier League live broadcasting
• Rating increased from previous program 130% with 95 million Baht of revenue
Gain 805 million Baht revenue from government and private agencies projects
Increased revenue from Non-broadcast business
• Revamp TV programs on January and July
• Advertising sale revenue decreased 17%
• Revenue from government agencies projects increased 75%
• Revenue from News programs increased 16%
New media
338 -0.8%
• Thirteen satellite channels in C-band system (own operate 2 channels)
Radio
958 +1.6%
• Special events for sales promotion
• Revenue from regional stations increased 4%
Revenue from Government agencies’ projects increased for
2013 highlights
Digital Terrestrial Network Provider License
Digital Terrestrial Content License
3
MCOT won the auction for Digital Terrestrial Television Broadcasting service on national level in Variety High-Definition (HD) and Standard-Definition Kids & Family categories on 26th and 27th December, 2013.
Channel Channel
14 30 Kids & Family SD Variety HD
+75% YoY
MCOT have been granted Digital Terrestrial Network License in July, 2013. With 15 years term for each license.
Financial performance
5,939
3,620
1,768
5,985
4,061
1,528
Revenue Expense Profit for theperiod
2012 2013
Unit: THB mn
1,569
925
515
1,489
1,069
331
Revenue Expense Profit for the period
Q4-12 Q4-13
1,579
1,107
376
1,489
1,069
331
Revenue Expense Profit for the period
Q3-13 Q4-13
Unit: THB mn
4
OVERALL YOY
QOQ Unit: THB mn
Revenue in all segments
2,639 3,018
3,513 3,238 3,519 3,484
17 158
340 338
806
833
899 855
942 957
908
1014
927 1062
1137 1206
2008 2009 2010 2011 2012 2013 TV New Media Radio JV & Others
914 875
92 79
267 267
296 268
Q4-12 Q4-13
1,569 1,489
976 875
89 79
248 267
266 268
Q3-13 Q4-13
1,579 1,489
5
Unit: THB mn Unit: THB mn REVENUE HISTORICAL YOY
QOQ Unit: THB mn
4,353
4,865
5,356 5,313
5,939 5,985
2,639
3,018
3,513
3,238
3,519 3,484
17 158
341 338
2008 2009 2010 2011 2012 2013
TV New Media
TV & New Media revenue
914 875
93 79
Q4-12 Q4-13
TV New Media
1,007 954
976 875
89 79
Q3-13 Q4-13
TV New Media
1,065 954
6
REVENUE HISTORICAL Unit: THB mn YOY
QOQ Unit: THB mn
Unit: THB mn
Radio revenue
7
806
833
899
855
942 957
2008 2009 2010 2011 2012 2013
Q4-12 Q4-13
267 267
Q3-13 Q4-13
248 267
REVENUE HISTORICAL Unit: THB mn YOY
QOQ Unit: THB mn
Unit: THB mn
Cost structure
1,647 1,737
2,018 2,068 2,032
2,613
104 110 117 123 127 128
946 1,140 1,163
1,075 1,186
1,320
2,697 2,987
3,298 3,266
3,615
4,061
2008 2009 2010 2011 2012 2013
TV & New Media & Radio Joint Operation & Others
SG&A Total
564 711
30
33 331
324
Q4-12 Q4-13
925 1,068
725 711
32 33
350 324
Q3-13 Q4-13
1,107 1,068
8
COST HISTORICAL Unit: THB mn YOY
QOQ Unit: THB mn
Unit: THB mn
377 331
-0.6 -0.2 Q3-13 Q4-13
Owners of the parent Non-controlling interests
514
331
1.7
-0.2 Q4-12 Q4-13
Owners of the parent Non-controlling interests
Profit for the period
515
331
376 331
9
PROFIT HISTORICAL Unit: THB mn YOY
QOQ Unit: THB mn
Unit: THB mn
1,230
1,393 1,446
1,376
1,772
1,528
2008 2009 2010 2011 2012 2013
0.75 0.75 0.80 1.00 1.00 1.00
0.85 1.05 1.10
1.00 1.30
1.11
89% 89% 92% 101%
90% 95%
0%
20%
40%
60%
80%
100%
120%
0.00
0.50
1.00
1.50
2.00
2.50
2008 2009 2010 2011 2012 2013
Payo
ut
Rat
io
Div
iden
d B
aht/
shar
e
Dividend (1st half) Dividend (2nd half) Payout Ratio
EPS and Dividend
10
Dividend Policy: Not less than 40% of Net Profit
EPS
1.79 2.02 2.07 1.97 2.56 2.22
6.7%
7.8%
6.2%
7.0%
4.9%
6.9%
2%
4%
6%
8%
10%
2008 2009 2010 2011 2012 2013
MCOT Dividend Yield
MCOT Dividend Yield
11
1.79 2.02 2.07 1.97 2.56 2.22
EPS
Last Trade on Feb 25, 2014 = 30.50 Baht
Financial position
11,248
3,209
8,039
Asset Liabilities & Shareholders'Equity
Asset Liabilities Shareholders' Equity
11,168
3,208
7,960
Asset Liabilities & Shareholders'Equity
Asset Liabilities Shareholders' Equity
12
2012 Unit: THB mn 2013 Unit: THB mn
Digital Terrestrial Broadcasting
Broadcasting timeline
New Digital Channels
Analogue Channels
DIGITAL SYSTEM
ANALOGUE SYSTEM
Analogue Channels
April, 2014 June, 2014
Continue broadcasting
2018
End of concession
Simulcast
Simulcast
Continue simulcast automatically
Have to submit for Simulcast License
Channel 5, 9, 11, TPBS
Channel 3
2020
Channel 7
Channel 5, 11, TPBS
Channel 3
Channel 7
Channel 9
End of concession
End of concession
End of concession
NBTC’s terminate broadcasting period
NBTC’s terminate broadcasting period
NBTC’s terminate broadcasting period
14
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