KEY PERFORMANCE INDICATORSGROWING STEADILY
48837
FY15
58125
FY16
64342
FY17
66857
FY18
79339
FY19
ZEEL’s revenues have grown at 12.4% CAGR over the past five years. However, excluding the Sports business, which was divested in FY17, revenues grew at 16.1% CAGR over FY14-19. This has been driven by improvement in our TV network share and digitization of analogue subscriber base. During FY19, our domestic advertising and subscription grew by 20.9% and 17.4% YoY, respectively.
12538
FY15
15136
FY16
19269
FY17
20762
FY18
25639
FY19
Our EBITDA CAGR of 16.3% over the last five years is ahead of revenue growth. EBITDA margins improved from 27.2% in FY14 to 32.3% in FY19 driven by operating leverage. In FY19, despite investments in digital, EBITDA margins improved by 120bps YoY. Monetization of phase III subscribers and market share gains in our Domestic Broadcast aided margins.
14040
FY15
14059
FY16
16775
FY17
21841
FY18
24563
FY19
Our Profit before tax has grown at a 13.2% CAGR over the past five years led by robust revenue growth and improving margins. During FY19, PBT (before exceptional items) increased by 12.5% YoY, tad lower than the five-year average, due to lower other income and higher fair value adjustments.
21.1
FY18
24.4
FY19
ZEEL’s return on capital employed (ROCE) improved by 330bps YoY to 24.4%. The increase was primarily led by higher EBIT margins which increased from 28.3% in FY18 to 29.4% in FY19. The overall growth in capital employed was relatively lower due to partial redemption of redeemable preference shares during the year.
66904
FY17
75617
FY18
89239
FY19
In FY19, ZEEL’s networth increased by 18%. This is primarily due to profit from operations.
18.0
FY18
19.7
FY19
ZEEL further strengthened its leadership position as the #1 non-sports entertainment television network during the year with an all-India viewership share of 19.7%. Strong performance of our regional channels and movie cluster helped viewership share improvement of 170bps YoY in FY19.
41.3
2QFY19
56.3
3QFY19
61.5
4QFY19
In its first year of operations, ZEE5 was one of the fastest growing digital entertainment platforms in India. ZEE5 witnessed 190% increase in MAUs since April’18 driven by ZEE5 Originals, an expansive movie catalogue and the strong content library of broadcast business.
1660
FY18
2997
FY19
Zee Studios’ produced seven and distributed six movies during the year across Hindi, Marathi and Punjabi languages. The significant increase in movie business revenue during the year was led by the success of three Hindi movies – Manikarnika, Dhadak and Parmanu.
64%
Advertising
revenues
29%
Subscription
revenues
7%
Other Sales
and Services
57%
Operating
Costs
29%
Other
costs
14%
Employee benifits
expenses
