sun tv network

Sun TV Network

Ashish Popat - 39Aparna Sawant - 28

Tosha Desai - 07Darshan Utekar - 23

Aniruddha Rangnekar - 45

Business Model

• De-risked business model

• Radio Business

• IPL: Brand leverage yet to be seen in revenue growth

Tamil Nadu Karnataka Kerala Andhra Pradesh

Sun Channels Viewer-ship per-centages

70 39 26 39

5

25

45

65

Sun Channels Viewership percentages

Sources of Revenues• Digitization-led subscription

• Wide Array of Channels1. Sun TV2. Gemini TV3. Udaya TV4. Surya TV

• Advertisements

• Sale of Movies

31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11 31-Mar-10

Share capital 1970.4 1970.4 1970.4 1970.4 1970.4

Reserves and surplus

28983.9 25883.9 23149.2 20566.4 16885.4

5000.00

15000.00

25000.00

35000.00

Shareholder's FundsA

mou

nt in

mill

ions

31-Mar-10 31-Mar-11 31-Mar-12 31-Mar-13 31-Mar-14

Gross Profit 13301.2 18761.2 17138.4 17385.7 19227.6

Less : Cost of Goods Sold 1227.2 1373.4 1333.3 1844.3 3008.6

Sales 14528.4 20134.6 18471.7 19230 22236.2

2500.00

7500.00

12500.00

17500.00

22500.00

27500.00

32500.00

37500.00

42500.00

47500.00

Profit and loss statement analysis

31-Mar-10 31-Mar-11 31-Mar-12 31-Mar-13 31-Mar-14

PBT 7999.6 11438.5 10145 10347.4 11134.3

Less : Tax 2990.5 3831 3316.7 3305.9 3682.1

PAT 5199 7697.6 6929.1 7095.6 7480.1

2500.00

7500.00

12500.00

17500.00

22500.00

PAT and TAX RATEAm

ount

in m

illio

ns

3/31/2011 3/31/2012 3/31/2013 3/31/2014

SGA 0.246593663796707

0.00412391872862616

0.0999699489131523

0.253832377136266

Gross Profit

0.410489279162782

-0.08649766539

45374

0.0144295850254399

0.105943390257511

COGS 0.119132985658409

-0.02919761176

64192

0.383259581489537

0.631296426828607

Sales 0.38587869276727

-0.08258917485

32376

0.0410519876351392

0.156328653146126

-10.00%

10.00%

30.00%

50.00%

70.00%

90.00%

110.00%

P&L Statement 1Pe

rcen

tage

3/31/2011 3/31/2012 3/31/2013 3/31/2014

Other Inc 0.393419170243205

0.63347022587269

-0.09226901319

92457

0.199418363107603

INT EXP -0.54453441295

5466

1.58666666666667

-0.16151202749

1409

-0.05532786885

24589

EBIT 0.425287356321839

-0.14272826681

2466

0.0283172295034919

0.0661766986076224

Depre & Amm

0.497179894674519

-0.01431961037

33922

-0.06725368469

95228

0.082742851968397

EBITDA 0.446436756320701

-0.10362769827

4879

-0.00368367094

424993

0.0713697716337625

5%25%45%65%85%

P&L Statement 2Pe

rcen

tage

3/31/2011 3/31/2012 3/31/2013 3/31/2014

PAT after MI

0.480592421619542

-0.09983631261

69192

0.0240290946876223

0.0541885111900331

MI -0.69603524229

0749

-0.59782608695

6522

-2.10810810810

811

2.58130081300813

Profit from asso-ciates

3.20481927710843

1.25214899713467

0.00127226463104346

0.473951715374841

PAT Be-fore MI

0.518735900660797

-0.10242523825

1725

0.0312229984037029

0.0583256408435702

Tax 0.281056679485036

-0.13424693291

5688

-0.00325624868

091778

0.113796545570041

PBT 0.42988399419971

-0.11308300913

5813

0.0199507146377529

0.0760480893751088

5%25%45%65%85%

P&L Statement 3P

erce

nta

ge

Total0

2000

4000

6000

8000

10000

12000

14000

16000

1800015469.8

83529725.4

8851.6

CFFO

2011 2012 2013 2014

2011 2012 2013 2014

-5000

-4000

-3000

-2000

-1000

0

1000

CFFI

Total

2011 2012 2013 2014

-4500

-4400

-4300

-4200

-4100

-4000

-3900

-3800

-3700

-3600

-3920.8

-4434.4 -4456-4432.7

CFFF

Total

31 March 2010 31 March 2011 31 March 2012 31 March 2013 31 March 2014

91.55 93.18 92.78 90.41 86.47

75.08 78.37 76.57 73.28 67.89

53.00 54.50 50.93 50.31 46.39

55.06 56.81 54.92 53.81 50.07

35.79 38.23 37.51 36.90 33.64

37.38 33.49 32.69 31.95 33.07

Margins

Gross Profit Margin EBITDA Margin EBIT MarginPBT Margin PAT Margin Tax Rate

2011 2012 2013 2014

Current Ratio

2.80711748696896

4.2654182601433 4.35412888826894

5.65645362996117

Quick Ra-tio

2.80386549195074

4.26317640335839

4.35238526991212

5.65457776607648

Cash Ratio 1.81412888048342

2.02558354213372

2.31761751987725

3.56743237017047

1.00

3.00

5.00

7.00

9.00

11.00

13.00

15.00

Liquidity Ratio

20112012

20132014

0.06

0.05

0.02

0.02

0.00

0.00

0.00

0.00

487.

73

161.

64

198.

24

223.

74

Solvency Ratio

Debt to Equity RatioDebt to Assets RatioInterest Coverage Ratio

20112012

20132014

0.00

100.00

200.00

300.00

400.00

500.00

600.00

Activity Ratio

Recieveable Turnover RatioInvestory Turnover RatioPayable Turnover Ra-tioTotal Asset Turnover Ratio