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Kino Polska TV S.A. Capital Groupbusiness and financial results
3 Q 2014
DISCLAIMER
This presentation (the „Presentation”) has been prepared by Kino Polska TV S.A. (the „Company„, „KPTV”) and is for informational purposes only. Its purpose is to present se-lected data on Kino Polska TV S.A. Capital Group (the „Group”) and its prospects for development. It may not be regarded as part of an invitation or offer to acquire securities or to make investments. This presentation does not constitute or form part of any offer or invitation to conduct other transactions in securities.
The information contained in this Presentation not arising directly from the periodical reports published by companies belonging to Kino Polska TV S.A. Capital Group has not been independently verified, and therefore there is no guarantee that it is complete and fully reflect the actual state. This Presentation contains statements relating to the future. These statements contain the words such as „anticipate”, „intend”, „estimate”, „be”, „expect”, „assess” and words of similar meaning. All statements, other than these relating to historical facts, contained in this Presentation, including, among others, statements regarding the Group’s financial position, its business strategy, plans and objectives of the management boards for future operations (including development plans and objectives relating to the Group’s products and services) are forward-looking statements. Such forward-looking statements are subject to known and unknown risks, are characterized by inherent uncertainties and are subject to other important factors that could cause those actual results or achievements of the Group’s operations would be materially different from any future results, operations or achievements expres-sed directly or implied in these forward-looking statements. These statements are based on numerous assumptions regarding present and future business strategies of the Group and the environment in which it will be operating in the future. The statements contained herein, have been prepared solely as at the Presentation day. The Company expressly waives any duties or obligations to disseminate any updates or revisions of any statements that are contained herein, designed to reflect changes in the Company’s expectations or changes in events, conditions or circumstances on which any such statement has been based, unless the applicable laws require otherwise. The Company hereby reserves that the forward-looking statements are not guarantees of future performances and that its actual financial position, business strategy, plans and objectives of the management boards for future operations may differ materially from these described or implied in such statements contained in this Presentation. Moreover, even if the financial position, business strategy, plans and objectives of management boards for future operations of the Group are consistent with the forward-looking statements in this Presentation, those results or developments may not provide any indication as to the results or events in subsequent periods.The Company undertakes no obligation to publish any updates, changes or corrections of information, data or statements contained in this Presentation, unless such an obligation is provided by applicable laws.
The Group is not responsible for the results of the decisions which were taken after reading of this Presentation. The only reliable source on the financial results of Kino Polska TV S.A. Capital Group are current and periodic reports, submitted by the companies of Kino Polska TV S.A Capital Group in performing its information obligations arising under relevant Polish laws.
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Much more premium content Best quality – 4k
Additional benefits Available anywhere, any screen
SEGMENT: PREMIUM
GOAL: PRODUCT IMPROVEMENT
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FILMBOX UNIVERSE
Premium package is changing into an all-inclusive
product
ad-free, premium TV
multi-screen and interactive entertainment service
VOD library (more than1000 movies and TV streaming)
Access to much wider content (sport, fashion, music,games and more)
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TOP CONTENTFROM THE TOP PRODUCERS
We have already started rebranding in the Czech Republic and Slovakia.
NEW DEALS FOR TOP CONTENT:
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anywhere,any screenWe are following the newest technology & marketing trends and reaching Internet audience worldwide.
North & South America
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Premium package was launched in Macedonia
FBL app was bundled with Premium Package on Skylink After TV advertising campaign in CZ/SK there are visible positive outcomes New advertising campaign is being launched with UPC (CZ/SK)
Worldwide sale
LOCAL LANGUAGE VERSIONS
The Balkans (changed)
The Russian-speaking markets(upcoming)
Middle East and Africa
NEW SALESPLANSThe Balkans
Brazil(those channels are bundled with premium package where possible)
We have also started negotiationswith platforms / operators in Estonia.
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The newsales- increasing tools
Motivation systems for sales teams
Loyalty system for subscribers
Promotional periods for newcomers
Top content positions advertising campaigns
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SEGMENT:BASIC AND EXTENDED BASIC
MAIN GOAL:Maximization of profit from subscription and advertising by:
Increasing technical coverage Higher financial efficiency
in co-operation with the operators Clear&easy marketing message,
which results in sales growth
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KINO POLSKAKino Polska won the Tytanowe Oko Award for the Best Programming Series
Next year starts massive media campaign, including:
Open air cinema shows
Prestigious events with celebrities of Polish cinema
Competitions for young talents
120th YEARS OF POLISH CINEMAYEAR OF KINO POLSKA BRAND
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2015
KINO POLSKA MUZYKAWe are refreshing our look! Focus on the most popular hits of golden 80’s and 90’s and the hottest artists of today
Switching music videos to 16:9 New, interactive programming solutions
Intensive cross-promotion with radio stations, fan magazines, Internet portals and bloggers
New Programming Director – Rafał Freyer (experienced music director of Radio Zet and Radiostacja) – by programming changes in the daily grid improved ATS ratio to: 15% in October and to 30% in November.
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ATS ratio growth!
FILMBOX (basic) REBRANDING
GOAL:DISTINGUISH FILMBOXAND FILMBOX PREMIUMMisleading these products may have an adverse influence on the sales results. The idea of rebranding has arisen in the course of sales conversations with decision makers representing the main operators.
REBRANDING BENEFITS: Higher lever of financial efficiency
in co-operation with the operators
Clear&easy marketing message, resulting in sales growth
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WORLDWIDESALESLaunched in 19 countrieson 6 platforms this year!
Nigeria West Africa Sub-Region (14 countries) Bulgaria Tanzania Seychelles Ukraine
Both channels are bundled with premium package where possible.
FilmBox Arthouse channel is answering the hot trend of watching valuable cinema. Most of the films belong to the canon of worldwide masterpieces ever.
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Africa and Ukraine:great possibilities Africa pay-TV numbers to double by 2020
68 million TV households in the region by 2020 (20 million from 2013)
Pay-TV subscribers are expected to more than double by 2020 to 25.65 million
Satellite numbers are expected to grow to 14.34 million
Pay TV revenues will reach $5.35 billion in 2020 (up by 69%)
Ukraine is – after Russia - the second largest TV market in the CIS region:
16.2 million television households and 24 million television sets in use
3.2 million pay TV subscribers in Ukraine’s 33 largest cities
With more than 20% penetration, satellite is the leading infrastructure of choice for digital TV reception in Ukraine, with 86 percent of 4.3 million digital households being satellite homes.
AFRICA
UKRAINE
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FILMBOX ARTHOUSEanywhere, any screen Germany and NorwayMAGINE TV platform (cloud-based service for smartphone, tablet, Smart TV or the web)
North & South AmericaApollo TV platform (serves ethnic households and targeted markets)
Other platforms: WorldRelay Tuner for iOS FilmBox Live apps on major Smart TV p latforms, PlayStation and XBOX game consoles
SMART TVWEB15
The Russian-speaking markets:
Middle East and Africa (Arabic):
The Balkans:
New, local languageversions
Upcoming markets
The Balkans:
Brazil:
We have also started negotiationswith platforms / operators in Estonia.
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Why ourB2B sales Goalswere possible to achieve?
We have sales representatives working in 19 countries. 10 times a year they are presenting our offer on worldwide branch events.
Each event means more than 50 personal meetings with decision makers.
During exhibitions, our promotion materials are visible to more than 100 000 professionals.
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SEGMENT: DTT
Stopklatka TV is one of the top 3 movie channels in Poland and the 5th ‘most interesting terrestrial channel in Poland’, right after the Big Four (source: Cyfrowizja, DTT report by the media house MEC).
Content from majors and independents, premiere series (2014’s The Musketeers), original programming Developing HbbTV and second-screen solutions
Synergies with the movie website Stopklatka.pl and the Agora media conglomerate
Crucial milestone: 1% monthly share in the commercial audience (age 16-49)
3Q 2014: 0.9% share in the commercial audience
3Q 2014: 2.23% share in the commercial DTT-only audience
AMRs of top content up to 355,000 (total audience)
Technical reach exceeding 90% of population
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thank you!
SUMMARY OF CONSOLIDATED FINANCIAL RESULTS OF KINO POLSKA TV S.A. CAPITAL GROUP
(9 MONThs ENDED 30.09.2014)
DISCLAIMER
This presentation (the „Presentation”) has been prepared by Kino Polska TV S.A. (the „Company„, „KPTV”) and is for informational purposes only. Its purpose is to present se-lected data on Kino Polska TV S.A. Capital Group (the „Group”) and its prospects for development. It may not be regarded as part of an invitation or offer to acquire securities or to make investments. This presentation does not constitute or form part of any offer or invitation to conduct other transactions in securities.The information contained in this Presentation not arising directly from the periodical reports published by companies belonging to Kino Polska TV S.A. Capital Group has not been independently verified, and therefore there is no guarantee that it is complete and fully reflect the actual state. This Presentation contains statements relating to the future. These statements contain the words such as „anticipate”, „intend”, „estimate”, „be”, „expect”, „assess” and words of similar meaning. All statements, other than these relating to historical facts, contained in this Presentation, including, among others, statements regarding the Group’s financial position, its business strategy, plans and objectives of the management boards for future operations (including development plans and objectives relating to the Group’s products and services) are forward-looking statements. Such forward-looking statements are subject to known and unknown risks, are characterized by inherent uncertainties and are subject to other important factors that could cause those actual results or achievements of the Group’s operations would be materially different from any future results, operations or achievements expres-sed directly or implied in these forward-looking statements. These statements are based on numerous assumptions regarding present and future business strategies of the Group and the environment in which it will be operating in the future. The statements contained herein, have been prepared solely as at the Presentation day. The Company expressly waives any duties or obligations to disseminate any updates or revisions of any statements that are contained herein, designed to reflect changes in the Company’s expectations or changes in events, conditions or circumstances on which any such statement has been based, unless the applicable laws require otherwise. The Company hereby reserves that the forward-looking statements are not guarantees of future performances and that its actual financial position, business strategy, plans and objectives of the management boards for future operations may differ materially from these described or implied in such statements contained in this Presentation. Moreover, even if the financial position, business strategy, plans and objectives of management boards for future operations of the Group are consistent with the forward-looking statements in this Presentation, those results or developments may not provide any indication as to the results or events in subsequent periods.The Company undertakes no obligation to publish any updates, changes or corrections of information, data or statements contained in this Presentation, unless such an obligation is provided by applicable laws.The Group is not responsible for the results of the decisions which were taken after reading of this Presentation. The only reliable source on the financial results of Kino Polska TV S.A. Capital Group are current and periodic reports, submitted by the companies of Kino Polska TV S.A Capital Group in performing its information obligations arising under relevant Polish laws.
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FINANCIAL HIGHLIGHTS
• EBITDA increased by 26% to 26 480k PLN
• TV broadcast revenue increased by 35% to 45 318k PLN
• Advertising revenues increased by 30% to 15 278k PLN
• Closing balance of cash reached 16 774k PLN
• EBITDA forecast for 2014 is 42 million PLN
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EBITDA
+ 26%
21 013
26 480
EBITDA
EBITDA 3 Q 2013 (CUMULATIVELY) EBITDA 3 Q 2014 (CUMULATIVELY)
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(in thousands PLN)
REVENUE
tv broadcast revenue advertising revenue
+ 35% + 30%
21 247
2 166 2 480
33 736
12 330
9 582 12 798
11 58233 57711 748
15 27845 318
3 Q 2013
KINO POLSKA CHANNELS FILMBOX MOVIE CHANNELS AND THEMATIC CHANNELS
3 Q 20133 Q 2014 3 Q 2014
5(in thousands PLN) (in thousands PLN)
cumulatively cumulatively cumulatively cumulatively
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CASH FLOW HIGHLIGHTS
9 months ended 30.09.2014
9 months ended 30.09.2013
Net cash flows from operating activities 33 682 24 418
Cash flows from investing activities (26 763) (1 278)
Net cash from financing activities (5 117) (13 258)
Cash opening balance 14 956 7 112
Closing balance of cash 16 774 16 998
(in thousands PLN)
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BALANCE SHEET HIGHLIGHTS
as at 30.09.2014 As at 31.12.2013
ASSETS
Non-current assets 89 345 69 154
Current assets, include:-cash and cash equivalents
47 35016 774
62 36214 956
TOTAL ASSETS 136 695 131 516
EQUITY AND LIABILITIES
Total equity 110 296 73 330
Non-current liabilities, include:-borrowings
3 753169
14 001228
Current liabilities, include:-borrowings
22 6462 979
44 1857 042
TOTAL EQUITY AND LIABILITIES 136 695 131 516
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(in thousands PLN)
NUMBER OF ACTIVE SUBSCRIBERS
POLAND ChangesNumber of active subscribers as at
30.09.2014
Number of active subscribers as at
30.09.2013
Kino polska 2% 8 283 8 143
Kino Polska Muzyka
221% 6 162 1 917
filmbox basic 9% 5 331 4 888
Filmbox premium package
14% 1 933 1 696
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(in thousands)
NUMBER OF ACTIVE SUBSCRIBERS
HUNGARY ChangesNumber of active subscribers as at
30.09.2014
Number of active subscribers as at
30.09.2013
filmbox 2% 1 332 1 304
filmbox plus 91% 63 33
filmbox extra - 34 34
filmbox extra 1* - - 43
filmbox family 2% 45 44
filmbox hd 20% 24 20
fb arthouse 100% 1 -
*FilmBox Extra 1 was rebranded into FilmBox Plus
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(in thousands)
NUMBER OF ACTIVE SUBSCRIBERS
SLOVAKIA ChangesNumber of active subscribers as at
30.09.2014
Number of active subscribers as at
30.09.2013
filmbox 12% 350 313
filmbox plus 90% 38 20
filmbox extra 50% 27 18
filmbox family 56% 28 18
filmbox hd 111% 40 19
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(in thousands)
NUMBER OF ACTIVE SUBSCRIBERS
CZECH ChangesNumber of active subscribers as at
30.09.2014
Number of active subscribers as at
30.09.2013
filmbox 4% 850 890
filmbox plus 6% 618 660
filmbox extra 12% 19 17
filmbox family 35% 23 17
filmbox hd 8% 288 266
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(in thousands)
NUMBER OF ACTIVE SUBSCRIBERS
ROMANIA ChangesNumber of active subscribers as at
30.09.2014
Number of active subscribers as at
30.09.2013
filmbox 15% 954 831
filmbox plus - 70 -
filmbox extra 1* - - 86
filmbox family 20% 67 84
filmbox hd 144% 78 32
*FilmBox Extra 1 was rebranded into FilmBox Plus
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(in thousands)
Planned MERGER OF „KINO POLSKA TV” S.A.WITH THE SUBSIDIARY – KINO POLSKA PROGRAM TV SP. Z O.O.
On 31 October 2014 a decision was made on a planned merger (the “Merger”) of Kino Polska TV S.A. (the “Acquiring Company”) with its subsidiary - Kino Polska Program TV Spółka z ograniczoną odpowiedzialnością (the “Acquired Company”) formerly known as Kino Polska Program Spółka z ograniczoną odpowiedzialnością S.K.A., jointly referred to as the “Companies”.
The aim of the Merger is to simplify the structures of Kino Polska TV S.A. Capital Group (hereinafter referred to as the “Group”) as part of its business economic operations in Poland and to obtain operational and cost synergies. It is expected that the Merger will bring a number of operational benefits and financial savings, including:
- Strengthening of the market, financial and negotiation position towards suppliers of Kino Polska TV S.A. by creating a unified strong business entity whose principal activity is the broadcast and production of television channel,
- Accumulation of marketing activities in the parent entity of the Group i.e. in Kino Polska TV S.A, as well as the centralization of the functions currently implemented by two separate entities and delivering of a consistent marketing message,
- Ensuring the consolidation of the assets of the merging Companies, including fixed assets, inventories, materials, and expertise (know-how),
- Simplification of the organizational structure and the way of operation of the Group and hence the increase in the efficiency of its operations, simplification of the flow, reduction of the amount of paperwork, the elimination of mutual settlements of the merging Companies,
- Financial savings in the administrative and organizational area, thereby reducing operating costs due to the simplification of the structure of the Group.
The Extraordinary General Shareholders’ Meeting of Kino Polska TV S.A. concerning this Merger was convened on 9 December 2014.
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THANK YOUFOR YOUR ATTENTION
Number of active subscribersas at 30.06.2014 and 30.06.2013
DISCLAIMER
This presentation (the „Presentation”) has been prepared by Kino Polska TV S.A. (the „Company„, „KPTV”) and is for informational purposes only. Its purpose is to present se-lected data on Kino Polska TV S.A. Capital Group (the „Group”) and its prospects for development. It may not be regarded as part of an invitation or offer to acquire securities or to make investments. This presentation does not constitute or form part of any offer or invitation to conduct other transactions in securities.The information contained in this Presentation not arising directly from the periodical reports published by companies belonging to Kino Polska TV S.A. Capital Group has not been independently verified, and therefore there is no guarantee that it is complete and fully reflect the actual state. This Presentation contains statements relating to the future. These statements contain the words such as „anticipate”, „intend”, „estimate”, „be”, „expect”, „assess” and words of similar meaning. All statements, other than these relating to historical facts, contained in this Presentation, including, among others, statements regarding the Group’s financial position, its business strategy, plans and objectives of the management boards for future operations (including development plans and objectives relating to the Group’s products and services) are forward-looking statements. Such forward-looking statements are subject to known and unknown risks, are characterized by inherent uncertainties and are subject to other important factors that could cause those actual results or achievements of the Group’s operations would be materially different from any future results, operations or achievements expres-sed directly or implied in these forward-looking statements. These statements are based on numerous assumptions regarding present and future business strategies of the Group and the environment in which it will be operating in the future. The statements contained herein, have been prepared solely as at the Presentation day. The Company expressly waives any duties or obligations to disseminate any updates or revisions of any statements that are contained herein, designed to reflect changes in the Company’s expectations or changes in events, conditions or circumstances on which any such statement has been based, unless the applicable laws require otherwise. The Company hereby reserves that the forward-looking statements are not guarantees of future performances and that its actual financial position, business strategy, plans and objectives of the management boards for future operations may differ materially from these described or implied in such statements contained in this Presentation. Moreover, even if the financial position, business strategy, plans and objectives of management boards for future operations of the Group are consistent with the forward-looking statements in this Presentation, those results or developments may not provide any indication as to the results or events in subsequent periods.The Company undertakes no obligation to publish any updates, changes or corrections of information, data or statements contained in this Presentation, unless such an obligation is provided by applicable laws.The Group is not responsible for the results of the decisions which were taken after reading of this Presentation. The only reliable source on the financial results of Kino Polska TV S.A. Capital Group are current and periodic reports, submitted by the companies of Kino Polska TV S.A Capital Group in performing its information obligations arising under relevant Polish laws.
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Number of active subscribers
POLAND Changes As at 30.06.2014 As at 30.06.2013
Kino polska 1% 8 215 8 143
Kino Polska Muzyka
211% 5 965 1 917
filmbox basic 6% 5 201 4 888
Filmbox premium package
4% 1 771 1 696
(in thousands)
3
Number of active subscribers
HUNGARY Changes As at 30.06.2014 As at 30.06.2013
filmbox 4% 1 322 1 269
filmbox plus 106% 66 32
filmbox extra 3% 36 35
filmbox extra 1* - - 44
filmbox family 2% 45 44
filmbox hd 15% 23 20
fb arthouse 100% 2 -
*FilmBox Extra 1 was rebranded into FilmBox Plus (in thousands)
4
Number of active subscribers
SLOVAKIA Changes As at 30.06.2014 As at 30.06.2013
filmbox 15% 342 297
filmbox plus 147% 37 15
filmbox extra 115% 28 13
filmbox family 123% 29 13
filmbox hd 215% 41 13
(in thousands)*FilmBox Extra 1 was rebranded into FilmBox Plus
5
Number of active subscribers
CZECH Changes As at 30.06.2014 As at 30.06.2013
filmbox 3% 870 899
filmbox plus 4% 637 662
filmbox extra 6% 17 18
filmbox family 17% 21 18
filmbox hd 3% 279 272
(in thousands)
6
Number of active subscribers
ROMANIA Changes As at 30.06.2014 As at 30.06.2013
filmbox 25% 980 781
filmbox plus - 75 -
filmbox extra 1* - - 91
filmbox family 19% 72 89
filmbox hd - 28 28
*FilmBox Extra 1 was rebranded into FilmBox Plus (in thousands)
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