VGI Global Media PCL VGI General Presentation & 1Q 2016/17 Earnings Update October 2016 Prepared by Investor Relations Department VGI Global Media Plc
Disclaimer Investment involves risk. Prospective should understand the characteristics of Securities and study information about VGI Global Media Public Company Limited (“VGI” or the “Company”) before making a decision to invest in Securities. This Presentation is not intended to provide the basis for any investment decision, nor to substitute your own analysis and investigation, and should not be considered as a recommendation to any recipient of this Presentation. Some statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to the Company’s corporate plans, strategies and beliefs and other statement that are not historical facts. These statement can be identified by the use of forward-looking terminology such as “may”, “will”, “expect” , “intend”, “estimate”, “continue”, “plan” or other similar words. The statements are based on the assumptions and beliefs of the Company’s management in light of the information currently available to the Company. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this Presentation is, or should be, relied on as promise or representation of the Company as to the future. Prepared by Investor Relations Department 2 VGI Global Media Plc
Agenda Section 1 4 Company Overview Section 2 Thai Media Market Overview 8 Section 3 Business Profile Section 3.1 BTS-related Media 10 Section 3.2 Office Building Media 17 Section 3.3 Other Media 20 Section 4 28 Financial Information & 1Q 2016/17 Performance and Business update Section 5 Organisation and Company Structure 36 Appendices Prepared by Investor Relations Department 3 VGI Global Media Plc
Company Overview Key Milestone 1995 2009/10 2013/14 2015/16 • • Established under the name BTSC becomes major Jul 2013 Mar 2015 • • Global Technologies and shareholder of VGI VGI was included as a Announced our intention to • Telecom Co.,Ltd .and changed VGI acquired POV, whose constituent member of SET evolve in “Nationwide its name to VGI Global Media business is providing 100 Index Integrated Media Platform” Co.,Ltd. in December 1998 advertising service across Jan 2014 May 2015 • • premiere office building in VGI was included as a Received right to manage Bangkok CBD constituent member of SET advertising space on 7 • VGI granted the right to 50 Index extensions (On-nut – Bearing manage advertising area on the and Krungthon Buri- BRT for approximately 7 years Wongwan Yai from 2015-2029 • 1999 2014/15 Entered into aviation media by investing in Aero Media 2011/12 • May 2014 Commencement of 20% of its total shares • Entered into outdoor media advertising management and • • VGI granted initial “Advertising Terminated Modern Trade by investing in MACO operations of 23 BTS core Display Concession Agreement” media business 24.96% of its total shares network stations and all trains in “Sales floor” from Tesco Nov 2015 July 2014 under and exclusive license by • Lotus and Big C Granted right to manage • Selected to be the “Best BTSC which will be expired in advertising for Artista Media under a Billion” of small and December 2029 across 219 residential midsize listed companies by buildings 2012/13 forbes 2014 • Amended “License to Manage 2003 - 2005 2016/17 Marketing Services Agreement” May 2016 • with BTSC VGI granted initial • • VGI was successfully listed on SET Increased stake in MACO to “Advertising Display in Oct 2012 37.42% Concession Agreement” from ; • Aug 2016 BSS was established in 2012 to 2003: Watsons • VGI announced to acquire operate Rabbit Card business 2004: Tesco Lotus (non-Sales fl.) 90% in BSS and 90% in BSSH* with exclusive rights from BTS sky 2005: Big C (non-Sales fl.) • train network and BRT Increased stake in Aero Media to 30% Prepared by Investor Relations Department Section 1: Company Overview 4 *Transaction is subject to EGM, which will be held on 7 November 2016. VGI Global Media Plc
Company Overview At a glance SHAREHOLDING STRUCTURE (as of September 2016) DIVIDEND INFORMATION 1,500 4.0% Kanjanapas Family BTSG’s Minorities 2.7% 2.7% 2.5% 3.0% 59.0% Dividend Policy: 41.0% 1,000 Not less than 50% of net profit. 1,053 1,033 2.0% BTSC’s 755 BTSG 500 Minorities 1.0% Payout Ratio 97.5% 2.5% 13/14 14/15 15/16 - 0.0% 93% 123% 85% 2013/14 2014/15 2015/16 0.1% Kanjanapas BTSC Public Family Dividend (THB mn) Dividend Yield (%) 0.5% 51.0% 29.2% Note: • Dividend yield is calculated using VGI closing share price one day before the date of BOD meeting approving the relevant dividend. • 2013/14 and 2014/15 interim dividend included stock dividend (at par value) of 25:1 and 1:1, respectively. • 2015/16 dividend yield per share is calculated from share price one day before AGM on 6 July 2015 19.4% TOP 10 SHAREHOLDERS (based on latest close book) SHARE PRICE MOVEMENT (as of 30 SEPTEMBER 2016) % September 16 (THB) (THB mn) 1 BTSC 51.0% VGI TURNOVER (RHS) SET Index (rebased) VGI TB 8.0 2,500.0 2 BTSG 19.4% 3 BANGKOK BANK 3.5% 7.0 2,000.0 4 THAI NVDR 2.7% 6.0 5.55 5 STATE STREET BANK EUROPE LIMITED 2.0% 5.0 1,500.0 6 NORTRUST NOMINEES LIMITED 1.8% 4.0 MR. NARES NGAMAPHICHON 1.8% 7 1,000.0 3.0 8 N.C.B. TRUST LIMITED-NORGES BANK 1.7% CHASE NOMINEES LIMITED 1.3% 9 2.0 500.0 10 KRUNGSRI LONG TERM DIVIDEND FUND 0.7% ADTV = THB 137mn 1.0 TOTAL TOP 10 SHAREHOLDERS 85.9% - - TOTAL ISSUED SHARES (mn shares) 6,864,332,902 12-Oct-12 12-Oct-13 12-Oct-14 12-Oct-15 Prepared by Investor Relations Department Section 1: Company Overview 5 VGI Global Media Plc
Company Overview 3 Active Business Units HISTORICAL OPERATING REVENUE (THB mn) REVENUE CONTRIB. GROSS PROFIT CONTRIB. BTS-related Media This business unit proved to be the most resilient 5 YRS CAGR: +14.2% performer in our business portfolio. The Company 61% 84% 2014/15 2014/15 1,805 1,813 1,679 possess exclusive rights to manage advertising space 1,422 on BTS SkyTrain Network, which expires in 2029 and 1,143 934 86% 95% has right of refusal for Core Network and new 2015/16 2015/16 extension lines that BTS secures post 2029. Altogether, we manage advertising space across 30 stations & all BTS trains. BTS-related Media has one of the highest viewer exposure in OOH Media with an 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 average of 720,155 viewers per day in 2015/16. Office Building Media 45 YRS CAGR: +21.6% We initiated this business unit back in 2009 by 5% 7% 2014/15 2014/15 acquiring POV with 41 grade A buildings in the 201 portfolio. Today, we have expanded our media across 163 143 146 142 office buildings with approximately 700,000 10% 9% 2015/16 2015/16 viewers per day. Moreover, VGI has tapped into 79 76 condominium network through ARTISTA covering more than 219 condominiums making us the largest media company to provide advertising across 354 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 buildings with over 1,693 digital screens. Other Media 4 YRS CAGR: +133.6% 1% -2% 42 2014/15 2014/15 Through our connection with media agencies, the 29 26 22 Company became the sales agent for several mega 2% -3% LED screens both domestically and internationally. 2015/16 2015/16 1 Moreover, the Company expanded the footprint in OOH including outdoor and aviation media 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 throughout several acquisitions. Prepared by Investor Relations Department Section 1: Company Overview 6 VGI Global Media Plc
Agenda Section 1 4 Company Overview Section 2 Thai Media Market Overview 8 Section 3 Business Profile Section 3.1 BTS-related Media 10 Section 3.2 Office Building Media 17 Section 3.3 Other Media 20 Section 4 28 Financial Information & 1Q 2016/17 Performance and Business update Section 5 Organisation and Company Structure 36 Appendices Prepared by Investor Relations Department 7 VGI Global Media Plc
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