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MONDO TV S.p.A.Presentation to the Financial Community
Milan – November 20th, 2002
MONDO TV S.p.A.Presentation to the Financial Community
Milan Milan – – November November 20th, 200220th, 2002
Sponsor & Specialist
AGREEMENTS WITH MICRO MARKETINGFOR GAMES AND WITH STUDIO SEK FORCO-PRODUCTIONS OF ANIMATION
TOTO’ MOVIES IN DISTRIBUTION FOR DVD
INCOMING OPERATIONS WITH NEW CO-PRODUCERS IN INDIA AND INDONESIA
UP TO 600K TAPES AND 100K DVD ON THEMARKET BY MONDO HOMEENTERTAINMENT
BEGAN NEW CO-PRODUCTION WITH RAIBUDGETED 5MLN FOR “LAST OFMOHICANS” AND “FAHRAT”
ACQUISITION OF NEW SHARES OF MIM INGERMANY (NOW 52%)
AGREEMENTS WITH MICRO MARKETINGFOR GAMES AND WITH STUDIO SEK FORCO-PRODUCTIONS OF ANIMATION
TOTO’ MOVIES IN DISTRIBUTION FOR DVD
INCOMING OPERATIONS WITH NEW CO-PRODUCERS IN INDIA AND INDONESIA
UP TO 600K TAPES AND 100K DVD ON THEMARKET BY MONDO HOMEENTERTAINMENT
BEGAN NEW CO-PRODUCTION WITH RAIBUDGETED 5MLN FOR “LAST OFMOHICANS” AND “FAHRAT”
ACQUISITION OF NEW SHARES OF MIM INGERMANY (NOW 52%)
LAST NEWSLAST NEWS
MISSION and BUSINESS MODELMISSION and BUSINESS MODEL
CREATION OF AN IMPORTANT LIBRARYOF QUALITY ANIMATION FILMS
CREATION OF AN IMPORTANT LIBRARYOF QUALITY ANIMATION FILMS
COMPANY-OWNED LIBRARYCOMPANY-OWNED LIBRARYPRODUCTION OF TELEVISION SERIESAND FULL-LENGTH FILMSPRODUCTION OF TELEVISION SERIESAND FULL-LENGTH FILMS
PROCUREMENT OF TEMPORARYLICENSES FOR JAPANESE PRODUCTSPROCUREMENT OF TEMPORARYLICENSES FOR JAPANESE PRODUCTS DISTRIBUTION LIBRARYDISTRIBUTION LIBRARY
RIGHTS PURCHASERIGHTS PURCHASE
PRODUCTIONPRODUCTION
CO-PRODUCTIONCO-PRODUCTION
COMPANY-OWNEDLIBRARY
COMPANY-OWNEDLIBRARY
DISTRIBUTION LIBRARYDISTRIBUTION LIBRARY
TV BROADCASTRIGHTS
TV BROADCASTRIGHTS
PUBLISHING RIGHTSPUBLISHING RIGHTS
INTERNETINTERNET
RELATED SECTORSRELATED SECTORS
CINEMA & VIDEORIGHTS
CINEMA & VIDEORIGHTS
MERCHANDISINGMERCHANDISING
MULTIMEDIAL RIGHTSMULTIMEDIAL RIGHTS
MUSICMUSIC
E-COMMERCEE-COMMERCE
BUSINESS MODELBUSINESS MODEL
SALES BREAKDOWNSALES BREAKDOWNRELATED SECTORS 3rd Q 2002RELATED SECTORS 3rd Q 2002
7%Home Video
Cinema 33%
16% Merchandising& Publishing
SALES BREAKDOWN BYSEGMENT 3rd Q 2002
SALES BREAKDOWN BYSEGMENT 3rd Q 2002
TelevisionRights47 %
RelatedSectors
50%
SALES BREAKDOWN BYSEGMENT 2001
SALES BREAKDOWN BYSEGMENT 2001
RELATED SECTORS2001
RELATED SECTORS2001
TelevisionRights
44%
RelatedSectors
54%
3% Production for third parties
Cinema 28%
21% Merchandising & Publishing
6% Home Video
3% Production for third parties
Related Sectors:
+10% on 3rd Q 2001
Related Sectors:
+10% on 3rd Q 2001
STRENGTHSSTRENGTHS
MANAGEMENT WITH SEASONEDEXPERIENCE IN THE BUSINESSMANAGEMENT WITH SEASONEDEXPERIENCE IN THE BUSINESS
WORLDWIDE COSTLEADERSHIP
WORLDWIDE COSTLEADERSHIP
HIGH QUALITY ANDCLASSICAL CONTENTS
HIGH QUALITY ANDCLASSICAL CONTENTS
IMPORTANT CO-PRODUCTIONAGREEMENTS WITH HAHNSHIN & RAI
IMPORTANT CO-PRODUCTIONAGREEMENTS WITH HAHNSHIN & RAI
SPECIALRELATIONSHIPS WITHPRODUCTION STUDIOS
SPECIALRELATIONSHIPS WITHPRODUCTION STUDIOS
CONSOLIDATED PRESENCEIN WORLD MARKET
THROUGH PARTNERISHIP INASIA AND EUROPE
CONSOLIDATED PRESENCEIN WORLD MARKET
THROUGH PARTNERISHIP INASIA AND EUROPE
SECOND BIGGESTEUROPEAN LIBRARY
SECOND BIGGESTEUROPEAN LIBRARY
TELEVISION MARKET FOR CARTOONSTELEVISION MARKET FOR CARTOONS
WORLD MARKET100%= U$ 2,300 MLN
WORLD MARKET100%= U$ 2,300 MLN
Asia1.5%
N.America40%
S. America 1.5%Australia 1.9%
Japan20%
Africa 0.1%
Europe35%
EUROPEAN MARKET100%= U$ 800 MLN
EUROPEAN MARKET100%= U$ 800 MLN
(97.4% OF WHICH IS WESTERN EUROPE)(97.4% OF WHICH IS WESTERN EUROPE)
Spain4.0%Switzerland3.2%
France21%
Italy10%
Germany18.0%
UK27.8%
Other10%
Sweden3%Denmark3.0%
Source: Screendigest, The business of children’s television, 2000
FINAL GROWTH 2001: +0%FINAL GROWTH 2001: +0%
INCOMING PRODUCTIONSINCOMING PRODUCTIONS
TV PRODUCTIONSTV PRODUCTIONS13 NEW ANIMATED
SERIES IN PRODUCTIONDURING 2001/2002
13 NEW ANIMATEDSERIES IN PRODUCTION
DURING 2001/2002
Religious
� IN THE NAME OF JESUS 26 eps.� ST. FRANCIS OF ASSISI 26 eps.� THE BIBLE 39 eps.
Adventures
� FAHRAT 26 eps.� THE GLADIATORS 52 eps.� THE LAST OF MOHICANS 26 eps.� THE SLEEPING BEAUTY 26 eps.� WINNER 26 eps.�TITANIC IS BACK! 26 eps.
Pre-Schoolar
� ANIMATION FANTASY 26 eps.� ANIMALS’ GAME 26 eps.� STOP MAKING ME LAUGH 26 eps.
Sit-Com
� SPAGHETTI FAMILY 26 eps.
Religious
� IN THE NAME OF JESUS 26 eps.� ST. FRANCIS OF ASSISI 26 eps.� THE BIBLE 39 eps.
Adventures
� FAHRAT 26 eps.� THE GLADIATORS 52 eps.� THE LAST OF MOHICANS 26 eps.� THE SLEEPING BEAUTY 26 eps.� WINNER 26 eps.�TITANIC IS BACK! 26 eps.
Pre-Schoolar
� ANIMATION FANTASY 26 eps.� ANIMALS’ GAME 26 eps.� STOP MAKING ME LAUGH 26 eps.
Sit-Com
� SPAGHETTI FAMILY 26 eps.
INCOMING PRODUCTIONSINCOMING PRODUCTIONS
THEATRICAL PRODUCTIONSTHEATRICAL PRODUCTIONS
8 NEW ANIMATED MOVIESFOR THEATRES WILL BE
READY IN 2003
8 NEW ANIMATED MOVIESFOR THEATRES WILL BE
READY IN 2003
� RAMSES� THE PRINCE OF DINOSAURS� THE TURANDOT� GENGIS KHAN� IN SEARCH OF THE TITANIC� CHRISTMAS IN NEW YORK� MOTHER THERESA� PADRE PIO
� RAMSES� THE PRINCE OF DINOSAURS� THE TURANDOT� GENGIS KHAN� IN SEARCH OF THE TITANIC� CHRISTMAS IN NEW YORK� MOTHER THERESA� PADRE PIO
COMPETITIVE SCENARIOCOMPETITIVE SCENARIO
MAIN PLAYERS IN CARTOON BUSINESS IN EUROPEMAIN PLAYERS IN CARTOON BUSINESS IN EUROPE
BKN INTERNATIONAL (D)WITH A LIBRARY OF ABOUT 1,000 HOURSBKN INTERNATIONAL (D)WITH A LIBRARY OF ABOUT 1,000 HOURS
ABOUT 5,000 EPISODESABOUT 1,970 HOURSABOUT 5,000 EPISODESABOUT 1,970 HOURS
RTV FAMILYENTERTAINMENT AG (D)RTV FAMILYENTERTAINMENT AG (D)
HIT ENTERTAINMENT PLC (UK)ABOUT 1,100 HOURSHIT ENTERTAINMENT PLC (UK)ABOUT 1,100 HOURS
TV-LOONLAND AG (D)TV-LOONLAND AG (D) ABOUT 330 COMPANY-OWNED EPISODESABOUT 1,200 EPISODES UNDER LICENSEABOUT 330 COMPANY-OWNED EPISODESABOUT 1,200 EPISODES UNDER LICENSE
OVER 6,500 EPISODES (1100 COMPANY-OWNED)OVER 3,250 HOURSOVER 6,500 EPISODES (1100 COMPANY-OWNED)OVER 3,250 HOURS
MONDO TV S.P.A. (I)MONDO TV S.P.A. (I)
CARRERE GROUP (F)ABOUT 600 EPISODESCARRERE GROUP (F)ABOUT 600 EPISODES
GULLANE (F)ABOUT 250 EPISODESGULLANE (F)ABOUT 250 EPISODES
MILLIMAGES (F)ABOUT 100 EPISODESMILLIMAGES (F)ABOUT 100 EPISODES
FINANCIALS: OVERVIEWFINANCIALS: OVERVIEW
POLICY OF AMORTIZATION IN COSTANT QUOTASPOLICY OF AMORTIZATION IN COSTANT QUOTAS
SPREAD OF REVENUES DURING ALL LICENSE TERMSPREAD OF REVENUES DURING ALL LICENSE TERM
REVENUES 2002 (9 Months)REVENUES 2002 (9 Months)
REVENUES: 24.8 Millions EURO
+40% on 3rd Q. 2001+40% on 3rd Q. 2001
EBITDA: 20.6 Millions EURO
+47% on 3rd Q. 2001+47% on 3rd Q. 2001
FINANCIAL RESULTSFINANCIAL RESULTS
SUMMARY OF THE MAIN CONSOLIDATED RESULTS (millions of Euro)SUMMARY OF THE MAIN CONSOLIDATED RESULTS (millions of Euro) Economic figures
2000 (FY)
2001 (FY)
2001 (9 months
2002 (9 months)
Revenues from sales and services 14.7 28.5 17.7 24.8 Gross Operating Margin (EBITDA) 11.9 23.6 14.0 20.6 Operating results 6.7 10.2 6.5 10.3 Net profits 4.0 8.0 - - Asset figures Net equity 50.7 58.7 - - Fixed assets 38.2 75.0 60.0 89.9 Net financial availability 30.4 20.7 21.3 7.3
FINANCIAL RESULTSFINANCIAL RESULTS
(millions of euros)
2002 (9 months)
2002 (9 months)
Changes
Economics Revenues 24,8 17,7 7,1 40% (-) Operating costs -4,2 -3,7 -0,5 12% Gross operating margin (EBITDA) 20,6 83% 14,0 79% 6,6 47% (-) Ammortization and depreciation -10,1 -7,3 -2,8 39% (-) Provisions -0,2 -0,2 -0,0 0% Oparating income (EBIT) 10,3 41% 6,5 37% 3,8 58% (+) Net financial income and adjustments 0,3 0,7 -0,4 -59% Income from ordinary activities 10,5 42% 7,2 41% 3,4 47% (+) Net extraordinary income 0 0 0,0 0% Pre tax income 10,5 42% 7,2 41% 3,4 47%
Breakdown of revenues by segment Television 10,4 42% 8,3 47% 2,1 25% Production for third parties 0,7 3% 0,5 3% 0,2 40% Home Video 1,5 6% 1,2 7% 0,3 25% Merchandising e publishing 3,9 16% 3,7 21% 0,2 5% Cinema 8,3 33% 4,0 23% 4,3 108% Sub total relaed sectors 13,7 55% 8,9 50% 4,8 54% Revenues 24,8 100% 17,7 100% 7,1 40%
(millions of euros)
2002 (9 months)
2002 (9 months)
Changes
Economics Revenues 24,8 17,7 7,1 40% (-) Operating costs -4,2 -3,7 -0,5 12% Gross operating margin (EBITDA) 20,6 83% 14,0 79% 6,6 47% (-) Ammortization and depreciation -10,1 -7,3 -2,8 39% (-) Provisions -0,2 -0,2 -0,0 0% Oparating income (EBIT) 10,3 41% 6,5 37% 3,8 58% (+) Net financial income and adjustments 0,3 0,7 -0,4 -59% Income from ordinary activities 10,5 42% 7,2 41% 3,4 47% (+) Net extraordinary income 0 0 0,0 0% Pre tax income 10,5 42% 7,2 41% 3,4 47%
Breakdown of revenues by segment Television 10,4 42% 8,3 47% 2,1 25% Production for third parties 0,7 3% 0,5 3% 0,2 40% Home Video 1,5 6% 1,2 7% 0,3 25% Merchandising e publishing 3,9 16% 3,7 21% 0,2 5% Cinema 8,3 33% 4,0 23% 4,3 108% Sub total relaed sectors 13,7 55% 8,9 50% 4,8 54% Revenues 24,8 100% 17,7 100% 7,1 40%
11,9
14,0
20,6
23,6
2000 (FY) 2001 (FY) 2001 (3rd Q) 2002 (3rd Q)
6,7
10,2
6,5
10,3
2000 (FY) 2001 (FY) 2001 (3rd Q) 2002 (3rd Q)
14,7
17,7
24,8
28,5
2000 (FY) 2001 (FY) 2001 (3rd Q) 2002 (3rd Q)
CHARTSCHARTS
REVENUESREVENUES EBITDAEBITDA
EBITEBIT
47%40%
58%
10
60
45
2000 2001 2002
INVESTMENT PLAN 2000-2003INVESTMENT PLAN 2000-2003
INVESTMENT IN RIGHTSINVESTMENT IN RIGHTS
MLN EUROMLN EURO
NEW POSSIBILITIESNEW POSSIBILITIESACQUISITIONSACQUISITIONS
CO-PRODUCTIONSCO-PRODUCTIONS
ANIMATION SERIES& MOVIES
ANIMATION SERIES& MOVIES
BUSINESS STRUCTUREBUSINESS STRUCTURE
ANIMATION SERIES& MOVIES
ANIMATION SERIES& MOVIES
PC GAMESPC GAMES
MONDO CINEMA srlMONDO CINEMA srl
DORO TVMERCHANDISING srl
DORO TVMERCHANDISING srl
MONDO LICENSING spaMONDO LICENSING spa
GROUP STRUCTUREGROUP STRUCTURE
MONDO HOMEENTERTAINMENT srlMONDO HOMEENTERTAINMENT srl MIM MONDO IGEL
MEDIA AGMIM MONDO IGEL
MEDIA AG
STRATEGYSTRATEGY
ACTIONSACTIONSOBJECTIVESOBJECTIVESCO-PRODUCTION WITH STRATEGIC PARTNERS ANDTELEVISION BROADCASTING ENTITY TO REACHTHE 1500 HALF HOURS EPISODES BEFORE THEANNOUNCED YEAR 2008 (ESTIMATED 2005)
PROCUREMENT OF LICENSES UP TO 500 NEW HALFHOURS JAPANESE EPISODES PER YEAR ANDREVAMPING OF SALES OF JAPANESE ANIMATIONTO RAI TELEVISION
PENETRATION STRATEGY FOR ALL RELATEDMARKETS THROUGH COMMERCIAL JOINT-VENTURES BETWEEN THE SECTOR MAJORPLAYERS AND THE NEW COMPANIES MONDO HOMEENTERTAINMENT AND MONDO LICENSING (NOWTHE MOST IMPORTANT ITALIAN INDENPENDENTCOMPANIES)
INCREASE THEATRICAL PRODUCTION WITH PADREPIO, MOTHER THERESA, GENGIS KHAN AND TITANICII ALL GEARED TOWARDS ACQUIRING A STRONG THEATRICAL PRESENCE FOR MONDO TV
CO-PRODUCTION WITH STRATEGIC PARTNERS ANDTELEVISION BROADCASTING ENTITY TO REACHTHE 1500 HALF HOURS EPISODES BEFORE THEANNOUNCED YEAR 2008 (ESTIMATED 2005)
PROCUREMENT OF LICENSES UP TO 500 NEW HALFHOURS JAPANESE EPISODES PER YEAR ANDREVAMPING OF SALES OF JAPANESE ANIMATIONTO RAI TELEVISION
PENETRATION STRATEGY FOR ALL RELATEDMARKETS THROUGH COMMERCIAL JOINT-VENTURES BETWEEN THE SECTOR MAJORPLAYERS AND THE NEW COMPANIES MONDO HOMEENTERTAINMENT AND MONDO LICENSING (NOWTHE MOST IMPORTANT ITALIAN INDENPENDENTCOMPANIES)
INCREASE THEATRICAL PRODUCTION WITH PADREPIO, MOTHER THERESA, GENGIS KHAN AND TITANICII ALL GEARED TOWARDS ACQUIRING A STRONG THEATRICAL PRESENCE FOR MONDO TV
EXPAND THE LIBRARY WITHFIXED COSTS
EXPAND THE LIBRARY WITHFIXED COSTS
REINFORCE BRAND NAMEREINFORCE BRAND NAME
EXPLOIT LIBRARY INRELATED SECTORS
EXPLOIT LIBRARY INRELATED SECTORS
STRATEGYSTRATEGY
COMMISSIONED EXECUTIVE PRODUCTION PERPROJECT BASIS WITH THE FIRST TWOAGREEMENTS SIGNED WITH ANIMATION BANDAND RAI FOR “LUPO ALBERTO II“ AND“SPAGHETTI FAMILY“ AND OTHERS WILL COME
COMMISSIONED EXECUTIVE PRODUCTION PERPROJECT BASIS WITH THE FIRST TWOAGREEMENTS SIGNED WITH ANIMATION BANDAND RAI FOR “LUPO ALBERTO II“ AND“SPAGHETTI FAMILY“ AND OTHERS WILL COME
PRODUCTION FORTHIRD PARTIES
PRODUCTION FORTHIRD PARTIES
52% ACQUISITION OF MIM (THROUGH THE LASTCAPITAL INCREASE).
UP TO DATE MONDO TITLES ARE SOLD IN OVER100 COUNTRIES WORLDWIDE
52% ACQUISITION OF MIM (THROUGH THE LASTCAPITAL INCREASE).
UP TO DATE MONDO TITLES ARE SOLD IN OVER100 COUNTRIES WORLDWIDE
PENETRATION IN DIFFERENT
WORLD MARKETS
PENETRATION IN DIFFERENT
WORLD MARKETS
ACTIONSACTIONSOBJECTIVESOBJECTIVES