Opportunity Day March 13, 2020
Disclaimer The information (“Confidential Information”) contained in this presentation is strictly confidential and is provided by JKN Global Media Public Company Limited (the “Company”) to you solely for your reference. This presentation is confidentialand its content may not be copied, reproduced, redistributed, quoted, referred to or otherwise disclosed, in whole or in part, directly or indirectly, to any third party without the prior written consent of the Company. Although care has been taken to ensure that the Confidential Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the Confidential Information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company. None of the Company respective directors makes any representation or warranty (express or implied) regarding, and assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. None of the Company or any of their respective members, directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. This presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for any securities in Thailand or any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. This presentation contains projections and forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and assumptions.
Company overview Financial Highlights Business outlook Q & A
COMPANY OVERVIEW
Company Established with paid-up capital 1 Mil Baht JKN Dramax channel starts operations. Digital TV launched for Thai public. License signed with CNBC (Asia) under American Broadcaster NBC (Universal) Listed in The Market for Alternative Investment (mai) Becomes worldwide distributor of BEC World content JKN CNBC launches operations. Plan to list in the SET (Stock Exchange of Thailand)
A news TV station We are in the We operate as an A television network research and develop broadcast through integrated marketing broadcast through Digital TV, phase of launching a cable/satellite and communications comprehensive cable/satellite, distributor. IPTV systems, financial and online, OTT branded branded as under “JKN-CNBC” investment training “JKN Dramax” institution. and “JKN-News”
Corporate Vision To be Number 1 global content management and distribution company in Thailand and CLMV countries.
FINANCIAL HIGHLIGHTS
Financial Highlight Revenue - YTD ( THBm ) Revenue by segment FY 2019 FY 2018 1% 3% 1% 1% 4% 2% Growth 20% 1,711 1,423 1,156 96% 92% 846 Program right Media Product Other Revenue 457 Total revenue of the company and its 304 subsidiaries increased from the increasing of revenue from program rights. The company continues its acquisition of new content rights in order to support the Total Revenue growth of the business. 2014 2015 2016 2017 2018 2019
Adaptability 1950 - 2010 2011 - 2017 2018 - 2019 Content platform Analog TV Cabsat TV Analog TV Cabsat TV DTT Cabsat TV DTT DVD Cassette Tap DVD Blu-ray CD Blu-ray USB USB Online Online Streaming Streaming Revenue by platforms (THBm) 700 609 600 500 433 383 350 400 297 290 269 266 241 234 300 180 179 163 163 200 128 133 121 106 58 33 100 26 21 24 18 8 11 - - - 5 - - 2 - 0 - 6 - - 2016 2017 2018 2019 Cabsat DTT VOD Home Ancillary Cabsat, Home Cabsat, VOD DTT, Cabsat DTT, Cabsat, VOD DTT, VOD VOD, Home
Revenue by platforms 800 698 700 574 600 458 500 393 385 371 375 400 312 269 264 300 178 180 169 200 58 100 33 18 11 8 - - - - - 2 - DTT, CABSAT (TV Right) CABSAT DTT HOME VOD CINEMA 2016 2017 2018 2019 Unit: Million Baht 2018 % 2019 % Change % DTT, CABSAT (TV Right) 384 29% 178 11% (206) (54%) CABSAT 169 13% 371 23% 202 120% DTT 574 44% 375 23% (199) (35%) HOME 11 1% 18 1% 7 64% VOD 180 14% 698 43% 518 288% CINEMA - - 2 0% 2 100% Total 1,318 1,642 324 25%
Content by Geographic Revenue - Location Revenue - Categories 2018 0% 20% 40% 60% 80% 100% 2018 385MB 82% 9% 9% 933 MB 2019 61% 25% 14% Indian Philippines Other Thailand Export 2019 Backlog การขายคอน 518 Backlog as at MB เทนต์ 278 ล้านบาท 31 Dec 2019 1,124 MB Thailand Export
Financial Highlight Expense by segment Total expense (THBm) FY 2018 FY 2019 1298 74% 78% 18% 23% 1068 1% 3% 830 0% 2% 558 255 232 Program right Media Product SG&A 2014 2015 2016 2017 2018 2019 Expenses Expenses per total revenue The increase in costs resulted from increased amount of rights held by the Company 59% 57% Administrative expense increased from the last year was resulting 55% from the increase in employee cost to support the growth of the business and new business such as news station under the name of 17% JKN CNBC, and the increase in loss on exchange rate of THB 34.88 14% 13% million due to the fact that the Thai Baht value appreciated against US Dollar. Moreover, there is rise of allowance for doubtful Cost of program right SG&A accounts, the Company setup THB 21.13 million for doubtful debts during this year. 2017 2018 2019
Selling & Administrative expenses Selling expense (THBm) Admin expense (THBm) 132 30 26 87 21 49 11 39 35 7 22 5 14 12 0 1 Employee cost Profession fee Loss on exchange Doubtful debts Other Events Marketing AD & PR Other rate 2018 2019 2018 2019 Selling Expense 2018 2019 Change %change Admin expense 2018 2019 Change %Change Employee cost 86.79 131.82 45.03 51.88% Events marketing 20.79 10.57 (10.22) (49.16%) Professional fee 11.53 14.05 2.52 21.86% Advertising & PR 25.70 29.91 4.21 16.38% Loss on exchange rate - 34.88 34.88 100.00% Other 5.22 7.08 1.86 35.63% Provision for doubtful accounts 0.52 21.65 21.13 4,063.46% Total selling expenses 51.71 47.56 (4.15) (8.03%) Other 38.97 48.78 9.81 25.17% Total administrative expenses 137.81 251.18 113.37 82.27%
Financial Highlight Gross profit (THBm) ROA & ROE 800 60.0% 56.7% 41.1% 50.0% 46.9% 50.9% 696 600 37.4% 46.4% 42.3% 40.0% 35.2% 35.2% 525 400 30.0% 488 395 20.0% 200 259 10.0% 15.8% 15.0% 107 12.6% 12.0% 11.7% 11.8% 0 0.0% 7.8% 7.1% 7.0% 2014 2015 2016 2017 2018 2019 Gross profit Gross profit Margin 2014 2015 2016 2017 2018 2019 ROA ROE Net profit (THBm) Gross profit & Gross profit margin 300 35.0% The increase in net profits and net gross profit from last year 30.0% 250 29.2% was due to the rise in revenue from program rights, and most 253 25.0% 200 228 of the cost of program rights is the amortization expenses 19.4% 20.0% 188 150 which is increase rate lower than the growth of income. 16.3% 164 15.0% 16.2% 16.0% ROA & ROE 100 133 14.8% 10.0% The increase of ROE was due to the increase in total revenue 50 5.0% 49 and net profit margin. Although the operating result was 0 0.0% growth, the assets was Sharply increased due to the increase 2014 2015 2016 2017 2018 2019 of AR. Thus, there is no significant change of ROA Net Profit Net profit Margin increase of ROA was due to significant growth in operating lt
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