2024-06-13 14:00:28 ET
MultiChoice Group Limited (MCHOY)
Q4 2024 Earnings Conference Call
June 13, 2024 09:00 AM ET
Company Participants
Meloy Horn - Head, IR
Calvo Mawela - CEO
Tim Jacobs - CFO
Conference Call Participants
Jared Hoover - RMB Morgan Stanley
Jonathan Kennedy-Good - Prescient Securities
Jono Bradley - ABSA
Presentation
Meloy Horn
Hello, everybody, and welcome to the MultiChoice FY '24 Results Call. This is Meloy Horn, and on behalf of the Group, I'd like to welcome you and also introduce the representatives of MultiChoice. With me on the call today is our CEO, Calvo Mawela; and our CFO, Tim Jacobs. I also would like to, before we proceed, just acknowledge Chris Estereza (ph), who has walked this journey with us for many, many years, as moderator of our results calls. Chris sadly passed away recently and may his soul rest in peace. We're sorry to his colleagues and his family for your deep loss.
So, to start today's proceedings, we'd like to play you a video to remind you what we're all about. And thereafter, Calvo will start his presentation. Thank you very much.
[Video Presentation]
Calvo Mawela
Good afternoon, everyone, and welcome to our results presentation. To start, let's turn to Slide 5. I want to begin by thanking all our teams at MultiChoice for their continued commitment to our vision of enriching the lives of millions of people through entertainment and technology. We have long held this view and in recent years have carefully invested in our strategy of enabling our customers to stay within our platform, while enjoying the services and products they need beyond just video entertainment.
We continue to innovate partner, and invest to grow from our core linear video business by developing and scaling adjacent streaming and interactive entertainment services. Simply put, for our customers, it means Africa's most loved storyteller is fast becoming the entertainment platform of choice.
We like to imagine this as concentric circles around our customers, a platform catering for their entertainment needs, from financial services that allow them to afford and pay for their entertainment to the technologies required for access, and of course, a choice of video and interactive entertainment options which our customers can enjoy in their homes or increasingly in their hands.
The increased penetration of smartphones is changing how we consume and engage with content. We see this as an opportunity to increase our presence beyond the current 21 million households and into countless more hands across Africa. This is what the strategy looks like for us as a business, but for MultiChoice customers, our strategy means we are catering for their entertainment needs, whether they are in their homes or on the move.
With DStv as your home of entertainment and the ultimate aggregator, we bring you a lean back experience with the option to stream, one place to browse, buy and consume all your content across all your devices. Through Showmax, we are bringing you a stream focused service with great local originals and the best of international content as well as mobile only Premier League sports. All are available to you anytime, anywhere....
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MultiChoice Group Limited (MCHOY) Q4 2024 Earnings Call Transcript