BIG FM breaks even, turns EBIT-positive in QE Dec 2010
* RBNL records highest-ever quarter consolidated total income of Rs.70 crores
* Consolidated ebitda margin of Rs.6.5 crores
* Debt repayment of Rs.200 crores - financial charges down by 72%
* Radio Operations turn EBIT positive basis increase in revenues of 13% over last year
* Radio inventory utilization growth of 42% over previous year
* Radio sales from Tier II and III markets up 23% over same quarter of last year
MUMBAI: Announced its results for the Quarter Ending (QE) December 2010m on the back of strong growth in its radio operations which turned EBIT-positive, Reliance Broadcast Network Ltd. (RBNL), the multi-media entity from the Reliance ADA Group, has recorded the highest ever Consolidated Total Income of Rs 70 crores, a Consolidted EBIDTA margin of Rs 6.5 crores, and Repaid debt of Rs. 200 crores with financial charges down by 72%. RBNL has play across the businesses of radio, out of home, experiential marketing, digital and television.
Standalone Key Performance Indicators for quarter ended December 2010:
� RBNL recorded highest ever quarter revenue of Rs. 70 crores, up by 40%
� EBITDA grows by 123% from same quarter previous year to Rs. 7 crores
� Radio Operations turn EBIT positive basis increase in revenues of 13% over last year
� Radio inventory utilization growth of 42% over previous year
� Radio sales from Tier II and III markets up 23% over same quarter of last year
� OOH business posted a 41% growth in sales performance, driven by new inventories
� Experiential Marketing business revenues grow by 561% on the back of IP properties
Commenting on the performance, Tarun Katial, Chief Executive Officer, Reliance Broadcast Network Limited, said, The radio business broke even this quarter with RBNL posting highest ever quarter Consolidated Total Income of Rs. 70 crores and EBITDA margin of Rs.6.5 crores. Each of our business verticals have shown steady growth, while leveraging on our integrated business strategy, which will help create greater shareholder value. We have also repaid a large part of our debts reducing our financial charges, and plan usage of the remaining funds raised for growth opportunities across verticals....
Key Business Highlights for quarter ending December 2010:
Reliance Broadcast Network Ltd.:
� Repaid debt of Rs. 200 crores - financial charges down by 72%
92.7 BIG FM:
� In line with its �Bollywood' positioning, BIG FM created an innovative Diwali special, �Bollywood Teen Patti', engaging millions of listeners across the country
� Continuing with its commitment to the environment, BIG FM also executed the BIG Avon Greenathon, a cycle rally, across 44 of its stations and BIG Green Durga Puja Campaign in Kolkata, encouraging the people of Kolkata to adopt an Eco friendly approach to the festival.
� Programming innovations continued on air with the introduction of two exciting radio characters – a quintessential Delhi character Pammi Aunty and the iconic Udham Singh.
� BIG FM Stations in Bangalore and Kolkata continue to be undisputed leaders in both cities, with Delhi also seeing a steady growth in share and Mumbai maintaining its share [RAM ratings].
BIG Street:
� Q3 saw significant high quality inventories being executed by BIG Street, most of its going live for sales in quarter ending March 2011
o Digital information Pods across DMRC stations and malls
o Street furniture in Delhi for DTTDC & MCD project
BIG Live:
�The Intellectual Properties vertical executed 6 properties in the quarter, ranging from BIG Gujarati Entertainment Awards & BIG Oriya Entertainment Awards to regional Television awards across Maharashtra, Bengal & Andhra Pradesh.
�The crowning glory of the quarter was the BIG STAR Entertainment Awards, which returned with a TVR of 5.78 – the highest rated TV Award in the last 6 months.
�The Events and Activations vertical executed a series of on ground events for clients including LG, Rajasthan Tourism, ICICI Securities, MAMI Film Festival, Coca Cola, Tata Ace, Videocon Mobile Services and many more
BIG Digital:
� BIG Digital partnered with Reliance Mobile & Airtel to bring on board leading Movie and television stars for a celebrity live chat format on mobile.
� IAMAI hosted the first ever digital awards in India, which saw BIG Mobile Radio, an innovation from BIG Digital getting nominated for this prestigious industry first in the category �Best Digital Innovation'
BIG CBS:
� The quarter saw the launch of the first channel from the BIG CBS JV, BIG CBS Prime, offering the latest of American TV. Backed by a superior world class product and strong distribution, reaching 30 mn HH's, this channel has built the first step in television broadcasting.
